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AN-700 (03/21) 11 Alliance 2021 <br /> <br />ARTICLE 7 – GENERAL PROVISIONS <br />Section <br /> <br />7.01 This Contract, any amendments, endorsements and riders, together with the application signed by <br />You constitutes the entire Contract between You and Us. <br /> <br />7.02 We may rely on any action or information provided by You under the terms of this Contract and will <br />be relieved and discharged from any further liability to any party in acting at the direction and upon <br />Your authority. All statements made by You will be deemed representations and not warranties. <br /> <br />7.03 Except as allowed by the Plan or applicable law, neither this Contract nor the Pa rticipant's interest <br />in this Contract may be transferred, sold, assigned, discounted or pledged, either as collateral for a <br />loan or as security for the performance of an obligation or for any other purpose. <br /> <br />7.04 We have the right to amend this Contract to maintain the Contract under applicable local, state, or <br />federal laws or regulations, such as the Internal Revenue Code, Internal Revenue Service <br />regulations, or published revenue rulings. We will provide You with Notice of amendments made to <br />comply with applicable law 60 days prior to the change or as soon as administratively practicable. If <br />you do not wish to accept this change you ma y terminate this Contract pursuant to the termination <br />provision in Section 6.01. <br /> <br />7.05 You and We may also mutually agree to amend this Contract. No amendment will adversely affect <br />the terms of any certificate that has already been issued to an Annuitant under the provisions of this <br />Contract. <br /> <br />7.06 Only an authorized Officer of the Company may make or modify the terms of the Contract or any <br />of its Amendments, Endorsements or Riders. Any such changes must be provided in a Notice in <br />order to be effective. <br /> <br />7.07 We are not liable to provide sufficient funds to provide the Plan's benefits. <br /> <br />7.08 Our failure to perform or insist upon the strict performance of any provision or condition of this <br />Contract will not: <br /> <br />a. constitute a waiver of Our rights to perform or require performance of such provision or <br />condition; or <br /> <br />b. prohibit Us from exercising any other rights We may have in such provision, condition, or <br />otherwise in this Contract. <br /> <br />7.09 If any provision of this Contract is determined to be invalid, the remain der of the provisions will <br />remain in full force and effect. <br /> <br />7.10 Federal, state or local government premium tax, if applicable, will be deducted from either the <br />Contribution when received or at time of withdrawal or annuitization. <br /> <br />7.11 We are not a trustee for assets held in this Contract. <br /> <br />7.12 If an error is found, We will agree to credit the Contract (for any loss) or recover assets previously <br />deposited under this Contract, for any gain, to correct the error. If required, We will utilize legal <br />remedies to pursue correction of the error.