Common use of Sales Agreements Clause in Contracts

Sales Agreements. EquiTrust Marketing is hereby authorized to enter into separate written agreements, on such terms and conditions as EquiTrust Marketing may determine not inconsistent with this Agreement, with broker-dealers which agree to participate in the distribution of the Policies and Contracts and to use their best efforts to solicit applications for the Policies and Contracts. All such sales agreements shall provide that each independent broker-dealer will assume full responsibility for items described in Sections 5(a) and 5(b) hereof, and for the continued compliance by itself and its representatives with applicable federal and state securities laws. Such broker-dealers and their agents or representatives soliciting applications for the Policies and Contracts shall be duly and appropriately licensed, registered or otherwise qualified for the sale of such Policies and Contracts under the federal securities laws, the state insurance laws and any applicable state securities laws of each state or other jurisdiction in which such Policies and Contracts may be lawfully sold and in which ETLIC is licensed to sell the Policies and Contracts. Each such organization shall be both registered as a broker-dealer under the 1934 Act and a member of the NASD. Applications for the Policies and Contracts solicited by such organizations through their representatives shall be forwarded to ETLIC. All payments for the Policies and Contracts shall be made by check payable to "EquiTrust Life Insurance Company" and remitted promptly by such organizations to ETLIC as agent for EquiTrust Marketing. All broker-dealers who agree to participate in the distribution of the Policies and Contracts shall act as independent contractors and nothing herein contained shall constitute such broker-dealers or their agents or employees as employees of ETLIC in connection with the sale of the Policies and Contracts.

Sales Agreements. EquiTrust Marketing is hereby authorized to enter into separate written agreements, on such terms and conditions as EquiTrust Marketing may determine not inconsistent with this Agreement, with broker-dealers which agree to participate in the distribution of the Policies and Contracts and to use their best efforts to solicit applications for the Policies and Contracts. All such sales agreements shall provide that each independent broker-dealer will assume full responsibility for items described in Sections 5(a) and 5(b) hereof, and for the continued compliance by itself and its representatives with applicable NASD Conduct Rules and federal and state securities laws. Such broker-dealers and their agents or representatives soliciting applications for the Policies and Contracts shall be duly and appropriately licensed, registered or otherwise qualified for the sale of such Policies and Contracts under the NASD rules and federal securities laws, the state insurance laws and any applicable state securities laws of each state or other jurisdiction in which such Policies and Contracts may be lawfully sold and in which ETLIC is licensed to sell the Policies and Contracts. Each such organization shall be both registered as a broker-dealer under the 1934 Act and a member in good standing of the NASD. Applications for the Policies and Contracts solicited by such organizations through their representatives shall be forwarded to ETLIC. All payments for the Policies and Contracts shall be made by check payable to "“EquiTrust Life Insurance Company" ” and remitted promptly by such organizations to ETLIC as agent for EquiTrust Marketing. All broker-dealers who agree to participate in the distribution of the Policies and Contracts shall act as independent contractors and nothing herein contained shall constitute such broker-dealers or their agents or employees as employees of ETLIC in connection with the sale of the Policies and Contracts.

Sales Agreements. EquiTrust Marketing is hereby authorized to enter into separate written agreements, on such terms and conditions as EquiTrust Marketing may determine not inconsistent with this Agreement, with broker-dealers which agree to participate in the distribution of the Policies and Contracts and to use their best efforts to solicit applications for the Policies and Contracts. All such sales agreements shall provide that each independent broker-dealer will assume full responsibility for items described in Sections 5(a) and 5(b) hereof, and for the continued compliance by itself and its representatives with applicable NASD Conduct Rules and federal and state securities laws. Such broker-dealers and their agents or representatives soliciting applications for the Policies and Contracts shall be duly and appropriately licensed, registered or otherwise qualified for the sale of such Policies and Contracts under the NASD rules and federal securities laws, the state insurance laws and any applicable state securities laws of each state or other jurisdiction in which such Policies and Contracts may be lawfully sold and in which ETLIC Farm Bureau Life is licensed to sell the Policies and Contracts. Each such organization shall be both registered as a broker-dealer under the 1934 Act and a member in good standing of the NASD. Applications for the Policies and Contracts solicited by such organizations through their representatives shall be forwarded to ETLICFarm Bureau Life. All payments for the Policies and Contracts shall be made by check payable to "EquiTrust “Farm Bureau Life Insurance Company" ” and remitted promptly by such organizations to ETLIC Farm Bureau Life as agent for EquiTrust Marketing. All broker-dealers who agree to participate in the distribution of the Policies and Contracts shall act as independent contractors and nothing herein contained shall constitute such broker-dealers or their agents or employees as employees of ETLIC Farm Bureau Life in connection with the sale of the Policies and Contracts.