MLIC definition

MLIC means Metropolitan Life Insurance Company, an insurance company duly organized and existing under the insurance laws of the State of New York or any Person successor thereto.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

MLIC is defined in the addressee line to this Agreement.

MLIC shall have the meaning set forth in the first paragraph hereof.

Examples of MLIC in a sentence

• MLIC shall furnish to CBSI copies of prospectuses, financial statements and other documents which CBSI reasonably requests for use in connection with the solicitation, sale and distribution of the Registered Annuity Products.

• On behalf of CBSI and acting as agent for CBSI, MLIC shall confirm all transactions required to be confirmed in the form and manner required by the 1934 Act, any regulations thereunder, and any FINRA rules.

• CBSI agrees to provide a report to MLIC upon request, certifying that CBSI is in compliance with items (a) through (c) above.

• CBSI understands and acknowledges that MLIC may conduct an inspection and/or audit of CBSI on a periodic basis to ensure compliance with items (a) through (c) above, and CBSI agrees to make reasonable accommodation to MLIC to enable MLIC to inspect documents directly related to the sale and suitability of any Registered Annuity Product, which documents CBSI shall be responsible for maintaining.

• CBSI is not authorized to give any information or to make any representations concerning the Registered Annuity Products of MLIC other than the statements contained in the current registration statement filed with the Securities and Exchange Commission or such sales literature as may be authorized by MLIC.

• Except as set forth above, MLIC shall maintain and hold, on behalf of and as agent for CBSI, those records pertaining to Registered Annuity Products required to be maintained and preserved by the 1934 Act, any regulations thereunder, and any applicable FINRA rules.

• CBSI is registered as a broker-dealer under the Securities Exchange Act of 1934 (the “1934 Act”) and has secured and will maintain authorizations, licenses, qualifications, and permits necessary to perform its obligations under this Agreement in those states requested by MLIC.

• MLIC shall maintain oversight for the actions taken by CBSI hereunder.

• As compensation for services to be performed pursuant to this Agreement, MLIC shall pay CBSI the amounts specified in Exhibit A in the manner set forth in such Exhibit.

• Also, each registered representative selling the Registered Annuity Products and at least one registered principal shall be properly licensed as an insurance agent of MLIC.

More Definitions of MLIC

MLIC has the meaning set forth in the preamble.

MLIC means Metropolitan Life Insurance Company, a New York stock life insurance company.

MLIC or the “Company”) (collectively, the “Parties” and each individually a “Party” to this Agreement). The Parties hereby stipulate and agree that discovery in the above- captioned civil action (the “Action”) will require production of documents and information that one or both of the Parties regards as containing sensitive and non-public business information, financial information, personnel information, personal information, trade secrets, and/or other confidential information. Disclosure of this information to the general public would be prejudicial to the Parties, and litigation over claims of confidentiality would unduly consume the resources and time of the Court and Parties.

MLIC. Macau Life Insurance Company Limited, a company incorporated in Macau and an indirect non-wholly owned subsidiary of DSFH as at the date of this announcement

MLIC. Macau Life Insurance Company Limited, a company incorporated in Macau and an indirect non-wholly owned subsidiary of the Company as at the date of this announcement “OCI” the Office of the Commissioner of Insurance of Hong Kong or its successor body “Pensions Business” the pensions fund management services business currently undertaken by MLIC in Macau “Pensions Business Transfer Agreement” the agreement proposed to be entered into which deals with the transfer of the Pensions Business from MLIC to a company to be designated by MIC

MLIC. Macau Life Insurance Company Limited, which ceased to be subsidiary of DSFH after it was sold by DSFH to Tahoe Investment Group Co., Ltd. on 9 November 2017, and has been subsequently renamed as Tahoe Life Insurance Company (Macau) Limited