Liability of Insurer. The Insurer shall not be responsible for any act or omission of the Trustee with respect to its use of the Policy. Neither the Insurer nor any of its officers, directors or employees shall be liable or responsible for: (a) the use which may be made of the Policy by or for any acts or omissions of the Trustee in connection therewith; or (b) the validity, sufficiency, accuracy or genuineness of documents, or of any endorsement(s) thereon, submitted by any person in connection with a claim under the Policy, even if such documents should in fact prove to be in any or all respects invalid, insufficient, fraudulent or forged, unless the Insurer has actual knowledge thereof. In furtherance and not in limitation of the foregoing, the Insurer may accept documents that appear on their face to be in order, without responsibility for further investigation.
Liability of Insurer. No Insurer shall be a party to this Agreement. With respect to any Policy of insurance issued pursuant to this Agreement, the issuing Insurer shall have no liability except as set forth in the Policy. Such Insurer shall not be bound to inquire into or take notice of any of the covenants herein contained as to policies of life insurance, or as to the application of the proceeds of such policies. The Insurer shall be discharged from all liability in making payments of the proceeds and in permitting rights and privileges under a Policy to be exercised pursuant to the provisions of the Policy.
Liability of Insurer. The Insurer is not a party to this Agreement and shall have no liability except as set forth in the Policy.
Liability of Insurer. Article 25
Liability of Insurer. 16 Section 4.06. Subrogation..................................................16 Section 4.07.
Liability of Insurer. The Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy's death benefits to the beneficiary or beneficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer be considered a party to this Agreement, or to any modification or amendment hereof. No provision in this Agreement shall be construed as enlarging, changing, varying, or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar as the provisions hereof are made parts of the Policy by the beneficiary designations executed by the Bank and filed with the Insurer in connection herewith.
Liability of Insurer. The Insurer shall not be responsible for any act or omission of the Securities Administrator or the Trustee with respect to its use of the Policy. Neither the Insurer nor any of its officers, directors or employees shall be liable or responsible for: (a) the use which may be made of the Policy by or for any acts or omissions of the Securities Administrator or the Trustee in connection therewith; or (b) the validity, sufficiency, accuracy or genuineness of documents or of any endorsement(s) thereon, submitted by any person in connection with a claim under the Policy, even if such documents should in fact prove to be in any or all respects invalid, insufficient, fraudulent or forged, unless the Insurer has actual knowledge thereof. In furtherance and not in limitation of the foregoing, the Insurer may accept documents that appear on their face to be in order, without responsibility for further investigation.
Liability of Insurer. It is understood by the parties to this Agreement that in issuing policies of insurance pursuant to this Agreement, Principal Life Insurance Company shall have no liability except as set forth in the policies. Said Insurer shall not be bound to inquire into or take notice of any of the covenants herein contained as to policies of insurance, or as to the application of the proceeds of such policies. Rights under a policy may be exercised during the life of the Insured pursuant to the provisions of the policy. Upon payment by said Insurer pursuant to the terms of any policy, the Insurer shall be discharged from all liability without regard to this Agreement or any amendment thereto.
Liability of Insurer. 15 Section 4.06. Subrogation.......................................................................................15 Article V DEFAULTS; REMEDIES
Liability of Insurer. The Insurer shall be bound only by the provisions of and endorsements on the Policy, and any payments made or action taken by it in accordance therewith shall fully discharge it from all claims, suits and demands of all persons whatsoever. The Insurer shall be entitled to rely exclusively on a statement by the Employer as to the determination of the parties' respective interests in the Policy. The Insurer shall in no way be bound by or be deemed to have notice of the provisions of this Agreement.
