Common use of Customer Claims Clause in Contracts

Customer Claims. The Company shall provide all services relating to claims made under the Contracts, including investigation, adjustment, and defense of claims, and shall make all payments relating to the Contracts, including payments representing claims, Contract loans, full and partial surrenders, and amounts paid under Contract settlement options. The Company shall retain ultimate authority for adjustments and claim payments, which payments shall be final and conclusive.

Appears in 6 contracts

Sources: Distribution Agreement (Separate Account Vul 2 of Transamerica Occidental Life Ins), Distribution Agreement (Separate Acct Vul 5 of Transamerica Occidental Life Ins Co), Distribution Agreement (Sep Acct Vl 2 of Transamerica Occidental Life Insurance Co)