Labels:book | reckoner | sky OCR: "loophole" in the statute and ensure that a contract which per- mitted contributions to both the general account and separate accounts would be exempt guaranteed benefit the policy general only "to the extent that n contr ibutions were held in account ACLI at J 22 Mack Boring, 930 F.2d 274 This reading, however finds no suppart in the statutory language. Section 401(b)(2)(B) sop 7ou state, as the ACLI would have that policy OI contract is a guaranteed henefit policy "ex- or cept to the extent contributions are held in separate genera! accounts account to the extent contribution5 are held in the Dn the contrary $401{b}(2} exermpts only an insurance policy or contract the extent that such policy or contract provides for benefits the amount of which is guaranteed by the insurer. Hancock's and ...
(.png)
