Thrivent Investment Mgt is hereby authorized to enter into separate written agreements, on such terms and conditions as Thrivent Investment Mgt. may determine not inconsistent with this Agreement, with one or more registered representatives who agree to participate in the distribution of Contracts. Such registered representatives shall be registered as securities agents with the NASD. Thrivent Investment Mgt. and its registered representatives soliciting applications for Contracts shall also be duly and appropriately licensed, registered or otherwise qualified for the sale of such Contracts (and the riders and other policies offered in connection therewith) under the insurance laws and any applicable securities laws of each state or other jurisdiction in which Thrivent Financial is authorized to offer the Contracts. Thrivent Investment Mgt. shall have the responsibility of ensuring that its registered representatives are properly supervised. . Supervision shall include, but not be limited to, the following matters: acceptance of new business; suitability determinations (as made in accordance with NASD rules, SEC or other regulatory authority’s rules and regulations); training, supervision and sales practices; books and records requirements; approval and use of all advertising, sales literature and broker-dealer only materials; confirmation content and delivery; payment of commissions; and compliance with the written supervisory procedures of Thrivent Investment Mgt.
Thrivent Investment Mgt and Thrivent Financial agree to cooperate fully in any insurance regulatory investigation, proceeding or judicial proceeding arising in connection with the Contracts distributed under this Agreement. Thrivent Investment Mgt. and Thrivent Financial further agree to cooperate fully in any securities regulatory investigation, proceeding or judicial proceeding with respect to Thrivent Financial, Thrivent Investment Mgt., their affiliates and their agents or representatives to the extent that such investigation or proceeding is in connection with Contracts distributed under this Agreement. Thrivent Investment Mgt. shall furnish applicable federal and state regulatory authorities with any information or reports in connection with its services under this Agreement which such authorities may request in order to ascertain whether the Thrivent Financial’s operations are being conducted in a manner consistent with any applicable law or regulation.
Thrivent Investment Mgt shall have the responsibility of maintaining the records of representatives licensed, registered and otherwise qualified to sell the Contracts. Thrivent Investment Mgt. shall maintain such other records as are required of it by applicable laws and regulations, except those records that Thrivent Financial maintains as a convenience to Thrivent Investment Mgt.. The books, accounts and records of Thrivent Financial, the Variable Account and Thrivent Investment Mgt. shall be maintained so as to clearly and accurately disclose the nature and details of the transactions. All records maintained by Thrivent Investment Mgt. or in connection with this Agreement shall be the property of Thrivent Financial and shall be returned to Thrivent Financial upon termination of this Agreement, free from any claims or retention of rights by Thrivent Investment Mgt.. Thrivent Investment Mgt. shall keep confidential any information obtained pursuant to this Agreement and shall disclose such information, only if Thrivent Financial has authorized such disclosure, or if such disclosure is expressly required by applicable federal or state regulatory authorities.
Thrivent Investment Mgt is hereby authorized to make the Contracts available to Selling Firms and their registered representatives for sale to the public. As such, Thrivent Investment Mgt. is authorized to enter into selling and supervision agreements, on such terms and conditions as Thrivent Investment Mgt. determines are not inconsistent with this Agreement (“Selling Agreement(s)”) with Selling Firms authorizing them to sell the Contracts to members and potential members appropriately suited to buy such Contracts as specified in the applicable Prospectus.
Thrivent Investment Mgt shall continue to maintain any systems, programs or other infrastructure and will make them available to the receiver or Commissioner for so long as Thrivent Investment Mgt. continues to receive timely payments from Thrivent Financial for services.
Thrivent Investment Mgt is hereby authorized to enter into separate written agreements, on such terms and conditions as Thrivent Investment Mgt. may determine not inconsistent with this Agreement, with one or more registered representatives who agree to participate in the distribution of Contracts. Such registered representatives shall be registered as securities agents with the NASD. Thrivent Investment Mgt. and its registered representatives soliciting applications for Contracts shall also be duly and appropriately licensed, registered or otherwise qualified for the sale of such Contracts (and the riders and other policies offered in connection therewith) under the insurance laws and any applicable securities laws of each state or other jurisdiction in which LBVIP is authorized to offer the Contracts. Thrivent Investment Mgt. shall have the responsibility for ensuring that its registered representatives are properly supervised. Thrivent Investment Mgt. shall assume any legal responsibilities of LBVIP for the acts, commissions or defalcations of such registered representatives insofar as they relate to the sale of the Contracts. Applications for Contracts solicited by Thrivent Investment Mgt. through its registered representatives shall be transmitted directly to LBVIP. All premium payments under the Contracts shall be made by check to LBVIP and, if received by Thrivent Investment Mgt., shall be held at all times in a fiduciary capacity and remitted promptly to LBVIP.
Thrivent Investment Mgt and LBVIP agree to cooperate fully in any insurance regulatory investigation, proceeding or judicial proceeding arising in connection with the Contracts distributed under this Agreement. Thrivent Investment Mgt. and LBVIP further agree to cooperate fully in any securities regulatory investigation, proceeding or judicial proceeding with respect to LBVIP, Thrivent Investment Mgt., their affiliates and their agents or representatives to the extent that such investigation or proceeding is in connection with Contracts distributed under this Agreement. Thrivent Investment Mgt. shall furnish applicable federal and state regulatory authorities with any information or reports in connection with its services under this Agreement which such authorities may request in order to ascertain whether the LBVIP's operations are being conducted in a manner consistent with any applicable law or regulation.
