ACCOUNT DIVISIONS. The Separate Account is divided into Divisions. Assets of each Division are invested in shares of a corresponding Portfolio that the Company makes available under the Contract. Shares are purchased for the Separate Account at the net asset value of the applicable Portfolio. The Divisions available on the Issue Date are listed on page 3. The Company may add new Divisions to the Separate Account. When permitted by law and subject to any approvals XX.X.X.XX. (1106) 6 that may be required by regulatory authorities, the Company reserves the right to make such Divisions available to any class or series of variable annuity contracts as it deems appropriate, eliminate or combine any Divisions and transfer the assets of one or more Divisions to any other Division.
Appears in 4 contracts
Samples: NML Variable Annuity Acct C of Northwestern Mut Life Ins Co, NML Variable Annuity Acct C of Northwestern Mut Life Ins Co, NML Variable Annuity Acct C of Northwestern Mut Life Ins Co
