FIDELITY BOND AND OTHER LIABILITY COVERAGE. Each of General Agent and Broker-Dealer represents that it and its directors, officers and employees and the Insurance Agents, in the case of General Agent, and the Securities Agents, in the case of Broker-Dealer, are and shall be covered by a blanket fidelity bond, issued by a reputable bonding company, and other errors and omissions or liability insurance, acceptable to The Company (“Liability Coverage”). Each of General Agent and Broker-Dealer shall maintain its Liability Coverage at its expense. Liability Coverage shall be in a form, type and amount and issued by a bonding company or other insurance company satisfactory to The Company. Any fidelity bond maintained by Broker-Dealer which meets the requirements of the FINRA Conduct Rules applicable to fidelity bonds shall be deemed to be satisfactory. The Company may require evidence, satisfactory to it, that such coverage is in force, and General Agent and Broker-Dealer shall give prompt written notice to The Company of any cancellation or change of coverage. Each of General Agent and Broker-Dealer assigns any proceeds received from the Liability Coverage to The Company to the extent of its loss, and to Jxxx Hxxxxxx Distributors LLC to the extent of its loss, due to activities covered by the Liability Coverage and agrees to pay promptly any deficiency whether due to a deductible or otherwise.
FIDELITY BOND AND OTHER LIABILITY COVERAGE. Selling Broker-Dealer and Producer each represent that all directors, officers, agents, employees and brokers who are licensed pursuant to this Agreement as brokers for the Company for state insurance law purposes or who have access to funds of the Company, including but not limited to, funds submitted with applications for the Contracts are and shall be covered by a blanket fidelity bond, including coverage for larceny and embezzlement issued by a reputable bonding company. This bond shall be maintained by Selling Broker-Dealer or Producer at their expense and shall be, at a minimum, of the form, type and amount required under NASD Rules endorsed to extend coverage to transactions relating to the Contracts. The Company may require evidence satisfactory to it, that such coverage is in force and Selling Broker-Dealer or Producer, as the case may be, shall give prompt written notice to the Company of any notice of cancellation of the bond or change of coverage. Selling Broker-Dealer and Producer hereby assign any proceeds received from a fidelity bonding company, error and omissions or other liability coverage, to the Company or Sun Investment as their interest may appear, to the extent of their loss due to activities covered by the bond, policy or other liability coverage. If there is any deficiency amount, whether due to a deductible or otherwise, Selling Broker-Dealer or Producer shall promptly pay such amounts on demand. Selling Broker-Dealer and Producer hereby indemnify and hold harmless the Company and Sun Investment from any such deficiency and from the costs of collection thereof (including reasonable attorneys' fees).
FIDELITY BOND AND OTHER LIABILITY COVERAGE. General Agent represents that all directors, officers, agents, employees and associated persons who are licensed pursuant to this Agreement as Company Agents for state insurance law purposes or who have access to funds of Company, including but not limited to, funds submitted with applications for the Contracts are and shall be covered by a blanket fidelity bond, including coverage for larceny and embezzlement, issued by a reputable bonding company. This bond shall be maintained by General Agent at its expense. Such bond shall be, at a minimum, of the form, type and amount required under NASD rules, endorsed (if necessary) to extend coverage to transactions relating to the Contracts. Touchstone may require evidence satisfactory to it, that such coverage is in force and General Agent shall give prompt written notice to Touchstone of any notice of cancellation of the bond or change of coverage. General Agent hereby assigns any proceeds received from a fidelity bonding company, error and omissions or other liability coverage, to Touchstone or Company as their interest may appear, to the extent of their loss due to activities covered by the bond, policy or other liability coverage. If there is any deficiency amount, whether due to a deductible or otherwise, General Agent shall promptly pay such amounts on demand. This paragraph shall not be construed to limit the indemnification provided in Section 9 hereof.
FIDELITY BOND AND OTHER LIABILITY COVERAGE. Selling Broker-Dealer and General Agent hereby assign any proceeds received from a fidelity bonding company, error and omissions or other liability coverage to CLNY, CLAFS or Xxxxxxxx Financial, to the extent of their loss due to activities covered by the bond, policy or other liability coverage. If there is any deficiency amount, whether due to a deductible or otherwise, Selling Broker-Dealer or General Agent shall promptly pay such amount on demand. Selling Broker-Dealer and General Agent hereby indemnify and hold harmless CLNY, CLAFS and Xxxxxxxx Financial from any such deficiency and from the costs of collection thereof (including reasonable attorneys' fees).
FIDELITY BOND AND OTHER LIABILITY COVERAGE. Selling Broker-Dealer and General Agent hereby assign any proceeds received from a fidelity bonding company, error and omissions or other liability coverage to CLICA or CLAFS as their interest may appear, to the extent of their loss due to activities covered by the bond, policy or other liability coverage. If there is any deficiency amount, whether due to a deductible or otherwise, Selling Broker-Dealer or General Agent shall promptly pay such amount on demand. Selling Broker-Dealer and General Agent hereby indemnify and hold harmless CLICA and CLAFS from any such deficiency and from the costs of collection thereof (including reasonable attorneys' fees).
FIDELITY BOND AND OTHER LIABILITY COVERAGE a. Broker-Dealer represents that it and its directors, officers and employees are and shall be covered by a blanket fidelity bond, issued by a reputable bonding company (“Fidelity Bond”), and that its Agents have Errors and Omissions liability insurance (“E&O”) in a form, type and amount acceptable to the Company and at the Broker-Dealer or Agent’s own expense. Any Fidelity Bond or E&O which meets the requirements of applicable FINRA rules shall be deemed satisfactory. The Company may require evidence, satisfactory to it, that Fidelity Bond or E&O coverage is in force, and Broker-Dealer shall give prompt written notice to the Company of any cancellation or change of coverage. Broker-Dealer and Agent shall assign any proceeds received from the Fidelity Bond or E&O insurance to the Company or AEC to the extent of its loss due to activities covered by the Fidelity Bond or E&O. Broker-Dealer and Agent agree to pay promptly any deficiency whether due to a deductible or otherwise.
FIDELITY BOND AND OTHER LIABILITY COVERAGE a. Selling Broker-Dealer represents that it and its directors, officers and employees are and shall be covered by a blanket fidelity bond, issued by a reputable bonding company (“Fidelity Bond”), and that its Agents have Errors and Omissions liability insurance (“E&O”) in a form, type and amount acceptable to the Insurer and at the Selling Broker-Dealer or Agent’s own expense. Any Fidelity Bond or E&O which meets the requirements of applicable FINRA rules shall be deemed satisfactory. The Insurer may require evidence, satisfactory to it, that Fidelity Bond or E&O coverage is in force, and Selling Broker-Dealer shall give prompt written notice to the Insurer of any cancellation or change of coverage. Selling Broker-Dealer and Agent shall assign any proceeds received from the Fidelity Bond or E&O insurance to the Insurer or Distributor to the extent of its loss due to activities covered by the Fidelity Bond or E&O. Selling Broker-Dealer and Agent agree to pay promptly any deficiency whether due to a deductible or otherwise.
FIDELITY BOND AND OTHER LIABILITY COVERAGE. Each of General Agent and Broker-Dealer represents that it and its directors, officers and employees and the Insurance Agents, in the case of General Agent, and the Securities Agents, in the case of Broker-Dealer, are and shall be covered by a blanket fidelity bond, issued by a reputable bonding company, and other errors and omissions or liability insurance, acceptable to Xxxx Xxxxxxx USA ("Liability Coverage"). Each of General Agent and Broker-Dealer shall maintain its Liability Coverage at its expense. Liability Coverage shall be in a form, type and amount and issued by a bonding company or other insurance company satisfactory to Xxxx Xxxxxxx USA. Any fidelity bond maintained by Broker-Dealer which meets the requirements of the NASD Conduct Rules applicable to fidelity bonds shall be deemed to be satisfactory. Xxxx Xxxxxxx USA may require evidence, satisfactory to it, that such coverage is in force, and General Agent and Broker-Dealer shall give prompt written notice to Xxxx Xxxxxxx USA of any cancellation or change of coverage. Each of General Agent and Broker-Dealer assigns any proceeds received from the Liability Coverage to Xxxx Xxxxxxx USA to the extent of its loss, and to Xxxx Xxxxxxx Distributors LLC to the extent of its loss, due to activities covered by the Liability Coverage and agrees to pay promptly any deficiency whether due to a deductible or otherwise.
FIDELITY BOND AND OTHER LIABILITY COVERAGE. Wholesaling Agency and Wholesaling Broker-Dealer each represent that each of its directors, officers and employees and the Wholesalers performing Wholesaling Services for the Contracts, are and shall be covered by a blanket fidelity bond, issued by a reputable bonding company, and other errors and omissions or liability insurance (“Liability Coverage”). Wholesaling Agency and Wholesaling Broker-Dealer shall maintain its Liability Coverage at its expense. Liability Coverage shall be in a form, type, and amount and issued by a bonding company or other insurance company satisfactory to the Company. The Company may require evidence, satisfactory to it, that such coverage is in force, and Wholesaling Agency and Wholesaling Broker-Dealer shall give prompt written notice to the Company of any cancellation or change of coverage.
FIDELITY BOND AND OTHER LIABILITY COVERAGE. Selling Broker-Dealer and General Agent hereby assign any proceeds received from a fidelity bonding company, error and omissions or other liability coverage, to Manulife New York or Manulife Financial Securities as their interest may appear, to the extent of their loss due to activities covered by the bond, policy or other liability coverage. If there is any deficiency amount, whether due to a deductible or otherwise, Selling Broker-Dealer or General Agent shall promptly pay such amounts on demand. Selling Broker-Dealer and General Agent hereby indemnify and hold harmless Manulife New York and Manulife Financial Securities from any such deficiency and from the costs of collection thereof (including reasonable attorneys' fees).
