Solicitation Activities. All solicitation and sales activities engaged in by Distributor and its Representatives with respect to the Contracts shall be in compliance with all applicable federal and state securities laws and regulations, as well as all applicable insurance laws and regulations, and compliance manuals provided by AFLIC. In particular, without limiting the generality of the foregoing: (1) Distributor, along with appropriate AFLIC registered principals, shall train, supervise and be solely responsible for the conduct of Representatives in their solicitation of Applications and Premiums and distribution of the Contracts under the federal securities laws and the rules of the NASD, and shall supervise their compliance with, applicable rules and regulations of any securities regulatory agencies that have jurisdiction over variable insurance product activities. (2) Neither Distributor nor any Representative shall offer, attempt to offer, or solicit Applications for, the Contracts or deliver the Contracts, in any state or other jurisdiction unless AFLIC has notified Distributor that such Contracts may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice. (3) Neither Distributor nor any Representative shall give any information or make any representation in regard to a class of Contracts in connection with the offer or sale of such class of Contracts that is not in accordance with the Prospectus for such class of Contracts, or in current advertising materials for such class of Contracts authorized by AFLIC. (4) All Premiums paid by check that are collected by Distributor or any of its Representatives shall be remitted promptly, and in any event by noon of the next business day after receipt, together with any Applications, forms and any other required documentation, to AFLIC. Checks in payment of Premiums shall be drawn to the order of "American Family Life Insurance Company." If any Premium is held at any time by Distributor, Distributor shall hold such Premium in a fiduciary capacity and such Premium shall be remitted promptly, and in any event within two business days, to AFLIC. Distributor acknowledges that all such Premiums, whether by check or wire, shall be the property of AFLIC. Distributor acknowledges that AFLIC shall have the unconditional right to reject, in whole or in part, any Application or Premium.
Appears in 1 contract
Sources: Distribution Agreement (American Family Variable Account I)
Solicitation Activities. All solicitation and sales activities engaged in by Distributor ESI and its the ESI Representatives with respect to the Contracts Policies shall be in compliance with all applicable federal and state securities laws and regulationsregulations and FINRA rules, as well as all applicable insurance laws and regulations, regulations and compliance manuals provided by AFLICthe NLIC’s rules and procedures (to the extent not inconsistent with the foregoing). In particular, without limiting the generality of the foregoing:
(1) Distributor, along with appropriate AFLIC registered principals, shall train, supervise and be solely responsible for the conduct of Representatives in their solicitation of Applications and Premiums and distribution of the Contracts under the federal securities laws and the rules of the NASD, and shall supervise their compliance with, applicable rules and regulations of any securities regulatory agencies that have jurisdiction over variable insurance product activities.
(2) Neither Distributor ESI nor any ESI Representative shall offer, attempt to offer, or solicit Applications for, the Contracts or deliver the Contracts, Policies in any state or other jurisdiction unless AFLIC NLIC has notified Distributor ESI that such Contracts Policies may lawfully be sold or offered for sale in such state, and has not subsequently revised such notice.
(32) Neither Distributor ESI nor any ESI Representative shall give any information or make any representation in regard to a class of Contracts Policies in connection with the offer or sale of such class of Contracts Policies that is not in accordance with the Prospectus for such class of ContractsPolicies, or in the then-currently effective prospectus or statement of additional information for a Fund, or in current advertising materials for such class of Contracts Policies authorized by AFLICNLIC.
(43) All Premiums paid by check or money order that are collected by Distributor ESI or any of its Representatives shall be remitted promptly, and in any event by noon of the next business day after receipt, together with any Applications, forms and any other required documentation, to AFLICthe NLIC. Checks or money orders in payment of Premiums shall be drawn to the order of "American Family Life Insurance Company." the NLIC. If any Premium is held at any time by DistributorESI, Distributor ESI shall hold such Premium in a fiduciary capacity and such Premium shall be remitted promptly, and in any event within two business days, promptly to AFLICNLIC. Distributor ESI acknowledges that all such Premiums, whether by check check, money order, wire or wireotherwise, shall be the property of AFLICNLIC. Distributor ESI acknowledges that AFLIC NLIC shall have the unconditional right to reject, in whole or in part, any Application or Premium.
Appears in 1 contract
Sources: Distribution Agreement (National Variable Annuity Account Ii)