Marketing Organization definition
Examples of Marketing Organization in a sentence
Upon written notice to SBL by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SBL shall cease paying commissions and asset based commissions to Marketing Organization.
An Annuitization Fee will be paid to a Marketing Organization who secures from the Contract Owner (or his or her beneficiary) the proper forms and information to commence an immediate life contingent annuity option under the Contract and significantly assists the client and SBL in such settlement.
Marketing Organization shall insure that all of its Marketers comply with all such rules, laws, and regulations.
Marketing Organization shall be responsible for and shall pay all expenses Marketing Organization incurs in the performance of this Agreement.
There shall be no additional compensation or reimbursement to Marketing Organization for services performed or expenses incurred.
Upon written notice to SDI by the Contract Owner of termination of Marketing Organization, without designating a new marketing organization, SDI shall cease paying commissions and asset based commissions to Marketing Organization.
With respect to the sales of Variable Products, SBL will pay no compensation to Marketers; payment of compensation to Marketers, if any, will be made only pursuant to the terms of a separate written Agreement between the Marketing Organization and Marketer.
Marketing Organization shall indemnify and hold SBL harmless from any liability, loss, cost, claim or damaged caused by the negligence or misconduct of Marketing Organization, its affiliated insurance agency (if applicable), Marketers and/or either of their officers, directors and employees.
Any advance, loan, annualization of compensation, or extension of credit from SBL to Marketing Organization and to Marketers appointed by or assigned to Marketing Organization, or any loss or liability incurred by SBL as a result of the actions of Marketing Organization or its affiliated insurance agency (if applicable) shall constitute a general indebtedness of Marketing Organization to SBL.
Further, SBL may amend any Commission Schedule at any time by giving Marketing Organization written notice of such change.