Common use of Department Notification Clause in Contracts

Department Notification. (i) Statement explaining circumstances and reasons for delay in submitting forms within twelve months for group annuity. (ii) Follow-up statement every six months for group annuity until form is submitted. If reason for delay is unacceptable, Department may pursue a violation under Section 4241 for willful violation of the prior approval requirement.

Department Notification. (ia) Statement A statement explaining the circumstances and reasons for the delay in submitting the forms must be submitted within twelve months for group annuitymonths. (iib) FollowA follow-up statement must be submitted every six months for group annuity until the form is submitted. If the reason for the delay is unacceptable, the Department may pursue a violation under Section 4241 for willful violation of the prior approval requirement.

Department Notification. (i) Statement explaining circumstances and reasons for delay in submitting forms within twelve 12 months for group annuityannuity contracts. (ii) Follow-up statement every six months for group annuity until form is submitted. If reason for delay is unacceptable, Department may pursue a violation under Section 4241 for willful violation of the prior approval requirement.