Common use of Level of Performance Clause in Contracts

Level of Performance. The Contractholder services provided pursuant to Section 7.2 shall comply with the level of performance reasonably required of an administrator of variable annuity insurance policies of the type reinsured hereunder; provided, however, that in no event shall FSL provide services hereunder which do not meet the standards applicable to the administration of its own policies.

Appears in 2 contracts

Sources: Assumption Reinsurance Agreement (Lpla Separate Account One), Assumption Reinsurance Agreement (Lpla Separate Account One)