Amendment No. 5 to Administrative Services Agreement Franklin Templeton Services, LLC Allianz Life Insurance Company of New York
EX-99.B8.h.
Amendment No. 5 to
Franklin Xxxxxxxxx Services, LLC
Allianz Life Insurance Company of New York
THIS AMENDMENT is made by and between Franklin Xxxxxxxxx Services, LLC (the “Fund Administrator”) and Allianz Life Insurance Company of New York (the “Company”).
WHEREAS, The Company and the Fund Administrator have entered into an Administrative Services Agreement, dated as of October 1, 2003, as may be amended from time to time (the “Agreement”), concerning certain administrative services with respect to each series (“Fund” or “Funds”) of Franklin Xxxxxxxxx Variable Insurance Products Trust (the “Trust”), which Funds are investment options in certain variable life insurance and variable annuity contracts issued by the Company; and
WHEREAS, the Company and the Fund Administrator wish to amend the Agreement for the purpose of updating schedules and adding certain Funds and variable life or variable annuity insurance contracts covered by the Agreement.
NOW, THEREFORE, in consideration of past and prospective business relations, the Fund Administrator and the Company hereby amend the Agreement as follows:
1. Schedules A and B of the Agreement are hereby deleted in their entirety and replaced with the Schedules A and B attached hereto.
2. All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.
This Amendment is executed as of July 16, 2012.
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Allianz Life Insurance Company of New York
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Franklin Xxxxxxxxx Services, LLC
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By: /s/ Xxxxx Xxxxxx
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By: /s/ Xxxxxx Xxxxx
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Name: Xxxxx Xxxxxx
Title: Vice President
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Name: Xxxxxx Xxxxx
Title: Vice President
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Allianz NY Amd #5 to ASA 2012-06-20.doc
Schedule A
Administrative Services
Maintenance of Books and Records
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·
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Assist as necessary to maintain book entry records on behalf of the Funds regarding issuance to, transfer within (via net purchase orders) and redemption by the Accounts of Fund shares.
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Maintain general ledgers regarding the Accounts’ holdings of Fund shares, coordinate and reconcile information, and coordinate maintenance of ledgers by financial institutions and other contract owner service providers.
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Communication with the Funds
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Serve as the designee of the Funds for receipt of purchase and redemption orders from the Account and to transmit such orders, and payment therefore, to the Funds.
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Coordinate with the Funds’ agents respecting daily valuation of the Funds’ shares and the Accounts’ units.
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Purchase Orders
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-
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Determine net amount available for investment in the Funds.
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-
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Deposit receipts at the Funds’ custodians (generally by wire transfer).
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-
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Notify the custodians of the estimated amount required to pay dividends or distributions.
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Redemption Orders
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-
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Determine net amount required for redemptions by the Funds.
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-
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Notify the custodian and Funds of cash required to meet payments.
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Purchase and redeem shares of the Funds on behalf of the Accounts at the then-current price in accordance with the terms of each Fund’s then current prospectus.
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Assistance in enforcing procedures adopted on behalf of the Trust to reduce, discourage, or eliminate market timing transactions in a Fund’s shares in order to reduce or eliminate adverse effects on a Fund or its shareholders.
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Processing Distributions from the Funds
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Process ordinary dividends and capital gains.
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Reinvest the Funds’ distributions.
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2
Reports
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Periodic information reporting to the Funds, including, but not limited to, furnishing registration statements, prospectuses or private offering memorandum, statements of additional information, reports, solicitations for instructions, disclosure statements, sales or promotional materials and any other filings with the Securities and Exchange Commission with respect to the Accounts invested in the Funds, if necessary.
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Periodic information reporting about the Funds to contract owners, including necessary delivery of the Funds’ prospectus and annual and semi-annual reports.
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Fund-related Contract Owner Services
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·
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Maintain adequate fidelity bond or similar coverage for all Company officers, employees, investment advisors and other individuals or entities controlled by the Company who deal with the money and/or securities of the Funds.
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Provide general information with respect to Fund inquiries (not including information about performance or related to sales).
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Provide information regarding performance of the Funds.
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Oversee and assist the solicitation, counting and voting of contract owner pass-through voting interests in the Funds pursuant to Fund proxy statements.
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Other Administrative Support
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Provide other administrative and legal compliance support for the Funds as mutually agreed upon by the Company and the Funds or the Fund Administrator.
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Relieve the Funds of other usual or incidental administrative services provided to individual contract owners.
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3
Schedule B
Administrative Expense Payment
The Fund Administrator agrees to pay the Company a fee, computed daily and paid quarterly in arrears, equal to an annual rate as set forth below, applied to the average daily net assets of the shares of the Funds held in the subaccounts of the Accounts. The payment will be computed and paid in the manner described more completely in the Agreement.
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#
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Company
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Product Name/
1933 Act No.
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Funds of the Trust
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Fee Rate
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Beginning of Period for Computation of Fee
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1.
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Allianz Life Insurance Company of New York
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Allianz Advantage
333-19699
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Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small Cap Value Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
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0.20%
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10/01/03
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Franklin Zero Coupon Fund 2010 – Class 1
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0.10%
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10/01/03
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||||||
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Xxxxxxxxx Global Income Securities Fund – Class 2
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2
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0.20%
0.20%
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05/01/07
09/21/07
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||||||
4
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#
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Company
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Product Name/
1933 Act No.
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Funds of the Trust
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Fee Rate
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Beginning of Period for Computation of Fee
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2.
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Allianz Life Insurance Company of New York
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Valuemark II
33-26646
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Class 1 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
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0.10%
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10/01/03
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Valuemark II (cont’d)
33-26646
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Franklin Money Market Fund – Class 1*
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0.05%
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10/01/03
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Xxxxxxxxx Global Income Securities Fund, Class 1
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0.10%
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05/01/07
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3.
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Allianz Life Insurance Company of New York
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Valuemark IV
333-19699
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Class 1 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
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0.10%
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10/01/03
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Franklin Money Market Fund – Class 1*
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0.05%
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10/01/03
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Xxxxxxxxx Global Income Securities Fund, Class 1
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0.10%
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05/01/07
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5
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#
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Company
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Product Name/
1933 Act No.
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Funds of the Trust
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Fee Rate
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Beginning of Period for Computation of Fee
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4.
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Allianz Life Insurance Company of New York
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Allianz Opportunity
333-75718
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Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
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0.20%
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10/1/03
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Franklin Zero Coupon Fund 2010 – Class 1
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0.10%
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10/1/03
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Xxxxxxxxx Global Income Securities Fund – Class 2
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2
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0.20%
0.20%
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05/01/07
09/21/07
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5.
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Allianz Life Insurance Company of New York
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Allianz Charter II
333-105274
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Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
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0.20%
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10/1/03
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Franklin Zero Coupon Fund 2010 – Class 1
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0.10%
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10/1/03
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Xxxxxxxxx Global Income Securities Fund – Class 2
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund – Class 2
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0.20%
0.20%
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05/01/07
09/21/07
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6
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#
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Company
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Product Name/
1933 Act No.
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Funds of the Trust
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Fee Rate
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Beginning of Period for Computation of Fee
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6.
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Allianz Life Insurance Company of New York
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Allianz High Five NY
333-124767
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Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
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0.20%
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05/01/07
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Franklin Zero Coupon Fund 2010 - Class 1
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0.10%
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05/01/07
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7.
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Allianz Life Insurance Company of New York
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Allianz Vision NY
333-143195
Allianz Vision NY
333-171428
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Class 2 Shares:
Franklin Global Communications Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
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0.20%
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05/01/08
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Franklin Zero Coupon Fund 2010 - Class 1
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0.10%
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05/01/08
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8.
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Allianz Life Insurance Company of New York
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Retirement Pro NY
333-167334
Retirement Advantage
333-180722
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Class 2 Shares:
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Strategic Income Securities Fund
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund
Franklin U.S. Government Fund
Mutual Shares Securities Fund
Xxxxxxxxx Global Bond Securities Fund
Xxxxxxxxx Growth Securities Fund
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0.20%
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09/01/12
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7
