Delivery of Contracts. If an Insurance Company sends a contract for a Product to a Producer, then Producers will assure that: (1) the contract is delivered to the purchaser no later than 5 business days after Producer's receipt of the contract, and (2) appropriate evidence of such delivery to the purchaser is maintained. Producers, in accordance with section 8 of this Agreement, shall be fully responsible for any and all losses and expenses incurred by an Insurance Company or Distributors as a result of Producers' failure to satisfy the obligations set forth in this section.
Appears in 4 contracts
Samples: Massachusetts Mutual Variable Life Separate Account I, Massachusetts Mutual Variable Life Separate Account I, Massachusetts Mutual Variable Life Separate Account I
Delivery of Contracts. If an Insurance Company sends a contract for a Product to a Producer, then Producers will assure that: (1i) the contract is delivered to the purchaser no later than 5 business days after Producer's receipt of the contract, and (2ii) appropriate evidence of such delivery to the purchaser is maintained. Producers, in accordance with section Section 8 of this Agreement, shall be fully responsible for any and all losses and expenses incurred by an Insurance Company or Distributors as a result of Producers' failure to satisfy the obligations set forth in this section.
Appears in 1 contract
Samples: Dealer Agreement (Massachusetts Mutual Variable Life Separate Account I)
