AGENT LICENSE RECORDKEEPING Clause Samples
AGENT LICENSE RECORDKEEPING. NATIONWIDE NISC - Receives, establishes, processes, and - Cooperates with Nationwide in the Agent maintains Agent appointment records. appointment process with the broker- dealer firms. EXHIBIT B ADVERTISING AND SALES PROMOTION MATERIAL GUIDELINES FOR APPROVAL BY THE OFFICE OF SALES-FINANCIAL SERVICES In order to assure compliance with state and federal regulatory requirements and to maintain control over the distribution of promotional materials dealing with the Products, Nationwide and NISC require that ALL variable contract promotional materials be REVIEWED and APPROVED by both Nationwide and NISC PRIOR to their use. These guidelines are intended to provide appropriate regulatory and distribution controls.
1. Sufficient lead time must be allowed in the submission of all promotional material. The Office of Sales-Financial Services ("OS-FS") and NISC shall approve in writing all promotional material. Such approval shall not be unreasonably withheld, and shall be given promptly, normally within three (3) days.
2. All promotional material will be submitted in "draft" form to permit any changes or corrections to be made prior to the printing.
3. Nationwide and NISC will provide each other with details as to each and every use of all promotional material submitted. Approval for one use will not constitute approval for any other use. Different standards of review may apply when the same advertising material is intended for different uses. The following information will be provided for each item of promotional material:
a. In what jurisdiction(s) the material will be used.
b. Whether distribution will be used (e.g., brochure, mailing, 482 ads, etc.).
c. How the material will be used (e.g., brochure, mailing, 482 ads, etc.).
d. The projected date of initial use and, if a special promotion, the projected date of last use.
4. Each party will advise the other of the date it discontinues the use of any material.
5. Any changes to previously approved promotional material must be resubmitted, following these procedures. When approved material is to be put to a different use, request for approval of the material for the new use must be submitted.
6. OS-FS and NISC will assign a form number to each item of advertising and sales promotional material. This number will appear on each piece of advertising and sales promotional material. It will be used to aid in necessary filings, and to maintain appropriate controls.
7. OS-FS and NISC will provide WRITTEN APPROVAL for all ...
AGENT LICENSE RECORDKEEPING. A. Receive agent license status information from CLIENT.
1. New Agents 2. Changes in Status 3. Agents Terminated
B. Establishes, maintains or deletes agent records on computer system. EXHIBIT C SCHEDULE OF AUTHORIZED PERSONNEL The following individuals are authorized to give instructions or direction to VANTAGE with respect to matters arising in connection with the servicing to be performed under the Service Agreement: See Attached EXHIBIT D INSURANCE COVERAGE Insurance Coverages Maintained by Vantage Computer Systems, Inc.
1. Broker's Blanket Bond - Covers losses caused by dishonesty of employees, physical loss of securities on or outside of VANTAGE premises while in the possession of an authorized person and losses caused by forgery or alteration of checks or similar instruments. Coverage: $1,000,000
2. Errors and Omissions Insurance - Indemnifies against loss in providing policyholder recordkeeping services by reason of neglect, error or omission. Coverage: $1,000,000
3. Mail Insurance - Provides indemnity for securities mailed from offices of VANTAGE and lost in the mail.