Common use of Authorized Request Clause in Contracts

Authorized Request. A signed and dated request that is in Good Order. A request to change your allocation instructions must be signed by all Owners. A request to change a party to the contract, change the Payout Date or request a partial withdrawal or full surrender of the contract must be signed by all Owners and any Irrevocable Beneficiary. An Authorized Request may also include a phone, fax or electronic request for specific transactions that you make under the terms of an executed phone, fax or electronic authorization with an original signature(s), on file at our Administrative Office. Bailout Rate. Refer to the definition in Section 7.01.