Hawaii Participation Agreements refer to contractual agreements between Variable Insurance Products Fund, III (VIP), and Lincoln Life and Annuity Company of New York (LACEY). These agreements outline the terms and conditions under which Lincoln Life and Annuity Company of New York will participate in the variable insurance products offered by VIP in the state of Hawaii. These participation agreements are designed to establish a mutually beneficial relationship between VIP and LACEY, ensuring that both parties actively collaborate in the sale and distribution of variable insurance products in Hawaii. By entering into a participation agreement, LACEY gains access to VIP's product portfolio, enabling them to offer a wide range of variable insurance options to their customers. The Hawaii Participation Agreement stipulates various key elements, such as the nature of the products covered, sales and marketing guidelines, compensation and commissions, compliance requirements, reporting procedures, and dispute resolution mechanisms. These agreements are specific to the state of Hawaii and may differ from those in other regions or states. It is important to note that there can be different types of Hawaii Participation Agreements between VIP and LACEY, depending on the specific variables and circumstances involved. These may include agreement variations based on the type of variable insurance product, the target market, or any other factors that require customization. Some potential variations of the Hawaii Participation Agreement between VIP and LACEY could include: 1. Hawaii Participation Agreement for Variable Universal Life Insurance: This agreement focuses on the participation of LACEY in the sale and distribution of variable universal life insurance products offered by VIP in Hawaii. 2. Hawaii Participation Agreement for Variable Annuities: This agreement specifically addresses LACEY's participation in the promotion and sale of variable annuity products offered by VIP in the Hawaiian market. 3. Hawaii Participation Agreement for Variable Universal Life Insurance and Variable Annuities: In this type of agreement, both variable universal life insurance and variable annuities are covered, allowing LACEY to offer a comprehensive suite of variable insurance products to their customers in Hawaii. In conclusion, the Hawaii Participation Agreements between Variable Insurance Products Fund, III, and Lincoln Life and Annuity Company of New York are crucial documents that establish the terms of collaboration between the two entities. By entering into these agreements, LACEY gains access to VIP's variable insurance products, enabling them to expand their offerings and better meet the financial needs of their customers in the state of Hawaii.
Hawaii Participation Agreements refer to contractual agreements between Variable Insurance Products Fund, III (VIP), and Lincoln Life and Annuity Company of New York (LACEY). These agreements outline the terms and conditions under which Lincoln Life and Annuity Company of New York will participate in the variable insurance products offered by VIP in the state of Hawaii. These participation agreements are designed to establish a mutually beneficial relationship between VIP and LACEY, ensuring that both parties actively collaborate in the sale and distribution of variable insurance products in Hawaii. By entering into a participation agreement, LACEY gains access to VIP's product portfolio, enabling them to offer a wide range of variable insurance options to their customers. The Hawaii Participation Agreement stipulates various key elements, such as the nature of the products covered, sales and marketing guidelines, compensation and commissions, compliance requirements, reporting procedures, and dispute resolution mechanisms. These agreements are specific to the state of Hawaii and may differ from those in other regions or states. It is important to note that there can be different types of Hawaii Participation Agreements between VIP and LACEY, depending on the specific variables and circumstances involved. These may include agreement variations based on the type of variable insurance product, the target market, or any other factors that require customization. Some potential variations of the Hawaii Participation Agreement between VIP and LACEY could include: 1. Hawaii Participation Agreement for Variable Universal Life Insurance: This agreement focuses on the participation of LACEY in the sale and distribution of variable universal life insurance products offered by VIP in Hawaii. 2. Hawaii Participation Agreement for Variable Annuities: This agreement specifically addresses LACEY's participation in the promotion and sale of variable annuity products offered by VIP in the Hawaiian market. 3. Hawaii Participation Agreement for Variable Universal Life Insurance and Variable Annuities: In this type of agreement, both variable universal life insurance and variable annuities are covered, allowing LACEY to offer a comprehensive suite of variable insurance products to their customers in Hawaii. In conclusion, the Hawaii Participation Agreements between Variable Insurance Products Fund, III, and Lincoln Life and Annuity Company of New York are crucial documents that establish the terms of collaboration between the two entities. By entering into these agreements, LACEY gains access to VIP's variable insurance products, enabling them to expand their offerings and better meet the financial needs of their customers in the state of Hawaii.
