Common use of SECURING APPLICATIONS Clause in Contracts

SECURING APPLICATIONS. Each application for a Contract shall be made on an application form provided by Pacific Mutual, and all payments collected by Selling Broker-Dealer, General Agent or any registered representative and Sub-agent shall be remitted promptly in full, together with such application form and any other required documentation, directly to Pacific Mutual at the address indicated on such application or to such other address as may be designated by Pacific Mutual. All such payments and documents shall be the property of Pacific Mutual. Selling Broker-Dealer and General Agent shall review all such applications for completeness and for compliance with the conditions herein, including the suitability and prospectus delivery requirements set forth above under Sections II.C and III. Check or money order in payment of such Contracts should be made payable to the order of "Pacific Mutual". All applications are subject to acceptance or rejection by Pacific Mutual in its sole discretion.

Appears in 14 contracts

Samples: Selling Agreement (Pacific Select Exec Separate Acct Pacific Mutual Life Ins), Selling Agreement (Pacific Select Exec Separate Acct Pacific Mutual Life Ins), Selling Agreement (Pacific Select Exec Separate Acct Pacific Mutual Life Ins)

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