Common use of Suspension/Restriction Clause in Contracts

Suspension/Restriction. Insurance Company may, at its sole discretion, suspend or restrict in any manner the sale or method of distribution of all or any of the Plans, including sales by all or any individuals licensed to sell Insurance Company’s products. If any suspension or restriction is required by any regulatory authority having appropriate jurisdiction, written notice shall be given to 1851 immediately upon receipt by Insurance Company of notice of such required suspension or restriction.

Appears in 26 contracts

Samples: Principal Underwriting Agreement (Delaware Life Ny Variable Account B), Principal Underwriting Agreement (Delaware Life Ny Variable Account C), Principal Underwriting Agreement (Delaware Life Ny Variable Account D)

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Suspension/Restriction. Insurance Company may, at its sole discretion, suspend or restrict in any manner the sale or method of distribution of all or any of the Plans, including sales by all or any individuals licensed to sell Insurance Company’s 's products. If any suspension or restriction is required by any regulatory authority having appropriate jurisdiction, written notice shall be given to 1851 Clarendon immediately upon receipt by Insurance Company of notice of such required suspension or restriction.

Appears in 1 contract

Samples: Principal Underwriter's Agreement (Sun Life Ny Variable Account D)

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Suspension/Restriction. Insurance Company may, at its sole discretion, suspend or restrict in any manner the sale or method of distribution of all or any of the Plans, including sales by all or any individuals licensed to sell Insurance Company’s products. If any suspension or restriction is required by any regulatory authority having appropriate jurisdiction, written notice shall be given to 1851 Clarendon immediately upon receipt by Insurance Company of notice of such required suspension or restriction.

Appears in 1 contract

Samples: Principal Underwriter’s Agreement (Sun Life N Y Variable Account C)

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