MONEY RECEIVED BY BROKER-DEALER. All money payable in connection with any of the Policies, whether as premium or otherwise, and whether paid by or on behalf of any policyholder, contract owner or anyone else having an interest in the Policies, is the property of the Company and shall be transmitted immediately in accordance with the administrative procedures of the Company without any deduction or offset for any reason, including, by way of example but not limitation, any deduction or offset for compensation claimed by Broker-Dealer.
Appears in 3 contracts
Samples: Broker Dealer Selling Agreement (Lincoln Life Flexible Premium Variable Life Account M), Broker Dealer Selling Agreement (Lincoln Life Flexible Premium Variable Life Account S), Broker Dealer Selling Agreement (Lincoln Life & Annuity Flexible Prem Vari Life Acct M)
MONEY RECEIVED BY BROKER-DEALER. All money payable in connection with any of the Policies, whether as premium or otherwise, and whether paid by or on behalf of any policyholder, contract owner or anyone else having an interest in the Policies, is the property of the Company and shall be transmitted immediately in accordance with the administrative procedures of the Company without any deduction or offset for any reason, including, by way of example but not limitation, any deduction or offset for compensation claimed by Broker-Broker- Dealer.
Appears in 1 contract
Samples: Broker Dealer Selling Agreement (Cigna Variable Annuity Separate Account I)
