Common use of SECURING Clause in Contracts

SECURING. APPLICATIONS All applications for Policies shall be made on application forms supplied by the Insurance Companies. Broker-Dealer will review all sales for suitability and all applications for completeness and correctness as to form. Broker-Dealer will not facilitate disruptive trading practices, including frequent or excessive market timing activity, and will not accept applications from individuals or entities known to the Broker-Dealer as having a history or intention of participating in such activities. Broker-Dealer will cause all complete and correct applications for suitable transactions to be promptly forwarded to the applicable Insurance Companies, together with any payments received with the applications, without deduction for compensation. The Insurance Companies reserve the right to reject any Policy application and return any payment made in connection with an application that is rejected. Policies issued on applications accepted by the Insurance Companies will be forwarded to the owner of the Policy ("Policyowner") in accordance with the administrative procedures of the respective Insurance Company.