Common use of OBLIGATIONS OF GENERAL AGENT AND BROKER-DEALER Clause in Contracts

OBLIGATIONS OF GENERAL AGENT AND BROKER-DEALER. a. General Agent and Broker-Dealer shall permit Agents to solicit applications for Contracts only if they (i) are duly licensed insurance producers and appointed by The Company and (ii) in the case of Securities Contracts, are also registered representatives of Broker-Dealer. b. All applications for Contracts shall be made on application forms supplied by The Company; shall be reviewed by General Agent, in the case of Insurance Contracts, and by Broker-Dealer, in the case of Securities Contracts, for completeness and correctness, as well as compliance with applicable suitability standards; in the case of Securities Contracts, shall be approved by an appropriate principal of Broker-Dealer as to suitability; when completed, shall, before the Contract is issued, be forwarded promptly to The Company, but in no case later than the end of the next business day following receipt by General Agent, Broker-Dealer or an Agent, to The Company or as otherwise provided in The Company’s administrative procedures; shall be sent to The Company at the address shown on the application or such other address as The Company may specify from time to time; and shall be accompanied by any premium payment received with such applications, without any deduction or offset for any reason, including but not limited to compensation payable to General Agent or Broker-Dealer, unless The Company or Jxxx Hxxxxxx Distributors LLC and General Agent or Broker-Dealer have previously agreed to an arrangement for deduction or offset. Checks or money orders for the payment of premiums shall be drawn to the order of The Company or as The Company shall otherwise authorize or direct from time to time. General Agent and Broker-Dealer do not have authority to deposit or endorse checks payable to The Company without the prior written approval of The Company. The Company has the right in its sole discretion to reject any application for a Contract and return any premium payment made in connection with the sale of the Contract. c. The Company may require that any medical examination made in conjunction with an application for a Contract be made by a medical examiner approved by The Company and shall pay only those fees in connection with medical examinations that have been expressly authorized by it. d. Contracts issued on accepted applications shall be delivered to the contract owners according to administrative procedures established by The Company. e. General Agent and Broker-Dealer shall not, directly or indirectly, expend or contract for the expenditure of any funds of The Company or Jxxx Hxxxxxx Distributors LLC. The Company and Jxxx Hxxxxxx Distributors LLC shall not be obligated to pay any expense incurred by General Agent or Broker-Dealer in the performance of this Agreement, unless otherwise specifically provided for in this Agreement or agreed to in advance in writing by The Company or Jxxx Hxxxxxx Distributors LLC. f. General Agent and Broker-Dealer are not authorized: to incur indebtedness or make contracts on behalf of The Company or Jxxx Hxxxxxx Distributors LLC; to alter or amend any of the provisions of the Contracts or the forms prescribed by The Company or Jxxx Hxxxxxx Distributors LLC; to discharge, waive any forfeitures under or extend the time for making payments under the Contracts; to pay any premium or other payment on behalf of a Contract applicant; to enter into any court or regulatory proceeding in the name of or on behalf of The Company or Jxxx Hxxxxxx Distributors LLC; or to bind The Company or Jxxx Hxxxxxx Distributors LLC in any way not specifically authorized in writing by the party to be bound.

OBLIGATIONS OF GENERAL AGENT AND BROKER-DEALER. a. General Agent and Broker-Dealer shall permit Agents to solicit applications for Contracts only if they (i) are duly licensed insurance producers and appointed by The Company and (ii) in the case of Securities Contracts, are also registered representatives of Broker-Dealer. b. All applications for Contracts shall be made on application forms supplied by The Company; shall be reviewed by General Agent, in the case of Insurance Contracts, and by Broker-Dealer, in the case of Securities Contracts, for completeness and correctness, as well as compliance with applicable suitability standards; in the case of Securities Contracts, shall be approved by an appropriate principal of Broker-Dealer as to suitability; when completed, shall, before the Contract is issued, be forwarded promptly to The Company, but in no case later than the end of the next business day following receipt by General Agent, Broker-Dealer or an Agent, to The Company or as otherwise provided in The Company’s 's administrative procedures; shall be sent to The Company at the address shown on the application or such other address as The Company may specify from time to time; and shall be accompanied by any premium payment received with such applications, without any deduction or offset for any reason, including but not limited to compensation payable to General Agent or Broker-Dealer, unless The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC and General Agent or Broker-Dealer have previously agreed to an arrangement for deduction or offset. Checks or money orders for the payment of premiums shall be drawn to the order of The Company or as The Company shall otherwise authorize or direct from time to time. General Agent and Broker-Dealer do not have authority to deposit or endorse checks payable to The Company without the prior written approval of The Company. The Company has the right in its sole discretion to reject any application for a Contract and return any premium payment made in connection with the sale of the Contract. c. The Company may require that any medical examination made in conjunction with an application for a Contract be made by a medical examiner approved by The Company and shall pay only those fees in connection with medical examinations that have been expressly authorized by it. d. Contracts issued on accepted applications shall be delivered to the contract owners according to administrative procedures established by The Company. e. General Agent and Broker-Dealer shall not, directly or indirectly, expend or contract for the expenditure of any funds of The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC. The Company and Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC shall not be obligated to pay any expense incurred by General Agent or Broker-Dealer in the performance of this Agreement, unless otherwise specifically provided for in this Agreement or agreed to in advance in writing by The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC. f. General Agent and Broker-Dealer are not authorized: to incur indebtedness or make contracts on behalf of The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC; to alter or amend any of the provisions of the Contracts or the forms prescribed by The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC; to discharge, waive any forfeitures under or extend the time for making payments under the Contracts; to pay any premium or other payment on behalf of a Contract applicant; to enter into any court or regulatory proceeding in the name of or on behalf of The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC; or to bind The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC in any way not specifically authorized in writing by the party to be bound.

OBLIGATIONS OF GENERAL AGENT AND BROKER-DEALER. a. General Agent and Broker-Dealer shall permit Agents to solicit applications for Contracts only if they (i) are duly licensed insurance producers Agents and appointed by The Company Manulife USA and (ii) in the case of Securities Contracts, are also registered representatives of Broker-Dealer. b. All applications for Contracts shall be made on application forms supplied by The CompanyManulife USA; shall be reviewed by General Agent, in the case of Insurance Contracts, and by Broker-Dealer, in the case of Securities Contracts, for completeness and correctness, as well as compliance with applicable suitability standards; in the case of Securities Contracts, shall be approved by an appropriate principal of Broker-Dealer as to suitability; when completed, shall, before the Contract is issued, be forwarded promptly to The Companypromptly, but in no case later than the end of the next business day following receipt by General Agent, Broker-Dealer or an Agent, to The Company Manulife USA or as otherwise provided in The Company’s Manulife USA's administrative procedures; shall be sent to The Company Manulife USA at the address shown on the application or such other address as The Company Manulife USA may specify from time to time; and shall be accompanied by any premium payment received with such applications, without any deduction or offset for any reason, including but not limited to compensation payable to General Agent or Broker-Dealer, unless The Company Manulife USA or Jxxx Hxxxxxx Distributors LLC ManEquity and General Agent or Broker-Dealer have previously agreed to an arrangement for deduction or offset. Checks or money orders for the payment of premiums shall be drawn to the order of "The Manufacturers Life Insurance Company (U.S.A.)", or such other name as The Company Manulife USA shall otherwise authorize or direct from time to time. General Agent and Broker-Dealer do not have authority to deposit or endorse checks payable to The Company Manulife USA without the prior written approval of The CompanyManulife USA. The Company Manulife USA has the right in its sole discretion to reject any application for a Contract and return any premium payment made in connection with the sale of the Contract. c. The Company may require that any medical examination made in conjunction with an application for a Contract be made by a medical examiner approved by The Company and shall pay only those fees in connection with medical examinations that have been expressly authorized by it. d. Contracts issued on accepted applications shall be delivered to the contract owners according to administrative procedures established by The Company. e. General Agent and Broker-Dealer shall not, directly or indirectly, expend or contract for the expenditure of any funds of The Company or Jxxx Hxxxxxx Distributors LLC. The Company and Jxxx Hxxxxxx Distributors LLC shall not be obligated to pay any expense incurred by General Agent or Broker-Dealer in the performance of this Agreement, unless otherwise specifically provided for in this Agreement or agreed to in advance in writing by The Company or Jxxx Hxxxxxx Distributors LLC. f. General Agent and Broker-Dealer are not authorized: to incur indebtedness or make contracts on behalf of The Company or Jxxx Hxxxxxx Distributors LLC; to alter or amend any of the provisions of the Contracts or the forms prescribed by The Company or Jxxx Hxxxxxx Distributors LLC; to discharge, waive any forfeitures under or extend the time for making payments under the Contracts; to pay any premium or other payment on behalf of a Contract applicant; to enter into any court or regulatory proceeding in the name of or on behalf of The Company or Jxxx Hxxxxxx Distributors LLC; or to bind The Company or Jxxx Hxxxxxx Distributors LLC in any way not specifically authorized in writing by the party to be bound.

OBLIGATIONS OF GENERAL AGENT AND BROKER-DEALER. a. General Agent and Broker-Dealer shall permit Agents to solicit applications for Contracts only if they (i) are duly licensed insurance producers and appointed by The Company and (ii) in the case of Securities Contracts, are also registered representatives of Broker-Dealer. b. All applications for Contracts shall be made on application forms supplied by The Company; shall be reviewed by General Agent, in the case of Insurance Contracts, and by Broker-Dealer, in the case of Securities Contracts, for completeness and correctness, as well as compliance with applicable suitability standards; in the case of Securities Contracts, shall be approved by an appropriate principal of Broker-Dealer as to suitability; when completed, shall, before the Contract is issued, be forwarded promptly to The Company, but in no case later than the end of the next business day following receipt by General Agent, Broker-Dealer or an Agent, to The Company or as otherwise provided in The Company’s administrative procedures; shall be sent to The Company at the address shown on the application or such other address as The Company may specify from time to time; and shall be accompanied by any premium payment received with such applications, without any deduction or offset for any reason, including but not limited to compensation payable to General Agent or Broker-Dealer, unless The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC and General Agent or Broker-Dealer have previously agreed to an arrangement for deduction or offset. Checks or money orders for the payment of premiums shall be drawn to the order of The Company or as The Company shall otherwise authorize or direct from time to time. General Agent and Broker-Dealer do not have authority to deposit or endorse checks payable to The Company without the prior written approval of The Company. The Company has the right in its sole discretion to reject any application for a Contract and return any premium payment made in connection with the sale of the Contract. c. The Company may require that any medical examination made in conjunction with an application for a Contract be made by a medical examiner approved by The Company and shall pay only those fees in connection with medical examinations that have been expressly authorized by it. d. Contracts issued on accepted applications shall be delivered to the contract owners according to administrative procedures established by The Company. e. General Agent and Broker-Dealer shall not, directly or indirectly, expend or contract for the expenditure of any funds of The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC. The Company and Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC shall not be obligated to pay any expense incurred by General Agent or Broker-Dealer in the performance of this Agreement, unless otherwise specifically provided for in this Agreement or agreed to in advance in writing by The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC. f. General Agent and Broker-Dealer are not authorized: to incur indebtedness or make contracts on behalf of The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC; to alter or amend any of the provisions of the Contracts or the forms prescribed by The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC; to discharge, waive any forfeitures under or extend the time for making payments under the Contracts; to pay any premium or other payment on behalf of a Contract applicant; to enter into any court or regulatory proceeding in the name of or on behalf of The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC; or to bind The Company or Jxxx Hxxxxxx Xxxx Xxxxxxx Distributors LLC in any way not specifically authorized in writing by the party to be bound.

OBLIGATIONS OF GENERAL AGENT AND BROKER-DEALER. a. General Agent and Broker-Dealer shall permit Agents to solicit applications for Contracts only if they (i) are duly licensed insurance producers Agents and appointed by The Company Manulife USA and (ii) in the case of Securities Contracts, are also registered representatives of Broker-Dealer. b. All applications for Contracts shall be made on application forms supplied by The CompanyManulife USA; shall be reviewed by General Agent, in the case of Insurance Contracts, and by Broker-Dealer, in the case of Securities Contracts, for completeness and correctness, as well as compliance with applicable suitability standards; in the case of Securities Contracts, shall be approved by an appropriate principal of Broker-Dealer as to suitability; when completed, shall, before the Contract is issued, be forwarded promptly to The Companypromptly, but in no case later than the end of the next business day following receipt by General Agent, Broker-Dealer or an Agent, to The Company Manulife USA or as otherwise provided in The Company’s Manulife USA's administrative procedures; shall be sent to The Company Manulife USA at the address shown on the application or such other address as The Company Manulife USA may specify from time to time; and shall be accompanied by any premium payment received with such applications, without any deduction or offset for any reason, including but not limited to compensation payable to General Agent or Broker-Dealer, unless The Company Manulife USA or Jxxx Hxxxxxx Distributors LLC ManEquity and General Agent or Broker-Dealer have previously agreed to an arrangement for deduction or offset. Checks or money orders for the payment of premiums shall be drawn to the order of "The Manufacturers Life Insurance Company (U.S.A.)", or such other name as The Company Manulife USA shall otherwise authorize or direct from time to time. General Agent and Broker-Dealer do not have authority to deposit or endorse checks payable to The Company Manulife USA without the prior written approval of The CompanyManulife USA. The Company Manulife USA has the right in its sole discretion to reject any application for a Contract and return any premium payment made in connection with the sale of the Contract. . -------------------------------------------------------------------------------- Manulife Financial and the block design are registered service marks and trademarks of The Manufacturers Life Insurance Company and are used by it and its affiliates including Manulife Financial Corporation. AG1010US (08/2001) 4 c. The Company Manulife USA may require that any medical examination made in conjunction with an application for a Contract be made by a medical examiner approved by The Company Manulife USA and shall pay only those fees in connection with medical examinations that have been expressly authorized by it. d. Contracts issued on accepted applications shall be delivered to the contract owners according to administrative procedures established by The Company. e. General Agent and Broker-Dealer shall not, directly or indirectly, expend or contract for the expenditure of any funds of The Company or Jxxx Hxxxxxx Distributors LLC. The Company and Jxxx Hxxxxxx Distributors LLC shall not be obligated to pay any expense incurred by General Agent or Broker-Dealer in the performance of this Agreement, unless otherwise specifically provided for in this Agreement or agreed to in advance in writing by The Company or Jxxx Hxxxxxx Distributors LLC. f. General Agent and Broker-Dealer are not authorized: to incur indebtedness or make contracts on behalf of The Company or Jxxx Hxxxxxx Distributors LLC; to alter or amend any of the provisions of the Contracts or the forms prescribed by The Company or Jxxx Hxxxxxx Distributors LLC; to discharge, waive any forfeitures under or extend the time for making payments under the Contracts; to pay any premium or other payment on behalf of a Contract applicant; to enter into any court or regulatory proceeding in the name of or on behalf of The Company or Jxxx Hxxxxxx Distributors LLC; or to bind The Company or Jxxx Hxxxxxx Distributors LLC in any way not specifically authorized in writing by the party to be bound.

OBLIGATIONS OF GENERAL AGENT AND BROKER-DEALER. a. General Agent and Broker-Dealer shall permit Agents to solicit applications for Contracts only if they (i) are duly licensed insurance producers Agents and appointed by The Company Manulife USA and (ii) in the case of Securities Contracts, are also registered representatives of Broker-Dealer. b. All applications for Contracts shall be made on application forms supplied by The CompanyManulife USA; shall be reviewed by General Agent, in the case of Insurance Contracts, and by Broker-Dealer, in the case of Securities Contracts, for completeness and correctness, as well as compliance with applicable suitability standards; in the case of Securities Contracts, shall be approved by an appropriate principal of Broker-Dealer as to suitability; when completed, shall, before the Contract is issued, be forwarded promptly to The Companypromptly, but in no case later than the end of the next business day following receipt by General Agent, Broker-Dealer or an Agent, to The Company Manulife USA or as otherwise provided in The Company’s Manulife USA's administrative procedures; shall be sent to The Company Manulife USA at the address shown on the application or such other address as The Company Manulife USA may specify from time to time; and shall be accompanied by any premium payment received with such applications, without any deduction or offset for any reason, including but not limited to compensation payable to General Agent or Broker-Dealer, unless The Company Manulife USA or Jxxx Hxxxxxx Distributors LLC ManEquity and General Agent or Broker-Dealer have previously agreed to an arrangement for deduction or offset. Checks or money orders for the payment of premiums shall be drawn to the order of "The Manufacturers Life Insurance Company (U.S.A.)", or such other name as The Company Manulife USA shall otherwise authorize or direct from time to time. General Agent and Broker-Dealer do not have authority to deposit or endorse checks payable to The Company Manulife USA without the prior written approval of The CompanyManulife USA. The Company Manulife USA has the right in its sole discretion to reject any application for a Contract and return any premium payment made in connection with the sale of the Contract. . Manulife Financial and the block design are registered service marks and trademarks of The Manufacturers Life Insurance Company and are used by it and its affiliates including Manulife Financial Corporation. AG1010US (08/2001) 4 c. The Company Manulife USA may require that any medical examination made in conjunction with an application for a Contract be made by a medical examiner approved by The Company Manulife USA and shall pay only those fees in connection with medical examinations that have been expressly authorized by it. d. Contracts issued on accepted applications shall be delivered to the contract owners according to administrative procedures established by The Company. e. General Agent and Broker-Dealer shall not, directly or indirectly, expend or contract for the expenditure of any funds of The Company or Jxxx Hxxxxxx Distributors LLC. The Company and Jxxx Hxxxxxx Distributors LLC shall not be obligated to pay any expense incurred by General Agent or Broker-Dealer in the performance of this Agreement, unless otherwise specifically provided for in this Agreement or agreed to in advance in writing by The Company or Jxxx Hxxxxxx Distributors LLC. f. General Agent and Broker-Dealer are not authorized: to incur indebtedness or make contracts on behalf of The Company or Jxxx Hxxxxxx Distributors LLC; to alter or amend any of the provisions of the Contracts or the forms prescribed by The Company or Jxxx Hxxxxxx Distributors LLC; to discharge, waive any forfeitures under or extend the time for making payments under the Contracts; to pay any premium or other payment on behalf of a Contract applicant; to enter into any court or regulatory proceeding in the name of or on behalf of The Company or Jxxx Hxxxxxx Distributors LLC; or to bind The Company or Jxxx Hxxxxxx Distributors LLC in any way not specifically authorized in writing by the party to be bound.

OBLIGATIONS OF GENERAL AGENT AND BROKER-DEALER. a. General Agent and Broker-Dealer shall permit Agents to solicit applications for Contracts only if they (i) are duly licensed insurance producers Agents and appointed by The Company Manulife USA and (ii) in the case of Securities Contracts, are also registered representatives of Broker-Dealer. b. All applications for Contracts shall be made on application forms supplied by The CompanyManulife USA; shall be reviewed by General Agent, in the case of Insurance Contracts, and by Broker-Dealer, in the case of Securities Contracts, for completeness and correctness, as well as compliance with applicable suitability standards; in the case of Securities Contracts, shall be approved by an appropriate principal of Broker-Dealer as to suitability; when completed, shall, before the Contract is issued, be forwarded promptly to The Companypromptly, but in no case later than the end of the next business day following receipt by General Agent, Broker-Dealer or an Agent, to The Company Manulife USA or as otherwise provided in The Company’s Manulife USA's administrative procedures; shall be sent to The Company Manulife USA at the address shown on the application or such other address as The Company Manulife USA may specify from time to time; and shall be accompanied by any premium payment received with such applications, without any deduction or offset for any reason, including but not limited to compensation payable to General Agent or Broker-Dealer, unless The Company Manulife USA or Jxxx Hxxxxxx Distributors LLC ManEquity and General Agent or Broker-Dealer have previously agreed to an arrangement for deduction or offset. Checks or money orders for the payment of premiums shall be drawn to the order of "The Manufacturers Life Insurance Company (U.S.A.)", or such other name as The Company Manulife USA shall otherwise authorize or direct from time to time. General Agent and Broker-Dealer do not have authority to deposit or endorse checks payable to The Company Manulife USA without the prior written approval of The CompanyManulife USA. The Company Manulife USA has the right in its sole discretion to reject any application for a Contract and return any premium payment made in connection with the sale of the Contract.. -------------------------------------------------------------------------------- Manulife Financial and the block design are registered service marks and trademarks of The Manufacturers Life Insurance Company and are used by it and its affiliates including Manulife Financial Corporation. AG1010US (08/2001) c. The Company Manulife USA may require that any medical examination made in conjunction with an application for a Contract be made by a medical examiner approved by The Company Manulife USA and shall pay only those fees in connection with medical examinations that have been expressly authorized by it. d. Contracts issued on accepted applications shall be delivered to the contract owners according to administrative procedures established by The CompanyManulife USA. e. General Agent and Broker-Dealer shall not, directly or indirectly, expend or contract for the expenditure of any funds of The Company Manulife USA or Jxxx Hxxxxxx Distributors LLCManEquity. The Company Manulife USA and Jxxx Hxxxxxx Distributors LLC ManEquity shall not be obligated to pay any expense incurred by General Agent or Broker-Dealer in the performance of this Agreement, unless otherwise specifically provided for in this Agreement or agreed to in advance in writing by The Company Manulife USA or Jxxx Hxxxxxx Distributors LLCManEquity. f. General Agent and Broker-Dealer are not authorized: to incur indebtedness or make contracts on behalf of The Company Manulife USA or Jxxx Hxxxxxx Distributors LLCManEquity; to alter or amend any of the provisions of the Contracts or the forms prescribed by The Company Manulife USA or Jxxx Hxxxxxx Distributors LLCManEquity; to discharge, waive any forfeitures under or extend the time for making payments under the Contracts; to pay any premium or other payment on behalf of a Contract applicant; to enter into any court or regulatory proceeding in the name of or on behalf of The Company Manulife USA or Jxxx Hxxxxxx Distributors LLCManEquity; or to bind The Company Manulife USA or Jxxx Hxxxxxx Distributors LLC ManEquity in any way not specifically authorized in writing by the party to be bound.