AMENDMENT NO. 13 TO PARTICIPATION AGREEMENT
EXHIBIT (8)(v)
AMENDMENT NO. 13 TO PARTICIPATION AGREEMENT
THIS AMENDMENT NO. 13 TO PARTICIPATION AGREEMENT (the “Amendment”), dated as of September 4,
2014, by and among AMERICAN GENERAL LIFE INSURANCE COMPANY (the “Company”), on its own behalf and
on behalf of each of the separate accounts of the Company identified in the Agreement (as defined
below), AIG CAPITAL SERVICES, INC. (formerly known as SunAmerica Capital Services, Inc. (as
successor-in-interest to American General Equity Services Corporation)) (“ACS”), XXXXXX XXXXXXX
DISTRIBUTION, INC. (as successor-in-interest to Xxx Xxxxxx Funds, Inc.) (“MSDI”), THE UNIVERSAL
INSTITUTIONAL FUNDS, INC. (the “Fund”) and XXXXXX XXXXXXX INVESTMENT MANAGEMENT INC. (the
“Adviser”), hereby amends the Participation Agreement, dated as of January 24, 1997, by and among
the Company, SACS, MSDI, the Fund and the Adviser (the “Agreement”). Capitalized terms used but
not defined herein shall have the meanings ascribed to them in the Agreement.
WHEREAS, pursuant to the Agreement, Company purchases shares of the Portfolios set forth on
Schedule A of the Agreement on behalf of each Account set forth on Schedule B of the Agreement in
order to fund the Variable Insurance Products; and
WHEREAS, the parties desire to update the Accounts covered and the Portfolios available under
the Agreement; and
WHEREAS, the parties desire to update their addresses for notices.
NOW, THEREFORE, in consideration of their mutual promises, the Company, the Fund and the
Adviser agree as follows:
1. | Update to Schedule A. Schedule A of the Agreement is hereby deleted in its entirety and replaced with the Schedule A attached hereto. | |
2. | Update to Schedule B. Schedule B of the Agreement is hereby deleted in its entirety and replaced with the Schedule B attached hereto. | |
3. | Updates to Addresses. The addresses given in Article XI of the Agreement are hereby deleted, in their entirety, and replaced with the following: |
If to the Fund or the Adviser:
The Universal Institutional Funds, Inc.
000 Xxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxxxxx Xxxxxx, Client Service Department
000 Xxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxxxxx Xxxxxx, Client Service Department
With a copy to:
Xxxxxx Xxxxxxx Distribution, Inc.
000 Xxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxx Xxxxxxxx, Global Distribution/Legal
Xxxxxx Xxxxxxx Distribution, Inc.
000 Xxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxx Xxxxxxxx, Global Distribution/Legal
If to MSDI:
Xxxxxx Xxxxxxx Distribution, Inc.
000 Xxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxxx Xxxxxxxxxx, Managing Director
000 Xxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxxx Xxxxxxxxxx, Managing Director
With a copy to:
Xxxxxx Xxxxxxx Distribution, Inc.
000 Xxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxx Xxxxxxxx, Global Distribution/Legal
Xxxxxx Xxxxxxx Distribution, Inc.
000 Xxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Attn: Xxxx Xxxxxxxx, Global Distribution/Legal
If to Company:
American General Life Insurance Company
0000 Xxxxx Xxxxxxx, 0xx Xxxxx
Xxxxxxx, Xxxxx 00000
Attn.: General Counsel
0000 Xxxxx Xxxxxxx, 0xx Xxxxx
Xxxxxxx, Xxxxx 00000
Attn.: General Counsel
If to ACS:
AIG Capital Services, Inc.
Harborside Financial Center, 0000 Xxxxx 0
Xxxxxx Xxxx, Xxx Xxxxxx 00000-0000
Attn: General Counsel
Harborside Financial Center, 0000 Xxxxx 0
Xxxxxx Xxxx, Xxx Xxxxxx 00000-0000
Attn: General Counsel
4. | Update to Section 2.3. Section 2.3 of the Agreement is hereby deleted in its entirety and replaced with the following: |
2.3 The Fund and the Adviser represent that: (i) the Fund is currently
qualified and will continue to qualify as Regulated Investment Company
under Subchapter M of the Internal Revenue Code of 1986, as amended (the
“Code”) and that the Fund and Adviser will make every effort to maintain
such qualification (under Subchapter M or any successor or similar
provision) and that the Fund or Adviser shall promptly notify Company upon
having a reasonable basis for believing that any of the Portfolios has
ceased to so qualify, or that they may not qualify as such in the future;
(ii) each of the Portfolios currently does and will continue to invest,
dispose of, and hold assets in compliance with the requirements of Section
817(h) of the Code and Treasury Regulations Section 1.817-5 and any
amendments or other modifications of successor provisions to such Section or
Regulations, including, but not limited to, the diversification requirement
therein (the “Tax Diversification Requirements”) (without limiting the
foregoing, the Adviser will notify Company promptly after forming a
reasonable belief that a Portfolio has ceased to comply with the Tax
Diversification Requirements or might not so comply in the future, and the
Adviser shall cure any non-conformance within the period for cure afforded
under Treasury Regulation Section 1.817-5); and (iv) the Adviser shall not
take any action which would impact the treatment of the Contracts as
annuities under Section 72 of the Code.
5. | Addition of Article XIV. The following is hereby added to the Agreement as Article XIV. |
ARTICLE XIV. Confidentiality
14.1. Confidential Information. The parties acknowledge
that, in the performance of the Agreement, they may receive or have access
to information about customers and other proprietary information of the
other parties, including names, addresses, account balances, account
numbers, account activity, social security numbers, taxpayer identification
numbers, and financial and health information, as well as all forms and
types of financial, business, technical, or economic information, whether
tangible or intangible, and whether or how stored, compiled, or memorialized
physically, electronically, graphically, photographically, or in writing
(“Confidential Information”). Confidential Information excludes information
that (1) is independently developed by a party without violating the
disclosing party’s proprietary rights, (2) is or becomes publicly known
(other than through unauthorized disclosure), (3) is intentionally disclosed
by the owner of such information to a third party free of any obligation of
confidentiality, (4) is already known by a party, as evidenced by the
written records of that party, free of an obligation of confidentiality
other than pursuant to this Agreement, or (5) is rightfully received by a
party free of any obligation of confidentiality.
14.2. Use. The parties may use Confidential Information only
in connection with this Agreement and may not disclose Confidential
Information to any other party except as permitted by the Xxxxx-Xxxxx-Xxxxxx
Act, other applicable federal and state laws and regulations regarding
privacy, this Agreement or as otherwise agreed to in writing by the parties
hereto. The parties may disclose Confidential Information to their
respective employees and agents or to third party vendors (1) who are
involved in the issuance, administration or maintenance of a customer’s
account or (2) otherwise on a need-to-know basis, provided that, in each
case, they have first adequately apprised any such employee, agent, and or
third party vender to observe this confidentiality. In the case of
employees and/or agents, the party shall provide adequate training to ensure
this confidentiality. The parties will take reasonable steps to protect the
Confidential Information, applying at least the same security measures and
level of care as they employ to protect their own Confidential Information.
If a party is compelled by applicable law to disclose any Confidential
Information, the party so compelled must promptly notify, in writing, the
party whose Confidential Information is being disclosed before disclosing
such Confidential Information so that such other party is afforded the
opportunity to seek relief from such disclosure or to limit the scope of the
disclosure.
14.3. Security. Each party shall comply with all federal,
state, and local law or regulation related to privacy, including Regulation
S-P of the SEC and Title V of the Xxxxx-Xxxxx-Xxxxxx Act. Broker/Dealer
shall notify Distributor and Insurer promptly upon any breach of
Confidential Information. Each party shall maintain an effective
information security program to protect the Confidential Information, which
program includes administrative, technical, and physical safeguards:
(a) | to insure the security and confidentiality of Confidential Information; | ||
(b) | to protect against any anticipated threats or hazards to the security or integrity of such Confidential Information; and | ||
(c) | to protect against unauthorized access to or use of Confidential Information which could result in substantial harm or inconvenience to either party or other affiliates, or to customers of any of them. |
14.4. Injunctive Relief. The parties acknowledge that the
unauthorized disclosure of Confidential Information is likely to cause
irreparable injury to the disclosing party and that, in the event of a
violation or threatened violation of a party’s obligations hereunder, the
disclosing party shall have no adequate remedy at law and shall therefore be
entitled to enforce each such obligation by temporary or permanent
injunctive or mandatory relief obtained in any court of competent
jurisdiction without the necessity of proving damages, posting any bond or
other security, and without prejudice to any other rights and remedies which
may be available at law or in equity.
14.5. Information Received in Error. If Confidential
Information, which is not necessary for the purposes of this Agreement, is
received by one party from the other party in error, the other party shall
promptly return the original and destroy all copies of the same and/or
destroy or certify in writing to the requesting party that the Confidential
Information has been destroyed.
14.6. Use Upon Termination. At the termination of this
Agreement, or in the event a party makes a request for the return of their
Confidential Information, the other parties will promptly return the
original and all copies of same, or certify in writing to the requesting
party that the Confidential Information has been destroyed, provided
however, that each party shall retain Confidential Information in its
possession necessary to service its customers. This Confidentiality
provision shall survive the termination of this Agreement.
6. | Except as expressly supplemented, amended or consented to hereby, all the representations, warranties, covenants, terms and provisions of the Agreement shall remain in full force and effect. |
[signature page follows]
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed on their
behalf by duly authorized officers and such Amendment shall become effective as of the date first
above written.
AMERICAN GENERAL LIFE INSURANCE COMPANY |
AIG CAPITAL SERVICES, INC. | |||||||||
By:
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By: | |||||||||
Name:
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Name: | |||||||||
Title: | Executive Vice
President, Individual and Group Retirement |
Title: | ||||||||
ATTEST: | ATTEST: | |||||||||
By:
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By: | |||||||||
Name:
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Name: | |||||||||
Title:
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Title: | |||||||||
THE UNIVERSAL INSTITUTIONAL FUNDS, INC. | XXXXXX XXXXXXX INVESTMENT MANAGEMENT INC. | |||||||||
By:
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By: | |||||||||
Name:
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Name: | |||||||||
Title: | President & Principal Executive Officer | Title: | Managing Director | |||||||
XXXXXX XXXXXXX DISTRIBUTION, INC. | ||||||||||
By: |
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Name:
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Title:
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Managing Director |
SCHEDULE A
PORTFOLIOS OF THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
AVAILABLE FOR PURCHASE BY
AMERICAN GENERAL LIFE INSURANCE COMPANY
UNDER THIS AGREEMENT
AVAILABLE FOR PURCHASE BY
AMERICAN GENERAL LIFE INSURANCE COMPANY
UNDER THIS AGREEMENT
UIF Core Plus Fixed Income Portfolio – Class I Shares
UIF Emerging Markets Equity Portfolio – Class I Shares
UIF Global Infrastructure Portfolio – Class II Shares
UIF Global Tactical Asset Allocation Portfolio (formerly International Magnum) – Class I Shares
UIF Growth Portfolio (formerly Equity Growth) – Class I Shares
UIF U.S. Real Estate Portfolio – Class I Shares
SCHEDULE B
SEPARATE ACCOUNTS AND CONTRACTS
(as of September 4, 2014)
(as of September 4, 2014)
Name of Separate Account and | Form Numbers and Names of | |
Date Established by Board of Directors | Contracts Funded by Separate Account | |
America General Life Insurance Company Separate Account D Established: November 19, 1973 |
Contract Form Numbers: 95020 Rev 896 95021 Rev 896 Name of Contract: Generations Combinations Fixed and Variable Annuity Contract |
|
Contract Form Numbers: | ||
91010 | ||
91011 | ||
93020 | ||
93021 | ||
Name of Contract: | ||
Variety Plus Combination Fixed and Variable Annuity Contract |
||
Contract Form Numbers: | ||
74010 | ||
74011 | ||
76010 | ||
76011 | ||
80010 | ||
80011 | ||
81010 | ||
81011 | ||
83010 | ||
83011 | ||
Name of Contract: None | ||
Contract Form Numbers: 98020 | ||
Name of Contract: | ||
Platinum Investor Immediate Variable | ||
Annuity | ||
America General Life Insurance Company Separate Account VL-R Established: May 6, 1997 |
Contract Form Numbers: 97600 97610 Name of Contract: Platinum Investor I and Platinum Investor II – Flexible Premium Variable Life Insurance Policies |
Name of Separate Account and | Form Numbers and Names of | |
Date Established by Board of Directors | Contracts Funded by Separate Account | |
Contract Form Numbers: | ||
98615 | ||
Name of Contract: | ||
Legacy Plus – Flexible Premium Variable | ||
Life Insurance Policies | ||
Contract Form Numbers: | ||
99301 | ||
Name of Contract: | ||
Corporate America — Variable Life | ||
Insurance Policies | ||
Contract Form Numbers: | ||
99206 | ||
Name of Contract: | ||
Platinum Investor Survivor–Variable | ||
Life Insurance Policies | ||
Contract Form Numbers: | ||
00600 | ||
Name of Contract: | ||
Platinum Investor III–Flexible Premium | ||
Variable Life Insurance Policies | ||
Contract Form Numbers: | ||
01206 | ||
Name of Contract: | ||
Platinum Investor Survivor II–Flexible | ||
Premium Variable Life Insurance | ||
Policies | ||
Contract Form Numbers: | ||
02600 | ||
Name of Contract: | ||
Platinum Investor PLUS–Flexible Premium | ||
Variable Life Insurance Policies | ||
Contract Form Numbers: | ||
03601 | ||
Name of Contract: | ||
Platinum Investor FlexDirector–Flexible | ||
Premium Variable Life Insurance | ||
Policies | ||
Contract Form Numbers: | ||
04604 | ||
Name of Contract: | ||
Platinum Investor IV–Flexible Premium | ||
Variable Life Insurance Policies | ||
Contract Form Numbers: AG-803 (7/13) Name of Contract: Polaris Select Investor Variable Annuity |