The Maryland Participation Agreement between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York is a legal contract that outlines the terms and conditions for participation in an investment program offered by Lincoln Life and Annuity Company of New York. This agreement is specific to Maryland and governs the relationship between the aforementioned parties. The agreement establishes the framework for investment options provided by Variable Insurance Products Fund, III, to be made available to clients of Lincoln Life and Annuity Company of New York. It details the rights and responsibilities of both parties involved, ensuring clarity and transparency throughout the investment process. The Maryland Participation Agreement outlines important aspects such as the investment objectives, eligibility criteria, and any potential fees or charges associated with the program. It also highlights the rights of the investor, including the option to withdraw funds or make changes to the investment strategy within the specified guidelines. One of the key purposes of this agreement is to protect investors by providing them with the necessary information and disclosures regarding the investment product. It ensures that investors have a clear understanding of the risks involved and the potential returns they can expect. Different types of Maryland Participation Agreements between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York may vary based on the specific investment options provided, such as equity funds, fixed income funds, or other types of financial instruments. Each type of agreement caters to different investor preferences and risk appetites. In conclusion, the Maryland Participation Agreement between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York is a crucial legal document that governs the participation of investors in investment programs offered by Lincoln Life and Annuity Company of New York. It outlines the rights, responsibilities, and investment options available to investors, ensuring a transparent and mutually beneficial relationship between the parties involved.