Common use of VARIABLE ACCOUNT PROVISIONS Clause in Contracts

VARIABLE ACCOUNT PROVISIONS. SUBACCOUNT VALUE - The Subaccount Value is determined by multiplying the number of Accumulation Units allocated to this Contract for that Subaccount by the Accumulation Unit Value for that Subaccount. Withdrawals will result in the cancellation of Accumulation Units in a Subaccount. THE VARIABLE ACCOUNT - The Variable Account is designated on the Data Page. Variable Account assets are set aside by Cova and are kept separate from Cova's General Account assets and other separate account assets. The Variable Account assets equal to reserves and other liabilities will not be charged with liabilities arising out of any other business of Cova. INVESTMENTS OF THE VARIABLE ACCOUNT - Net Purchase Payments applied to the Variable Account are allocated to a Subaccount. The assets of a Subaccount are allocated to the Investment Option(s) and Portfolio(s), if any, within the Variable Account. Cova may from time to time add additional Investment Option(s) or Portfolio(s). You may be permitted to transfer Subaccount Values or allocate Purchase Payments to the additional Investment Option(s) or Portfolio(s), however, the right to make any transfer or allocation will be limited by the terms and conditions imposed by Cova. If the shares of an Investment Option or a Portfolio within an Investment Option become unavailable for investment by the Variable Account or Cova's Board of Directors deems further investment in these shares inappropriate, Cova may limit further purchase of the shares or substitute shares of another eligible Investment Option or Portfolio for shares already purchased under this Contract. VALUATION OF ASSETS - Assets of the Variable Account are valued at their fair market value in accordance with applicable law. ACCUMULATION UNIT - Accumulation Units are used to account for all amounts allocated to or withdrawn from a Subaccount as a result of Net Purchase Payments, withdrawals, transfers, fees and charges. Cova will determine the number of Accumulation Units of a Subaccount purchased or canceled by dividing the amount allocated to (or the amount withdrawn from) the Subaccount by the dollar value of one Accumulation Unit of the Subaccount as of the Business Day during which the request for a transaction is received at the Service Office. ACCUMULATION UNIT VALUE - The Accumulation Unit Value for each Subaccount was arbitrarily set initially. The Accumulation Unit Value for any later Business Day is determined by subtracting (b) from (a) and dividing the result by (c) where:

VARIABLE ACCOUNT PROVISIONS. SUBACCOUNT VALUE - The Subaccount Value is determined by multiplying the number of Accumulation Units allocated to this Contract for that Subaccount by the Accumulation Unit Value for that Subaccount. Withdrawals will result in the cancellation of Accumulation Units in a Subaccount. THE VARIABLE ACCOUNT - The Variable Account The Variable Account(s) is designated on the Data Page. Variable Account Contract Schedule and consists of assets are set aside by Cova and Us, which are kept separate from Cova's General Account Our general assets and all other separate variable account assetsassets We maintain. The We own the assets of the Variable Account. Variable Account assets equal to reserves and other contract liabilities will not be charged chargeable with liabilities arising out of any other business We may conduct. We may transfer to Our General Account assets which exceed the reserves and other liabilities of Covathe Variable Account. INVESTMENTS OF THE VARIABLE ACCOUNT - Net Purchase Payments applied to Xxxxxx and realized and unrealized gains or losses from assets in the Variable Account are allocated credited to a Subaccountor charged against the account without regard to other income, gains or losses in Our other investment accounts. The Variable Account assets are divided into Sub-accounts. The Sub-accounts which are available under the Contract are shown on the Contract Schedule. The assets of a Subaccount the Sub-accounts of the unit investment trust variable separate account are allocated to the Investment Option(sEligible Fund(s) and the Portfolio(s), if anyapplicable, within an Eligible Fund shown on the Variable AccountContract Schedule. Cova may The assets of the Sub-accounts of the investment company variable separate account, if applicable, are invested in portfolios of securities designed to meet the objectives of the Sub-Account shown on the Contract Schedule. We may, from time to time time, add additional Investment Option(s) Sub-accounts, Eligible Funds or Portfolio(s)Portfolios to those shown on the Contract Schedule. You may be permitted to transfer Subaccount Contract Values or allocate Purchase Payments to the additional Investment Option(s) Sub-Accounts, Eligible Funds or Portfolio(s), howeverPortfolios. However, the right to make any transfer such transfers or allocation allocations will be limited by the terms and conditions imposed by CovaUs. If We also have the shares right to eliminate Sub-accounts from the Variable Account, to combine two or more Sub-accounts or to substitute a new Portfolio for the Portfolio in which a Sub-account invests. A substitution may become necessary if, in Our discretion, a Portfolio or Sub-account no longer suits the purposes of an Investment Option the Contract. This may happen: due to a change in laws or regulations or a change in a Portfolio's investment objectives or restrictions; because the Portfolio within an Investment Option become unavailable or Sub-account is no longer available for investment investment; or for some other reason. We will obtain any prior approvals that may be required from the insurance department of Our state of domicile, and from the SEC or any other governmental entity before making such a substitution. When permitted by law, We reserve the Variable Account or Cova's Board of Directors deems further investment in these shares inappropriate, Cova may limit further purchase of the shares or substitute shares of another eligible Investment Option or Portfolio for shares already purchased under this Contract. VALUATION OF ASSETS - Assets of the Variable Account are valued at their fair market value in accordance with applicable law. ACCUMULATION UNIT - Accumulation Units are used to account for all amounts allocated to or withdrawn from a Subaccount as a result of Net Purchase Payments, withdrawals, transfers, fees and charges. Cova will determine the number of Accumulation Units of a Subaccount purchased or canceled by dividing the amount allocated to (or the amount withdrawn from) the Subaccount by the dollar value of one Accumulation Unit of the Subaccount as of the Business Day during which the request for a transaction is received at the Service Office. ACCUMULATION UNIT VALUE - The Accumulation Unit Value for each Subaccount was arbitrarily set initially. The Accumulation Unit Value for any later Business Day is determined by subtracting (b) from (a) and dividing the result by (c) whereright to:

VARIABLE ACCOUNT PROVISIONS. SUBACCOUNT VALUE - The Subaccount Value is determined by multiplying the number of Accumulation Units allocated to this Contract for that Subaccount by the Accumulation Unit Value for that Subaccount. Withdrawals Withdrawals, transfers and deductions for fees and charges will result in the cancellation of Accumulation Units in a Subaccount. THE VARIABLE ACCOUNT - The Variable Account is designated on the Data Page. Variable Account assets are set aside by Cova and are kept separate from Cova's General Account assets and other separate account assets. The Variable Account assets equal to reserves and other liabilities will not be charged with liabilities arising out of any other business of Cova. INVESTMENTS OF THE VARIABLE ACCOUNT - Net Purchase Payments applied to the Variable Account are allocated to a Subaccount. The assets of a Subaccount are allocated to the Investment Option(s) and Portfolio(s), if any, within the Variable Account. Cova may from time to time add additional Investment Option(s) or Portfolio(s). You may be permitted to transfer Subaccount Values or allocate Purchase Payments to the additional Investment Option(s) or Portfolio(s), however, the right to make any transfer or allocation will be limited by the terms and conditions imposed by Cova. If the shares of an Investment Option or a Portfolio within an Investment Option become unavailable for investment by the Variable Account or Cova's Board of Directors deems further investment in these shares inappropriate, Cova may limit further purchase of the shares or substitute shares of another eligible Investment Option or Portfolio for shares already purchased under this Contract. VALUATION OF ASSETS - Assets of the Variable Account are valued at their fair market value in accordance with applicable law. ACCUMULATION UNIT - Accumulation Units are used to account for all amounts allocated to or withdrawn from a Subaccount as a result of Net Purchase Payments, withdrawals, transfers, fees and charges. Cova will determine the number of Accumulation Units of a Subaccount purchased or canceled by dividing the amount allocated to (or the amount withdrawn from) the Subaccount by the dollar value of one Accumulation Unit of the Subaccount as of the Business Day during which the request for a transaction is received at the Service Office. ACCUMULATION UNIT VALUE - The Accumulation Unit Value for each Subaccount was arbitrarily set initially. The Accumulation Unit Value for any later Business Day is determined by subtracting (b) from (a) and dividing the result by (c) where:

VARIABLE ACCOUNT PROVISIONS. SUBACCOUNT VALUE - The Subaccount Value is determined by multiplying the number of Accumulation Units allocated to this Contract for that Subaccount by the Accumulation Unit Value for that Subaccount. Withdrawals will result in the cancellation of Accumulation Units in a Subaccount. THE VARIABLE ACCOUNT - The Variable Account The Variable Account(s) is designated on the Data Page. Variable Account Certificate Schedule and consists of assets are set aside by Cova and Us, which are kept separate from Cova's General Account Our general assets and all other separate variable account assetsassets We maintain. The We own the assets of the Variable Account. Variable Account assets equal to reserves and other contract liabilities will not be charged chargeable with liabilities arising out of any other business of CovaWe may conduct. INVESTMENTS OF THE VARIABLE ACCOUNT - Net Purchase Payments applied to Xxxxxx and realized and unrealized gains or losses from assets in the Variable Account are allocated credited to a Subaccountor charged against the account without regard to other income, gains or losses in Our other investment accounts. The Variable Account assets are divided into Sub-accounts. The Sub-accounts which are available under the Certificate are shown on the Certificate Schedule. The assets of a Subaccount the Sub-accounts of the unit investment trust variable separate account are allocated to the Investment Option(sEligible Fund(s) and the Portfolio(s), if anyapplicable, within an Eligible Fund shown on the Variable AccountCertificate Schedule. Cova may The assets of the Sub-accounts of the investment company variable separate account, if applicable, are invested in portfolios of securities designed to meet the objectives of the Sub-Account shown on the Certificate Schedule. We may, from time to time time, add additional Investment Option(s) Sub-accounts, Eligible Funds or Portfolio(s)Portfolios to those shown on the Certificate Schedule. You may be permitted to transfer Subaccount Certificate Values or allocate Purchase Payments to the additional Investment Option(s) Sub-Accounts, Eligible Funds or Portfolio(s), howeverPortfolios. However, the right to make any transfer such transfers or allocation allocations will be limited by the terms and conditions imposed by CovaUs. If We also have the shares right to eliminate Sub-accounts from the Variable Account, to combine two or more Sub-accounts or to substitute a new Portfolio for the Portfolio in which a Sub-account invests. A substitution may become necessary if, in Our discretion, a Portfolio or Sub-account no longer suits the purposes of an Investment Option the Group Contract. This may happen: due to a change in laws or regulations or a change in a Portfolio's investment objectives or restrictions; because the Portfolio within an Investment Option become unavailable or Sub-account is no longer available for investment investment; or for some other reason. We will obtain any prior approvals that may be required from the insurance department of Our state of domicile, the New York Superintendent of Insurance and from the SEC or any other governmental entity before making such a substitution. When permitted by law, We reserve the Variable Account or Cova's Board of Directors deems further investment in these shares inappropriate, Cova may limit further purchase of the shares or substitute shares of another eligible Investment Option or Portfolio for shares already purchased under this Contract. VALUATION OF ASSETS - Assets of the Variable Account are valued at their fair market value in accordance with applicable law. ACCUMULATION UNIT - Accumulation Units are used to account for all amounts allocated to or withdrawn from a Subaccount as a result of Net Purchase Payments, withdrawals, transfers, fees and charges. Cova will determine the number of Accumulation Units of a Subaccount purchased or canceled by dividing the amount allocated to (or the amount withdrawn from) the Subaccount by the dollar value of one Accumulation Unit of the Subaccount as of the Business Day during which the request for a transaction is received at the Service Office. ACCUMULATION UNIT VALUE - The Accumulation Unit Value for each Subaccount was arbitrarily set initially. The Accumulation Unit Value for any later Business Day is determined by subtracting (b) from (a) and dividing the result by (c) whereright to:

VARIABLE ACCOUNT PROVISIONS. SUBACCOUNT VALUE - The Subaccount Value is determined by multiplying the number of Accumulation Units allocated to this Contract for that Subaccount by the Accumulation Unit Value for that Subaccount. Withdrawals will result in the cancellation of Accumulation Units in a Subaccount. THE VARIABLE ACCOUNT - The Variable Account The Variable Account(s) is designated on the Data Page. Variable Account Certificate Schedule and consists of assets are set aside by Cova and Us, which are kept separate from Cova's General Account Our general assets and all other separate variable account assetsassets We maintain. The We own the assets of the Variable Account. Variable Account assets equal to reserves and other contract liabilities will not be charged chargeable with liabilities arising out of any other business We may conduct. We may transfer to Our General Account assets which exceed the reserves and other liabilities of Covathe Variable Account. INVESTMENTS OF THE VARIABLE ACCOUNT - Net Purchase Payments applied to Xxxxxx and realized and unrealized gains or losses from assets in the Variable Account are allocated credited to a Subaccountor charged against the account without regard to other income, gains or losses in Our other investment accounts. The Variable Account assets are divided into Sub-accounts. The Sub-accounts which are available under the Certificate are shown on the Certificate Schedule. The assets of a Subaccount the Sub-accounts of the unit investment trust variable separate account are allocated to the Investment Option(sEligible Fund(s) and the Portfolio(s), if anyapplicable, within an Eligible Fund shown on the Variable AccountCertificate Schedule. Cova may The assets of the Sub-accounts of the investment company variable separate account, if applicable, are invested in portfolios of securities designed to meet the objectives of the Sub-Account shown on the Certificate Schedule. We may, from time to time time, add additional Investment Option(s) Sub-accounts, Eligible Funds or Portfolio(s)Portfolios to those shown on the Certificate Schedule. You A Certificate Owner may be permitted to transfer Subaccount Certificate Values or allocate Purchase Payments to the additional Investment Option(s) Sub-Accounts, Eligible Funds or Portfolio(s), howeverPortfolios. However, the right to make any transfer such transfers or allocation allocations will be limited by the terms and conditions imposed by CovaUs. If We also have the shares right to eliminate Sub-accounts from the Variable Account, to combine two or more Sub-accounts or to substitute a new Portfolio for the Portfolio in which a Sub-account invests. A substitution may become necessary if, in Our discretion, a Portfolio or Sub-account no longer suits the purposes of an Investment Option the Group Contract. This may happen: due to a change in laws or regulations or a change in a Portfolio's investment objectives or restrictions; because the Portfolio within an Investment Option become unavailable or Sub-account is no longer available for investment investment; or for some other reason. We will obtain any prior approvals that may be required from the insurance department of Our state of domicile, and from the SEC or any other governmental entity before making such a substitution. When permitted by law, We reserve the Variable Account or Cova's Board of Directors deems further investment in these shares inappropriate, Cova may limit further purchase of the shares or substitute shares of another eligible Investment Option or Portfolio for shares already purchased under this Contract. VALUATION OF ASSETS - Assets of the Variable Account are valued at their fair market value in accordance with applicable law. ACCUMULATION UNIT - Accumulation Units are used to account for all amounts allocated to or withdrawn from a Subaccount as a result of Net Purchase Payments, withdrawals, transfers, fees and charges. Cova will determine the number of Accumulation Units of a Subaccount purchased or canceled by dividing the amount allocated to (or the amount withdrawn from) the Subaccount by the dollar value of one Accumulation Unit of the Subaccount as of the Business Day during which the request for a transaction is received at the Service Office. ACCUMULATION UNIT VALUE - The Accumulation Unit Value for each Subaccount was arbitrarily set initially. The Accumulation Unit Value for any later Business Day is determined by subtracting (b) from (a) and dividing the result by (c) whereright to:

VARIABLE ACCOUNT PROVISIONS. SUBACCOUNT VALUE - The Subaccount Value is determined by multiplying the number of Accumulation Units allocated to this Contract for that Subaccount by the Accumulation Unit Value for that Subaccount. Withdrawals will result in the cancellation of Accumulation Units in a Subaccount. THE VARIABLE ACCOUNT - The Variable Account The Variable Account(s) is designated on the Data Page. Variable Account Certificate Schedule and consists of assets are set aside by Cova and Us, which are kept separate from Cova's General Account Our general assets and all other separate variable account assetsassets We maintain. The We own the assets of the Variable Account. Variable Account assets equal to reserves and other contract liabilities will not be charged chargeable with liabilities arising out of any other business We may conduct. We may transfer to Our General Account assets which exceed the reserves and other liabilities of Covathe Variable Account. INVESTMENTS OF THE VARIABLE ACCOUNT - Net Purchase Payments applied to Income and realized and unrealized gains or losses from assets in the Variable Account are allocated credited to a Subaccountor charged against the account without regard to other income, gains or losses in Our other investment accounts. The Variable Account assets are divided into Sub-accounts. The Sub-accounts which are available under the Certificate are shown on the Certificate Schedule. The assets of a Subaccount the Sub-accounts of the unit investment trust variable separate account are allocated to the Investment Option(sEligible Fund(s) and the Portfolio(s), if anyapplicable, within an Eligible Fund shown on the Variable AccountCertificate Schedule. Cova may The assets of the Sub-accounts of the investment company variable separate account, if applicable, are invested in portfolios of securities designed to meet the objectives of the Sub-Account shown on the Certificate Schedule. We may, from time to time time, add additional Investment Option(s) Sub-accounts, Eligible Funds or Portfolio(s)Portfolios to those shown on the Certificate Schedule. You may be permitted to transfer Subaccount Certificate Values or allocate Purchase Payments to the additional Investment Option(s) Sub-Accounts, Eligible Funds or Portfolio(s), howeverPortfolios. However, the right to make any transfer such transfers or allocation allocations will be limited by the terms and conditions imposed by CovaUs. If We also have the shares right to eliminate Sub-accounts from the Variable Account, to combine two or more Sub-accounts or to substitute a new Portfolio for the Portfolio in which a Sub-account invests. A substitution may become necessary if, in Our discretion, a Portfolio or Sub-account no longer suits the purposes of an Investment Option the Group Contract. This may happen: due to a change in laws or regulations or a change in a Portfolio's investment objectives or restrictions; because the Portfolio within an Investment Option become unavailable or Sub-account is no longer available for investment investment; or for some other reason. We will obtain any prior approvals that may be required from the insurance department of Our state of domicile, and from the SEC or any other governmental entity before making such a substitution. When permitted by law, We reserve the Variable Account or Cova's Board of Directors deems further investment in these shares inappropriate, Cova may limit further purchase of the shares or substitute shares of another eligible Investment Option or Portfolio for shares already purchased under this Contract. VALUATION OF ASSETS - Assets of the Variable Account are valued at their fair market value in accordance with applicable law. ACCUMULATION UNIT - Accumulation Units are used to account for all amounts allocated to or withdrawn from a Subaccount as a result of Net Purchase Payments, withdrawals, transfers, fees and charges. Cova will determine the number of Accumulation Units of a Subaccount purchased or canceled by dividing the amount allocated to (or the amount withdrawn from) the Subaccount by the dollar value of one Accumulation Unit of the Subaccount as of the Business Day during which the request for a transaction is received at the Service Office. ACCUMULATION UNIT VALUE - The Accumulation Unit Value for each Subaccount was arbitrarily set initially. The Accumulation Unit Value for any later Business Day is determined by subtracting (b) from (a) and dividing the result by (c) whereright to: