Policy Delivery. Insurer will transmit Variable Contracts to Broker-Dealer for delivery to Policyowners. Broker-Dealer hereby agrees to deliver all such Variable Contracts to Policyowners within ten (10) days of their receipt by Broker-Dealer from Insurer. Broker-Dealer agrees to indemnify and hold harmless Insurer for any and all losses caused by Broker-Dealer's failure to perform the undertakings described in this paragraph. Broker-Dealer hereby authorizes Insurer to set off any amount it owes Insurer under this paragraph against any and all amounts otherwise payable to Broker-Dealer by Insurer.
Appears in 5 contracts
Samples: Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co), Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co), Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co)
Policy Delivery. Insurer will transmit Variable Contracts and Traditional Life Insurance Policies to Broker-Dealer for delivery to Policyowners. Broker-Dealer hereby agrees to deliver all such Variable Contracts to Policyowners within ten (10) days of their receipt by Broker-Dealer from Insurer. Broker-Dealer agrees to indemnify and hold harmless Insurer for any and all losses caused by Broker-Dealer's failure to perform the undertakings described in this paragraph. Broker-Dealer hereby authorizes Insurer to set off any amount it owes Insurer under this paragraph against any and all amounts otherwise payable to Broker-Dealer by Insurer.
Appears in 3 contracts
Samples: Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co), Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co), Broker Dealer Agency Selling Agreement (Reliastar Bankers Security Life Insurance Co)
Policy Delivery. Insurer will transmit Variable Contracts to Broker-/Dealer for delivery to Policyowners. Broker-/Dealer hereby agrees to deliver all such Variable Contracts to Policyowners within ten (10) days of their receipt by Broker-/Dealer from Insurer. Broker-/Dealer agrees to indemnify and hold harmless Insurer for any and all losses caused by Broker-/Dealer's failure to perform the undertakings described in this paragraph. Broker-/Dealer hereby authorizes Insurer to set off any amount it owes Insurer under this paragraph against any and all amounts otherwise payable to Broker-/Dealer by Insurer.
Appears in 2 contracts
Samples: Selling Agreement (Reliastar Select Life Variable Account), Broker/Dealer Agency Selling Agreement for Variable Contracts (Reliastar Life Ins Co of New York Var Life Sep Acct I)