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