Notice to Policyholders. The Surviving Corporation will mail to each policyholder of NLICA a Company Merger Endorsement whereby the policyholders of NLICA will be notified of the Merger and advised that NLIC, as the Surviving Corporation, has all liability for each such policy. Such endorsements will be mailed within 45 days of the later to occur of (a) the Effective Time, or (h) the date the endorsement form receives all necessary approval from the insurance regulatory authorities of any states, if any, which may require such prior approval. The Constituent Corporations may also engage in alternative methods of policyholder notification where such alternative methods are necessary to comply with notification requirements under the insurance laws of a particular jurisdiction.
Appears in 12 contracts
Samples: Merger Agreement (Nationwide Provident Vli Separate Account 1), Merger Agreement (Nationwide Provident Vli Separate Account 1), Merger Agreement (Nationwide Provident Va Separate Account 1)
Notice to Policyholders. The Surviving Corporation will mail to each policyholder of NLICA NLACA a Company Merger Endorsement whereby the policyholders of NLICA NLACA will be notified of the Merger and advised that NLICNLAIC, as the Surviving Corporation, has all liability for each such policy. Such endorsements will be mailed within 45 days of the later to occur of (a) the Effective Time, or (hb) the date the endorsement form receives all necessary approval from the insurance regulatory authorities of any states, if any, which may require such prior approval. The Constituent Corporations may also engage in alternative methods of policyholder notification where such alternative methods are necessary to comply with notification requirements under the insurance laws of a particular jurisdiction.
Appears in 9 contracts
Samples: Plan and Agreement of Merger (Nationwide Provident Vli Separate Account A), Plan and Agreement of Merger (Nationwide Provident Vli Separate Account A), Plan and Agreement of Merger (Nationwide Provident Vli Separate Account A)
Notice to Policyholders. The Surviving Corporation will mail to each policyholder of NLICA a Company Merger Endorsement whereby the policyholders of NLICA will be notified of the Merger and advised that NLIC, as the Surviving Corporation, has all liability for each such policy. Such endorsements will be mailed within 45 days of the later to occur of (a) the Effective Time, or (hb) the date the endorsement form receives all necessary approval from the insurance regulatory authorities of any states, if any, which may require such prior approval. The Constituent Corporations may also engage in alternative methods of policyholder notification where such alternative methods are necessary to comply with notification requirements under the insurance laws of a particular jurisdiction.
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