Solicitation Activities. All solicitation and sales activities engaged in by Distributor and its Representatives with respect to the Funds shall be in compliance with all applicable federal and state securities laws and regulations, as well as all compliance manuals provided by the Distributor. In particular, without limiting the generality of the foregoing: (1) Distributor shall train, supervise and be solely responsible for the conduct of Representatives in their solicitation of Applications and in their distribution of the Funds, and shall supervise their compliance with, applicable rules and regulations of any securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities activities. (2) Neither Distributor nor any Representative shall offer, attempt to offer, or solicit Applications for Funds in any state or other jurisdiction unless the Trust has notified Distributor that such Funds may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice. (3) Neither Distributor nor any Representative shall give any information or make any representation in regard to any Fund in connection with the offer or sale of such Fund that is not in accordance with the Prospectus for such Fund, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fund. (4) All Fund purchase payments made by check or money order that are collected by Distributor or any of its Representatives shall be remitted promptly, and in any event within one business days after receipt in full, together with any Applications, forms and any other required documentation, to the transfer agent of the Trust. Checks or money orders in payment of Fund purchases shall be drawn to the order of “State Farm Mutual Funds.” If any Fund purchase payment is held at any time by Distributor, Distributor shall hold such payment as an agent of the Trust and such payment shall be remitted promptly, and in any event within one business days, to the transfer agent of the Trust. Distributor acknowledges that all such Fund purchase payments, whether by check, money order or wire, shall be the property of the Trust. Distributor acknowledges that the Trust shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase payment.
Appears in 4 contracts
Samples: Distribution Agreement (State Farm Mutual Fund Trust), Distribution Agreement (State Farm Mutual Fund Trust), Distribution Agreement (State Farm Mutual Fund Trust)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor and its Representatives with respect to the Funds Contracts shall be in compliance with all applicable federal and state securities laws and regulations, as well as all applicable insurance laws and regulations, and compliance manuals provided by the DistributorState Farm. In particular, without limiting the generality of the foregoing:
(1) Distributor shall train, supervise and be solely responsible for the conduct of Representatives in their solicitation of Applications applications and in their Premiums and distribution of the FundsContracts under, and shall supervise their compliance with, applicable rules and regulations of any securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities variable insurance product activities.
(2) Neither Distributor nor any Representative shall offer, attempt to offer, or solicit Applications for Funds for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless the Trust State Farm has notified Distributor that such Funds Contracts may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(3) Neither Distributor nor any Representative shall give any information or make any representation in regard to any Fund a class of Contracts in connection with the offer or sale of such Fund class of Contracts that is not in accordance with the Prospectus for such Fundclass of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fundclass of Contracts authorized by State Farm.
(4) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor or any of its Representatives shall be remitted promptly, and in any event within one two business days after receipt in full, together with any Applications, forms and any other required documentation, to the transfer agent of the TrustState Farm. Checks or money orders in payment of Fund purchases Premiums shall be drawn to the order of “State Farm Mutual Funds.” Farm. If any Fund purchase payment Premium is held at any time by Distributor, Distributor shall hold such payment Premium as an agent of the Trust State Farm and such payment Premium shall be remitted promptly, and in any event within one two business days, to the transfer agent of the TrustState Farm. Distributor acknowledges that all such Fund purchase paymentsPremiums, whether by check, money order or wire, shall be the property of the TrustState Farm. Distributor acknowledges that the Trust State Farm shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase paymentPremium.
Appears in 4 contracts
Samples: Distribution Agreement (State Farm Life Insurance Co Variable Annuity Separate Act), Distribution Agreement (State Farm Life & Accident Assur Co Var Life Sep Acct), Distribution Agreement (State Farm Life Insurance Co Variable Annuity Separate Act)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor and its the Distributor Representatives with respect to the Funds Contracts, including such activities with respect to Selling Broker-Dealers and their Representatives and clients or prospects, shall be in compliance with all applicable federal and state securities laws and regulations, as well as FINRA rules, and all compliance manuals provided by applicable insurance laws and regulations and the DistributorAgents Manual. In particular, without limiting the generality of the foregoing:
(1) Distributor shall train, supervise and be solely responsible for the conduct of Distributor Representatives in their solicitation of Applications and in their Premiums, if any, and distribution of the FundsContracts, including such conduct with respect to Selling Broker-Dealers and their Representatives and clients or prospects, and shall supervise their compliance with, with applicable rules and regulations of any insurance or securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities variable insurance product activities, including FINRA.
(2) Neither Distributor nor any Distributor Representative shall offer, attempt to offer, or solicit Applications for Funds for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless the Trust Insurer has notified Distributor that such Funds Contracts may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(3) Neither Distributor nor any Distributor Representative shall give any information or make any representation in regard to any Fund a class of Contracts in connection with the offer or sale of such Fund class of Contracts that is not in accordance with the Prospectus for such Fundclass of Contracts, or in the then-then- currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fundclass of Contracts authorized by Insurer.
(4) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor or any of its Representatives Representatives, if any, shall be remitted promptly, and in any event within one not later than noon of the next business days after receipt day, in full, together with any Applications, forms and any other required documentation, to the transfer agent of the TrustService Center. Checks or money orders in payment of Fund purchases Premiums shall be drawn to the order of “State Farm Mutual FundsMidland National Life Insurance Company.” Premiums may be transmitted by wire order from Distributor to the Service Center in accordance with the procedures set forth in the Agents Manual. If any Fund purchase payment Premium is held at any time by Distributor, Distributor shall hold such payment as an agent of the Trust Premium in a fiduciary capacity and such payment Premium shall be remitted promptly, and in any event within one not later than noon of the next business daysday, to the transfer agent of the TrustInsurer. Distributor acknowledges that all such Fund purchase paymentsPremiums, whether by check, money order or wire, shall be the property of the TrustInsurer. Distributor acknowledges that the Trust Insurer shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase paymentPremium.
Appears in 3 contracts
Samples: Distribution Agreement (Midland National Life Separate Account C), Distribution Agreement (Midland National Life Insurance Co), Distribution Agreement (Midland National Life Separate Account C)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor CCMC and its Representatives with respect to the Funds Contracts shall be in compliance with all applicable federal and state securities laws and regulations, as well as all compliance manuals provided by the Distributorapplicable insurance laws and regulations. In particular, without limiting the generality of the foregoing:
(1) Distributor CCMC shall train, supervise and be solely responsible for the conduct of Representatives in their solicitation of Applications applications and in their Premiums and distribution of the FundsContracts under, and shall supervise their compliance with, applicable rules and regulations of any securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities variable insurance and annuity product activities.
(2) Neither Distributor CCMC nor any Representative Representatives shall offer, attempt to offer, or solicit Applications for Funds for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless the Trust CILAC has notified Distributor CCMC that such Funds Contracts may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(3) Neither Distributor CCMC nor any Representative shall give any information or make any representation in regard to any Fund a class of Contracts in connection with the offer or sale of such Fund class of Contracts that is not in accordance with the Prospectus for such Fundclass of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fundclass of Contracts authorized by CILAC.
(4) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor CCMC or any of its Representatives shall be remitted promptly, and in any event within one two business days after receipt in full, together with any Applications, forms and any other required documentation, to the transfer agent of the TrustCILAC. Checks or money orders in payment of Fund purchases Premiums shall be drawn to the order of “State Farm Mutual Funds.” CILAC. If any Fund purchase payment Premium is held at any time by DistributorCCMC, Distributor CCMC shall hold such payment Premium as an agent of the Trust CILAC and such payment Premium shall be remitted promptly, and in any event within one two business days, to the transfer agent of the TrustCILAC. Distributor CCMC acknowledges that all such Fund purchase payments, whether by check, money order or wirePremiums, shall be the property of the TrustCILAC. Distributor CCMC acknowledges that the Trust CILAC shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase paymentPremium.
Appears in 3 contracts
Samples: Distribution Agreement (Country Investors Variable Life Account), Distribution Agreement (Country Investors Variable Annuity Account), Distribution Agreement (Country Investors Variable Annunity Account)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor Company and its the Company Representatives with respect to the Funds Contracts shall be in compliance with all applicable federal and state securities laws and regulations, where applicable, as well as all compliance manuals provided by applicable insurance laws and regulations and the DistributorAgents Manual. In particular, without limiting the generality of the foregoing:
(1) Distributor Company shall train, supervise and be solely responsible for the conduct of Company Representatives in their solicitation of Applications and in their Premiums and distribution of the FundsContracts, and shall supervise their compliance with, with applicable rules and regulations of any insurance or securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities variable insurance product activities.
(2) Neither Distributor Company nor any Company Representative shall offer, attempt to offer, or solicit Applications for Funds for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless the Trust Separate Account has notified Distributor Company that such Funds Contracts may lawfully be sold or offered for sale in such state, and has not subsequently revised such noticenoting.
(3) Neither Distributor Company nor any Company Representative shall give any information or make any representation in regard to any Fund a class of Contracts in connection with the offer or sale of such Fund class of Contracts that is not in accordance with the Prospectus for such Fundclass of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fundclass of Contracts authorized by Separate Account.
(4) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor Company or any of its Representatives shall be remitted promptly, and in any event within one not later than noon of the next business days after receipt day, in full, together with any Applications, forms and any other required documentation, to the transfer agent of the TrustCustomer Service Center. Checks or money orders in payment of Fund purchases shall Premiums may be drawn transmitted by wire order from Company to the order of “State Farm Mutual Funds.” Customer Service Center in accordance with the procedures set forth in the Agents Manual. If any Fund purchase payment Premium is held at any time by DistributorCompany, Distributor Company shall hold such payment as an agent of the Trust Premium in a fiduciary capacity and such payment Premium shall be remitted promptly, and in any event within one not later than noon of the next business daysday, to the transfer agent of the Trust. Distributor Separate Account Company acknowledges that all such Fund purchase paymentsPremiums, whether either by check, money order or wire, shall be the property of the TrustSeparate Account. Distributor Company acknowledges that the Trust Separate Account shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase paymentPremium.
Appears in 3 contracts
Samples: Underwriting Agreement (Valley Forge Life Insurance Co Variable Life Separate Accoun), Underwriting Agreement (Continental Assurance Co Variable Life Separate Account), Underwriting Agreement (Continental Assurance Co Variable Life Separate Account)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor and its Representatives with respect to the Funds shall be in compliance with all applicable federal and state securities laws and regulations, as well as all compliance manuals provided by the Distributor. In particular, without limiting the generality of the foregoing:
(1) Distributor shall train, supervise and be solely responsible for the conduct of Representatives in their solicitation of Applications and in their distribution of the Funds, and shall supervise their compliance with, applicable rules and regulations of any securities regulatory agencies that have jurisdiction over the Trust’s 's or the Distributor’s 's securities activities.
(2) Neither Distributor nor any Representative shall offer, attempt to offer, or solicit Applications for Funds in any state or other jurisdiction unless the Trust has notified Distributor that such Funds may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(3) Neither Distributor nor any Representative shall give any information or make any representation in regard to any Fund in connection with the offer or sale of such Fund that is not in accordance with the Prospectus for such Fund, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fund.
(4) All Fund purchase payments made by check or money order that are collected by Distributor or any of its Representatives shall be remitted promptly, and in any event within one business days after receipt in full, together with any Applications, forms and any other required documentation, to the transfer agent of the Trust. Checks or money orders in payment of Fund purchases shall be drawn to the order of “"State Farm Mutual Funds.” " If any Fund purchase payment is held at any time by Distributor, Distributor shall hold such payment as an agent of the Trust and such payment shall be remitted promptly, and in any event within one business days, to the transfer agent of the Trust. Distributor acknowledges that all such Fund purchase payments, whether by check, money order or wire, shall be the property of the Trust. Distributor acknowledges that the Trust shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase payment.
Appears in 3 contracts
Samples: Distribution Agreement (State Farm Mutual Fund Trust), Distribution Agreement (State Farm Mutual Fund Trust), Distribution Agreement (State Farm Mutual Fund Trust)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor and its the Distributor Representatives with respect to the Funds Contracts shall be in compliance with all applicable federal and state securities laws and regulationsregulations and NASD rules, as well as all compliance manuals provided by applicable insurance laws and regulations and the DistributorInsurer's rules and procedures (to the extent not inconsistent with the foregoing). In particular, without limiting the generality of the foregoing:
(1) Distributor shall train, supervise and be solely responsible for the conduct of Representatives in their solicitation of Applications and in their distribution of the Funds, and shall supervise their compliance with, applicable rules and regulations of any securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities activities.
(2) Neither Distributor nor any Distributor Representative shall offer, attempt to offer, or solicit Applications for Funds for, the Contracts in any state or other jurisdiction unless the Trust Insurer has notified Distributor that such Funds Contracts may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(32) Neither Distributor nor any Distributor Representative shall give any information or make any representation in regard to any Fund a class of Contracts in connection with the offer or sale of such Fund class of Contracts that is not in accordance with the Prospectus for such Fundclass of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fundclass of Contracts authorized by Insurer.
(43) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor or any of its Representatives shall be remitted promptly, and in any event within one not later than noon of the next business days after day following receipt of such Premium, in full, together with any Applications, forms and any other required documentation, to the transfer agent of the TrustInsurer. Checks or money orders in payment of Fund purchases Premiums shall be drawn to the order of “State Farm Mutual Funds.” the Insurer. If any Fund purchase payment Premium is held at any time by Distributor, Distributor shall hold such payment as an agent of the Trust Premium in a fiduciary capacity and such payment Premium shall be remitted promptly, and in any event within one not later than noon of the next business daysday following receipt of such Premium, to the transfer agent of the TrustInsurer. Distributor acknowledges that all such Fund purchase paymentsPremiums, whether by check, money order or wire, shall be the property of the TrustInsurer. Distributor acknowledges that the Trust Insurer shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase paymentPremium.
Appears in 2 contracts
Samples: Distribution Agreement (LSW Variable Annuity Account I), Distribution Agreement (National Variable Annuity Account Ii)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor and its the Distributor Representatives with respect to the Funds Policies shall be in compliance with all applicable federal and state securities laws and regulationsregulations and NASD rules, as well as all compliance manuals provided by applicable insurance laws and regulations and the DistributorInsurer's rules and procedures (to the extent not inconsistent with the foregoing). In particular, without limiting the generality of the foregoing:
(1) Distributor shall train, supervise and be solely responsible for the conduct of Representatives in their solicitation of Applications and in their distribution of the Funds, and shall supervise their compliance with, applicable rules and regulations of any securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities activities.
(2) Neither Distributor nor any Distributor Representative shall offer, attempt to offer, or solicit Applications for Funds for, the Policies in any state or other jurisdiction unless the Trust Insurer has notified Distributor that such Funds Policies may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(32) Neither Distributor nor any Distributor Representative shall give any information or make any representation in regard to any Fund a class of Policies in connection with the offer or sale of such Fund class of Policies that is not in accordance with the Prospectus for such Fundclass of Policies, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fundclass of Policies authorized by Insurer.
(43) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor or any of its Representatives shall be remitted promptly, and in any event within one not later than noon of the next business days after day following receipt of such Premium, in full, together with any Applications, forms and any other required documentation, to the transfer agent of the TrustInsurer. Checks or money orders in payment of Fund purchases Premiums shall be drawn to the order of “State Farm Mutual Funds.” the Insurer. If any Fund purchase payment Premium is held at any time by Distributor, Distributor shall hold such payment as an agent of the Trust Premium in a fiduciary capacity and such payment Premium shall be remitted promptly, and in any event within one not later than noon of the next business daysday following receipt of such Premium, to the transfer agent of the TrustInsurer. Distributor acknowledges that all such Fund purchase paymentsPremiums, whether by check, money order or wire, shall be the property of the TrustInsurer. Distributor acknowledges that the Trust Insurer shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase paymentPremium.
Appears in 2 contracts
Samples: Distribution Agreement (National Variable Life Insurance Account), Distribution Agreement (LSW Variable Life Insurance Account)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor and its the Distributor Representatives with respect to the Funds Contracts, including such activities with respect to Selling Broker-Dealers and their Representatives and clients or prospects, shall be in compliance with all applicable federal and state securities laws and regulations, as well as FINRA rules, and all compliance manuals provided by applicable insurance laws and regulations and the DistributorAgents Manual. In particular, without limiting the generality of the foregoing:
(1) Distributor shall train, supervise and be solely responsible for the conduct of Distributor Representatives in their solicitation of Applications and in their Premiums, if any, and distribution of the FundsContracts, including such conduct with respect to Selling Broker-Dealers and their Representatives and clients or prospects, and shall supervise their compliance with, with applicable rules and regulations of any insurance or securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities variable insurance product activities, including FINRA.
(2) Neither Distributor nor any Distributor Representative shall offer, attempt to offer, or solicit Applications for Funds for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless the Trust Insurer has notified Distributor that such Funds Contracts may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(3) Neither Distributor nor any Distributor Representative shall give any information or make any representation in regard to any Fund a class of Contracts in connection with the offer or sale of such Fund class of Contracts that is not in accordance with the Prospectus for such Fundclass of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fundclass of Contracts authorized by Insurer.
(4) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor or any of its Representatives Representatives, if any, shall be remitted promptly, and in any event within one not later than noon of the next business days after receipt day, in full, together with any Applications, forms and any other required documentation, to the transfer agent of the TrustService Center. Checks or money orders in payment of Fund purchases Premiums shall be drawn to the order of “State Farm Mutual FundsMidland National Life Insurance Company.” Premiums may be transmitted by wire order from Distributor to the Service Center in accordance with the procedures set forth in the Agents Manual. If any Fund purchase payment Premium is held at any time by Distributor, Distributor shall hold such payment as an agent of the Trust Premium in a fiduciary capacity and such payment Premium shall be remitted promptly, and in any event within one not later than noon of the next business daysday, to the transfer agent of the TrustInsurer. Distributor acknowledges that all such Fund purchase paymentsPremiums, whether by check, money order or wire, shall be the property of the TrustInsurer. Distributor acknowledges that the Trust Insurer shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase paymentPremium.
Appears in 1 contract
Samples: Distribution Agreement (Midland National Life Insurance Co)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor and its the Distributor Representatives with respect to the Funds Contracts shall be in compliance with all applicable federal and state securities laws and regulations, as well as all compliance manuals provided by applicable insurance laws and regulations and the DistributorAgents Manual. In particular, without limiting the generality of the foregoing:
(1) Distributor shall train, supervise and be solely responsible for the conduct of Distributor Representatives in their solicitation of Applications and in their Premiums and distribution of the FundsContracts, and shall supervise their compliance with, with applicable rules and regulations of any insurance or securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities variable insurance product activities.
(2) Neither Distributor nor any Distributor Representative shall offer, attempt to offer, or solicit Applications for Funds for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless the Trust Insurer has notified Distributor that such Funds Contracts may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(3) Neither Distributor nor any Distributor Representative shall give any information or make any representation in regard to any Fund a class of Contracts in connection with the offer or sale of such Fund class of Contracts that is not in accordance with the Prospectus for such Fundclass of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fundclass of Contracts authorized by Insurer.
(4) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor or any of its Representatives shall be remitted promptly, and in any event within one not later than two business days after receipt days, in full, together with any Applications, forms and any other required documentation, to IL ANNUITY AND INSURANCE COMPANY as directed in the transfer agent of the TrustAgent's Manual. Checks or money orders in payment of Fund purchases Premiums shall be drawn to the order of “State Farm Mutual Funds"IL ANNUITY AND INSURANCE COMPANY ANNUITY.” " Premiums may be transmitted by wire order from Distributor to the Annuity Service Office in accordance with the procedures set forth in the Agents Manual. If any Fund purchase payment Premium is held at any time by Distributor, Distributor shall hold such payment as an agent of the Trust Premium in a fiduciary capacity and such payment Premium shall be remitted promptly, and in any event within one not later than two business days, to the transfer agent of the TrustInsurer. Distributor acknowledges that all such Fund purchase paymentsPremiums, whether by check, money order or wire, shall be the property of the TrustInsurer. Distributor acknowledges that the Trust Insurer shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase payment.the
Appears in 1 contract
Samples: Distribution Agreement (Il Annuity & Insurance Co Separate Account 1)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor and its the Distributor Representatives with respect to the Funds Contracts shall be in compliance with all applicable federal and state securities laws and regulations, as well as all compliance manuals provided by applicable insurance laws and regulations and the DistributorAgents Manual. In particular, without limiting the generality of the foregoing:
(1) Distributor shall train, supervise and be solely responsible for the conduct of Distributor Representatives in their solicitation of Applications and in their Premiums and distribution of the FundsContracts, and shall supervise their compliance with, with applicable rules and regulations of any insurance or securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities variable insurance product activities.
(2) Neither Distributor nor any Distributor Representative shall offer, attempt to offer, or solicit Applications for Funds for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless the Trust Insurer has notified Distributor that such Funds Contracts may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(3) Neither Distributor nor any Distributor Representative shall give any information or make any representation in regard to any Fund a class of Contracts in connection with the offer or sale of such Fund class of Contracts that is not in accordance with the Prospectus for such Fundclass of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fundclass of Contracts authorized by Insurer.
(4) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor or any of its Representatives shall be remitted promptly, and in any event within one not later than two business days after receipt days, in full, together with any Applications, forms and any other required documentation, documentation to IL ANNUITY AND INSURANCE COMPANY as directed in the transfer agent of the TrustAgent’s Manual. Checks or money orders in payment of Fund purchases Premiums shall be drawn to the order of “State Farm Mutual FundsIL ANNUITY AND INSURANCE COMPANY ANNUITY.” Premiums may be transmitted by wire order from Distributor to the Annuity Service Office in accordance with the procedures set forth in the Agent’s Manual. If any Fund purchase payment Premium is held at any time by Distributor, Distributor shall hold such payment as an agent of the Trust Premium in a fiduciary capacity and such payment Premium shall be remitted promptly, and in any event within one not later than two business days, to the transfer agent of the TrustInsurer. Distributor acknowledges that all such Fund purchase paymentsPremiums, whether by check, money order or wire, shall be the property of the TrustInsurer. Distributor acknowledges that the Trust Insurer shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase paymentPremium.
Appears in 1 contract
Solicitation Activities. All solicitation and sales activities engaged in by Distributor Company and its the Company Representatives with respect to the Funds Contracts shall be in compliance with all applicable federal and state securities laws and regulations, where applicable, as well as all compliance manuals provided by the Distributorapplicable insurance laws and regulations. In particular, without limiting the generality of the foregoing:
(1) Distributor Company shall train, supervise and be solely responsible for the conduct of Company Representatives in their solicitation of Applications and in their Premiums and distribution of the FundsContracts, and shall supervise their compliance with, with applicable rules and regulations of any insurance or securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities variable insurance product activities.
(2) Neither Distributor Company nor any Company Representative shall offer, attempt to offer, or solicit Applications for Funds for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless the Trust Separate Account has notified Distributor Company that such Funds Contracts may lawfully be sold or offered for sale in such state, and has not subsequently revised such noticenoting.
(3) Neither Distributor Company nor any Company Representative shall give any information or make any representation in regard to any Fund a class of Contracts in connection with the offer or sale of such Fund class of Contracts that is not in accordance with the Prospectus or statement of additional information for such Fundclass of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fundprospectus, or in current advertising materials for such Fundclass of Contracts authorized by the Separate Account.
(4) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor Company or any of its Representatives shall be remitted promptly, and in any event within one not later than noon of the next business days after receipt day, in full, together with any Applications, forms and any other required documentation, to the transfer agent of the Trustaddress provided to Company. Checks or money orders in payment of Fund purchases shall Premiums may be drawn transmitted by wire order from Company to the order of “State Farm Mutual Funds.” designated address in accordance with the procedures set forth from time to time. If any Fund purchase payment Premium is held at any time by DistributorCompany, Distributor Company shall hold such payment as an agent of the Trust Premium in a fiduciary capacity and such payment Premium shall be remitted promptly, and in any event within one not later than noon of the next business daysday, to the transfer agent of the TrustSeparate Account. Distributor Company acknowledges that all such Fund purchase paymentsPremiums, whether by check, money order or wire, shall be the property of the TrustSeparate Account. Distributor Company acknowledges that the Trust Separate Account shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase paymentPremium.
Appears in 1 contract
Samples: Underwriting Agreement (Continental Assurance Co Separate Account B)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor MWAFS and its Representatives with respect to the Funds Contracts shall be in compliance with all applicable federal and state securities laws and regulations, as well as all applicable insurance laws and regulations, and compliance manuals provided by the DistributorModern Woodmen. In particular, without limiting the generality of the foregoing:
(1) Distributor MWAFS shall traintrain (including the preparation and utilization of training materials), supervise and be solely responsible for the conduct of Representatives in their solicitation of Applications and in their Premiums and distribution of the FundsContracts under the federal securities laws and the rules of the NASD, and shall supervise their compliance with, applicable rules and regulations of any securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities variable insurance product activities.
(2) Neither Distributor MWAFS nor any Representative shall offer, attempt to offer, or solicit Applications for Funds for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless the Trust Modern Woodmen has notified Distributor MWAFS that such Funds Contracts may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(3) Neither Distributor MWAFS nor any Representative shall give any information or make any representation in regard to any Fund a class of Contracts in connection with the offer or sale of such Fund class of Contracts that is not in accordance with the Prospectus for such Fund, or in the then-currently effective prospectus or statement class of additional information for a FundContracts, or in current advertising materials for such Fundclass of Contracts authorized by Modern Woodmen.
(4) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor MWAFS or any of its Representatives shall be remitted promptly, and in any event within one by noon of the next business days day after receipt in fullreceipt, together with any Applications, forms and any other required documentation, to the transfer agent of the TrustModern Woodmen. Checks or money orders in payment of Fund purchases Premiums shall be drawn to the order of “State Farm Mutual Funds"MODERN WOODMEN OF AMERICA.” " If any Fund purchase payment Premium is held at any time by DistributorMWAFS, Distributor MWAFS shall hold such payment as an agent of the Trust Premium in a fiduciary capacity and such payment Premium shall be remitted promptly, and in any event within one by noon of the next business daysday, to the transfer agent of the TrustModern Woodmen. Distributor MWAFS acknowledges that all such Fund purchase paymentsPremiums, whether by check, money order check or wire, shall be the property of the TrustModern Woodmen. Distributor MWAFS acknowledges that the Trust Modern Woodmen shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase paymentPremium.
Appears in 1 contract
Samples: Distribution Agreement (Modern Woodmen of America Variable Annuity Account)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor and its the Distributor Representatives with respect to the Funds Policies shall be in compliance with all applicable federal and state securities laws and regulations, as well as all compliance manuals provided by applicable insurance laws and regulations and the DistributorInsurer's rules and procedures. In particular, without limiting the generality of the foregoing:
(1) Distributor shall train, supervise and be solely responsible for the conduct of Distributor Representatives in their solicitation of Applications and in their Premiums and distribution of the FundsPolicies, and shall supervise their compliance with, with applicable rules and regulations of any insurance or securities regulatory agencies that have jurisdiction over the Trust’s or the Distributor’s securities variable insurance product activities.
(2) Neither Distributor nor any Distributor Representative shall offer, attempt to offer, or solicit Applications for Funds for, the Policies in any state or other jurisdiction unless the Trust Insurer has notified Distributor that such Funds Policies may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(3) Neither Distributor nor any Distributor Representative shall give any information or make any representation in regard to any Fund a class of Policies in connection with the offer or sale of such Fund class of Policies that is not in accordance with the Prospectus for such Fundclass of Policies, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such Fundclass of Policies authorized by Insurer.
(4) All Fund purchase payments made Premiums paid by check or money order that are collected by Distributor or any of its Representatives shall be remitted promptly, and in any event within one not later than two business days after receipt days, in full, together with any Applications, forms and any other required documentation, to the transfer agent of the TrustCustomer Service Center. Checks or money orders in payment of Fund purchases Premiums shall be drawn to the order of “State Farm Mutual Funds.” the Insurer. If any Fund purchase payment Premium is held at any time by Distributor, Distributor shall hold such payment as an agent of the Trust Premium in a fiduciary capacity and such payment Premium shall be remitted promptly, and in any event within one not later than two business days, to the transfer agent of the TrustInsurer. Distributor acknowledges that all such Fund purchase paymentsPremiums, whether by check, money order or wire, shall be the property of the TrustInsurer. Distributor acknowledges that the Trust Insurer shall have the unconditional right to reject, in whole or in part, any Application or Fund purchase paymentPremium.
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Samples: Distribution Agreement (National Variable Life Insurance Account)