EXHIBIT (8)(a)(3)
AMENDMENT NO. 24 TO PARTICIPATION AGREEMENT
(AEGON/TRANSAMERICA)
AMENDMENT NO. 24 TO
PARTICIPATION AGREEMENT AMONG
AEGON/TRANSAMERICA SERIES FUND, INC.,
TRANSAMERICA LIFE INSURANCE COMPANY,
AUSA LIFE INSURANCE COMPANY, INC.,
PEOPLES BENEFIT LIFE INSURANCE COMPANY,
TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY AND
TRANSAMERICA LIFE INSURANCE AND ANNUITY COMPANY
TRANSAMERICA LIFE INSURANCE COMPANY OF NEW YORK
Amendment No. 24 to the Participation Agreement among AEGON/Transamerica
Series Fund, Inc., (the "Fund"), Transamerica Life Insurance Company
("Transamerica"), AUSA Life Insurance Company, Inc. ("AUSA Life"), Peoples
Benefit Life Insurance Company ("Peoples"), Transamerica Occidental Life
Insurance Company ("TOLIC"), Transamerica Life Insurance and Annuity Company
("TALIAC") and Transamerica Life Insurance Company of New York ("XXXX") dated
July 1, 1992, as amended ("Participation Agreement").
WHEREAS, Transamerica, has registered or will register certain variable
annuity contracts (the "Policies") under the Securities Act of 1933; and
WHEREAS, Transamerica has, by resolution of its Board of Directors, duly
organized and established the Separate Account VA P (the "Account"), as a
segregated asset account to receive, set aside and invest assets attributable to
net premiums and payments received under the Policies and such Policies will be
partly funded by the Fund; and
WHEREAS, Transamerica has registered or will register the Account as a unit
investment trust under the Investment Company Act of 1940, as amended; and
WHEREAS, to the extent permitted by applicable insurance law and
regulations, Transamerica intends to purchase shares in one or more of the
portfolios of the Fund to fund its contracts on behalf of the Account, as
specified in Schedule A attached to this Amendment, as such Schedule A is
amended by this Amendment No. 24, and as Schedule A may be amended from time to
time; and
WHEREAS, the Fund's Board of Directors, at a meeting held on September 9,
2002, approved resolutions to add the following three new portfolios to the Fund
to be offered through the Policies: Select+ Conservative, Select+ Aggressive and
Select+ Growth & Income. These portfolios will be sub-advised by Union Planters
Investment Advisors, Inc.; and
WHEREAS, the Fund intends to sell shares of the Portfolio(s) to the
Policies at net asset value; and
NOW, THEREFORE, IT IS HEREBY AGREED that Transamerica, through its separate
account, Separate Account VA P, will purchase and redeem shares issued by the
Fund, subject to the terms and conditions of the Participation Agreement. It is
also agreed that Schedule A to the Participation Agreement is hereby amended to
add the Separate Account VA P to the list of "Accounts;" to add the Flexible
Premium Variable Annuity - A to the list of "Policies;" and to add the Select+
Conservative, Select+ Aggressive and Select+ Growth & Income to the list of
"Portfolios" of the Fund.
IN WITNESS WHEREOF, each of the parties has caused this Amendment to be
executed in its name and on its behalf by its duly authorized representative as
of December 2, 2002.
TRANSAMERICA LIFE INSURANCE AEGON/TRANSAMERICA SERIES
COMPANY FUND, INC.
By its authorized officer By its authorized officer
By: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxx X. Xxxxxx
----------------------- --------------------
Xxxxx X. Xxxxxx Xxxx X. Xxxxxx
Title: President Title: Vice President, Secretary
and General Counsel
AUSA LIFE INSURANCE PEOPLES BENEFIT LIFE INSURANCE
COMPANY, INC. COMPANY
By its authorized officer By its authorized officer
By: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxxxx
------------------------------------- -------------------------------
Xxxxx X. Xxxxxx Xxxxx X. Xxxxxx
Title: Vice President Title: Executive Vice President
TRANSAMERICA OCCIDENTAL LIFE TRANSAMERICA LIFE INSURANCE
INSURANCE COMPANY AND ANNUITY COMPANY
By its authorized officer By its authorized officer
By: /s/ Xxxxxxxxx X. Xxxxxxx By: /s/ Xxxxxxxxx X. Xxxxxxx
------------------------------------ --------------------------------
Xxxxxxxxx X. Xxxxxxx Xxxxxxxxx X. Xxxxxxx
Title: Assistant Vice President Title: Assistant Vice President
and Assistant Secretary and Assistant Secretary
TRANSAMERICA LIFE INSURANCE
COMPANY OF NEW YORK
By its authorized officer
By: /s/ Xxxxxx X. Xxxxxxx
-----------------------------------
Xxxxxx X. Xxxxxxx
Title: Vice President
AMENDED SCHEDULE A
Effective December 2, 2002
Account(s), Policy(ies) and Portfolio(s)
Subject to the Participation Agreement
Accounts: Separate Account VA B
Separate Account VA BNY
Mutual Fund Account
Separate Account VA A
Separate Account VA C
Separate Account VA D
Retirement Builder Variable Annuity Account AUSA Life
Insurance Company, Inc. Separate Account C Peoples Benefit
Life Insurance Company Separate Account V Legacy Builder
Variable Life Separate Account AUSA Series Life Account AUSA
Series Annuity Account Transamerica Occidental Life Separate
Account VUL-3 Separate Account VA E Separate Account VA F
Transamerica Occidental Life Separate Account VUL-4
Transamerica Occidental Life Separate Account VUL-5
Transamerica Life Insurance and Annuity Company on behalf
of its Separate Account VA-8
Separate Account VA J
Transamerica Occidental Life Separate Account VUL-6
TA PPVUL 1
Separate Account K
Separate Account H
Separate Account G
Separate Account VA-2LNY
Separate Account VA-2L
Separate Account VL A
AES Private Placement VA Separate Account
Separate Account VA L
Separate Account VA P
Policies: Transamerica Landmark Variable Annuity
AUSA Landmark Variable Annuity
The Atlas Portfolio Builder Variable Annuity
Transamerica EXTRA Variable Annuity
Transamerica Access Variable Annuity
Retirement Income Builder II Variable Annuity
AUSA & Peoples - Advisor's Edge Variable Annuity
Peoples - Advisor's Edge Select Variable Annuity
Legacy Builder Plus
AUSA Financial Freedom Builder
Transamerica Elite
Privilege Select Variable Annuity
Estate Enhancer Variable Life
TransSurvivor Life Variable Universal Life
TransMark Optimum Choice Variable Annuity
AMENDED SCHEDULE A (continued)
Policies (continued):
TransUltra(R) Variable Universal Life
AUSA Freedom Elite Builder
AUSA Premier Variable Annuity
Immediate Income Builder II
Premier Asset Builder Variable Annuity
TransAccumulator VUL cv
AUSA Freedom Wealth Protector
Advantage V
Retirement Income Builder Variable Annuity
Retirement Income Builder III Variable Annuity
Dreyfus Advisor Advantage Variable Annuity
Dreyfus Access Advantage Variable Annuity
Dreyfus/Transamerica Triple Advantage(R) Variable Annuity (NY)
Dreyfus/Transamerica Triple Advantage(R) Variable Annuity
Transamerica Variable Life
Advisor's Edge Select Private Placement
Transamerica Preferred Advantage Variable Annuity
Flexible Premium Variable Annuity - A
Portfolios: AEGON/Transamerica Series Fund, Inc.
AEGON Xxxx
Xxxxx Aggressive Growth
Aggressive Asset Allocation
American Century International
American Century Income & Growth
BlackRock Large Cap Value
BlackRock Mid Cap Growth
BlackRock Global Science & Technology
Capital Guardian Global
Capital Guardian U.S. Equity
Capital Guardian Value
Clarion Real Estate Securities
Conservative Asset Allocation
Dreyfus Mid Cap
Dreyfus Small Cap Value
Federated Growth & Income
Gabelli Global Growth
GE U.S. Equity
Great Companies - America sm
Great Companies - Global2
Great Companies - Technology sm
X.X. Xxxxxx Enhanced Index
Janus Balanced
Janus Global
Janus Growth
Janus Growth II
Xxxxxxxx Growth
LKCM Capital Growth
LKCM Strategic Total Return
Xxxxxxx Growth
MFS High Yield
Moderate Asset Allocation
Moderately Aggressive Asset Allocation
Munder Net50
PBHG/NWQ Value Select
AMENDED SCHEDULE A (continued)
Portfolios: AEGON/Transamerica Series Fund, Inc. (continued)
PBHG Mid Cap Growth
PIMCO Total Return
Protected Principal Stock
Salomon All Cap
Select+ Aggressive
Select+ Conservative
Select+ Growth & Income
X. Xxxx Price Dividend Growth
X. Xxxx Price Equity Income
X. Xxxx Price Growth Stock
X. Xxxx Price Small Cap
Third Avenue Value
Transamerica Equity
Transamerica Convertible Securities
Transamerica Growth Opportunities
Transamerica Money Market
Transamerica U.S. Government Securities
Transamerica Value Balanced
Value Line Aggressive Growth
Xxx Xxxxxx Active International Allocation
Xxx Xxxxxx Asset Allocation
Xxx Xxxxxx Emerging Growth
Xxx Xxxxxx Money Market
