Common use of Registered Representatives Clause in Contracts

Registered Representatives. The Broker-Dealer may recommend persons associated with it who are duly licensed and qualified under applicable law and regulations to act in the offer or sale of the Products (the "Registered Representatives") for appointment as insurance agents of the Insurance Company, PROVIDED that such person: (a) has not been subject to any civil, administrative or criminal actions or sanctions by, or entered into any settlement agreements with, any governmental or quasi-governmental regulatory authority or self regulatory organization, (b) has not been precluded or restricted for any period of time by any entity from selling any securities, insurance products or other products of such entity, (c) otherwise is qualified to offer and sell the Products, (d) agrees in writing (i) to comply with all of the obligations of the Broker-Dealer and the Registered Representatives hereunder, (ii) not to make any recommendation to an applicant or prospective purchaser to purchase a Product without having reasonable grounds to believe that the purchase of the Product is suitable for the prospective purchaser, (iii) to report promptly in writing to the Insurance Company and FUS all customer or regulatory complaints or inquiries with respect to such Registered Representative, whether written or oral, and to assist the Insurance Company and FUS in resolving any complaint to the satisfaction of all parties involved, (e) possesses all Required Registrations and agrees to maintain in force during the term hereof all Required Registrations, and (f) agrees that prior to soliciting Products on behalf of the Insurance Company that he/she must be ALLMERICA DRAFT DECEMBER 15, 1999 appointed as an insurance agent of the Insurance Company. The Broker-Dealer is authorized, except as hereinafter specifically provided, to cause the Registered Representatives to offer and sell the Products in the states and jurisdictions in which the Products, the Broker-Dealer and such Registered Representatives are registered, licensed and appointed or otherwise appropriately qualified. The Broker-Dealer shall be solely responsible for the supervision of the Registered Representatives and shall enforce written supervisory procedures to assure strict compliance with NASD rules and applicable rules and regulations under the 1934 Act, and other applicable federal and state statutes and regulations. The Broker-Dealer agrees to provide to the Registered Representatives instructions sufficient to provide them with information needed to offer and sell the Products in compliance with this Agreement and the Regulations. The Broker-Dealer shall direct the sales activities of the Registered Representatives and shall be solely responsible for the conduct of the Registered Representatives in the offer and sale of the Products.

Registered Representatives. The Broker-Dealer may recommend persons -------------------------- associated with it who are duly licensed and qualified under applicable law and regulations regulation to act in the offer or sale of the Products (the "Registered Representatives") for appointment as insurance agents of the Insurance Company, PROVIDED provided that such person: (a) has not been subject to any civil, administrative or criminal actions or sanctions by, or entered into any settlement agreements with, with any governmental or quasi-governmental regulatory authority or self sell regulatory organization, (b) has not been precluded or restricted for any period of time by any entity from selling any securities, insurance products or other products of such entity, ; (c) otherwise is qualified to offer and sell the Products, ; (d) agrees in writing (i) to comply with all of the obligations of the Broker-Dealer and the Registered Representatives hereunder, (ii) not to make any recommendation to an applicant or prospective purchaser to purchase a Product without having reasonable grounds to believe that the purchase of the Product is suitable for the prospective purchaser, (iii) to report promptly in writing to the Insurance Company and FUS all customer or regulatory complaints or inquiries with respect to such Registered Representative, whether written or oral, and to assist the Insurance Company and FUS in resolving any complaint to the satisfaction of all parties involved, involved and (e) possesses all Required Registrations and agrees to maintain in force during the term hereof all Required Registrations, ; and (f) agrees that prior to soliciting Products on behalf of the Insurance Company that he/she must be ALLMERICA DRAFT DECEMBER 15, 1999 has been appointed as an insurance agent of the Insurance Company. The Broker-Dealer is authorized, except as hereinafter specifically provided, to cause the Registered Representatives to offer and sell the Products in the states and jurisdictions in which the Products, the Broker-Dealer and such Registered Representatives are registered, licensed and appointed or otherwise appropriately qualified. The Broker-Dealer shall be solely responsible for the supervision of the Registered Representatives and shall enforce written supervisory procedures to assure strict compliance with NASD rules and applicable rules and regulations under the 1934 Act, and other applicable federal and state statutes and regulations. The Broker-Dealer agrees to provide to the Registered Representatives instructions sufficient to provide them with information needed to offer and sell the Products in compliance with this Agreement and the Regulations. The Broker-Dealer shall direct the sales activities of the Registered Representatives and shall be solely responsible for the conduct of the Registered Representatives in the offer and sale of the Products.

Registered Representatives. The Broker-Dealer may recommend persons -------------------------- associated with it who are duly licensed and qualified under applicable law and regulations regulation to act in the offer or sale of the Products (the "Registered Representatives") for appointment as insurance agents of the Insurance Company, PROVIDED provided that such person: (a) has not been subject to any civil, administrative or criminal actions or sanctions by, or entered into any settlement agreements with, with any governmental or quasi-governmental regulatory authority or self sell regulatory organization, (b) has not been precluded or restricted for any period of time by any entity from selling any securities, insurance products or other products of such entity, ; (c) otherwise is qualified to offer and sell the Products, ; (d) agrees in writing (i) to comply with all of the obligations of the Broker-Dealer and the Registered Representatives hereunder, (ii) not to make any recommendation to an applicant or prospective purchaser to purchase a Product without having reasonable grounds to believe that the purchase of the Product is suitable for the prospective purchaser, (iii) to report promptly in writing to the Insurance Company and FUS USA all customer or regulatory complaints or inquiries with respect to such Registered Representative, whether written or oral, and to assist the Insurance Company and FUS USA in resolving any complaint to the satisfaction of all parties involved, involved and (e) possesses all Required Registrations and agrees to maintain in force during the term hereof all Required Registrations, ; and (f) agrees that prior to soliciting Products on behalf of the Insurance Company that he/she must be ALLMERICA DRAFT DECEMBER 15, 1999 has been appointed as an insurance agent of the Insurance Company. The Broker-Dealer is authorized, except as hereinafter specifically provided, to cause the Registered Representatives to offer and sell the Products in the states and jurisdictions in which the Products, the Broker-Dealer and such Registered Representatives are registered, licensed and appointed or otherwise appropriately qualified. The Broker-Dealer shall be solely responsible for the supervision of the Registered Representatives and shall enforce written supervisory procedures to assure strict compliance with NASD rules and applicable rules and regulations under the 1934 Act, and other applicable federal and state statutes and regulations. The Broker-Dealer agrees to provide to the Registered Representatives instructions sufficient to provide them with information needed to offer and sell the Products in compliance with this Agreement and the Regulations. The Broker-Dealer shall direct the sales activities of the Registered Representatives and shall be solely responsible for the conduct of the Registered Representatives in the offer and sale of the Products.and