AGENT INSURANCE COMPLIANCE. Agency, prior to allowing Agents or Representatives to solicit for sales or sell Traditional Life Insurance Policies, shall require such agents to be validly insurance licensed, registered and appointed by Insurer as a life insurance agent in accordance with the jurisdictional requirements of the place where the solicitations and sales take place as well as the solicited person's or entity's place of residence. Agency shall assist Insurer in the appointment of Agents and Representatives under the applicable insurance laws to sell Traditional Life Insurance Policies. Agency shall fulfill all Insurer requirements in conjunction with the submission of licensing/appointment papers for all applicants as insurance agents of Insurer. All such licensing/appointment papers shall be submitted to Insurer or its duly appointed agent by Agency. Notwithstanding such submission, Insurer shall have sole discretion to appoint, refuse to appoint, discontinue, or terminate the appointment of any Agent or Representative as an insurance agent of Insurer.
Appears in 5 contracts
Samples: Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co), Broker Dealer Agency Selling Agreement (Select Life Variable Account), Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co)
AGENT INSURANCE COMPLIANCE. Agency, prior to allowing Agents or Representatives to solicit for sales or sell Traditional Life Insurance Policies, shall require such agents to be validly insurance licensed, registered and appointed by Insurer as a life insurance agent in accordance with the jurisdictional requirements of the place where the solicitations and sales take place as well as the solicited person's or entity's place of residence. Agency shall assist Insurer in the appointment of Agents and Representatives under the applicable insurance laws to sell Traditional Life Insurance Policies. Agency shall fulfill all Insurer requirements in conjunction with the submission of licensing/appointment papers for all applicants as insurance agents of Insurer. All such licensing/appointment papers shall be submitted to Insurer or its duly appointed agent by Agency. Notwithstanding such submission, Insurer shall have sole discretion to appoint, refuse to appoint, discontinue, or terminate the appointment of any Agent or Representative as an insurance agent of Insurer.
Appears in 1 contract
Samples: Broker/Dealer Agency Selling Agreement (Separate Account One of Northern Life Insurance Co)
