Nassau New York Amended and Restated Principal Underwriting Agreement regarding Issuance of variable annuity contracts and life insurance

• Category: Corporations - Public - Agreements - Underwriting
• State: Multi-State
• County: Nassau
• Control #: US-EG-9360
• Format: Word; Rich Text

Description

Underwriting Agreement between Lincoln Life and Annuity Company of New York and Lincoln Financial Advisors Corporation regarding the issuance of public certain variable annuity contracts and variable life insurance The Nassau New York Amended and Restated Principal Underwriting Agreement is a legal document that governs the issuance of variable annuity contracts and life insurance policies by Nassau New York. This agreement outlines the terms and conditions under which these financial products are underwritten by the company. Under the Nassau New York Amended and Restated Principal Underwriting Agreement, several types of agreements can be found, each pertaining to specific aspects of variable annuity contracts and life insurance issuance. These agreements include: 1. Variable annuity underwriting agreement: This agreement defines the terms and conditions for underwriting variable annuity contracts. It covers aspects such as investment options, fees and charges, surrender periods, death benefits, and annuitization options. 2. Life insurance underwriting agreement: This agreement focuses on the underwriting process for life insurance policies. It includes guidelines for determining the insurability of applicants, premium rates, policy terms, death benefit options, and policy riders. 3. Reinsurance underwriting agreement: This type of agreement relates to the reinsurance of variable annuity contracts and life insurance policies issued by Nassau New York. It outlines the terms and conditions under which another insurance company assumes part or all of the insurance risk. 4. Amended and Restated underwriting agreement: This specialized agreement highlights any modifications or updates made to the original underwriting agreement and serves as an amended version with updated terms and conditions. The Nassau New York Amended and Restated Principal Underwriting Agreement is designed to ensure compliance with applicable laws and regulations governing the issuance of variable annuities and life insurance policies. It provides clarity and transparency for both parties involved, assuring policyholders that their insurance needs are met and setting guidelines for underwriters to follow. Keywords: Nassau New York, Amended and Restated Principal Underwriting Agreement, variable annuity contracts, life insurance, underwriting, investment options, fees and charges, surrender periods, death benefits, annuitization options, insurability, premium rates, policy terms, policy riders, reinsurance, compliance, transparency.

The Nassau New York Amended and Restated Principal Underwriting Agreement is a legal document that governs the issuance of variable annuity contracts and life insurance policies by Nassau New York. This agreement outlines the terms and conditions under which these financial products are underwritten by the company. Under the Nassau New York Amended and Restated Principal Underwriting Agreement, several types of agreements can be found, each pertaining to specific aspects of variable annuity contracts and life insurance issuance. These agreements include: 1. Variable annuity underwriting agreement: This agreement defines the terms and conditions for underwriting variable annuity contracts. It covers aspects such as investment options, fees and charges, surrender periods, death benefits, and annuitization options. 2. Life insurance underwriting agreement: This agreement focuses on the underwriting process for life insurance policies. It includes guidelines for determining the insurability of applicants, premium rates, policy terms, death benefit options, and policy riders. 3. Reinsurance underwriting agreement: This type of agreement relates to the reinsurance of variable annuity contracts and life insurance policies issued by Nassau New York. It outlines the terms and conditions under which another insurance company assumes part or all of the insurance risk. 4. Amended and Restated underwriting agreement: This specialized agreement highlights any modifications or updates made to the original underwriting agreement and serves as an amended version with updated terms and conditions. The Nassau New York Amended and Restated Principal Underwriting Agreement is designed to ensure compliance with applicable laws and regulations governing the issuance of variable annuities and life insurance policies. It provides clarity and transparency for both parties involved, assuring policyholders that their insurance needs are met and setting guidelines for underwriters to follow. Keywords: Nassau New York, Amended and Restated Principal Underwriting Agreement, variable annuity contracts, life insurance, underwriting, investment options, fees and charges, surrender periods, death benefits, annuitization options, insurability, premium rates, policy terms, policy riders, reinsurance, compliance, transparency.