Common use of Adoption of Procedures Clause in Contracts

Adoption of Procedures. State Street and the Insurance Company may from time to time adopt such procedures as they agree upon, and State Street may conclusively assume that no such procedure approved or directed by the Insurance Company, the Insurance Company’s accountants, Auditors or other advisors conflicts with or violates any requirements of the Governing Documents, any prospectus or similar document applicable to the Account, any applicable law, rule or regulation, or any order, decree or agreement by which the Insurance Company may be bound, provided that such assumption is in good faith and reasonable. The Insurance Company will provide State Street with Proper Instructions in the event that the Insurance Company determines that its or State Street’s responsibilities or procedures require modification.