Vermont 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 The Vermont Participation Agreement between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York is a legally binding contract that outlines the terms and conditions of their partnership in offering variable insurance products in the state of Vermont. This agreement sets forth the roles and responsibilities of each party involved and governs the relationship between them. The main purpose of this agreement is to establish a framework for the operation and administration of variable insurance products offered by Variable Insurance Products Fund, III and distributed by Lincoln Life and Annuity Company of New York in Vermont. By entering into this agreement, both parties commit to abiding by the laws and regulations governing the insurance industry in Vermont and ensuring compliance with all relevant legal and regulatory requirements. This participation agreement covers various aspects, including product development, marketing, sales, distribution, customer service, and ongoing compliance. It details the responsibilities of Variable Insurance Products Fund, III, which typically include managing the investment options available within the variable insurance products, maintaining the fund's operations, and providing support and information to Lincoln Life and Annuity Company of New York for sales and marketing purposes. On the other hand, Lincoln Life and Annuity Company of New York's obligations revolve around the distribution of the variable insurance products offered by Variable Insurance Products Fund, III. This may involve marketing and promoting the products, training their agents and representatives about the features and benefits of the products, and facilitating the sales process. Additionally, this participation agreement may also outline requirements related to reporting, record-keeping, auditing, and regulatory filings to ensure transparency and regulatory compliance. Both parties may agree to establish certain performance benchmarks, such as sales targets or customer satisfaction metrics, to gauge the success of their partnership and to incentivize mutual growth and financial success. It is worth noting that there may be different types of Vermont Participation Agreements between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York tailored to specific variable insurance products or product lines. These agreements may differ in terms of product features, fees, investment options, or other relevant aspects. Each agreement's specifics are likely dependent on the mutual agreement reached between the two parties and the nature of the products being offered in Vermont.

The Vermont Participation Agreement between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York is a legally binding contract that outlines the terms and conditions of their partnership in offering variable insurance products in the state of Vermont. This agreement sets forth the roles and responsibilities of each party involved and governs the relationship between them. The main purpose of this agreement is to establish a framework for the operation and administration of variable insurance products offered by Variable Insurance Products Fund, III and distributed by Lincoln Life and Annuity Company of New York in Vermont. By entering into this agreement, both parties commit to abiding by the laws and regulations governing the insurance industry in Vermont and ensuring compliance with all relevant legal and regulatory requirements. This participation agreement covers various aspects, including product development, marketing, sales, distribution, customer service, and ongoing compliance. It details the responsibilities of Variable Insurance Products Fund, III, which typically include managing the investment options available within the variable insurance products, maintaining the fund's operations, and providing support and information to Lincoln Life and Annuity Company of New York for sales and marketing purposes. On the other hand, Lincoln Life and Annuity Company of New York's obligations revolve around the distribution of the variable insurance products offered by Variable Insurance Products Fund, III. This may involve marketing and promoting the products, training their agents and representatives about the features and benefits of the products, and facilitating the sales process. Additionally, this participation agreement may also outline requirements related to reporting, record-keeping, auditing, and regulatory filings to ensure transparency and regulatory compliance. Both parties may agree to establish certain performance benchmarks, such as sales targets or customer satisfaction metrics, to gauge the success of their partnership and to incentivize mutual growth and financial success. It is worth noting that there may be different types of Vermont Participation Agreements between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York tailored to specific variable insurance products or product lines. These agreements may differ in terms of product features, fees, investment options, or other relevant aspects. Each agreement's specifics are likely dependent on the mutual agreement reached between the two parties and the nature of the products being offered in Vermont.