RIGHTS AND OBLIGATIONS OF IIC Sample Clauses

RIGHTS AND OBLIGATIONS OF IIC. 2.1 IIC has the sole obligation to its policyholders to provide for competent administration of the contracts administered by LMG. IIC hereby delegates to LMG certain duties as specified herein.
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RIGHTS AND OBLIGATIONS OF IIC. 2.1 It is acknowledged by both IIC and LMG that certain obligations of IIC hereunder are to be performed by LMG as a servicing organization, pursuant to the Administrative Services Agreement between IIC and LMG. This does not relieve IIC of any of its duties and obligations unless the specific service is provided for in the Administrative Services Agreement, executed concurrently herewith, or in this Marketing Agreement, whereby LMG has explicitly acknowledged the responsibility of the service.
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