Common use of Charge Backs Clause in Contracts

Charge Backs. In any case, where Insurer has credited a commission to Broker-Dealer on the basis of a premium on a Variable Contract issued and the premium is returned to the purchaser Insurer will charge back such commissions.

Appears in 3 contracts

Samples: Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co), Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co), Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co)

AutoNDA by SimpleDocs

Charge Backs. In any case, where Insurer has credited a commission to Broker-Dealer Agency on the basis of a premium on a Variable Contract issued and the premium is returned to the purchaser purchaser, Insurer will charge back such commissions.

Appears in 1 contract

Samples: Broker Dealer Agency Selling Agreement (Select Life Variable Account)

Charge Backs. In any case, case where Insurer has credited a commission to Broker-/Dealer on the basis of a premium on a Variable Contract issued and the premium is returned to the purchaser purchaser, Insurer will charge back such commissions.

Appears in 1 contract

Samples: Broker/Dealer Agency Selling Agreement (Separate Account One of Northern Life Insurance Co)

AutoNDA by SimpleDocs

Charge Backs. In any case, where Insurer has credited a commission to Broker-Dealer on the basis of a premium on a Variable Contract issued and the premium is returned to the purchaser purchaser, Insurer will charge back such commissions.

Appears in 1 contract

Samples: Broker Dealer Agency Selling Agreement (Select Life Variable Account)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!