Common use of Investment Processing Clause in Contracts

Investment Processing. You must complete all investment transactions, including all communications and instructions, through your HSA website account. You may use your HSA website account to place orders for the purchase and sale of mutual funds or other investments we make available. You hereby authorize and direct us to accept such investment instructions from your HSA website account, to pay for mutual fund share purchases from your HSA, and to transfer proceeds from the sale of mutual fund shares to your Cash Account. (1) Business Day from receipt of complete and accurate Instructions. Your investment instructions received will be delayed one (1) Business Day if there are pending auto-investment transfers or one-time transfers. It is your responsibility to determine market holidays and when there is an early market closing, which would cause your investment instructions to be processed on the following Business Day. You agree that we rely only on instructions received through your HSA website account, and we have no duty to investigate any instructions. Our obligation to execute your instruction is contingent upon the determination that the instruction can be administered and the instructions have followed our procedures. Your investment instructions may be delayed at our discretion due to pending investment activity. Neither we, your HSA Administrator, nor the Financial Advisor to your HSA Administrator will provide you investment advice, or select or recommend mutual funds or other investments options for you. Neither we, your HSA Administrator, nor the Financial Advisor to your HSA Administrator will question whether an investment you select is appropriate or suitable for you. You agree that we will not be liable for any investment losses. A Financial Advisor may assume responsibility for rendering investment advice with respect to your HSA, and may offer an opinion or judgment to you on matters concerning the value or suitability of any investment or proposed investment for your HSA, only if you and the Financial Advisor enter into a separate agreement to provide investment advice to you. Investment transactions for your HSA will not be processed until we receive the funds to be invested and the instruction in proper form, and have established that all mutual funds selected for the Default Portfolio are eligible for trading through our broker-dealer trading partner. We are not responsible if a Financial Advisor or your HSA Administrator makes an incomplete or incorrect list of mutual funds available for investment in the Default Portfolio. Investment transactions will be processed either as soon as administratively practicable or on the scheduled date for processing. You are solely responsible for managing the investments in your HSA and for communicating investment instructions through your HSA website account. All instructions received from your HSA website account shall be deemed to have been authorized by you.

Investment Processing. You must complete all investment transactions, including all communications and instructions, through your HSA website account. You may use your HSA website account to place orders for the purchase and sale of mutual funds or other investments we make available. You hereby authorize and direct us to accept such investment instructions from your HSA website account, to pay for mutual fund share purchases from your HSA, and to transfer proceeds from the sale of mutual fund shares to your Cash Account. (1) Business Day from receipt of complete and accurate Instructions. Your investment instructions received will be delayed one (1) Business Day if there are pending auto-investment transfers or one-time transfers. It is your responsibility to determine market holidays and when there is an early market closing, which would cause your investment instructions to be processed on the following Business Day. You agree that we rely only on instructions received through your HSA website account, and we have no duty to investigate any instructions. Our obligation to execute your instruction is contingent upon the determination that the instruction can be administered and the instructions have followed our procedures. Your investment instructions may be delayed at our discretion due to pending investment activity. Neither we, your HSA Administrator, we nor the Financial Advisor to your HSA Administrator will provide you investment advice, or select or recommend mutual funds or other investments options for you. Neither we, your HSA Administrator, we nor the Financial Advisor to your HSA Administrator will question whether an investment you select is appropriate or suitable for you. You agree that we will not be liable for any investment losses. A Financial Advisor may assume responsibility for rendering investment advice with respect to your HSA, and may offer an opinion or judgment to you on matters concerning the value or suitability of any investment or proposed investment for your HSA, only if you and the Financial Advisor enter into a separate agreement to provide investment advice to you. Investment transactions for your HSA will not be processed until we receive the funds to be invested and the instruction in proper form, and have established that all mutual funds selected for the Default Portfolio are eligible for trading through our broker-dealer trading partner. We are not responsible if a Financial Advisor or your HSA Administrator makes an incomplete or incorrect list of mutual funds available for investment in the Default Portfolio. Investment transactions will be processed either as soon as administratively practicable or thereafter or, if later, on the scheduled date for processing. You are solely responsible for managing the investments in your HSA and for communicating investment instructions through your HSA website account. All instructions received from your HSA website account shall be deemed to have been authorized by you.