Contract Owner definition

Contract Owner means the holder of interests in a variable annuity or variable life insurance contract issued by the Company.

Contract Owner means the owner named in the annuity contract or certificate holder in the case of a group annuity contract.

Contract Owner means the Agency administrative official who has the authority to make decisions related to the Contract on behalf of the Agency.

Examples of Contract Owner in a sentence

• We may continue to accept Purchase Payments, however, if we reach a mutual agreement to do so with the Contract Owner.

• If the Contract Owner has elected the Fixed Account, and the Participant Account includes any money allocated to that Fixed Account, any such amounts are added to determine the Participant Account Value.

• The Contract Owner will direct us how to apportion this fee among all Participant Accounts.

• The Contract is not a trust, and its terms (and Nationwide’s performance of its terms) do not create any fiduciary relationship between Nationwide or any of its affiliates and the Contract Owner, the Plan, or any of the Participants.

• We issue the Contract to the Contract Owner to provide Investment Options and other benefits in connection with a Plan.

More Definitions of Contract Owner

Contract Owner means an owner or holder of a Contract.

Contract Owner. The person(s) or entity(ies) entitled to the ownership rights stated in this Contract. If Joint Owners are named, all references to Contract Owner shall mean the Joint Owners.

Contract Owner means the administrator within the Agency who has overall responsibility, accountability, and authority for the direction and management of the procurement for a specific RFP and contract.

Contract Owner means the owner named in the annuity contract or

Contract Owner means the nominated contract owner for a specific contract;

Contract Owner. As the Contract Owner you have all the interest and rights under this Contract. The Contract Owner is the person designated as such on the Issue Date, unless changed. You may change Owners of the Contract at any time by Authorized Request. A change of Contract Owner will automatically revoke any prior designation of Contract Owner. The change will become effective as of the date the Authorized Request is signed. We will not be liable for any payment made or action taken before the change is recorded.

Contract Owner means the nominated contract owner or manager for a specific contract. This means the responsibility for dealing with suppler performance and contractual matters on a day to day basis;