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Document Preview Selected Broker Agreement |
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Title: |
Selected Broker Agreement |
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Date: |
2007 |
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Size: |
Preview shows 5KB of 43KB total |
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Price: |
$42 |
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ID: |
#2835675 |
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SELECTED BROKER AGREEMENT
This Agreement, dated__________________________,20____, is made by and between
Transamerica Capital, Inc. Corporation ("Distributor"), a Pennsylvania
corporation, Transamerica Life Insurance Company ("Company"), an Iowa
corporation, and _________________________________________________ ("Broker"), a
_________ corporation. This Agreement supersedes and replaces any prior Selected
Broker Agreement among the parties hereto.
WITNESSETH:
In consideration of the mutual promises contained herein, the parties
hereto agree as follows:
A. Definitions
(1) 1933 Act -- The Securities Act of 1933, as amended, and regulations
issued pursuant thereto.
(2) 1934 Act -- The Securities Exchange Act of 1934, as amended, and
regulations issued pursuant thereto.
(3) 1940 Act -- The Investment Company Act of 1940, as amended, and
regulations issued pursuant thereto.
(4) Accounts -- Separate accounts established and maintained by Company
pursuant to the laws of Iowa, as applicable.
(5) Contracts -- Private Contracts and/or Public Contracts, as the case
may be.
(6) Funds -- open-end management investment companies registered under the
1940 Act, shares of which are sold to Accounts in connection with the
sale of Contracts, as described in the appropriate Prospectus or
Private Placement Memorandum.
(7) NASD -- The National Association of Securities Dealers, Inc.
(8) Private Contracts -- Variable life insurance contracts and/or variable
annuity contracts not subject to, or exempt from registration under,
the 1933 Act and described in Schedule A attached hereto, issued by
Company and for which Distributor has been appointed the principal
underwriter pursuant to distribution agreements, copies of which have
been furnished to Broker.
(9) Private Placement Memorandum -- Offering memoranda, including
amendments or supplements thereto, that describe Private Contracts.
(10) Prospectus -- Prospectuses, including amendments or supplements
thereto, contained in a Registration Statement.
(11) Public Contracts -- Variable life insurance contracts and/or variable
annuity contracts required to be registered under the 1933 Act and
described in Schedule B attached hereto, issued by Company and for
which Distributor has been appointed the principal underwriter
pursuant to distribution agreements, copies of which have been
furnished to Broker.
(12) Registration Statement -- Registration statements, including
amendments thereto, relating to Contracts, Accounts and Funds,
including financial statements and all exhibits.
(13) SEC -- The Securities and Exchange Commission.
B. Agreements of Distributor
(1) Pursuant to the authority delegated to it by Company, Distributor
hereby authorizes Broker to solicit applications for Contracts from
eligible persons during the term of this Agreement, provided that:
(a) Broker has been notified by Distributor that Contracts are
qualified for sale, or exempt from such qualification, under all
applicable securities and insurance laws of the states or
jurisdictions in which applications will be solicited, and
(b) there is an effective Registration Statement relating to those
Contracts that are Public Contracts.
In connection with the solicitation of applications for Contracts,
Broker is hereby authorized to offer riders that are available with
Contracts in accordance with instructions furnished by Distributor or
Company.
(2) During the term of this Agreement, Distributor shall notify Broker of
any action or circumstance that may prevent the lawful sale of
Contracts in any state or jurisdiction, including the issuance by the
SEC of any stop order with respect to a Registration Statement or the
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