Interest on Benefit Payments. Any benefit payment We make under Section 6.2 that is not made within 10 Business Days of the receipt in Good Order of a request for such payment will be credited with interest in the same rate and manner as provided in Section 3.2, or as required by state insurance or Federal securities law. We reserve the right to credit interest on benefit payments paid within 10 Business Days for all Contractholders within this class of contracts.
Appears in 2 contracts
Samples: Prudential Discovery Premier Group Variable Contract Account, Prudential Discovery Premier Group Variable Contract Account
Interest on Benefit Payments. Any benefit payment We we make under Section 6.2 that is not made within 10 Business Days of the receipt in Good Order of a request for such payment will be credited with interest in the same rate and manner as provided in Section 3.2, 3.3 or as required by state insurance or Federal securities law. We reserve the right to credit interest on benefit payments paid within 10 Business Days for all Contractholders within this class of contracts.
Appears in 2 contracts
Samples: Prudential Discovery Select Group Variable Contract Acct, Prudential Discovery Select Group Variable Contract Acct
Interest on Benefit Payments. Any benefit payment We we make under Section 6.2 that is not made within 10 Business Days of the receipt in Good Order of a request for such payment will be credited with interest in the same rate and manner as provided in Section 3.23.3, or as required by state insurance or Federal securities law. We reserve the right to credit interest on benefit payments paid within 10 Business Days for all Contractholders within this class of contracts.
Appears in 1 contract
Samples: Prudential Discovery Select Group Variable Contract Acct