Common use of ETHICAL MARKET CONDUCT COMPLIANCE Clause in Contracts

ETHICAL MARKET CONDUCT COMPLIANCE. In addition to the requirement that you comply with the rules and regulations pertaining to supervision, underwriting practices, acceptance of risks, delivery of policies and all other areas of ALNY's business, the BD and BD's representatives are required to: (a) Comply with ALNY's and ALFS's policies and procedures concerning the replacement of life insurance policies and annuity policies. A replacement occurs whenever an existing life insurance policy or annuity is terminated, converted, or otherwise changed in value. For any transaction involving a replacement, ALNY and ALFS requires you to: (1) recommend the replacement of an existing policy only when replacement is in the best interest of the customer; (2) fully disclose all relevant information to the customer, which information includes: 1) comparison of old and new premiums, expenses and surrender charges, cash values, and death benefits; 2) any loss of cash value or policy value by surrendering the existing policy; 3) all guaranteed and maximum values of both policies; 4) the fact that a new contestability and suicide period starts under the new policy; and 5) the requirement that the customer must be re-underwritten for the new policy; (3) provide state-required replacement notices to customers on the same day the application is taken and indicate on the application that the transaction involves the full or partial replacement of an existing policy; (4) never recommend that a customer cancel an existing policy until a new policy is in force and the customer has determined that the new policy is acceptable. (b) Adhere to ALNY's rules and regulations concerning ethical market conduct, which require that you: (1) carefully evaluate the insurance needs and financial objectives of your clients, and use sales tools (e.g. policy illustrations and sales brochures) to determine that the insurance or annuity you are proposing meets these needs; (2) maintain a current license and valid appointment in all states in which you promote the sale of ALNY products to customers and keep current of changes in insurance laws and regulations by reviewing the bulletins and newsletters that ALNY publishes; (3) comply with ALNY policies concerning replacements, and refrain from providing false or misleading information about a competitor or competing product or otherwise making disparaging remarks about a competitor; (4) submit all advertising materials intended to promote the sale of an ALNY product to the home office for approval prior to use; (5) immediately report to ALNY any customer complaints, whether written or oral, and assist ALNY in resolving the complaint to the satisfaction of all parties; (6) communicate these standards to any producers or office personnel that you directly supervise and request their agreement to be bound by these conditions as well.

ETHICAL MARKET CONDUCT COMPLIANCE. In addition to the requirement that you comply with the rules and regulations pertaining to supervision, underwriting practices, acceptance of risks, delivery of policies and all other areas of ALNYAllstate Life's business, the BD and BD's representatives are required to: (a) Comply with ALNYAllstate Life's and ALFS's policies and procedures concerning the replacement of life insurance policies and annuity policies. A replacement occurs whenever an existing life insurance policy or annuity is terminated, converted, or otherwise changed in value. For any transaction involving a replacement, ALNY Allstate Life and ALFS requires require you to: (1) recommend the replacement of an existing policy only when replacement is in the best interest of the customer; ; (2) fully disclose all relevant information to the customercustomer which includes, which information includesbut is not limited to: 1) comparison of old and new premiums, expenses and surrender charges, cash values, and death benefits; 2) any loss of cash value or policy value by surrendering the existing policy; 3) all guaranteed and maximum values of both policies; 4) the fact that a new contestability and suicide period starts under the new policy; and 5) the requirement that the customer must be re-underwritten for the new policy; ; (3) provide state-required replacement notices to customers on the same day the application is taken and indicate on the application that the transaction involves the full or partial replacement of an existing policy; (4) never recommend that a customer cancel an existing policy until a new policy is in force and the customer has determined that the new policy is acceptable. (b) Adhere to ALNYAllstate Life's rules and regulations concerning ethical market conduct, which require that you: (1) carefully evaluate the insurance needs and financial objectives of your clientscustomers, and use sales tools (e.g. e.g., policy illustrations and sales brochures) to determine that the insurance or annuity you are your proposing meets these needs; ; (2) maintain a current license and valid appointment in all states state in which you your promote the sale of ALNY Allstate Life products to customers and keep current of changes in insurance laws and regulations by reviewing the bulletins and newsletters that ALNY publishes; regulations; (3) comply with ALNY Allstate Life's policies concerning replacements, and refrain from providing false or misleading information about a competitor or competing product or otherwise making disparaging remarks about a competitor; ; (4) submit all advertising materials intended to promote the sale of an ALNY Allstate Life product to the home office for approval prior to use; ; (5) immediately report to ALNY Allstate Life any customer complaints, whether written or oral, and assist ALNY Allstate Life in resolving the complaint to the satisfaction of all parties; ; (6) communicate these standards to any producers or office personnel that you directly supervise and request their agreement to be bound by these conditions as well.

ETHICAL MARKET CONDUCT COMPLIANCE. In addition to the requirement that you comply with the rules and regulations pertaining to supervision, underwriting practices, acceptance of risks, delivery of policies and all other areas of ALNYLBL's business, the BD and BD's representatives are required to: (a) Comply with ALNYLBL's and ALFS's policies and procedures concerning the replacement of life insurance policies and annuity policies. A replacement occurs whenever an existing life insurance policy or annuity is terminated, converted, or otherwise changed in value. For any transaction involving a replacement, ALNY LBL and ALFS requires you to: (1) recommend the replacement of an existing policy only when replacement is in the best interest of the customer; (2) fully disclose all relevant information to the customer, which information includes: 1) comparison of old and new premiums, expenses and surrender charges, cash values, and death benefits; 2) any loss of cash value or policy value by surrendering the existing policy; 3) all guaranteed and maximum values of both policies; 4) the fact that a new contestability and suicide period starts under the new policy; and 5) the requirement that the customer must be re-underwritten for the new policy; (3) provide state-required replacement notices to customers on the same day the application is taken and indicate on the application that the transaction involves the full or partial replacement of an existing policy; (4) never recommend that a customer cancel an existing policy until a new policy is in force and the customer has determined that the new policy is acceptable. (b) Adhere to ALNYLBL's rules and regulations concerning ethical market conduct, which require that you: (1) carefully evaluate the insurance needs and financial objectives of your clients, and use sales tools (e.g. policy illustrations and sales brochures) to determine that the insurance or annuity you are proposing meets these needs; (2) maintain a current license and valid appointment in all states in which you promote the sale of ALNY LBL products to customers and keep current of changes in insurance laws and regulations by reviewing the bulletins and newsletters that ALNY LBL publishes; (3) comply with ALNY LBL policies concerning replacements, and refrain from providing false or misleading information about a competitor or competing product or otherwise making disparaging remarks about a competitor; ; (4) submit all advertising materials intended to promote the sale of an ALNY LBL product to the home office for approval prior to use; (5) immediately report to ALNY LBL any customer complaints, whether written or oral, and assist ALNY LBL in resolving the complaint to the satisfaction of all parties; (6) communicate these standards to any producers or office personnel that you directly supervise and request their agreement to be bound by these conditions as well.