Maine Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York

• Category: Corporations - Public - Participation
• State: Multi-State
• Control #: US-EG-9362
• Format: Word; Rich Text

Description

Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York and Fidelity Distributors Corporation regarding the permission of shares of the Fund to be sold and held by variable annuity and variable Maine Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York is a legal document that outlines the terms and conditions of the investment agreement between the mentioned parties. It governs the participation of Lincoln Life and Annuity Company of New York, referred to as the "Investor," in Variable Insurance Products Fund, III, also known as the "Fund." This agreement is specifically designed to comply with Maine state laws and regulations. The Maine Participation Agreement defines the roles and responsibilities of both parties. It outlines the Investor's initial investment amount and subsequent contributions, specifying the Unit Value and the number of units held by the Investor. It also states the Investor's rights, such as the ability to redeem the units and receive proceeds according to the redemption procedures outlined in the agreement. The agreement highlights the Fund's investment objectives, strategies, and limitations. It describes the types of investments the Fund may engage in, including stocks, bonds, and other securities, as well as any constraints imposed by Maine state regulations. The agreement also provides clarity on the Fund's risk profile and the potential risks associated with investing in it. Additionally, the Maine Participation Agreement explains the fees and expenses incurred by the Investor. It discloses any management fees, administrative charges, or operating expenses that may be deducted from the Fund's assets, affecting the Investor's overall returns. These fee structures are outlined in detail to ensure transparency and avoid any misunderstandings. It is important to note that while this description provides a general overview, there may be various types of Maine Participation Agreements between Variable Insurance Products Fund, III, and Lincoln Life and Annuity Company of New York. These types may differ based on specific investment strategies, durations, or additional provisions specific to certain product offerings. It is advisable to refer to the specific agreement in question to fully understand the terms and conditions applicable to each unique agreement.

Maine Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York is a legal document that outlines the terms and conditions of the investment agreement between the mentioned parties. It governs the participation of Lincoln Life and Annuity Company of New York, referred to as the "Investor," in Variable Insurance Products Fund, III, also known as the "Fund." This agreement is specifically designed to comply with Maine state laws and regulations. The Maine Participation Agreement defines the roles and responsibilities of both parties. It outlines the Investor's initial investment amount and subsequent contributions, specifying the Unit Value and the number of units held by the Investor. It also states the Investor's rights, such as the ability to redeem the units and receive proceeds according to the redemption procedures outlined in the agreement. The agreement highlights the Fund's investment objectives, strategies, and limitations. It describes the types of investments the Fund may engage in, including stocks, bonds, and other securities, as well as any constraints imposed by Maine state regulations. The agreement also provides clarity on the Fund's risk profile and the potential risks associated with investing in it. Additionally, the Maine Participation Agreement explains the fees and expenses incurred by the Investor. It discloses any management fees, administrative charges, or operating expenses that may be deducted from the Fund's assets, affecting the Investor's overall returns. These fee structures are outlined in detail to ensure transparency and avoid any misunderstandings. It is important to note that while this description provides a general overview, there may be various types of Maine Participation Agreements between Variable Insurance Products Fund, III, and Lincoln Life and Annuity Company of New York. These types may differ based on specific investment strategies, durations, or additional provisions specific to certain product offerings. It is advisable to refer to the specific agreement in question to fully understand the terms and conditions applicable to each unique agreement.