Life Insurance Agents. Company shall be responsible for insuring that Dealers are duly qualified, under the insurance laws of the applicable jurisdictions, to sell the Contracts.
Life Insurance Agents. Pacific Mutual shall be responsible for ensuring that Broker and its agents or representatives and general agent and its sub- agents meet all qualifications and hold any licenses or authorizations that may be required for the solicitation or sale of the Contracts under the insurance laws of the applicable jurisdictions.
Life Insurance Agents. ING Reliastar is responsible for ensuring that each Broker/Dealer and its agents or representatives and general agents and sub-agents meet all qualifications and hold such licenses or authorizations that are required for the solicitation or sale of the Contracts under the insurance laws of applicable jurisdictions.
Life Insurance Agents. PL&A shall be responsible for ensuring that Broker --------------------- and its agents or representatives and general agent and its sub-agents meet all qualifications and hold any licenses or authorizations that may be required for the solicitation or sale of the Contracts under the insurance laws of the applicable jurisdictions.
Life Insurance Agents. Security Life shall be responsible for ensuring that Broker and its agents or representatives and general agent and its sub- agents meet all qualifications and hold any Licenses or authorizations that may be required for the solicitation or sale of the Contracts under the insurance laws of the applicable jurisdictions.
Life Insurance Agents. (a) ManEquity is authorized to appoint the organizations described in Section 2(a) above as independent general agents of ManuLife America for the sale of the Policies and any supplementary benefits or policies in connection therewith. ManuLife America will undertake to apply for life insurance agent licenses in the appropriate states or jurisdictions of the designated agents or representatives of those organizations so appointed by ManEquity; provided that ManuLife America reserves the right to refuse to appoint any proposed agent, or once appointed to terminate the same.
(b) ManuLife America retains the right to appoint and discharge any life insurance and annuity agents, general agents or organizations appointed by ManuLife America.
(c) Anyone or any party selling the Policies must be duly licensed life insurance and annuity producers. ManuLife America shall have the responsibility for arranging for such licenses.
(d) All premium funds collected by ManEquity or any organization appointed by ManEquity pursuant to Section 2(a) above, or their representatives, shall be held at all times in a fiduciary capacity and promptly be forwarded to ManuLife America. ManEquity will advise ManuLife America of the amount of gross premiums received. 6 Section 5. Suitability.
(a) ManuLife America wishes to ensure that the Policies distributed by ManEquity will be issued to purchasers for whom the Policy will be suitable. ManEquity shall take reasonable steps to ensure that the various agents appointed by it or by organizations appointed by ManEquity pursuant to 2(a) above shall not make recommendations to an applicant to purchase a Policy and shall not issue a Policy in the absence of reasonable grounds to believe that the purchase of the Policy is suitable for such applicant. ManEquity shall adhere to the Standards of Suitability for the Policy adopted by ManuLife America. The Standards of Suitability are set forth in Schedule A, which schedule is incorporated herein. While not limited to the following, a determination of suitability shall be based on information furnished to an agent after reasonable inquiry of such applicant concerning the applicant's insurance and investment objectives, financial situation and needs, and the likelihood that the applicant will persist with the Policy.
(b) ManuLife America, however, retains the ultimate right of control over and responsibility for, marketing the Policies.
(c) ManuLife America also retains the right to reject applicatio...
Life Insurance Agents. MLPF&S is authorized to help arrange for the appointment of the organizations described in paragraph 2 above as independent general agents of ML of New York for the sale of the Contracts and any riders or contracts in connection therewith. ML of New York will undertake to apply for life insurance agent licenses in the appropriate states or jurisdictions for the designated agents or representatives of those GAs so appointed by MLPF&S; provided that ML of New York reserves the right to refuse to appoint any proposed agent, or once appointed to terminate the same.
Life Insurance Agents. (a) ManEquity is authorized to appoint the organizations described in Section 2(a) above as independent general agents of ManUSA for the sale of the Policies and any supplementary benefits or policies in connection therewith. ManUSA will undertake to apply for life insurance agent appointments in the appropriate states or jurisdictions of the designated agents or representatives of those organizations so appointed by ManEquity; provided that ManUSA reserves the right to refuse to appoint any proposed agent, or once appointed to terminate the same,
(b) Anyone or any party selling the Policies must be duly licensed insurance producers. ManUSA shall have the responsibility for arranging for such agent appointments.
(c) All premium funds collected by ManEquity or any organization appointed by ManEquity pursuant to Section 2(a) above, or their representatives, shall be held at all times in a fiduciary capacity and promptly be forwarded to ManUSA.
Life Insurance Agents. Pacific Life shall be responsible for ensuring that Broker and its agents or representatives and general agent and its sub- agents meet all qualifications and hold any licenses or authorizations that may be required for the solicitation or sale of any Contracts under the insurance laws of the applicable jurisdictions.
Life Insurance Agents. ING Southland is responsible for ensuring that Broker/Dealer and its agents or representatives and general agent and sub-agents meet all qualifications and hold such licenses or authorizations that are required for the solicitation or sale of the Contracts under the insurance laws of applicable jurisdictions.
