Common use of Internal Exchanges Clause in Contracts

Internal Exchanges. Commissions on the exchange of any SECURITY LIFE ------------------ policy for Strategic Advantage will be paid in accordance with the exchange procedures in effect at SECURITY LIFE on the date the exchange is completed. The commission rates and/or target premiums may be adjusted in accordance with the rules in effect at the time of the exchange. If the Representative responsible for the exchange is not the producer of the original policy, and the original producer is still active with SECURITY LIFE, no commission will be payable to the Representative or the SELLING BROKER-DEALER.