Examples of VA Contracts in a sentence
The CEDING COMPANY shall provide policyholder and claims servicing with respect to the VA Contracts in good faith and with the care, skill, prudence and diligence of a person experienced in administering variable annuity business.
The Administrator shall have the right to direct the Company to perform any action necessary for the Lincoln VA Contracts or the Lincoln Separate Account or the administration thereof to comply with Applicable Law, or to cease performing any action that constitutes a violation of Applicable Law in either case to the extent such action, inaction or administration constitutes a Retained Service.
As described by your Participating Insurance Company, individual holders of VA Contracts and VLI Policies may qualify for favorable tax treatment.
The Administrator shall keep accurate and complete records, files and accounts of all transactions and matters with respect to the Lincoln VA Contracts relating to the periods following or including the Effective Date and the administration thereof substantially in accordance with (i) Applicable Law and (ii) its record management practices in effect from time to time for the Administrator’s insurance business not covered by this Agreement, if any.
From and after the Effective Date and subject to Section 1.2, the Administrator shall assume all responsibility for the receipt and processing of all deposits and Contract Loan repayments with respect to the Lincoln VA Contracts and the allocation of such amounts between the General Account of Lincoln and the Lincoln Separate Account.
The Administrator shall, in a timely fashion after reasonable notice by the Company in light of the dates such filings by the Company are required, provide to the Company, all information in the possession of the Administrator with respect to the Lincoln VA Contracts that may be reasonably required for the Company to prepare such filings and tax returns.
For so long as this Agreement remains in effect, upon reasonable notice, each party shall from time to time furnish to the other such other reports and information related to Lincoln VA Contracts as may be reasonably required by such other party for regulatory, tax or similar purposes and reasonably available to it.
The Company hereby appoints the Administrator, and the Administrator hereby accepts appointment, to provide as an independent contractor of the Company, from and after the Closing Date, on the terms as set forth in this Agreement, all administrative services necessary or appropriate with respect to the Lincoln VA Contracts and the Lincoln Separate Account, including those set forth in this Agreement and on Schedule A, other than the Retained Services (defined below) (the “Lincoln Services”).
Upon the timely and reasonable request of the Company, the Administrator shall timely prepare such reports and summaries, including statistical summaries and certifications, as are necessary or reasonably required to satisfy any requirements imposed by a Governmental Entity upon the Company relating to periods following or including the Effective Date with respect to the Lincoln VA Contracts.
In addition, the Administrator shall provide the Lincoln Services (i) in accordance with the applicable terms of this Agreement, (ii) in compliance with Applicable Law, (iii) in a professional, competent and workmanlike manner and (iv) in compliance, in all material respects, with all other Material Contracts applicable to the administration of the Lincoln VA Contracts and the Lincoln Separate Account, to the extent in compliance with Applicable Law.