Change of Owner or Beneficiary. The Owner may change the ownership of this contract by a written request in Good Order. Such change may be subject to state and federal gift taxes, federal income taxes and penalty taxes. If there are joint Owners, both Owners must agree in writing to any change of ownership. Any new Owner must meet our issue requirements in effect on the Valuation Date we receive your written request in Good Order at our Customer Service Office. A change of Owner may impact the death benefit provided under this contract. Please see the Death Benefit section for more information. Subject to any existing assignment, the Owner may change the Beneficiary at any time. In the case of a Non-Natural Owner, we may require that the Non-Natural Owner be named the Primary Beneficiary. Unless otherwise specified by the Owner, the Owner or Beneficiary change will take effect as of the date the request is signed, whether or not the Owner or Annuitant is living when we receive the request in Good Order at our Customer Service Office. However, the change will not apply to any payments made or actions taken by us before the request is received. Assignment We will not be bound by an assignment unless it is received at our Customer Service Office in Good Order and is accepted by us. An assignment must be signed and dated by both the assignor and the assignee and, as applicable, by the Beneficiary. Unless otherwise specified by the Owner, an assignment is effective on the date the notice of assignment is signed. The rights of any Owner or Beneficiary and the entire contract, as defined in The Contract provision set forth in the General Provisions section, will be subject to the assignment. We will rely solely on the assignee’s statement as to the amount of the assignee’s interest. We will not be responsible for any tax consequences arising from or the validity of any assignment, or for any actions taken in reliance on the validity of the assignment. Unless otherwise provided, the assignee may exercise all rights granted by this contract except: • the right to change the Owner or Beneficiary; and • the right to elect an annuity payout option. Assignments are subject to all payments made or actions taken by us on or before the Valuation Date we accept the assignment at our Customer Service Office.
Change of Owner or Beneficiary. Sending Notice to Us Reports to Owner PREMIUM PAYMENTS AND ALLOCATION Assignment - Using This Contract ADDITIONAL PREMIUM PAYMENT OPTION As Collateral Security CHANGES.......................... 8 Changing This Contract Contract Changes - Applicable Initial Premium Payment Tax Law Additional Premium Payment Option Misstatement of Age or Sex Your Right to Change Allocation of Non-participating Accumulation Value Payments We May Defer What Happens if a Variable Separate Authority to Make Agreements Account Division is Not Available Required Note on Our Computations
Change of Owner or Beneficiary. Written Notice must be signed by you, dated, and of a form and content acceptable to us. Your Written notice will not be effective until we receive and file it at our Home office. However, the change provided in your Written notice will then be effective as of the date you signed such notice:
Change of Owner or Beneficiary. 6 Change of Annuity Commencement Date or Annuity Payout Option...................6 Communications with GIAC......................................................23
Change of Owner or Beneficiary. During your lifetime and while this Contract is in effect you may transfer ownership of this Contract or change the Beneficiary. To make any of these changes, you must send us written notice of the change in a form satisfactory to us. If there are joint Owners, both must agree to the change. The change will take effect as of the day the notice is signed. The change will not affect any payment made or action taken by us before recording the change at our Customer Service Center. A change of Owner may affect the amount of Death Benefit payable under this Contract. See "Proceeds Payable to Beneficiary" and "Benefit Option Packages" for more information. RLNY-IA-1102 7 Premium Payments and Allocation Changes Initial Premium Payment The Initial Premium payment is required to put this Contract in effect. The amount of the Initial Premium payment is shown in the Schedule. Additional Premium Payments You may make additional premium payments under this Contract after the end of the Right to Examine period. Restrictions on additional premium payments, such as the Attained Age of the Annuitant or Owner, and the timing and amount of each payment, are shown in the Schedule. We reserve the right to defer acceptance of or to return any additional premium payments if they exceed the restrictions stated in the Schedule, if a Division to which they are allocated is closed, or in order to comply with any law or regulation. As of the date we receive and accept your additional premium payment: (1) The Accumulation Value will increase by the amount of the premium payment less any premium deductions shown in the Schedule. (2) The increase in the Accumulation Value will be allocated among the Divisions of the Variable Separate Account and the General Account in accordance with your instructions. If you do not provide such instructions, allocation will be among the Divisions in proportion to the amount of Accumulation Value in each Division as of the date we receive and accept the additional premium payment. Where to Make Payments Remit the premium payments to our Customer Service Center at the address shown on the cover page. On request we will give you a receipt signed by our treasurer.
Change of Owner or Beneficiary. You may transfer ownership or change the Beneficiary by filing a written designation at the Home Office. We will provide the necessary form. Unless You specify otherwise, the designation will take effect as of the date You signed the form, subject to any action We have taken prior to the time that the designation is received at the Home Office.
Change of Owner or Beneficiary. During the Certificate Owner's lifetime and while a Certificate is in effect the Certificate Owner can transfer ownership of the Certificate or change the Beneficiary. To make any of these changes, the Certificate Owner must send us written notice of the change in a form satisfactory to us. The change will take effect as of the day the notice is signed. The change will not affect any payment made or action taken by us before recording the change at our Customer Service Center. See Proceeds Payable to Beneficiary. GA-MC-1070 7 6/00 HOW WE MEASURE THE CERTIFICATE'S ACCUMULATION VALUE ---------------------------------------------------------------------------- SINGLE PREMIUM PAYMENT The Single Premium Payment is required to put a Certificate in effect. The amount of the Single Premium Payment is shown in the Certificate. If any check presented as payment of any part of the Premium for a Certificate is not honored, the Certificate will be void.
Change of Owner or Beneficiary. Before the Annuity Commencement Date, the Owner may, subject to our approval, change the ownership of this contract by a written request in Good Order. Such change may be subject to state and federal gift taxes, federal income taxes and penalty taxes. If there are joint Owners, both Owners must agree in writing to any change of ownership. Any new Owner must meet our issue requirements in effect on the Valuation Date we receive your written request in Good Order at our Customer Service Office. We reserve the right to restrict ownership changes to once per calendar year. A change of Owner may impact the death benefit provided under this contract. Please see the Death Benefit section for more information. Subject to any existing assignment, the Owner may change the Beneficiary at any time. The change will take effect as of the date the request is signed, whether or not the Owner or Annuitant is living when we receive the request in Good Order at our Customer Service Office. However, the change will not apply to any payments made or actions taken by us before the request is received.
Change of Owner or Beneficiary. During the Annuitant's lifetime you may change the Ownership and Beneficiary designations. You must make the change in written form satisfactory to us. If acceptable to us it will take effect as of the time you signed the Written Request, whether or not the Annuitant is living when we receive your request at our Annuity Service Office. The change will be subject to any assignment of this Contract or other legal restrictions. It will also be subject to any payment we made or action we took before we received your Written Request of the change. We have the right to require the Contract for endorsement before we accept the change. We will not be bound by any Change of Owner of the Contract or of any interest in it unless we send you an acknowledged copy. If you are also the Beneficiary of the Contract at the time of the Annuitant's death, you may designate some other person to receive the Proceeds of the Contract at the time due proof of death is submitted to our Annuity Service Office. If this is a non-corporate qualified contract, you may not transfer, sell, assign, discount, or pledge this Contract for a loan or a security for the performance of an obligation or any other purpose to any person other than to us at our Annuity Service Office. ASSIGNMENTS THIS ASSIGNMENT PROVISION WILL NOT APPLY TO NON-CORPORATE QUALIFIED CONTRACTS. NO ASSIGNMENT WILL BE PERMITTED IN SUCH CASES. We will not be bound by an assignment of the Contract or of any interest in it unless:
Change of Owner or Beneficiary. During your lifetime and while this Contract is in effect, you may transfer ownership of this Contract or change a revocable Beneficiary. To make any of these changes, you must send us written notice of the change. If there are two Owners, both must agree to the change. The change will take effect as of the day the notice is received by us. The change will not affect any payment made or action taken by us before the date the change is recorded at our Customer Service Center. IU- IA-3040 11
