Disqualified Persons to be Terminated. (a) The Distributor shall promptly terminate any officer, director, employee, representative or other associated person who is or becomes subject to a Statutory Disqualification or is or becomes disqualified from serving as a principal underwriter for the Contracts pursuant to Section 9 of the Company Act or whose license to sell securities under state or federal law is revoked or suspended for any reason. The Distributor shall implement and maintain appropriate policies and procedures to identify any such persons.
Appears in 2 contracts
Samples: Distribution and Selling Agreement (American National Variable Life Separate Account), Distribution and Selling Agreement (American National Variable Annuity Separate Account)
Disqualified Persons to be Terminated. (a) The Distributor shall promptly terminate any officer, director, employee, representative or other associated person who is or becomes subject to a Statutory Disqualification or is or becomes disqualified from serving as a principal underwriter for the Contracts pursuant to Section 9 of the Company Act or whose license to sell securities under state or federal law is revoked or suspended for any reason. The Distributor shall implement and maintain appropriate policies and procedures to identify any such persons.
Appears in 2 contracts
Samples: Distribution and Administrative Services Agreement (American National Variable Life Separate Account), Distribution and Administrative Services Agreement (American National Variable Annuity Separate Account)
