Common use of Prospectus and Statement of Additional Information Clause in Contracts

Prospectus and Statement of Additional Information. In the case of registered Contracts, the ING Broker-Dealer shall provide the Distributor with prospectuses and any supplements or amendments thereto, and the Statement of Additional Information ("SAI") describing the Contracts subject to this Agreement. Each ING Insurer, with regard to Contracts it issues, is responsible for maintaining in effect, in accordance with the requirements of the SEC, each Registration Statement of which the prospectus is a part. Each ING Insurer shall immediately notify the Distributor of the issuance of any stop order or any federal or state regulatory proceeding which would prevent the sale of their respective Contracts in any state or jurisdiction. The Distributor shall ensure compliance with the prospectus delivery requirements of the 1933 Act. The Distributor agrees to deliver a copy of the SAI concurrently with a copy of the prospectus to Contract applicants in jurisdictions where such delivery may be required.

Appears in 4 contracts

Samples: Master Sales and Supervisory Agreement Life Insurance (Security Life Separate Account L1), Master Sales and Supervisory Agreement Life Insurance (Security Life Separate Account L1), Master Sales and Supervisory Agreement (Southland Separate Account L1)

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