Common use of Plan of Insurance Clause in Contracts

Plan of Insurance. Broker shall maintain in full force and effect during the term of this Agreement a plan of insurance, which may be a plan of self-insurance, which shall provide coverage for errors and omissions of the Broker, an Agency, representatives and agents, including Representatives, in such amounts and scope of coverage as are acceptable to Company in its sole discretion. If such insurance plan terminates for any reason during the term of this Agreement, Broker shall immediately notify Company in writing of such termination. If requested by Company, Broker shall provide evidence of coverage under an insurance policy satisfactory to Company, in its sole discretion, showing the amount and scope of coverage provided.

Appears in 7 contracts

Samples: Sales Agreement (Paragon Separate Account A), Retail Sales Agreement (Metlife Investors Variable Annuity Account One), Retail Sales Agreement (Metlife Investors Variable Life Account One)

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Plan of Insurance. Broker shall maintain in full force and _________________ effect during the term of this Agreement a plan of insurance, which may be a plan of self-insurance, which shall provide coverage for errors and omissions of the Broker, an Agency, representatives and agents, including Representatives, in such amounts and scope of coverage as are acceptable to Company in its sole discretion. If such insurance plan terminates for any reason during the term of this Agreement, Broker shall immediately notify Company in writing of such termination. If requested by Company, Broker shall provide evidence of coverage under an insurance policy satisfactory to Company, in its sole discretion, showing the amount and scope of coverage provided.

Appears in 1 contract

Samples: Retail Sales Agreement (Metropolitan Life Separate Account UL)

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Plan of Insurance. Broker shall maintain in full force and effect ----------------- during the term of this Agreement a plan of insurance, which may be a plan of self-insurance, which shall provide coverage for errors and omissions of the Broker, an Agency, representatives and agents, including Representatives, in such amounts and scope of coverage as are acceptable to Company in its sole discretion. If such insurance plan terminates for any reason during the term of this Agreement, Broker shall immediately notify Company in writing of such termination. If requested by Company, Broker shall provide evidence of coverage under an insurance policy satisfactory to Company, in its sole discretion, showing the amount and scope of coverage provided.

Appears in 1 contract

Samples: Retail Sales Agreement (Metlife Investors Variable Life Account One)

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