CHANGE IN OWNER. Any changes in Owner designation, unless otherwise specified by the Owner, shall take effect on the date the notice of change is signed by the Owner, subject to any payments made or actions taken by us prior to receipt of this notice.
Appears in 2 contracts
Sources: Flexible Premium Deferred Fixed and Variable Annuity Contract (Separate Account No. 70 of AXA Equitable Life Insurance Co), Flexible Premium Deferred Fixed and Variable Annuity Contract (Separate Acct No 49 of Axa Equitable Life Insurance Co)
CHANGE IN OWNER. Any changes in Owner designation, unless otherwise specified by the Owner, shall take effect on the date the notice of change is signed by the Owner, subject to any payments made or actions taken by us prior to receipt of this notice. To effect a change of ownership, the Owner must submit a properly completed change of ownership administrative form. There is no restriction on change of Owner other than for purposes of satisfying applicable laws or regulations.
Appears in 1 contract
Sources: Flexible Premium Deferred Variable Annuity Contract (Universal Life Separate Account Fortune VII)