Common use of Insurer and/or Distributor Clause in Contracts

Insurer and/or Distributor. Insurer and Distributor each represents and warrants as follows: (1) Insurer and Distributor each represents and warrants that they and the officers signing this Agreement have full power and authority to enter into this Agreement, and that this Agreement has been duly executed by them and constitutes a legal, valid, and binding agreement. (2) Distributor represents and warrants that it is a registered Broker/Dealer under the 1934 Act, a member in good standing of FINRA, and is registered as a Broker/Dealer under state law to the extent necessary to perform under this Agreement. Distributor will notify Broker/Dealer immediately, in writing, if such registration is terminated or suspended, and shall take all reasonable actions to reinstate such registration.

Appears in 5 contracts

Samples: Distribution Agreement (Jackson National Separate Account - I), Distribution Agreement (Jnlny Separate Account I), Distribution Agreement (Jackson National Separate Account Iv)

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