Common use of MARKET TIMERS Clause in Contracts

MARKET TIMERS. 7.1 LIFE COMPANY will develop, implement and maintain policies and procedures to discourage use of the Separate Accounts by market timers in consultation with TRUST. If LIFE COMPANY proposes to modify such policies and procedures following their implementation, LIFE COMPANY will first discuss its proposal with TRUST and will not modify such policies and procedures so as to make them less effective in deterring short-term redemptions without TRUST's written consent. 7.2 LIFE COMPANY will develop, implement and maintain procedures as necessary or applicable to further any market timing policies and procedures established by a Portfolio. 7.3 If a Portfolio or TRUST advises LIFE COMPANY that a pattern or patterns of transactions involving short-term trading in one or more Separate Accounts is having an adverse effect on the Portfolio, LIFE COMPANY will promptly develop and implement mutually acceptable policies and procedures to prevent such trading. The parties hereto acknowledge that, if necessary, such policies and procedures may include the identification of Separate Account participants engaged in such short-term trading and the imposition of complete or partial restrictions on their requests to purchase certain Shares. 7.4 LIFE COMPANY will monitor Separate Account participant activity in the Separate Accounts to control short-term trading and market-timing activity, and to further each Portfolio's policies regarding such trading activity. 7.5 LIFE COMPANY will be liable for all reasonable costs of canceling Separate Account participant trades that have violated, or that TRUST suspects may have violated, a Portfolio's policies regarding short-term trading or market timing activities.

MARKET TIMERS. 7.1 LIFE COMPANY will develop, implement and maintain policies and procedures to discourage use of the Separate Accounts by market timers in consultation with TRUST. If LIFE COMPANY proposes to modify such policies and procedures following their implementation, LIFE COMPANY will first discuss its proposal with TRUST and will not modify such policies and procedures so as to make them less effective in deterring short-term redemptions without TRUST's written consent. 7.2 LIFE COMPANY will develop, implement and maintain procedures as necessary or applicable to further any market timing policies and procedures established by a Portfolio. 7.3 If a Portfolio or TRUST advises LIFE COMPANY that a pattern or patterns of transactions involving short-term trading in one or more Separate Accounts is having an adverse effect on the Portfolio, LIFE COMPANY will promptly develop and implement mutually acceptable policies and procedures to prevent such trading. The parties hereto acknowledge that, if necessary, such policies and procedures may include the identification of Separate Account participants engaged in such short-term trading and the imposition of complete or partial restrictions on their requests to purchase certain Shares. 7.4 LIFE COMPANY will monitor Separate Account participant activity in the Separate Accounts to control short-term trading and market-timing activity, and to further each Portfolio's policies regarding such trading activity. 7.5 LIFE COMPANY will be liable for all reasonable costs of canceling Separate Account participant trades that have violated, or that TRUST suspects may have violated, a Portfolio's policies regarding short-term short4erm trading or market timing activities.

MARKET TIMERS. 7.1 LIFE COMPANY will develop, implement and maintain policies and procedures to discourage use of the Separate Accounts by market timers in consultation with TRUST. If LIFE COMPANY proposes to modify such policies and procedures following their implementation, LIFE COMPANY will first discuss its proposal with TRUST and will not modify such policies and procedures so as to make them less effective in deterring short-term redemptions without TRUST's written consent. . 7.2 LIFE COMPANY will develop, implement and maintain procedures as necessary or applicable to further any market timing policies and procedures established by a Portfolio. 7.3 If a Portfolio or TRUST advises LIFE COMPANY that a pattern or patterns of transactions involving short-term trading in one or more Separate Accounts is having an adverse effect on the Portfolio, LIFE COMPANY will promptly develop and implement mutually acceptable policies and procedures to prevent such trading. The parties hereto acknowledge that, if necessary, such policies and procedures may include the identification of Separate Account participants engaged in such short-term trading and the imposition of complete or partial restrictions on their requests to purchase certain Shares. 7.4 LIFE COMPANY will monitor Separate Account participant activity in the Separate Accounts to control short-term trading and market-timing activity, and to further each Portfolio's policies regarding such trading activity. 7.5 LIFE COMPANY will be liable for all reasonable costs of canceling Separate Account participant trades that have violated, or that TRUST suspects may have violated, a Portfolio's policies regarding short-term trading or market timing activities.