Common use of Recommended Practice Clause in Contracts

Recommended Practice. (a) Insurers should review prefilings periodically (monthly) to verify compliance with conditions for prefiling. (b) Insurers should vigorously pursue approval (or acceptance for out-of-state filings) of prefiled cases after forms have been submitted to mitigate harm if forms are found not to comply with applicable requirements.

Appears in 1 contract

Sources: Funding Agreement

Recommended Practice. (a) Insurers should review prefilings pre-filings periodically (monthly) to verify compliance with conditions for prefilingpre-filing. (b) Insurers should vigorously pursue approval (or acceptance for out-of-state filings) of prefiled pre-filed cases after forms have been submitted to mitigate harm if forms are found not to comply with applicable requirements.

Appears in 1 contract

Sources: Separate Account Agreements