New Policies. Pursuant to and in accordance with the Charter Coinsurance Agreement, Charter will, at Buyer's request, continue to underwrite and issue new annuity contracts at and after the Closing Date to residents of certain states until the earlier to occur of (i) 90 days after receipt by Charter of a written notice from Buyer requesting that Charter cease underwriting and issuing such contracts or (ii) the third anniversary of the Closing Date. Pursuant to and in accordance with the ILIC Coinsurance Agreement, ILIC will, at Buyer Subsidiary's request, continue to underwrite and issue new annuity contracts at and after the Closing Date to residents of the State of New York until the earlier to occur of (i) 90 days after receipt by ILIC of a written notice from Buyer Subsidiary requesting that ILIC cease underwriting and issuing such contracts or (ii) the third anniversary of the Closing Date.
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Sources: Purchase Agreement (Charter National Variable Annuity Account), Purchase Agreement (Intramerica Variable Annuity Account)
New Policies. Pursuant to and in accordance with the Charter ------------ Coinsurance Agreement, Charter will, at Buyer's request, continue to underwrite and issue new annuity contracts at and after the Closing Date to residents of certain states until the earlier to occur of (i) 90 days after receipt by Charter of a written notice from Buyer requesting that Charter cease underwriting and issuing such contracts or (ii) the third anniversary of the Closing Date. Pursuant to and in accordance with the ILIC Coinsurance Agreement, ILIC will, at Buyer Subsidiary's request, continue to underwrite and issue new annuity contracts at and after the Closing Date to residents of the State of New York until the earlier to occur of (i) 90 days after receipt by ILIC of a written notice from Buyer Subsidiary requesting that ILIC cease underwriting and issuing such contracts or (ii) the third anniversary of the Closing Date.
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