Common use of Sale of the Contracts Clause in Contracts

Sale of the Contracts. The Company shall be responsible for the sale and marketing of the Contracts. Subject to Article II and Section 5.4, the Company shall provide Contracts, the Contracts' and Trust's Prospectuses, Contracts' and Trust's Statements of Additional Information, and all amendments or supplements to any of the foregoing to Contract Owners and prospective Contract Owners, all in material compliance accordance with federal and state laws. The Company shall, consistent with industry practice, use its best efforts to ensure that all persons offering the Contracts are duly licensed and registered under applicable insurance and securities laws. The Company shall ensure that procedures are in place that sales of the Contracts satisfy applicable suitability requirements under insurance and securities laws and regulations, including without limitation the rules of the NASD. The Company shall adopt and implement procedures reasonably designed to ensure that information concerning the Trust and the Distributor that is intended for use only by brokers or agents selling the Contracts (i.e., information that is not intended for distribution to Contract Owners or offerees) is so used.]

Appears in 5 contracts

Samples: Form of Participation Agreement (Life of Virginia Separate Account Ii), Form of Participation Agreement (Life of Virginia Separate Account Ii), Form of Participation Agreement (Life of Virginia Separate Account 4)

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Sale of the Contracts. The Company shall be responsible for the sale and an marketing of the Contracts. Subject to Article II and Section 5.4, the Company shall provide make available Contracts, the Contracts' and Trust's Prospectuses, Contracts' and Trust's Statements of Additional Information, and all amendments or supplements to any of the foregoing to Contract Owners and prospective Contract Owners, all in material compliance accordance with federal and state laws. The Company shall, shall consistent with industry practice, use its best reasonable efforts to ensure that all persons offering the Contracts are duly licensed and registered under applicable insurance and securities laws. The Company shall ensure ensue that procedures are in place that sales of the Contracts satisfy applicable suitability requirements under insurance and securities laws and an regulations, including without limitation the to rules of the NASD. The Company shall adopt and implement procedures reasonably designed to ensure that information concerning the Trust and the Distributor that is intended for use only by brokers or agents selling the Contracts (i.e., information that is not intended for distribution to Contract Owners or offerees) is so used.]

Appears in 1 contract

Samples: Participation Agreement (Ge Capital Life Separate Account Ii)

Sale of the Contracts. The Company shall be responsible for the sale and marketing of the Contracts. Subject to Article II and Section 5.4, the The Company shall provide make available Contracts, the Contracts' and Trust's Prospectuses, Contracts' and Trust's Statements of Additional Information, and all amendments or supplements to any of the foregoing to Contract Owners and prospective Contract Owners, all in material compliance accordance with federal and state laws. The Company shall, consistent with industry practice, use its best efforts to ensure that all persons offering the Contracts are duly licensed and registered under applicable insurance and securities laws. The Company shall ensure that procedures are in place that sales of the Contracts satisfy applicable suitability requirements under insurance and securities laws and regulations, including without limitation the rules of the NASD. The Company shall adopt and implement procedures reasonably designed to ensure that information concerning the Trust and the Distributor that is intended for use only by brokers or agents selling the Contracts (i.e., information that is not intended for distribution to Contract Owners or offerees) is so used.]

Appears in 1 contract

Samples: Participation Agreement (Farmers Annuity Separate Account A)

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Sale of the Contracts. The Company shall be responsible for the sale and marketing of the Contracts. Subject to Article II and Section 5.4, the Company shall provide make available Contracts, the Contracts' and Trust's Prospectuses, Contracts' and Trust's Statements of Additional Information, and all amendments or supplements to any of the foregoing to Contract Owners and prospective Contract Owners, all in material compliance accordance with federal and state laws. The Company shall, consistent with industry practice, use its best reasonable efforts to ensure that all persons offering the Contracts are duly licensed and registered under applicable insurance and securities laws. The Company shall ensure that procedures are in place that sales of the Contracts satisfy applicable suitability requirements under insurance and securities laws and regulations, including without limitation the rules of the NASD. The Company shall adopt and implement procedures reasonably designed to ensure that information concerning the Trust and the Distributor that is intended for use only by brokers or agents selling the Contracts (i.e., information that is not intended for distribution to Contract Owners or offerees) is so used.]

Appears in 1 contract

Samples: Participation Agreement (Ge Capital Life Separate Account Ii)

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