Delivery of Policies and Contracts a. You shall promptly deliver all items given to you for delivery to another person or the Company; provided, however, delivery of a life insurance policy approved and issued by the Company may be made only if: (1) the proposed insured at the time of delivery is, to the best of your knowledge and belief, in as good a condition of health and insurability as is stated in the application/order ticket/request form for such policy; and (2) the first premium has been fully paid.
Delivery of Policies and Contracts. Upon the acceptance by Equitable of an Application obtained by the BGA through an Independent Agent or ADL Retailer, Equitable will forward the Policy or Contract applied for to the General Agent which is the Broker of Record for such Contract for delivery to the purchaser thereof, and such General Agent shall deliver such Contract to such purchaser (or cause the Independent Agent or ADL Retailer to deliver such Policy or Contract to the purchaser) no later than five (5) calendar days after receiving the same from Equitable. Each Policy or Contract delivered to a purchaser shall be accompanied by a form of acknowledgment of receipt and such additional materials as Equitable may from time to time require. Such General Agent shall request that such purchaser execute and return such acknowledgment of receipt and other materials to Equitable within ten (10) days following receipt of the Policy or Contract and shall inform such owner in writing that, unless and until such acknowledgment of receipt is executed and returned to Equitable, no financial transactions with respect to the Contract requested by such purchaser shall be effected by Equitable except upon receipt of written instructions signed by such purchaser, accompanied by a signature guaranty, in form acceptable to Equitable. For purposes of this provision, no Policy or Contract shall be deemed to be issued by Equitable until delivered to the purchaser thereof, together with the acknowledgment and other materials provided for herein. Notwithstanding the foregoing, Equitable may elect to mail any Policy or Contract to the Independent Agent or ADL Retailer responsible for the sales or directly to the purchaser.
