Exemptive Order. Prior to offering the shares of any Designated Portfolio in variable life insurance contracts of any insurance company, the Fund shall seek and obtain a customary “mixed and shared funding order” from the SEC, provided that the Fund shall not be required to obtain such an order if the SEC adopts a rule obviating the need for such an order and the Fund complies with such rule.
Appears in 2 contracts
Samples: Participation Agreement (Northern Lights Variable Trust), Participation Agreement (Northern Lights Variable Trust)
Exemptive Order. Prior to offering the shares of any Designated Portfolio in variable life insurance contracts of any insurance company, the Fund shall seek and obtain a customary “"mixed and shared funding order” " from the SEC, provided that the Fund shall not be required to obtain such an order if the SEC adopts a rule obviating the need for such an order and the Fund complies with such rule.
Appears in 2 contracts
Samples: Participation Agreement (Variable Annuity Account B), Participation Agreement (SBL Variable Annuity Account Xiv)
