Deferment of Payment. If a lump sum or cash withdrawal is to be paid from the Separate Account, payment will be made within seven calendar days from the date the election becomes effective. We may defer payment in cases where the New York Stock Exchange is closed or trading has been restricted by the SEC, or when the SEC allows us to defer payments in order to protect our Contract Owners. Contract Amendment We will amend this Contract from time to time in cases where we are acting to comply with the United States Internal Revenue Code and/or regulations of the United States Treasury Department, or are acting to maintain the tax-deferred status of this Contract, pursuant to those provisions or regulations. Rights Reserved by the Company Subject to any required approval by the SEC, the Missouri Department of Insurance, and any other regulatory authority, we reserve the right to take certain actions. These actions include:
Appears in 7 contracts
Samples: Separate Account Va Cc, Separate Account Va Cc, Separate Account Va Cc
