Common use of REFUND OF COMPENSATION Broker Clause in Contracts

REFUND OF COMPENSATION Broker. Dealer agrees to repay Companies the total amount of any compensation which may have been paid to it within thirty (30) business days of notice of the request for such refund should Companies for any reason return any premium on a Registered Product which was solicited by a Registered Representative of Broker-Dealer.

Appears in 3 contracts

Samples: Broker Dealer Sales and Supervision Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One), Broker Dealer Sales and Supervision Agreement (Hartford Life Insurance Co Separate Account Five), Broker Dealer Sales and Supervision Agreement (Hartford Life & Annuity Insurance Co Separate Account Seven)

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REFUND OF COMPENSATION Broker. Dealer agrees to repay Companies the total amount of any compensation which may have been paid to it within thirty (30) business days of notice of the request for such refund should Companies for any reason return any premium on a Registered Product which was solicited by a Registered Representative of Broker-Dealer.

Appears in 3 contracts

Samples: Broker Dealer Sales and Supervision Agreement (Alpine Life Insurance Co Seperate Account Two), Broker Dealer Sales and Supervision Agreement (Royal Life Insurance Co of America Separate Account Two), Broker Dealer Sales and Supervision Agreement (Icmg Registered Variable Life Separate Account One)

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