Common use of Submission of Applications Clause in Contracts

Submission of Applications. Producers shall follow the administrative procedures established by MassMutual and communicated to Producers with regard to the processing and submission of applications and related documents for the Products. Until a policy or contract is delivered, Producers shall provide MassMutual all information, whether favorable or unfavorable, which comes into Producers’ possession concerning the underwriting of any risks under a Product. Producers shall forward all applications and related documents received by Producers in connection with the Products to MassMutual’s designated office promptly after receipt. All applications and related documents must be on forms supplied by MassMutual and are subject to acceptance or rejection by MassMutual in its sole discretion. Producers have no right of action against any MassMutual or MSD based on the refusal of MassMutual, for any reason, to issue or amend a policy. In addition to adhering to MassMutual’s administrative requirements, Producers shall handle and transmit customer applications and funds for Variable Products in accordance with applicable SEC and FINRA requirements.