Common use of Qualified Accounts Clause in Contracts

Qualified Accounts. If a Certificate is issued in connection with or held in a Qualified Account, it may not be assigned, pledged, or sold, nor may it be used as collateral for a loan or as security for the performance of an obligation.

Appears in 2 contracts

Sources: Group Fixed Contingent Annuity Contract (TRANSAMERICA ADVISORS LIFE INSURANCE Co), Group Fixed Contingent Annuity Contract (TRANSAMERICA ADVISORS LIFE INSURANCE Co)