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 of SELLING BROKER-DEALER, ceases to be a Representative of SELLING BROKER-DEALER, or fails to meet the rules and standards imposed by SELLING BROKER- DEALER on its Representatives, SELLING BROKER-DEALER shall certify such fact to the INSURER in writing immediately, and shall immediately notify such Representative that he or she is no longer authorized to sell the Contracts.

Appears in 2 contracts

Samples: Broker Dealer Supervisory and Selling Agreement (Security Life Separate Account L1), Broker Dealer Supervisory and Selling Agreement (Security Life Separate Account A1)

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NOTICE OF REPRESENTATIVE'S NONCOMPLIANCE. In the event a ---------------------------------------- Representative fails or refuses to submit to supervision of SELLING BROKER-DEALER, ceases to be a Representative of SELLING BROKER-DEALER, or fails to meet the rules and standards imposed by SELLING BROKER- BROKER-DEALER on its Representatives, SELLING BROKER-DEALER shall certify such fact to the INSURER in writing immediately, and shall immediately notify such Representative that he or she is no longer authorized to sell the Contracts.

Appears in 1 contract

Samples: Selling Agreement (Southland Separate Account L1)

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NOTICE OF REPRESENTATIVE'S NONCOMPLIANCE. In the event a ---------------------------------------- Representative fails or refuses to submit to supervision of SELLING BROKER-BROKER- DEALER, ceases to be a Representative of SELLING BROKER-DEALER, or fails to meet the rules and standards imposed by SELLING BROKER- BROKER-DEALER on its Representatives, SELLING BROKER-DEALER shall certify such fact to the INSURER in writing immediately, and shall immediately notify such Representative that he or she is no longer authorized to sell the Contracts.

Appears in 1 contract

Samples: Broker Dealer Supervisory and Selling Agreement (Security Life Separate Account L1)

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