Rights of Policyholders. Any policyholder holding a policy issued by A.I. Life prior to the termination of this Agreement shall have the right to demand that A.I. Life enforce A.I. Life's rights under paragraphs 1, 2 and 3 of this Agreement, and, if A.I. Life fails or refuses to take timely action to enforce such rights or if A.I. Life defaults in any claim or other payment owed to any such policyholder when due, such policyholder may proceed directly against AIG to enforce A.I. Life's rights under paragraphs 1, 2 and 3 of this Agreement.
Appears in 4 contracts
Samples: Agreement (Variable Account B American Intl Life Assur Co of New York), Agreement (Variable Account B American Intl Life Assur Co of New York), Agreement (Variable Account a American Intl Life Assur Co of New York)
Rights of Policyholders. Any policyholder holding a policy issued by ----------------------- A.I. Life prior to the termination of this Agreement shall have the right to demand that A.I. Life enforce A.I. Life's rights under paragraphs 1, 2 and 3 of this Agreement, and, if A.I. Life fails or refuses to take timely action to enforce such rights or if A.I. Life defaults in any claim or other payment owed to any such policyholder when due, such policyholder may proceed directly against AIG to enforce A.I. Life's rights under paragraphs 1, 2 and 3 of this Agreement.
Appears in 1 contract
Samples: Variable Account B American Intl Life Assur Co of New York
