Separate account

Separate account means an account established and maintained by an insurance company in connection with one or more insurance contracts to hold assets that are legally segregated from the insurance company's other assets, under which income, gains, and losses, whether or not realized, from assets allocated to such account, are, in accordance with the applicable contract, credited to or charged against such account without regard to other income, gains, or losses of the insurance company.

Source

12 CFR § 351.2

---

Scoping language

Unless otherwise specified, for purposes of this part:

---

Is this correct? or