Common use of Supervision of Sub Clause in Contracts

Supervision of Sub. broker Producer, jointly with Selling Broker-Dealer, shall supervise all Sub-brokers appointed pursuant to this Agreement to solicit sales of the Contracts and bear responsibility for all acts and omissions of each Sub-broker. Producer shall comply with and exercise all responsibilities required by applicable federal and state law and regulations. Producer shall train and supervise its Sub-brokers to ensure that purchase of a Contract is recommended only to applicants where there are reasonable grounds to believe the purchase of the Contract is suitable for that applicant. While not limited to the following, a determination of suitability shall be based on information furnished to a Selling Broker-Dealer after reasonable inquiry of such applicant concerning the applicant's insurance and investment objectives, financial situation and needs, and the likelihood that the applicant will continue to make any premium payments contemplated by the Contracts and will keep the Contract in force for a sufficient period of time so that the Company's acquisition costs are amortized over a reasonable period of time. Nothing contained in this Agreement or otherwise shall be deemed to make any Sub-broker appointed by Producer an employee or agent of the Company or Clarendon. Neither the Company nor Clarendon shall have any responsibility for the training and supervision of any Sub-broker or any employee of Producer. If the act or omission of a Sub-broker or any employee of Producer is the proximate cause of claim, damage or liability (including reasonable attorneys' fees) to the Company or Clarendon, Producer and Selling Broker-Dealer shall be responsible and liable, jointly and severally, therefor.

Supervision of Sub. broker Producer, jointly with Selling Broker-Dealer, shall supervise all Sub-brokers appointed pursuant to this Agreement to solicit sales of the Contracts and bear responsibility for all acts and omissions of each Sub-broker. Producer shall comply with and exercise all responsibilities required by applicable federal and state law and regulations. Producer shall train and supervise its Sub-brokers to ensure that purchase of a Contract is recommended only to applicants where there are reasonable grounds to believe the purchase of the Contract is suitable for that applicant. While not limited to the following, a determination of suitability shall be based on information furnished to a Selling BrokerSub-Dealer broker after reasonable inquiry of such applicant concerning the applicant's insurance and investment objectives, financial situation and needs, and the likelihood that the applicant will continue to make any premium payments contemplated by the Contracts and will keep the Contract in force for a sufficient period of time so that the Company's acquisition costs are amortized over a reasonable period of time. Nothing contained in this Agreement or otherwise shall be deemed to make any Sub-broker appointed by Producer an employee or agent of the Company or ClarendonSun Investment. Neither the Company nor Clarendon Sun Investment shall have any responsibility for the training and supervision of any Sub-broker or any employee of Producer. If the act or omission of a Sub-broker or any employee of Producer is the proximate cause of claim, damage or liability (including reasonable attorneys' fees) to the Company or ClarendonSun Investment, Producer and Selling Broker-Dealer shall be responsible and liable, jointly and severally, therefor.

Supervision of Sub. broker Producer, jointly with Selling Broker-Dealer, shall supervise all Sub-Sub- brokers appointed pursuant to this Agreement to solicit sales of the Contracts and bear responsibility for all acts and omissions of each Sub-broker. Producer shall comply with and exercise all responsibilities required by applicable federal and state law and regulations. Producer shall train and supervise its Sub-brokers to ensure that purchase of a Contract is recommended only to applicants where there are reasonable grounds to believe the purchase of the Contract is suitable for that applicant. While not limited to the following, a determination of suitability shall be based on information furnished to a Selling BrokerSub-Dealer broker after reasonable inquiry of such applicant concerning the applicant's insurance and investment objectives, financial situation and needs, and the likelihood that the applicant will continue to make any premium payments contemplated by the Contracts and will keep the Contract in force for a sufficient period of time so that the Company's acquisition costs are amortized over a reasonable period of time. Nothing contained in this Agreement or otherwise shall be deemed to make any Sub-broker appointed by Producer an employee or agent of the Company or ClarendonSun Investment. Neither the Company nor Clarendon Sun Investment shall have any responsibility for the training and supervision of any Sub-broker or any employee of Producer. If the act or omission of a Sub-broker or any employee of Producer is the proximate cause of claim, damage or liability (including reasonable attorneys' fees) to the Company or ClarendonSun Investment, Producer and Selling Broker-Dealer shall be responsible and liable, jointly and severally, therefor.