Common use of Prospectuses and Promotional Material Clause in Contracts

Prospectuses and Promotional Material. Insurer and/or Distributor will provide Broker/Dealer with reasonable quantities of the currently effective prospectus for the Contracts and appropriate advertising or sales promotional material which has been filed with the FINRA and applicable state insurance departments if applicable. For the purpose of this Agreement, “Advertising or sales promotional material” shall include: (1) printed and published material, audiovisual material, billboards and similar displays, and descriptive literature used in direct mail, newspapers, magazines, radio, television scripts, email, facsimiles, and any form or electronic communication; (2) descriptive literature and sales aids of all kinds, including, but not limited to, circulars, leaflets, booklets, marketing guides, seminar material, computer print-outs, depictions, illustrations, and form letters; (3) material used for the training and education of Producers which is designed to be used or is used to induce the public to purchase or retain Contracts; and (4) prepared sales talks, presentations, and material for use by Producers. Any sales or promotional materials developed by one party and delivered to the other will be owned solely by the party that developed the materials. Any unused materials furnished by one party to the other shall always remain the property of the party who furnished such materials and shall be accounted for and returned to the owner on demand.

Prospectuses and Promotional Material. Insurer and/or Distributor will provide Broker/Dealer with reasonable quantities of the currently effective prospectus for the Contracts and appropriate advertising or sales promotional material which has been filed with the FINRA and applicable state insurance departments if applicable. For the purpose of this Agreement, “Advertising or sales promotional material” shall include: (1) printed and published material, audiovisual material, billboards and similar displays, and descriptive literature used in direct mail, newspapers, magazines, radio, television scripts, email, facsimiles, and any form or of electronic communication; (2) descriptive literature and sales aids of all kinds, including, but not limited to, circulars, leaflets, booklets, marketing guides, seminar material, computer print-outs, depictions, illustrations, and form letters; (3) material used for the training and education of Producers which is designed to be used or is used to induce the public to purchase or retain Contracts; and (4) prepared sales talks, presentations, and material for use by Producers. Any sales or promotional materials developed by one party and delivered to the other will be owned solely by the party that developed the materials. Any unused materials furnished by one party to the other shall always remain the property of the party who furnished such materials and shall be accounted for and returned to the owner on demand.