HARTFORD SERIES FUND, INC.
SHARE PURCHASE AGREEMENT
HARTFORD LIFE INSURANCE COMPANY ("HL"), a Connecticut Corporation, as
Sponsor-Depositor, now and in the future, of certain unit investment trusts, and
issuer of certain variable annuity and variable life insurance contracts (the
"Contracts") issued with respect to such unit investment trusts hereby agrees as
of the _____________ day of _______________, 199_ with HARTFORD SERIES FUND,
INC. (the "Fund"), an open-end, diversified, management investment company, to
an arrangement whereby Fund shares shall be made available to serve as the
underlying investment media for the Contracts, subject to the following
provisions:
1. Fund shares shall be purchased at the net asset value applicable to each
order as established in accordance with the provisions of the then
currently-effective prospectus of the Fund. Fund shares shall be ordered
in such quantity and at such times as determined by HL (or its successor)
to be necessary to meet the requirements of the Contracts. Confirmations
of Fund share purchases will be sent directly to HL by the Fund. All Fund
share purchases shall be maintained in a book share account in the name of
HL. Payment for shares shall be made directly to the Fund by HL and
payment for redemption shall be made directly to HL by the Fund, all
within the applicable time periods allowed for settlement of securities
transactions. If payment is not received by the Fund within such period,
the Fund may, without notice, cancel the order and hold HL responsible for
any loss suffered by the Fund resulting from such failure to receive
timely payment.
Notice shall be furnished promptly to HL by the Fund of any dividend or
distribution payable on Fund shares.
2. (a)The Fund represents that its shares are registered under the Securities
Act of 1933, as amended, and that all appropriate federal and state
registration provisions have been complied with as to such shares and that
such shares may properly be made available for the purposes of this
Agreement. The Fund shall bear the cost of any such registration, as well
as the expense of any taxes assessed upon the issuance or transfer of Fund
shares pursuant to this Agreement.
(b) The Fund shall supply to HL, in a timely manner and in a sufficient
number to allow distribution by HL to each owner of or participant under a
Contract (i) annual and semiannual reports of the Fund's condition, and
(ii) any other shareholder notice, report or document required by law to
be delivered to
shareholders. The Fund shall bear the cost of preparing and supplying the
foregoing materials and HL shall bear the cost of any distribution
thereof.
3. HL shall not make any representation concerning Fund shares except those
contained in the then current prospectus of the Fund and in printed
information subsequently issued by the Fund as information supplemental to
the prospectus.
4. This Agreement shall terminate as to new Contracts:
(a) At the option of HL or the Fund upon six months' advance notice to the
other;
(b) At the option of HL if Fund shares are not available for any reason to
meet the requirements of the Contracts but then only as to those new
Contracts, the terms of which require the periodic payments to be invested
in whole or in part in that particular Series;
(c) At the option of HL, upon institution of formal proceedings against
the Fund by the Securities and Exchange Commission or any other regulatory
body;
(d) Upon assignment of this Agreement, unless made with the written
consent of the other party to this Agreement;
(e) If Fund shares are not registered, issued or sold in conformance with
applicable federal or state law or if such laws preclude the use of Fund
shares as the underlying investment media of the Contracts. Prompt notice
shall be given to HL in the event the conditions of this provision occur.
Notice of termination hereunder shall be given promptly by the party
desiring to terminate to the other party to this Agreement.
5. Termination as the result of any cause listed in the preceding paragraph
shall not affect the Fund's obligation to furnish Fund shares in
connection with Contracts then in force for which the shares of the Fund
serve or may serve as the underlying investment media, unless further sale
of Fund shares is proscribed by the Securities and Exchange Commission or
other regulatory body, or if Fund shares of the requisite Series are no
longer available.
6. This Agreement shall supersede any prior agreement between the parties
hereto relating to the same subject matter.
7. Each notice required by this Agreement shall be given in writing as
follows:
If to the Fund:
Hartford Series Fund, Inc.
X.X. Xxx 0000
Xxxxxxxx, Xxxxxxxxxxx 00000-0000
2
If to HL:
Hartford Life Insurance Company
X.X. Xxx 0000
Xxxxxxxx, Xxxxxxxxxxx 00000-0000
8. This Agreement shall be construed in accordance with the laws of the State
of Connecticut.
Dated:
HARTFORD SERIES FUND, INC.
By:______________________________
HARTFORD LIFE INSURANCE COMPANY
By:______________________________
3
HARTFORD SERIES FUND, INC.
SHARE PURCHASE AGREEMENT
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY ("Hartford"), a Connecticut
Corporation, as Sponsor-Depositor, now and in the future, of certain unit
investment trusts, and issuer of certain variable annuity and variable life
insurance contracts (the "Contracts") issued with respect to such unit
investment trusts hereby agrees as the ______________ day of _________________,
199_ with HARTFORD SERIES FUND, INC. (the "Fund"), an open-end, diversified,
management investment company to an arrangement whereby Fund shares shall be
made available to serve as the underlying investment media for the Contracts,
subject to the following provisions:
1. Fund shares shall be purchased at the net asset value applicable to each
order as established in accordance with the provisions of the then
currently-effective prospectus of the Fund. Fund shares shall be ordered
in such quantity and at such times as determined by Hartford (or its
successor) to be necessary to meet the requirements of the Contracts.
Confirmations of Fund share purchases will be sent directly to Hartford by
the Fund. All Fund share purchases shall be maintained in a book share
account in the name of Hartford. Payment for shares shall be made directly
to the Fund by Hartford and payment for redemption shall be made directly
to Hartford by the Fund, all within the applicable time periods allowed
for settlement of securities transactions. If payment is not received by
the Fund within such period, the Fund may, without notice, cancel the
order and hold Hartford responsible for any loss suffered by the Fund
resulting from such failure to receive timely payment.
Notice shall be furnished promptly to Hartford by the Fund of any dividend
or distribution payable on Fund shares.
2. (a) The Fund represents that its shares are registered under the
Securities Act of 1933, as amended, and that all appropriate federal and
state registration provisions have been complied with as to such shares
and that such shares may properly be made available for the purposes of
this Agreement. The Fund shall bear the cost of any such registration, as
well as the expense of any taxes assessed upon the issuance or transfer of
Fund shares pursuant to this Agreement.
(b) The Fund shall supply to Hartford, in a timely manner and in a
sufficient number to allow distribution by Hartford to each owner of or
participant under a Contract (i) annual and semiannual reports of the
Fund's condition, and (ii) any other shareholder notice, report or
document required by law to be delivered to shareholders. The Fund shall
bear the cost of preparing and supplying the foregoing materials and
Hartford shall bear the cost of any distribution thereof.
3. Hartford shall not make any representation concerning Fund shares except
those contained in the then current prospectus of the Fund and in printed
information subsequently issued by the Fund as information supplemental to
the prospectus.
4. This Agreement shall terminate as to new Contracts:
(a) At the option of Hartford or the Fund upon six months' advance notice
to the other;
(b) At the option of Hartford if Fund shares are not available for any
reason to meet the requirements of the Contracts but then only as to those
new Contracts, the terms of which require the periodic payments to be
invested in whole or in part in that particular Series;
(c) At the option of Hartford, upon institution of formal proceedings
against the Fund by the Securities and Exchange Commission or any other
regulatory body;
(d) Upon assignment of this Agreement, unless made with the written
consent of the other party to this Agreement;
(e) If Fund shares are not registered, issued or sold in conformance with
applicable federal or state law or if such laws preclude the use of Fund
shares as the underlying investment media of the Contracts. Prompt notice
shall be given to Hartford in the event the conditions of this provision
occur.
Notice of termination hereunder shall be given promptly by the party
desiring to terminate to the other party to this Agreement.
5. Termination as the result of any cause listed in the preceding paragraph
shall not affect the Fund's obligation to furnish Fund shares in
connection with Contracts then in force for which the shares of the Fund
serve or may serve as the underlying investment media, unless further sale
of Fund shares is proscribed by the Securities and Exchange Commission or
other regulatory body, or if Fund shares of the requisite Series are no
longer available.
6. This Agreement shall supersede any prior agreement between the parties
hereto relating to the same subject matter.
7. Each notice required by this Agreement shall be given in writing as
follows:
If to the Fund:
Hartford Series Fund, Inc.
X.X. Xxx 0000
Xxxxxxxx, Xxxxxxxxxxx 00000-0000
2
If to Hartford:
Hartford Life and Annuity Insurance Company
X.X. Xxx 0000
Xxxxxxxx, Xxxxxxxxxxx 00000-0000
8. This Agreement shall be construed in accordance with the laws of the State
of Connecticut.
Dated:
HARTFORD SERIES FUND, INC.
By:______________________________
HARTFORD LIFE AND ANNUITY
INSURANCE COMPANY
By:______________________________
3
