Due Diligence for Property Due Upon Annuity Contracts Reaching the Maturity Sample Clauses

Due Diligence for Property Due Upon Annuity Contracts Reaching the Maturity. Date Forethought shall send one or more notification letters to, and may otherwise attempt to notify, the annuity contract owner. If there is no response to a notification letter within 180 days after the initial notification letter is sent and the property is not paid to the owner in accordance with the terms of the Agreement, the property shall be subject to the reporting and remittance process described in Section III.B. below. At least one letter shall be sent to the last known address on Forethought’s books and records, as of the time it receives the UPR, for the annuity contract owner. If at any time prior to the expiration of the 180 day period described above, Forethought determines that the owner cannot be located, the property shall be subject to the reporting and remittance process described in Section III.B. below.
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Related to Due Diligence for Property Due Upon Annuity Contracts Reaching the Maturity

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