Distribution of the Contracts. (a) TIAA-CREF Life and the Separate Account hereby grant to TPIS the exclusive right, subject to the requirements of the 1933 Act, the 1934 Act, and the 1940 Act, and the terms set forth herein, to distribute the Contracts during the term of this Agreement. TPIS agrees to use its best efforts to distribute the Contracts, and to advise owners of Contracts in connection therewith. (b) To the extent necessary to offer the Contracts, TPIS shall be duly registered or otherwise qualified under the securities laws of any state or other jurisdiction in which such Contracts may lawfully be sold and in which TPIS is licensed or otherwise authorized to sell the Contracts. TPIS shall be responsible for the training, supervision and control of its registered representatives for the purpose of the NASD Rules and Fair Practice and federal and state securities law requirements applicable in connection with the offering and sale of the Contracts. In this connection, TPIS shall retain written supervisory procedures in compliance with Section 3010 of the NASD Conduct Rules. (c) TPIS agrees to offer the Contracts for sale in accordance with the then-current prospectus and statement of additional information ("SAI") for the Separate Account filed with the Securities and Exchange Commission (the "Commission"). (d) TIAA-CREF Life shall furnish TPIS with copies of all prospectuses, SAIs, financial statements and other documents which TPIS reasonably requires for use in connection with the distribution of the Contracts. TPIS will be entitled to rely on all documentation and information furnished to it by TIAA-CREF Life or the Separate Account. (e) It is understood that no payments made under the Contracts shall be paid or remitted to TPIS.
Appears in 1 contract
Sources: Distribution Agreement (Tiaa Cref Life Separate Accunt Va-1)
Distribution of the Contracts. (a) TIAA-CREF Life and the Separate Account hereby grant to TPIS the exclusive right, subject to the requirements of the 1933 Act, the 1934 Act, and the 1940 Act, and the terms set forth herein, to distribute the Contracts during the term of this Agreement. TPIS agrees to use its best efforts to distribute the Contracts, and to advise owners of Contracts in connection therewith.
(b) To the extent necessary to offer the Contracts, TPIS shall be duly registered or otherwise qualified under the securities laws of any state or other jurisdiction in which such Contracts may lawfully be sold and in which TPIS is licensed or otherwise authorized to sell the Contracts. TPIS shall be responsible for the training, supervision and control of its registered representatives for the purpose of the NASD Rules and Fair Practice and federal and state securities law requirements applicable in connection with the offering and sale of the Contracts. In this connection, TPIS shall retain written supervisory procedures in compliance with Section 3010 of the NASD Conduct Rules.
(c) TPIS agrees to offer the Contracts for sale in accordance with the then-current prospectus and statement of additional information ("SAI") for the Separate Account Contracts filed with the Securities and Exchange Commission (the "Commission").
(d) TIAA-CREF Life shall furnish TPIS with copies of all prospectuses, SAIs, financial statements and other documents which TPIS reasonably requires for use in connection with the distribution of the Contracts. TPIS will be entitled to rely on all documentation and information furnished to it by TIAA-CREF Life or the Separate Account.
(e) It is understood that no payments made under the Contracts shall be paid or remitted to TPIS.
Appears in 1 contract
Sources: Distribution Agreement (Tiaa-Cref Life Separate Account Vli-1)
Distribution of the Contracts. (a) TIAA-CREF Life TIAA and the Separate Account hereby grant to TPIS the exclusive right, subject to the requirements of the 1933 Act, the 1934 Act, and the 1940 Act, and the terms set forth herein, to distribute the Contracts during the term of this Agreement. TPIS agrees to use its best efforts to distribute the Contracts, and to advise owners of Contracts in connection therewith.
(b) To the extent necessary to offer the Contracts, TPIS shall be duly registered or otherwise qualified under the securities laws of any state or other jurisdiction in which such Contracts may lawfully be sold and in which TPIS is licensed or otherwise authorized to sell the Contracts. TPIS shall be responsible for the training, supervision and control of its registered representatives for the purpose of the NASD Rules and Fair Practice and federal and state securities law requirements applicable in connection with the offering and sale of the Contracts. In this connection, TPIS shall retain written supervisory procedures in compliance with Section 3010 27 of the NASD Conduct RulesRules of Fair Practice.
(c) TPIS agrees to offer the Contracts for sale in accordance with the then-current prospectus and statement of additional information ("SAI") for the Separate Account therefor filed with the Securities and Exchange Commission (the "Commission").
(d) TIAA-CREF Life TIAA shall furnish TPIS with copies of all prospectuses, SAIs, financial statements and other documents which TPIS reasonably requires for use in connection with the distribution of the Contracts. TPIS will be entitled to rely on all documentation and information furnished to it by TIAA-CREF Life 's or the Separate Account's management.
(e) It is understood that no payments made under the Contracts shall be paid or remitted to TPIS.
Appears in 1 contract
Sources: Distribution Agreement (Tiaa Separate Account Va 1)