Common use of Authorization; Services Clause in Contracts

Authorization; Services. (a) As distributor of the Series, AFD agrees to make Class 4 shares and Class P2 shares of the Funds available that offer such share classes to the Insurance Company for itself and on behalf of the Separate Accounts on the attached Exhibit A pursuant to the terms of this Agreement. Insurance Company agrees to give the Series and CRMC at least 30 days' notice prior to adding any additional Funds or share classes of a Fund as underlying investment options to the Contracts. The Insurance Company will offer shares of the Funds in connection with the sale of Contracts to Contractholders. Fund shares to be made available to Separate Accounts for the Contracts shall be sold by the Series and purchased by the Insurance Company for a given account in accordance with the provisions of this Agreement and at the net asset value of the respective class of the respective Fund (without the imposition of a sales load) computed in accordance with the provisions of the then current Prospectus of the Series. This Agreement is in all respects subject to statements regarding the sale and repurchase or redemption of shares made in the offering prospectuses of the Funds, and to the applicable Rules of FINRA, which shall control and override any provision to the contrary in this Agreement.

Appears in 2 contracts

Samples: Fund Participation and Service Agreement (Horace Mann Life Insurance Co Separate Account), Fund Participation Agreement (Horace Mann Life Insurance Co Separate Account)

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Authorization; Services. (a) a. As distributor of the Series, AFD agrees to make Class 4 1 shares and Class P2 2 shares of the Funds available that offer such share classes to the Insurance Company for itself and on behalf of the Separate Accounts on the attached Exhibit A pursuant to the terms of this Agreement. Insurance Company agrees to give the Series and CRMC at least 30 days' ’ notice prior to adding any additional Funds or share classes of a Fund as underlying investment options to the Contracts. The Insurance Company will offer shares of the Funds in connection with the sale of Contracts to Contractholders. Fund shares to be made available to Separate Accounts for the Contracts shall be sold by the Series and purchased by the Insurance Company for a given account in accordance with the provisions of this Agreement and at the net asset value of the respective class of the respective Fund (without the imposition of a sales load) computed in accordance with the provisions of the then current Prospectus of the Series. This Agreement is in all respects subject to statements regarding the sale and repurchase or redemption of shares made in the offering prospectuses of the Funds, and to the applicable Rules of FINRA, which shall control and override any provision to the contrary in this Agreement.

Appears in 1 contract

Samples: Fund Participation and Service Agreement (Securian Life Variable Universal Life Account)

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Authorization; Services. (a) a. As distributor of the Series, AFD agrees to make Class 4 shares and Class P2 shares of the Funds listed on the attached Exhibit A available that offer such share classes to the Insurance Company Society for itself and on behalf of the Separate Accounts on the attached Exhibit A B pursuant to the terms of this Agreement. Insurance Company The Society agrees to give the Series and CRMC at least (thirty) 30 days' ’ notice prior to adding any additional Funds or share classes of a Fund as underlying investment options to the ContractsCertificates. The Insurance Company Society will offer shares of the Funds in connection with the sale of Contracts Certificates to ContractholdersCertificate Holders. Fund shares to be made available to Separate Accounts for the Contracts Certificates shall be sold by the Series and purchased by the Insurance Company Society for a given account in accordance with the provisions of this Agreement and at the net asset value of the respective class of the respective Fund (without the imposition of a sales load) computed in accordance with the provisions of the then current Prospectus of the Series. This Agreement is in all respects subject to statements regarding the sale and repurchase or redemption of shares made in the offering prospectuses of the Funds, and to the applicable Rules of FINRA, which shall control and override any provision to the contrary in this Agreement.

Appears in 1 contract

Samples: Fund Participation and Service Agreement (Modern Woodmen of America Variable Annuity Account)

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