Common use of DUTIES OF INSURANCE COMPANY Clause in Contracts

DUTIES OF INSURANCE COMPANY. A. MAINTENANCE OF ACCOUNTING RECORDS INSURANCE COMPANY shall be responsible for the maintenance of all books and records in connection with the said variable contracts. Such books and records shall be maintained and preserved in conformity with any requirements under the Exchange Act, any regulations thereunder, or under NASD rules to the extent that such requirements are applicable to variable contract operations. All such books and records shall be maintained and held by INSURANCE COMPANY on behalf of and as agent for BROKER/DEALER. All such books and records are, and shall at all times remain, the property of BROKER/DEALER and shall at all times be subject to inspection by duly authorized officers, auditors or representatives of BROKER/DEALER and by the Securities and Exchange Commission, the NASD, or other regulatory authority having proper jurisdiction.

DUTIES OF INSURANCE COMPANY. A. MAINTENANCE OF ACCOUNTING RECORDS INSURANCE COMPANY shall be responsible for the maintenance of all books and records in connection with the said variable contracts. Such books and records shall be maintained and preserved in conformity with any requirements under the Exchange '34 Act, any regulations thereunder, or under NASD rules to the extent that such requirements are applicable to variable contract operations. All such books and records shall be maintained and held by INSURANCE COMPANY on behalf of and as agent for BROKER/DEALER. All such books and records are, and shall at all times remain, the joint property of BROKER/DEALER and INSURANCE COMPANY and shall at all times be subject to inspection by duly authorized officers, auditors or representatives of and INSURANCE COMPANY, BROKER/DEALER and by the Securities and Exchange Commission, the NASD, New York State Insurance Department or other regulatory authority having proper jurisdiction.

DUTIES OF INSURANCE COMPANY. A. MAINTENANCE OF ACCOUNTING RECORDS INSURANCE COMPANY shall be responsible for the maintenance of all books and records in connection with the said variable contracts. Such books and records shall be maintained and preserved in conformity with any requirements under the Exchange '34 Act, any regulations thereunder, or under NASD rules to the extent that such requirements are applicable to variable contract operations. All such books and records shall be maintained and held by INSURANCE COMPANY on behalf of and as agent for BROKER/DEALER. All such books and records are, and shall at all times remain, the property of BROKER/DEALER and shall at all times be subject to inspection by duly authorized officers, auditors or representatives of BROKER/DEALER and by the Securities and Exchange Commission, the NASD, or other regulatory authority having proper jurisdiction.