Return of Premium. If no Policy is issued on an application, the whole amount of all monies collected by Broker will be immediately returned to the applicant. If Company finds it necessary, for any reason, to cancel a Policy and refund premiums, any compensation paid to Broker on the amount refunded shall be repaid to Company, or may be deducted from any compensation payable to Broker under this Agreement.
Appears in 7 contracts
Samples: Great American (Great American Reserve Variable Annuity Account F), Selling Agreement (Bma Variable Life Account A), Selling Agreement (Bma Variable Life Account A)
Return of Premium. If no Policy is issued on an application, the whole amount of all monies moneys collected by Broker or Insurance Agent will be immediately returned to the applicant. If Company finds it necessary, for any reason, to cancel a Policy and refund premiums, any compensation paid to Broker on the amount refunded shall be repaid to Company, or may be deducted from any compensation payable to Broker under this Agreement.
Appears in 2 contracts
Samples: Great American (Rydex Advisor Variable Annuity Account), Rydex Advisor Variable Annuity Account
