Insurance Licensing. Broker/Dealer (and, if appropriate, Selling Entities) agrees that at all times when performing its functions under this agreement, the entity on whose behalf agents and Registered Representatives act when soliciting sales of the Insurance Contracts, will have a valid insurance agency license in jurisdictions that require such licensing or registration. If applicable, Broker/Dealer represents that it, or its insurance agency affiliate, is properly authorized under applicable state law to receive insurance commissions generated from sales of the Insurance Contracts. Broker/Dealer and Selling Entities each represent that they will engage in the solicitation and sale of Insurance Contracts in accordance with applicable insurance and securities laws and regulations. Broker/Dealer represents and warrants that it is authorized and licensed as an agent under applicable state insurance laws to solicit the Insurance Contracts. In the event Broker/Dealer is not licensed as such, an insurance agency affiliated with Broker/Dealer shall be licensed as an agent under applicable state insurance laws to solicit the contracts of insurance contemplated hereunder. Such Selling Entity will be designated as a party to this Agreement.
Insurance Licensing. Broker/Dealer and Selling Entities represent that at all times when performing their functions under this agreement, each of them shall be validly licensed as an insurance agency in the states and other jurisdictions that require such licensing or registration in connection with sales or solicitation of the Insurance Policies. Broker/Dealer represents that the Selling Entities are properly authorized as required under applicable state law to receive insurance commissions generated from sales of the Insurance Policies.
Insurance Licensing. At all times while performing obligations under this Agreement and at its own expense, General Agent, and General Agent's Representatives, shall be validly licensed, including fees related to license issue, transfer and termination, as an insurance agency in the states and other local jurisdictions that require such licensing or registration in connection with General Agent's fixed and variable insurance sales activities, or shall maintain a validly licensed insurance agency subsidiary in those states in which General Agent cannot obtain a corporate agent's license.
Insurance Licensing. Wholesaler shall, at all times when performing its functions under this Agreement, be validly licensed as an insurance agent or agency in the states and other local jurisdictions that require such licensing or registration in connection with the Wholesaler's variable life insurance and variable annuity contract sales activities; or, in those states in which Wholesaler cannot or does not obtain a corporate agent's license, shall maintain an ownership interest in, or contractual relationship with, Agency, which shall be validly licensed as an insurance agency in such jurisdiction or jurisdictions. Such contractual relationship shall be set forth in an agreement substantially equivalent to that set forth as Exhibit B. Any personnel through which Wholesaler acts shall be licensed individually as required. Wholesaler shall provide Insurer with a list of all licensed insurance agencies relied upon by Wholesaler to comply with this paragraph and covenants to maintain the completeness and accuracy of such list, and to cause each such agency to become a signatory hereto.
Insurance Licensing. Dealer shall, at all times when performing its functions under this Agreement, be validly licensed as an insurance agent or agency in the states and other local jurisdictions that require such licensing or registration in connection with Dealer's offer and sale of the Variable Contracts; or, in those states in which Dealer cannot obtain a corporate insurance agent's license, Dealer shall maintain a contractual relationship with an agency which shall be validly licensed as an insurance agency, with variable insurance contract authority, in such jurisdiction or jurisdictions (the "Agency"). Dealer warrants that its contractual relationship with any such Agency is currently, and will continue, in compliance with any applicable rules or positions of the SEC or the NASD, or their respective staffs, as necessary to avoid registration by such Agency as a broker-dealer under the Securities Exchange Act of 1934 (the "1934 Act"), as amended, as a result of the activities of Dealer and such Agency in connection with the offer and sale of the Variable Contracts. Dealer shall provide Underwriter with a list of all Agencies relied upon by Dealer to comply with this paragraph and with evidence of their valid insurance licenses in the applicable jurisdictions, and Dealer hereby covenants to maintain the completeness and accuracy of such list. If required by the law of any state or jurisdiction where Dealer is not licensed as an insurance agency, commissions payable to Dealer hereunder shall be paid to the appropriate Agency, and Dealer hereby appoints Agency to receive on its behalf any and all such commissions.
Insurance Licensing. AUL shall undertake to appoint each Broker's qualified agents or representatives and general agent's sub-agents as life insurance agents of AUL, provided that AUL reserves the right to reasonably refuse to appoint any proposed agent, representative, or sub-agent, or once appointed, to terminate such appointment. AUL shall be responsible for ensuring that each Broker and its agent or representatives and general agent and its sub-agents meet all qualifications and hold any licenses or authorizations that may be required for the solicitation or sale of any Contracts under the insurance laws of the applicable jurisdictions.
Insurance Licensing. Company shall have the responsibility for ensuring that Broker and its agents or representatives are duly and appropriately licensed, registered, or otherwise qualified for the sale of Contracts and the riders offered in connection therewith, under the insurance laws and any applicable blue-sky laws of each state or other jurisdiction in which Company is licensed to sell the Contracts.
Insurance Licensing. Broker-Dealer shall, at all times when performing its functions under this Agreement, be validly licensed as an insurance agency in the states and other local jurisdictions that require such licensing or registration in connection with Broker-Dealer's variable or fixed insurance contract sales activities; or, in those states in which Broker-Dealer cannot or does not obtain a corporate agent's license, shall maintain a contractual relationship with an agency, which shall be validly licensed as an insurance agency in such jurisdiction or jurisdictions. Broker-Dealer represents that it is in full compliance with all applicable federal and state statutes, laws, regulations and SEC No-Action letters and any rules and regulations of FINRA, pertaining to the appropriate relationship between a Broker-Dealer and an insurance agency which are separate and distinct entities, not able to sell variable insurance products without entering into a contractual relationship as described herein. Broker-Dealer shall provide the Company with a list of all licensed insurance agencies relied upon by Broker-Dealer to comply with this paragraph, covenants to maintain the completeness and accuracy of such list, and shall cause each such agency to become appointed and contracted with the Company as an Agency hereunder.
Insurance Licensing. Selling Entities represent that at all times when performing their functions under this Agreement, each of them shall be validly licensed as an insurance agency in the states and other jurisdictions that require such licensing or registration in connection with sales or solicitation of the Products. Distributor represents that the Selling Entities are properly authorized as required under applicable state Law to receive insurance commissions generated from sales of the Products.
Insurance Licensing. Broker/Dealer (and if appropriate Insurance Selling Entities) agree that at all times when performing its functions under this agreement, the entity soliciting sales of the Insurance Policies will be validly licensed as an insurance agency in the states and other jurisdictions that require such licensing or registration in connection sales or solicitation of the Insurance Policies. If applicable, Broker/Dealer represents that it or its insurance agency affiliate is properly authorized under applicable state law to receive insurance commissions generated from sales of the Insurance Policies. Broker/Dealer and Selling Entities each represent that they are engaged in the issuance of the Insurance Policies in accordance with federal securities laws and the applicable insurance laws of those states in which the Insurance Policies have been qualified for sale. Broker/Dealer represents and warrants that it is authorized and licensed as an agent under applicable state insurance laws to solicit, negotiate and effect the contracts of insurance contemplated hereunder. In the event Broker/Dealer is not licensed as such, an insurance agency affiliated with Broker/Dealer shall be licensed as an agent under applicable state insurance laws to solicit, negotiate and effect the contracts of insurance contemplated hereunder.
