Common use of Benefit Determinations Clause in Contracts

Benefit Determinations. The Contractholder must furnish us whatever information is necessary to establish the eligibility for and amount of annuity or other benefit due. We rely solely on the Contractholder's instructions and certifications with respect to your benefits. The Contractholder is fully responsible for determining: (a) whether benefit payments are permitted under applicable law and the Plan and (b) the existence or amount of Excess Contributions (plus gains or minus losses thereon), or that returns of Excess Contributions are permitted by the Plan and the Code. We may rely on the Contractholder's or its designee's statements or representations in honoring any benefit payment request.

Appears in 2 contracts

Sources: Insurance Contract (Aul American Unit Trust), Insurance Contract (Aul American Unit Trust)