Frederick Bellamy

Frederick Bellamy

Eversheds Sutherland (US) LLP

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IRS Notice Offers Relief to Issuers of Variable Insurance Products in Response to Pending Money Market Fund Reforms

On May 5, 2016, the IRS issued Notice 2016-32, 2016-21 I.R.B. 1, which affords relief with respect to the application of the diversification requirements of IRC ยง 817(h) to variable life insurance and annuity contracts...more

5/11/2016  /  Diversification Requirements , Floating NAV , IRS , Life Insurance , Money Market Funds , Relief Measures , Securities and Exchange Commission (SEC) , U.S. Treasury , Variable Annuities , Variable Insurance
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