On May 11, 2018, the IRS issued proposed regulations under section 385 of the Internal Revenue Code (the “Code”) that would overhaul certain rules relating to related-party debt. The proposed regulations would amend Treas. Reg. § 1.385-2 and other related guidance. A public hearing on the proposed regulations is scheduled for July 18, 2018. Comments are due by August 17, 2018. This blog post provides a high-level overview of the key changes proposed in the regulations.
The proposed regulations have generated much commentary since they were released. Some commentators have opined that the proposals are a death knell for corporate America while others believe that they provide much needed clarity around debt restructuring transactions. It remains to be seen what modifications, if any, will be made to the proposals following the public hearing and comments process.
This blog post is not intended to be a comprehensive discussion of all aspects of the proposed regulations or an ev
| Question | Answer |
|---|---|
| Form Name | Form Cg 20 10 11 85 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | 2010 11 85, cg 2010 11 85, cg 11 85, cg2010 1185 |
Please note that Cal State San Marcos can only accept
Endorsement form # CG 20 10 11 85
Reproduction of Insurance Services Office, Inc. Form
INSURER:
POLICY NUMBER:
ENDORSEMENT NUMBER:
THIS ENDORSEMENT CHANGES THE POLICY, PLEASE READ IT CAREFULLY.
ADDITIONAL INSURED - OWNERS, LESSEES OR
CONTRACTORS (FORM B)
This endorsement modifies insurance provided under the following:
COMMERCIAL GENERAL LIABILITY COVERAGE PART.
SCHEDULE
Name of Organization: State of California, Trustees of the California State University, California State University San Marcos, and each of their officers, officials, employees, authorized representatives, agents and volunteers, the "University."
WHO IS AN INSURED (Section II) is amended to include as an insured the person or organization shown in the Schedule, but only with respect to liability arising out of "your work" for that insured by or for you.
Modifications to ISO form CG 20 10 11 85:
1.This insurance shall be primary as respects the University, or if excess, shall stand in an unbroken chain of coverage excess of the Named Insured's scheduled underlying primary coverage. In either event, any other insurance maintained by the University shall be in excess of this insurance and shall not be called upon to contribute with it.
2.The insurance afforded by this policy shall not be canceled except after thirty days prior written notice by has been given to the University. (10 days advance written notice for non- payment).
3.The Insurer named above waives any right of recovery the Insurer may have against the Univesity when the Insured has agreed to such waiver in writing prior to loss.
3.Coverage shall not extend to any indemnity coverage for the active negligence of the University in any case where an agreement to indemnify the University would be invalid under Subdivision (b) of section 2782 of the Civil Code (construction contracts with public agencies)
**Sample Form Only**
Address
CG 20 10 11 85 Insurance Services Office, Inc. Form (Modified)
PLEASE NOTE: This document is to be used as a reference for policy language only. Your insurance company’s underwriter will have a similar version of form # CG 20 10 11 85 to meet the endorsement requirement.