MARKET TIMERS. 7.1 LIFE COMPANY will develop, implement and maintain policies and procedures to discourage use of the Separate Accounts by market timers in consultation with TRUST. If LIFE COMPANY proposes to modify such policies and procedures following their implementation, LIFE COMPANY will first discuss its proposal with TRUST and will not modify such policies and procedures so as to make them less effective in deterring short-term redemptions without TRUST's written consent.
Appears in 3 contracts
Samples: Participation Agreement (Ameritas Life Insurance Corp Separate Account Llva), Fund Participation Agreement (American Separate Account 5), JPF Separate Account a of Jefferson Pilot Financial Ins Co
MARKET TIMERS. 7.1 LIFE COMPANY will develop, implement and maintain policies and procedures to discourage use of the Separate Accounts by market timers in consultation with TRUST. If TRUST7.2 LIFE COMPANY proposes will use its best efforts to modify such develop, implement and maintain procedures as necessary or applicable to further any market timing policies and procedures following their implementation, LIFE COMPANY will first discuss its proposal with TRUST and will not modify such policies and procedures so as to make them less effective in deterring short-term redemptions without TRUST's written consentestablished by a Portfolio.
Appears in 2 contracts
Samples: Participation Agreement (Allstate Life of N Y Var Life Sep Acct A), Fund Participation Agreement (Lincoln Benefit Life Variable Life Account)
MARKET TIMERS. 7.1 LIFE COMPANY will develop, implement and maintain policies and procedures to discourage use of the Separate Accounts by market timers as discussed in each Portfolio's then current prospectus in consultation with TRUST. If LIFE COMPANY proposes to modify such policies and procedures following Following their implementation, LIFE COMPANY will first discuss its proposal with TRUST and will not modify such policies and procedures so as to make them less effective in deterring short-term redemptions without redemptions, except on providing one (1) month advance notice to the TRUST's written consent.
Appears in 1 contract
Samples: Fund Participation Agreement (Farmers Variable Life Separate Account A)
MARKET TIMERS. 7.1 LIFE COMPANY will develop, implement and maintain policies and procedures to discourage use of the Separate Accounts by market timers in consultation with TRUST. If LIFE COMPANY proposes to modify such policies and procedures following their implementation, LIFE COMPANY will first discuss its proposal with TRUST and will not modify such policies and procedures so as to make them less effective in deterring short-term redemptions without TRUST's written consent.
Appears in 1 contract
Samples: Participation Agreement (Allstate Life of N Y Var Life Sep Acct A)
