Common use of General Transfer Clause in Contracts

General Transfer. Authorization Each advisor executing this Agreement below, either as an individual, partnership, corporation or other business entity, along with the employees that act on its behalf (including without limitation any third party investment advisor or sub-advisor) (the "Advisor"), is licensed with all applicable regulatory authorities necessary to provide the services it is providing related to the Account(s) (as defined below). Owner hereby (i) authorizes Company to release information regarding Owner's annuity Account(s) or the Account(s) to be issued pursuant to applications enclosed herewith (collectively, the "Account(s)") to Advisor; (ii) designates Advisor as Owner's advisor and attorney-in-fact (with full power to select third party investment advisors, sub- advisors and asset allocation model managers); and (iii) instructs Company to comply with written, telephone, faxed or online financial or non-financial instructions from Advisor without obtaining Owner's approval, counter-signature or co-signature. Any contractual limitations applicable to the Owner relating to instructions for the Accounts apply to the Advisor to the same extent as they apply to the Owner.

Appears in 2 contracts

Sources: Advisor Authorization Agreement, Advisor Authorization Agreement