Common use of Basic Rules of Conduct Clause in Contracts

Basic Rules of Conduct. The Broker-Dealer and the General Agent shall ensure that each Agent shall comply with a standard of conduct including, but not limited to, the following: a. An Agent shall be duly qualified, licensed and registered to solicit and participate in the sale of Contracts as provided in Article III. b. An Agent shall not solicit applications for the Contracts without delivering the appropriate Contract Prospectus(es) the Trust Prospectus and, where required by state insurance law (as set forth in a notice to be supplied by the Equitable Life Companies), the then currently effective statement of additional information for the Contracts, and any other information whose delivery is specifically required. In soliciting applications for the Contracts, an Agent shall only make statements, oral or written, which are in accordance with the Contract Prospectus, the Trust Prospectus and written sales literature regarding the Contracts authorized by the Distributor. An Agent shall utilize only those applications for the Contracts provided to the General Agent by the Distributor. c. An Agent shall recommend the purchase of a Contract to an applicant only if he or she has reasonable grounds to believe that such purchase is suitable for the applicant in accordance with, among other things, applicable regulations of any state regulatory authority, the SEC and the NASD. While not limited to the following, a determination of suitability shall be based on information supplied to an Agent after a reasonable inquiry concerning the applicant's insurance and investment objectives and financial situation and needs. d. An Agent shall require that any payment of an initial Premium, whether in the form of a check or otherwise, shall be drawn in U.S. dollars on a bank located in the United States and made payable to the appropriate Equitable Life Company and, if in the form of a check, signed by the applicant for the Contract. An Agent shall not accept third-party checks or cash for Premiums. e. All checks and applications for the Contracts received by an Agent shall be forwarded promptly, and in any event not later than two business days after receipt, to the processing office designated by the Equitable Life Companies. f. Every Contract received by an Agent shall be delivered promptly, and in any event not later than five calendar days after receipt, to its purchaser. g. Any checks representing a return or refund of Premium which are received by an Agent for delivery to an applicant or purchaser shall be delivered promptly to the designated recipient. h. An Agent shall have no authority to endorse checks to an Equitable Life Company. i. An Agent shall have no authority to alter, modify, waive or change any of the terms, rates, charges or conditions of the Contracts. j. An Agent shall make no representations concerning the continuation of non-guaranteed terms or provisions of the Contracts. k. An Agent shall have no authority to advertise for, on behalf of, or with respect to an Equitable Life Company, the Distributor, the Variable Accounts, the MVA Interests, the Contracts or the Trust without prior written approval and authorization from the Distributor. l. An Agent shall have no authority to solicit applications for Contracts or Premiums thereunder which will be subject to or in connection with any so-called "market timing" or "asset allocation" program, plan, arrangement or service which is an unapproved program. m. An Agent shall not furnish any transfer or other instructions by telephone to an Equitable Life Company on behalf of an owner of a Contract without having first obtained from such owner a written authorization in a form acceptable to the Equitable Life Companies. n. An Agent shall not encourage a prospective purchaser to surrender or exchange an insurance policy or contract issued by an Equitable Life Company in order to purchase a Contract or, conversely, to surrender or exchange a Contract in order to purchase another insurance policy or contract issued by an Equitable Life Company, except to the extent such surrenders or exchanges have been authorized by the Distributor. In the event that an insurance policy or contract issued by an Equitable Life Company is surrendered or exchanged in order to purchase a Contract, no compensation shall be paid under this Agreement. o. An Agent shall act in accordance with the rules and procedures of the Equitable Life Companies, including their policy statements on ethical conduct, in connection with any solicitation activities relating to the Contracts.

Basic Rules of Conduct. The Broker-Dealer and the General Agent shall ensure that each Agent shall comply with a standard of conduct including, but not limited to, the following: a. An Agent shall be duly qualified, licensed and registered to solicit and participate in the sale of Contracts as provided in Article III. b. An Agent shall not solicit applications for the Contracts without delivering the appropriate Contract Prospectus(es) ), the Trust Prospectus and, where required by state insurance law (as set forth in a notice to be supplied by the AXA Equitable Life Companies), the then currently effective statement of additional information for the Contracts, and any other information whose delivery is specifically required. In soliciting applications for the Contracts, an Agent shall only make statements, oral or written, which are in accordance with the Contract Prospectus, the Trust Prospectus and written sales literature regarding the Contracts authorized by the Distributor. An Agent shall utilize only those applications for the Contracts provided to the General Agent by the Distributor. c. An Agent shall recommend the purchase of a Contract to an applicant only if he or she has reasonable grounds to believe that such purchase is suitable for the applicant in accordance with, among other things, applicable regulations of any state regulatory authority, the SEC and the NASDFINRA. While not limited to the following, a determination of suitability shall be based on information supplied to an Agent after a reasonable inquiry concerning the applicant's ’s insurance and investment objectives and financial situation and needs. d. An Agent shall require that any payment of an initial Premium, whether in the form of a check or otherwise, shall be drawn in U.S. dollars on a bank located in the United States and made payable to the appropriate AXA Equitable Life Company and, if in the form of a check, signed by the applicant for the Contract. An Agent shall not accept third-party checks or cash for Premiums. e. All checks and applications for the Contracts received by an Agent shall be forwarded promptly, promptly and in any event not later than two business days after receipt, to the processing office designated by the AXA Equitable Life Companies. f. Every Contract received by an Agent shall be delivered promptly, and in any event not later than five calendar days after receipt, to its purchaser. g. Any checks representing a return or refund of Premium which are received by an Agent for delivery to an applicant or purchaser shall be delivered promptly to the designated recipient. h. An Agent shall have no authority to endorse checks to an AXA Equitable Life Company. i. g. An Agent shall have no authority to alter, modify, waive or change any of the terms, rates, charges or conditions of the Contracts. j. h. An Agent shall make no representations concerning the continuation of non-guaranteed terms or provisions of the Contracts. k. i. An Agent shall have no authority to advertise for, on behalf of, or with respect to an AXA Equitable Life Company, the Distributor, the Variable Accounts, the MVA Interests, the Contracts or the Trust without prior written approval and authorization from the Distributor. l. An Agent shall have no authority to solicit applications for Contracts or Premiums thereunder which will be subject to or in connection with any so-called "market timing" or "asset allocation" program, plan, arrangement or service which is an unapproved program. m. An Agent shall not furnish any transfer or other instructions by telephone to an Equitable Life Company on behalf of an owner of a Contract without having first obtained from such owner a written authorization in a form acceptable to the Equitable Life Companies. n. An Agent shall not encourage a prospective purchaser to surrender or exchange an insurance policy or contract issued by an Equitable Life Company in order to purchase a Contract or, conversely, to surrender or exchange a Contract in order to purchase another insurance policy or contract issued by an Equitable Life Company, except to the extent such surrenders or exchanges have been authorized by the Distributor. In the event that an insurance policy or contract issued by an Equitable Life Company is surrendered or exchanged in order to purchase a Contract, no compensation shall be paid under this Agreement. o. An Agent shall act in accordance with the rules and procedures of the Equitable Life Companies, including their policy statements on ethical conduct, in connection with any solicitation activities relating to the Contracts.

Basic Rules of Conduct. The Broker-Dealer and the General Agent shall ensure that the General Agent and each Agent shall comply with a standard of conduct including, but not limited to, the following: a. An Agent shall be duly qualified, licensed and registered to solicit and participate in the sale of Contracts the Product as provided in Article III. b. An Agent shall not solicit applications for the Contracts Product without delivering the appropriate Contract Prospectus(es) the Trust Product Prospectus and, where required by state insurance law (as set forth in a notice to be supplied by the AXA Equitable Life Companies), the then currently effective statement of additional information for the ContractsProduct, and any other information whose delivery is specifically required. In soliciting applications for the ContractsProduct, an the General Agent shall only make statements, oral or written, which are in accordance with the Contract Prospectus, the Trust Product Prospectus and written sales literature regarding the Contracts Product authorized by the Distributor. An Agent shall utilize only those applications for the Contracts Product provided to the General Agent by the Distributor. c. An Agent shall recommend the purchase of a Contract the Product to an applicant M&A Party only if he or she has reasonable grounds to believe that such purchase is suitable for the applicant M&A Party in accordance with, among other things, applicable regulations of any state regulatory authority, the SEC and the NASDFINRA. While not limited to the following, a determination of suitability shall be based on information supplied to an the General Agent after a reasonable inquiry concerning the applicant's M&A Party’s insurance and investment objectives and financial situation and needs. d. An The General Agent shall require that any payment of an initial PremiumPurchase Payments, whether in the form of a check or otherwise, shall be drawn in U.S. dollars on a bank located in the United States and made payable to the appropriate AXA Equitable Life Company and, if in the form of a check, signed by the applicant for M&A Party purchasing the ContractProduct. An Agent shall not accept third-party checks or cash for Premiumsas a Purchase Payment. e. All checks and applications for the Contracts Product received by an the General Agent shall be forwarded promptly, promptly and in any event not later than two business days after receipt, to the processing office designated by the AXA Equitable Life Companies. f. Every Contract received by Neither an Agent shall be delivered promptly, and in any event not later than five calendar days after receipt, to its purchaser. g. Any checks representing a return or refund of Premium which are received by an Agent for delivery to an applicant or purchaser shall be delivered promptly to nor the designated recipient. h. An General Agent shall have no authority to endorse checks to an Equitable Life CompanyAXA Equitable. i. An g. Neither an Agent nor the General Agent shall have no authority to alter, modify, waive or change any of the terms, rates, charges or conditions of the ContractsProduct. j. An h. Neither an Agent nor the General Agent shall make no representations concerning the continuation of non-guaranteed terms or provisions of the ContractsProduct. k. An i. The General Agent shall have no authority to advertise for, on behalf of, or with respect to an AXA Equitable Life Company, the Distributor, the Variable AccountsSeparate Account, the MVA Interests, the Contracts or the Trust Product without prior written approval and authorization from the Distributor. l. An Agent shall have no authority to solicit applications for Contracts or Premiums thereunder which will be subject to or in connection with any so-called "market timing" or "asset allocation" program, plan, arrangement or service which is an unapproved program. m. An j. The General Agent shall not furnish any transfer or other instructions by telephone to an the AXA Equitable Life Company Companies on behalf of an owner of a Contract Product without having first obtained from such owner a written authorization in a form acceptable to the AXA Equitable Life Companies. n. An Agent shall not encourage a prospective purchaser to surrender or exchange an insurance policy or contract issued by an Equitable Life Company in order to purchase a Contract or, conversely, to surrender or exchange a Contract in order to purchase another insurance policy or contract issued by an Equitable Life Company, except to the extent such surrenders or exchanges have been authorized by the Distributor. In the event that an insurance policy or contract issued by an Equitable Life Company is surrendered or exchanged in order to purchase a Contract, no compensation shall be paid under this Agreement. o. An Agent shall act in accordance with the rules and procedures of the Equitable Life Companies, including their policy statements on ethical conduct, in connection with any solicitation activities relating to the Contracts.

Basic Rules of Conduct. The Broker-Dealer and the General Agent shall ensure that each Agent shall comply with a standard all standards of conduct under applicable law including, but not limited to, the following: a. An Agent shall be duly qualified, licensed and registered to solicit and participate in the sale of Contracts as provided in Article III. b. An Agent shall not solicit applications for the Contracts without delivering the appropriate Contract Prospectus(es) the Trust Prospectus and, where required by state insurance law (as set forth in a notice to be supplied made available by the Equitable Life CompaniesFLIAC), the then currently effective statement of additional information for the Contracts, and any other information whose delivery is specifically required. In soliciting applications for the Contracts, an Agent shall make only make those statements, oral or written, which are in accordance with the applicable Contract Prospectus, the Trust Prospectus and written sales literature regarding the Contracts authorized by the DistributorForesters. An Agent shall utilize only those applications for the Contracts provided to the General Agent by the DistributorForesters. c. An Agent shall not recommend the purchase of of, or other transaction involving, a Contract to an applicant only if he or she applicant, unless the Agent has reasonable grounds to believe that such purchase is suitable for recommendation meets all applicable suitability, standard of care, and similar requirements imposed under the applicant in accordance with, among other things, applicable federal or state law or by regulations of adopted by any state insurance regulatory authority, the SEC and the NASDSEC, FINRA, or any other applicable law or regulation, in effect when this Agreement is executed or that may become applicable while this Agreement is in effect. While not limited to the following, a determination of suitability whether a recommendation meets applicable requirements shall be based on information supplied to an Agent by the applicant after a reasonable inquiry concerning the applicant's insurance and investment objectives and financial situation and needs. d. An Agent shall require that any payment of an initial Premium, whether in the form of a check or otherwise, shall be drawn in U.S. dollars on a bank or other appropriate financial institution located in the United States and made payable to the appropriate Equitable Life Company FLIAC and, if in the form of a check, signed by the applicant for the Contract. An Agent shall not accept third-party checks or cash for Premiums. e. All checks and applications for the Contracts received by an Agent shall be forwarded promptly, and in any event not later than two (2) business days after receipt, to the processing office designated by the Equitable Life CompaniesFLIAC. f. Every Contract received by an Agent shall be delivered promptly, and in any event not later than five calendar days after receipt, to its purchaser. g. Any checks representing a return or refund of Premium which are received by an Agent for delivery to an applicant or purchaser shall be delivered promptly to the designated recipient. h. An Agent shall have no authority to endorse checks to an Equitable Life CompanyFLIAC. i. g. An Agent shall have no authority to alter, modify, waive or change any of the terms, rates, charges or conditions of the Contracts. j. h. An Agent shall make no representations concerning the continuation of non-guaranteed terms or provisions of the Contracts. k. i. An Agent shall have no authority to advertise for, on behalf of, or with respect to an Equitable Life CompanyFLIAC, the Distributor, the Variable Accounts, the MVA Interests, the Contracts or the Trust without prior written approval and authorization from the Distributor. l. j. An Agent shall have no authority to solicit applications for Contracts or Premiums thereunder which will be subject to or in connection with any so-called "market timing" or "asset allocation" program, plan, arrangement or service which is an unapproved program. m. k. An Agent shall not furnish any transfer or other instructions by telephone to an Equitable Life Company FLIAC on behalf of an owner of a Contract without having first obtained from such owner a written authorization for telephonic instructions in a form acceptable to the Equitable Life CompaniesFLIAC. n. l. An Agent shall not encourage a prospective purchaser to surrender or exchange an insurance policy or contract issued by an Equitable Life Company FLIAC in order to purchase a Contract or, conversely, to surrender or exchange a Contract in order to purchase another insurance policy or contract issued by an Equitable Life CompanyFLIAC, except to the extent such surrenders or exchanges have been authorized by the Distributor. In the event that an insurance policy or contract issued by an Equitable Life Company FLIAC is surrendered or exchanged in order to purchase a ContractContract in the absence of such authorization by the Distributor, no compensation shall be paid under this Agreement. o. m. An Agent shall act in accordance with the rules and procedures of the Equitable Life Companies, including their policy statements on ethical conduct, FLIAC in connection with any solicitation activities relating to the Contracts.

Basic Rules of Conduct. The Broker-Dealer and the General Agent shall ensure that each Agent shall comply with a standard of conduct including, but not limited to, the following: a. An Agent shall be duly qualified, licensed and registered to solicit and participate in the sale of Contracts as provided in Article III. b. An Agent shall not solicit applications for the Contracts without delivering the appropriate Contract Prospectus(es) the Trust Prospectus and, where required by state insurance law (as set forth in a notice to be supplied by the Equitable Life Companies), the then currently effective statement of additional information for the Contracts, and any other information whose delivery is specifically required. In soliciting applications for the Contracts, an Agent shall only make statements, oral or written, which are in accordance with the Contract Prospectus, the Trust Prospectus and written sales literature regarding the Contracts authorized by the Distributor. An Agent shall utilize only those applications for the Contracts provided to the General Agent by the Distributor. c. An Agent shall recommend the purchase of a Contract to an applicant only if he or she has reasonable grounds to believe that such purchase is suitable for the applicant in accordance with, among other things, applicable regulations of any state regulatory authority, the SEC and the NASD. While not limited to the following, a determination of suitability shall be based on information supplied to an Agent after a reasonable inquiry concerning the applicant's insurance and investment objectives and financial situation and needs. d. An Agent shall require that any payment of an initial Premium, whether in the form of a check or money order or otherwise, shall be drawn in U.S. dollars on a bank located in the United States and made payable to the appropriate Equitable Life Company and, if in the form of a checkcheck or money order, signed by the applicant for the Contract. An Agent shall not accept third-party checks or cash for Premiums. e. All checks and money orders and applications for the Contracts received by an Agent shall be forwarded promptly, and in any event not later than two business days after receipt, to the processing office designated by the Equitable Life Companies__________. f. Every Contract received by an Agent shall be delivered promptly, and in any event not later than five calendar days after receipt, to its purchaser. g. Any checks representing a return or refund of Premium which are received by an Agent for delivery to an applicant or purchaser shall be delivered promptly to the designated recipient. h. An Agent shall have no authority to endorse checks or money order payments to an Equitable Life Company. i. g. An Agent shall have no authority to alter, modify, waive or change any of the terms, rates, charges or conditions of the Contracts. j. h. An Agent shall make no representations concerning the continuation of non-guaranteed terms or provisions of the Contracts. k. i. An Agent shall have no authority to advertise for, on behalf of, or with respect to an Equitable Life Company, the Distributor, the Variable Accounts, the MVA Interests, the Contracts or the Trust without prior written approval and authorization from the Distributor. l. j. An Agent shall have no authority to solicit applications for Contracts or Premiums thereunder which will be subject to or in connection with any so-called "market timing" or "asset allocation" program, plan, arrangement or service which is an unapproved program. m. k. An Agent shall not furnish any transfer or other instructions by telephone to an Equitable Life Company on behalf of an owner of a Contract without having first obtained from such owner a written authorization in a form acceptable to the Equitable Life Companies. n. An Agent shall not encourage a prospective purchaser to surrender or exchange an insurance policy or contract issued by an Equitable Life Company in order to purchase a Contract or, conversely, to surrender or exchange a Contract in order to purchase another insurance policy or contract issued by an Equitable Life Company, except to the extent such surrenders or exchanges have been authorized by the Distributor. In the event that an insurance policy or contract issued by an Equitable Life Company is surrendered or exchanged in order to purchase a Contract, no compensation shall be paid under this Agreement. o. l. An Agent shall act in accordance with the rules and procedures of the Equitable Life Companies, including their policy statements on ethical conduct, Companies in connection with any solicitation activities relating to the Contracts.

Basic Rules of Conduct. The Broker-Dealer and the General Agent shall ensure that each Agent shall comply with a standard of conduct including, but not limited to, the following: a. An Agent shall be duly qualified, licensed and registered to solicit and participate in the sale of Contracts as provided in Article III. b. An Agent shall not solicit applications for the Contracts without delivering the appropriate Contract Prospectus(es) ), the Trust Prospectus and, where required by state insurance law (as set forth in a notice to be supplied by the AXA Equitable Life Companies), the then currently effective statement of additional information for the Contracts, and any other information whose delivery is specifically required. In soliciting applications for the Contracts, an Agent shall only make statements, oral or written, which are in accordance with the Contract Prospectus, the Trust Prospectus and written sales literature regarding the Contracts authorized by the Distributor. An Agent shall utilize only those applications for the Contracts provided to the General Agent by the Distributor. c. An Agent shall recommend the purchase of a Contract to an applicant only if he or she has reasonable grounds to believe that such purchase is suitable for the applicant in accordance with, among other things, applicable regulations of any state regulatory authority, the SEC and the NASDFINRA. While not limited to the following, a determination of suitability shall be based on information supplied to an Agent after a reasonable inquiry concerning the applicant's ’s insurance and investment objectives and financial situation and needs. d. An Agent shall require that any payment of an initial Premium, whether in the form of a check or otherwise, shall be drawn in U.S. dollars on a bank located in the United States and made payable to the appropriate AXA Equitable Life Company and, if in the form of a check, signed by the applicant for the Contract. An Agent shall not accept third-party checks or cash for Premiums. e. All checks and applications for the Contracts received by an Agent shall be forwarded promptly, promptly and in any event not later than two business days after receipt, to the processing office designated by the AXA Equitable Life Companies. f. Every Contract received by an Agent shall be delivered promptly, and in any event not later than five calendar days after receipt, to its purchaser. g. Any checks representing a return or refund of Premium which are received by an Agent for delivery to an applicant or purchaser shall be delivered promptly to the designated recipient. h. An Agent shall have no authority to endorse checks to an AXA Equitable Life Company. i. g. An Agent shall have no authority to alter, modify, waive or change any of the terms, rates, charges or conditions of the Contracts. j. h. An Agent shall make no representations concerning the continuation of non-guaranteed terms or provisions of the Contracts. k. i. An Agent shall have no authority to advertise for, on behalf of, or with respect to an AXA Equitable Life Company, the Distributor, the Variable Accounts, the MVA Interests, the Contracts or the Trust without prior written approval and authorization from the Distributor. l. j. An Agent shall have no authority to solicit applications for Contracts or Premiums thereunder which will be subject to or in connection with any so-called "“market timing" ” or "“asset allocation" ” program, plan, arrangement or service which is an unapproved program. m. k. An Agent shall not furnish any transfer or other instructions by telephone to an AXA Equitable Life Company on behalf of an owner of a Contract without having first obtained from such owner a written authorization in a form acceptable to the AXA Equitable Life Companies. n. 1. An Agent shall not encourage a prospective purchaser to surrender or exchange an insurance policy or contract issued by an AXA Equitable Life Company in order to purchase a Contract or, conversely, to surrender or exchange a Contract in order to purchase another insurance policy or contract issued by an AXA Equitable Life Company, except to the extent such surrenders or exchanges have been authorized by the Distributor. In the event that an insurance policy or contract issued by an AXA Equitable Life Company is surrendered or exchanged in order to purchase a Contract, no compensation shall be paid under this Agreement. o. m. An Agent shall act in accordance with the rules and procedures of the AXA Equitable Life Companies, including their policy statements on ethical conduct, Companies in connection with any solicitation activities relating to the Contracts.