Connecticut Participation Agreement between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. A Connecticut Participation Agreement between First American Ins. Portfolios, Inc. (FAIR) and SET Investments Distribution Co. (SET) refers to an agreement that outlines the terms and conditions for the participation of FAIR in investment programs offered by SET in the state of Connecticut. This agreement establishes a legally binding relationship between the two entities and governs their collaborative efforts in providing investment solutions and services to the investors in Connecticut. The main purpose of this participation agreement is to define the roles, responsibilities, and obligations of both FAIR and SET in the investment programs conducted within the state. It ensures compliance with regulatory requirements and safeguards the interests of the investors involved. Key elements of the Connecticut Participation Agreement include: 1. Scope of Participation: The agreement outlines the specific investment programs in which FAIR will participate as offered by SET in Connecticut. It may include mutual fund programs, advisory services, retirement plans, or other investment options. 2. Responsibilities of FAIR: The agreement elaborates on the responsibilities of FAIR as a participant in the investment programs. This may include marketing and promoting the programs, providing necessary documentation, and ensuring compliance with applicable laws and regulations. 3. Responsibilities of SET: The participation agreement also details the responsibilities of SET as the program provider. It encompasses managing the investment programs, handling investor inquiries, maintaining regulatory compliance, and delivering performance reports and account statements. 4. Compensation: The agreement outlines the compensation and fee structure between FAIR and SET. It clarifies how FAIR will be compensated for its participation in the programs and how SET will be compensated for managing the programs. 5. Confidentiality and Data Protection: This section addresses the confidentiality of investor information and data protection measures that both FAIR and SET must abide by. It ensures the privacy and security of sensitive information shared during the course of their collaboration. Different types of Connecticut Participation Agreements between FAIR and SET may exist based on the nature and scope of the investment programs involved. Some examples might include: 1. Connecticut Participation Agreement for Mutual Fund Programs: This agreement specifically focuses on FAIR's participation in SET's mutual fund programs offered in Connecticut. 2. Connecticut Participation Agreement for Retirement Plans: This type of agreement outlines the participation of FAIR in SET's retirement plan investment programs in Connecticut, addressing compliance with state and federal regulations in this context. 3. Connecticut Participation Agreement for Advisory Services: This agreement pertains to FAIR's participation in SET's advisory services, wherein FAIR provides investment advice to investors using SET's platform in Connecticut. In summary, the Connecticut Participation Agreement between FAIR and SET establishes the terms of collaboration, responsibilities, compensation, and compliance requirements for their joint provision of investment programs in the state. It is essential for both parties to protect their interests and ensure a transparent and efficient investment process for the benefit of the investors in Connecticut.