Deductibility of Premiums
The deductibility of premiums paid by participants in MBPs will vary depending upon the structure of the Program. It is the responsibility of Program participants to determine the deductibility of premiums to be paid to EIS.
Taxation of EIS
The underwriting and investment income of EIS is subject to U.S. taxation.
For complete details regarding the allocation of the Company's U.S. federal income tax liability amongst the Programs within EIS, see Section V (Taxation) of Addendum No. 1 to the MBP Participation Agreement.