Common use of Underwriter Clause in Contracts

Underwriter. (a) United Investors grants to W&R the right, during the term of this Agreement, subject to the registration requirements of the Securities Act and the Investment Company Act and the provisions of the Exchange Act, to be the distributor and principal underwriter of the Policies. W&R agrees to use its best efforts to distribute the Policies, and to undertake to provide sales services relative to the Policies and otherwise to perform all duties and functions necessary and proper for the distribution of the Policies. (b) To the extent necessary to offer the Policies, W&R shall be duly registered or otherwise qualified under the securities laws of any state or other jurisdiction. Any sales representatives of W&R soliciting applications for the Policies shall by duly and appropriately licensed, registered or otherwise qualified for the sale of such Policies under the federal securities laws, any applicable insurance laws and securities laws of each state or other jurisdiction in which such policies may lawfully be sold and in which United Investors is licensed to sell Policies. Such direct sales representatives of W&R shall be independent contractors. W&R shall be responsible for the training, supervision, and control of its representatives for the purposes of NASD Rules of Fair Practice and federal and state securities law requirements applicable in connection with the offering and sale of the Policies. In this connection, W&R shall retain written supervisory procedures in compliance with NASD Rules of Fair Practice, Section 27, Paragraph 2177. (c) W&R agrees to offer the Polices for sale accordance with the prospectus therefor filed with the Securities and Exchange Commission ("Commission") then in effect. W&R is not authorized to give any information or to make any representations concerning the Policies other than those contained in such current prospectus or in such sales literature as may be authorized by United Investors. (d) All purchase payments made or other monies payable under the Policies shall be paid or remitted by or on behalf of Policyowners directly to United Investors or its designated servicing agent and shall become the exclusive property of United Investors. United Investors will retain all such payments and monies except to the extent such payments and monies are allocated to the Variable Account.

Underwriter. (a) United Investors GELAAC grants to W&R CBC the exclusive right, during the term of this Agreement, subject to the registration requirements of the Securities 1933 Act and the Investment Company 1940 Act and the provisions of the Exchange 1934 Act, to be the distributor and principal underwriter of the PoliciesContracts. W&R CBC agrees to use its best efforts to distribute the PoliciesContracts, and to undertake to provide sales and services relative to the Policies Contracts and otherwise to perform all duties and functions necessary and proper for the distribution of the PoliciesContracts. It is the intent of the parties hereto that substantially similar successor Contracts hereafter issued by GELAAC in addition to or in substitution for the Contracts shall be covered by this Agreement so long as this Agreement has not been previously terminated prior to date of introduction thereof. (b) To the extent necessary to offer the PoliciesContracts, W&R CBC shall be duly registered or otherwise qualified under the securities laws of any state or other jurisdiction. Any sales All registered representatives of W&R CBC soliciting applications for the Policies Contracts shall by be duly and appropriately licensed, registered or otherwise qualified for the sale of such Policies Contracts (and the riders offered in connection therewith) under the federal securities laws, any applicable the state insurance laws and any applicable state securities laws of each state or other jurisdiction in which such policies Contracts may lawfully be sold and in which United Investors GELAAC is licensed to sell Policiesthe Contracts. Such direct sales representatives of W&R shall be independent contractors. W&R CBC shall be responsible for the training, supervision, and control of its own registered representatives for the purposes of NASD the Rules of Fair Practice the NASD and federal and state securities law requirements applicable to them in connection with the offering offer and sale of the Policies. In this connection, W&R shall retain written supervisory procedures in compliance with NASD Rules of Fair Practice, Section 27, Paragraph 2177Contracts. (c) W&R CBC agrees to offer the Polices Contracts for sale in accordance with the prospectus prospectuses therefor filed with the Securities and Exchange Commission ("Commission") then in effect. W&R CBC is not authorized to give any information or to make any representations concerning the Policies Contracts other than those contained in such the current prospectus prospectuses filed with the Securities and Exchange Commission ("Commission") or in such sales literature as may be authorized by United InvestorsGELAAC. (d) All purchase Payments made in connection with the Contracts whether premium or otherwise are the exclusive property of GELAAC. Such payments received by CBC shall be held in a fiduciary capacity and shall be transmitted immediately to GELAAC or its designated servicing agent in accordance with the administrative procedures of GELAAC. GELAAC will credit all payments made or other monies payable under the Policies shall be paid or remitted by or on behalf of Policyowners directly owners of Contracts "Contract owners" to United Investors or its designated servicing agent their respective accounts, and shall become the exclusive property of United Investors. United Investors will retain all such payments and monies except allocate amounts to the extent such payments investment subdivisions of the Separate Accounts in accordance with the instructions of Policyowners and monies are allocated to the Variable Accountprovisions of the Contracts.

Underwriter. (a) United Investors grants to W&R the right, during the term of this Agreement, subject to the registration requirements of the Securities Act and the Investment Company Act and the provisions of the Exchange Act, to be the distributor and principal underwriter of the Policies. W&R agrees to use its best efforts to distribute the Policies, and to undertake to provide sales services relative to the Policies and otherwise to perform all duties and functions necessary and proper for the distribution of the Policies. (b) To the extent necessary to offer the Policies, W&R shall be duly registered or otherwise qualified under the securities laws of any state or other jurisdiction. Any sales representatives of W&R soliciting applications for the Policies shall by be duly and appropriately licensed, registered or otherwise qualified for the sale of such Policies under the federal securities laws, any applicable insurance laws and securities laws of each state or other jurisdiction in which such policies may lawfully be sold and in which United Investors is licensed to sell Policies. Such direct sales representatives of W&R shall be independent contractors. W&R shall be responsible for the training, supervision, and control of its representatives for the purposes of the NASD Rules of Fair Practice and federal and state securities law requirements applicable in connection with the offering and sale of the Policies. In this connection, W&R shall retain written supervisory procedures in compliance with NASD Rules of Fair Practice, Section 27, Paragraph 2177. (c) W&R agrees to offer the Polices Policies for sale in accordance with the prospectus therefor therefore filed with the Securities and Exchange Commission ("Commission") then in effect. W&R is not authorized to give any information or to make any representations concerning the Policies other than those contained in such current prospectus or in such sales literature as may be authorized by United Investors. (d) All purchase premium payments made or other monies payable under the Policies shall be paid or remitted by or on behalf of Policyowners directly to United Investors or its designated servicing agent and shall become the exclusive property of United Investors. United Investors will retain all such payments and monies except to the extent such payments and monies are allocated to the Variable Account.

Underwriter. (a) United Investors grants to W&R the right, during the term of this Agreement, subject to the registration requirements of the Securities Act and the Investment Company Act and the provisions of the Exchange Act, to be the distributor and principal underwriter of the Policies. W&R agrees to use its best efforts to distribute the Policies, and to undertake to provide sales services relative to the Policies and otherwise to perform all duties and functions necessary and proper for the distribution of the Policies. (b) To the extent necessary to offer the Policies, W&R shall be duly registered or otherwise qualified under the securities laws of any state or other jurisdiction. Any sales representatives of W&R soliciting applications for the Policies shall by be duly and appropriately licensed, registered or otherwise qualified for the sale of such Policies under the federal securities laws, any applicable insurance laws and securities laws of each state or other jurisdiction in which such policies Policies may lawfully be sold and in which United Investors is licensed to sell Policies. Such direct sales representatives of W&R shall be independent contractors. W&R shall be responsible for the training, supervision, and control of its representatives for the purposes of the NASD Rules of Fair Practice and federal and state securities law requirements applicable in connection with the offering and sale of the Policies. In this connection, W&R shall retain maintain written supervisory procedures in compliance with NASD Rules of Fair Practice, Section 27, Paragraph 2177. (c) W&R agrees to offer the Polices Policies for sale in accordance with the prospectus therefor filed with the Securities and Exchange Commission ("Commission") then in effect. W&R is not authorized to give any information or to make any representations concerning the Policies other than those contained in such current prospectus or in such sales literature as may be authorized by United Investors. (d) All purchase payments made or other monies payable under the Policies shall be paid or remitted by or on behalf of Policyowners directly to United Investors or its designated servicing agent and shall become the exclusive property of United Investors. United Investors will retain all such payments and monies except to the extent such payments and monies are allocated to the Variable AccountAccounts.

Underwriter. (a) United Investors First Charter grants to W&R CNL the exclusive right, during the term of this Agreement, subject to the registration requirements of the Securities Act of 1933 and the Investment Company Act and the provisions of the Securities Exchange Act, to be the distributor and principal underwriter of the PoliciesContracts. W&R CNL agrees to use its best efforts to distribute the PoliciesContracts, and to undertake to provide sales services relative to the Policies Contracts and otherwise to perform all duties and functions necessary and proper for the distribution of the PoliciesContracts. (b) To the extent necessary to offer the PoliciesContracts, W&R CNL shall be duly registered or otherwise qualified under the securities laws of any state or other jurisdiction. Any The sales representatives of W&R CNL soliciting applications for the Policies Contracts shall by be duly and appropriately licensed, registered or otherwise qualified for the sale of such Policies Contracts (and the riders offered in connection therewith, if any) under the federal securities laws, any applicable state insurance laws and securities laws of each state or other jurisdiction in which such policies contracts may lawfully be sold and in which United Investors First Charter is licensed to sell PoliciesContracts. Such direct sales representatives of W&R shall be independent contractors. W&R CNL shall be responsible for the training, supervision, and control of its representatives for the purposes of the NASD Rules of Fair Practice and federal and state securities law requirements applicable in connection with the offering and sale of the Policies. In this connection, W&R shall retain written supervisory procedures in compliance with NASD Rules of Fair Practice, Section 27, Paragraph 2177. (c) W&R CNL agrees to offer the Polices Contracts for sale in accordance with the prospectus prospectuses therefor filed with the Securities and Exchange Commission ("Commission") then in effect. W&R CNL is not authorized to give any information or to make any representations concerning the Policies Contracts other than those contained in such current prospectus or in such sales literature as may be authorized by United InvestorsFirst Charter. (d) All all purchase payments made or other monies payable under the Policies Contracts shall be paid or remitted by or on behalf of Policyowners Contract Owners directly to United Investors First Charter or its designated servicing agent and shall become the exclusive property of United InvestorsFirst Charter. United Investors First Charter will retain all such payments and monies except to the extent such payments and monies are allocated to the Variable Account.

Underwriter. (a) United Investors grants to W&R the right, during the term of this Agreement, subject to the registration requirements of the Securities Act and the Investment Company Act and the provisions of the Exchange Act, to be the distributor and principal underwriter of the Policies. W&R agrees to use its best efforts to distribute the Policies, and to undertake to provide sales services relative to the Policies and otherwise to perform all duties and functions necessary and proper for the distribution of the Policies. (b) To the extent necessary to offer the Policies, W&R shall be duly registered or otherwise qualified under the securities laws of any state or other jurisdiction. Any sales representatives of W&R soliciting applications for the Policies shall by be duly and appropriately licensed, registered or otherwise qualified for the sale of such Policies under the federal securities laws, any applicable insurance laws and securities laws of each state or other jurisdiction in which such policies may lawfully be sold and in which United Investors is licensed to sell Policies. Such direct sales representatives of W&R shall be independent contractors. W&R shall be responsible for the training, supervision, and control of its representatives for the purposes of the NASD Rules of Fair Practice and federal and state securities law requirements applicable in connection with the offering and sale of the Policies. In this connection, W&R shall retain written supervisory procedures in compliance with NASD Rules of Fair Practice, Section 27, Paragraph 2177. (c) W&R agrees to offer the Polices Policies for sale in accordance with the prospectus therefor therefore filed with the Securities and Exchange Commission ("Commission") then in effect. W&R is not authorized to give any information or to make any representations concerning the Policies other than those contained informationor in such current prospectus or in such sales literature as may be authorized by United Investors. (d) All purchase premium payments made or other monies payable under the Policies shall be paid or remitted by or on behalf of Policyowners directly to United Investors or its designated servicing agent and shall become the exclusive property of United Investors. United Investors will retain all such payments and monies except to the extent such payments and monies are allocated to the Variable Account.