Common use of Solicitation of Applications Clause in Contracts

Solicitation of Applications. We will inform you from time to time which products you are authorized to sell. Solicitation of Contracts authorized under this agreement will be performed by you or by solicitors in accordance with the terms set forth below. A solicitor is a properly licensed registered representative who is employed by or associated with you and is appointed by us to solicit Contracts in your name. You are responsible for assuring that all solicitors are persons of good character. You agree not to allow any solicitor to engage in the services authorized under this agreement, except in accordance with this Section. At our option, we may refuse to contract with or appoint any proposed solicitor and may terminate any agreement with or appointment of a solicitor. You will be solely responsible for the payment of any compensation to solicitors, and you agree to hold us harmless from all claims for commissions or other compensation by any solicitor.

Appears in 4 contracts

Samples: Insurance Products Sales Agreement (Transamerica Occidental Life Separate Account Vul 3), Separate Acct Vul 5 of Transamerica Occidental Life Ins Co, Separate Account Vul 4 of Transamer Occidental Life Ins Co

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