Common use of Free Look Provision Clause in Contracts

Free Look Provision. If any Contract or Policy is redeemed at any time or if within forth-five (45) days after confirmation by the Insurance Companies of any premium payments credited to a Contract or Policy, that Contract is tendered for full or partial surrender, or the life at risk thereunder dies, then, at the option of the Insurance Companies or Underwriter, no commission will be payable with respect to such premium payments and any commission previously paid for said premium payments must be refunded to the applicable Insurance Company or Underwriter as directed by Underwriter. Underwriter agrees to notify Broker/Dealer with ten (10) business days after the request for repurchase or redemption, or notification of death of the life at risk is received by the applicable Insurance Company.

Free Look Provision. If any Contract or Policy is redeemed at any time or if within forth-five (45) days after confirmation by the Insurance Companies of any premium payments credited to a Contract or Policy, that Contract is tendered for full or partial surrender, or the life at risk thereunder dies, then, at the option of the Insurance Companies or UnderwriterCompanies, no commission will be payable with respect to such premium payments and any commission previously paid for said premium payments must be refunded to the applicable Insurance Company or Underwriter as directed by Underwriter. Underwriter Insurance Companies agrees to notify Broker/Dealer with ten (10) business days after the request for repurchase or redemption, or notification of death of the life at risk is received by the applicable Insurance Company.

Free Look Provision. If any Contract or Policy is redeemed at any time or if within forthforty-five (45) days after confirmation by the Insurance Companies of any premium payments credited to a Contract or Policy, that Contract is tendered for full or partial surrender, or the life at risk thereunder dies, then, at the option of the Insurance Companies or Underwriter, no commission will be payable with respect to such premium payments and any commission previously paid for said premium payments must be refunded to the applicable Insurance Company or Underwriter as directed by Underwriter. Underwriter agrees to notify Broker/Dealer with ten (10) business days after the request for repurchase or redemption, or notification of death of the life at risk is received by the applicable Insurance Company.