Delivery of Contracts. If an Insurance Company sends a contract for a Product to a Producer, then Producers will assure that: (1) the contract is delivered to the purchaser no later than 5 business days after Producer's receipt of the contract, and (2) appropriate evidence of such delivery to the purchaser is maintained. Producers, in accordance with section 8 of this Agreement, shall be fully responsible for any and all losses and expenses incurred by an Insurance Company or Distributors as a result of Producers' failure to satisfy the obligations set forth in this section.
Appears in 4 contracts
Samples: Broker Dealer Selling Agreement (MML Bay State Variable Life Separate Account I), Broker Dealer Selling Agreement (Massachusetts Mutual Variable Life Separate Account I), Broker Dealer Selling Agreement (Massachusetts Mutual Variable Life Separate Account I)
Delivery of Contracts. If an Insurance Company sends a contract for a Product to a Producer, then Producers will assure that: (1i) the contract is delivered to the purchaser no later than 5 business days after Producer's receipt of the contract, and (2ii) appropriate evidence of such delivery to the purchaser is maintained. Producers, in accordance with section Section 8 of this Agreement, shall be fully responsible for any and all losses and expenses incurred by an Insurance Company or Distributors as a result of Producers' failure to satisfy the obligations set forth in this section.
Appears in 1 contract
Samples: Variable Products Dealer Agreement (Massachusetts Mutual Variable Life Separate Account I)
