Common use of THE SEPARATE ACCOUNT Clause in Contracts

THE SEPARATE ACCOUNT. The Separate Account is identified in the Contract Schedule. It is a separate investment account of ML Life Insurance Company of New York. With respect to the Separate Account, income, gains, and losses, whether or not realized, from assets allocated to the Separate Account are credited to or charged against the Separate Account without regard to other income, gains, or losses of the Company. Assets allocated to the Separate Account remain our property but are separate from our general account and any other separate accounts we may have. Separate Account assets, to the extent equal to the Separate Account's reserves and other liabilities, may not be charged with liabilities from any other business we conduct. We reserve the right to transfer any excess to our general account.

Appears in 3 contracts

Samples: Annuity Contract (Ml of New York Variable Annuity Separate Account A), Annuity Contract (Ml of New York Variable Annuity Separate Account C), Annuity Contract (Ml of New York Variable Annuity Separate Account A)

AutoNDA by SimpleDocs

THE SEPARATE ACCOUNT. The Separate Account is identified in the Contract Schedule. It is a separate investment account of ML Xxxxxxx Xxxxx Life Insurance Company of New YorkCompany. With respect to the Separate Account, income, gains, and losses, whether or not realized, from assets allocated to the Separate Account are credited to or charged against the Separate Account without regard to other income, gains, or losses of the Company. Assets allocated to the Separate Account remain our property but are separate from our general account and any other separate accounts we may have. Separate Account assets, to the extent equal to the Separate Account's reserves and other liabilities, may not be charged with liabilities from any other business we conduct. We reserve the right to transfer any excess to our general account.

Appears in 3 contracts

Samples: Ira Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account D), Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account C), Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account A)

THE SEPARATE ACCOUNT. The Separate Account is identified in on the Contract Schedule. It is a separate investment account of ML Xxxxxxx Xxxxx Life Insurance Company of New YorkCompany. With respect to the Separate Account, income, gains, and losses, whether or not realized, from assets allocated to the Separate Account are credited to or charged against the Separate Account without regard to Our other income, gains, or losses of the Companylosses. Assets allocated to the Separate Account remain our Our property but are separate from our Our general account and any other separate accounts we We may have. Separate Account assets, to the extent equal to the Separate Account's reserves and other liabilities, may not be charged with liabilities from any other business we We conduct. We reserve the right to transfer any amount in excess of the Separate Account's reserves and liabilities to our general account.

Appears in 2 contracts

Samples: Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account A), Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account A)

AutoNDA by SimpleDocs

THE SEPARATE ACCOUNT. The Separate Account is identified in the Contract Schedule. It is a separate investment account of ML Life Merrxxx Xxxcx Xxxe Insurance Company of New YorkCompany. With respect to the Separate Account, income, gains, and losses, whether or not realized, from assets allocated to the Separate Account are credited to or charged against the Separate Account without regard to other income, gains, or losses of the Company. Assets allocated to the Separate Account remain our property but are separate from our general account and any other separate accounts we may have. Separate Account assets, to the extent equal to the Separate Account's reserves and other liabilities, may not be charged with liabilities from any other business we conduct. We reserve the right to transfer any excess to our general account.

Appears in 1 contract

Samples: Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account A)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!