Oregon Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp. and Delaware Distributors, LP

• Category: Corporations - Public - Agreements
• State: Multi-State
• Control #: US-EG-9361
• Format: Word; Rich Text

Description

Wholesale Agreement between Lincoln Life and Annuity Company of New York, Lincoln Financial Advisors Corporation and Delaware Distributors, LP regarding the establishment of an arrangement for company to act as a wholesaler for variable annuity and The Oregon Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP is a comprehensive contract that outlines the terms and conditions of a wholesale distribution partnership focused on the state of Oregon. This agreement allows for the distribution of various financial products, including annuities and life insurance policies, through a network of authorized wholesalers and financial advisors. Key stakeholders involved in this agreement include Lincoln Life and Annuity Co. of New York, responsible for underwriting and providing the annuities and life insurance policies, Lincoln Financial Advisors Corp., representing the network of financial advisors who will sell these products, and Delaware Distributors, LP, serving as the wholesale distributor responsible for managing the relationship between the two parties. The Oregon Wholesale Agreement aims to formalize the collaboration between these entities by establishing guidelines on sales practices, compliance standards, product offerings, compensation terms, and other essential aspects of the distribution process. The agreement ensures that all parties involved operate in accordance with relevant laws, regulations, and industry best practices, fostering a transparent and efficient distribution ecosystem. Within the realm of Oregon Wholesale Agreement, there might be several types or variations depending on the specific product lines, distribution methods, or other unique characteristics. These could include: 1. Oregon Wholesale Agreement for Annuities: This agreement focuses primarily on the distribution of annuity products within the state of Oregon. It may introduce specific provisions related to the suitability of annuities for different customer profiles, regulatory compliance, and sales training requirements. 2. Oregon Wholesale Agreement for Life Insurance: This type of agreement emphasizes the distribution of life insurance policies within Oregon. It may address specific aspects, such as state-specific regulations, commission structures, and marketing support for this particular product line. 3. Oregon Wholesale Agreement for Mutual Funds: If the partnership extends beyond annuities and life insurance, there might be an additional agreement dedicated to the distribution of mutual funds in Oregon. This agreement would cover aspects such as fund selection, commission structures, compliance with investment regulations, and training for financial advisors. 4. Variations by Distribution Channel: The agreement may also differ based on the distribution channel employed. For instance, separate agreements might exist for wholesale distribution through independent broker-dealers versus distribution through banks or other financial institutions. These variations allow for specific terms and conditions tailored to the characteristics and requirements of each distribution channel. In conclusion, the Oregon Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP establishes the framework for the wholesale distribution of financial products in Oregon. This agreement promotes cooperation, compliance, and effective sales practices among the involved entities, ensuring the delivery of quality financial solutions to customers throughout the state.

The Oregon Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP is a comprehensive contract that outlines the terms and conditions of a wholesale distribution partnership focused on the state of Oregon. This agreement allows for the distribution of various financial products, including annuities and life insurance policies, through a network of authorized wholesalers and financial advisors. Key stakeholders involved in this agreement include Lincoln Life and Annuity Co. of New York, responsible for underwriting and providing the annuities and life insurance policies, Lincoln Financial Advisors Corp., representing the network of financial advisors who will sell these products, and Delaware Distributors, LP, serving as the wholesale distributor responsible for managing the relationship between the two parties. The Oregon Wholesale Agreement aims to formalize the collaboration between these entities by establishing guidelines on sales practices, compliance standards, product offerings, compensation terms, and other essential aspects of the distribution process. The agreement ensures that all parties involved operate in accordance with relevant laws, regulations, and industry best practices, fostering a transparent and efficient distribution ecosystem. Within the realm of Oregon Wholesale Agreement, there might be several types or variations depending on the specific product lines, distribution methods, or other unique characteristics. These could include: 1. Oregon Wholesale Agreement for Annuities: This agreement focuses primarily on the distribution of annuity products within the state of Oregon. It may introduce specific provisions related to the suitability of annuities for different customer profiles, regulatory compliance, and sales training requirements. 2. Oregon Wholesale Agreement for Life Insurance: This type of agreement emphasizes the distribution of life insurance policies within Oregon. It may address specific aspects, such as state-specific regulations, commission structures, and marketing support for this particular product line. 3. Oregon Wholesale Agreement for Mutual Funds: If the partnership extends beyond annuities and life insurance, there might be an additional agreement dedicated to the distribution of mutual funds in Oregon. This agreement would cover aspects such as fund selection, commission structures, compliance with investment regulations, and training for financial advisors. 4. Variations by Distribution Channel: The agreement may also differ based on the distribution channel employed. For instance, separate agreements might exist for wholesale distribution through independent broker-dealers versus distribution through banks or other financial institutions. These variations allow for specific terms and conditions tailored to the characteristics and requirements of each distribution channel. In conclusion, the Oregon Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP establishes the framework for the wholesale distribution of financial products in Oregon. This agreement promotes cooperation, compliance, and effective sales practices among the involved entities, ensuring the delivery of quality financial solutions to customers throughout the state.