Common use of SUPERVISION OF REPRESENTATIVES Clause in Contracts

SUPERVISION OF REPRESENTATIVES. (a) To the extent the Principal Distributor and its representatives assist Broker-Dealer and its representatives in the sale of the Policies, the Principal Distributor shall have full responsibility for the training and supervision of its representatives, and such representatives will be qualified under applicable federal and state law. (b) Broker-Dealer shall have full responsibility for the training and supervision of all Representatives associated with Broker-Dealer who are engaged directly or indirectly in the offer or sale of the Policies, and all such persons shall be subject to the control of and supervision of Broker-Dealer with respect to such persons' activities in connection with the solicitation and sale of and other communication with respect to the Policies. Broker-Dealer, prior to allowing its Representatives to solicit for sales or sell the Policies, shall require such Representatives to be validly insurance licensed, registered and appointed by the Company as variable contract agents in accordance with the jurisdictional requirements of the place where the solicitations and sales take place as well as the solicited person's or entity's place of residence; will cause such Representatives to qualify under applicable federal and state laws to engage in the sale of the Policies; will cause such Representatives to be registered representatives of Broker-Dealer before such Representatives engage in the solicitation of applications for the Policies; and will cause such Representatives to limit solicitation of applications for the Policies to jurisdictions where the Company has authorized such solicitation. Broker-Dealer shall cause such Representatives' qualifications to be certified to the satisfaction of the Principal Distributor and shall notify the Principal Distributor if any Representative ceases to be a registered representative of Broker-Dealer or ceases to maintain the proper licensing required for the sale of any of the Policies. (c) Each party shall be liable for its own negligence and misconduct hereunder.

Appears in 2 contracts

Samples: Broker Dealer Selling Agreement (Lincoln Life Flexible Premium Variable Life Account M), Broker Dealer Selling Agreement (Lincoln Life & Annuity Flexible Prem Vari Life Acct M)

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SUPERVISION OF REPRESENTATIVES. (a) To the extent the Principal Distributor and its representatives assist Broker-Dealer and its representatives in the sale of the Policies, the Principal Distributor shall have full responsibility for the training and supervision of its representatives, and such representatives will be qualified under applicable federal and state law. (b) Broker-/Dealer shall have full responsibility for the training and supervision of all Representatives associated with Broker-/Dealer who are engaged directly or indirectly in the offer or sale of the Policies, Contracts and all such persons shall be subject to the control of and supervision of Broker-/Dealer with respect to such persons' securities-related activities in connection with the solicitation Contracts. Broker/Dealer will establish rules, procedures and supervisory and inspection techniques necessary to diligently supervise the activities of its Representatives. Included in training will be federal and state statutes and regulations applicable to the sale of Contracts, the Ethical Principles and related Codes of the Insurance Marketplace Standards Association ("IMSA"), and any other communication with respect to topics about which Representatives must have sufficient knowledge as required by their individual agreements. Producers will cause the Policies. Broker-Dealer, prior to allowing its Representatives to solicit for sales or sell the Policies, shall require such Representatives to be validly insurance licensed, registered and appointed by trained in the Company as variable contract agents in accordance with the jurisdictional requirements sale of the place where the solicitations and sales take place as well as the solicited person's or entity's place of residenceContracts; will cause such Producers warrant that Representatives to qualify under applicable federal and state laws to engage in the sale of the PoliciesContracts; and Producers will cause such Representatives to be registered representatives of Broker-/Dealer before such Representatives engage in the solicitation of applications for the Policies; and will cause such Representatives to limit solicitation of applications for the Policies to Contracts in jurisdictions where the Company AILIC has authorized such solicitation. Broker-/Dealer has full responsibility in connection with the training, supervision and control of the Representatives as contemplated by Section 15(b)(4)(E) of the Securities Exchange Act of 1934 (the "1934 Act"). By submitting to GAA or AILIC a registered representative for appointment, Broker/Dealer shall cause such be deemed to have certified Representatives' qualifications to be certified to including those set forth in Appendix II hereto. Upon request, Broker/Dealer shall confirm the satisfaction foregoing by delivering a letter in the form of Appendix II hereto. Producers shall ensure that the Principal Distributor Contracts are offered, sold and shall notify serviced only through Representatives who comply with all appropriate state insurance licensing requirements and solely in accordance with the Principal Distributor if any Representative ceases to be a registered representative of Broker-Dealer or ceases to maintain Contract and the proper licensing required for the sale of any of the Policiesthen current Prospectus relating thereto. (c) Each party shall be liable for its own negligence and misconduct hereunder.

Appears in 2 contracts

Samples: Selling Agreement (Annuity Investors Variable Account B), Selling Agreement (Annuity Investors Variable Account C)

SUPERVISION OF REPRESENTATIVES. (a) To the extent the Principal Distributor and its representatives assist Broker-Dealer and its representatives in the sale of the Policies, the Principal Distributor shall have full responsibility for the training and supervision of its representatives, and such representatives will be qualified under applicable federal and state law. (b) Broker-/Dealer shall have full responsibility for the training and supervision of all Representatives associated with Broker-/Dealer who are engaged directly or indirectly in the offer or sale of the Policies, Contracts and all such persons Representatives shall be subject to the control of and supervision of Broker-/Dealer with respect to such personsRepresentatives' activities in connection with the solicitation Contracts. Broker/Dealer has established and shall maintain rules, procedures and supervisory and inspection techniques necessary to diligently supervise the activities of its Representatives. Included in training will be federal and state statutes and regulations applicable to the sale of Contracts, and any other communication with respect to the Policiestopics about which Representatives must have sufficient knowledge as required by their individual agreements. Broker-Dealer/Dealer has full responsibility in connection with the training, prior to allowing its supervision and control of the Representatives to solicit for sales or sell as contemplated by Section 15(b)(4)(E) of the Policies, shall require such Securities Exchange Act of 1934 (the "1934 Act"). Broker/Dealer will cause the Representatives to be validly insurance licensed, registered and appointed by trained in the Company as variable contract agents in accordance with the jurisdictional requirements sale of the place where the solicitations and sales take place as well as the solicited person's or entity's place of residenceContracts; will cause such Broker/Dealer warrants that Representatives to qualify under applicable federal and state laws to engage in the sale of the PoliciesContracts; and Broker/Dealer will cause such Representatives to be registered representatives of Broker-/Dealer before such Representatives engage in the solicitation of applications for the Policies; and will cause such Representatives to limit solicitation of applications for the Policies to Contracts in jurisdictions where the Company GALIC has authorized such solicitation. By submitting to GAA or GALIC a Representative for appointment, Broker-/Dealer shall cause such be deemed to have certified Representatives' qualifications to be certified to including those set forth in Appendix II hereto. Upon request, Broker/Dealer shall confirm the satisfaction foregoing by delivering a letter in the form of Appendix II hereto. Broker/Dealer shall ensure that the Principal Distributor Contracts are offered, sold and shall notify serviced only through Representatives who comply with all appropriate state insurance licensing requirements and solely in accordance with the Principal Distributor if any Representative ceases to be a registered representative of Broker-Dealer or ceases to maintain Contracts and also the proper licensing required for the sale of any of the Policiesthen current Prospectus relating thereto. (c) Each party shall be liable for its own negligence and misconduct hereunder.

Appears in 1 contract

Samples: Selling Agreement

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SUPERVISION OF REPRESENTATIVES. (a) To the extent the Principal Distributor and its representatives assist Broker-Dealer and its representatives in the sale of the Policies, the Principal Distributor shall have full responsibility for the training and supervision of its representatives, and such representatives will be qualified under applicable federal and state law. (b) Broker-/Dealer shall have full responsibility for the training and supervision of all Representatives associated with Broker-/Dealer who are engaged directly or indirectly in the offer or sale of the Policies, Contracts and all such persons Representatives shall be subject to the control of and supervision of Broker-/Dealer with respect to such personsRepresentatives' activities in connection with the solicitation Contracts. Broker/Dealer has established and shall maintain rules, procedures and supervisory and inspection techniques necessary to diligently supervise the activities of its Representatives. Included in training will be federal and state statutes and regulations applicable to the sale of Contracts, and any other communication with respect to the Policiestopics about which Representatives must have sufficient knowledge as required by their individual agreements. Broker-Dealer/Dealer has full responsibility in connection with the training, prior to allowing its supervision and control of the Representatives to solicit for sales or sell as contemplated by Section 15(b)(4)(E) of the Policies, shall require such Securities Exchange Act of 1934 (the "1934 Act"). Broker/Dealer will cause the Representatives to be validly insurance licensed, registered and appointed by trained in the Company as variable contract agents in accordance with the jurisdictional requirements sale of the place where the solicitations and sales take place as well as the solicited person's or entity's place of residenceContracts; will cause such Broker/Dealer warrants that Representatives to qualify under applicable federal and state laws to engage in the sale of the PoliciesContracts; and Broker/Dealer will cause such Representatives to be registered representatives of Broker-/Dealer before such Representatives engage in the solicitation of applications for the Policies; and will cause such Representatives to limit solicitation of applications for the Policies to Contracts in jurisdictions where the Company GALIC has authorized such solicitation. By submitting to GAA or GALIC a Representative for appointment, Broker-/Dealer shall cause such be deemed to have certified Representatives' qualifications to be certified to including those set forth in Appendix II hereto. Upon request, Broker/Dealer shall confirm the satisfaction foregoing by delivering a letter in the form of Appendix II hereto. Broker/Dealer shall ensure that the Principal Distributor Contracts are offered, sold and shall notify serviced only through Representatives who comply with all appropriate state insurance licensing requirements and solely in accordance with the Principal Distributor if any Representative ceases to be a registered representative of Broker-Dealer or ceases to maintain the proper licensing required Contracts and, for the sale of any of Registered Contracts, also the Policiesthen current Prospectus relating thereto. (c) Each party shall be liable for its own negligence and misconduct hereunder.

Appears in 1 contract

Samples: Selling Agreement

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