Common use of LICENSING AND APPOINTMENT OF AGENTS Clause in Contracts

LICENSING AND APPOINTMENT OF AGENTS. a. Broker-Dealer and General Agent are specifically authorized to designate Agents proposed to be appointed as agents of Liberty Life to solicit applications for the Contracts, to deliver the Contracts, and to collect the first premium thereon in conformance with applicable state laws and Liberty Life' rules and procedures. Broker-Dealer and General Agent shall not propose an Agent for appointment unless such Agent is an "associated person" of Broker-Dealer (as defined in Section 3(a)(8) of the 1934 Act), duly registered as a representative of Broker-Dealer and duly licensed as an insurance agent in the state(s) in which it is proposed that such Agent engage in solicitation of sales of the Contracts. Broker-Dealer and General Agent together shall be responsible for such Agents' continuing compliance with applicable securities registration requirements and state insurance agent licensing laws.

Appears in 2 contracts

Samples: Broker Dealer and General Agent Selling Agreement (Llac Variable Account), Broker Dealer and General Agent Selling Agreement (Llac Variable Account)

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LICENSING AND APPOINTMENT OF AGENTS. a. Broker-Dealer and General Agent are specifically authorized to designate Agents proposed to be appointed as agents of Liberty Life to solicit applications for the Contracts, to deliver the Contracts, and to collect the first premium thereon in conformance with applicable state laws and Liberty Life' 's rules and procedures. Broker-Dealer and General Agent shall not propose an Agent for appointment unless such Agent is an "associated person" of Broker-Dealer (as defined in Section 3(a)(8) of the 1934 Act), duly registered as a representative of Broker-Dealer and duly licensed as an insurance agent in the state(s) in which it is proposed that such Agent engage in solicitation of sales of the Contracts. Broker-Dealer and General Agent together shall be responsible for such -------------------------------------------------------------------------------- Agents' continuing compliance with applicable securities registration requirements and state insurance agent licensing laws.

Appears in 1 contract

Samples: Broker Dealer and General Agent Selling Agreement (Llac Variable Account)

LICENSING AND APPOINTMENT OF AGENTS. a. Broker-Dealer and General Agent are specifically authorized to designate Agents proposed to be appointed as agents of Liberty Life to solicit applications for the Contracts, to deliver the Contracts, and to collect the first premium thereon in conformance with applicable state laws and Liberty Life' 's rules and procedures. Broker-Dealer and General Agent shall not propose an Agent for appointment unless such Agent is an "associated person" of Broker-Dealer (as defined in Section 3(a)(8) of the 1934 Act), duly registered as a representative of Broker-Dealer and duly licensed as an insurance agent in the state(s) in which it is proposed that such Agent engage in solicitation of sales of the Contracts. Broker-Dealer and General Agent together shall be responsible for such Agents' continuing compliance with applicable securities registration requirements and state insurance agent licensing laws.

Appears in 1 contract

Samples: Selling Agreement (Llac Variable Account)

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LICENSING AND APPOINTMENT OF AGENTS. a. Broker-Dealer and General Agent are specifically authorized to designate Agents proposed to be appointed as agents of Liberty Life to solicit applications for the Contracts, to deliver the Contracts, and to collect the first premium thereon in conformance with applicable state laws and Liberty Life' rules and procedures. Broker-Broker- Dealer and General Agent shall not propose an Agent for appointment unless such Agent is an "associated person" of Broker-Dealer (as defined in Section 3(a)(8) of the 1934 Act), duly registered as a representative of Broker-Dealer and duly licensed as an insurance agent in the state(s) in which it is proposed that such Agent engage in solicitation of sales of the Contracts. Broker-Dealer and General Agent together shall be responsible for such Agents' continuing compliance with applicable securities registration requirements and state insurance agent licensing laws.

Appears in 1 contract

Samples: Distribution Agreement (Llac Variable Account)

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