Title: Understanding the Hawaii Participation Agreement between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. Introduction: The Hawaii Participation Agreement between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. is a crucial document that outlines the terms, conditions, and provisions of their collaboration in offering investment products to clients in the state of Hawaii. This agreement aims to foster a mutually beneficial relationship between the two companies, ensuring the delivery of quality financial services. In this article, we will delve into the details of the Hawaii Participation Agreement, its purpose, key provisions, and any different types that may exist. 1. Purpose of the Hawaii Participation Agreement: The Hawaii Participation Agreement serves as a legal framework defining the scope of cooperation between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. in their provision of investment products within the state. It ensures compliance with applicable laws and regulations while offering clarity on the rights and responsibilities of both parties involved. 2. Key Provisions of the Hawaii Participation Agreement: a. Distribution Rights: The agreement outlines the authorized distribution rights granted by First American Ins. Portfolios, Inc. to SET Investments Distribution Co. in Hawaii. This section specifies the geographic territories, product line(s), and target market. b. Sales and Marketing: The agreement establishes guidelines for sales and marketing activities, including promotional strategies, advertising materials, and compliance procedures. It may also address the sharing of marketing expenses and the required use of disclosures and disclaimers. c. Compensation and Financial Arrangements: This section explains how compensation will be structured, including the payment of commissions, fees, and other related incentives. It clarifies any revenue-sharing arrangements and details the methods of calculating compensation. d. Compliance and Regulatory Matters: The Hawaii Participation Agreement emphasizes compliance with state and federal laws, providing guidelines on document retention, privacy protection, anti-money laundering, and other regulatory requirements that both parties must adhere to. e. Termination: The agreement outlines the conditions that may lead to termination, such as breach of contract, bankruptcy, or changes in regulatory parameters. It includes the notice period required to terminate the agreement and the rights and obligations of each party upon termination. 3. Different Types of Hawaii Participation Agreements: Considering the vast array of investment products and services offered by First American Ins. Portfolios, Inc. and SET Investments Distribution Co., there may be variations in participation agreements. These agreements could be tailored to specific investment strategies or product categories such as mutual funds, annuities, or managed portfolios, ensuring that the terms and conditions align with the unique features of each offering. Conclusion: The Hawaii Participation Agreement between First American Ins. Portfolios, Inc. and SET Investments Distribution Co. establishes a solid foundation for their collaboration in delivering investment products and services within the state. By comprehensively addressing distribution rights, sales and marketing provisions, compensation arrangements, compliance matters, and termination policies, this agreement ensures a transparent and mutually advantageous relationship.
Hawaii Participation Agreement between First American Ins. Portfolios, Inc., SEI Investments Distribution Co.
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How to fill out Hawaii Participation Agreement Between First American Ins. Portfolios, Inc., SEI Investments Distribution Co.?
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