Common use of Disclosure of Relationship with Principal Underwriter and Disclosure of Compensation Clause in Contracts

Disclosure of Relationship with Principal Underwriter and Disclosure of Compensation. If and as required by Applicable Law, Broker shall disclose in writing to each applicant for a Contract Broker’s relationship with Principal Underwriter and the compensation, and anything of value, Broker receives from Principal Underwriter for the services performed under this or any other Agreement. Principal Underwriter reserves the right to disclose to its purchasers of Contracts, and potential purchasers of Contracts, details regarding compensation, and anything of value, it, and any Principal Underwriter affiliate, may pay to Broker, or any of its affiliates, under this Agreement and any other agreement.

Appears in 4 contracts

Samples: Sales Agreement (BRIGHTHOUSE LIFE INSURANCE Co OF NY), Sales Agreement (BRIGHTHOUSE LIFE INSURANCE Co), Sales Agreement (BRIGHTHOUSE LIFE INSURANCE Co OF NY)

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Disclosure of Relationship with Principal Underwriter and Disclosure of Compensation. If and as required by Applicable Law, Broker shall disclose in writing to each applicant for a Contract Broker’s relationship with Principal Underwriter and the compensation, and anything of value, Broker Xxxxxx receives from Principal Underwriter for the services performed under this or any other Agreement. Principal Underwriter reserves the right to disclose to its purchasers of Contracts, and potential purchasers of Contracts, details regarding compensation, and anything of value, it, and any Principal Underwriter affiliate, may pay to Broker, or any of its affiliates, under this Agreement and any other agreement.

Appears in 2 contracts

Samples: Sales Agreement (New England Variable Life Separate Account), Sales Agreement (Brighthouse Separate Account A)

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