Suitability Certification Clause Samples
A suitability-certification clause requires one party to formally confirm that a product, service, or process meets certain standards or is appropriate for a specified purpose. Typically, this involves providing documentation or a written statement verifying compliance with relevant regulations, industry norms, or contractual requirements. For example, a supplier might certify that their materials are safe for use in manufacturing or that a software system meets security standards. The core function of this clause is to allocate responsibility and reduce risk by ensuring that only suitable and compliant goods or services are provided, thereby protecting the interests of the receiving party.
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Suitability Certification. To the extent required by Applicable Law ------------------------- and in accordance with Section 3.7, Broker hereby certifies, and shall hereafter annually certify in writing to MLIDC, to the following: With respect to the solicitation and sale of fixed and variable annuity Contracts offered by MLIDC and its Affiliates, Broker has in place a system to supervise recommendations made for the Contracts that is reasonably designed to achieve compliance with state insurance laws or regulations regarding suitability and, with respect to variable annuities, to comply with applicable FINRA Conduct Rules, including Rule 2310, regarding suitability. As part of this supervisory system Broker maintains written procedures and conducts periodic reviews of its records that are reasonably designed to achieve compliance with these requirements. Annual certificates shall be signed by an authorized senior officer or manager of the Broker with responsibility for overseeing annuity sales practices and who has a reasonable basis on which to make the certification on behalf of the Broker.
Suitability Certification. To the extent required by Applicable Law and in accordance with Section 3.7, Broker hereby certifies, and shall hereafter annually certify in writing to Principal Underwriter, to the following: Sales Agreement – 7-19 NY With respect to the solicitation and sale of fixed and variable annuity Contracts offered by Principal Underwriter and its Affiliates, Broker has in place a system to supervise recommendations made for the Contracts that is reasonably designed to achieve compliance with state insurance laws or regulations regarding suitability and, with respect to variable annuities, to comply with applicable FINRA Conduct Rules, including Rule 2310, regarding suitability. As part of this supervisory system Broker maintains written procedures and conducts periodic reviews of its records that are reasonably designed to achieve compliance with these requirements. Annual certificates shall be signed by an authorized senior officer or manager of the Broker with responsibility for overseeing annuity sales practices and who has a reasonable basis on which to make the certification on behalf of the Broker.
Suitability Certification. The Contractor shall submit a certification stating that the manufacturer’s authorized representative for the pumps has studied the scope of work, evaluated the conditions affecting these pumps, and certifies that they should be suitable for the application and should require no more than normal maintenance if not damaged or abused. The certification shall state that the proposed pumps are suitable for the application and will function as intended and will comply with all requirements of this scope of work, with the exception of those listed in the certification. The certification shall be signed by the manufacturers’ authorized representative. If the equipment is approved for use on these items and is found at any time to have unlisted exceptions, the City shall have the right to reject the equipment or require the Manufacturer to bring the equipment into compliance at no cost to the City.