GELAAC definition
Examples of GELAAC in a sentence
GELAAC shall also make commission and such other disbursements as may be requested by CBC, in connection with the operations of CBC, for the account and risk of CBC.
GELAAC agrees to maintain all required books of account and related financial records on behalf of CBC.
The Indemnified Person may not settle any action, investigation or proceeding without the consent of GELAAC, not to be unreasonably withheld.
An Indemnified Person shall give prompt written notice to GELAAC of any action, suit or proceeding commenced or threatened against the Indemnified Person.
All capitalized terms not otherwise defined herein will have the meanings set forth in the Standard Indenture Terms attached as Exhibit 4.1 to Registration Statement on Form S-3 (File No. 333-128718) filed with the Securities and Exchange Commission (the “Commission”) by GELAAC on September 30, 2005, as amended by Amendment No. 1 filed with the Commission on December 8, 2005.
Upon termination of this Agreement all authorizations, rights and obligations shall cease except (i) the obligation to settle accounts hereunder, including commissions due or to become due and payable on Contracts in effect at the time of termination or issued pursuant to applications received by GELAAC prior to termination, and (ii) the obligations contained in Paragraph 8 hereof.
Unless otherwise specified in the Accumulation Fund Schedule, GELAAC shall pay the Policyholder the Fund Balance on the Maturity Date.
GELAAC shall furnish CBC with copies of all prospectuses, statements of additional information, financial statements and other documents and materialswhich CBC reasonably requests for use in connection with the distribution of the Contracts.
Order dated March 22, 2004 from Texas Commissioner of Insurance approving (i) a Tax Allocation Agreement among GECA, GELAAC, PIC, GECLANY, FHL, First Colony, AML, JLIC, RL and Genworth; (ii) a Tax Matters Agreement among Genworth and participating life insurance companies; (iii) an amendment to a Tax Indemnification Agreement between PIC and GNA; and (iv) an Amended and Restated Investment Management and Services Agreement between PIC and GEAM, each as described in a Form D dated February 11, 2004.
In addition, GELAAC will maintain records of all sales commissions paid to registered representatives of CBC in connection with the sale of the Contracts.