PROPERTY OF INSURER. All money payable in connection with any of the ------------------- Contracts, whether as premium, purchase payment or otherwise and whether paid by or on behalf of any contract owner or anyone else having an interest in the Contracts, is the property of the INSURER and shall be transmitted immediately in accordance with the administrative procedures of the INSURER without any deduction or offset for any reason including, but not limited to, any deduction or offset for compensation claimed by SELLING BROKER-DEALER or the AGENCY.
Appears in 3 contracts
Samples: Selling Agreement (Security Life Separate Account A1), Security Life Separate Account L1, Security Life Separate Account L1
PROPERTY OF INSURER. All money payable in connection with any of the ------------------- Contracts, whether as premium, purchase payment or otherwise and whether paid by or on behalf of any contract owner or anyone else having an interest in the Contracts, is the property of the INSURER and shall be transmitted immediately in accordance with the administrative procedures of the INSURER without any deduction or offset for any reason including, but not limited to, any deduction or offset for compensation claimed by SELLING BROKER-DEALER or the AGENCY.
Appears in 1 contract
