NELICO definition
Examples of NELICO in a sentence
On (i) ▇▇▇▇▇ ▇▇, ▇▇▇▇, ▇▇▇▇ entered into an investment management agreement with Brighthouse Reinsurance Company of Delaware (“BRCD”) to provide investment management services with respect to all of the assets of BRCD, and (ii) on November 1, 2017, Services and MLIA entered into an investment management agreement with respect certain retirement plans of NELICO (collectively, the “BRCD and OCIO Agreements”).
On (i) April 28, 2017, MIM entered into an investment management agreement with BRCD to provide investment management services with respect to all of the assets of BRCD (“Legacy BRCD Agreement”), and (ii) on November 1, 2017, Services and MIM entered into an investment management agreement with respect certain retirement plans of NELICO (the “OCIO Agreements”).
Dealer shall have the responsibility to train and supervise all agents appointed under this Agreement and shall indemnify and hold harmless the separate accounts, the eligible mutual funds and their directors and trustees, NES, and NELICO from any loss, claim, damage or expenses on account of any negligence, misconduct, breach of this Contract or wrongful act by Broker/Dealer, its employees, representatives, and agents in connection with the solicitation of Contracts.
On January 1, 2017, MLIA entered into investment management agreements with each of BLIC, BLICNY, NELICO, BHF, Services and BHS to provide investment management services with respect to all of the general account and separate account assets of those Companies (the “Legacy Agreements”).
On January 1, 2017, MIM entered into investment management agreements with each of BLIC, BLICNY, NELICO, BHF, Services and BHS to provide investment management services with respect to all of the general account and separate account assets of those Companies (the “Legacy Agreements”).
Broker/Dealer shall not use or permit to be used supplemental material or advertising media with regard to the Contracts other than with the prior written approval of NES and NELICO.
Dealer shall review all applications for the Contracts (including reviewing them for suitability), accept them on Broker/Dealer's behalf, and promptly forward them to NELICO (at the address shown on the then current prospectus for the Contracts) together with any purchase payments received with such applications.
Broker/Dealer further agrees that, during the term of this Agreement, it will not knowingly recruit for employment or enter into an employment arrangement with any insurance agent of NELICO or registered representative of NES.
Broker/Dealer will offer and sell the Contracts only in accordance with the terms and conditions of the then current prospectuses applicable to the Contracts and the eligible mutual funds and will make no representations not included in the prospectuses or in any authorized supplemental material approved by NES and NELICO.
NELICO has the right to reject any application for a Contract and return any purchase payment made in connection therewith.