Common use of Insurance Licensing Clause in 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. 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- 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. Broker-Dealer shall, at all times when performing its functions under this Agreementagreement, 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 the FINRA, pertaining to the appropriate relationship between a Broker- 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 paragraphparagraph (each, herein, "Agency") and 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 hereunderCompany.