WHAT HAPPENS IF definition

WHAT HAPPENS IF. A VARIABLE SEPARATE ACCOUNT DIVISION IS NOT AVAILABLE When a distribution is made from an investment portfolio supporting a unit investment trust Division of the Separate Account in which reinvestment is not available, we will allocate the distribution to the Specially Designated Division shown in each Certificate unless the Certificate Owner specifies otherwise. Such a distribution may occur when an investment portfolio or Division matures, when distribution from a portfolio or Division cannot be reinvested in the portfolio or Division due to the unavailability of securities, or for other reasons. When this occurs because of maturity, we will send written notice 30 days in advance of such date. To elect an allocation to other than the Specially Designated Division shown in each Certificate, we must receive satisfactory notice at least seven days prior to the date the investment matures. Such allocations will not be counted as an allocation change of the accumulation value for purposes of the number of free allocations permitted. GA-MA-1112 10 PREMIUM PAYMENTS AND ALLOCATION CHANGES (continued) -------------------------------------------------------------------------------- RESTRICTED FUNDS Restricted Funds are subject to limits as to amounts which may be invested or transferred into such Divisions. The designation of a Division as a Restricted Fund may be changed upon 30 days notice to the Owner with regard to future transfers and Premium Payments into such Division. When a new Division is made available it may be designated as a Restricted Fund. If so designated, the rules regarding its restrictions will be sent to the Owner. Listed below are the total Contract limits for Restricted Funds. Restricted Fund Limits Maximum Allocation % of Maximum Accumulation Value Premium % Dollar Cap ------------------ --------- ---------- 30% 99.999% $9,999,999 THRESHOLDS Each Restricted Fund has one or more thresholds at which point no further amounts may be allocated to that Division. Compliance with a threshold is verified whenever there is a transaction initiated which is subject to such threshold (Premium Payments, transfers, withdrawals). A threshold is applied to the total Accumulation Value of each Restricted Fund. Thresholds may be changed by us for new premiums, transfers or withdrawals by Restricted Fund upon 30 day notice.

Examples of WHAT HAPPENS IF in a sentence

  • WHAT HAPPENS IF A VARIABLE SEPARATE ACCOUNT DIVISION IS NOT AVAILABLE When a distribution is made from an investment portfolio supporting a unit investment trust Separate Account Division in which reinvestment is not available, we will allocate the distribution to the Specially Designated Division shown in the Schedule unless you specify otherwise.

  • PREMIUM PAYMENT REPORTS TO OWNER ADDITIONAL PREMIUM PAYMENT OPTION ASSIGNMENT - USING THIS CONTRACT AS YOUR RIGHT TO CHANGE ALLOCATION OF COLLATERAL SECURITY ACCUMULATION VALUE CHANGING THIS CONTRACT WHAT HAPPENS IF A VARIABLE SEPARATE CONTRACT CHANGES-APPLICABLE TAX LAW ACCOUNT DIVISION IS NOT AVAILABLE MISSTATEMENT OF AGE OR SEX NON-PARTICIPATING HOW WE MEASURE THE CONTRACT'S PAYMENTS WE MAY DEFER ACCUMULATION VALUE.................

  • WHAT HAPPENS IF I MUST RELOCATE?In addition to the market value of the property, the Department pays certain relocation benefits for both owners and tenants of acquired residences and businesses who meet eligibility requirements.

  • WHAT HAPPENS IF I MISS THE ACCOMMODATION CONFIRMATION DEADLINE?You must complete the required steps in order to secure your booking.

  • WHAT HAPPENS IF XTB IS UNABLE TO PAY OUT?The investor can incur a financial loss related to XTB's failure to perform an obligation.

  • WHAT HAPPENS IF A DIVISION IS NOT AVAILABLE When a distribution is made from an investment portfolio supporting a unit investment trust Division in which reinvestment is not available, we will allocate the distribution to the Specially Designated Division shown in the Schedule unless you specify otherwise.

  • WHAT HAPPENS IF A VARIABLE SEPARATE ACCOUNT DIVISION IS NOT AVAILABLE When a distribution is made from an investment portfolio supporting a unit investment trust Division of the Separate Account in which reinvestment is not available, we will allocate the distribution to the Specially Designated Division shown in each Certificate unless the Certificate Owner specifies otherwise.

  • WHAT HAPPENS IF SOMETHING GOES WRONG?Signing this consent form does not limit your legal rights and you do not release the study doctor, participating institutions, or anyone else from their legal and professional duties.

  • WHAT HAPPENS IF I AM REPORTED ABSENT?If you are reported as absent (in either a face-to-face, online, or hybrid course) you will receive a computer-generated e-mail notifying you that you will be dropped for nonattendance.

  • WHAT HAPPENS IF I WANT TO STOP TAKING PART IN THIS STUDY?You are free to withdraw from this study at any time.

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