Issuance and Administration of Contracts. Separate Account shall be responsible for issuing the Contracts and administering the Contracts and the Variable Account, provided, however, that Company shall have full responsibility for the securities activities of all persons employed by the Separate Account, engaged directly or indirectly in the Contract operations, and for the training, supervision and control of such persons to the extent of such activities.
Appears in 4 contracts
Samples: Underwriting Agreement (Continental Assurance Co Separate Account B), Underwriting Agreement (Continental Assurance Co Variable Life Separate Account), Underwriting Agreement (Valley Forge Life Insurance Co Variable Life Separate Accoun)
