MARKET TIMERS Clause Samples

MARKET TIMERS. 7.1 LIFE COMPANY will develop, implement and maintain policies and procedures to discourage use of the Separate Accounts by market timers in consultation with TRUST. If LIFE COMPANY proposes to modify such policies and procedures following their implementation, LIFE COMPANY will first discuss its proposal with TRUST and will not modify such policies and procedures so as to make them less effective in deterring short-term redemptions without TRUST's written consent. 7.2 LIFE COMPANY will develop, implement and maintain procedures as necessary or applicable to further any market timing policies and procedures established by a Portfolio. 7.3 If a Portfolio or TRUST advises LIFE COMPANY that a pattern or patterns of transactions involving short-term trading in one or more Separate Accounts is having an adverse effect on the Portfolio, LIFE COMPANY will promptly develop and implement mutually acceptable policies and procedures to prevent such trading. The parties hereto acknowledge that, if necessary, such policies and procedures may include the identification of Separate Account participants engaged in such short-term trading and the imposition of complete or partial restrictions on their requests to purchase certain Shares. 7.4 LIFE COMPANY will monitor Separate Account participant activity in the Separate Accounts to control short-term trading and market-timing activity, and to further each Portfolio's policies regarding such trading activity. 7.5 LIFE COMPANY will be liable for all reasonable costs of canceling Separate Account participant trades that have violated, or that TRUST suspects may have violated, a Portfolio's policies regarding short-term trading or market timing activities.

MARKET TIMERS. In the event that active traders or market timers become a problem for the Funds in the Company's contracts, the parties will negotiate in good faith to develop a solution. Possible solutions include, but are not limited to, limiting the size of purchase orders placed by such contract owners or participants or prohibiting the same from investing in some or all of the Funds.

MARKET TIMERS. 7.1 LIFE COMPANY will develop, implement and maintain policies and procedures to discourage use of the Separate Accounts by market timers in consultation with TRUST. If LIFE COMPANY proposes to modify such policies and procedures following their implementation, LIFE COMPANY will first discuss its proposal with TRUST and will not modify such policies and procedures so as to make them less effective in deterring short-term redemptions without TRUST's written consent.

MARKET TIMERS. 7.1 If a Portfolio or TRUST advises LIFE COMPANY that a pattern or patterns of transactions involving short-term trading in one or more Separate Accounts is having an adverse effect on the Portfolio, LIFE COMPANY will promptly develop and implement mutually acceptable policies and procedures to prevent such trading in accordance with the provisions of the TRUST's prospectus and statement of additional information. The parties hereto acknowledge that, if necessary, such policies and procedures may include the identification of Separate Account participants engaged in such short-term trading and the imposition of complete or partial restrictions on their requests to purchase certain Shares.

MARKET TIMERS. 7.1 If a Portfolio or TRUST advises LIFE COMPANY that a pattern or patterns of transactions involving short-term trading in one or more Separate Accounts is having an adverse effect on the Portfolio, LIFE COMPANY will promptly develop and implement mutually acceptable policies and procedures to prevent such trading. The parties hereto acknowledge that, if necessary, such policies and procedures may include the identification of Separate Account participants engaged in such short-term trading and the imposition of complete or partial restrictions on their requests to purchase certain Shares. 7.2 LIFE COMPANY agrees, subject to any review by federal or state regulators, to disclose in its prospectus that orders for the purchase or redemption of Shares are subject to acceptance by the TRUST, and that LIFE COMPANY reserves the right to reject, without prior notice, any transfer request if the purchase of Shares is not accepted for any reason.

MARKET TIMERS. 7.1 LIFE COMPANY represents that it has a policy set forth in its Separate Account prospectuses to discourage use of the Separate Accounts by market timers. 7.2 LIFE COMPANY will work with the TRUST as necessary or applicable to further any market timing policies and procedures established by a Portfolio. 7.3 If a Portfolio or TRUST advises LIFE COMPANY that a pattern or patterns of transactions involving short-term trading in one or more Separate Accounts is having an adverse effect on the Portfolio, LIFE COMPANY will investigate to determine whether the pattern results from market timing. If LIFE COMPANY and TRUST conclude that Variable Contract owners are engaging in market timing, LIFE COMPANY will avail itself of all steps available under the Variable Contracts to prevent market timing. Such steps may include the identification of Separate Account participants engaged in such short-term trading and the imposition of complete or partial restrictions on their requests to purchase certain Shares. 7.4 LIFE COMPANY will monitor Separate Account participant activity in the Separate Accounts to control short-term trading and market-timing activity, and to further each Portfolio's policies regarding such trading activity. 7.5 LIFE COMPANY will be liable for all reasonable costs of canceling Separate Account participant trades that have violated, or that TRUST suspects may have violated, a Portfolio's policies regarding short-term trading or market timing activities.

MARKET TIMERS. 7.1 LIFE COMPANY will develop, implement and maintain policies and procedures to discourage use of the Separate Accounts by market timers as discussed in each Portfolio's then current prospectus in consultation with TRUST. Following their implementation, LIFE COMPANY will not modify such policies and procedures so as to make them less effective in deterring short-term redemptions, except on providing one (1) month advance notice to the TRUST. 7.2 If a Portfolio or TRUST advises LIFE COMPANY that a pattern or patterns of transactions involving short-term trading as discussed in each Portfolio's then current prospectus in one or more Separate Accounts is having an adverse effect on the Portfolio, LIFE COMPANY will promptly develop and implement policies and procedures to prevent such trading. The parties hereto acknowledge that, if necessary, such policies and procedures may include the identification of Separate Account participants engaged in such short-term trading and the imposition of restrictions on their requests to purchase certain Shares. 7.3 LIFE COMPANY will monitor Separate Account activity to further its policies regarding market timing activity.