The Harris Texas Participation Agreement is a contractual agreement between the Variable Insurance Products Fund, III (VIP III), and the Lincoln Life and Annuity Company of New York (Lincoln). This agreement outlines the terms and conditions under which VIP III will participate in investments and insurance products offered by Lincoln in the state of Texas. Keywords: — Harris Texas ParticipatioAgreementen— - Variable Insurance Products Fund, III — Lincoln Life and Annuity Company of New York — investment— - insurance products - contractual agreement — terms and condition— - participation Types of Harris Texas Participation Agreement between VIP III and Lincoln: 1. Investment Participation Agreement: This type of participation agreement defines the terms under which VIP III can participate in investment products offered by Lincoln in Texas. It outlines the specific funds, assets, and investment strategies that VIP III can access through Lincoln. 2. Insurance Product Participation Agreement: This agreement focuses on the participation of VIP III in insurance products provided by Lincoln in Texas. It specifies the types of insurance policies, coverage options, and benefits that VIP III can offer to its clients through Lincoln. 3. Exclusive Partnership Participation Agreement: In some cases, VIP III and Lincoln may enter into an exclusive partnership agreement, wherein VIP III acts as the sole distributor of Lincoln's investment and insurance products in Texas. This agreement ensures that VIP III receives exclusive rights to promote and distribute Lincoln's products in the state. 4. Renewal or Amendment Agreement: In order to reflect changes in regulations, market conditions, or business needs, VIP III and Lincoln may enter into renewal or amendment agreements. These agreements modify or extend the terms of the original participation agreement, allowing both parties to adapt to evolving circumstances within the Texas market. By establishing a Harris Texas Participation Agreement, VIP III and Lincoln create a solid foundation for their collaboration in offering investment and insurance products to clients in the state. This agreement ensures clear guidelines and expectations between both parties, ultimately benefiting their customers by providing access to enhanced investment opportunities and comprehensive insurance coverage.
Harris Texas Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York
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