Improper Replacement. Broker-Dealer and its Registered Representatives shall not make any misrepresentation or incomplete comparison of products for the purpose of inducing a current or potential contract owner or policyholder to lapse, forfeit or surrender his or her current insurance contract in favor of purchasing Company’s or other insurer’s product. Communication with clients shall include sufficient information regarding the appropriateness of the transaction to allow the client to make an informed decision.
Appears in 2 contracts
Samples: Broker Dealer Sales and Supervision Agreement (Forethought Life Insurance Co), Broker Dealer Sales and Supervision Agreement (Forethought Life Insurance Co Separate Account A)
Improper Replacement. Broker-Dealer and its Registered Representatives shall not make any misrepresentation or incomplete in complete comparison of products for the purpose of inducing a current or potential contract owner or policyholder to lapse, forfeit or surrender his or her current insurance contract in favor of purchasing Company’s or other insurer’s product. Communication with clients shall include sufficient information regarding the appropriateness of the transaction to allow the client to make an informed decision.
Appears in 2 contracts
Samples: Broker Dealer Sales and Supervision Agreement (Forethought Life Insurance Co Separate Account A), Broker Dealer Sales and Supervision Agreement (Forethought Life Insurance Co Separate Account A)
