Pennsylvania 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 Pennsylvania Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP, is a comprehensive contract outlining the terms and conditions of the Wholesale business relationship and the distribution of financial products. This agreement is specifically applicable in the state of Pennsylvania and involves major parties such as Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP. The Pennsylvania Wholesale Agreement serves as a legal document that solidifies the partnership between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP. It ensures fair dealing, clear communication, and compliance with all applicable laws and regulations. The agreement establishes the roles and responsibilities of each party involved. Lincoln Life and Annuity Co. of New York is responsible for providing the financial products, such as life insurance and annuities, which will be distributed through the wholesale channel. Lincoln Financial Advisors Corp. and Delaware Distributors, LP serves as intermediaries, responsible for promoting, marketing, and selling these products to clients in Pennsylvania effectively. The Pennsylvania Wholesale Agreement includes provisions related to the compensation structure, which outlines how commissions and fees will be distributed to each party involved. It also specifies the reporting requirements, including the frequency and format for delivering sales and transaction data. Compliance with all applicable regulatory requirements, such as those set forth by the Pennsylvania Department of Insurance, is emphasized within the document. Different variations of the Pennsylvania Wholesale Agreement between these entities may exist to cater to distinct product lines or specific distribution channels. For instance, there might be separate agreements tailored for life insurance products, annuities, or investment products. These specialized agreements will address the unique considerations and requirements associated with each type of financial product. In summary, the Pennsylvania Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP solidifies the business relationship and governs the distribution of financial products in Pennsylvania. It ensures transparency, compliance, and fair dealing among the parties involved, while accommodating various types of financial products under separate agreements.

The Pennsylvania Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP, is a comprehensive contract outlining the terms and conditions of the Wholesale business relationship and the distribution of financial products. This agreement is specifically applicable in the state of Pennsylvania and involves major parties such as Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP. The Pennsylvania Wholesale Agreement serves as a legal document that solidifies the partnership between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP. It ensures fair dealing, clear communication, and compliance with all applicable laws and regulations. The agreement establishes the roles and responsibilities of each party involved. Lincoln Life and Annuity Co. of New York is responsible for providing the financial products, such as life insurance and annuities, which will be distributed through the wholesale channel. Lincoln Financial Advisors Corp. and Delaware Distributors, LP serves as intermediaries, responsible for promoting, marketing, and selling these products to clients in Pennsylvania effectively. The Pennsylvania Wholesale Agreement includes provisions related to the compensation structure, which outlines how commissions and fees will be distributed to each party involved. It also specifies the reporting requirements, including the frequency and format for delivering sales and transaction data. Compliance with all applicable regulatory requirements, such as those set forth by the Pennsylvania Department of Insurance, is emphasized within the document. Different variations of the Pennsylvania Wholesale Agreement between these entities may exist to cater to distinct product lines or specific distribution channels. For instance, there might be separate agreements tailored for life insurance products, annuities, or investment products. These specialized agreements will address the unique considerations and requirements associated with each type of financial product. In summary, the Pennsylvania Wholesale Agreement between Lincoln Life and Annuity Co. of New York, Lincoln Financial Advisors Corp., and Delaware Distributors, LP solidifies the business relationship and governs the distribution of financial products in Pennsylvania. It ensures transparency, compliance, and fair dealing among the parties involved, while accommodating various types of financial products under separate agreements.