Application of Dividends. a. Dividends declared by Insurers on the Policy shall be accumulated at interest by Insurer until Owner elects a dividend option and directs how the accumulated dividends and interest earned thereon shall be applied. b. Owner shall elect a dividend option as provided in Paragraph (a) of this Article, subject to any subsequent assignment of the Policy.
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Samples: Split Dollar Agreement (Judge Group Inc), Split Dollar Agreement (Judge Group Inc), Split Dollar Agreement (Judge Group Inc)
Application of Dividends. a. Dividends declared by Insurers on the Policy shall be accumulated at interest by Insurer until Owner elects a dividend option opinion and directs how the accumulated dividends and interest earned thereon shall be applied.
b. Owner shall elect a dividend option option, as provided in Paragraph (a) of this Article, subject to any subsequent assignment of the Policy.
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