Common use of NAMING AND CHANGING A SUCCESSOR OWNER Clause in Contracts

NAMING AND CHANGING A SUCCESSOR OWNER. If the Owner is not the Insured, the Owner may name or change a successor owner. A successor owner becomes the new owner upon the Owner’s death. Naming or changing a successor owner will be made upon receipt at the Home Office of a written request that is acceptable to the Company, including any required information about the successor owner. The request will then take effect as of the date that it was signed by all parties unless otherwise specified by the Owner.

NAMING AND CHANGING A SUCCESSOR OWNER. If the Owner is not the Insured, the Owner may name or change a successor owner. A successor owner becomes who will be- come the new owner upon the Owner’s 's death. Naming or changing a successor owner will be made effective upon receipt at the Home Office of a written request that is acceptable to the Company, including any required information about the successor suc- cessor owner. The request will then take effect as of the date that it was signed by all parties unless otherwise specified by the Owner.