AILIC definition

AILIC means Annuity Investors Life Insurance Company, an Ohio corporation.
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Examples of AILIC in a sentence

  • Producers shall cause all applications for Contracts to be made on application forms supplied by AILIC and all payments collected by Broker/Dealer or any Representative to be remitted promptly in full, together with such application forms and any other documentation, directly to AILIC at the address indicated on such application.

  • All applications are subject to acceptance or rejection by AILIC at its sole discretion.

  • Broker/Dealer is not authorized to: (a) alter any applications or Contracts, (b) collect or in any manner receive premiums from applicants in the form of checks, money orders or electronic funds transfers payable to any person or entity other than AILIC, (c) waive any forfeiture, (d) make any settlement of any claim or claims, or (e) perform any function other than as expressly authorized in the preceding paragraph.

  • Producers will cause the Representatives to be trained in the sale of the Contracts; Producers warrant that Representatives qualify under applicable federal and state laws to engage in the sale of the Contracts; and Producers will cause such Representatives to be registered representatives of Broker/Dealer before such Representatives engage in the solicitation of applications for the Contracts in jurisdictions where AILIC has authorized such solicitation.

  • Checks or money orders for Purchase Payments shall be drawn to the order of AILIC.

  • These commissions will be paid as a percentage of Purchase Payments received in cash and accepted by AILIC on applications obtained by the Representatives of Broker/Dealer provided a Contract is issued, delivered to and accepted by the applicant.

  • Any such amendments shall be in writing and shall apply to premiums received by AILIC after the effective date of such written notice.

  • Producers agree to remit in full to AILIC immediately upon receipt all Purchase Payments received on such applications, forms and any other required documentation obtained in respect to the Contracts.

  • Broker/Dealer shall be authorized to: (a) accept applications for Contracts, (b) receive for forwarding to AILIC the Purchase Payments paid in connection with any such applications, (c) deliver the Contracts issued to the applicants by AILIC, and (d) collect Purchase Payments for forwarding to AILIC as specifically directed by such applicants who have authorized Broker/Dealer to act on their behalf.

  • All notices hereunder are to be made in writing and shall be given: If to AILIC, to: Annuity Investors Life Insurance Company ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ Attention: General Counsel If to AAGS, to: AAG Securities, Inc.

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