EXHIBIT 10.2
AMENDMENT SIX TO
ADMINISTRATIVE SERVICES AGREEMENT
THIS SIXTH AMENDMENT TO THE ADMINISTRATIVE SERVICES AGREEMENT is effective as
indicated herein, by and between TRANSAMERICA LIFE INSURANCE AND ANNUITY
COMPANY, hereinafter referred to as "Transamerica," a North Carolina
corporation, and LEGACY MARKETING GROUP, hereinafter referred to as "LMG," a
California corporation.
WHEREAS, Transamerica and LMG entered into an Administrative Services Agreement,
dated May 29, 1998, as amended, hereinafter referred to as the "Agreement,"
wherein LMG agreed to provide certain Transamerica accounting and service
functions in consideration of the fees as set forth in APPENDIX B of the
Agreement.
NOW, THEREFORE, in consideration of the foregoing recitals and mutual promises
hereinafter contained and other good and valuable consideration, the parties
hereto do agree as follows:
1. The Policy Forms table in APPENDIX A is restated & amended to include new
business Discontinuance Dates as follows. No new policies may be issued for
applications received on or after the discontinuance date. For the products
earmarked to be withdrawn effective March 3rd, 2003 in the case of 1035
exchanges and other transfers between financial institutions, the
application and completed exchange transfer paperwork must be received by
March 3rd, 2003 and the transferred funds completed by June 6th, 2003 in
order for the policy to be issued. Notwithstanding the foregoing, LMG shall
continue to provide administrative services for such policies.
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PRODUCT NAME POLICY FORM NUMBERS* EFFECTIVE DATES DISCONTINUANCE DATES
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SelectMark(R) Series
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SelectMark(R)5 75/25 T-CTMY0298-5-75/25; 5/29/98 3/3/03
T-PTMY0298-5-7525
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SelectMark(R)7 75/25 T-CMY0799-7-75/25; 10/18/99 3/3/03
T-PMY0799-7-75/25
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SelectMark(R)10 75/25 T-CTMY0298-10-75/25; 5/29/98 3/3/03
T-PTMY0298-10-75/25
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SelectMark(R) Secure Series
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SelectMark(R)5 Secure T-CTMY0298-5-50/50; 7/10/2000 3/3/03
(formerly known as the T-PTMY0298-5-50/50 (5/29/98 for
SelectMark(R)5 50/50) SelectMark(R)5
50/50)
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SelectMark(R)7 Secure T-CMY0799-7-50/50; 7/10/2000 3/3/03
(formerly known as the T-PMY0799-7-50/50 (10/18/99 for
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SelectMark(R)7 50/50) SelectMark(R)7
50/50)
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SelectMark(R) Special Edition Series
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Selectmark(R)5 Special T-PSMSE-0801-5 01/02/02 3/3/03
Edition T-CSMSE-0801-5
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SelectMark(R)7 Special T-CMY0799-7-100; 10/18/99 3/3/03
Edition T-PMY0799-7-100
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SelectMark(R) 7 Special T-CEIA-0500-7 7/26/2000 3/3/03
Edition Equity Index
Strategy
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SelectMark(R)10 Special T-CTMY0298-10-50/50; 2/9/99 3/3/03 for all
Edition (formerly known as T-PTMY0298-10-50/50 5/29/98 for states except
the Select Xxxx(R)10 50/50) SelectMark(R)10 Florida.
50/50) 9/1/03 for plan codes
ARIH52 & ARIR52 in
Florida**
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SelectMark(R)10 Special T-CMY1099-10-100; 4/6/2000 3/3/03
Edition with STS T-PMY1099-10-100
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SelectMark(R) 10 Special T-CEIA-0500-10; 7/26/2000 3/3/03
Edition Equity Index T-PEIA-0500-10
Strategy
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SelectMark(R)10 Special T-CEIA-0500-10STS; 7/26/2000 3/3/03
Edition with STS and Equity T-PEIA-0500-10STS
Index Strategy
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Selectmark(R)Special T-C-SMSE-0402-10-4; 04/30/02 9/1/03**
Edition Plus 4 T-P-SMSE-0402-10-4
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Selectmark(R)Special T-C-SMSE-0402-10-0; 05/06/02 3/3/03
Edition Plus T-P-SMSE-0402-10-0
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SelectMark(R) Elite Series
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SelectMark(R)5 Elite T-C390-0701-5; 9/1/01 9/1/03**
T-P390-0701-5
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SelectMark(R)7 Elite T-C390-0701-7; 9/1/01 9/1/03**
T-P390-0701-7
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SelectMark(R)10 Elite T-C390-0701-10; 9/1/01 9/1/03**
T-P390-0701-10
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PreferMark Series
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PreferMark Platinum T-CMY0500-9; 7/26/2000
T-PMY0500-9
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PreferMark Gold T-CMY0500-10; 7/26/2000
T-PMY0500-10
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Riders
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Beneficiary Rider T-CBR-0799; 10/18/99
T-PBR-0799
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Beneficiary Rider Plus T-PBRII-0400;
T-CBRII-0400 7/26/2000
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* Including all State required variations of the above referenced
products/policy form numbers
** Transamerica and LMG may determine that this date may need to be changed
depending on how other product development efforts progress. Any such
change shall be set forth in a separate written agreement or amendment.
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2. The third sentence of Section 4.3(a) is hereby amended to read as follows:
"LMG and Transamerica shall, if required by law or governmental regulation,
provide fifteen days' written notice of termination or cancellation or any
other change in the Agreement to the appropriate Departments of Insurance.
3. Appendix D, "Schedule of Authorized Personnel, Representing Transamerica,
Authorized to provide day to day direction of LMG employees for items not
covered in this Agreement" is hereby amended to read as follows:
Xxx Xxxxxxx
Xxxxxxxx Xxxxx
Xxxx Xxxxx
Xxxxx XxXxxx
IN WITNESS HEREOF, the parties have hereto executed this Agreement.
LEGACY MARKETING GROUP
By: /s/ Xxx Xxxx
Title: VP of Marketing
Date: May 6, 2003
TRANSAMERICA LIFE INSURANCE AND ANNUITY COMPANY
By: /s/ Xxx Xxxxxxx
Title: VP Legacy Marketing Sales
Date: May 7, 2003
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