Commissions and Allowances. 12. The Company shall pay any commissions or other compensation payable on the sale of the Contract to the Underwriter so long as the payment of commissions or other compensation complies with insurance laws and regulations of the jurisdictions, state or otherwise, where the Company decides to offer the Contracts. 13. In any jurisdiction requiring payment of insurance commissions or other compensation to persons other than the Underwriter, the Company shall pay the commission in accordance with the laws or regulations of that jurisdiction and in a manner determined by the Company. 14. In the event the Company improperly pays a commission, insurance or otherwise, in reliance on information furnished by the Underwriter, the Underwriter must reimburse or indemnify the Company for any losses or penalties incurred as a result of such reliance as provided in Article VIII of this Agreement. 15. The Company shall compensate the Underwriter for performing its duties and functions under this Agreement as follows:
Appears in 2 contracts
Sources: Underwriting Agreement (Allstate Life Insurance Co), Underwriting Agreement (Northbrook Variable Annuity Account Ii)