CHANGE OF PORTFOLIO. We may determine that a portfolio has become unsuitable for investment by a subaccount or shares of a portfolio may cease to be available for investment. In such event, we may substitute another portfolio of the investment company or invest in a different investment company. This change would not be made unless approved by: 1) The SEC; and 2) If required, the insurance supervisory officials in the state where this contract is delivered. ---------------------------------------------------------------------------- 10. EXCHANGE OF CONTRACT ----------------------------------------------------------------------------
Appears in 2 contracts
Samples: Variable Life Insurance Contract (Lbvip Variable Insurance Account), Variable Life Insurance Agreement (Lb Variable Insurance Account I)
CHANGE OF PORTFOLIO. We may determine that a portfolio has become unsuitable for investment by a subaccount or shares of a portfolio may cease to be available for investment. In such event, we may substitute another portfolio of the investment company or invest in a different investment company. This change would not be made unless approved by: :
1) The SEC; and and
2) If required, the insurance supervisory officials in the state where this contract is delivered. ---------------------------------------------------------------------------- 10. EXCHANGE OF CONTRACT ----------------------------------------------------------------------------.
Appears in 2 contracts
Samples: Flexible Premium Deferred Variable Annuity Contract (Lbvip Variable Annuity Account I), Variable Life Insurance Contract (Lb Variable Insurance Account I)
CHANGE OF PORTFOLIO. We may determine that a portfolio has become unsuitable for investment by a subaccount or shares of a portfolio may cease to be available for investment. In such event, we may substitute another portfolio of the investment company or invest in a different investment company. This change would not be made unless approved by: :
1) The SEC; and and
2) If required, the insurance supervisory officials in the state where this contract is delivered. ---------------------------------------------------------------------------- ============================================================================ 10. EXCHANGE OF CONTRACT ----------------------------------------------------------------------------============================================================================
Appears in 1 contract
Samples: Variable Life Insurance Contract (Lbvip Variable Insurance Account)
