establish and maintain the Accounts in connection with which Products are provided.
Each party represents that it will inform the others in writing of any termination or applicable limitation of its authority to do business in any jurisdiction in which they have are or are seeking to make Products available to Wealth Manager’s clients. Such writing must occur no more than seven days after such termination of authority.
Investment Risk Profiles
Prior to each specific Product being made available to clients of the Wealth Manager, the Insurance Company and the Wealth Manager will select the Wealth Manager’s investment risk profiles that will be available for Accounts. The agreed upon profiles are detailed in Schedule [ ]. From time to time thereafter, the Insurance Company and the Wealth Manager may agree to make available different profiles, both for existing Products and for new.
The Wealth Manager will not make changes to the agreed upon profiles noted in Schedule [ ] without consent of the Insurance Company.
The Wealth Manager will inform the Insurance Company in a timely fashion if the investments in an Account violate the agreed upon profile. The Wealth Manager also will immediately inform the Insurance Company if the violation is not cured within [ ] days. Should the cure not occur, the Insurance Company retains the right to terminate the applicable Product, as outlined in the Product’s provisions.
The Insurance Company retains the right to audit the Wealth Manager’s procedures for insuring that the assets maintained in the Accounts and the asset allocations meet the guidelines for the agreed upon profiles.
Making Products Available to Wealth Manager’s Clients
The Insurance Company is not engaging the Wealth Manager to provide referrals of its clients to the Insurance Company or to its licensed agents pursuant to this Agreement. Under this Agreement, the Insurance Company is not compensating the Wealth Manager or any of its employees, contractors or affiliates for the referral of its clients to the Insurance Company or any licensed agents of the Insurance Company, or for the election by its clients of such Products. Any referral