Limitations of Authority. SECTION 2. Neither Broker-Dealer nor any Registered Representative will have authority to accept risks of any kind; to make, alter or discharge Contracts; to waive forfeitures or exclusions; to alter or amend any papers received from either Insurance Company; to deliver any life insurance Contract or any document, agreement or endorsement changing the amount of insurance coverage if Broker-Dealer or the soliciting Registered Representative knows or has reason to believe that the insured is uninsurable; or to accept any payment unless the payment meets the minimum payment requirement for the Contract established by the Insurance Company.
Appears in 9 contracts
Samples: Sales Agreement (Separate Account Va-P of Allmerica Fin Life Insur & Annu Co), Sales Agreement (Separate Account Kg of Allmerica Fin Life Ins & Annuity Co), Sales Agreement (Separate Account Va-K of Allmerican Fn Lf Ins & an Co)
Limitations of Authority. SECTION 2. Neither The Broker-Dealer nor any and Registered Representative Representatives will have no authority to accept risks of any kind; to make, alter or discharge Contracts; to waive forfeitures or exclusions; to alter or amend any papers received from either Insurance Company; to deliver any life insurance Contract or any document, agreement or endorsement changing the amount of insurance coverage if the Broker-Dealer or the soliciting Registered Representative knows or has reason to believe that the insured is uninsurable; or to accept any payment unless the payment meets the minimum payment requirement for the Contract established by the Insurance Company.
Appears in 3 contracts
Samples: Sales Agreement (Inheiritage Account of 1st Allmerica Financial Life Ins Co), Sales Agreement (Allmerica Fin Life Ins & Ann Co Allmerica Sel Acct), Sales Agreement (Allmerica Select Sep Acct of 1st Allmerica Fin Life Ins Co)
