Common use of Selling Agreements Clause in Contracts

Selling Agreements. INGAE is authorized to enter into separate written agreements, on such terms and conditions as INGAE determines are consistent with this Agreement, with such qualified entities which agree to participate as a general agent or broker/dealer, as appropriate, in the distribution of the Contracts and to use their best efforts to solicit applications for Contracts. Each such broker/dealer ("Broker/Dealer") shall be registered as a broker/dealer under the 1934 Act and shall be a member in good standing of the NASD. INGAE is responsible for ensuring that Broker/Dealer and its agents or representatives and general agents and sub-agents soliciting applications for Contracts shall be duly and appropriately licensed, registered and otherwise qualified for sale of the Contracts under the insurance laws and applicable securities laws of each state or jurisdiction in which such Contracts may lawfully be sold and in which ING Reliastar is authorized to sell such contracts. ING Reliastar shall undertake to appoint Broker/Dealer's qualified agents or representatives and general agents and sub-agents as life insurance agents of ING Reliastar, provided that ING Reliastar reserves the right to refuse to appoint any representative, agent, or sub-agent, or once appointed, to terminate such appointment. INGAE shall be responsible for ensuring that Broker/Dealer and general agents supervise their agents, representatives and sub-agents. INGAE is authorized to enter into separate written agreements on such terms and conditions as INGAE determines are consistent with this agreement with such entities that agree to participate in the distribution of the Contracts and will use its best efforts to solicit Broker/Dealers and general agents who will in turn solicit applications of the Contracts ("Wholesalers").

Appears in 3 contracts

Samples: Reliastar Select Life Variable Account, Reliastar Select Life Variable Account, Reliastar Select Life Variable Account

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Selling Agreements. INGAE is authorized to enter into separate written agreements, on such terms and conditions as INGAE determines are consistent with this Agreement, with such qualified entities which agree to participate as a general agent or broker/dealer, as appropriate, in the distribution of the Contracts and to use their best efforts to solicit applications for Contracts. Each such broker/dealer ("Broker/Dealer") shall be registered as a broker/dealer under the 1934 Act and shall be a member in good standing of the NASD. INGAE is responsible for ensuring that Broker/Dealer and its agents or representatives and general agents and sub-agents soliciting applications for Contracts shall be duly and appropriately licensed, registered and otherwise qualified for sale of the Contracts under the insurance laws and applicable securities laws of each state or jurisdiction in which such Contracts may lawfully be sold and in which ING Reliastar NY is authorized to sell such contracts. ING Reliastar NY shall undertake to appoint Broker/Dealer's qualified agents or representatives and general agents and sub-agents as life insurance agents of ING ReliastarReliastar NY, provided that ING Reliastar NY reserves the right to refuse to appoint any representative, agent, or sub-agent, or once appointed, to terminate such appointment. INGAE shall be responsible for ensuring that Broker/Dealer and general agents supervise their agents, representatives and sub-agents. INGAE is authorized to enter into separate written agreements on such terms and conditions as INGAE determines are consistent with this agreement with such entities that agree to participate in the distribution of the Contracts and will use its best efforts to solicit Broker/Dealers and general agents who will in turn solicit applications of the Contracts ("Wholesalers").

Appears in 2 contracts

Samples: Reliastar Life Ins Co of New York Var Life Sep Acct I, Reliastar Life Ins Co of New York Var Life Sep Acct I

Selling Agreements. INGAE is authorized to enter into separate written agreements, on such terms and conditions as INGAE determines are consistent with this Agreementagreement, with such qualified entities which agree to participate as a general agent or brokerBroker/dealerDealer, as appropriate, in the distribution of the Contracts contracts and to use their best efforts to solicit applications for Contracts. Each All such brokerBroker/dealer Dealers (hereinafter a "Broker/Dealer") shall be registered as a brokerBroker/dealer Dealer under the 1934 Act and shall be a member in good standing of the NASD. INGAE is responsible for ensuring that Broker/Dealer and its agents or representatives and general agents and sub-agents soliciting applications for Contracts shall be duly and appropriately licensed, registered and otherwise qualified for sale of the Contracts under the insurance laws and applicable securities laws of each state or jurisdiction in which such Contracts may lawfully be sold and in which ING Reliastar Southland is authorized to sell such contracts. ING Reliastar Southland shall undertake to appoint Broker/Dealer's qualified agents or representatives and general agents and sub-agents as life insurance agents of ING ReliastarSouthland, provided that ING Reliastar Southland reserves the right to refuse to appoint any representative, agent, or sub-agent, or are once appointed, to terminate such appointment. INGAE shall be responsible for ensuring that Broker/Dealer and general agents supervise their its agents, representatives and sub-agents. INGAE is authorized to enter into separate written agreements on such terms and conditions as INGAE determines are consistent with this agreement with such entities that agree to participate in the distribution of the Contracts and will use its their best efforts to solicit Broker/Dealers and general agents who will in turn solicit applications of the Contracts (the "Wholesalers").

Appears in 1 contract

Samples: Insurance Company Distribution Agreement (Southland Separate Account L1)

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Selling Agreements. INGAE is authorized to enter into separate written agreements, on such terms and conditions as INGAE determines are consistent with this Agreement, with such qualified entities which agree to participate as a general agent or broker/dealer, as appropriate, in the distribution of the Contracts and to use their best efforts to solicit applications for Contracts. April 1, 2002 -1- Each such broker/dealer ("Broker/Dealer") shall be registered as a broker/dealer under the 1934 Act and shall be a member in good standing of the NASD. INGAE is responsible for ensuring that Broker/Dealer and its agents or representatives and general agents and sub-agents soliciting applications for Contracts shall be duly and appropriately licensed, registered and otherwise qualified for sale of the Contracts under the insurance laws and applicable securities laws of each state or jurisdiction in which such Contracts may lawfully be sold and in which ING Reliastar is authorized to sell such contracts. ING Reliastar shall undertake to appoint Broker/Dealer's qualified agents or representatives and general agents and sub-agents as life insurance agents of ING Reliastar, provided that ING Reliastar reserves the right to refuse to appoint any representative, agent, or sub-agent, or once appointed, to terminate such appointment. INGAE shall be responsible for ensuring that Broker/Dealer and general agents supervise their agents, representatives and sub-agents. INGAE is authorized to enter into separate written agreements on such terms and conditions as INGAE determines are consistent with this agreement with such entities that agree to participate in the distribution of the Contracts and will use its best efforts to solicit Broker/Dealers and general agents who will in turn solicit applications of the Contracts ("Wholesalers").

Appears in 1 contract

Samples: Reliastar Select Life Variable Account

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