Common use of REPRESENTATIVES INSURANCE COMPLIANCE Clause in Contracts

REPRESENTATIVES INSURANCE COMPLIANCE. Broker-Dealer, prior to allowing its Representatives to solicit for sales or sell the Variable Contracts and Traditional Life Insurance Policies, shall require such representatives to be validly insurance licensed, registered and appointed by Insurer as a variable contract/life insurance agent in accordance with the jurisdictional requirements of the place where the solicitations and sales take place as well as the solicited person's or entity's place of residence. Broker-Dealer shall assist Insurer in the appointment of Representatives under the applicable insurance laws to sell Variable Contracts and Traditional Life Insurance Policies. Broker-Dealer shall fulfill all Insurer requirements in conjunction with the submission of licensing/appointment papers for all applicants as insurance agents of Insurer. All such licensing/appointment papers shall be submitted to Insurer or its designee by Broker-Dealer. Notwithstanding such submission, Insurer shall have sole discretion to appoint, refuse to appoint, discontinue, or terminate the appointment of any Representative as an insurance agent of Insurer.

REPRESENTATIVES INSURANCE COMPLIANCE. Broker-Broker Dealer, prior to allowing its Representatives to solicit for sales or sell the Variable Contracts and Traditional Life Insurance Policies, shall require such representatives to be validly insurance licensed, registered and appointed by Insurer as a variable contract/life insurance agent in accordance with the jurisdictional requirements of the place where the solicitations and sales take place as well as the solicited person's or entity's place of residence. Broker-Broker Dealer shall assist Insurer in the appointment of Representatives under the applicable insurance laws to sell Variable Contracts and Traditional Life Insurance Policies. Broker-Broker Dealer shall fulfill all Insurer requirements in conjunction with the submission of licensing/appointment papers for all applicants as insurance agents of Insurer. All such licensing/appointment papers shall be submitted to Insurer or its designee by Broker-Broker Dealer. Notwithstanding such submission, Insurer shall have sole discretion to appoint, refuse to appoint, discontinue, or terminate the appointment of any Representative as an insurance agent of Insurer.