Ownership Changes. When a change in ownership occurs involving a corporation, a qualified retirement plan or an irrevocable trust, the New Policy will not be considered Rewritten Business for RWB commission rule purposes, even though the insured is the same. Neither will an individually-owned policy sold after a corporate-owned policy is terminated because of business failure or bankruptcy.
Appears in 4 contracts
Samples: Selling Agreement (Paragon Separate Account A), Sales Agreement (Metropolitan Life Separate Account Ul), Sales Agreement (New England Variable Life Separate Account)
Ownership Changes. When a change in ownership occurs involving a corporation, a ----------------- qualified retirement plan or an irrevocable trust, the New Policy will not be considered Rewritten Business for RWB commission rule purposes, even though the insured is the same. Neither will an individually-owned policy sold after a corporate-owned policy is terminated because of business failure or bankruptcy.
Appears in 1 contract
Ownership Changes. When a change in ownership occurs involving a corporation, a ------------------ qualified retirement plan or an irrevocable trust, the New Policy will not be considered Rewritten Business for RWB commission rule purposes, even though the insured is the same. Neither will an individually-owned policy sold after a corporate-owned policy is terminated because of business failure or bankruptcy.
Appears in 1 contract
Samples: Sales Agreement (Metlife Investors Variable Annuity Account One)
