Restrictions on Sales of Fund Shares. Fortis Benefits agrees that the Fund will be permitted (subject to the other terms of this Agreement) to make its shares available to separate accounts of other life insurance companies.
Appears in 9 contracts
Samples: Participation Agreement (Variable Account D of Union Security Insurance Co), Participation Agreement (Variable Account D of Union Security Insurance Co), Participation Agreement (Variable Account D of Union Security Insurance Co)
Restrictions on Sales of Fund Shares. Fortis Benefits agrees that the Fund will be permitted (subject to the other terms of this Agreement) to make its shares available to separate accounts of other life insurance companies. However, neither the Fund nor Distributor, nor any of their related persons and entities, will enter into any arrangement for utilization of the Fund by any other life insurance company under which the terms granted to that insurance company are more favorable than those provided hereunder without so notifying Fortis Benefits.
Appears in 1 contract
Samples: Participation Agreement (Kelmoore Strategy Variable Trust)
