Common use of SECURING APPLICATIONS Clause in Contracts

SECURING APPLICATIONS. All applications for Variable Contracts and Traditional Life Insurance Policies shall be made on application forms supplied by Insurer and all payments collected by Broker-Dealer or any Representative thereof shall be remitted promptly in full, together with such application forms and any other required documentation, directly to Insurer at the address indicated on such application or to such other address as Insurer may, from time-to-time, designate in writing. Broker-Dealer shall review all such applications for accuracy and completeness. Checks or money orders in payment on any such Variable Contract or Traditional Life Insurance Policy shall be drawn to the order of "ReliaStar Bankers Security Life Insurance Company." All applications are subject to acceptance or rejection by Insurer at its sole discretion. All records or information obtained hereunder by Broker-Dealer shall not be disclosed or used except as expressly authorized herein, and Broker-Dealer will keep such records and information confidential, to be disclosed only as authorized or if expressly required by federal or state regulatory authorities.

SECURING APPLICATIONS. All applications for Variable Contracts and Traditional Life Insurance Policies shall be made on application forms supplied by Insurer and all payments collected by Broker-Broker Dealer or any Representative thereof shall be remitted promptly in full, together with such application forms and any other required documentation, directly to Insurer at the address indicated on such application or to such other address as Insurer may, from time-to-time, designate in writing. Broker-Broker Dealer shall review all such applications for accuracy and completeness. Checks or money orders in payment on any such Variable Contract or Traditional Life Insurance Policy shall be drawn to the order of "ReliaStar Bankers Security Life Insurance Company." All applications are subject to acceptance or rejection by Insurer at its sole discretion. All records or information obtained hereunder by Broker-Broker Dealer shall not be disclosed or used except as expressly authorized herein, and Broker-Broker Dealer will keep such records and information confidential, to be disclosed only as authorized or if expressly required by federal or state regulatory authorities.