Market Timer Program. Insurer has available a Market Timer Program which allows a market timer service to effect multiple transfers or other transactions. Parties may use this program at the discretion of Insurer and upon execution of a Market Timer Agreement. Among other provisions, the Market Timer Agreement specifies that if the impact of processing exchange transactions received from all outside sources is deemed to be injurious to one of the separate accounts or a subaccount thereof, then Insurer in its sole discretion may elect not to process the exchanges and that Insurer will notify the Market Timer Service of the inability to process the requested exchange. Insurer reserves the right to terminate participation in or the entire Market Timer Program at any time and for any reason.
Appears in 6 contracts
Samples: Selling Agreement (Variable Separate Account Nine), Selling Agreement (Variable Annuity Account One of First Sunamerica Life Ins Co), Selling Agreement (Variable Separate Account of Anchor National Life Insur Co)
