SOLICITING APPLICATIONS AND PAYMENTS Sample Clauses

SOLICITING APPLICATIONS AND PAYMENTS a. All applications for Contracts shall be made on application forms supplied by Allstate Life. BD, Associated Insurance Agency, Agents and the Representatives shall not recommend the purchase of a Contract to a prospective purchaser unless it has reasonable grounds to believe that such purchase is suitable for the prospective purchaser and is in accordance with applicable regulations of any state insurance department, the SEC and the NASD. A determination of suitability shall include, but is not limited to, information concerning the prospective purchaser's insurance and investment objectives, risk tolerance, tax status, previous investment experience, and other investments and savings. b. BD and Associated Insurance Agency shall review applications for completeness and correctness as to form, as well as compliance with the suitability standards specified above. BD will promptly, but in no case later than the end of the next business day following receipt by BD or a Representative, forward to Allstate Life all complete and correct applications, according to administrative procedures, together with any payments received with the applications, without deduction for compensation. Allstate Life reserves the right to reject any Contract application and return any payment made in connection with an application that is rejected. c. Contracts issued on accepted applications will be forwarded to BD for delivery to the Contract owner according to procedures established by Allstate Life, unless Allstate Life has provided otherwise. BD shall cause each such Contract to be delivered to the respective Contract Owner within five days after BD's receipt. BD shall be liable to Allstate Life for any loss incurred by Allstate Life (including consequential damages and regulatory penalties) as a result of any delay by BD or a Representative in delivering such Contract. d. BD, Associated Insurance Agency, Agents and Representatives shall not encourage a prospective purchaser to surrender or exchange a Contract in order to purchase another insurance policy or contract except when a change in circumstances makes the Contract an unsuitable investment for the Contract owner.
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SOLICITING APPLICATIONS AND PAYMENTS. (a) Broker-Dealer and Associated Insurance Agency shall review all applications, enrollment forms or other forms seeking Contracts, additional coverage or reinstatement of coverage under a Contract for completeness and accuracy, as well as compliance with applicable suitability standards. Upon request, Broker-Dealer and Associated Insurance Agency shall provide PALAC and/or PAD with satisfactory proof of approval by a principal of Broker-Dealer or Associated Insurance Agency indicating that the application has been reviewed for suitability. Broker-Dealer will promptly, but in no case later than the end of the next business day following receipt by Broker-Dealer or a Registered Representative, forward all complete and correct applications, forms and/or other required documentation, together with any payments received with the such forms, without deduction for compensation unless there has been a written agreement for netting of sales or service compensation payable by Prudential Annuities to Broker-Dealer and/or Associated Insurance Agency, as applicable. (b) Prudential Annuities may authorize Broker-Dealer and Associated Insurance Agency to transmit applications, forms and/or other required documentation to Prudential Annuities via electronic transmission, subject to all applicable administrative procedures and rules of Prudential Annuities. Broker-Dealer and Associated Insurance Agency shall provide such information in a form and manner that is mutually agreeable to Prudential Annuities and Broker-Dealer and Associated Insurance Agency. Any agreement between the parties hereto relating to electronic transmission of applications, forms and other required documentation ("Electronic Transmission Agreement") is incorporated into this Agreement by reference and will provide standards as to timeliness and accuracy of electronic transmissions as well as establish rules as to liability for any losses due to delays or transmission errors. Any Electronic Transmission Agreement will only modify this Agreement to the extent indicated. (c) All requests for Contracts, additional coverage, or reinstatement of coverage are subject to PALAC's acceptance. PALAC reserves the right, in its sole discretion, to reject any such request and refund or return any payment made thereon. PALAC also reserves the right to prescribe conditions, rules, and regulations for the offer and acceptance of its Contracts, including additional coverage thereon or reinstatement of coverage, which ...
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SOLICITING APPLICATIONS AND PAYMENTS a. All applications for Contracts shall be made on application forms supplied by Glenbrook. BD, Associated Insurance Agency, Agents and the Representatives shall not recommend the purchase of a Contract to a prospective purchaser unless it has reasonable grounds to believe that such purchase is suitable for the prospective purchaser and is in accordance with applicable regulations of any state insurance commission, and with respect to Registered Contracts, the SEC and the NASD. While not limited to the following, a determination of suitability shall be based on information concerning the prospective purchaser's insurance and investment objectives and financial situation and needs.
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SOLICITING APPLICATIONS AND PAYMENTS a. All applications for Contracts shall be made on application forms supplied by Glenbrook Life. BD, Associated Insurance Agency, Agents and Representatives shall not recommend the purchase of a Contract to a prospective purchaser unless it has reasonable grounds to believe that such purchase is suitable for the prospective purchaser and is in accordance with applicable regulations of any state insurance commission, and with respect to Registered Contracts, the SEC and the NASD. While not limited to the following, a determination of suitability shall be based on information concerning the prospective purchaser's insurance and investment objectives and financial situation and needs. All such determinations of suitability shall be approved by a Principal of BD before forwarding such application to Glenbrook Life and ALFS. b. BD and Associated Insurance Agency shall review applications for completeness and correctness, as well as compliable with the suitability standards specified above. BD will promptly, but in no case later than the end of the next business day following receipt by BD or a Representative, forward to Glenbrook Life according to administrative procedures all complete and correct applications for suitable transactions, together with any payments received with the applications, without deduction for compensation unless there has been a mutual arrangement for net wire transmissions between ALFS, Glenbrook Life and BD. Glenbrook Life reserves the right to reject any Contract applications and return any payment made in connection with an application that is rejected. c. Contracts issued on accepted applications will be forwarded to BD for delivery to the Contract Owner according to procedures established by Glenbrook Life, unless Glenbrook Life has provided otherwise. BD shall cause each such Contract to be delivered to the respective Contract Owner within five days after BD's receipt. BD shall be liable to Glenbrook Life for any loss incurred by Glenbrook Life (including consequential damages and regulatory penalties) as a result of any delay by BD or a Representative in delivering such Contract. d. BD, Associated Insurance Agency, Agents and Representatives shall not encourage a prospective purchaser to surrender or exchange a Contract in order to purchase another insurance policy or contract except when a change in circumstances makes the Contract an unsuitable investment for the Contract owner.
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Related to SOLICITING APPLICATIONS AND PAYMENTS

  • CORRUPT GIFTS AND PAYMENTS OF COMMISSION 29.1 The CONTRACTOR shall not: 29.1.1 offer or give or agree to give any person working for, acting for or engaged by the CUSTOMER or any other Crown Body any gift or consideration of any kind as (or which could act as) an inducement or reward for any act or failure to act connected to this Contract or any other contract with any other Crown Body including its award to the CONTRACTOR and any of the rights and obligations contained within it; or 29.1.2 enter into this Contract or any other contract with the CUSTOMER, any other Crown Body or any person acting for and on behalf of the CUSTOMER or any Crown Body in connection with which commission has been paid or agreed to be paid to any person working for or engaged by the CUSTOMER or any other Crown Body by him or on his behalf, or to his knowledge, unless before (as applicable) this Contract or any other contract is made particulars of any such commission and of the terms and conditions of any agreement for the payment thereof have been disclosed in writing to (as applicable) the CUSTOMER or any other Crown Body. 29.2 Any breach of Clause 29.1 by the CONTRACTOR or by anyone employed by him or acting on his behalf (whether with or without the knowledge of the CONTRACTOR) or the commission of any offence by the CONTRACTOR or by anyone employed by him or acting on his behalf (whether with or without the knowledge of the CONTRACTOR) under the Prevention of Corruption Acts 1889 to 1916, in relation to this Contract or any other contract with any other Crown Body shall entitle the CUSTOMER to terminate this Contract in accordance with Clause 10.3.5 and recover from the CONTRACTOR the amount of any loss resulting from such termination and/or to recover from the CONTRACTOR the amount or value of any such gift, consideration or commission. 29.3 Any termination under Clause 29.2 shall be without prejudice to any right or remedy which has already accrued, or subsequently accrues, to the CUSTOMER. 29.4 Any dispute, difference or question arising in respect of the interpretation of this Clause 29, the right of the CUSTOMER to terminate this Contract or the amount or value of any such gift, consideration or commission shall be decided by the CUSTOMER, whose decision shall be final and conclusive.

  • Statements and Payments The Fig Share and the Developer Royalty shall be paid by Developer and Fig, respectively, no later than thirty (30) days after the end of the calendar month in which the Gross Receipts are received by the applicable Party together with a statement detailing calculation of the Fig Share or the Developer Royalty, as applicable (including copies of payment statements from Distributors and calculation of any adjustment to reflect Third-Party Distributor terms as provided in the definition of Fig Share). Upon request, Distributor will provide Fig with access to real-time reporting posted or made available by any Distributor.

  • Invoicing and Payments II.4.1 Pre-financing:

  • Billings and Payments Billings and payments shall be sent to the addresses set out in Appendix F.

  • Settlement Funding and Payments 4.1 Payments from the Gross Settlement Amount. Five (5) business days prior to the anticipated Effective Date, the Administrator will send Class Counsel and Defendant’s Counsel the account information so that Defendant can wire the GSA. Within 10 business days after Defendant funds the Gross Settlement Amount, the Administrator will mail checks to the Participating Class Members, Aggrieved Employees, the LWDA, Class Counsel, and Class Representatives pursuant to the allocations set forth in Section 3 of this Agreement. Disbursement of the Class Counsel Fees Payment, the Class Counsel Litigation Expenses Payment and the Class Representative Service Payments shall not precede disbursement of Individual Class Payments and Individual PAGA Payments. 4.2 Uncashed Checks. Settlement checks that are not cashed within 160 calendar days from the date of issuance by the Administrator will be voided. The Administrator shall transmit the funds represented by such voided checks in conformity with the Code of Civil Procedure Section 384, subd. (b) to Bet Tzedek (“Cy Pres Recipient”).