Common use of SALES PERSONS Clause in Contracts

SALES PERSONS. Associated Agency is authorized to recommend Sales Persons for appointment by USL to solicit sales of the Contracts. Associated Agency warrants that all such Sales Persons shall not commence solicitation nor aid, directly or indirectly, in the solicitation of any application for any Contract until that Sales Person is appropriately licensed for such product under applicable insurance laws and is a currently NASD registered representative of Selling Group Member. Associated Agency shall be responsible for all fees required to obtain and/or maintain any licenses or registrations required by state or federal law, for Associated Agency and its Sales Persons. From time to time, USL will provide Associated Agency and Selling Group Member with information regarding the jurisdictions in which USL is authorized to solicit applications for the Contracts and any limitations on the availability of such Contracts in any jurisdiction.

Appears in 2 contracts

Sources: Selling Group Agreement (U S Life Insurance Co in City of Ny Sep Act Usl Va-R), Selling Group Agreement (U S Life Insurance Co in City of Ny Sep Act Usl Va-R)