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

• The term “Current” is defined as an existing Contract owner with value allocated to one or more Portfolios.

• Company agrees to execute a Request from the Fund to restrict or prohibit further purchases or exchanges of Shares by a Variable Contract owner that has been identified by the Fund as having engaged in transactions in Shares (directly or indirectly through an Account) that violate policies established by the Fund for the purpose of eliminating or reducing any dilution of the value of its Shares.

• The Company shall determine the net amount to be transmitted to the Accounts as a result of redemptions of each Designated Portfolio’s shares based on Contract owner redemption requests and shall disburse or credit to the Accounts all proceeds of redemptions of Designated Portfolio shares.

• Instructions must include the TIN, ITIN, or GII and the specific individual Contract owner number or participant account number associated with the Shareholder, if known, and the specific restriction(s) to be executed, including the length of time such restriction shall remain in place.

• Without limiting the foregoing, you agree that in recommending to a Contract owner the purchase, sale or exchange of any subaccount units under the Contracts, you shall have reasonable grounds for believing that the recommendation is suitable for such Contract owner.

More Definitions of Contract Owner

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 an owner or holder of a Contract.

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 interests 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 subject to our approval. A change of Contract Owner will automatically revoke any prior designation of Contract Owner. Upon our approval, the change will become effective on the date the Authorized Request is signed subject to any actions taken by the insurer prior to receipt of the Authorized Request. We will not be responsible for any tax consequences of any such change.

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;