CHANGE OF OCCUPATION. The Policyholder is required to inform the Company of any change in the occupation, profession, or hobbies of the Life Insured, occurring during the term of this RIDER, failing which the Company may decline the Benefits in case the Death by Accident arises out of such changed occupation, profession or hobbies. In the event of such a change the Company, in its absolute and sole discretion, reserves the right to take such action as it may deem appropriate.
Appears in 4 contracts
Sources: Accidental Death Benefit Rider, Group Accidental Death Benefit Rider, Group Accidental Death Benefit Rider
CHANGE OF OCCUPATION. The Policyholder is required to inform the Company of any change in the occupation, profession, or hobbies of the Life Insured, occurring during the term of this RIDER, failing which the Company may decline the Benefits in case the Death Total and Permanent Disability by Accident or Sickness arises out of such changed occupation, profession or hobbies. In the event of such a change the Company, in its absolute and sole discretion, reserves the right to take such action as it may deem appropriate.
Appears in 2 contracts
Sources: Rider Contract, Group Insurance Rider