AFLIC definition
Examples of AFLIC in a sentence
With respect to any books and records maintained or preserved on behalf of Distributor, AFLIC hereby undertakes to permit examination of such books and records at any time or from time to time during business hours by representatives or designees of the SEC, and to promptly furnish to the SEC or its designee true, correct, complete and current hard copy of any or all of any part of such books and records.
A successor by law of Distributor or AFLIC, as the case may be, shall be entitled to the benefits of the indemnification provisions contained in this Section 8.
Distributor acknowledges that AFLIC shall have the unconditional right to reject, in whole or in part, any Application or Premium.
Distributor shall not possess or exercise any authority on behalf of AFLIC other than that expressly conferred on Distributor by this Agreement.
To the extent AFLIC employs electronic storage media in connection with books and records created, maintained and stored on behalf of Distributor, AFLIC agrees to comply with the requirements set forth in Rule 17a-4(f)(3)(vii) and 17a-4(i).
Distributor shall not expend, nor contract for the expenditure of, the funds of AFLIC.
Without limiting the foregoing, AFLIC and Distributor shall notify each other promptly of any customer complaint or notice of any regulatory investigation or proceeding or judicial proceeding received by either party with respect to the Contracts.
In addition, AFLIC, as agent for Distributor, shall maintain and preserve such additional accounts, books and other records as are required of AFLIC and Distributor by the 1934 Act.
AFLIC shall maintain, as agent for Distributor, such books and records of Distributor pertaining to the offer and sale of the Contracts and required by the 1934 Act as may be mutually agreed upon by AFLIC and Distributor, including but not limited to maintaining a record of Representatives and of the payment of commissions and other payments or service fees to Representatives.
Subject to Distributor's approval, AFLIC reserves the right to delegate the duties set forth in this Section 6.b to a third party administrator mutually agreeable to both parties.