Common use of Bonding and Insurance Clause in Contracts

Bonding and Insurance. Each Party shall maintain sufficient fidelity bond coverage (including coverage for larceny and embezzlement) and errors and omissions insurance coverage as may be required by applicable law or as such Party deems necessary in light of its obligations under this Agreement.

Appears in 6 contracts

Samples: Distribution Agreement (Great West Life & Annuity Insurance Co), Distribution Agreement (First Great West Life & Annuity Insurance Co), Distribution Agreement (First Great West Life & Annuity Insurance Co)

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Bonding and Insurance. Each Party shall maintain sufficient fidelity bond coverage (including coverage for larceny and embezzlement) and errors and omissions insurance coverage as may be required by applicable law or as such Party deems seems necessary in light of its obligations under this Agreement. DISTRIBUTOR shall maintain errors and omissions coverage from a reputable insurance company in an amount and form acceptable to AGL at all times during the term of this Agreement.

Appears in 4 contracts

Samples: Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D), Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D), Master Marketing and Distribution Agreement (American General Life Insurance Co Separate Account D)

Bonding and Insurance. Each Party shall maintain sufficient fidelity bond coverage (including coverage for larceny and embezzlement) and errors and omissions insurance coverage as may be required by applicable law or as such Party deems seems necessary in light of its obligations under this Agreement. DISTRIBUTOR shall maintain errors and omissions coverage from a reputable insurance company in an amount and form acceptable to AGNY at all times during the term of this Agreement.

Appears in 2 contracts

Samples: Master Marketing and Distribution Agreement (American General Life Insurance Co of New York Separ Acct E), Master Marketing and Distribution Agreement (American General Life Insurance Co of New York Separ Acct E)

Bonding and Insurance. Each Party shall maintain sufficient fidelity bond coverage (including coverage for larceny and embezzlement) and errors and omissions insurance coverage as may be required by applicable law or as such Party deems seems necessary in light of its obligations under this Agreement. DISTRIBUTOR shall maintain errors and omissions coverage from a reputable insurance company in an amount and form acceptable to USL at all times during the term of this Agreement.

Appears in 1 contract

Samples: Master Marketing and Distribution Agreement (U S Life Insurance Co in City of Ny Sep Act Usl Va-R)

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Bonding and Insurance. Each Party shall maintain sufficient fidelity bond coverage (including coverage for larceny and embezzlement) and errors and omissions insurance coverage as may be required by applicable law or as such Party deems seems necessary in light of its obligations under this Agreement.. DISTRIBUTOR shall maintain errors and omissions coverage from a reputable insurance company in an amount and form acceptable to AGL at all times during the term of this

Appears in 1 contract

Samples: Master Marketing and Distribution Agreement (Agl Separate Account D)

Bonding and Insurance. Each Party shall maintain for itself and all of its agents and employees sufficient fidelity bond coverage (including coverage for larceny and embezzlement) and errors and omissions insurance coverage as may be required by FINRA and other applicable law or as such Party deems necessary in light of its obligations under this Agreement. Upon request, each Party shall provide the other Parties with evidence of such bond and errors and omissions coverage. Each Party shall provide prompt notice to the other Parties of any cancellation or change of bond coverage and errors and omissions coverage.

Appears in 1 contract

Samples: Selling Agreement (Variable Annuity 1 Series Account)

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