Authority and Duties. (a) Principal Underwriter will serve as an underwriter and distributor on an agency basis for the Contracts which will be issued by the Company through the Separate Account. (b) Principal Underwriter will use its best efforts to provide information and marketing assistance to licensed insurance agents and broker-dealers on a continuing basis. However, Principal Underwriter shall be responsible for compliance with the requirements of state broker-dealer regulations and the Exchange Act as each applies to Principal Underwriter in connection with its duties as distributor of said Contracts. Moreover, Principal Underwriter shall conduct its affairs in accordance and compliance with the NASD Conduct Rules. (c) Subject to agreement with the Company, Principal Underwriter may enter into selling agreements with broker-dealers which are registered under the Exchange Act and/or authorized by applicable law or exemptions to sell variable annuity contracts issued by Company through the Separate Account. Any such contractual arrangement is expressly made subject to this Agreement, and Principal Underwriter will at all times be responsible to Company for supervision of compliance with the federal securities laws regarding distribution of Contracts.
Appears in 5 contracts
Samples: Principal Underwriting Agreement (Allstate Life of New York Separate Account A), Administrative Services Agreement (Lincoln Benefit Life Co), Principal Underwriting Agreement (Lincoln Benefit Life Variable Annuity Account)
Authority and Duties. (a) Principal Underwriter will serve as an underwriter and distributor on an agency basis for the Contracts which will be issued by the Company through the Separate AccountCompany.
(b) Principal Underwriter will use its best efforts to provide information and marketing assistance to licensed insurance agents and broker-dealers on a continuing basis. However, Principal Underwriter shall be responsible for compliance with the requirements of state broker-dealer regulations and the Securities Exchange Act of 1934 as each applies to Principal Underwriter in connection with its duties as distributor of said Contracts. Moreover, Principal Underwriter shall conduct its affairs in accordance and compliance with the NASD Conduct Rulesrules of Fair Practice of the NASD.
(c) Subject to agreement with the Company, Principal Underwriter may enter into selling agreements with broker-dealers which are registered under the Securities Exchange Act and/or of 1934 and authorized by applicable law or exemptions to sell variable single payment deferred annuity contracts issued by Company through the Separate AccountCompany. Any such contractual arrangement is expressly made subject to this Agreement, and Principal Underwriter will at all times be responsible to Company for supervision of compliance with the federal securities laws regarding distribution of Contracts.
Appears in 2 contracts
Samples: Underwriting Agreement (Allstate Life Insurance Co), Underwriting Agreement (Allstate Life of New York Separate Account A)
Authority and Duties. (a) Principal Underwriter will serve as an underwriter and distributor on an agency basis for the Contracts which will be issued by the Company through the Separate AccountCompany.
(b) Principal Underwriter will use its best efforts to provide information and marketing assistance to licensed insurance agents and broker-broker- dealers on a continuing basis. However, Principal Underwriter shall be responsible for compliance with the requirements of state broker-broker- dealer regulations and the Securities Exchange Act of 1934 as each applies to Principal Underwriter in connection with its duties as distributor of said Contracts. Moreover, Principal Underwriter shall conduct its affairs in accordance and compliance with the NASD Conduct Rulesrules of Fair Practice of the NASD.
(c) Subject to agreement with the Company, Principal Underwriter may enter into selling agreements with broker-dealers which are registered under the Securities Exchange Act and/or of 1934 and authorized by applicable law or exemptions to sell variable single payment deferred annuity contracts issued by Company through the Separate AccountCompany. Any such contractual arrangement is expressly made subject to this Agreement, and Principal Underwriter will at all times be responsible to Company for supervision of compliance with the federal securities laws regarding distribution of Contracts.
Appears in 2 contracts
Samples: Underwriting Agreement (Allstate Life Insurance Co), Underwriting Agreement (Allstate Life of New York Separate Account A)
Authority and Duties. (a) Principal Underwriter will serve as an underwriter and distributor on an agency basis for the Contracts which will be issued by the Company through the Separate AccountCompany.
(b) Principal Underwriter will use its best efforts to provide information and marketing assistance to licensed insurance agents and broker-broker- dealers on a continuing basis. However, Principal Underwriter shall be responsible for compliance with the requirements of state broker-broker- dealer regulations and the Securities Exchange Act of 1934 as each applies to Principal Underwriter in connection with its duties as distributor of said Contracts. Moreover, Principal Underwriter shall conduct its affairs in accordance and compliance with the NASD Conduct Rulesrules of Fair Practice of the NASD.
(c) Subject to agreement with the Company, Principal Underwriter may enter into selling agreements with broker-dealers which are registered under the Securities Exchange Act and/or of 1934 and authorized by applicable law or exemptions to sell flexible premium variable annuity underwritten life contracts issued by Company through the Separate AccountCompany. Any such contractual arrangement is expressly made subject to this Agreement, and Principal Underwriter will at all times be responsible to Company for supervision of compliance with the federal securities laws regarding distribution of Contracts.
Appears in 2 contracts
Samples: Underwriting Agreement (Allstate Life of N Y Var Life Sep Acct A), Underwriting Agreement (Allstate Life of N Y Var Life Sep Acct A)