Common use of Every Selling Broker Clause in Contracts

Every Selling Broker. Dealer shall be both registered as a broker-dealer with the SEC and a member of the NASD and licensed as an insurance agent, if required, with authority to sell variable products or associated with an insurance agent so licensed. Any individuals to be authorized to act on behalf of Selling Broker-Dealer shall be duly registered with the NASD as representatives of Selling Broker-Dealer with authority to sell variable products, and shall be licensed as insurance agents with authority to sell variable products. Insurer shall verify that Selling Broker-Dealer and its Representatives are duly licensed under applicable state insurance law to sell the Contracts or, if Broker-Dealer is not so licensed, that it is associated with an entity so licensed.

Every Selling Broker. Dealer shall be both registered as a broker-dealer with the SEC and a member of the NASD and licensed as an insurance agent, if required, agent with authority to sell variable products or associated with an insurance agent so licensed. Any individuals to be authorized to act on behalf of Selling Broker-Dealer shall be duly registered with the NASD as representatives of Selling Broker-Dealer with authority to sell variable products, and shall be licensed as insurance agents with authority to sell variable products. Insurer Company shall verify that Selling Broker-Dealer and its Representatives are duly licensed under applicable state insurance law to sell the Contracts (or, if Broker-Dealer is not so licensed, that it is associated with an entity so licensed).

Every Selling Broker. Dealer shall be both registered as a broker-dealer with the SEC and a member of the NASD FINRA and licensed as an insurance agent, if required, agency with authority to sell variable products or associated with an insurance agent agency so licensed. Any individuals to be authorized to act on behalf of Selling Broker-Dealer shall be duly registered with the NASD FINRA as representatives or principals of Selling Broker-Broker- Dealer with authority to sell variable products, and shall be licensed as insurance agents with authority to sell variable products. Insurer Distributor, or its designee, shall verify that Selling Broker-Dealer and its Representatives are duly licensed under applicable state insurance law to sell the Contracts (or, if Broker-Dealer is not so licensed, that it is associated with an entity so licensed).

Every Selling Broker. Dealer shall be both registered as a broker-dealer with the SEC and a member of the NASD and licensed as an insurance agent, if required, agent with authority to sell variable products or associated with an insurance agent so licensed. Any individuals to be authorized to act on behalf of Selling Broker-Dealer shall be duly registered with the NASD as representatives of Selling Broker-Dealer shall be duly registered with the NASD as representatives of Selling Broker-Dealer with authority to sell variable products, and shall be licensed as insurance agents with authority to sell variable products. Insurer Distributor shall verify that Selling Broker-Dealer and its Representatives are duly licensed under applicable state insurance law to sell the Contracts (or, if Broker-Dealer is not so licensed, that it is associated with an entity so licensed).

Every Selling Broker. Dealer shall be both registered as a broker-dealer with the SEC and a member of the NASD and licensed as an insurance agent, if required, agent with authority to sell variable products or associated with an a insurance agent so licensed. Any individuals to be authorized to act on behalf of Selling Broker-Dealer shall be duly registered with the NASD as representatives of Selling Broker-Dealer shall be duly registered with the NASD as representatives of Selling Broker-Dealer with authority to sell variable products, and shall be licensed as insurance agents with authority to sell variable products. Insurer Distributor shall verify that Selling Broker-Dealer and its Representatives are duly licensed under applicable state insurance law to sell the Contracts (or, if Broker-Dealer is not so licensed, that it is associated with an entity so licensed).

Every Selling Broker. Dealer shall be both registered as a broker-dealer with the SEC and a member of the NASD FINRA and licensed as an insurance agent, if required, agency with authority to sell variable products or associated with an insurance agent agency so licensed. Any individuals to be authorized to act on behalf of Selling Broker-Dealer shall be duly registered with the NASD FINRA as representatives or principals of Selling Broker-Dealer with authority to sell variable products, and shall be licensed as insurance agents with authority to sell variable products. Insurer Distributor, or its designee, shall verify that Selling Broker-Dealer and its Representatives are duly licensed under applicable state insurance law to sell the Contracts (or, if Broker-Dealer is not so licensed, that it is associated with an entity so licensed).

Every Selling Broker. Dealer shall be both registered as a broker-dealer with the SEC and a member of the NASD and licensed as an insurance agent, if required, agent with authority to sell variable products or associated with an insurance agent so licensed. Any individuals to be authorized to act on behalf of Selling Broker-Dealer shall be duly registered with the NASD as representatives of Selling Broker-Dealer with authority to sell variable products, and shall be licensed as insurance agents with authority to sell variable products. Insurer Distributor shall verify that Selling Broker-Dealer and its Representatives are duly licensed under applicable state insurance law to sell the Contracts Policies (or, if Broker-Dealer is not so licensed, that it is associated with an entity so licensed).