Right To Defer A Payment, Transfer, Or Withdrawal. 1. We will generally make any cash payment within seven (7) days after receipt of a request in good order. Transfers generally will be effected as of the date a proper request is received at our Home Office. 2. We may defer payments and transfers from the Variable Account as permitted by the Investment Company Act of 1940 and regulations and interpretations thereunder, as in effect at the time a request for withdrawal or transfer is received. 3. We reserve the right to defer any payment or transfer from the Fixed Account for a period not to exceed 6 months after a request is received. 4. Transfers (and withdrawals) from the Fixed Account may be subject to a Market Value Adjustment.
Appears in 4 contracts
Samples: Group Variable Annuity Contract (Standard Insurance Co), Group Variable Annuity Contract (Standard Insurance Co), Group Variable Annuity Contract (Standard Insurance Co)
