Common use of NOTICE OF REPRESENTATIVE'S NONCOMPLIANCE Clause in Contracts

NOTICE OF REPRESENTATIVE'S NONCOMPLIANCE. In the event a Representative fails or refuses to submit to supervision by Broker/Dealer, ceases to be a registered representative of Broker/Dealer, or fails to meet the rules and standards imposed by Broker/Dealer on its Representatives, Broker/Dealer shall certify such fact to AILIC and shall immediately notify such Representative that he or she is no longer authorized to sell the Contracts, and Broker/Dealer shall take whatever additional action may be necessary to terminate the sales activities of such Representative relating to the Contracts.

Appears in 6 contracts

Samples: Selling Agreement (Annuity Investors Variable Account B), Selling Agreement (Annuity Investors Variable Account B), Selling Agreement (Annuity Investors Variable Account C)

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NOTICE OF REPRESENTATIVE'S NONCOMPLIANCE. In the event a Representative fails or refuses to submit to supervision by Broker/Dealer, ceases to be a registered representative of Broker/Dealer, Dealer or otherwise fails to meet the rules and standards imposed by Broker/Dealer on its Representatives, Broker/Dealer shall certify such advise General Distributor of this fact to AILIC and shall immediately notify such Representative that he or she is no longer authorized to sell the Contracts, Variable Contracts and Broker/Dealer shall take whatever additional action may be necessary to terminate the sales activities of such Representative relating to the Variable Contracts.

Appears in 3 contracts

Samples: Selling Agreement (Reliastar Select Life Variable Account), Broker/Dealer Agency Selling Agreement (Separate Account One of Northern Life Insurance Co), Broker/Dealer Agency Selling Agreement for Variable Contracts (Reliastar Life Ins Co of New York Var Life Sep Acct I)

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