Common use of SUPERVISION OF PRODUCERS Clause in Contracts

SUPERVISION OF PRODUCERS. General Agent shall supervise any Producers appointed pursuant to this Agreement to solicit sales of the Contracts and bear responsibility for all acts and omissions of each Producer. General Agent shall comply with and exercise all responsibilities required by applicable federal and state law and regulations. General Agent shall not be responsible for those supervisory responsibilities belonging to Selling Broker-Dealer under applicable securities laws which include, but are not limited to, supervising and training Producers in their capacity as registered representatives. Nothing contained in this Agreement or otherwise shall be deemed to make any Producer appointed by General Agent an employee or agent of CLNY or CLAFS. If the act or omission of a Producer or any other employee of General Agent is the proximate cause of any claim, damage or liability (including reasonable attorneys' fees) to CLNY or CLAFS, General Agent shall be responsible and liable therefor Before a producer is permitted to sell the Contracts, General Agent, Selling Broker-Dealer and Producer shall have entered into a written agreement pursuant to which: 1) Producer is appointed a Producer of General Agent and a registered representative of Selling Broker-Dealer, 2) Producer agrees that his or her selling activities relating to securities regulated contracts shall be under the supervision and control of Selling Broker Dealer and his or her selling activities relating to insurance regulated Contracts shall be under the supervision and control of general Agent; and 3) that Producer's 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 General Agent.

SUPERVISION OF PRODUCERS. General Agent shall supervise any Producers producers appointed pursuant to this Agreement to solicit sales of the Contracts and bear responsibility for all acts and omissions of each Producerproducer. General Agent shall comply with and exercise all responsibilities required by applicable federal and state New York law and regulations. General Agent shall not be responsible for those supervisory responsibilities belonging to Selling Broker-Dealer under applicable securities laws which include, but are not limited to, supervising and training Producers producers in their capacity as registered representatives. Nothing contained in this Agreement or otherwise shall be deemed to make any Producer producer appointed by General Agent an employee or agent of CLNY CLNY, CLAFS or CLAFSXxxxxxxx Financial. If the act or omission of a Producer producer or any other employee of General Agent is the proximate cause of any claim, damage or liability (including reasonable attorneys' fees) to CLNY CLNY, CLAFS or CLAFSXxxxxxxx Financial, General Agent shall be responsible and liable therefor therefor. Before a producer is permitted to sell the Contracts, General Agent, Selling Broker-Dealer and Producer producer shall have entered into a written agreement pursuant to which: 1) Producer producer is appointed a Producer producer of General Agent and a registered representative of Selling Broker-Dealer, ; 2) Producer producer agrees that his or her selling activities relating to securities regulated contracts shall be under the supervision and control of Selling Broker Broker-Dealer and his or her selling activities relating to insurance regulated Contracts shall be under the supervision and control of general General Agent; and 3) that Producerproducer's 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 General Agent.

SUPERVISION OF PRODUCERS. General Agent shall supervise any Producers producers appointed pursuant to this Agreement to solicit sales of the Contracts and bear responsibility for all acts and omissions of each Producerproducer. General Agent shall comply with and exercise all responsibilities required by applicable federal and state law and regulations. General Agent shall not be responsible for those supervisory responsibilities belonging to Selling Broker-Dealer under applicable securities laws which include, but are not limited to, supervising and training Producers producers in their capacity as registered representatives. Nothing contained in this Agreement or otherwise shall be deemed to make any Producer producer appointed by General Agent an employee or agent of CLNY CLICA, CLAFS or CLAFSSeligman Financial. If the act or omission of a Producer producer or any other employee othex xxxxxxee of General Agent is the proximate cause of any claim, damage or liability (including reasonable attorneys' fees) to CLNY CLICA, CLAFS or CLAFSSeligman Financial, General Agent shall be responsible and liable therefor thexxxxx. Before a producer is permitted to sell the Contracts, General Agent, Selling Broker-Dealer and Producer producer shall have entered into a written agreement pursuant to which: 1) Producer producer is appointed a Producer producer of General Agent and a registered representative of Selling Broker-Dealer, ; 2) Producer producer agrees that his or her selling activities relating to securities regulated contracts shall be under the supervision and control of Selling Broker Broker-Dealer and his or her selling activities relating to insurance regulated Contracts shall be under the supervision and control of general General Agent; and 3) that Producerproducer's 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 General Agent.

SUPERVISION OF PRODUCERS. General Agent shall supervise any Producers producers appointed pursuant to this Agreement to solicit sales of the Contracts and bear responsibility for all acts and omissions of each Producerproducer. General Agent shall comply with and exercise all responsibilities required by applicable federal and state New York law and regulations. General Agent shall not be responsible for those supervisory responsibilities belonging to Selling Broker-Dealer under applicable securities laws which include, but are not limited to, supervising and training Producers producers in their capacity as registered representatives. Nothing contained in this Agreement or otherwise shall be deemed to make any Producer producer appointed by General Agent an employee or agent of CLNY CLNY, CLAFS or CLAFSSelixxxx Xxxancial. If the act or omission of a Producer producer or any other employee of General Agent is the proximate cause of any claim, damage or liability (including reasonable attorneys' fees) to CLNY CLNY, CLAFS or CLAFSSelixxxx Xxxancial, General Agent shall be responsible and liable therefor therefor. Before a producer is permitted to sell the Contracts, General Agent, Selling Broker-Dealer and Producer producer shall have entered into a written agreement pursuant to which: 1) Producer producer is appointed a Producer producer of General Agent and a registered representative of Selling Broker-Dealer, ; 2) Producer producer agrees that his or her selling activities relating to securities regulated contracts shall be under the supervision and control of Selling Broker Broker-Dealer and his or her selling activities relating to insurance regulated Contracts shall be under the supervision and control of general General Agent; and 3) that Producerproducer's 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 General Agent.

SUPERVISION OF PRODUCERS. General Agent shall supervise any Producers appointed pursuant to this Agreement to solicit sales of the Contracts and bear responsibility for all acts and omissions of each Producer. General Agent shall comply with and exercise all responsibilities required by applicable federal and state law and regulations. General Agent shall not be responsible for those supervisory responsibilities belonging to Selling Broker-Dealer under applicable securities laws which include, but are not limited to, supervising and training Producers in their capacity as registered representatives. Nothing contained in this Agreement or otherwise shall be deemed to make any Producer appointed by General Agent an employee or agent of CLNY CLICA or CLAFS. If the act or omission of a Producer or any other employee of General Agent is the proximate cause of any claim, damage or liability (including reasonable attorneys' fees) to CLNY CLICA or CLAFS, General Agent shall be responsible and liable therefor therefor. Before a producer Producer is permitted to sell the Contracts, General Agent, Selling Broker-Dealer and Producer shall have entered into a written agreement pursuant to which: 1) Producer is appointed a Producer of General Agent and a registered representative of Selling Broker-Dealer, 2) Producer agrees that his or her selling activities relating to securities regulated contracts shall be under the supervision and control of Selling Broker Broker-Dealer and his or her selling activities relating to insurance regulated Contracts shall be under the supervision and control of general General Agent; and 3) that ProducerProduce's 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 General Agent.