Common use of DEFERMENT OF PAYMENTS Clause in Contracts

DEFERMENT OF PAYMENTS. The Company may defer payment from a Fixed Account Option for a period not exceeding six (6) months. Deferral for the six (6) month period will be made only if We make a written request and receive written approval from the regulatory official of the State of New York. Interest pursuant to New York law will be credited during such deferred period.

Appears in 6 contracts

Samples: Jnlny Separate Account I, Jnlny Separate Account I, Jnlny Separate Account I

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