Common use of Sales Material/Books and Records Clause in Contracts

Sales Material/Books and Records. The Associated Agency, Selling Group Member and Sales Persons shall not utilize, in their efforts to market the Contracts, any written brochure, prospectus, descriptive literature, printed and published material, audio- visual material or standard letters unless such material has been provided preprinted by USL or unless USL has provided prior written approval for the use of such literature. In accordance with New York Insurance Law Regulation 152, the Associated Agency and/or Selling Group Member shall maintain complete records indicating the manner and extent of distribution of any such solicitation material, shall make such records and files available to USL and/or AGSI and shall forward such records to USL and AGSI. Additionally, Selling Group Member and/or the Associated Agency shall make such material available to personnel of state insurance departments, the NASD or other regulatory agencies, including the SEC, which may have regulatory authority over USL or AGSI. The Associated Agency and Selling Group Member jointly and severally hold USL, AGSI and their affiliates harmless from any liability arising from the use of any material which either (i) has not been specifically approved in writing by USL, or (ii) although previously approved, has been disapproved by USL in writing for further use. Selling Group Member will reflect all sales of the Contracts by the Associated Agency and the Sales Persons on the books and records of Selling Group Member. Selling Group Member hereby designates the principal place of business of the Associated Agency as an Office of Supervisory Jurisdiction of Selling Group Member.

Appears in 2 contracts

Samples: Selling Group Agreement (Usl Separate Account Usl Va R), Selling Group Agreement (Usl Separate Account Usl Vl-R)

AutoNDA by SimpleDocs

Sales Material/Books and Records. The Associated Agency, Selling Group Member and Sales Persons shall not utilize, in their efforts to market the Contracts, any written brochure, prospectus, descriptive literature, printed and published material, audio- visual material or standard letters unless such material has been provided preprinted by USL or unless USL has provided prior written approval for the use of such literature. In accordance with New York Insurance Law Regulation 152, the Associated Agency and/or Selling Group Member shall maintain complete records indicating the manner and extent of distribution of any such solicitation material, shall make such records and files available to USL and/or AGSI Distributor and shall forward such records to USL and AGSIDistributor. Additionally, Selling Group Member and/or the Associated Agency shall make such material available to personnel of state insurance departments, the NASD or other regulatory agencies, including the SEC, which may have regulatory authority over USL or AGSIDistributor. The Associated Agency and Selling Group Member jointly and severally hold USL, AGSI Distributor and their affiliates harmless from any liability arising from the use of any material which either (i) has not been specifically approved in writing by USL, or (ii) although previously approved, has been disapproved by USL in writing for further use. Selling Group Member will reflect all sales of the Contracts by the Associated Agency and the Sales Persons on the books and records of Selling Group Member. Selling Group Member hereby designates the principal place of business of the Associated Agency as an Office of Supervisory Jurisdiction of Selling Group Member.

Appears in 1 contract

Samples: Selling Group Agreement (Usl Separate Account Usl Vl-R)

Sales Material/Books and Records. The Associated Agency, Selling Group Member and Sales Persons shall not utilize, in their efforts to market the Contracts, any written brochure, prospectus, descriptive literature, printed and published material, audio- audio-visual material or standard letters unless such material has been provided preprinted by USL or unless USL has provided prior written approval for the use of such literature. In accordance with New York Insurance Law Regulation 152, the Associated Agency and/or Selling Group Member shall maintain complete records indicating the manner and extent of distribution of any such solicitation material, shall make such records and files available to USL and/or AGSI AGESC and shall forward such records to USL and AGSIAGESC. Additionally, Selling Group Member and/or the Associated Agency shall make such material available to personnel of state insurance departments, the NASD FINRA or other regulatory agencies, including the SEC, which may have regulatory authority over USL or AGSIAGESC. The Associated Agency and Selling Group Member jointly and severally hold USL, AGSI AGESC and their affiliates harmless from any liability arising from the use of any material which either (i) has not been specifically approved in writing by USL, or (ii) although previously approved, has been disapproved by USL in writing for further use. Selling Group Member will reflect all sales of the Contracts by the Associated Agency and the Sales Persons on the books and records of Selling Group Member. Selling Group Member hereby designates the principal place of business of the Associated Agency as an Office of Supervisory Jurisdiction of Selling Group Member.

Appears in 1 contract

Samples: Selling Group Agreement (Variable Account B American Intl Life Assur Co of New York)

Sales Material/Books and Records. The Associated AgencyAgency(ies), Selling Group Member and Sales Persons shall not utilize, in their efforts to market the Contracts, any written brochure, prospectus, descriptive literature, printed and published material, audio- audio-visual material or standard letters unless such material has been provided preprinted by USL Insurer or unless USL Insurer has provided prior written approval for the use of such literature. In accordance with New York Insurance Law Regulation 152, the Associated Agency Agency(ies) and/or Selling Group Member shall maintain complete records indicating the manner and extent of distribution of any such solicitation material, material shall make such records and files available to USL Insurer and/or AGSI Distributor and shall forward such records to USL Insurer and AGSIDistributor. Additionally, Selling Group Member and/or the Associated Agency Agency(ies) shall make such material available to personnel of state insurance departments, the NASD FINRA or other regulatory agencies, including the SEC, which may have regulatory authority over USL Insurer or AGSIDistributor. The Associated Agency Agency(ies) and Selling Group Member jointly and severally hold USLInsurer, AGSI Distributor and their affiliates harmless from any liability arising from the use of any material which either (i) has not been specifically approved in writing by USLInsurer, or (ii) although previously approved, has been disapproved by USL Insurer in writing for further use. Selling Group Member will reflect all sales of the Contracts by the Associated Agency Agency(ies) and the Sales Persons on the books and records of Selling Group Member. Selling Group Member hereby designates the principal place of business of the Associated Agency Agency(ies) as an Office of Supervisory Jurisdiction of Selling Group Member.

Appears in 1 contract

Samples: Selling Group Agreement (Agl Separate Account Vl-R)

AutoNDA by SimpleDocs

Sales Material/Books and Records. The Associated Agency, Selling Group Member and Sales Persons shall not utilize, in their efforts to market the Contracts, any written brochure, prospectus, descriptive literature, printed and published material, audio- audio-visual material or standard letters unless such material has been provided preprinted by USL or unless USL has provided prior written approval for the use of such literature. In accordance with New York Insurance Law Regulation 152, the Associated Agency and/or Selling Group Member shall maintain complete records indicating the manner and extent of distribution of any such solicitation material, shall make such records and files available to USL and/or AGSI AGESC and shall forward such records to USL and AGSIAGESC. Additionally, Selling Group Member and/or the Associated Agency shall make such material available to personnel of state insurance departments, the NASD or other regulatory agencies, including the SEC, which may have regulatory authority over USL or AGSIAGESC. The Associated Agency and Selling Group Member jointly and severally hold USL, AGSI AGESC and their affiliates harmless from any liability arising from the use of any material which either (i) has not been specifically approved in writing by USL, or (ii) although previously approved, has been disapproved by USL in writing for further use. Selling Group Member will reflect all sales of the Contracts by the Associated Agency and the Sales Persons on the books and records of Selling Group Member. Selling Group Member hereby designates the principal place of business of the Associated Agency as an Office of Supervisory Jurisdiction of Selling Group Member.

Appears in 1 contract

Samples: Selling Group Agreement (Usl Separate Account Usl Vl-R)

Time is Money Join Law Insider Premium to draft better contracts faster.