Common use of ADMINISTRATIVE SYSTEM Clause in Contracts

ADMINISTRATIVE SYSTEM. Security Benefit represents and warrants to Investment Services and Price Associates that it has implemented the administrative systems and procedures necessary to issue, underwrite for insurance purposes, service and administer the Contracts and administer the Separate Accounts in accordance with the terms and provisions of this Agreement.

Appears in 5 contracts

Samples: Master Agreement (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny), Master Agreement (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny), Master Agreement (Price T Rowe Variable Annuity Account)

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