V-Continued

Collection
Fee.

Agent, while this contract remains in full
force, shall collect, at the request of General
Agent and without expense to General Agent
or Company other than Agent's contract commission thereon,
the renewal premiums on all policies (whether obtained under
this or a previous contract) in which Agent has a renewal com-
mission interest; but not longer (unless otherwise agreed in
writing) as to any policy than such interest therein shall con-
tinue and the insured shall remain resident within the territory
covered by this contract.

For the collection of any other renewal premiums which
General Agent may authorize Agent to collect, Agent shall be
paid a fee of one (1) per cent of such premiums; but no com-
mission or fee shall be paid or allowed Agent for the collection
of principal or interest on notes, or for paying dividends, annu-
ities, or proceeds of policies on their surrender, cancellation or
maturity.
Removal of
Insured.

In case the insured under any policy or pol-
icies obtained under this contract shall remove
from the territory covered by this contract
and cease to pay premiums to General Agent, the renewal com-
missions of Agent on the premiums thereafter collected on such
policy or policies shall be reduced one (1) per cent of such
premiums; but such reduction shall not be in addition to any
other reduction provided by this contract.

Evidence of
Commission
Interest.

Agent shall not be entitled to any commission
first years or renewal on any policy unless his
name shall appear on the application therefor;
and in all cases where his name shall appear only as "Solic-
iting Agent" he shall not be entitled to any renewal commission;

and in all cases where his name shall appear only as "Agent"
he shall not be entitled to any first years commission (unless
the application be signed solely or jointly by one of his sub-
agents as "Soliciting Agent");

and in all cases where (a) his name (or that of one of his
sub-agents) shall appear as "Soliciting Agent" jointly with
General Agent or another agent or a sub-agent not appointed by
Agent or (b) his name shall appear as "Agent" jointly with Gen-
eral Agent or any other agent, or both as in (a) and (b), then
such business shall be treated as joint business and Agent shall
be entitled only to a pro rata share of the commissions, first years
or renewal, or both, as the case may be, (provided by this con-
tract) thereon.

Agent shall have the right to ix such rates of first years and renewal commissions payable to agent as shall be relatively commensurate with those allowed General Agent by Company upon any new plan or plans of insurance or annuity adopted by Company after the date of this contract.

Commissions

on

Changed
Policies.

Commissions, both first years and renewal,
on policies which in the judgment of Company
take or are to take the place of Renewable
Term or other insurance in Company on same
life, shall (irrespective of any other terms or provisions of this
contract) be governed by the practice of Company relative

thereto.

If default for a period longer than one (1)
year shall occur in premium payment on any
policy or policies secured under this contract,
Agent shall lose, except as provided in the
next succeeding paragraph marked (aa), all right to commissions
on any premium or premiums collected in restoration of or sub-
sequently on such policy or policies.

(aa) On premiums (for the 1st to the 10th policy years in-
clusive) collected by or through Agent in restoration of and sub-
seqently on any policy or policies issued by Company on and
after January 1st 1907, which shall have been in premium default
for more than one (1) year and the insured under which shall
reside within the territory covered by this contract at the time
of such restoration, Agent (if the policy or policies shall have
been secured under this contract) shall be entitled to commis-
sions, as provided by this contract, the same as if premium de-
fault had not occurred; or (if the policy or policies shall not
have been secured under this contract), as so provided for pol-
icies of a similar plan of insurance and for corresponding policy
year or years.
Commissions
to be
Refunded.

If Company shall recall any policy and re-
turn the premiums paid thereon, Agent shall
lose all right to commissions on account of
such policy, and shall pay to General Agent or Company, on
demand, the amount of commissions received by Agent on such
premiums.

Offsets to
Commissions.

General Agent or Company may, at any
time, offset against any commissions, accrued
or to accrue to Agent, any debt or debts due
from Agent to Company arising from his transactions under this

Work.

or any previous contract, and any debt or debts due from Agent | Exclusive to General Agent; and General Agent or Company may pay to any sub-agent any commission or other remuneration due him from Agent and offset such payment or payments against any commissions due or to become due Agent; but neither shall be obliged to make such offsets or payments.

Agent shall be responsible for all moneys
received for or on behalf of Company, either
by him or by sub-agents or others appointed
or employed by him; all such moneys shall be treated as trust
funds and shall be used for no purpose other than as hereinafter
stated.

Agent shall on Saturday of each week, or at other times if
required, remit to General Agent in full for all such moneys re-
ceived by him and previously unremitted, including all premi-
ums (exclusive of dividends and less his commissions and col-
lection fees thereon, if any) collected or put in force by Agent or
reported to him by others. Agent shall also make reports of
business done under this contract as he may be required.

Agent shall do no business for any other life insurance company except upon lives not acceptable by Company, or where the life proposed has the limit of insurance Company will issue thereon. Agent shall not enter into or be engaged in any business other than that covered by this contract during its continuance, except with written consent of General Agent.

V-Continued

Agent shall carry out in good faith each contract made by him or make amicable arrangements, satisfactory to General Agent, for the modification or discontinuance of same.

Agent shall be responsible to General Agent, as well as to
Company, for all business done by or entrusted to sub-agents or
other persons appointed or employed by Agent, and no such per-
son shall have any claim whatever against General Agent or
Company for commissions or otherwise.

Indemnity.

Agent shall indemnify and save harmless
General Agent as well as Company from and
against all expense, costs and damages resulting from litigation
growing out of any unauthorized acts or transactions of Agent.

All books, correspondence, documents and
Archives.
records, of any and every description, relating
to the business of Company, now or hereafter in the possession
of Agent shall be the property of Company, whether paid for by
it or not, and shall always be subject to examination by General
Agent or a representative of Company and shall be delivered to
General Agent or Company upon the termination of this contract.

All applications for insurance in Company Applications. taken by or for Agent shall be delivered to Company, whether the same be recommended by Medical Examiner or not.

as may be caused by termination of contract of General Agent
with Company) shall act for any other life insurance company
(either as agent or broker, or otherwise) then and in ́that event
the reduction of one (1) per cent provided for in this paragraph
shall be increased to two (2) per cent on the premiums there-
after collected.

(2) If this contract shall be terminated by General Agent or
Company within three (3) years from its date for the violation
by Agent of any of its requirements or provisions; or, if it shall
be terminated by Agent within three (3) years from its date;
then and in either such event, all rights and interests of Agent,
in or under or by virtue of this contract, shall thereupon cease
and determine, except as to first years commissions upon de-
ferred semi-annual and quarterly premiums; but nothing con-
tained herein or done hereunder shall affect any claim of General
Agent or Company against Agent.

Waiver.

No forbearance or neglect on the part of
General Agent or Company shall be construed
as a waiver of any of his or its rights or privileges under this
contract, unless in each instance a written memorandum express-
ing such waiver be made and subscribed to by the party against

whom such waiver shall be claimed.

Company
Liability.

Nothing contained in this contract shall make or be construed to make Company liable to Agent in any manner whatsoever, except only such liability as may be assumed by Company by duly subscribing to the endorsement printed on the back of this contract.

VII

SAMPLE PAGE OF INDUSTRIAL LIFE INSURANCE RATE BOOK

ADULT WHOLE LIFE POLICY, Premiums Terminating at Age 70

One-half benefit first six months; full benefit after six months. Full benefit immediately if death occurs from accident.

EXPLANATION OF THE ABOVE TABLE

In the table printed above will be found the amounts of insurance which will be issued at ages 10 next birthday and upward, for the premiums stated in the different columns, on the "Whole Life, Premiums Terminating at Age 70" plan. No policy will be written at any age for a higher premium than is indicated by the above table at that age. For instance, no policy will be written at age 30 for a higher premium than 60 cents.

There are a great many people who would like to secure a policy for an even five hundred dollars and who still want to pay the premiums on the weekly-payment plan. Such a policy as this can be issued on the life of any person whose age is not under 14 nor over 50 years, next birthday, and who is in good health. The table printed above gives the amount of weekly premium that would be required at each age.

Note.-No further premiums payable after the anniversary of the policy next preceding the Insured's seventieth birthday.