Common use of OFAC Compliance Clause in Contracts

OFAC Compliance. Administrator shall not process any premium payment or pay any claim with respect to the Covered Insurance Policies if such actions are prohibited under any Applicable Law, including regulations promulgated by the Office of Foreign Assets Control of the U.S. Treasury Department implementing U.S. economic and trade sanctions against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in the proliferation of weapons of mass destruction.

Appears in 6 contracts

Samples: Administrative Services Agreement (Equitable America Variable Account L of Equitable Financial Life Insurance Co of America), Administrative Services Agreement (Equitable America Variable Account a of Equitable Financial Life Insurance Co of America), Administrative Services Agreement (Equitable America Variable Account L of Equitable Financial Life Insurance Co of America)

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OFAC Compliance. The Administrator shall not process any premium payment or pay any claim with respect to the Covered Insurance Policies Reinsured Contracts if such actions are prohibited under any Applicable Law, including regulations promulgated by the Office of Foreign Assets Control of the U.S. Treasury Department implementing U.S. economic and trade sanctions against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in the proliferation of weapons of mass destruction.. DISASTER RECOVERY

Appears in 3 contracts

Samples: Administrative Services Agreement by And (Lincoln Life Flexible Premium Variable Life Account LMB-V), Administrative Services Agreement by And (Lincoln Life Variable Annuity Account LMB-K), Administrative Services Agreement by And (Lincoln Life Flexible Premium Variable Life Account LMB-V)

OFAC Compliance. The Administrator shall not process any premium payment or pay any claim with respect to the Covered Insurance Policies any Reinsured Contract if such actions are prohibited under any Applicable applicable Law, including regulations promulgated by the Office of Foreign Assets Control of the U.S. Treasury Department implementing U.S. economic and trade sanctions against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in the proliferation of weapons of mass destruction.

Appears in 2 contracts

Samples: Administrative Services Agreement (Merit Life Insurance Co.), Administrative Services Agreement (Merit Life Insurance Co.)

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OFAC Compliance. The Administrator shall not process any premium payment or pay any claim with respect to the Covered Insurance Reinsured Policies if such actions are prohibited under any Applicable Law, including regulations promulgated by the Office of Foreign Assets Control of the U.S. Treasury Department implementing U.S. economic and trade sanctions against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in the proliferation of weapons of mass destruction.

Appears in 1 contract

Samples: Administrative Services Agreement (CNO Financial Group, Inc.)

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