REPORT TO OWNER definition

REPORT TO OWNER. We will send You a report at least once each Policy Year. The report will show current Policy values, Premiums paid, and deductions made since the last report. It will also show the balance of any outstanding Policy Debt. There is no charge for this report. CVVUL-2001 Page 9
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REPORT TO OWNER. We will send You a report at least once each Policy Year. The report will show current Policy values, Premiums paid, and deductions made since the last report. It will also show the balance of any outstanding Policy Debt. There is no charge for this report. 5. RIGHTS OF OWNERS AND BENEFICIARIES RIGHTS OF OWNER While the Insured is alive, unless You have assigned any of these rights, You may: - transfer ownership to a new Owner; - name a contingent Owner who will automatically become the Owner of the Policy if You die before the Insured; - change or revoke a contingent Owner; - change or revoke a Beneficiary; - exercise all other rights in the Policy. When You transfer Your rights to a new Owner, You automatically revoke any prior contingent Owner designation. When You want to change or revoke a prior Beneficiary designation, You have to specify that action. PROCEDURE You do not need the consent of a Beneficiary or a contingent Owner in order to exercise any of Your rights. However, You must give Us written notice satisfactory to Us of the requested action. Your request will then, unless You specify otherwise, be effective as of the date You signed the form, subject to any action taken before We acknowledge receipt.
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Examples of REPORT TO OWNER in a sentence

  • CONTRACTOR SHALL CAREFULLY STUDY AND COMPARE THE CONTRACT DOCUMENTS AND SHALL AT ONCE REPORT TO OWNER IN WRITING ANY ERROR, INCONSISTENCY OR OMISSION CONTRACTOR MAY DISCOVER.

Related to REPORT TO OWNER

  • Report means reports prepared by the Administrative Agent or another Person showing the results of appraisals, field examinations or audits pertaining to the assets of the Loan Parties from information furnished by or on behalf of the Borrowers, after the Administrative Agent has exercised its rights of inspection pursuant to this Agreement, which Reports may be distributed to the Lenders by the Administrative Agent.

  • GLJ Report means the independent engineering reserves evaluation of certain oil, NGL and natural gas interests of the Company prepared by GLJ dated February 8, 2016 and effective December 31, 2015;

  • ESDM Report means the Emission Summary and Dispersion Modelling Report prepared in accordance with the Procedure Document by Canadian ORTECH Environmental Inc. and dated March 26, 2004 submitted in support of the application, and includes any amendments to the ESDM Report listed in Schedule A, and all up-dated ESDM Reports prepared as required by the Documentation Requirements conditions of this Certificate.

  • Progress Report Form means UN Women’s standard form for progress reports attached to this Agreement.

  • MI Report means a report containing Management Information submitted to the Authority in accordance with Framework Schedule 9 (Management Information);