1
EXHIBIT (8)(k)
AMENDMENT NO. 1 TO PARTICIPATION AGREEMENT
AMONG
FARMERS NEW WORLD LIFE INSURANCE COMPANY,
PIMCO VARIABLE INSURANCE TRUST,
AND
PIMCO FUNDS DISTRIBUTORS LLC
This Amendment No. 1 to the Participation Agreement dated March 16, 2000
(the "Agreement") between Farmers New World Life Insurance Company (the
"Company"), PIMCO Variable Insurance Trust (the "Fund"), and PIMCO Funds
Distributors LLC (the "Underwriter") is effective as of April 1, 2000.
Capitalized terms not otherwise defined herein shall have the meanings ascribed
to them in the Agreement.
WHEREAS, the Company, the Fund, and the Underwriter have entered into
the Agreement to provide for the purchase by the Company, on behalf of one or
more of its segregated asset accounts ("Accounts"), of shares of beneficial
interest of the several series ("Portfolios") of the Fund;
WHEREAS, the Fund, effective April 1, 2000, may offer shares of its
Portfolios in two classes, designated "Institutional Class" shares and
"Administrative Class" shares;
WHEREAS, the shares of the Portfolios offered prior to April 1, 2000
have been designated as Administrative Class shares;
NOW, THEREFORE, in consideration of their mutual promises, the Company,
the Fund and the Underwriter agree that the final WHEREAS clause in the
Agreement be amended to read as follows:
"WHEREAS, to the extent permitted by applicable insurance laws
and regulations, the Company intends to purchase Administrative
Class shares in the Portfolios listed in Schedule A hereto, as
it may be amended from time to time by mutual written agreement
(the "Designated Portfolios") on behalf of the Account to fund
the aforesaid Contracts, and the Underwriter is authorized to
sell such shares to the Account at net asset value;"
This Amendment No. 1 may be executed simultaneously in two or more
counterparts, each of which taken together shall constitute one and the same
instrument.
2
FARMERS NEW WORLD LIFE INSURANCE COMPANY
By its authorized officer
By: /s/ Xxxx X. Xxxxxx
-----------------------------------------
Name: Xxxx X. Xxxxxx
Title: AVP & Corp. Secretary
Date: 10/24/00
PIMCO VARIABLE INSURANCE TRUST
By its authorized officer
By: /s/ Xxxxx Xxxxxx
-----------------------------------------
Name: Xxxxx Xxxxxx
Title: Chairman
Date: 10/4/00
PIMCO FUNDS DISTRIBUTORS LLC
By its authorized officer
By: /s/ Xxxx Xxxxxx
-----------------------------------------
Name: Xxxx Xxxxxx
Title: Executive Vice President
Date: 9/25/00
