Sale of the Contracts. Nationwide shall be fully responsible as to the Trust and the Distributor for the sale and marketing of the Contracts. Nationwide shall provide Contracts, the Contracts’ and Trust’s Prospectuses, Contracts’ and Trust’s Statements of Additional Information (upon request), 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. Nationwide shall ensure that all persons offering the Contracts are duly licensed and registered under applicable insurance and securities laws. Nationwide shall ensure that each sale of a Contract satisfies applicable suitability requirements under insurance and securities laws and regulations, including without limitation the rules of the NASD. Nationwide shall adopt and implement procedures reasonably designed to ensure that information concerning the Trust and the Distributor that is intended for use only by brokers or agents selling the Contracts (i.e., information that is not intended for distribution to Contract Owners or offerees) is so used.
Appears in 2 contracts
Sources: Participation Agreement (Nationwide Vli Separate Account 4), Participation Agreement (Nationwide Vli Separate Account 4)