CONTRACT AND PROGRAM CHANGES Sample Clauses

CONTRACT AND PROGRAM CHANGES. 1. The Company may amend, substitute, add or delete variable investment funds to the separate accounts supporting the annuity contract as described in the contract general provisions. No such change will be made by the Company without prior notification to Swiss Re Life & Health and without the prior approval of the Securities and Exchange Commission, if necessary. The Company agrees to maintain at all times a satisfactory selection of core investment options with characteristics similar to those listed in Exhibit B.
AutoNDA by SimpleDocs
CONTRACT AND PROGRAM CHANGES. A. The Cedent may amend, substitute, add or delete variable investment funds to the investment options supporting the annuity contracts as described in the contract general provisions. The Cedent shall make no such change without prior notification to the Reinsurer, which notification shall be promptly forwarded to the Reinsurer, and without the prior approval of the Securities and Exchange Commission (SEC) or applicable self-regulatory body approval, if necessary. The Cedent shall provide thirty (30) days prior written notice to the Reinsurer, unless otherwise agreed to by the Cedent and the Reinsurer, of any proposed change in the investment options supporting Reinsured Contracts. The Cedent shall maintain a reasonable selection of core investment options with characteristics similar to those listed in Schedule B.
CONTRACT AND PROGRAM CHANGES. A. The CEDING COMPANY may amend, substitute, add or delete variable investment funds to the investment options supporting the annuity contract as described in the contract general provisions. No such change will be made by the CEDING COMPANY without prior notification to the REINSURER and without the prior approval of the Securities and Exchange Commission, if necessary. The CEDING COMPANY agrees to maintain at all times a satisfactory selection of core investment options with characteristics similar to those listed in Schedule B.
CONTRACT AND PROGRAM CHANGES. A. The Cedent shall give the Reinsurer thirty (30) days prior written notice, unless otherwise agreed to by the Cedent and the Reinsurer, of any changes to the Reinsured Contracts relating to a Cedent's annuity product design and/or death benefit design, fees and charges, distribution systems and/or methods or addition of any riders to any Reinsured Contract forms.
CONTRACT AND PROGRAM CHANGES. A. The CEDING COMPANY may amend, substitute, add or delete variable investment funds to the investment options supporting the annuity contract as described in the contract general provisions. No such change shall be made by the CEDING COMPANY without PRIOR notification to the REINSURER and without changes being declared effective by the Securities and Exchange Commission (SEC), if necessary. The REINSURER will approve or disapprove of the fund change within fifteen (15) working days of the date on which they receive notification. The CEDING COMPANY agrees to maintain at all times a satisfactory selection of core investment options with overall risk profile characteristics similar to those listed in Schedule B at inception of the Agreement. As long as this is the case, the REINSURER will approve such fund changes within fifteen (15) working days of receiving such notification. Should any such change result in a material change in the underlying risk, the REINSURER shall have the right to modify, for that product line only, any of the terms of this Agreement in order to restore, to the extent possible, the risk profile of the business reinsured hereunder to its original position when priced by the REINSURER. The REINSURER shall within fifteen (15) working days of the date on which notification was received, provide the CEDING COMPANY with notice of its intent to revise the terms of this Agreement. The CEDING COMPANY shall have the right to approve or disapprove of the changes proposed by the REINSURER. If both parties are not able to reach a mutually satisfactory agreement on revised terms, then notwithstanding Article IX, the CEDING COMPANY shall have the right of immediate termination of this Agreement for new and inforce business affected by the change. The CEDING COMPANY shall provide the REINSURER with written notification of its intent to terminate. The date of termination shall be the date that the revised terms would have become effective.
CONTRACT AND PROGRAM CHANGES. A. The Cedent may amend, substitute, add or delete variable investment funds to the investment options supporting the annuity contracts as described in the contract general provisions. The Retrocedent however, shall require of the Cedent that no such change shall be made without prior notification to the Retrocedent, which notification shall be promptly forwarded to the Retrocessionaire, and without the prior approval of the Securities and Exchange Commission (SEC) or applicable self-regulatory body approval, if necessary. The Retrocedent shall contractually require the Cedent to provide thirty (30) days prior written notice, unless otherwise agreed to by the Retrocedent and the Retrocessionaire, of any proposed change in the investment options supporting Reinsured Contracts. The Retrocedent shall require that the Cedent shall maintain a reasonable selection of core investment options with characteristics similar to those listed in Schedule B.
CONTRACT AND PROGRAM CHANGES. 1. The Company may amend, substitute, add or delete separate accounts or underlying investment funds to the annuity contract as described in the contract general provisions. No such change will be made by the Company without prior notification to North American Re and without the prior approval of the Securities and Exchange Commission. The Company agrees to maintain at all times a selection of core sub-accounts with investment objectives and policies similar to those listed in Exhibit B.
AutoNDA by SimpleDocs
CONTRACT AND PROGRAM CHANGES. 20 Article XVI. Confidentiality ........................................... 22 Article XVII.
CONTRACT AND PROGRAM CHANGES. A. The CEDING COMPANY may not amend, substitute, add or delete variable investment funds to the investment options supporting the variable annuity contracts identified in Schedule A without ninety (90) days advance written notice to the REINSURER and without the prior approval of the Securities and Exchange Commission (SEC), if necessary and the REINSURER. REINSURER's approval shall not be unreasonably withheld. The CEDING COMPANY agrees to maintain at all times a satisfactory selection of core investment options with characteristics similar to those listed in Schedule B. REINSURER shall have no liability under this Agreement for a variable investment fund until REINSURER's assent is evidenced in a written amendment to this Agreement that has been signed by both parties.
CONTRACT AND PROGRAM CHANGES. 1. [REDACTED]
Time is Money Join Law Insider Premium to draft better contracts faster.