Common use of Sale of the Contracts Clause in Contracts

Sale of the Contracts. The Company shall be fully responsible as to the Trust and the Distributor for the sale and marketing of the Contracts. The Company shall provide Contracts, the Contracts' and Trust's Prospectuses, Contracts' and Trust's Statements of Additional Information, and all amendments or supplements to any of the foregoing to Contract Owners and prospective Contract Owners, all in accordance with federal and state laws. Without limiting the generality of the foregoing, the Company shall require that any Selling Agreements with broker-dealers with respect to the sale and marketing of the Contracts will require such broker-dealers to adopt and implement written compliance policies and procedures reasonably designed to, ensure that: - all persons offering or selling the Contracts are duly licensed and registered under applicable insurance and securities laws, - all individuals offering or selling the Contracts are duly appointed agents of the Company and are registered representatives of a NASD member broker-dealer, - each sale of a Contract satisfies applicable suitability requirements under insurance and securities laws and regulations, including without limitation the rules of the NASD, - persons offering or selling the Contracts disclose to prospective Contract Owners remuneration each expects to receive in connection with sales of the Contracts and any conflicts of interest arising therefrom as required by applicable law, and - persons offering or selling the Contracts do not intend to engage in Account unit transactions that would violate the Company's or the Trust's Disruptive Trading Policies.