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Common use of INSURANCE AGENCY Clause in Contracts

INSURANCE AGENCY. It is understood that, pursuant to an insurance agency agreement, Insurer will appoint the Agency as its insurance agent for the sale of the Contracts. Underwriter agrees that no Underwriter Representative shall engage in any solicitation activities on behalf of Underwriter unless such Representative is associated with Agency and subject to the supervision of Agency respecting compliance with New York State insurance law.

Appears in 3 contracts

Samples: Distribution Agreement (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny), Distribution Agreement (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny), Distribution Agreement (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny)

INSURANCE AGENCY. It is understood that, pursuant to an insurance agency agreement, Insurer will appoint the Agency as its insurance agent for the sale of the Contracts. Underwriter agrees that no Underwriter Representative shall engage in any solicitation activities on behalf of Underwriter unless such Representative is associated with Agency and subject to the supervision of Agency respecting compliance with New York State state insurance law.

Appears in 2 contracts

Samples: Distribution Agreement (Price T Rowe Variable Annuity Account), Distribution Agreement (Price T Rowe Variable Annuity Account)