AMENDED AND RESTATED
FUND PARTICIPATION AGREEMENT
This Agreement is entered into as of the 23rd day of March, 1998, between each
of The Travelers Insurance Company and The Travelers Life and Annuity Company,
each of which is a life insurance company organized under the laws of the State
of Connecticut (collectively referred to as "Insurance Company"), and each of
DREYFUS VARIABLE INVESTMENT FUND, THE DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND,
INC. and DREYFUS LIFE AND ANNUITY INDEX FUND; INC. (d/b/a DREYFUS STOCK INDEX
FUND) (each a "Fund").
ARTICLE I
DEFINITIONS
1.1 "Act" shall mean the Investment Company Act of 1940, as amended.
1.2 "Board" shall mean the Board of Directors or Trustees, as the case may be,
of a Fund, which has the responsibility for management and control of the
Fund.
1.3 "Business Day" shall mean any day for which a Fund calculates net asset
value per share as described in the Fund's Prospectus.
1.4 "Commission" shall mean the Securities and Exchange Commission.
1.5 "Contract" shall mean a variable annuity or life insurance contract that
uses any Participating Fund (as defined below) as an underlying investment
medium. Individuals who participate under a group Contract are
"Participants."
1.6 "Contractholder" shall mean any entity that is a party to a Contract with a
Participating Company (as defined below).
1.7 "Disinterested Board Members" shall mean those members of the Board of a
Fund that are not deemed to be "interested persons" of the Fund, as defined
by the Act.
1.8 "Dreyfus" shall mean The Dreyfus Corporation and its affiliates, including
Dreyfus Service Corporation.
1.9 "Participating Companies" shall mean any insurance company (including
Insurance Company) that offers variable annuity and/or variable life
insurance contracts to the public and that has entered into an agreement
with one or more of the Funds.
1.10 "Participating Fund" shall mean each Fund, including, as
applicable, any series thereof, specified in Exhibit A, as such Exhibit may
be amended from time to time by agreement of the parties hereto, the shares
of which are available to serve as the underlying investment medium for the
aforesaid Contracts.
1.11 "Prospectus" shall mean the current prospectus and statement of additional
information of a Fund, as most recently filed with the Commission.
1.12 "Separate Account" shall mean Travelers Fund ABD For Variable Annuities or
Travelers Fund II For Variable Annuities, each of which is a separate
account established by Insurance Company in accordance with the laws of the
State of Connecticut.
1.13 "Software Program" shall mean the software program used by a Fund for
providing Fund and account balance information including net asset value
per share. Such Program may include the Lion System. In situations where
the Lion System or any other Software Program used by a Fund is not
available, such information may be provided by telephone. The Lion System
shall be provided to Insurance Company at no charge.
1.14 "Insurance Company's General Account{s}" shall mean the general account{s}
of Insurance Company and its affiliates that invest in a Fund.
ARTICLE II
REPRESENTATIONS
2.1 Insurance Company represents and warrants that (a) it is an insurance
company duly organized and in good standing under applicable law; (b) it
has legally and validly established the Separate Account pursuant to the
Connecticut Insurance Code for the purpose of offering to the public
certain individual and group variable annuity and life insurance contracts;
(c) it has registered the Separate Account as a unit investment trust under
the Act to serve as the segregated investment account for the Contracts;
and (d) the Separate Account is eligible to invest in shares of each
Participating Fund without such investment disqualifying any Participating
Fund as an investment medium for insurance company separate accounts
supporting variable annuity contracts or variable life insurance contracts.
2.2 Insurance Company represents and warrants that (a) the Contracts will be
described in a registration statement filed under the Securities Act of
1933, as amended {"1933 Act"}; {b} the Contracts will be issued and sold in
compliance in all material respects with all applicable
federal and state laws; and {c} the sale of the Contracts shall comply in
all material respects with state insurance law requirements. Insurance
Company agrees to notify each Participating Fund promptly of any investment
restrictions imposed by state insurance law and applicable to the
Participating Fund.
2.3 Insurance Company represents and warrants that the income, gains and
losses, whether or not realized, from assets allocated to the Separate
Account are, in accordance with the applicable Contracts, to be credited to
or charged against such Separate Account without regard to other income,
gains or losses from assets allocated to any other accounts of Insurance
Company. Insurance Company represents and warrants that the assets of the
Separate Account are and will be kept separate from Insurance Company's
General Account and any other separate accounts Insurance Company may have,
and will not be charged with liabilities from any business that Insurance
Company may conduct or the liabilities of any companies affiliated with
Insurance Company.
2.4 Each Participating Fund represents that it is registered with the
Commission under the Act as an open-end, management investment company and
possesses, and shall maintain, all legal and regulatory licenses,
approvals, consents and/or exemptions required for the Participating Fund
to operate and offer its shares as an underlying investment medium for
Participating Companies.
2.5 Each Participating Fund represents that it is currently qualified as a
regulated investment company under Subchapter M of the Internal Revenue
Code of 1986, as amended (the "Code"), and that it will make every effort
to maintain such qualification (under Subchapter M or any successor or
similar provision) and that it will notify Insurance Company immediately
upon having a reasonable basis for believing that it has ceased to so
qualify or that it might not so qualify in the future.
2.6 Insurance Company represents and agrees that the Contracts are currently,
and at the time of issuance will be, treated as life insurance policies or
annuity contracts, whichever is appropriate, under applicable provisions of
the Code, and that it will make every effort to maintain such treatment and
that it will notify each Participating Fund and Dreyfus immediately upon
having a reasonable basis for believing that the Contracts have ceased to
be so treated or that they might not be so treated in the future. Insurance
Company agrees that any prospectus offering a Contract that is a "modified
endowment contract, II as that term is defined in Section 7702A of the
Code, will identify such Contract as a modified endowment contract (or
policy).
2.7 Each Participating Fund agrees that its assets shall be managed and
invested in a manner that complies with the requirements of Section 817(h)
of the Code.
2.8 Insurance Company agrees that each Participating Fund shall be permitted
(subject to the other terms of this Agreement) to make its shares available
to other Participating Companies and Contractholders.
2.9 Each Participating Fund represents and warrants that any of its directors,
trustees, officers, employees, investment advisers, and other
individuals/entities who deal with the money and/or securities of the
Participating Fund are and shall continue to be at all times covered by a
blanket fidelity bond or similar coverage for the benefit of the
Participating Fund in an amount not less than that required by Rule 17g-1
under the Act. The aforesaid Bond shall include coverage for larceny and
embezzlement and shall be issued by a reputable bonding company.
2.10 Insurance Company represents and warrants that all of its employees and
agents who deal with the money and/or securities of each Participating Fund
are and shall continue to be at all times covered by a blanket fidelity
bond or similar coverage in an amount not less than the coverage required
to be maintained by the Participating Fund. The aforesaid Bond shall
include coverage for larceny and embezzlement and shall be issued by a
reputable bonding company.
2.11 Insurance Company agrees that Dreyfus shall be deemed a third party
beneficiary under this Agreement and may enforce any and all rights
conferred by virtue of this Agreement.
ARTICLE III
FUND SHARES
3.1 The Contracts funded through the Separate Account will provide for the
investment of certain amounts in shares of each Participating Fund.
3.2 Each Participating Fund agrees to make its shares available for purchase at
the then applicable net asset value per share by Insurance Company and the
Separate Account on each Business Day pursuant to rules of the Commission.
Notwithstanding the foregoing, each Participating Fund may refuse to sell
its shares to any person, or suspend or terminate the offering of its
shares, if such action is required by law or by regulatory authorities
having jurisdiction or is, in the sole discretion of its Board, acting in
good faith and in light of its fiduciary duties under federal and any
applicable state laws, necessary and
in the best interests of the Participating Fund's shareholders.
3.3 Each Participating Fund agrees that shares of the Participating Fund will
be sold only to (a) Participating Companies and their separate accounts or
(b) "qualified pension or retirement plans" as determined under Section
817(h) (4) of the Code. Except as otherwise set forth in this Section 3.3,
no shares of any Participating Fund will be sold to the general public.
3.4 Each Participating Fund shall use its best efforts to provide closing net
asset value, dividend and capital gain information on a per-share basis to
Insurance Company by 6:00 p.m. Eastern time on each Business Day. Any
material errors in the calculation of net asset value, dividend and capital
gain information shall be reported immediately upon discovery to Insurance
Company. Non-material errors will be corrected in the next Business Day's
net asset value per share.
3.5 At the end of each Business Day, Insurance Company will use the information
described in Sections 3.2 and 3.4 to calculate the unit values of the
Separate Account for the day. Using this unit value, Insurance Company will
process the day's Separate Account transactions, received by it by the
close of trading on the floor of the New York Stock Exchange (currently
4:00 p.m. Eastern time) to determine the net dollar amount of each
Participating Fund's shares that will be purchased or redeemed at that
day's closing net asset value per share. The net purchase or redemption
orders will be transmitted to each Participating Fund by Insurance Company
by 11:00 a.m. Eastern time on the Business Day next following Insurance
Company's receipt of that information. Subject to Sections 3.6 and 3.8, all
purchase and redemption orders for Insurance Company's General Accounts
shall be effected at the net asset value per share of each Participating
Fund next calculated after receipt of the order by the Participating Fund
or its Transfer Agent.
3.6 Each Participating Fund appoints Insurance Company as its agent for the
limited purpose of accepting orders for the purchase and redemption of
Participating Fund shares for the Separate Account. Each Participating Fund
will execute orders at the applicable net asset value per share determined
as of the close of trading on the day of receipt of such orders by
Insurance Company acting as agent ("effective trade date"), provided that
the Participating Fund receives notice of such orders by 11:00 a.m. Eastern
time on the next following Business Day and, if such orders request the
purchase of Participating Fund shares, the conditions specified in Section
3.8, as applicable, are satisfied.
A redemption or purchase request that does not satisfy the conditions
specified above and in Section 3.8, as applicable, will be effected at the
net asset value per share computed on the Business Day immediately
preceding the next following Business Day upon which such conditions have
been satisfied in accordance with the requirements of this Section and
Section 3.8. Insurance Company represents and warrants that all orders
submitted by the Insurance Company for execution on the effective trade
date shall represent purchase or redemption orders received from
Contractholders prior to the close of trading on the New York Stock
Exchange on the effective trade date.
3.7 Insurance Company will make its best efforts to notify each applicable
Participating Fund in advance of any unusually large purchase or redemption
orders.
3.8 If Insurance Company's order requests the purchase of a Participating
Fund's shares, Insurance Company will pay for such purchases by wiring
Federal Funds to the Participating Fund or its designated custodial account
on the day the order is transmitted. Insurance Company shall make all
reasonable efforts to transmit to the applicable Participating Fund payment
in Federal Funds by 12:00 noon Eastern time on the Business Day the
Participating Fund receives the notice of the order pursuant to Section
3.5. Each applicable Participating Fund will execute such orders at the
applicable net asset value per share determined as of the close of trading
on the effective trade date if the Participating Fund receives payment in
Federal Funds by 12:00 midnight Eastern time on the Business Day the
Participating Fund receives the notice of the order pursuant to Section
3.5. If payment in Federal Funds for any purchase is not received or is
received by a Participating Fund after 12:00 noon Eastern time on such
Business Day, Insurance Company shall promptly, upon each applicable
Participating Fund's request, reimburse the respective Participating Fund
for any charges, costs, fees, interest or other expenses incurred by the
Participating Fund in connection with any advances to, or borrowings or
overdrafts by, the Participating Fund, or any similar expenses incurred by
the Participating Fund, as a result of portfolio transactions effected by
the Participating Fund based upon such purchase request. If Insurance
Company's order requests the redemption of any Participating Fund's shares
valued at or greater than $1 million dollars, the Participating Fund will
wire such amount to Insurance Company within seven days of the order.
3.9 Each Participating Fund has the obligation to ensure that its shares are
registered with applicable federal agencies at all times.
3.10 Each Participating Fund will confirm each purchase or redemption order made
by Insurance Company. Transfer of Participating Fund shares will be by book
entry only. No share certificates will be issued to Insurance Company.
Insurance Company will record shares ordered from a Participating Fund in
an appropriate title for the corresponding account.
3.11 Each Participating Fund shall credit Insurance Company with the appropriate
number of shares.
3.12 On each ex-dividend date of a Participating Fund or,-if not a Business Day,
on the first Business Day thereafter, each Participating Fund shall
communicate to Insurance Company the amount of dividend and capital gain,
if any, per share. All dividends and capital gains shall be automatically
reinvested in additional shares of the applicable Participating Fund at the
net asset value per share on the ex-dividend date. Each Participating Fund
shall, on the day after the ex-dividend date or, if not a Business Day, on
the first Business Day thereafter, notify Insurance Company of the number
of shares so issued.
ARTICLE IV
STATEMENTS AND REPORTS
4.1 Each Participating Fund shall provide monthly statements of account as of
the end of each month for all of Insurance Company's accounts by the
fifteenth (15th) Business Day of the following month.
4.2 Each Participating Fund shall distribute to Insurance Company copies of the
Participating Fund's Prospectuses, proxy materials, notices, periodic
reports and other printed materials (which the Participating Fund
customarily provides to its shareholders) in quantities as Insurance
Company may reasonably request for distribution to each Contractholder and
Participant.
4.3 Each Participating Fund will provide to Insurance Company at least one
complete copy of all registration statements, Prospectuses, reports, proxy
statements, sales literature and other promotional materials, applications
for exemptions, requests for no-action letters, and all amendments to any
of the above, that relate to the Participating Fund or its shares,
contemporaneously with the filing of such document with the Commission or
other regulatory authorities.
4.4 Insurance Company will provide to each Participating Fund at least one copy
of all registration statements, Prospectuses, reports, proxy statements,
sales literature and other
promotional materials, applications for exemptions, requests for no-action
letters, and all amendments to any of the above, that relate to the
Contracts or the Separate Account, contemporaneously with the filing of
such document with the Commission.
ARTICLE V
EXPENSES
5.1 The charge to each Participating Fund for all expenses and costs of the
Participating Fund, including but not limited to management fees,
administrative expenses and legal and regulatory costs, will be made in the
determination of the Participating Fund's daily net asset value per share
so as to accumulate to an annual charge at the rate set forth in the
Participating Fund's Prospectus. Excluded from the expense limitation
described herein shall be brokerage commissions and transaction fees and
extraordinary expenses.
5.2 Except as provided in this Article V and, in particular in the next
sentence, Insurance Company shall not be required to pay directly any
expenses of any Participating Fund or expenses relating to the distribution
of its shares. Insurance Company shall pay the following expenses or costs:
a. Such amount of the production expenses of any Participating Fund
materials, including the cost of printing a Participating Fund's
Prospectus, or marketing materials for prospective Insurance Company
Contractholders and Participants as Dreyfus and Insurance Company
shall agree from time to time.
b. Distribution expenses of any Participating Fund materials or marketing
materials for prospective Insurance Company Contractholders and
Participants.
c. Distribution expenses of any Participating Fund materials or marketing
materials for Insurance Company Contractholders and Participants.
Except as provided herein, all other expenses of each Participating Fund
shall not be borne by Insurance Company.
ARTICLE VI
EXEMPTIVE RELIEF
6.1 Insurance Company has reviewed a copy of (i) the amended order dated
December 31, 1997 of the Securities and Exchange Commission under Section
6(c) of the Act with respect to Dreyfus Variable Investment Fund and
Dreyfus Life and Annuity Index Fund, Inc.; and (ii) the order dated
February 5, 1998 of the Securities and Exchange Commission under
Section 6(c) of the Act with respect to The Dreyfus Socially Responsible
Growth Fund, Inc., and, in particular, has reviewed the conditions to the
relief set forth in each related Notice. As set forth therein, if Dreyfus
Variable Investment Fund, Dreyfus Life and Annuity Index Fund, Inc. or The
Dreyfus Socially Responsible Growth Fund, Inc. is a Participating Fund,
Insurance Company agrees, as applicable, to report any potential or
existing conflicts promptly to the respective Board of Dreyfus Variable
Investment Fund, Dreyfus Life and Annuity Index Fund, Inc. and/or The
Dreyfus Socially Responsible Growth Fund, Inc., and, in particular,
whenever contract voting instructions are disregarded, and recognizes that
it will be responsible for assisting each applicable Board in carrying out
its responsibilities under such application. Insurance Company agrees to
carry out such responsibilities with a view to the interests of existing
Contractholders.
6.2 If a majority of the Board, or a majority of Disinterested Board Members,
determines that a material irreconcilable conflict exists with regard to
Contractholder investments in a Participating Fund, the Board shall give
prompt notice to all Participating Companies and any other Participating
Fund. If the Board determines that Insurance Company is responsible for
causing or creating said conflict, Insurance Company shall at its sole cost
and expense, and to the extent reasonably practicable (as determined by a
majority of the Disinterested Board Members), take such action as is
necessary to remedy or eliminate the irreconcilable material conflict. Such
necessary action may include, but shall not be limited to:
a. Withdrawing the assets allocable to the Separate Account from the
Participating Fund and reinvesting such assets in another
Participating Fund (if applicable) or a different investment medium,
or submitting the question of whether such segregation should be
implemented to a vote of all affected Contractholders; and/or
b. Establishing a new registered management investment company.
6.3 If a material irreconcilable conflict arises as a result of a decision by
Insurance Company to disregard Contractholder voting instructions and said
decision represents a minority position or would preclude a majority vote
by all Contractholders having an interest in a Participating Fund,
Insurance Company may be required, at the Board's election, to withdraw the
investments of the Separate Account in that Participating Fund.
6.4 For the purpose of this Article, a majority of the
Disinterested Board Members shall determine whether or not any proposed
action adequately remedies any irreconcilable material conflict, but in no
event will any Participating Fund be required to bear the expense of
establishing a new funding medium for any Contract. Insurance Company shall
not be required by this Article to establish a new funding medium for any
Contract if an offer to do so has been declined by vote of a majority of
the Contractholders materially adversely affected by the irreconcilable
material conflict.
6.5 No action by Insurance Company taken or omitted, and no action by the
Separate Account or any Participating Fund taken or omitted as a result of
any act or failure to act by Insurance Company pursuant to this Article VI,
shall relieve Insurance Company of its obligations under, or otherwise
affect the operation of, Article V.
ARTICLE VII
VOTING OF PARTICIPATING FUND SHARES
7.1 Each Participating Fund shall provide Insurance Company with copies, at no
cost to Insurance Company, of the Participating Fund's proxy material,
reports to shareholders and other communications to shareholders in such
quantity as Insurance Company shall reasonably require for distributing to
Contractholders or Participants.
Insurance Company shall:
(a) solicit voting instructions from Contractholders or Participants on a
timely basis and in accordance with applicable law;
(b) vote the Participating Fund shares in accordance with instructions
received from Contractholders or Participants; and
(c) vote the Participating Fund shares for which no instructions have been
received in the same proportion as Participating Fund shares for which
instructions have been received.
Insurance Company agrees at all times to vote its General Account shares in
the same proportion as the Participating Fund shares for which instructions
have been received from Contractholders or Participants. Insurance Company
further agrees to be responsible for assuring that voting the Participating
Fund shares for the Separate Account is conducted in a manner consistent
with other Participating Companies.
7.2 Insurance Company agrees that it shall not, without the prior written
consent of each applicable Participating Fund
and Dreyfus, solicit, induce or encourage Contractholders to (a) change or
supplement the Participating Fund's current investment adviser or (b)
change, modify, substitute, add to or delete from the current investment
media for the Contracts.
ARTICLE VIII
MARKETING AND REPRESENTATIONS
8.1 Each Participating Fund or its underwriter shall periodically furnish
Insurance Company with the following documents, in quantities as Insurance
Company may reasonably request:
a. Current Prospectus and any supplements thereto; and
b. Other marketing materials.
Expenses for the production of such documents shall be borne by Insurance
Company in accordance with Section 5.2 of this Agreement.
8.2 Insurance Company shall designate certain persons or entities that shall
have the requisite licenses to solicit applications for the sale of
Contracts. No representation is made as to the number or amount of
Contracts that are to be sold by Insurance Company. Insurance Company shall
make reasonable efforts to market the Contracts and shall comply with all
applicable federal and state laws in connection therewith.
8.3 Insurance Company shall furnish, or shall cause to be furnished, to each
applicable Participating Fund or its designee; each piece of sales
literature or other promotional material in which the Participating Fund,
its investment adviser or the administrator is named, at least fifteen
Business Days prior to its use. No such material shall be used unless the
Participating Fund or its designee approves such material. Such approval
(if given) must be in writing and shall be presumed not given if not
received within ten Business Days after receipt of such material. Each
applicable Participating Fund or its designee, as the case may be, shall
use all reasonable efforts to respond within ten days of receipt.
8.4 Insurance Company shall not give any information or make any
representations or statements on behalf of a Participating Fund or
concerning a Participating Fund in connection with the sale of the
Contracts other than the information or representations contained in the
registration statement or Prospectus of, as may be amended or supplemented
from time to time, or in reports or proxy statements for, the applicable
Participating Fund, or in sales literature or
other promotional material approved by the applicable Participating Fund.
8.5 Each Participating Fund shall furnish, or shall cause to be furnished, to
Insurance Company, each piece of the Participating Fund's sales literature
or other promotional material in which Insurance Company or the Separate
Account is named, at least fifteen Business Days prior to its use. No such
material shall be used unless Insurance Company approves such material.
Such approval (if given) must be in writing and shall be presumed not given
if not received within ten Business Days after receipt of such material.
Insurance Company shall use all reasonable efforts to respond within ten
days of receipt.
8.6 Each Participating Fund shall not, in connection with the sale of
Participating Fund shares, give any information or make any representations
on behalf of Insurance Company or concerning Insurance Company, the
Separate Account, or the Contracts other than the information or
representations contained in a registration statement or prospectus for the
Contracts, as may be amended or supplemented from time to time, or in
published reports for the Separate Account that are in the public domain or
approved by Insurance Company for distribution to Contractholders or
Participants, or in sales literature or other promotional material approved
by Insurance Company.
8.7 For purposes of this Agreement, the phrase "sales literature or other
promotional material" or words of similar import include, without
limitation, advertisements (such as material published, or designed for
use, in a newspaper, magazine or other periodical, radio, television,
telephone or tape recording, videotape display, signs or billboards, motion
pictures or other public media), sales literature (such as any written
communication distributed or made generally available to customers or the
public, including brochures, circulars, research reports, market letters,
form letters, seminar texts, or reprints or excerpts of any other
advertisement, sales literature, or published article), educational or
training materials or other communications distributed or made generally
available to some or all agents or employees, registration statements,
prospectuses, statements of additional information, shareholder reports and
proxy materials, and any other material constituting sales literature or
advertising under National Association of Securities Dealers, Inc. rules,
the Act or the 1933 Act.
ARTICLE IX
INDEMNIFICATION
9.1 Insurance Company agrees to indemnify and hold harmless each Participating
Fund, Dreyfus, each respective
Participating Fund's investment adviser and sub-investment adviser (if
applicable), each respective Participating Fund's distributor, and their
respective affiliates, and each of their directors, trustees, officers,
employees, agents and each person, if any, who controls or is associated
with any of the foregoing entities or persons within the meaning of the
1933 Act (collectively, the "Indemnified Parties" for purposes of Section
9.1), against any and all losses, claims, damages or liabilities joint or
several (including any investigative, legal and other expenses reasonably
incurred in connection with, and any amounts paid in settlement of, any
action, suit or proceeding or any claim asserted) for which the Indemnified
Parties may become subject, under the 1933 Act or otherwise, insofar as
such losses, claims, damages or liabilities (or actions in respect to
thereof) (i) arise out of or are based upon any untrue statement or alleged
untrue statement of any material fact contained in information furnished by
Insurance Company for use in the registration statement or Prospectus or
sales literature or advertisements of the respective Participating Fund or
with respect to the Separate Account or Contracts, or arise out of or are
based upon the omission or the alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements
therein not misleading; (ii) arise out of or as a result of conduct,
statements or representations (other than statements or representations
contained in the Prospectus and sales literature or advertisements of the
respective Participating Fund) of Insurance Company or its agents, with
respect to the sale and distribution of Contracts for which the respective
Participating Fund's shares are an underlying investment; (iii) arise out
of the wrongful conduct of Insurance Company or persons under its control
with respect to the sale or distribution of the Contracts or the respective
Participating Fund's shares; (iv) arise out of Insurance Company's
incorrect calculation and/or untimely reporting of net purchase or
redemption orders; or (v) arise out of any breach by Insurance Company of a
material term of this Agreement or as a result of any failure by Insurance
Company to provide the services and furnish the materials or to make any
payments provided for in this Agreement. Insurance Company will reimburse
any Indemnified Party in connection with investigating or defending any
such loss, claim, damage, liability or action; provided, however, that with
respect to clauses (i) and (ii) above Insurance Company will not be liable
in any such case to the extent that any such loss, claim, damage or
liability arises out of or is based upon any untrue statement or omission
or alleged omission made in such registration statement, prospectus, sales
literature, or advertisement in conformity with written information
furnished to Insurance Company by the respective Participating Fund
specifically for use therein. This indemnity agreement will be in
addition to any liability which Insurance Company may otherwise have.
9.2 Each Participating Fund severally agrees to indemnify and hold harmless
Insurance Company and each of its directors, officers, employees, agents
and each person, if any, who controls Insurance Company within the meaning
of the 1933 Act against any losses, claims, damages or liabilities to which
Insurance Company or any such director, officer, employee, agent or
controlling person may become subject, under the 1933 Act or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in
respect thereof) (1) arise out of or are based upon any untrue statement or
alleged untrue statement of any material fact contained in the registration
statement or Prospectus or sales literature or advertisements of the
respective Participating Fund; (2) arise out of or are based upon the
omission to state in the registration statement or Prospectus or sales
literature or advertisements of the respective Participating Fund any
material fact required to be stated therein or necessary to make the
statements therein not misleading; or (3) arise out of or are based upon
any untrue statement or alleged untrue statement of any material fact
contained in the registration statement or Prospectus or sales literature
or advertisements with respect to the Separate Account or the Contracts and
such statements were based on information provided to Insurance Company by
the respective Participating Fund; and the respective Participating Fund
will reimburse any legal or other expenses reasonably incurred by Insurance
Company or any such director, officer, employee, agent or controlling
person in connection with investigating or defending any such loss, claim,
damage, liability or action; provided, however, that the respective
Participating Fund will not be liable in any such case to the extent that
any such loss, claim, damage or liability arises out of or is based upon an
untrue statement or omission or alleged omission made in such registration
statement, Prospectus, sales literature or advertisements in conformity
with written information furnished to the respective Participating Fund by
Insurance Company specifically for use therein. This indemnity agreement
will be in addition to any liability which the respective Participating
Fund may otherwise have.
9.3 Each Participating Fund severally shall indemnify and hold Insurance
Company harmless against any and all liability, loss, damages, costs or
expenses which Insurance Company may incur, suffer or be required to pay
due to the respective Participating Fund's (1) incorrect calculation of the
daily net asset value, dividend rate or capital gain distribution rate; (2)
incorrect reporting of the daily net asset value, dividend rate or capital
gain distribution rate; and (3) untimely reporting of the net asset value,
dividend rate or
capital gain distribution rate; provided that the respective Participating
Fund shall have no obligation to indemnify and hold harmless Insurance
Company if the incorrect calculation or incorrect or untimely reporting was
the result of incorrect information furnished by Insurance Company or
information furnished untimely by Insurance Company or otherwise as a
result of or relating to a breach of this Agreement by Insurance Company.
9.4 Promptly after receipt by an indemnified party under this Article of notice
of the commencement of any action, such indemnified party will, if a claim
in respect thereof is to be made against the indemnifying party under this
Article, notify the indemnifying party of the commencement thereof. The
omission to so notify the indemnifying party will not relieve the
indemnifying party from any liability under this Article IX, except to the
extent that the omission results in a failure of actual notice to the
indemnifying party and such indemnifying party is damaged solely as a
result of the failure to give such notice. In case any such action is
brought against any indemnified party, and it notified the indemnifying
party of the commencement thereof, the indemnifying party will be entitled
to participate therein and, to the extent that it may wish, assume the
defense thereof, with counsel satisfactory to such indemnified party, and
to the extent that the indemnifying party has given notice to such effect
to the indemnified party and is performing its obligations under this
Article, the indemnifying party shall not be liable for any legal or other
expenses subsequently incurred by such indemnified party in connection with
the defense thereof, other than reasonable costs of investigation.
Notwithstanding the foregoing, in any such proceeding, any indemnified
party shall have the right to retain its own counsel, but the fees and
expenses of such counsel shall be at the expense of such indemnified party
unless (i) the indemnifying party and the indemnified party shall have
mutually agreed to the retention of such counselor (ii) the named parties
to any such proceeding (including any impleaded parties) include both the
indemnifying party and the indemnified party and representation of both
parties by the same counsel would be inappropriate due to actual or
potential differing interests between them. The indemnifying party shall
not be liable for any settlement of any proceeding effected without its
written consent. A successor by law of the parties to this Agreement shall
be entitled to the benefits of the indemnification contained in this
Article IX. The provisions of this Article IX shall survive termination of
this Agreement.
9.5 Insurance Company shall indemnify and hold each respective Participating
Fund, Dreyfus and sub-investment adviser of the Participating Fund harmless
against any tax liability incurred by the Participating Fund under Section
851 of the Code arising from purchases or redemptions by Insurance
Company's General Accounts or the account of its affiliates.
ARTICLE X
COMMENCEMENT AND TERMINATION
10.1 This Agreement shall be effective as of the date hereof and shall continue
in force until terminated in accordance with the provisions herein.
10.2 This Agreement shall terminate without penalty:
a. As to any Participating Fund, at the option of Insurance Company or
the Participating Fund at any time from the date hereof upon 180 days'
notice, unless a shorter time is agreed to by the respective
Participating Fund and Insurance Company;
b. As to any Participating Fund, at the option of Insurance Company, if
shares of that Participating Fund are not reasonably available to meet
the requirements of the Contracts as determined by Insurance Company.
Prompt notice of election to terminate shall be furnished by Insurance
Company, said termination to be effective ten days after receipt of
notice unless the Participating Fund makes available a sufficient
number of shares to meet the requirements of the Contracts within said
ten-day period;
c. As to a Participating Fund, at the option of Insurance Company, upon
the institution of formal proceedings against that Participating Fund
by the Commission, National Association of Securities Dealers or any
other regulatory body, the expected or anticipated ruling, judgment or
outcome of which would, in Insurance Company's reasonable judgment,
materially impair that Participating Fund's ability to meet and
perform the Participating Fund's obligations and duties hereunder.
Prompt notice of election to terminate shall be furnished by Insurance
Company with said termination to be effective upon receipt of notice;
d. As to a Participating Fund, at the option of each Participating Fund,
upon the institution of formal proceedings against Insurance Company
by the Commission, National Association of Securities Dealers or any
other regulatory body, the expected or anticipated ruling, judgment or
outcome of which would, in the Participating Fund's reasonable
judgment,
materially impair Insurance Company's ability to meet and perform
Insurance Company's obligations and duties hereunder. Prompt notice of
election to terminate shall be furnished by such Participating Fund
with said termination to be effective upon receipt of notice;
e. As to a Participating Fund, at the option of that Participating Fund,
if the Participating Fund shall determine, in its sole judgment
reasonably exercised in good faith, that Insurance Company has
suffered a material adverse change in its business or financial
condition or is the subject of material adverse publicity and such
material adverse change or material adverse publicity is likely to
have a material adverse impact upon the business and operation of that
Participating Fund or Dreyfus, such Participating Fund shall notify
Insurance Company in writing of such determination and its intent to
terminate this Agreement, and after considering the actions taken by
Insurance Company and any other changes in circumstances since the
giving of such notice, such determination of the Participating Fund
shall continue to apply on the sixtieth (60th) day following the
giving of such notice, which sixtieth day shall be the effective date
of termination;
f. As to a Participating Fund, upon termination of the Investment
Advisory Agreement between that Participating Fund and Dreyfus or its
successors unless Insurance Company specifically approves the
selection of a new Participating Fund investment adviser. Such
Participating Fund shall promptly furnish notice of such termination
to Insurance Company;
g. As to a Participating Fund, in the event that Participating Fund's
shares are not registered, issued or sold in accordance with
applicable federal law, or such law precludes the use of such shares
as the underlying investment medium of Contracts issued or to be
issued by Insurance Company. Termination shall be effective
immediately as to that Participating Fund only upon such occurrence
without notice;
h. At the option of a Participating Fund upon a determination by its
Board in good faith that it is no longer advisable and in the best
interests of shareholders of that Participating Fund to continue to
operate pursuant to this Agreement Termination pursuant to this
Subsection. (h) shall be effective upon notice by such Participating
Fund to Insurance Company of such termination;
i. At the option of a Participating Fund if the Contracts cease to
qualify as annuity contracts or life insurance
policies, as applicable, under the Code, or if such Participating Fund
reasonably believes that the Contracts may fail to so qualify;
j. At the option of any party to this Agreement, upon another party's
breach of any material provision of this Agreement;
k. At the option of a Participating Fund, if the Contracts are not
registered, issued or sold in accordance with applicable federal
and/or state law; or
l. Upon assignment of this Agreement, unless made with the written
consent of every other non-assigning party.
Any such termination pursuant to Section 10.2a, 10.2d, 10.2e, 10.2f or
10.2k herein shall not affect the operation of Article V of this
Agreement. Any termination of this Agreement shall not affect the
operation of Article IX of this Agreement.
10.3 Notwithstanding any termination of this Agreement pursuant to Section 10.2
hereof, each Participating Fund and Dreyfus may, at the option of the
Participating Fund, continue to make available additional shares of that
Participating Fund for as long as the Participating Fund desires pursuant
to the terms and conditions of this Agreement as provided below, for all
Contracts in effect on the effective date of termination of this Agreement
(hereinafter referred to as "Existing Contracts"). Specifically, without
limitation, if that Participating Fund and Dreyfus so elect to make
additional Participating Fund shares available, the owners of the Existing
Contracts or Insurance Company, whichever shall have legal authority to do
so, shall be permitted to reallocate investments in that Participating
Fund, redeem investments in that Participating Fund and/or invest in that
Participating Fund upon the making of additional purchase payments under
the Existing Contracts. In the event of a termination of this Agreement
pursuant to Section 10.2 hereof, such Participating Fund and Dreyfus, as
promptly as is practicable under the circumstances, shall notify Insurance
Company whether Dreyfus and that Participating Fund will continue to make
that Participating Fund's shares available after such termination. If such
Participating Fund shares continue to be made available after such
termination, the provisions of this Agreement shall remain in effect and
thereafter either of that Participating Fund or Insurance Company may
terminate the Agreement as to that Participating Fund, as so continued
pursuant to this Section 10.3, upon prior written notice to the other
party, such notice to be for a period that is reasonable under the
circumstances but, if given by the Participating Fund, need not be for more
than six months.
10.4 Termination of this Agreement as to any one Participating Fund shall not be
deemed a termination as to any other Participating Fund unless Insurance
Company or such other Participating Fund, as the case may be, terminates
this Agreement as to such other Participating Fund in accordance with this
Article X.
ARTICLE XI
AMENDMENTS
11.1 Any other changes in the terms of this Agreement, except for the addition
or deletion of any Participating Fund as specified in Exhibit A, shall be
made by agreement in writing between Insurance Company and each respective
Participating Fund. .
ARTICLE XII
NOTICE
12.1 Each notice required by this Agreement shall be given by certified mail,
return receipt requested, to the appropriate parties at the following
addresses:
Insurance Companies: Travelers Insurance Company
Xxx Xxxxx Xxxxxx
Xxxxxxxx, Xxxxxxxxxxx 00000
Attn: General Counsel
Participating Funds: [Name of Fund]
c/o Premier Mutual Fund
Services, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Vice President and
Assistant Secretary
with copies to: [Name of Fund]
c/o The Dreyfus Corporation
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxx X. Xxxxxx, Esq.
Xxxxxxxx X. Xxxxxxx, Esq.
Stroock & Stroock & Xxxxx
000 Xxxxxx Xxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Attn: Xxxxx X. Xxxx, Esq.
Xxxxxx X. Xxxxxxx, Esq.
Notice shall be deemed to be given on the date of receipt by the addresses
as evidenced by the return receipt.
ARTICLE XIII
MISCELLANEOUS
13.1 This Agreement has been executed on behalf of each Fund by the undersigned
officer of the Fund in his capacity as an officer of the Fund. The
obligations of this Agreement shall only be binding upon the assets and
property of the Fund and shall not be binding upon any director, trustee,
officer or shareholder of the Fund individually. It is agreed that the
obligations of the Funds are several and not joint, that no Fund shall be
liable for any amount owing by another Fund and that the Funds have
executed one instrument for convenience only.
ARTICLE XIV
LAW
14.1 This Agreement shall be construed in accordance with the internal laws of
the State of New York, without giving effect to principles of conflict of
laws.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be duly
executed and attested as of the date first above written.
THE TRAVELERS INSURANCE COMPANY
By: /s/ Xxxxxx Xxxxxxx
Its: Senior Vice President
Attest:
THE TRAVELERS LIFE AND ANNUITY COMPANY
By: /s/ Xxxxxx Xxxxxxx
Its:
Attest:
DREYFUS LIFE AND ANNUITY INDEX FUND,
INC. (d/b/a DREYFUS STOCK INDEX FUND)
By: /s/ Xxxx Xxxxxxx
Its: V.P. & Assist. Sec.
Attest: /s/ XX Xxxxxx
THE DREYFUS SOCIALLY RESPONSIBLE GROWTH
FUND, INC.
By: /s/ Xxxx Xxxxxxx
Its: V.P. & Assist. Sec.
Attest: /s/ XX Xxxxxx
DREYFUS VARIABLE INVESTMENT FUND
By: /s/ Xxxx Xxxxxxx
Its: V.P. & Assist. Sec.
Attest: /s/ XX Xxxxxx
EXHIBIT A
LIST OF PARTICIPATING FUNDS
Dreyfus Stock Index Fund
Dreyfus Variable Investment Fund - Small Cap Portfolio
Dreyfus Variable Investment Fund - Capital Appreciation Portfolio
AMENDMENT NO. 1 TO THE PARTICIPATION AGREEMENT
WHEREAS, a Participation Agreement (the "Agreement") was entered into the
23rd day of March, 1998 by and between each of The Travelers Insurance Company
and The Travelers Life and Annuity Company, both Connecticut stock insurance
companies , (the "Company") and each of Dreyfus Variable Investment Fund, the
Dreyfus Socially Responsible Growth Fund, Inc. and Dreyfus Life and Annuity
Index Fund, Inc., all open-end management investment companies (the "Funds");
and
WHEREAS, under the Agreement, the Company intends to purchase shares of the
Portfolios listed in Schedule A; and
WHEREAS, the Funds are authorized to sell shares to unit investment trusts;
and
WHEREAS, the Company and the Funds desire to amend the Agreement effective
as of various dates to add new separate accounts to the Agreement.
NOW, THEREFORE, in consideration of the promises and the mutual agreements
herein contained, the parties hereto agree to amend the Agreement by replacing
existing Paragraph 1.12 of Article I with a new Paragraph 1.12 to read as
follows:
1.12 "Separate Account" shall mean The Travelers Fund U for Variable
Annuities, The Travelers Fund UL for Variable Annuities, The Travelers
Fund UL II for Variable Annuities, The Travelers Fund BD for Variable
Annuities, The Travelers Fund XX XX for Variable Annuities, The
Travelers Separate Account QP for Variable Annuities, The Travelers
Separate Account QPN for Variable Annuities, The Travelers Fund ABD
for Variable Annuities, The Travelers Fund ABD II for Variable
Annuities, The Travelers Separate Account TM for Variable Annuities,
The Travelers Separate Account XX XX for Variable Annuities, The
Travelers Separate Account Five for Variable Annuities, and The
Travelers Separate Account Six for Variable Annuities, each of which
is a separate account established by the Insurance Company in
accordance with the laws of the state of Connecticut.
IN WITNESS WHEREOF, the parties hereto have caused this amendment to the
Agreement to be signed by their respective officials thereunto duly authorized
and seals to be affixed, in the case of the Company.
TRAVELERS INSURANCE COMPANY
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Senior Vice President
TRAVELERS LIFE AND ANNUITY COMPANY
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title Senior Vice President
DREYFUS LIFE AND ANNUITY INDEX FUND,
INC. (d/b/a DREYFUS STOCK INDEX FUND)
By: /s/ Xxxxxxx X. Xxxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxxx
Title: Vice President
THE DREYFUS SOCIALLY RESPONSIBLE
GROWTH FUND, INC.
By: /s/ Xxxxxxx X. Xxxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxxx
Title: Vice President
DREYFUS VARIABLE INVESTMENT FUND
By: /s/ Xxxxxxx X. Xxxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxxx
Title: Vice President
May 17, 2001
Dreyfus Variable Investment Fund
Dreyfus Stock Index Fund
Dreyfus Socially Responsible Growth Fund, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Pursuant to the Participation Agreement and any amendments thereto (the
"Agreement") between you (the "Fund") and us The Travelers Insurance Company and
The Travelers Life and Annuity Company (the "Company"), (collectively, the
"Parties") we hereby consent to add a new separate account, The Travelers
Separate Account PP for Variable Life Insurance, to Section 1.12. We further
agree that the following language shall be made a part of the existing
Agreement.
Any separate account covered by the Agreement is either registered as a unit
investment trust under the 1940 Act, or is exempt from such registration.
Further the Contracts or interest in the separate accounts are either registered
as securities under the 1933 Act, or are exempt from such registration.
In addition, the Fund will provide the Company with fund prospectuses and any
supplements thereto in PDF format contemporaneously with or prior to the filing
of the fund prospectus or supplement with the SEC.
All other provisions of the Agreement remain unchanged, unless they are amended
by written agreement.
The Parties hereby agree, effective as of June 1, 2001, to amend the Agreement
described above.
Dreyfus Variable Investment Fund
By: /s/ Xxxxxx X. Xxxxxx
Title: Assistant Secretary
Dreyfus Stock Index Fund The Dreyfus Socially Responsible Growth
Fund, Inc.
By: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxx
Title: Assistant Secretary Title: Secretary
The Travelers Insurance Company The Travelers Life and Annuity Company
By: /s/ illegible By: /s/ illegible
Title: Vice President Title: Vice President
AMENDMENT TO PARTICIPATION AGREEMENT
The Amended and Restated Fund Participation Agreement dated March 23, 1998, by
and between The Travelers Insurance Company, The Travelers Life and Annuity
Company (collectively referred to as "Insurance Company"), Dreyfus Variable
Investment Fund, The Dreyfus Socially Responsible Growth Fund, Inc., Dreyfus
Life and Annuity Index Fund, Inc., (d/b/a Dreyfus Stock Index Fund), (each a
"Fund") is hereby amended as of October 22, 2004 as stated below.
WHEREAS, the Company and Funds desire to amend said Agreement by to clarify
certain provisions of the Agreement and add new separate accounts to the
Agreement.
NOW THEREFORE, in consideration of the promises and the mutual agreements herein
contained, the parties hereto agree to amend the Agreement as follows:
(1) Existing Paragraph 1.12 of Article 1 with a new Paragraph 1.12 to read as
follows:
1.12 Separate Account shall mean the Separate Accounts listed on Exhibit B
and attached hereto, each of which is a separate account established by
Insurance Company in accordance with the laws of the state of Connecticut.
(2) Article IV, Paragraph 4.2 of the Agreement, each party hereby agrees to
amend said Paragraph by adding the following language:
In addition to any other format in which the Fund may choose to provide its
prospectuses to the Company, the Fund will also provide the Company with
fund prospectuses and any supplements thereto in PDF format within five
business days of filing of the fund prospectus or supplement with the SEC.
(3) Exhibit A is replaced with a new Exhibit A attached hereto.
(4) The Separate Accounts of the Company which invest in shares of the Fund are
now listed in new Exhibit B attached hereto:
(5) The parties agree to add Dreyfus Investment Portfolios as a party to this
Agreement.
IN WITNESS WHEREOF, each of the parties hereto have caused this Amendment to the
Agreement to be executed in their names and on their behalf by and through their
duly authorized officers signing below.
TRAVELERS INSURANCE COMPANY
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Vice President + Secretary
TRAVELERS LIFE AND ANNUITY COMPANY
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Vice President + Secretary
DREYFUS LIFE AND ANNUITY INDEX FUND,
INC., (D/B/A DREYFUS STOCK INDEX FUND)
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Assistant Secretary
THE DREYFUS SOCIALLY RESPONSIBLE
GROWTH FUND, INC.
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Secretary
DREYFUS VARIABLE INVESTMENT FUND
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Assistant Secretary
EXHIBIT A
Dreyfus Variable Investment Fund
Appreciation Portfolio Initial Class Shares
Small Cap Portfolio Initial Class Shares
Disciplined Stock Portfolio Service Class Shares
Dreyfus Stock Index Fund Initial Class Shares
The Dreyfus Socially Responsible
Growth Fund, Inc. Initial & Service Class Shares
Dreyfus Stock Index Fund Initial Class Shares
Dreyfus Investment Portfolios
Mid Cap Stock Portfolios Service Class Shares
EXHIBIT B
The Travelers Separate Account Five for Variable Annuities
The Travelers Separate Account Six for Variable Annuities
The Travelers Separate Account Eleven for Variable Annuities
The Travelers Separate Account Twelve for Variable Annuities
The Travelers Separate Account Thirteen for Variable Annuities
The Travelers Separate Account Fourteen for Variable Annuities
The Travelers Separate Account QP for Variable Annuities
The Travelers Separate Account QPN for Variable Annuities
The Travelers Separate Account QPN II for Variable Annuities
The Travelers Separate Account TM for Variable Annuities
The Travelers Separate Account XX XX for Variable Annuities
The Travelers Fund ABD for Variable Annuities
The Travelers Fund ABD II for Variable Annuities
The Travelers Fund BD for Variable Annuities
The Travelers Fund XX XX for Variable Annuities
The Travelers Fund BD III for Variable Annuities
The Travelers Fund XX XX for Variable Annuities
The Travelers Fund U for Variable Annuities
The Travelers Fund UL for Variable Annuities
The Travelers Fund UL II for Variable Annuities
The Travelers Fund UL III for Variable Annuities
TIC Variable Annuity Separate Account 2002
TLAC Variable Annuity Separate Account 2002
The Travelers Separate Account PP for Variable Life Insurance
The Travelers Separate Account QP for Variable Annuities
The Travelers Fund UL for Variable Life Insurance
The Travelers Fund UL II for Variable Life Insurance
The Travelers Separate Account TM for Variable Annuities
The Travelers Separate Account XX XX for Variable Annuities
AMENDMENT TO PARTICIPATION AGREEMENT
The Amended and Restated Fund Participation Agreement dated March 23, 1998, as
amended May 17, 2001 and April 3, 2003, by and between The Travelers Insurance
Company, The Travelers Life and Annuity Company (collectively referred to as
"Insurance Company"), Dreyfus Variable Investment Fund, The Dreyfus Socially
Responsible Growth Fund, Inc., Dreyfus Life and Annuity Index Fund, Inc., (d/b/a
Dreyfus Stock Index Fund), (each a "Fund") is hereby amended as of September 1,
2005 as stated below.
WHEREAS, the Company and Funds desire to amend said Agreement to reflect
the current name of the Fund formerly known as "Dreyfus Variable Investment Fund
Small Cap Portfolio" and to add a new separate account to the list of those
authorized to participate in the Funds pursuant to the Agreement.
NOW THEREFORE, in consideration of the promises and the mutual agreements
herein contained, the parties hereto agree to amend the Agreement as
follows:
1. Exhibit A to the Agreement is hereby deleted and replaced with a new
Exhibit A attached hereto.
2. Exhibit B to the Agreement is hereby deleted and replaced with Exhibit
B dated September 1, 2005 attached hereto.
IN WITNESS WHEREOF, each of the parties hereto have caused this Amendment to the
Agreement to be executed in their names and on their behalf by and through their
duly authorized officers signing below.
TRAVELERS INSURANCE COMPANY
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Vice President + Asst. Secretary
TRAVELERS LIFE AND ANNUITY COMPANY
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Vice President + Asst. Secretary
DREYFUS LIFE AND ANNUITY INDEX FUND,
INC., (D/B/A DREYFUS STOCK INDEX FUND)
By: /s/ Xxxxxxx X. Xxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxx
Title: Secretary
THE DREYFUS SOCIALLY RESPONSIBLE
GROWTH FUND, INC.
By: /s/ Xxxxxxx X. Xxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxx
Title: Assistant Secretary
DREYFUS VARIABLE INVESTMENT FUND
By: /s/ Xxxxxxx X. Xxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxx
Title: Secretary
EXHIBIT A
Dreyfus Variable Investment Fund
Appreciation Portfolio Initial Class Shares
Developing Leaders Portfolio Initial Class Shares
(formerly Dreyfus Small Cap Portfolio)
Disciplined Stock Portfolio Service Class Shares
Dreyfus Stock Index Fund Initial Class Shares
The Dreyfus Socially Responsible Growth
Fund, Inc. Initial & Service Class Shares
Dreyfus Stock Index Fund Initial Class Shares
Dreyfus Investment Portfolios
Mid Cap Stock Portfolios Service Class Shares
EXHIBIT B
SEPTEMBER 1, 2005
The Travelers Separate Account Five for Variable Annuities
The Travelers Separate Account Six for Variable Annuities
The Travelers Separate Account Eleven for Variable Annuities
The Travelers Separate Account Twelve for Variable Annuities
The Travelers Separate Account Thirteen for Variable Annuities
The Travelers Separate Account Fourteen for Variable Annuities
The Travelers Separate Account QP for Variable Annuities
The Travelers Separate Account QPN for Variable Annuities
The Travelers Separate Account QPN II for Variable Annuities
The Travelers Separate Account TM for Variable Annuities
The Travelers Separate Account XX XX for Variable Annuities
The Travelers Fund ABD for Variable Annuities
The Travelers Fund ABD II for Variable Annuities
The Travelers Fund BD for Variable Annuities
The Travelers Fund XX XX for Variable Annuities
The Travelers Fund BD III for Variable Annuities
The Travelers Fund XX XX for Variable Annuities
The Travelers Fund U for Variable Annuities
The Travelers Fund UL for Variable Life Insurance
The Travelers Fund UL II for Variable Life Insurance
The Travelers Fund UL III for Variable Life Insurance
TIC Variable Annuity Separate Account 2002
TLAC Variable Annuity Separate Account 2002
The Travelers Separate Account PP for Variable Life Insurance
The Travelers Separate Account QP for Variable Annuities
The Travelers Fund UL for Variable Life Insurance
The Travelers Fund UL II for Variable Life Insurance
The Travelers Separate Account TM for Variable Annuities
The Travelers Separate Account XX XX for Variable Annuities
The Travelers Separate Account CPPVUL1 for Variable Life Insurance
FOURTH AMENDMENT TO THE AMENDED AND RESTATED FUND
PARTICIPATION AGREEMENT DATED MARCH 23, 1998
The Amendment and Restated Fund Participation Agreement, as amended, (the
"Agreement") by and among MetLife Insurance Company of Connecticut, previously
known as The Travelers Insurance Company, and MetLife Annuity Company of
Connecticut, previously known as The Travelers Life and Annuity Company,
(collectively referred to as "Insurance Company") and each of Dreyfus Variable
Investment Fund, Dreyfus Investment Portfolios, The Dreyfus Socially Responsible
Growth Fund, Inc., and Dreyfus Stock Index Fund, Inc. (f/k/a Dreyfus Life and
Annuity Index Fund, Inc. [d/b/a/ Dreyfus Stock Index Fund]), (each a "Fund), is
hereby amended as of November 10, 2008 as stated below.
WHEREAS, on May 1, 2006, The Travelers Insurance Company was renamed
MetLife Insurance Company of Connecticut ("MICC") and The Travelers Life and
Annuity Company was renamed MetLife Life and Annuity Company of Connecticut
("MLACC");
WHEREAS, on December 7, 2007, MLACC was merged with and into MICC;
WHEREAS, the parties desire to amend the Agreement by to update the list of
Participating Funds on Exhibit A;
WHEREAS, the parties desire to amend the Agreement to update the separate
accounts on Exhibit B;
WHEREAS, the parties desire to amend the Agreement to update the notice
provision;
NOW THEREFORE, in consideration of the foregoing and of the mutual
covenants and conditions set forth herein and for other good and valuable
consideration, each of the parties amends the Agreement as follows:
1. MetLife and Annuity Company of Connecticut is hereby removed as a
party to the agreement, and "Insurance Company" shall be deemed to
refer to MetLife Insurance Company of Connecticut only.
2. Dreyfus Investment Portfolios and Dreyfus Stock Index Fund, Inc. are
removed as parties to the agreement
3. Exhibit A of the Agreement is hereby deleted in its entirety and
replaced with Exhibit A attached hereto.
4. Exhibit B of the Agreement is hereby deleted in its entirety and
replaced with Exhibit B attached hereto.
5. Article XII of the Agreement entitled "Notice", as applicable to the
Insurance Company, shall be amended as follows:
"INSURANCE COMPANY:
MetLife Insurance Company of Connecticut
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Attention: Xxxx X. Xxxxxx, Xx., Vice President
Copy to:
MetLife Insurance Company of Connecticut
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Attention: Law Department"
Except as set forth above, expressly supplemented, amended or consented to
hereby, all of the representations and conditions of the Agreement will remain
unamended and will continue to be in full force and effect.
IN WITNESS WHEREOF, each of the parties hereto have caused this Amendment to be
executed in their names and on their behalf by and through their duly authorized
officers signing below.
METLIFE INSURANCE COMPANY OF ON BEHALF OF EACH OF THOSE
CONNECTICUT DREYFUS FUNDS LISTED ABOVE AS
PARTIES TO THE AGREEMENT
By: /s/ Xxxx X. XxXxxxx By: /s/ Xxxxxxx X. Xxxxxxxxx
Name: Xxxx X. XxXxxxx Name: Xxxxxxx X. Xxxxxxxxx
Its: Vice President + Actuary Its: Secretary
EXHIBIT A
LIST OF PARTICIPATING FUNDS
FUND NAME SHARE CLASS
--------- --------------------------
DREYFUS VARIABLE INVESTMENT FUND
Appreciation Portfolio Initial Shares
Developing Leaders Portfolio Initial Shares
Developing Leaders Portfolio Initial and Service Shares
THE DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND, INC. Service Shares
EXHIBIT B
SEPARATE ACCOUNTS
MetLife of CT Fund ABD for Variable Annuities
MetLife of CT Fund ABD II for Variable Annuities
MetLife of CT Fund BD for Variable Annuities
MetLife of CT Fund XX XX for Variable Annuities
MetLife of CT Fund BD III for Variable Annuities
MetLife of CT Fund XX XX for Variable Annuities
MetLife of CT Separate Account TM for Variable Annuities
MetLife of CT Separate Account XX XX for Variable Annuities
MetLife of CT Separate Account Eleven for Variable Annuities
MetLife of CT Separate Account Twelve for Variable Annuities
MetLife of CT Separate Account Thirteen for Variable Annuities
MetLife of CT Separate Account Fourteen for Variable Annuities
MetLife Insurance Company of CT Variable Annuity Separate Account 2002
MetLife Life and Annuity Company of CT Variable Annuity Separate Account 2002
MetLife of CT Separate Account QPN II for Variable Annuities
MetLife of CT Separate Account QPN for Variable Annuities
MetLife of CT Separate Account QP for Variable Annuities
MetLife of CT Separate Account Five for Variable Annuities
MetLife of CT Separate Account Six for Variable Annuities
MetLife of CT Fund UL for Variable Life Insurance
MetLife of CT Fund UL II for Variable Life Insurance
MetLife of CT Fund UL III for Variable Life Insurance
MetLife of CT Separate Account CPPVUL1
MetLife of CT Separate Account PP for Variable Life Insurance
MetLife of CT Fund U for Variable Annuities
