Common use of Sale of Contracts Clause in Contracts

Sale of Contracts. 15.1 Corporate Insurance Agent shall use its best efforts to solicit applications for Contracts from persons for whom the Contracts are suitable, in accordance with the terms and conditions of this agreement. 15.2 All applications for Contracts shall be made on applications forms authorized by PIA. Corporate Insurance Agent shall diligently review all such applications for accuracy and completeness and shall take all reasonable and appropriate measures to assure that applications submitted to PIA are accurate and complete. 15.3 All purchase payments collected by Corporate Insurance Agent for PIA shall be received in trust and shall be remitted immediately together with the application and any other required documentation, to PIA at the address indicated on the application or to such other address as PIA may specify in writing. All checks or money orders for payments under Contracts shall be drawn to the order of PIA. 15.4 All applications are subject to acceptance or rejection by PIA in its sole discretion. PIA may at any time in its sole discretion discontinue issuing the Contracts or change the form and content of new Contracts to be issued. 15.5 In soliciting applications for Contracts, Corporate Insurance Agent may not accept risk of any kind for or on behalf of PIA and may not bind PIA by promise or agreement or alter any Contract in any way.