Common use of Subagents Clause in Contracts

Subagents. Agency is authorized to appoint Subagents to solicit sales of the Contracts (“Subagents”); provided, however, that Pacific Life shall have the right in its sole discretion to terminate the appointment of any Subagent upon notice from Pacific Life to Agency. Agency warrants that no Subagent shall commence solicitation nor aid, directly or indirectly, in the solicitation of any application for any Contract unless, at the time of such solicitation or aid, such Subagent is appropriately licensed for such product under applicable insurance laws and is an NASD registered representative of Broker/Dealer. Selling Entities each represent that they have, for each Subagent, fulfilled all requirements set forth in the form of general letter of recommendation set forth in Exhibit C hereto; and agree, upon reasonable request by Pacific Life, to furnish proof of such fulfillment as Pacific Life may require.

Appears in 8 contracts

Samples: Variable Contract Selling Agreement (Pacific Select Variable Ann Sep Acct of Pacific Life Ins Co), Variable Contract Selling Agreement (Separate Account B of Pacific Life Insurance Co), Variable Contract Selling Agreement (Separate Account a of Pacific Life Insurance Co)

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