Churning. If Broker/Dealer induces or attempts to induce any Contract Owner to relinquish an Insurance Contract except under circumstances where there is reasonable grounds for believing the contract or certificate is not suitable for such person, Broker-Dealer's right to receive any compensation under this Agreement shall cease and terminate.
Appears in 4 contracts
Samples: Selling Agreement (Travelers Fund Ul for Variable Life Insurance), Selling Agreement (Travelers Fund Ul for Variable Life Insurance), Selling Agreement (Travelers Fund Abd for Variable Annuities)
Churning. If Broker/Dealer induces or attempts to induce any Contract Owner to relinquish an Insurance Contract except under tinder circumstances where there is reasonable grounds for believing the contract or certificate is not suitable for such person, Broker-Dealer's right to receive any compensation under this Agreement shall cease and terminate.
Appears in 1 contract
Samples: Selling Agreement (Travelers Fund Ul Iii for Variable Life Insurance)
