Common use of Authorization and Appointment Clause in Contracts

Authorization and Appointment. The Company hereby authorizes and appoints the Advisor to act as its investment advisor and to exercise full investment discretion subject to the terms of this Investment Advisory Agreement, as the Company's agent and attorney-in-fact, with respect to all cash and invested assets of the Company (consisting of all assets required to be listed on Lines 1 through 10 of Page 2 of the NAIC Annual Statement blank for Life and Accident and Health Companies, other than policy loans (Line 5) and real estate properties occupied by the Company (Line 4.1)) (all of which cash and invested assets are collectively referred to in this Investment Advisory Agreement as the "Assets"), and to perform the investment-related services described in this Investment Advisory Agreement.