TRANSMISSION AND OWNERSHIP OF MONEY FOR PRODUCTS. All money received by General Agent and Broker-Dealer or Representatives or agents of General Agent and Broker-Dealer in connection with the Products, whether as premium or otherwise, and whether paid by or on behalf of any policyholder, contract owner or anyone else having an interest in the Products, is the property of CUNA Mutual, shall be held in a separate account and shall be transmitted promptly in accordance with the administrative procedures of CUNA Mutual without any deduction or offset for any reason, including but not limited to, any deduction or offset for Compensation claimed by General Agent or Broker-Dealer.
Appears in 4 contracts
Samples: Selling and Services Agreement (MEMBERS Life Insurance Co), Selling and Services Agreement (MEMBERS Life Insurance Co), Selling and Services Agreement (Cuna Mutual Variable Annuity Account)
