Common use of Sub-Broker Agreements Clause in Contracts

Sub-Broker Agreements. Before a Sub-broker is permitted by Producer and Selling Broker-Dealer to offer the Contracts, Sub-broker shall have entered into a written agreement with Producer and Selling Broker-Dealer pursuant to which (i) Sub-broker is appointed as a Sales representative of Producer and a registered representative of Selling Broker-Dealer; (ii) Sub-broker agrees that his or her selling activities relating to Contracts shall be under the supervision and control of Selling Broker-Dealer and Producer, and (iii) that Sub-brokers right to continue to sell such Contracts is subject to his or her continued compliance with such agreement and any procedures, rules or regulations implemented by Selling Broker-Dealer or Producer. At the request of the Company, a copy of each such written agreement shall be mailed to the Company.

Appears in 4 contracts

Samples: Corporate Markets Variable Life Insurance Sales Agreement (Sun Life of Canada U S Variable Account G), Marketing Coordination and Administrative (Sun Life of Canada U S Variable Account G), Corporate Markets Variable Life Insurance Sales Agreement (Sun Life of Canada U S Variable Account G)

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