COLLECTION OF PURCHASE PAYMENTS. Agency agrees that all money or other consideration tendered with or in respect of any application for a Traditional Life Insurance Policy and the Traditional Life Insurance Policy when issued is the property of Insurer and shall be promptly remitted in full to Insurer without deduction or offset for any reason, including by way of example but not limitation, any deduction or offset for compensation claimed by Agency.
Appears in 5 contracts
Samples: Broker Dealer Agency Selling Agreement (Select Life Variable Account), Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co), Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co)
