Member Rewards. You will earn rewards for your participation in the Debit Rewards Offers program based on total purchases. If you participate in the Debit Rewards Offers, we will credit all cash or point rewards earned to your rewards balance and send you a lump sum of all rewards due to you. For any qualifying purchases during the current month, we will distribute the lump sum amount to you during the following calendar month. For example, if the payment date of all rewards end user disbursements is August 30, the applicable Measurement Period would be the calendar month ended July 31. Cash rewards will be deposited in the Debit Rewards Offers deposit account which is associated with the Debit Rewards Offers program.
Member Rewards. As Vault conducts its operations for the benefit of its subscribers, it may, in its discretion, allocate a portion of its profits to its members. Any such distributions will be subject to Vault’s performance, overall financial strength and regulatory approval. Vault will contact you directly once more information on member rewards becomes available. All of these features are described fully in the attached Agreement. By signing below you agree to become a member of Vault, to appoint VRM as Xxxxx’s attorney-in-fact and to be legally bound by the terms and conditions of the Agreement. Please read the entirety of the Agreement before you sign. Due to the nature of Vault’s structure, your insurance policy cannot become effective without a signed Agreement. If you fail to sign, Vault reserves the right to terminate your coverage. By: _ Name: Date: Receipt Acknowledged: Vault Reciprocal Exchange By: Vault Risk Management Services, LLC, Attorney-in-Fact
Member Rewards. VRM intends to operate Vault for your benefit and the benefit of every other subscriber. In years in which Vault achieves operating profit and surplus growth, Vault will endeavor to return a portion of that growth to you in the form of member rewards. Any and all such funds allocated to you would be considered part of Xxxxx’s surplus and VRM would be authorized to use any and all such funds to pay Vault’s obligations. Furthermore, any payment or allocation of a member rewards would be subject to the approval of the FL OIR. VRM will contact you with additional information prior to making any member rewards.
Member Rewards. Please visit xxx.xxxx.xxx for Member Rewards Club benefits that may apply to your Account. ACCOUNT NUMBERS The Credit Union may require that your Account number be provided for deposits to or withdrawals from your Account. The Credit Union is not responsible for a transaction if an Account number is not written, or otherwise provided, or an incorrect Account number is used. ACCOUNT CHANGES, TRANSFER AND PLEDGES Your Accounts cannot be pledged, transferred or assigned without the Credit Union’s written consent. Even if we consent, we may require that you close the account and that the new Account owner open a new account. You agree to notify us in writing of any change in ownership or authorized signers on your Account or if an owner or authorized signer on the Account dies or is adjudicated incompetent. If there is more than one owner and/or authorized signer on your Account, any account owner or authorized signer may request the Account be closed without consent of any other account owner or authorized signer. Any one account owner may request, and we may, at our option, permit removal of any account owner or authorized signer without consent of any other account owner or authorized signer on the account. You agree that we may, but need not, require a new signature card to be completed before any change in account owners or authorized signers becomes effective. You also acknowledge and agree that we may require you to close your Account in the event of any change in ownership or change in the authorized signers. We may take a reasonable period of time to act on and implement the change. If you or we suspect that your Account is or may be compromised, we may require that you close your Account and open a new account. If we require or recommend that you close your Account and you do not do so, the Credit Union is not liable to you for subsequent losses, expenses or damages due to unauthorized transactions. When you open a new account, you are responsible for notifying any third parties that need to know your new account number.
Member Rewards. VRM intends to operate Vault for your benefit and the benefit of every other subscriber. In years in which Vault achieves operating profit and surplus growth, separate individual Subscriber Savings Accounts (“SSAs”), also known as Member Rewards Accounts, will be set up for each subscriber. After accounting for paid losses, loss reserves and operating and policy acquisition expenses, VRM, in its discretion, may credit your Member Rewards Account with a portion of the amount of Vault’s growth in surplus for a fiscal year. Any such credit will be made pro rata, based on your earned premium for such year. Any and all such funds allocated to you would be considered part of Vault’s surplus and VRM would be authorized to use any and all such funds to pay Vault’s obligations. In order to avoid any impairment to the surplus of Vault, VRM, subject to the approval of the SAC, retains the right to limit the distribution from the SSAs to subscribers whose coverage has been terminated. Furthermore, any payment or allocation to an SSA would be subject to the approval of the FL OIR. VRM will contact you with additional information prior to making any contributions to your SSA. You may also visit xxx.xxxxx.xxxxxxxxx for the latest information about your account.
