Rebating. If Broker/Dealer or Selling Entity or any Registered Representative or agent of Broker/Dealer or Selling Entity rebates or offers to rebate all or any part of a premium on an Insurance Contract issued by the Insurance Companies in violation of applicable state insurance laws or regulations, or if Broker/Dealer or any Registered Representative of Broker/Dealer shall withhold any premium on an Insurance Contract issued by the Insurance Companies, the same may be grounds for termination of this Selling Agreement by Insurance Companies.
Appears in 4 contracts
Samples: Selling Agreement (Travelers Fund Abd for Variable Annuities), Selling Agreement (Travelers Fund Ul for Variable Life Insurance), Selling Agreement (Travelers Fund Ul for Variable Life Insurance)
Rebating. If Broker/Dealer or Selling Entity or any Registered Representative or agent of Broker/Dealer or Selling Entity rebates or offers to rebate all or any part of a premium on an Insurance Contract issued by the Insurance Companies in violation of applicable state insurance laws or regulations, or if Broker/Broker Dealer or any Registered Representative of Broker/Dealer shall withhold any premium on an Insurance Contract issued by the Insurance Companies, the same may be grounds for termination of this Selling Agreement by Insurance Companies.
Appears in 1 contract
Samples: Selling Agreement (Travelers Fund Ul Iii for Variable Life Insurance)
