Delivery of Contracts. Upon issuance of a Contract by Life Company and delivery of such contract to General Agent, General Agent shall promptly deliver such Contract to its purchaser. Consistent with its administrative procedures, Life Company will assume that a Contract issued by it will be promptly delivered by General Agent to the purchaser of such Contract. As a result, if a purchaser exercises the free look rights under a Contract, Broker-Dealer and the General Agent shall indemnify Life Company for any loss incurred by Life Company that results from General Agent's failure to promptly deliver such Contract to its purchaser.
Appears in 3 contracts
Samples: Selling Agreement (Metlife Investors Variable Life Account One), Selling Agreement (Metlife Investors Variable Life Account One), Selling Agreement (Metlife Investors Variable Life Account Five)
Delivery of Contracts. Upon issuance of a Contract by Life Company and ______________________ delivery of such contract to General Agent, General Agent shall promptly deliver such Contract to its purchaser. Consistent with its administrative procedures, Life Company will assume that a Contract issued by it will be promptly delivered by General Agent to the purchaser of such Contract. As a result, if a purchaser exercises the free look rights under a Contract, Broker-Broker- Dealer and the General Agent shall indemnify Life Company for any loss incurred by Life Company that results from General Agent's failure to promptly deliver such Contract to its purchaser.
Appears in 2 contracts
Samples: Selling Agreement (Metlife Investors Variable Annuity Account One), Selling Agreement (First Metlife Investors Variable Annuity Account One)
