PREMIUM COLLECTION Broker. Dealer and Registered Representatives only have the authority to collect initial premiums except as specifically set forth in the applicable commission schedule. Unless previously authorized by Distributors, neither Broker-Dealer nor any of its Registered Representatives shall have any right to withhold or deduct any part of any premium it shall receive for purposes of payment of commission or otherwise.
Appears in 3 contracts
Samples: Broker Dealer Sales and Supervision Agreement (Icmg Registered Variable Life Separate Account One), Broker Dealer Sales and Supervision Agreement (Royal Life Insurance Co of America Separate Account Two), Broker Dealer Sales and Supervision Agreement (Alpine Life Insurance Co Seperate Account Two)
PREMIUM COLLECTION Broker. Dealer and Registered Representatives only have the authority to collect initial premiums except as specifically set forth in the applicable commission schedule. Unless previously authorized by DistributorsDistributor, neither Broker-Dealer nor any of its Registered Representatives shall have any right to withhold or deduct any part of any premium it shall receive for purposes of payment of commission or otherwise.
Appears in 1 contract
Samples: Broker Dealer Sales and Supervision Agreement (Icmg Registered Variable Life Separate Account One)
