PRINCIPAL UNDERWRITER'S AGREEMENT
IT IS HEREBY AGREED by and between ALLIANZ LIFE INSURANCE COMPANY OF NORTH
AMERICA ("INSURANCE COMPANY") on behalf of NALAC VARIABLE ACCOUNT A (the
"Variable Account") and NALAC FINANCIAL PLANS, LLC ("PRINCIPAL UNDERWRITER") as
follows:
I
INSURANCE COMPANY proposes to issue and sell Individual Single Premium
Variable Life and Flexible Premium Variable Life Insurance Policies (the
"Policies") to the public through PRINCIPAL UNDERWRITER. The PRINCIPAL
UNDERWRITER agrees to provide sales service subject to the terms and conditions
hereof. The Policies to be sold are more fully described in the registration
statement and the prospectuses hereinafter mentioned. Such Policies will be
issued by INSURANCE COMPANY through the Variable Account.
II
INSURANCE COMPANY grants PRINCIPAL UNDERWRITER the exclusive right, during
the term of this Agreement, subject to registration requirements of the
Securities Act of 1933 and the Investment Company Act of 1940 and the provisions
of the Securities Exchange Act of 1934, to be the distributor of the Policies
issued through the Variable Account. PRINCIPAL UNDERWRITER will sell the
Policies under such terms as set by INSURANCE COMPANY and will make such sales
to purchasers permitted to buy such Policies as specified in the prospectus.
III
PRINCIPAL UNDERWRITER agrees that it shall undertake as its own expense, to
perform all duties and functions which are necessary and proper for the
distribution of the Policies.
IV
PRINCIPAL UNDERWRITER shall be compensated for its distribution services
with respect to the Policies covered hereby to the extent necessary for
PRINCIPAL UNDERWRITER to meet its obligations pursuant to selling agreements
with approved broker/dealers.
V
On behalf of the Variable Account, INSURANCE COMPANY shall furnish
PRINCIPAL UNDERWRITER with copies of all prospectuses, financial statements and
other documents which PRINCIPAL UNDERWRITER reasonably requests for use in
connection with the distribution of the Policies. INSURANCE COMPANY shall
provide to PRINCIPAL UNDERWRITER such number of copies of the current effective
prospectus as PRINCIPAL UNDERWRITER shall request.
VI
PRINCIPAL UNDERWRITER is not authorized to give any information, or to make
any representations concerning the Policies or the Variable Account of INSURANCE
COMPANY other than those contained in the current registration statement or
prospectus filed with the Securities and Exchange Commission or such sales
literature as may be authorized by INSURANCE COMPANY.
VII
Both parties to this Agreement agree to keep the necessary records as
indicated by applicable state and federal law and to render the necessary
assistance to one another for the accurate and timely preparation of such
records.
VIII
This Agreement shall be effective upon the execution hereof and will remain
in effect unless terminated as hereinafter provided. This Agreement shall
automatically be terminated in the event of its assignment by PRINCIPAL
UNDERWRITER.
This Agreement may at any time be terminated by either party hereto upon 60
days' written notice to the other party.
IX
All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed to have been given on the date
of service if served personally on the party to whom notice is to be given, or
on the date of mailing if sent by First Class Mail, Registered or Certified,
postage prepaid and properly addressed.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
signed on their behalf by their respective officers thereunto duly authorized.
EXECUTED this 16th day of April, 1998.
INSURANCE COMPANY
ALLIANZ LIFE INSURANCE COMPANY OF
NORTH AMERICA
/s/ Xxxxxx X. Xxxxxxxx
BY: _____________________________
Xxxxxx X. Xxxxxxxx, President
/s/Xxxxxxx X. Xxxxxxxxxxx
ATTEST: _________________________________
Xxxxxxx X. Xxxxxxxxxxx, Secretary
PRINCIPAL UNDERWRITER
NALAC FINANCIAL PLANS, LLC
/s/ Xxxxxx X. Xxxxxxxx
BY: _____________________________
Xxxxxx X. Xxxxxxxx, President
/s/Xxxxxxx X. Xxxxxxxxxxx
ATTEST: _________________________________
Xxxxxxx X. Xxxxxxxxxxx, Secretary
