Common use of Authority to Recommend Agent Appointments Clause in Contracts

Authority to Recommend Agent Appointments. The General Agent may recommend Agents to Equitable for appointment as Appointed Agents. Equitable reserves the right in its sole discretion to refuse to appoint any Agent proposed by the General Agent as an Appointed Agent. Equitable also reserves the right, in its sole discretion, to terminate the appointment of any Appointed Agent. The making of any recommendation by the General Agent shall be deemed to constitute the warranty and representation of the General Agent that the individual being recommended (a) satisfies all the criteria set forth in the definition of "Agent" in this Agreement and (b) has the qualifications, good character and moral fitness to act as an Appointed Agent and to hold himself or herself out as such to the general public. The General Agent shall, upon written request, confirm such warranties and representations in writing and shall furnish Equitable with evidence of the same, acceptable to Equitable and including, without limitation, proof of proper licensing and registration. It is also understood and agreed that all matters concerning the licensing and/or registration of any individual recommended for appointment as an Appointed Agent under any applicable state insurance law shall be a matter directly between the General Agent and such individual. The General Agent shall promptly notify Equitable in writing if, at any time during the term hereof, any Appointed Agent fails to satisfy any of the qualifications set forth in the foregoing warranty and representation. Nothing in this Agreement shall be construed as requiring Equitable to obtain a license or registration or issue a consent or appointment to enable any particular individual to sell any Product. Equitable shall have no obligation or responsibility for licensing insurance agents under applicable state insurance laws.

Authority to Recommend Agent Appointments. The General Agent may recommend Agents to Equitable MONY Life for appointment as Appointed Agents. Equitable MONY Life reserves the right in its sole discretion to refuse to appoint any Agent proposed by the General Agent as an Appointed Agent. Equitable MONY Life also reserves the right, in its sole discretion, to terminate the appointment of any Appointed Agent. The making of any recommendation by the General Agent shall be deemed to constitute the warranty and representation of the General Agent that the individual being recommended (a) satisfies all the criteria set forth in the definition of "Agent" in this Agreement and (b) has the qualifications, good character and moral fitness to act as an Appointed Agent and to hold himself or herself out as such to the general public. The General Agent shall, upon written request, confirm such warranties and representations in writing and shall furnish Equitable MONY Life with evidence of the same, acceptable to Equitable MONY Life and including, without limitation, proof of proper licensing and registration. It is also understood and agreed that all matters concerning the licensing and/or registration of any individual recommended for appointment as an Appointed Agent under any applicable state insurance law shall be a matter directly between the General Agent and such individual. The General Agent shall promptly notify Equitable in writing MONY Life if, at any time during the term hereof, any Appointed Agent fails to satisfy any of the qualifications set forth in the foregoing warranty and representation. Nothing in this Agreement shall be construed as requiring Equitable MONY Life to obtain a license or registration or issue a consent or appointment to enable any particular individual to sell any Product. Equitable MONY Life shall have no obligation or responsibility for licensing insurance agents under applicable state insurance laws.

Authority to Recommend Agent Appointments. The General Agent may recommend Agents to Equitable MONY America for appointment as Appointed Agents. Equitable MONY America reserves the right in its sole discretion to refuse to appoint any Agent proposed by the General Agent as an Appointed Agent. Equitable MONY America also reserves the right, in its sole discretion, to terminate the appointment of any Appointed Agent. The making of any recommendation by the General Agent shall be deemed to constitute the warranty and representation of the General Agent that the individual being recommended (a) satisfies all the criteria set forth in the definition of "“Agent" ” in this Agreement and (b) has the qualifications, good character and moral fitness to act as an Appointed Agent and to hold himself or herself out as such to the general public. The General Agent shall, upon written request, confirm such warranties and representations in writing and shall furnish Equitable MONY America with evidence of the same, acceptable to Equitable MONY America and including, without limitation, proof of proper licensing and registration. It is also understood and agreed that all matters concerning the licensing and/or registration of any individual recommended for appointment as an Appointed Agent under any applicable state insurance law shall be a matter directly between the General Agent and such individual. The General Agent shall promptly notify Equitable in writing MONY America if, at any time during the term hereof, any Appointed Agent fails to satisfy any of the qualifications set forth in the foregoing warranty and representation. Nothing in this Agreement shall be construed as requiring Equitable MONY America to obtain a license or registration or issue a consent or appointment to enable any particular individual to sell any Product. Equitable MONY America shall have no obligation or responsibility for licensing insurance agents under applicable state insurance laws.