Fund Transfer Requests Clause Samples
The 'Fund Transfer Requests' clause defines the procedures and requirements for initiating and processing requests to move funds between accounts or parties under the agreement. Typically, this clause outlines the necessary documentation, authorization steps, and timelines that must be followed for a transfer to be valid, such as requiring written instructions or approval from designated representatives. Its core practical function is to ensure that all fund transfers are conducted securely and transparently, reducing the risk of unauthorized transactions and providing a clear process for both parties to follow.
Fund Transfer Requests. Broker/Dealer is responsible and will supervise the activities of its Registered Representatives with regard to requests for investment option transfers requested on behalf of Contract Owners. Broker/Dealer will not permit its Registered Representatives to request investment option transfers unless such authority has been granted in writing to the Registered Representative by a Contract Owner and proof of such authority has been provided to and acknowledged by the Insurance Companies. Broker/Dealer agrees that it will cause its Registered Representatives to use such forms as may be reasonably required by Insurance Companies. Broker/Dealer represents that it will indemnify Insurance Companies, their employees, agents and affiliated parties from any loss occasioned by any claimed or actual improper or unauthorized investment option transfer or surrender request made by Broker/Dealer or its Registered Representative on behalf of a Contract Owner.
Fund Transfer Requests. Broker/Dealer is responsible and will supervise the activities of its Registered Representatives with regard to requests for investment option transfers requested on behalf of Contract Owners. Broker/Dealer will not permit its Registered Representatives to request investment option transfers unless such authority has been granted in writing to the Registered Representative by a Contract Owner and proof of such authority has been provided to and acknowledged by the Insurance Companies. Broker/Dealer agrees that it will cause its Registered Representatives to use such forms as may be reasonably required by Insurance Companies.
Fund Transfer Requests. Broker/Dealer is responsible and will supervise the activities of its Registered Representatives with regard to requests for investment option transfers requested on behalf of Contract Owners. Broker/Dealer will not permit its Registered Representatives to request Broker/Dealer represents that it will indemnify Insurance Companies, their employees, agents and affiliated parties from any loss occasioned by any claimed or actual improper or unauthorized investment option transfer or surrender request made by Broker/Dealer or its Registered Representative on behalf of a Contract Owner.