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"offset": [2322, 2334]}, {"key": "the-variable-account", "type": "clause", "offset": [2335, 2355]}], "snippet": "(a) United Investors grants to W&R the right, during the term of this Agreement, subject to the registration requirements of the Securities Act and the Investment Company Act and the provisions of the Exchange Act, to be the distributor and principal underwriter of the Policies. W&R agrees to use its best efforts to distribute the Policies, and to undertake to provide sales services relative to the Policies and otherwise to perform all duties and functions necessary and proper for the distribution of the Policies.\n(b) To the extent necessary to offer the Policies, W&R shall be duly registered or otherwise qualified under the securities laws of any state or other jurisdiction. Any sales representatives of W&R soliciting applications for the Policies shall by duly and appropriately licensed, registered or otherwise qualified for the sale of such Policies under the federal securities laws, any applicable insurance laws and securities laws of each state or other jurisdiction in which such policies may lawfully be sold and in which United Investors is licensed to sell Policies. Such direct sales representatives of W&R shall be independent contractors. W&R shall be responsible for the training, supervision, and control of its representatives for the purposes of NASD Rules of Fair Practice and federal and state securities law requirements applicable in connection with the offering and sale of the Policies. In this connection, W&R shall retain written supervisory procedures in compliance with NASD Rules of Fair Practice, Section 27, Paragraph 2177.\n(c) W&R agrees to offer the Polices for sale accordance with the prospectus therefor filed with the Securities and Exchange Commission (\"Commission\") then in effect. W&R is not authorized to give any information or to make any representations concerning the Policies other than those contained in such current prospectus or in such sales literature as may be authorized by United Investors.\n(d) All purchase payments made or other monies payable under the Policies shall be paid or remitted by or on behalf of Policyowners directly to United Investors or its designated servicing agent and shall become the exclusive property of United Investors. United Investors will retain all such payments and monies except to the extent such payments and monies are allocated to the Variable Account.", "hash": "8e68ccac86b95858af004e6989877cba", "id": 5}, {"size": 10, "samples": [{"hash": "52VGul6dSUf", "uri": "/contracts/52VGul6dSUf#underwriter", "label": "Distribution Agreement (American Church Mortgage Co)", "score": 26.8494186401, "published": true}, {"hash": "fSnzvya4lQK", "uri": "/contracts/fSnzvya4lQK#underwriter", "label": "Distribution Agreement (American Church Mortgage Co)", "score": 26.7180023193, "published": true}, {"hash": "9mSjuFzXups", "uri": "/contracts/9mSjuFzXups#underwriter", "label": "Distribution Agreement (American Church Mortgage Co)", "score": 23.5995883942, "published": true}], "snippet_links": [{"key": "successors-in-interest", "type": "definition", "offset": [64, 86]}], "snippet": "American Investors Group, Inc., a Minnesota corporation, or its successors in interest.", "hash": "6cbf8865e82432da86c86db9ad7c385c", "id": 6}, {"size": 10, "samples": [{"hash": "9T9I4BwqBfv", "uri": "/contracts/9T9I4BwqBfv#underwriter", "label": "u.s. 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In the event of any such default which does not result in a termination of this Agreement, the U.S. Representatives, the Selling Shareholders or the Company shall have the right to postpone Closing Time or a Date of Delivery for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectuses or in any other documents or arrangements.", "hash": "f990e7b13c22ff26dca10a1d2dd9b6b6", "id": 7}, {"size": 9, "samples": [{"hash": "8yYB46YFvM9", "uri": "/contracts/8yYB46YFvM9#underwriter", "label": "Fund Participation Agreement (Separate Account a of Pacific Life & Annuity Co)", "score": 32.1245727539, "published": true}, {"hash": "5EM1wykBNlq", "uri": "/contracts/5EM1wykBNlq#underwriter", "label": "Fund Participation Agreement (Separate Account a of Pacific Life & Annuity Co)", "score": 32.1245727539, "published": true}, {"hash": "i7QCXUq0bP2", "uri": "/contracts/i7QCXUq0bP2#underwriter", "label": "Fund Participation Agreement (Separate Account a of Pacific Life Insurance Co)", "score": 31.8316230774, "published": true}], "snippet_links": [{"key": "schedule-a", "type": "definition", "offset": [0, 10]}], "snippet": "Schedule A", "hash": "02db4afcfc67e09ff56e225a46c4abfc", "id": 8}, {"size": 9, "samples": [{"hash": "8k07AIbA7aI", "uri": "/contracts/8k07AIbA7aI#underwriter", "label": "Administrative Services Agreement (Separate Account a of Pacific Life Insurance Co)", "score": 26.1765918732, "published": true}, {"hash": "kOySuR4FLZD", "uri": "/contracts/kOySuR4FLZD#underwriter", "label": "Administrative Services Agreement (Separate Account a of Pacific Life Insurance Co)", "score": 19.0, "published": true}, {"hash": "aGPkC9OFZMz", "uri": "/contracts/aGPkC9OFZMz#underwriter", "label": "Administrative Services Agreement (Separate Account a of Pacific Life & Annuity Co)", "score": 19.0, "published": true}], "snippet_links": [{"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [62, 100]}, {"key": "securities-exchange-act-of-1934", "type": "definition", "offset": [111, 142]}, {"key": "as-amended", "type": "definition", "offset": [144, 154]}, {"key": "a-member-in-good-standing", "type": "definition", "offset": [160, 185]}, {"key": "the-national-association", "type": "definition", "offset": [189, 213]}, {"key": "securities-dealers", "type": "clause", "offset": [217, 235]}, {"key": "principal-underwriter", "type": "definition", "offset": [255, 276]}, {"key": "shares-of-the-fund", "type": "clause", "offset": [284, 302]}, {"key": "the-agreement", "type": "clause", "offset": [309, 322]}, {"key": "references-to", "type": "definition", "offset": [324, 337]}, {"key": "effective-september", "type": "clause", "offset": [423, 442]}, {"key": "duties-and-obligations", "type": "clause", "offset": [545, 567]}, {"key": "after-the-effective-date", "type": "clause", "offset": [749, 773]}], "snippet": "BlackRock Distributors, Inc., a broker-dealer registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, and a member in good standing of the National Association of Securities Dealers, Inc., will act as principal underwriter of the shares of the Fund under the Agreement. References to \u201cFAM Distributors, Inc.\u201d or \u201cDistributors\u201d shall mean \u201cBlackRock Distributors, Inc.\u201d Effective September 29, 2006 (the \u201cEffective Date\u201d) BlackRock Distributors, Inc. assumed all of FAM Distributor\u2019s rights, duties and obligations arising under the Agreement. Insurer hereby expressly and absolutely releases FAM Distributors from all of their respective duties and obligations arising under the Agreement on or after the Effective Date.", "hash": "fdc1c81c2222dfc122da381f8a7e2bb0", "id": 9}, {"size": 8, "samples": [{"hash": "gLoAtdTHQah", "uri": "/contracts/gLoAtdTHQah#underwriter", "label": "Fund Participation Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One)", "score": 32.3237495422, "published": true}, {"hash": "dWmXHOZ4Hej", "uri": "/contracts/dWmXHOZ4Hej#underwriter", "label": "Participation Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One)", "score": 30.2922649384, "published": true}, {"hash": "XlUSpC8APC", "uri": "/contracts/XlUSpC8APC#underwriter", "label": "Participation Agreement (Talcott Resolution Life Insurance Co Separate Account Two)", "score": 30.2922649384, "published": true}], "snippet_links": [{"key": "references-to", "type": "definition", "offset": [0, 13]}], "snippet": "References to \"\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 Funds Distributors, Inc. and \"", "hash": "f779c88e00b0ec28c0e8d6827e2cab5a", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhR1bmRlcndyaXRlciMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 524, "children": [["life-of-virginia", "Life of Virginia"], ["managing-underwriter", "Managing Underwriter"], ["", ""], ["insurance", "Insurance"], ["indemnification-by-fimco", "Indemnification by FIMCO"]], "title": "Underwriter", "parents": [["definitions", "Definitions"], ["miscellaneous", "Miscellaneous"], ["registration-requirements", "Registration Requirements"], ["defined-terms", "Defined Terms"], ["insurance", "INSURANCE"]], "id": "underwriter", "related": [["underwriters", "Underwriters", "<strong>Underwriters</strong>"], ["offering-by-underwriter", "Offering by Underwriter", "Offering by <strong>Underwriter</strong>"], ["offering-by-underwriters", "Offering by Underwriters", "Offering by <strong>Underwriters</strong>"], ["underwriters-cutback", "Underwriter\u2019s Cutback", "<strong>Underwriter</strong>\u2019s Cutback"], ["issuer-directed-offering-no-underwriter", "Issuer-Directed Offering; No Underwriter", "Issuer-Directed Offering; No <strong>Underwriter</strong>"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00", "also_ask": ["What are the essential duties and liabilities that must be clearly defined for the underwriter?", "How can the indemnification and limitation of liability provisions be strategically negotiated?", "What are the most common fatal flaws in underwriter clauses that could expose parties to litigation?", "How do underwriter obligations in this clause compare to industry standards or regulatory requirements?", "What factors most influence a court\u2019s decision to enforce or invalidate an underwriter clause?"], "drafting_tip": "Define the underwriter's role precisely to avoid ambiguity; specify obligations and authority to ensure enforceability; identify the underwriter by name to prevent misidentification.", "explanation": "The Underwriter clause defines the role and responsibilities of the underwriter in a contractual agreement, typically in the context of insurance or securities offerings. It outlines the underwriter's duties, such as evaluating risk, setting terms, and potentially assuming financial liability for unsold shares or policies. For example, in an insurance contract, the underwriter assesses the risk of insuring a party, while in a securities offering, the underwriter may guarantee the sale of securities to investors. This clause ensures clarity regarding the underwriter's obligations and helps allocate risk between the parties involved."}, "json": true, "cursor": ""}}