Rights of Policyholders. Any policyholder holding a policy issued by Subsidiary prior to the termination of this Agreement shall have the right to demand that Subsidiary enforce Subsidiary's rights under paragraphs 1, 2 and 3 of this Agreement, and, if Subsidiary fails or refuses to take timely action to enforce such rights or Subsidiary defaults in any claim or other payment owed to any such policyholder when due, such policyholder may proceed directly against AIG to enforce Subsidiary's rights under paragraphs 1, 2 and 3 of this Agreement.
Appears in 5 contracts
Samples: Agreement Between American (Fs Variable Annuity Account Five), Agreement Between American (Variable Annuity Account Seven), Variable Annuity Account One of Anchor National Life Ins Co
Rights of Policyholders. Any policyholder holding a policy issued by Subsidiary prior to the termination of this Agreement shall have the right to demand that Subsidiary enforce Subsidiary's ’s rights under paragraphs 1, 2 and 3 of this Agreement, and, if Subsidiary fails or refuses to take timely action to enforce such rights or Subsidiary defaults in any claim or other payment owed to any such policyholder when due, such policyholder may proceed directly against AIG to enforce Subsidiary's ’s rights under paragraphs 1, 2 and 3 of this Agreement.
Appears in 4 contracts
Samples: Agreement (Aig Sunamerica Life Assurance Co), Agreement Between American (First Sunamerica Life Insurance Co), Agreement (Fs Variable Annuity Account Nine)
