Policy Issue. Life 1. Upon receipt of a life application, FASCorp will check the binding requirements. Return of money, if required, will be coordinated with SLD. 2. Verifies license status of brokers/agents based on information supplied by SLD. 3. Upon completion of the underwriting and approval of the life application by SLD, FASCorp will prepare policy data page and issue policies for SLD approved applications and mail to brokers/agents. Policy data pages to be produced by LifeCAD. Policy page production to be automated as agreed upon by SLD and FASCorp. If any outstanding requirements at issue, SLD will inform FASCorp when to place policy into inforce status. Any required amendments will be prepared by SLD.
Appears in 2 contracts
Sources: Administration Services Agreement (Security Life Separate Account L1), Administration Services Agreement (Security Life Separate Account A1)