Appointed Equitable Agent definition
Appointed Equitable Agent means a Qualified Agent who has been appointed as an agent of Equitable Financial for the sale of particular Products, and a “Sales Representative” shall mean a Registered Representative or Appointed Equitable Agent as the case may be. Each Sales Agreement with a Third Party General Agent shall obligate such party to apply for and maintain proper insurance licenses for itself and each of its Appointed Equitable Agents in all states and other jurisdictions in which applications for Products are to be solicited by such agent. Equitable Financial will appoint Qualified Agents recommended by the Distributor as Appointed Equitable Agents in all states and other jurisdictions in which such agent proposes to solicit applications for Products, provided that Equitable Financial reserves the right to refuse to appoint any proposed Third Party General Agent or individual agent recommended by the Distributor which Equitable Financial determines in its sole discretion to be unsatisfactory for appointment and, following written notice to the Distributor, to terminate, with or without cause, any such appointment thereafter. The Distributor shall provide oversight of Third Party General Agents as required by applicable state insurance laws.
Appointed Equitable Agent means a Qualified Agent who has been appointed as an agent of Equitable Life for the sale of particular Products, and a "Sales Representative" shall mean a Registered Representative or Appointed Equitable Agent, as the case may be. Each Sales Agreement with a Third Party General Agent shall obligate such party to apply for and maintain proper insurance licenses for itself and each of its Appointed Equitable Agents in all states and other jurisdictions in which applications for Products are to be solicited by such agent. Equitable Life will appoint Qualified Agents recommended by the Distributor as Appointed Equitable Agents in all states and other jurisdictions in which such agent proposes to solicit applications for Products, provided that Equitable Life reserves the right to refuse to appoint any Third Party General Agent or individual agent recommended by the Distributor which Equitable Life determines in its sole discretion to be unsatisfactory for appointment and, following written notice to the Distributor, to terminate any such appointment thereafter.