Common use of Manual Purchase and Redemption Clause in Contracts

Manual Purchase and Redemption. 3.3.1 You are hereby appointed as our designee for the sole purpose of receiving from Contract owners purchase and exchange orders and requests for redemption resulting from investment in and payments under the Contracts that pertain to subaccounts that invest in Portfolios (“Instructions”). “

Appears in 4 contracts

Samples: Participation Agreement (PLAIC Variable Annuity Account S), Participation Agreement (Protective Variable Annuity Separate Account), Participation Agreement (PLICO Variable Annuity Account S)

AutoNDA by SimpleDocs

Manual Purchase and Redemption. 3.3.1 You are hereby appointed as our designee for the sole purpose of receiving from Contract owners purchase and exchange orders and requests for redemption resulting from investment in and payments under the Contracts that pertain to subaccounts that invest in Portfolios ("Instructions"). "

Appears in 1 contract

Samples: Participation Agreement (Horace Mann Life Insurance Co Separate Account)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!