ADMINISTRATIVE FUNCTIONS AND SERVICES. Completed applications for the Contracts shall be transmitted directly to the Company whereupon they shall be reviewed by an agent for the Distributor and if approved by such agent, the applications shall proceed to be processed by the Company for acceptance or rejection in accordance with rules and procedures established by the Company. Initial and subsequent premium payments under the Contracts shall be made payable to the Company. The Company shall perform all other administrative function and services in connection with the Contracts.
Appears in 4 contracts
Samples: Assignment and Novation Agreement (Separate Account a of Union Security Life Ins Co of New York), Assignment and Novation Agreement (Union Security Life Insurance Co of New York), Assignment and Novation Agreement (Union Security Life Insurance Co of New York)
ADMINISTRATIVE FUNCTIONS AND SERVICES. Completed applications for the Contracts shall be transmitted directly to the Company whereupon they shall be reviewed by an or its designated agent for the Distributor and if approved by such agent, the applications shall proceed to be processed by the Company for acceptance or rejection in accordance with rules and procedures established by the Company. Initial and subsequent premium payments under the Contracts shall be made payable to the CompanyCompany and shall be delivered to the Company or its designated agent; any such payments that are received in error by the Distributor shall be forwarded by the Distributor to the Company or its designated agent promptly after such receipt. The Company shall perform all All other administrative function functions and services in connection with the ContractsContracts shall be performed by the Company.
Appears in 3 contracts
Samples: Distributor Agreement (Western Southern Life Assurance Co Separate Account 2), Distributor Agreement (Columbus Life Separate Account 1), Distributor Agreement (Columbus Life Separate Account 1)
ADMINISTRATIVE FUNCTIONS AND SERVICES. Completed applications for the Contracts shall be transmitted directly to the Company whereupon they shall be reviewed by an Distributor as agent for the Distributor Company and if approved by such agent, the applications shall proceed be forwarded to be processed by the Company for acceptance or rejection in accordance with rules and procedures established by the Company. Initial and subsequent premium payments under the Contracts shall be made payable to the CompanyDistributor and shall be forwarded by Distributor to the Company promptly after receipt by the Distributor, less any amounts the parties may agree that the Distributor may retain. The Company shall perform all other administrative function functions and services in connection with the Contracts.
Appears in 1 contract
Samples: Principal Underwriter and Servicing Agreement (Variable Account D of Fortis Benefits Insurance Co)
