Arizona Participation Agreement between First American Ins. Portfolios, Inc., SEI Investments Distribution Co.

• Category: Corporations - Public - Participation
• State: Multi-State
• Control #: US-EG-9191
• Format: Word; Rich Text

Description

Participation Agr. between First American Ins. Portfolios, Inc., SEI Investments Distribution Co., (____) Ins. Co. on behalf of itself and its sep. accts & Distr. Co. dated 00/00. 52 pages Title: Arizona Participation Agreement between First American Ins. Portfolios, Inc., SET Investments Distribution Co.: Explained Introduction: An Arizona Participation Agreement is a legally binding document that establishes the terms and conditions in which First American Ins. Portfolios, Inc. (First American) and SET Investments Distribution Co. (SET) agree to collaborate on various financial services within the state of Arizona. This comprehensive agreement ensures that both parties operate in accordance with the applicable laws, rules, and regulations of the state. Main Content: 1. Purpose of the Arizona Participation Agreement: The purpose of this agreement is to facilitate the partnership between First American and SET in providing financial products and services within Arizona. It outlines the roles, responsibilities, and obligations of both parties to ensure compliance with the state's legal framework and meet the needs of their clients. 2. Scope and Duration: The agreement's scope clearly defines the specific products, services, and activities that fall under its purview. It also outlines the duration of the agreement, specifying the start and end dates, renewal options, and termination clauses if applicable. 3. Roles and Responsibilities: a. First American: This section highlights the responsibilities of First American, which could include asset management, financial planning, and other related services. It outlines their commitment to adhere to industry-standard practices, manage client accounts diligently, and maintain compliance with Arizona regulations. b. SET Investments Distribution Co.: Here, the specific responsibilities of SET are defined, including the distribution, marketing, and sale of financial products and services offered by First American. This section emphasizes SET's compliance with state laws, regulations, and licensing requirements. 4. Regulatory Compliance: This vital segment describes how both parties shall operate under the regulatory framework established by the Arizona Corporation Commission (ACC) and relevant governing bodies. It emphasizes the importance of maintaining appropriate licenses, registrations, and compliance with all provisions to protect investor interests. 5. Confidentiality and Data Security: This section highlights the privacy and data protection measures that both parties must adhere to regarding client information. It ensures that sensitive data is protected, and strict confidentiality protocols are followed to maintain the trust of clients and comply with applicable laws, such as the Arizona Data Breach Notification Law. 6. Dispute Resolution and Governing Law: In the event of any disputes arising from the agreement, this section outlines the mechanisms for resolution, such as arbitration or mediation. It also specifies that Arizona state law will govern the agreement, ensuring consistency with the state's legal requirements. Types of Arizona Participation Agreements: 1. Arizona Participation Agreement for Financial Advisory Services: This agreement covers the collaboration between First American and SET for the provision of financial advisory services, including investment advice, asset management, and financial planning. 2. Arizona Participation Agreement for Product Distribution: This type of agreement focuses on the distribution, marketing, and sale of financial products offered by First American, facilitated by SET within the state of Arizona. Conclusion: The Arizona Participation Agreement between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. plays a crucial role in guiding their partnership within the financial services sector in Arizona. By adhering to this agreement, both parties can ensure regulatory compliance, protect client interests, and successfully offer a wide range of financial products and services to their customers in the state.

Title: Arizona Participation Agreement between First American Ins. Portfolios, Inc., SET Investments Distribution Co.: Explained Introduction: An Arizona Participation Agreement is a legally binding document that establishes the terms and conditions in which First American Ins. Portfolios, Inc. (First American) and SET Investments Distribution Co. (SET) agree to collaborate on various financial services within the state of Arizona. This comprehensive agreement ensures that both parties operate in accordance with the applicable laws, rules, and regulations of the state. Main Content: 1. Purpose of the Arizona Participation Agreement: The purpose of this agreement is to facilitate the partnership between First American and SET in providing financial products and services within Arizona. It outlines the roles, responsibilities, and obligations of both parties to ensure compliance with the state's legal framework and meet the needs of their clients. 2. Scope and Duration: The agreement's scope clearly defines the specific products, services, and activities that fall under its purview. It also outlines the duration of the agreement, specifying the start and end dates, renewal options, and termination clauses if applicable. 3. Roles and Responsibilities: a. First American: This section highlights the responsibilities of First American, which could include asset management, financial planning, and other related services. It outlines their commitment to adhere to industry-standard practices, manage client accounts diligently, and maintain compliance with Arizona regulations. b. SET Investments Distribution Co.: Here, the specific responsibilities of SET are defined, including the distribution, marketing, and sale of financial products and services offered by First American. This section emphasizes SET's compliance with state laws, regulations, and licensing requirements. 4. Regulatory Compliance: This vital segment describes how both parties shall operate under the regulatory framework established by the Arizona Corporation Commission (ACC) and relevant governing bodies. It emphasizes the importance of maintaining appropriate licenses, registrations, and compliance with all provisions to protect investor interests. 5. Confidentiality and Data Security: This section highlights the privacy and data protection measures that both parties must adhere to regarding client information. It ensures that sensitive data is protected, and strict confidentiality protocols are followed to maintain the trust of clients and comply with applicable laws, such as the Arizona Data Breach Notification Law. 6. Dispute Resolution and Governing Law: In the event of any disputes arising from the agreement, this section outlines the mechanisms for resolution, such as arbitration or mediation. It also specifies that Arizona state law will govern the agreement, ensuring consistency with the state's legal requirements. Types of Arizona Participation Agreements: 1. Arizona Participation Agreement for Financial Advisory Services: This agreement covers the collaboration between First American and SET for the provision of financial advisory services, including investment advice, asset management, and financial planning. 2. Arizona Participation Agreement for Product Distribution: This type of agreement focuses on the distribution, marketing, and sale of financial products offered by First American, facilitated by SET within the state of Arizona. Conclusion: The Arizona Participation Agreement between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. plays a crucial role in guiding their partnership within the financial services sector in Arizona. By adhering to this agreement, both parties can ensure regulatory compliance, protect client interests, and successfully offer a wide range of financial products and services to their customers in the state.