The Mississippi Participation Agreement between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York is a legal document that outlines the terms and conditions of the participation of the Variable Insurance Products Fund, III (the "Fund") in the state of Mississippi, with specific involvement from Lincoln Life and Annuity Company of New York. The agreement establishes a framework for the relationship between the Fund and the company, ensuring compliance with relevant laws and regulations in the state of Mississippi. It details the responsibilities and obligations of each party involved, aiming to protect the interests of both the Fund and Lincoln Life and Annuity Company of New York. Key terms and provisions within the Mississippi Participation Agreement may include: 1. Participation Details: The agreement will outline the specifics of the Fund's participation in Mississippi, such as the types of variable insurance products covered, the investment strategies, and any limitations or restrictions. 2. Compliance and Regulation: The agreement will address the legal and regulatory requirements of operating within Mississippi, ensuring that both the Fund and Lincoln Life and Annuity Company of New York adhere to all applicable laws, statutes, and regulations. 3. Reporting and Disclosures: The agreement will establish the reporting and disclosure obligations of both parties. It will outline the frequency and content of reports that the Fund must provide to Lincoln Life and Annuity Company of New York, as well as any requirements for disclosure to the state authorities or investors. 4. Compensation and Fees: The agreement may address the compensation structure between the Fund and Lincoln Life and Annuity Company of New York, including any fees associated with the participation in Mississippi. This section will clarify how and when payments will be made, ensuring transparency and fairness. 5. Termination and Amendment: The agreement may include provisions for the termination or amendment of the agreement. This ensures that both parties have the ability to modify or cease their participation if circumstances change or if it becomes necessary to comply with new regulations. It's important to note that while there may be different agreements between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York, these will likely pertain to separate jurisdictions or specific products. The Mississippi Participation Agreement specifically focuses on the Fund's participation in Mississippi and serves as a legally binding document for compliance purposes in that state.