Common use of Authorization of Selling Broker-Dealers Clause in Contracts

Authorization of Selling Broker-Dealers. Distributor will authorize Selling Broker-Dealers to solicit applications and premiums for the Contracts on a retail basis directly from purchasers who are their customers, subject to the provisions of this Agreement. Such authority shall be granted pursuant to Selling Agreements in the form attached hereto, with such modifications as Insurer and Distributor may agree upon from time to time. Insurer alone shall be responsible for appointing Selling Broker-Dealers and all Representatives of Selling Broker-Dealers selling the Contracts on their behalf as producers of Insurer in accordance with applicable State insurance law and for communicating to all Selling Broker-Dealers and their personnel, all policies and procedures applicable to them as such appointed producers of Insurer.

Appears in 13 contracts

Samples: Distribution Agreement (Variable Annuity 1 Series Account), Distribution Agreement (Coli Vul 2 Series Account), Distribution Agreement (Variable Annuity-2 Series Account)

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