Payments to Broker-Dealers. Phoenix shall serve as paying agent for amounts due broker-dealers for sales commissions and shall be responsible to pay such amounts to the persons entitled thereto as set forth in the applicable written agreements with such broker-dealers, subject to all applicable state insurance laws and regulations and all applicable federal and/or state securities laws and NASD rules. PEPCO shall reflect such amounts on its books and records (as created and maintained by Phoenix) as required by Paragraph 1.04 hereto.
Appears in 7 contracts
Samples: Master Service and Distribution Compliance Agreement (Phoenix Home Life Variable Accumulation Account), Master Service and Distribution Compliance Agreement (Phoenix Life Variable Universal Life Account), Master Service and Distribution Compliance Agreement (Phoenix Life Variable Accumulation Account)
Payments to Broker-Dealers. Phoenix shall serve as paying agent for amounts due broker-dealers for sales commissions and shall be primarily responsible to pay such amounts sales commissions to the persons broker/dealers entitled thereto as set forth in the applicable written agreements with such broker-dealers, subject to all applicable state insurance laws and regulations and all applicable federal and/or state securities laws and NASD FINRA rules. PEPCO 1851 shall reflect such amounts on its books and records (as created and maintained by Phoenix) as required by Paragraph 1.04 hereto.
Appears in 4 contracts
Samples: Principal Underwriting and Distribution Agreement (Phlvic Variable Universal Life Account), Principal Underwriting and Distribution Agreement (Phoenix Life Variable Universal Life Account), Principal Underwriting and Distribution Agreement (PHL Variable Insurance Co /Ct/)
Payments to Broker-Dealers. Phoenix shall serve as paying agent for amounts due broker-dealers for sales commissions and shall be responsible to pay such amounts to the persons entitled thereto as set forth in the applicable written agreements with such broker-dealers, subject to all applicable state insurance laws and regulations and all applicable federal and/or state securities laws and NASD FINRA rules. PEPCO shall reflect such amounts on its books and records (as created and maintained by Phoenix) as required by Paragraph 1.04 hereto.
Appears in 2 contracts
Samples: Principal Underwriting and Distribution Agreement (Phoenix Life Variable Universal Life Account), Principal Underwriting and Distribution Agreement (Phlvic Variable Universal Life Account)
Payments to Broker-Dealers. Phoenix shall serve as paying agent for amounts due broker-dealers for sales commissions and shall be responsible to pay such amounts to the persons entitled thereto as set forth in the applicable written agreements with such broker-dealers, subject to all applicable state insurance laws and regulations and all applicable federal and/or state securities laws and NASD FINRA rules. PEPCO 1851 shall reflect such amounts on its books and records (as created and maintained by Phoenix) as required by Paragraph 1.04 hereto.
Appears in 2 contracts
Samples: Principal Underwriting and Distribution Agreement (Phlvic Variable Universal Life Account), Principal Underwriting and Distribution Agreement (Phoenix Life Variable Universal Life Account)
Payments to Broker-Dealers. Phoenix shall serve as paying agent for amounts due broker-dealers for sales commissions commissions, if any, and shall be responsible to pay such amounts to the persons entitled thereto as set forth in the applicable written agreements with such broker-dealers, subject to all applicable state insurance laws and regulations and all applicable federal and/or state securities laws and NASD FINRA rules. PEPCO 1851 shall reflect such amounts on its books and records (as created and maintained by Phoenix) as required by Paragraph 1.04 hereto.
Appears in 1 contract
Samples: Principal Underwriting and Distribution Agreement (PHL Variable Insurance Co /Ct/)
Payments to Broker-Dealers. Phoenix shall serve as paying agent for amounts due broker-dealers for sales commissions commissions, if any, and shall be responsible to pay such amounts to the persons entitled thereto as set forth in the applicable written agreements with such broker-dealers, subject to all applicable state insurance laws and regulations and all applicable federal and/or state securities laws and NASD FINRA rules. PEPCO shall reflect such amounts on its books and records (as created and maintained by Phoenix) as required by Paragraph 1.04 hereto.
Appears in 1 contract
Samples: Principal Underwriting and Distribution Agreement (PHL Variable Insurance Co /Ct/)
