Common use of Owner Rights Clause in Contracts

Owner Rights. Unless otherwise stated in this contract, You may exercise all rights and privileges provided in this contract or allowed by Us. If two Owners jointly own this contract, each Owner may independently exercise transfers among the various account options and designate purchase payment allocations. Unless agreed to by Us, all other terms, conditions, rights and requirements that apply to an Owner under this contract shall apply jointly to each joint Owner named.

Appears in 6 contracts

Samples: Deferred Annuity Contract (Riversource of New York Variable Annuity Account), Deferred Annuity Contract (Riversource Variable Account 10), Deferred Annuity Contract (Riversource of New York Variable Annuity Account)

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Owner Rights. Unless otherwise stated in this contract, You may exercise all rights and privileges provided in this contract or allowed by Us. If two Owners jointly own this contract, each Owner may independently exercise transfers among the various account options options, subject to the limits in the Transfer of Contract Value provision, and designate purchase payment allocations. Unless agreed to by Us, all other terms, conditions, rights and requirements that apply to an Owner under this contract shall apply jointly to each joint Owner named.

Appears in 2 contracts

Samples: Deferred Variable Annuity Contract (Riversource of New York Variable Annuity Account), Deferred Variable Annuity Contract (Riversource of New York Variable Annuity Account)

Owner Rights. Unless otherwise stated in this contract, You may exercise all rights and privileges provided in this contract or allowed by Us. If two Owners jointly own this contract, each Owner may independently exercise transfers among the various account options options, subject to the limits in the Transfer of Contract Value provision, and designate purchase payment allocations. Unless agreed to by Us, all other terms, conditions, rights and requirements that apply to an Owner under this contract shall apply jointly to each joint Owner named.

Appears in 2 contracts

Samples: Deferred Variable Annuity Contract (Riversource Variable Account 10), Deferred Variable Annuity Contract (Riversource Variable Account 10)

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Owner Rights. Unless otherwise stated in this contract, You may exercise all rights and privileges provided in this contract or allowed by Us. If two Owners jointly own this contract, each Owner may independently exercise transfers among the various account options and designate purchase payment allocationsoptions, subject to the limits in the Transfer of Contract Value provision. Unless agreed to by Us, all other terms, conditions, rights and requirements that apply to an Owner under this contract shall apply jointly to each joint Owner named.

Appears in 1 contract

Samples: Deferred Annuity Contract (Riversource Life Insurance Co)

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