New River, Inc., announced the availability of Variable Products Express Version 2.0, an upgrade to its Web-based solution that enables variable annuity providers to meet the obligation of the SEC's new summary prospectus rule.

The new version allows carriers to offer electronic contract and related sub-fund prospectuses from their Web site, and to assure these documents mirror those on the SEC's EDGAR system.

Also, insurance carriers can provide their customers with access to all required compliance documents without having to redirect the contract owner to various fund company Web sites. This functionality enables providers to take advantage of the cost savings associated with the delivery of summary prospectuses while maintaining complete control over their client relationships.

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