Contract Settlement. The Company may require the Certificate Agreement to be returned to the Home Office prior to making any payments. All sums payable to or by the Company under this Certificate Agreement are payable at the Home Office. EVIDENCE OF SURVIVAL Where any payments under this Certificate Agreement depend on the recipient being alive on a given date, proof that such person is living may be required by the Company. Such proof may be required prior to making the payments. ALTERATION OR MODIFICATION All changes in or to the terms of the Contract or the Certificate Agreement must be: (1) made in writing; and (2) signed by the President or Secretary of the Company. No other person can alter or change any of the terms or conditions of the Contract or Certificate Agreement. The Company reserves the right to: (1) not accept any new Certificate Owners into the Contract as of a specified date; (2) discontinue the Fixed Account option for any new Certificate Owner as of a specified date; and not accept future deposits into the Fixed Account from existing Certificate Owners.
Appears in 2 contracts
Sources: Group Modified Single Purchase Payment Deferred Variable Annuity Contract (Nationwide Fidelity Advisor Annuity Variable Account), Group Modified Single Purchase Payment Deferred Variable Annuity Contract (Nationwide Variable Account 9)