Written Agreements. PEPCO has and shall enter into written agreements with broker-dealer firms whose registered representatives have been or shall be properly licensed under applicable federal and state laws and NASD rules to sell registered securities and insurance products, including variable annuity contracts and variable life policies, and appointed as life insurance agents of Phoenix. Phoenix shall pay all fees associated with the appointments of such selected representatives as insurance agents of Phoenix. Such agreements with broker-dealers shall provide that such broker-dealer shall cause applications to be solicited for the purchase of the Contracts/Policies. Such agreements shall include such terms and conditions as PEPCO may determine not inconsistent with this Agreement, provided, however, that any broker-dealer with whom PEPCO has entered into a written agreement must comply with the following terms which shall be included in all such agreements. The broker-dealer must:
Appears in 12 contracts
Samples: Compliance Agreement (PHL Variable Accumulation Account), Compliance Agreement (Phoenix Life Variable Accumulation Account), Master Service and Distribution Compliance Agreement (PHL Variable Accumulation Account)
Written Agreements. PEPCO has and shall enter into written agreements with broker-dealer firms whose registered representatives have been or shall be properly licensed under applicable federal and state laws and NASD FINRA rules to sell registered securities and insurance products, including variable annuity contracts and variable life policies, and appointed as life insurance agents of Phoenix. Phoenix shall pay all fees associated with the appointments of such selected representatives as insurance agents of Phoenix. Such agreements with broker-dealers shall provide that such broker-dealer shall cause applications to be solicited for the purchase of the Contracts/Policies. Such agreements shall include such terms and conditions as PEPCO may determine not inconsistent with this Agreement, provided, however, that any broker-dealer with whom PEPCO has entered into a written agreement must comply with the following terms which shall be included in all such agreements. The broker-dealer must:
Appears in 2 contracts
Samples: Principal Underwriting and Distribution Agreement (Phoenix Life Variable Universal Life Account), Principal Underwriting and Distribution Agreement (Phlvic Variable Universal Life Account)
