Common use of Group Accounts Clause in Contracts

Group Accounts. (i) Broker/Agent shall appropriately service all employee benefit (group) accounts “Group Accounts” that it solicits or existing accounts of LS that are assigned to Broker/Agent by LS. Broker/Agent has the absolute right to designate who will call upon and solicit applications from persons within Group Accounts. If the Group Account is assigned to Broker/Agent by LS (“Assigned Group Account”), then and in that event, Broker/Agent recognizes and acknowledges that membership sales from any such Assigned Group Account remains the sole property of LS. Broker/Agent may receive commissions for servicing and re-enrolling such Assigned Group Accounts, but Broker/Agent acknowledges that such Assigned Group Accounts remain the sole and exclusive property of LS. (ii) Broker/Agent or their designee will meet with representatives of all Group Accounts and Assigned Group Accounts on an as needed basis and will at least annually provide employees opportunity to enroll in current products being offered by LS. Further Broker/Agent shall immediately respond to all requests from Group Accounts and Assigned Group Accounts. Broker/Agent shall report to LS at least annually the status of all Group Accounts and will immediately notify LS of any change in status of an account. (iii) Broker/Agent acknowledges that any Group Account already offering LS plans through another entity even though Broker/Agent offers other benefits to the Group Account shall remain an account of the original entity unless the Group Account is not being serviced according to LS

Group Accounts. (i) Broker/Agent shall appropriately service all employee benefit (group) accounts “Group Accounts” that it solicits or existing accounts of LS that are assigned to Broker/Agent by LS. Broker/Agent has the absolute right to designate who will call upon and solicit applications from persons within Group Accounts. If the Group Account is assigned to Broker/Agent by LS (“Assigned Group Account”), then and in that event, Broker/Agent recognizes and acknowledges that membership sales from any such Assigned Group Account remains the sole property of LS. Broker/Agent may receive commissions for servicing and re-enrolling re‐enrolling such Assigned Group Accounts, but Broker/Agent acknowledges that such Assigned Group Accounts remain the sole and exclusive property of LS. (ii) Broker/Agent or their designee will meet with representatives of all Group Accounts and Assigned Group Accounts on an as needed basis and will at least annually provide employees opportunity to enroll in current products being offered by LS. Further Broker/Agent shall immediately respond to all requests from Group Accounts and Assigned Group Accounts. Broker/Agent shall report to LS at least annually the status of all Group Accounts and will immediately notify LS of any change in status of an account. (iii) Broker/Agent acknowledges that any Group Account already offering LS plans through another entity even though Broker/Agent offers other benefits to the Group Account shall remain an account of the original entity unless the Group Account is not being serviced according to LSLS Guidelines .