SALE OF VARIABLE CONTRACTS. a. General Agent agrees that each Agent who sells Variable Contracts will be a registered representative of Broker/Dealer (for purposes of this section, "Registered Representative") with the National Association of Securities Dealers Inc. (the "NASD") before the Agent engages in the offer and sale of Variable Contracts. Broker/Dealer shall certify the status of each Registered Representative's qualifications to Nationwide's satisfaction and shall notify Nationwide if any such person ceases to be a Registered Representative of Broker/Dealer.
Appears in 3 contracts
Sources: General Agent Agreement (Nationwide Vli Separate Account 5), General Agent Agreement (Nationwide Vli Separate Account 5), General Agent Agreement (Nationwide Va Separate Account-D)
SALE OF VARIABLE CONTRACTS. a. General Agent agrees that each Agent who sells Variable Contracts will be a registered representative of Broker/Dealer (for purposes of this section, "Registered Representative") with the National Association of Securities Dealers Inc. (the "NASDNDAS") before the Agent engages in into the offer and sale of Variable Contracts. Broker/Dealer shall certify the status of each Registered Representative's qualifications to Nationwide's satisfaction and shall notify Nationwide if any such person ceases to be a Registered Representative of Broker/Dealer.
Appears in 1 contract
Sources: General Agent Agreement (Waddell & Reed Financial Inc)