Right to Approve. PEPCO shall not print, publish or distribute any advertisement, circular or any document relating to the Contracts or relating to PHL Variable unless such advertisement, circular or document shall have been approved in writing by PHL Variable. Neither PHL Variable nor any of its agents or affiliates shall print, publish or distribute any advertisement, circular or any document relating to the Contracts or relating to PEPCO unless such advertisement, circular or document shall have been approved in writing by PEPCO. However, nothing herein shall prohibit any party from advertising annuities or life insurance in general or on a generic basis. Each party reserves the right to require modification of any such material to comply with applicable laws, rules and regulations and agrees to provide timely responses regarding material submitted to it by the other party.
Appears in 2 contracts
Sources: Underwriting Agreement (PHL Variable Insurance Co /Ct/), Underwriting Agreement (PHL Variable Accumulation Account)