Common use of Written Agreements Clause in Contracts

Written Agreements. The parties acknowledge and agree that 1851 has or will have been joined as a party to the Cetera Selling Agreement effective as of the Effective Date. 1851 has authority, as and when instructed by FLIAC, to enter into written agreements with other broker-dealer firms whose registered representatives have been or shall be properly licensed under applicable federal and state laws and FINRA rules to sell registered insurance products, including variable annuity contracts and variable life policies, and appointed as life insurance agents of FLIAC. FLIAC shall pay all fees associated with the appointments of such selected representatives as insurance agents of FLIAC. Such agreements with broker-dealers shall provide that such broker-dealer shall cause applications to be solicited for the purchase of the New Contracts/Policies and/or shall provide servicing with respect to the Contracts/Policies (which agreement may be limited to the servicing of the Outstanding Contracts/Policies). Such agreements shall include such terms and conditions as 1851 may determine not inconsistent with this Agreement, provided, however, that any broker-dealer with whom 1851 enters into a written agreement must comply with the following terms which shall be included in all such agreements. The broker-dealer must: (a) be a registered broker-dealer under the 1934 Act and be a member of FINRA; and (b) agree that, in connection with the solicitation of applications for the purchase of the New Contracts/Policies and/or the provision of services to owners of the Contracts/Policies, the broker-dealer will in all respects conform to the requirements of all applicable state and federal laws and FINRA rules relating to the sale and/or servicing of the Contracts/Policies and will indemnify and hold harmless 1851 and FLIAC from any damage or expense of any nature whatsoever on account of the negligence, misconduct or wrongful act of such broker-dealer and any employee, representative or agent of such broker-dealer. In obtaining and entering into written agreements with broker-dealers, 1851 will in all respects conform to the requirements of all state and federal laws, and the FINRA rules.

Appears in 5 contracts

Samples: Principal Underwriting and Distribution Agreement (First Investors Life Variable Annuity Fund D), Principal Underwriting and Distribution Agreement (First Investors Life Separate Account E), Principal Underwriting and Distribution Agreement (First Investors Life Variable Annuity Fund C)

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Written Agreements. The parties acknowledge and agree that 1851 PEPCO has or will have been joined as a party to the Cetera Selling Agreement effective as of the Effective Date. 1851 has authority, as and when instructed by FLIAC, to enter into written agreements agreement with other broker-dealer firms whose registered representatives have been or shall be properly licensed under applicable federal and state laws and FINRA rules to sell registered insurance products, including variable annuity contracts and variable life policiesGRIS, and appointed as life insurance agents of FLIACPHLVIC. FLIAC PHLVIC shall pay all fees associated with the appointments of such selected representatives as insurance agents of FLIACPHLVIC. Such agreements with broker-dealers shall provide that such broker-dealer shall cause applications to be solicited for the purchase of the New Contracts/Policies and/or shall provide servicing with respect to the Contracts/Policies (which agreement may be limited to the servicing of the Outstanding Contracts/Policies). Such agreements shall include such terms and conditions as 1851 PEPCO may determine not inconsistent with this Agreement, provided, however, that any broker-dealer with whom 1851 enters PEPCO has entered into a written agreement must comply with the following terms which shall be included in all such agreements. The broker-dealer must: (a) be a registered broker-dealer under the 1934 Act and be a member of FINRA; and (b) agree that, in connection with the solicitation of applications for the purchase of the New Contracts/Policies and/or the provision of services to owners of the Contracts/Policies, the broker-dealer will in all respects conform to the requirements of all applicable state and federal laws and the Rules of Fair Practice of the FINRA rules relating to the sale and/or servicing of the Contracts/Policies and will indemnify and hold harmless 1851 PEPCO and FLIAC PHLVIC from any damage or expense of any nature whatsoever on account of the negligence, misconduct or wrongful act of such broker-dealer and any employee, representative or agent of such broker-dealer. In obtaining and entering into written agreements with broker-dealers, 1851 PEPCO will in all respects conform to the requirements of all state and federal lawslaw, and the FINRA rulesRules of Fair Practice of the FINRA.

Appears in 1 contract

Samples: Underwriting Agreement (PHL Variable Insurance Co /Ct/)

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Written Agreements. The parties acknowledge PEPCO has and agree that 1851 has or will have been joined as a party to the Cetera Selling Agreement effective as of the Effective Date. 1851 has authority, as and when instructed by FLIAC, to shall enter into written agreements with other broker-dealer firms whose registered representatives have been or shall be properly licensed under applicable federal and state laws and FINRA rules to sell registered securities and insurance products, products including variable annuity contracts and variable life policieslicensed if required, and appointed as life insurance agents of FLIACPHL Variable. FLIAC PHL Variable shall pay all fees associated with the appointments of such selected representatives as insurance agents of FLIACPHL Variable. Such agreements with broker-dealers shall provide that such broker-dealer shall cause applications to be solicited for the purchase of the New Contracts/Policies and/or shall provide servicing with respect to the Contracts/Policies (which agreement may be limited to the servicing of the Outstanding Contracts/Policies)Contract. Such agreements shall include such terms and conditions as 1851 PEPCO may determine not inconsistent with this Agreement, provided, however, that any broker-broker- dealer with whom 1851 enters PEPCO has entered into a written agreement must comply with the following terms which shall be included in all such agreements. The broker-dealer must: (a) be a registered broker-dealer under the 1934 Act and be a member of FINRAthe NASD; and and (b) agree that, in connection with the solicitation of applications for the purchase of the New Contracts/Policies and/or the provision of services to owners of the Contracts/PoliciesContract, the broker-dealer will in all respects conform to the requirements of all applicable state and federal laws and FINRA rules the Rules of Fair Practice of the NASD relating to the sale and/or servicing of the Contracts/Policies Contract and will indemnify and hold harmless 1851 PEPCO and FLIAC PHL Variable from any damage or expense of any nature whatsoever on account of the negligence, misconduct or wrongful act of such broker-dealer and or any employee, representative or agent of such broker-dealer. In obtaining and entering into written agreements with broker-dealers, 1851 PEPCO will in all respects conform to the requirements of all state and federal lawslaw, and the FINRA rulesRules of Fair Practice of the NASD.

Appears in 1 contract

Samples: Master Service and Distribution Compliance Agreement (PHL Variable Accumulation Account)

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