Records and Administration. (1) Once a Contract has been issued, it will be delivered after review by Broker to the applicant, accompanied by any applicable Notice of Withdrawal Right and any additional appropriate documents. MetLife will confirm or cause to be confirmed to customers of Broker all Contract transactions, as to the extent legally required, and will administer the Contracts after they have been delivered, but may from time to time require assistance from Broker. Broker hereby undertakes to render such assistance to MetLife. (2) Broker will maintain all books and records as required by Rules 17a-3 and 17a-4 under the 1934 Act, except to the extent that MetLife may agree to maintain any such records on Broker's behalf. Records subject to any such agreement shall be maintained by MetLife as agent for Broker in compliance with said rules, and such records shall be and remain the property of Broker and be at all times subject to inspection by the SEC in accordance with Section 17(a) of that Act. Nothing contained herein shall be construed to affect MetLife's right to ownership and control of all pertinent records and documents pertaining to its business operations including, without limitation, its operations relating to the Contracts, which right is hereby recognized and affirmed. MetLife and Broker agree that each shall retain all records related to this Agreement as required by the 1934 Act, and the rules and regulations thereunder and by any other applicable law or regulation, as Confidential Information as described in Section J of this Agreement, and neither party shall reveal or disclose such Confidential Information to any third party unless such disclosure is authorized by the party affected thereby or unless such disclosure is expressly required by applicable federal or state regulatory authorities. However, nothing contained herein shall be deemed to interfere with any document, record or other information which by law, is a matter of public record.
Appears in 1 contract
Samples: Sales Agreement (Metropolitan Life Separate Account E)
Records and Administration. (1) Once a Contract has been issued, it will be delivered after review by Broker to the applicant, accompanied by any applicable Notice of Withdrawal Right and any additional appropriate documents. MetLife GAD will confirm or cause to be confirmed to customers of Broker all Contract transactions, as to the extent legally required, and will administer the Contracts after they have been delivered, but may from time to time require assistance from Broker. Broker hereby undertakes to render such assistance to MetLifeGAD.
(2) Broker will maintain all books and records as required by Rules 17a-3 and 17a-4 l7a-4 under the 1934 Act, except to the extent that MetLife GAD may agree to maintain any such records on Broker's behalf. Records subject to any such agreement shall be maintained by MetLife GAD as agent for Broker in compliance with said rules, and such records shall be and remain the property of Broker and be at all times subject to inspection by the SEC in accordance with Section 17(a) of that Act. Nothing contained herein shall be construed to affect MetLifeGAD's or its Affiliates' right to ownership and control of all pertinent records and documents pertaining to its business operations including, without limitation, its operations relating to the Contracts, which right is hereby recognized and affirmed. MetLife GAD and Broker agree that each shall retain all records related to this Agreement as required by the 1934 Act, and the rules and regulations thereunder and by any other applicable law or regulation, as Confidential Information as described in Section J VIII(B) of this Agreement, and neither party shall reveal or disclose such Confidential Information to any third party unless such disclosure is authorized by the party affected thereby or unless such disclosure is expressly required by applicable federal or state regulatory authorities. However, nothing contained herein Enterprise Selling Agreement shall be deemed to interfere with any document, record or other information information, which by law, is a matter of public record.
Appears in 1 contract
Samples: Sales Agreement (Metlife Investors Variable Life Account One)
Records and Administration. (1) Once a VLI Policy or Variable Contract has been issued, it will be delivered after review by Broker mailed promptly to the applicant, accompanied by any applicable Notice of Of Withdrawal Right and any additional appropriate documents. MetLife Distributor will confirm or cause to be confirmed to customers of Broker all VLI Policy and Variable Contract transactions, as and to the extent legally required, required and will administer all of the VLI Policies or Variable Contracts after they have been delivered, but may from time to time require assistance from Broker. Broker hereby undertakes to render such assistance to MetLife.
(2) Broker will maintain all books and records as required by Rules 17a-3 and 17a-4 under the 1934 Act, except to the extent that MetLife Distributor may agree to maintain any such records on Broker's behalf. Records subject to any such agreement shall be maintained by MetLife Distributor as agent for Broker in compliance with said rules, and such records shall be and remain the property of Broker and be at all times subject to inspection by the SEC in accordance with Section 17(a) of that Act. Nothing contained herein shall be construed to affect MetLifeMetropolitan's right to ownership and control of all pertinent records and documents pertaining to its business operations including, without limitation, its operations relating to the VLI Policies and Variable Contracts, which right is hereby recognized and affirmed. MetLife Distributor and Broker agree that each shall retain all records related pertaining to this Agreement Metropolitan's VLI Policies and Variable Contracts operations as required by the 1934 Act, and the rules and regulations thereunder and by any other applicable law or regulation, as Confidential Information as described in Section J of this Agreement, confidential information and neither party shall reveal or disclose such Confidential Information confidential information to any third party unless such disclosure is authorized by the party affected thereby or unless such disclosure is expressly required by applicable federal or state regulatory authorities. However, except, however, that nothing contained herein shall be deemed to interfere with any document, record or other information which by law, is a matter of public record.
Appears in 1 contract
Samples: Selected Broker Agreement (Metropolitan Life Separate Account Ul)
Records and Administration. (1) Once a VLI Policy or Variable Contract has been issued, it will be delivered after review by Broker mailed promptly to the applicant, accompanied by any applicable Notice of Withdrawal Right and any additional appropriate documents. MetLife Distributor will confirm or cause to be confirmed to customers of Broker all VLI Policy and Variable Contract transactions, as and to the extent legally required, required and will administer all of the VLI Policies or Variable Contracts after they have been delivered, but may from time to time require assistance from Broker. Broker hereby undertakes to render such assistance to MetLife.
(2) Broker will maintain all books and records as required by Rules 17a-3 and 17a-4 under the 1934 Act, except to the extent that MetLife Distributor may agree to maintain any such records on Broker's behalf. Records subject to any such agreement shall be maintained by MetLife Distributor as agent for Broker in compliance with said rules, and such records shall be and remain the property of Broker and be at all times subject to inspection by the SEC in accordance with Section 17(a) of that Act. Nothing contained herein shall be construed to affect MetLifeMetropolitan's right to ownership and control of all pertinent records and documents pertaining to its business operations including, without limitation, its operations relating to the VLI Policies and Variable Contracts, which right is hereby recognized and affirmed. MetLife Distributor and Broker agree that each shall retain all records related pertaining to this Agreement Metropolitan's VLI Policies and Variable Contracts operations as required by the 1934 Act, and the rules and regulations thereunder and by any other applicable law or regulation, as Confidential Information as described in Section J of this Agreement, confidential information and neither party shall reveal or disclose such Confidential Information confidential information to any third party unless such disclosure is authorized by the party affected thereby or unless such disclosure is expressly required by applicable federal or state regulatory authorities. However, except, however, that nothing contained herein shall be deemed to interfere with any document, record or other information which by law, is a matter of public record.
Appears in 1 contract
Samples: Selected Broker Agreement (Metropolitan Life Separate Account Ul)