Certificate Coverage Termination Sample Clauses

Certificate Coverage Termination. The Certificate terminates: (a) on a relevant Certificate Owner’s or Covered Person’s death, as the case may be, as described in Section 8.1; (b) upon assignment, pledge, viatication, levy or garnishment of any Covered Asset or any of the rights under the Contract and Certificate to the Coverage Amount; (c) upon the transfer, sale or other disposition of all or substantially all of the Covered Asset Pool into Ineligible Assets; (d) upon non-payment of the Certificate Fee; (e) on the date the Coverage Base or Coverage Amount is reduced to zero due to an Excess Withdrawal; (f) the date We receive any Certificate Owner’s written notice to cancel; (g) if the composition of the Covered Asset Pool does not meet the then applicable Composition Requirements and non-compliance is not corrected within the Compliance Deadline; (h) if the Financial Institution, the Third-Party Administrator, or the Certificate Owner does not provide or give Us access to the information or data necessary for Us to monitor the composition of the Account; (i) if the Certificate Owner’s age (or Certificate Owner’s Spouse’s, if a joint life Certificate) is misstated and the Certificate would not have been issued or continued had such age(s) not been misstated; (j) if the Certificate Owner does not transfer the Account to a then approved Financial Institution within the prescribed time following removal of a Financial Institution as described in Section 7.2; (k) change of Law as described in Section 10.4; (l) upon termination of the Contract; or (m) With respect to a Certificate covering an Account held by a Family Limited Partnership if the Certificate Owners/Covered Persons are no longer the sole general partner(s) of the Family Limited Partnership. Termination of the Certificate will result in the loss of all current and future benefits provided by the Contract and Certificate. We may restrict the Certificate Owner’s ability to purchase a new Certificate for one (1) year after the date the Certificate Owner elected to cancel the Certificate.