Premium Allocation. You select how to allocate the Premium among the available Sub-account(s). We reserve the right to allocate the Premium received before expiration of the Right to Examine Period to the Specially Designated Sub-account. If we do so, upon expiration of the Right to Examine Period, the Accumulation Value will be allocated proportionately in accordance with your directions. Premium will be allocated as of the earlier of 4 P.M. Eastern Time and close of business on the Business Day such Premium is received by us. Any Premium received by us after the close of regular trading on the New York Stock Exchange will be allocated as of the close of business on the next Business Day.
Appears in 2 contracts
Sources: Annuity Contract (Variable Annuity Account B of Ing Life Insurance & Annuity Co), Annuity Contract (Variable Annuity Account B of Ing Life Insurance & Annuity Co)