Underwriting Agreement between Lincoln Life and Annuity Company of New York and Lincoln Financial Advisors Corporation regarding the issuance of public certain variable annuity contracts and variable life insurance
The Arkansas Amended and Restated Principal Underwriting Agreement regarding the Issuance of variable annuity contracts and life insurance is a legally binding document that outlines the terms and conditions under which variable annuity contracts and life insurance policies may be issued in the state of Arkansas. This agreement is designed to protect the interests of both the issuing insurance company and the policyholders. Keywords: Arkansas, Amended and Restated Principal Underwriting Agreement, issuance, variable annuity contracts, life insurance, terms and conditions, insurance company, policyholders. Different types of the Arkansas Amended and Restated Principal Underwriting Agreement regarding the Issuance of variable annuity contracts and life insurance may include: 1. Individual Variable Annuity Agreement: This agreement outlines the terms and conditions for the issuance of individual variable annuities to policyholders. It includes provisions related to premium payments, investment options, death benefits, annuitization options, and surrender charges. 2. Group Variable Annuity Agreement: This agreement is specifically designed for the issuance of variable annuities to groups, such as employer-sponsored retirement plans or associations. It addresses unique considerations related to the administration and management of group annuity contracts, including participant eligibility, contribution limits, and investment options. 3. Individual Life Insurance Policy Agreement: This type of agreement governs the issuance of individual life insurance policies, including both term and permanent policies. It includes provisions related to premium payments, death benefits, policy loans, surrender values, and optional riders such as disability income or critical illness benefits. 4. Group Life Insurance Policy Agreement: This agreement is tailored for the issuance of life insurance coverage to groups, such as employee benefit plans or professional associations. It outlines the terms and conditions for group life policies, including eligibility criteria, coverage amounts, premium calculations, and beneficiary designations. In summary, the Arkansas Amended and Restated Principal Underwriting Agreement ensures that the issuance of variable annuity contracts and life insurance policies follows consistent guidelines and protects the rights of policyholders in the state of Arkansas.
The Arkansas Amended and Restated Principal Underwriting Agreement regarding the Issuance of variable annuity contracts and life insurance is a legally binding document that outlines the terms and conditions under which variable annuity contracts and life insurance policies may be issued in the state of Arkansas. This agreement is designed to protect the interests of both the issuing insurance company and the policyholders. Keywords: Arkansas, Amended and Restated Principal Underwriting Agreement, issuance, variable annuity contracts, life insurance, terms and conditions, insurance company, policyholders. Different types of the Arkansas Amended and Restated Principal Underwriting Agreement regarding the Issuance of variable annuity contracts and life insurance may include: 1. Individual Variable Annuity Agreement: This agreement outlines the terms and conditions for the issuance of individual variable annuities to policyholders. It includes provisions related to premium payments, investment options, death benefits, annuitization options, and surrender charges. 2. Group Variable Annuity Agreement: This agreement is specifically designed for the issuance of variable annuities to groups, such as employer-sponsored retirement plans or associations. It addresses unique considerations related to the administration and management of group annuity contracts, including participant eligibility, contribution limits, and investment options. 3. Individual Life Insurance Policy Agreement: This type of agreement governs the issuance of individual life insurance policies, including both term and permanent policies. It includes provisions related to premium payments, death benefits, policy loans, surrender values, and optional riders such as disability income or critical illness benefits. 4. Group Life Insurance Policy Agreement: This agreement is tailored for the issuance of life insurance coverage to groups, such as employee benefit plans or professional associations. It outlines the terms and conditions for group life policies, including eligibility criteria, coverage amounts, premium calculations, and beneficiary designations. In summary, the Arkansas Amended and Restated Principal Underwriting Agreement ensures that the issuance of variable annuity contracts and life insurance policies follows consistent guidelines and protects the rights of policyholders in the state of Arkansas.