26 U.S. Code § 817A - Special rules for modified guaranteed contracts
In the case of a modified guaranteed contract, clause (ii) of section 807(e)(1)(A) shall not apply.
For purposes of paragraph (1), the term “segregated asset” means any asset held as part of a segregated account referred to in subsection (d)(1) under a modified guaranteed contract.
For purposes of applying section 816(b)(1)(A) to any modified guaranteed contract, an assumed rate of interest shall include a rate of interest determined, from time to time, with reference to a market rate of interest.
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