MONITORING FOR MATERIAL IRRECONCILABLE CONFLICTS. SMFI agrees that its Board of Directors will monitor for the existence of any material irreconcilable conflict between the interests of the Participants in all separate accounts of life insurance companies utilizing SMFI ("Participating Insurance Companies"), including each Account, and participants in all qualified retirement and pension plans investing in SMFI ("Participating Plans"). LIFE COMPANY agrees to inform the Board of Directors of SMFI of the existence of or any potential for any such material irreconcilable conflict of which it is aware. The concept of a "material irreconcilable conflict" is not defined by the 1940 Act or the rules thereunder, but the Parties recognize that such a conflict may arise for a variety of reasons, including, without limitation:
Appears in 14 contracts
Samples: Participation Agreement (Carillon Account), Participation Agreement (First Ameritas Variable Annuity Separate Account), Participation Agreement (Ameritas Variable Life Insurance Co Separate Account V)
MONITORING FOR MATERIAL IRRECONCILABLE CONFLICTS. SMFI agrees that its Board of Directors will monitor for the existence of any material irreconcilable conflict between the interests of the Participants Contractholders in all separate accounts of life insurance companies utilizing SMFI ("“Participating Insurance Companies"”), including each Account, and participants in all qualified retirement and pension plans investing in SMFI ("“Participating Plans"”). LIFE COMPANY agrees to inform the Board of Directors of SMFI of the existence of or any potential for any such material irreconcilable conflict of which it is aware. The concept of a "“material irreconcilable conflict" ” is not defined by the 1940 Act or the rules thereunder, but the Parties recognize that such a conflict may arise for a variety of reasons, including, without limitation:
Appears in 3 contracts
Samples: Participation Agreement (KILICO Variable Annuity Separate Account - 3), Participation Agreement (Principal Life Insurance Co Variable Life Sep Account), Participation Agreement (KILICO Variable Annuity Separate Account - 3)
MONITORING FOR MATERIAL IRRECONCILABLE CONFLICTS. SMFI agrees that its Board of Directors will monitor for the existence of any material irreconcilable conflict between the interests of the Participants Contractholders in all separate accounts of life insurance companies utilizing SMFI ("Participating Insurance Companies"), including each Account, and participants in all qualified retirement and pension plans investing in SMFI ("Participating Plans"). LIFE COMPANY agrees to inform the Board of Directors of SMFI of the existence of or any potential for any such material irreconcilable conflict of which it is aware. The concept of a "material irreconcilable conflict" is not defined by the 1940 Act or the rules thereunder, but the Parties recognize that such a conflict may arise for a variety of reasons, including, without limitation:
Appears in 3 contracts
Samples: Participation Agreement (Phoenix Life & Annuity Variable Universal Life Account), Participation Agreement (Phoenix Life Variable Accumulation Account), Participation Agreement (Principal Life Insurance Co Variable Life Sep Account)
MONITORING FOR MATERIAL IRRECONCILABLE CONFLICTS. SMFI agrees that its Board of Directors will monitor for the existence of any material irreconcilable conflict between the interests of the Participants in all separate accounts of life insurance companies utilizing SMFI ("Participating Insurance Companies"), including each Account, and participants in all qualified retirement and pension plans investing in SMFI ("Participating Plans"). LIFE COMPANY INSURER agrees to inform the Board of Directors of SMFI of the existence of or any potential for any such material irreconcilable conflict of which it is aware. The concept of a "material irreconcilable conflict" is not defined by the 1940 Act or the rules thereunder, but the Parties recognize that such a conflict may arise for a variety of reasons, including, without limitation:
Appears in 1 contract
Samples: Administrative Services Agreement (Modern Woodmen of America Variable Annuity Account)
MONITORING FOR MATERIAL IRRECONCILABLE CONFLICTS. SMFI agrees that its Board of Directors will monitor for the existence of any material irreconcilable conflict between the interests of the Participants in all separate accounts of life insurance companies utilizing SMFI ("“Participating Insurance Companies"”), including each Account, and participants in all qualified retirement and pension plans investing in SMFI ("“Participating Plans"”). LIFE COMPANY agrees to inform the Board of Directors of SMFI of the existence of or any potential for any such material irreconcilable conflict of which it is aware. The concept of a "“material irreconcilable conflict" ” is not defined by the 1940 Act or the rules thereunder, but the Parties recognize that such a conflict may arise for a variety of reasons, including, without limitation:
Appears in 1 contract
Samples: Participation Agreement (WoodmenLife Variable Annuity Account)
MONITORING FOR MATERIAL IRRECONCILABLE CONFLICTS. SMFI agrees that its Board of Directors will monitor for the existence of any material irreconcilable conflict between the interests of the Participants Owners in all separate accounts of life insurance companies utilizing SMFI ("Participating Insurance Companies"), including each Account, and participants in all qualified retirement and pension plans investing in SMFI ("Participating Plans"). LIFE COMPANY agrees to inform the Board of Directors of SMFI of the existence of or any potential for any such material irreconcilable conflict of which it is aware. The concept of a "material irreconcilable conflict" is not defined by the 1940 Act or the rules thereunder, but the Parties recognize that such a conflict may arise for a variety of reasons, including, without limitation:
Appears in 1 contract
Samples: Participation Agreement (Symetra Separate Account Sl)
