PROHIBITION AGAINST REBATES. General Agent and Broker-Dealer shall not, and shall cause the Agents not to, rebate, offer to rebate or withhold any part of any payments due on the Contracts. If General Agent, Broker-Dealer or any Agent shall at any time induce or endeavor to induce any owner of any Contract to discontinue payments or to relinquish any such Contract, except under circumstances where there is reasonable grounds for believing the Contract is not suitable for such person, The Company shall forthwith cease paying any and all compensation that would otherwise be due General Agent or Broker-Dealer under this Agreement.
Appears in 10 contracts
Samples: Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Agreement (John Hancock Life Insurance Co of New York Separate Account B), Agreement (John Hancock Life Insurance Co of New York Separate Account B)
PROHIBITION AGAINST REBATES. General Agent and Broker-Dealer shall not, and shall cause the Agents not to, rebate, offer to rebate or withhold any part of any payments due on the Contracts. If General Agent, Broker-Dealer or any Agent shall at any time induce or endeavor to induce any owner of any Contract to discontinue payments or to relinquish any such Contract, except under circumstances where there is reasonable grounds for believing the Contract is not suitable for such person, The Company Manulife USA shall forthwith cease paying any and all compensation that would otherwise be due General Agent or Broker-Dealer under this Agreement.
Appears in 4 contracts
Samples: Selling Agreement (Manufacturers Life Insurance Co Usa Separate Account H), Selling Agreement (Manufacturers Life Insurance Co Usa Separate Account H), Selling Agreement (Manufacturers Life Insurance Co Usa Separate Account H)
