Common use of FORMAL REQUEST Clause in Contracts

FORMAL REQUEST. An electronic or written request in a form satisfactory to the Company that is received by the Administrative Office. GENERAL ACCOUNT: The Company's general investment account that contains all the assets of the Company except for the Separate Account and other segregated asset accounts. GOOD ORDER: Receipt by the Company of all information necessary for processing a request. Good Order will be determined by the Company. MARKET VALUE ADJUSTMENT: An adjustment to the amount withdrawn or transferred from an MVA Account prior to the end of the applicable Guarantee Period. The adjustment reflects the change in the value of the funds withdrawn or transferred due to the change in the interest rates since the beginning of the Guarantee Period. MVA ACCOUNT: An investment option within the General Account, which provides investment options where the Company guarantees the rate of interest for a specified Guarantee Period and where withdrawals or transfers may be subject to a Market Value Adjustment. OWNER/JOINT OWNER: The person(s) entitled to exercise all rights under this contract (You, Your).