Common use of Solicitation Activities Clause in Contracts

Solicitation Activities. All solicitation and sales activities ------------------------ engaged in by Distributor and its Representatives with respect to the 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 State 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 and Premiums and distribution of the Contracts under, and shall supervise their compliance with, applicable rules and regulations of any securities regulatory agencies that have jurisdiction over variable insurance product activities. (2) Neither Distributor nor any Representative shall offer, attempt to offer, or solicit Applications for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless State Farm has notified Distributor that such 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 a class of Contracts in connection with the offer or sale of such class of Contracts that is not in accordance with the Prospectus for such class of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such class of Contracts authorized by State Farm. (4) All 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 two business days after receipt in full, together with any Applications, forms and any other required documentation, to State Farm. Checks or money orders in payment of Premiums shall be drawn to the order of "State Farm Life Insurance Company." If any Premium is held at any time by Distributor, Distributor shall hold such Premium in a fiduciary capacity and such Premium shall be remitted promptly, and in any event within two business days, to State Farm. Distributor acknowledges that all such Premiums, whether by check, money order or wire, shall be the property of State Farm. Distributor acknowledges that State Farm shall have the unconditional right to reject, in whole or in part, any Application or Premium.

Appears in 1 contract

Samples: Distribution Agreement (State Farm Life Insurance Co Variable Annuity Separate Act)

AutoNDA by SimpleDocs

Solicitation Activities. All solicitation and sales activities ------------------------ engaged in by Distributor and its Representatives with respect to the 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 State FarmAFLIC. In particular, without limiting the generality of the foregoing: (1) Distributor Distributor, along with appropriate AFLIC registered principals, shall train, supervise and be solely responsible for the conduct of Representatives in their solicitation of applications Applications and Premiums and distribution of the Contracts underunder 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 variable insurance product activities. (2) Neither Distributor nor any Representative shall offer, attempt to offer, or solicit Applications for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless State Farm AFLIC has notified Distributor that such 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 a class of Contracts in connection with the offer or sale of such class of Contracts that is not in accordance with the Prospectus for such class of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such class of Contracts authorized by State FarmAFLIC. (4) All 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 two by noon of the next business days day after receipt in full, together with any Applications, forms and any other required documentation, to State FarmAFLIC. Checks or money orders in payment of Premiums shall be drawn to the order of "State Farm American Family Life Insurance Company." If any Premium is held at any time by Distributor, Distributor shall hold such Premium in a fiduciary capacity and such Premium shall be remitted promptly, and in any event within two business days, to State FarmAFLIC. Distributor acknowledges that all such Premiums, whether by check, money order or wire, shall be the property of State FarmAFLIC. Distributor acknowledges that State Farm AFLIC shall have the unconditional right to reject, in whole or in part, any Application or Premium.

Appears in 1 contract

Samples: Distribution Agreement (American Family Variable Account Ii)

Solicitation Activities. All solicitation and sales activities ------------------------ engaged in by Distributor and its Representatives with respect to the 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 State FarmFNWL. In particular, without limiting the generality of the foregoing: (1) Distributor Distributor, along with appropriate FNWL registered principals, shall train, supervise and be solely responsible for the conduct of Representatives in their solicitation of applications and Premiums and distribution of the Contracts under, and shall supervise their compliance with, applicable rules and regulations of any securities regulatory agencies that have jurisdiction over variable insurance product activities. (2) Neither Distributor nor any Representative shall offer, attempt to offer, or solicit Applications for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless State Farm FNWL has notified Distributor that such 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 a class of Contracts in connection with the offer or sale of such class of Contracts that is not in accordance with the Prospectus for such class of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such class of Contracts authorized by State FarmFNWL. (4) All 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 two business days after receipt in full, together with any Applications, forms and any other required documentation, to State FarmFNWL. Checks or money orders in payment of Premiums shall be drawn to the order of "State Farm Farmers New World Life Insurance Company." If any Premium is held at any time by Distributor, Distributor shall hold such Premium in a fiduciary capacity and such Premium shall be remitted promptly, and in any event within two business days, to State FarmFNWL. Distributor acknowledges that all such Premiums, whether by check, money order or wire, shall be the property of State FarmFNWL. Distributor acknowledges that State Farm FNWL shall have the unconditional right to reject, in whole or in part, any Application or Premium.

Appears in 1 contract

Samples: Distribution Agreement (Farmers Annuity Separate Account A)

AutoNDA by SimpleDocs

Solicitation Activities. All solicitation and sales activities ------------------------ engaged in by Distributor and its the Distributor Representatives with respect to the Contracts shall be in compliance with all applicable federal and state securities laws and regulations, as well as all applicable insurance laws and regulations, regulations and compliance manuals provided by State Farmthe Agents 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 Applications and Premiums and distribution of the Contracts underContracts, and shall supervise their compliance with, with applicable rules and regulations of any insurance or securities regulatory agencies that have jurisdiction over variable insurance product activities. (2) Neither Distributor nor any Distributor Representative shall offer, attempt to offer, or solicit Applications for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless State Farm Insurer has notified Distributor that such 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 a class of Contracts in connection with the offer or sale of such class of Contracts that is not in accordance with the Prospectus for such class of Contracts, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such class of Contracts authorized by State FarmInsurer. (4) All 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 not later than two business days after receipt days, in full, together with any Applications, forms and any other required documentation, to State FarmBANKERS LIFE INSURANCE COMPANY OF NEW YORK as directed in the Agent's Manual. Checks or money orders in payment of Premiums shall be drawn to the order of "State Farm Life Insurance CompanyBANKERS LIFE INSURANCE COMPANY OF NEW YORK." 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 Premium is held at any time by Distributor, Distributor shall hold such Premium in a fiduciary capacity and such Premium shall be remitted promptly, and in any event within not later than two business days, to State FarmInsurer. Distributor acknowledges that all such Premiums, whether by check, money order or wire, shall be the property of State FarmInsurer. Distributor acknowledges that State Farm Insurer shall have the unconditional right to reject, in whole or in part, any Application or Premium.

Appears in 1 contract

Samples: Distribution Agreement (Bankers Life Insurance Co of New York Separate Account I)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!