Amendment to Participation Agreement Franklin Templeton Variable Insurance Products Trust Franklin/Templeton Distributors, Inc. COUNTRY Investors Life Assurance Company COUNTRY Capital Management Company
Exhibit h.(6)(b)
Amendment to Participation Agreement
Franklin Xxxxxxxxx Variable Insurance Products Trust
Franklin/Xxxxxxxxx Distributors, Inc.
COUNTRY Investors Life Assurance Company
COUNTRY Capital Management Company
Franklin Xxxxxxxxx Variable Insurance Products Trust
Franklin/Xxxxxxxxx Distributors, Inc.
COUNTRY Investors Life Assurance Company
COUNTRY Capital Management Company
Franklin Xxxxxxxxx Variable Insurance Products Trust (the “Trust”),
Franklin/Xxxxxxxxx Distributors, Inc. (the “Underwriter,” and together with the Trust, “we” or
“us”), COUNTRY Investors Life Assurance Company (the “Company” or “you”), and COUNTRY Capital
Management Company, your distributor, on your behalf and on behalf of certain Accounts, have
previously entered into a Participation Agreement dated October 31, 2003, as amended (the
“Agreement”). The parties now desire to amend the Agreement by this amendment (the “Amendment”).
Unless otherwise indicated, the terms defined in the Agreement shall have the same meaning in
this Amendment.
A M E N
D M E N T
For good and valuable consideration, the receipt of which is hereby acknowledged, the
parties agree to amend the Agreement as follows:
1. | Paragraphs of 6.1 through 6.7 of Section 6 are amended and restated in their entirety as set forth in Attachment A to this Amendment. The remaining paragraphs of Section 6 not amended herein shall be re-numbered. |
2. | All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. |
IN WITNESS WHEREOF, each of the parties has caused its duly authorized officers to execute
this Amendment effective as of August 16, 2010.
The Trust: | Franklin Xxxxxxxxx Variable Insurance | |||||
Only on behalf of
each Portfolio listed
on Schedule C of
the Agreement. |
Products Trust | |||||
By: | /s/ Xxxxx X. Xxxxxxxx
|
|||||
Name: Xxxxx X. Xxxxxxxx | ||||||
Title: Vice President |
The Underwriter: | Franklin/Xxxxxxxxx Distributors, Inc. | |||||
By: | /s/ Xxxxxx X. Xxxxxx | |||||
Name: Xxxxxx X. Xxxxxx | ||||||
Title: Executive Vice President | ||||||
The Company: | COUNTRY Investors Life Assurance Company | |||||
By: | /s/ Xxxx X. Xxxxxxxx | |||||
Name: Xxxx X. Xxxxxxxx | ||||||
Title: Senior Vice President Life/Health Operations | ||||||
The Distributor: | COUNTRY Capital Management Company | |||||
By: | Xxxxxx X. XxXxxx | |||||
Name: Xxxxxx X. XxXxxx | ||||||
Title: FINRA Executive Representative &
Chief Compliance Officer |
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Attachment A
6. Sales Material, Information and Trademarks
6.1 For purposes of this Section 6, “Sales Literature/ Promotional Material” includes, but is
not limited to, portions of the following that use any logo or other trademark related to the
Trust, or Underwriter or its affiliates, or refer to the Trust: 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, web-sites and
other electronic communications or other public media), sales literature (i.e., any written
communication distributed or made generally available to customers or the public, including
brochures, circulars, research reports, market letters, form letters, seminar texts, reprints or
excerpts or any other advertisement, sales literature or published article or electronic
communication), educational or training materials or other communications distributed or made
generally available to some or all agents or employees in any media, and disclosure documents,
shareholder reports and proxy materials.
6.2 You may use the name of the Trust and trademarks and the logo of the Underwriter in Sales
Literature/Promotional Material as reasonably necessary to carry out your performance and
obligations under this Agreement provided that you comply with the provisions of this Agreement.
You agree to abide by any reasonable use guidelines regarding use of such trademarks and logos that
we may give from time to time. You shall, as we may request from time to time, promptly furnish, or
cause to be furnished to us or our designee, at least one complete copy of each registration
statement, prospectus, statement of additional information, private placement memorandum,
retirement plan disclosure information or other disclosure documents or similar information, as
applicable (collectively “Disclosure Documents”), as well as any report, solicitation for voting
instructions, Sales Literature/Promotional Material created and approved by you, and all
amendments to any of the above that relate to the Contracts, the Accounts, the Trust, or
Underwriter or its affiliates.
6.3 You and your agents shall not give any information or make any representations or
statements on behalf of the Trust or concerning the Trust, the Underwriter or an Adviser, other
than information or representations contained in and accurately derived from the registration
statement or prospectus for the Trust shares (as such registration statement and prospectus may be
amended or supplemented from time to time), annual and semi-annual reports of the Trust,
Trust-sponsored proxy statements, or in Sales Literature/Promotional Material created by us for the
Trust and provided by the Trust or its designee to you, except as required by legal process or
regulatory authorities or with the written permission of the Trust or its designee.
6.4 You agree, represent and warrant that you are solely responsible for any Sales Literature/
Promotional Material prepared by you and that such material will: (a) conform to all requirements
of any applicable laws or regulations of any government or authorized agency having jurisdiction
over the offering or sale of shares of the Portfolios or Contracts; (b) be solely based upon and
not contrary to or inconsistent with the information or materials provided to you by us or a
Portfolio; and (c) be made available promptly to us upon our
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request. You agree to file any Sales Literature/Promotional Material prepared by you with FINRA, or
other applicable legal or regulatory authority, within the timeframes that may be required from
time to time by FINRA or such other legal or regulatory authority. Unless otherwise expressly
agreed to in writing, it is understood that we will neither review nor approve for use any
materials prepared by you and will not be materially involved in the preparation of, or have any
responsibility for, any such materials prepared by you. You are not authorized to modify or
translate any materials we have provided to you.
6.5 You shall promptly notify us of any written customer complaint or notice of any regulatory
investigation or proceeding received by you relating to any Disclosure Documents or Sales
Literature/Promotional Material.
6.6 We shall not give any information or make any representations or statements on behalf of
you or concerning you, the Accounts or the Contracts other than information or representations,
including naming you as a Trust shareholder, contained in and accurately derived from Disclosure
Documents for the Contracts (as such Disclosure Documents may be amended or supplemented from time
to time), or in materials approved by you for distribution, including Sales Literature/ Promotional
Material, except as required by legal process or regulatory authorities or with your written
permission.
6.7 Except as provided in Section 6.2, you shall not use any designation comprised in whole or
part of the names or marks “Franklin” or “Xxxxxxxxx” or any logo or other trademark relating to the
Trust or the Underwriter without prior written consent, and upon termination of this Agreement for
any reason, you shall cease all use of any such name or xxxx as soon as reasonably practicable.
6.8 You shall furnish to us ten (10) Business Days prior to its first submission to the SEC or
its staff, any request or filing for no-action assurance or exemptive relief naming, pertaining to,
or affecting, the Trust, the Underwriter or any of the Portfolios.
6.9 You agree that any posting of Designated Portfolio Documents on your website or use of
Designated Portfolio Documents in any other electronic format will result in the Designated
Portfolio Documents: (i) appearing identical to the hard copy printed version or .pdf format file
provided to you by us (except that you may reformat .pdf format prospectus files in order to delete
blank pages and to insert .pdf format prospectus supplement files provided by us to you); (ii)
being clearly associated with the particular Contracts in which they are available and posted in
close proximity to the applicable Contract prospectuses; (iii) having no less prominence than
prospectuses of any other underlying funds available under the Contracts; (iv) in compliance with
any statutory prospectus delivery requirements and (v) being used in an authorized manner.
Notwithstanding the above, you understand and agree that you are responsible for ensuring that
participation in the Portfolios, and any website posting, or other use, of the Designated Portfolio
Documents is in compliance with this Agreement and applicable state and federal securities and
insurance laws and regulations, including as they relate to paper or electronic delivery or use of
fund prospectuses. We reserve the right to inspect and review your website if any Designated
Portfolio Documents and/or other Trust documents are posted on your website and you shall, upon our
reasonable
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request, provide us timely access to your website materials to perform such inspection and review.
In addition, you agree to be solely responsible for maintaining and updating the Designated
Portfolio Documents’ .pdf files and removing and/or replacing promptly any outdated prospectuses
and other documents, as necessary, ensuring that any accompanying instructions by us, for using or
stopping use, are followed. You agree to designate and make available to us a person to act as a
single point of communication contact for these purposes. We are not responsible for any additional
costs or additional liabilities that may be incurred as a result of your election to place the
Designated Portfolio Documents on your website. We reserve the right to revoke this authorization,
at any tune and for any reason, although we may instead make our authorization subject to new
procedures.
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