Common use of Insurance Licensing Clause in Contracts

Insurance Licensing. Broker/Dealer (and, if appropriate, Selling Entities) agrees that at all times when performing its functions under this agreement, the entity on whose behalf agents and Registered Representatives act when soliciting sales of the Insurance Contracts, will have a valid insurance agency license in jurisdictions that require such licensing or registration. If applicable, Broker/Dealer represents that it, or its insurance agency affiliate, is properly authorized under applicable state law to receive insurance commissions generated from sales of the Insurance Contracts. Broker/Dealer and Selling Entities each represent that they will engage in the solicitation and sale of Insurance Contracts in accordance with applicable insurance and securities laws and regulations. Broker/Dealer represents and warrants that it is authorized and licensed as an agent under applicable state insurance laws to solicit the Insurance Contracts. In the event Broker/Dealer is not licensed as such, an insurance agency affiliated with Broker/Dealer shall be licensed as an agent under applicable state insurance laws to solicit the contracts of insurance contemplated hereunder. Such Selling Entity will be designated as a party to this Agreement.

Insurance Licensing. Broker/Dealer (and, and if appropriate, appropriate Insurance Selling Entities) agrees agree that at all times when performing its functions under this agreement, the entity on whose behalf agents and Registered Representatives act when soliciting sales of the Insurance Contracts, Policies will have a valid be validly licensed as an insurance agency license in the states and other jurisdictions that require such licensing or registrationregistration in connection with sales or solicitation of the Insurance Policies. If applicable, Broker/Dealer represents that it, it or its insurance agency affiliate, affiliate is properly authorized under applicable state law to receive insurance commissions generated from sales of the Insurance ContractsPolicies. Broker/Dealer and Selling Entities each represent that they will engage in the solicitation and sale of Insurance Contracts Policies in accordance with applicable insurance and securities laws and regulations. Broker/Dealer represents and warrants that it is authorized and licensed as an agent under applicable state insurance laws to solicit solicit, negotiate and effect the Insurance Contractscontracts of insurance contemplated hereunder. In the event Broker/Dealer is not licensed as such, an insurance agency affiliated with Broker/Dealer shall be licensed as an agent under applicable state insurance laws to solicit solicit, negotiate and effect the contracts of insurance contemplated hereunder. Such Selling Entity will be designated as a party to this Agreement.