AMENDED AND RESTATED
FUND PARTICIPATION AGREEMENT
Among
ALLIANCEBERNSTEIN VARIABLE PRODUCT SERIES, INC.,
ALLIANCEBERNSTEIN INVESTMENT RESEARCH AND MANAGEMENT,
ALLIANCE CAPITAL MANAGEMENT, L.P.,
And
HARTFORD LIFE INSURANCE COMPANY
TABLE OF CONTENTS
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ARTICLE I. Series Shares
ARTICLE II. Representations and Warranties
ARTICLE III. Prospectuses, Reports to Shareholders and Proxy
Statements; Voting
ARTICLE IV. Sales Material and Information
ARTICLE V. Diversification
ARTICLE VI. Potential Conflicts
ARTICLE VII. Indemnification
ARTICLE VIII. Applicable Law
ARTICLE IX. Termination
ARTICLE X. Notices
ARTICLE XI. Miscellaneous
ARTICLE XII. Mixed and Shared Funding
ARTICLE XIII. Distribution Payments
SCHEDULE A Separate Accounts and Contracts
SCHEDULE B Participating Series
SCHEDULE C Allocation of Expenses
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AMENDED AND RESTATED
FUND PARTICIPATION AGREEMENT
THIS AGREEMENT, effective as of this 1st day of March 2005 by and among HARTFORD
LIFE INSURANCE COMPANY ("Hartford"), a
Connecticut corporation, on its behalf
and on behalf of each separate account set forth on attached SCHEDULE A as it
may be amended from time to time (the "Separate Accounts"); Hartford Securities
Distribution Company, Inc. a
Connecticut corporation ("Contracts Distributor");
AllianceBernstein Variable Products Series Fund, Inc, a Maryland Corporation
(the "Trust"); the principal underwriter with respect to the Contracts referred
to below; AllianceBernstein Investment Research and Management, Inc., a Delaware
Corporation (the "Distributor"); and Alliance Capital Management, L.P., a
Delaware limited partnership (the "Adviser").
WHEREAS, the parties have conducted business together pursuant to a
Fund
Participation Agreement dated October 26, 2001; and
WHEREAS, the parties wish to amend and restate the October 26, 2001
Fund
Participation Agreement herein; and
WHEREAS, the Trust engages in business as an open-end management investment
company and is available to act as the investment vehicle for separate accounts
established by insurance companies for life insurance policies and annuity
contracts; and
WHEREAS, the Distributor is registered as a broker/dealer under the Securities
Exchange Act of 1934, as amended (the "1934 Act"), is a member in good standing
of the National Association of Securities Dealers (the "NASD") and serves as
principal underwriter of the shares of the Trust; and
WHEREAS, the Trust intends to make available Class B shares of its series set
forth on attached SCHEDULE B,as it may be amended from time to time by mutual
agreement of the parties (the "Series"), to the Separate Accounts of Hartford as
investment media for those variable annuity contracts of Hartford listed in
SCHEDULE A; and
WHEREAS, the Adviser is registered as an investment adviser under the Investment
Advisers Act of 1940, as amended, and any applicable state securities laws and
serves as the investment adviser to the Series; and
WHEREAS, Hartford is an insurance company which has registered or will register
the variable annuities and/or variable life insurance policies funded through
the Separate Account under the Securities Act of 1933 (the "1933 Act") and the
Investment Company Act of 1940 (the "1940 Act"), unless exempt from such
registration, to be issued by Hartford for distribution (the "Contracts").
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NOW, THEREFORE, in consideration of their mutual promises, Hartford, the Trust,
the Distributor and the Adviser agree as follows:
ARTICLE I. SERIES SHARES
1.1 The Trust and the Distributor agree to make shares of the Series available
for purchase by Hartford on behalf of the Separate Accounts on each Business
Day. The Trust will execute orders placed for each Separate Account on a daily
basis at the net asset value of each Series next computed after receipt by the
Trust, or its designee, of such order as of the close of business on each
Business Day.
A. For purposes of this Agreement, Hartford shall be the designee of the
Trust and Distributor for receipt of orders from each Separate
Account and receipt by Hartford constitutes receipt by the Trust,
provided that the Trust receives notice of such orders by 9:30 a.m.
(Eastern time) on the next following Business Day.
B. For purposes of this Agreement, "Business Day" shall mean any day on
which the New York Stock Exchange is open for trading and on which
the Trust calculates the net asset value of each Series pursuant to
the rules of the Securities and Exchange Commission ("SEC"), as set
forth in the Series' prospectus.
1.2 The Board of Trustees of the Trust (the "Board"), acting in good faith and
in the exercise of its fiduciary responsibilities, may refuse to permit the
Trust to sell shares of any Series to any person, or suspend or terminate the
offering of shares of any Series if such action is required by law or by
regulatory authorities having jurisdiction over the sale of shares.
1.3 The Trust and the Distributor agree that shares of the Trust or any of its
Series will be sold only to insurance companies for use in conjunction with
variable life insurance policies or variable annuities. No shares of the Trust
or any of its Series will be sold to the general public.
1.4 The Trust and the Distributor agree to redeem for cash, at Hartford's
request, any full or fractional shares of the Series held by the Separate
Accounts, on a daily basis at the net asset value next computed after receipt by
the Trust or its designee of the request for redemption.
A. For the purposes of this Agreement, Hartford shall be the designee of
the Trust for receipt of redemption requests from each Separate
Account and receipt by Hartford constitutes receipt by the Trust,
provided that the Distributor receives notice of the redemption
request by 9:30 a.m. (Eastern time) on the next following Business
Day.
1.5 Except as otherwise provided herein, Hartford agrees that purchases and
redemptions of Series shares offered by the then current prospectus of the
Series shall be made in accordance with the provisions of the prospectus.
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A. Hartford will place separate orders to purchase or redeem shares of each
Series. Each order shall describe the net amount of shares and dollar
amount of each Series to be purchase or redeemed.
B. In the event of net purchases, Hartford will pay for shares before 3:00
p.m. (Eastern time) on the next Business Day after receipt of an order
to purchase shares.
C. In the event of net redemptions, the Trust shall pay the redemption
proceeds in federal funds transmitted by wire before 3:00 p.m. (Eastern
time) on the next Business Day after an order to redeem Series shares is
made.
1.6 Issuance and transfer of the Series' shares will be by book entry only.
Share certificates will not be issued to Hartford or any Separate Account.
Shares purchased will be recorded in an appropriate title for each Separate
Account or the appropriate sub-account of each Separate Account. The Trust shall
furnish to Hartford the CUSIP number assigned to each Series identified in
SCHEDULE B attached as may be amended from time to time.
1.7 The Distributor shall notify Hartford in advance of any dividends or
capital gain distributions payable on the Series' shares, but by no later than
same day notice by 6:00 p.m. Eastern time on the declaration date (by wire or
telephone, followed by written confirmation). Hartford elects to reinvest all
such dividends and capital gain distributions in additional shares of that
Series. The Trust shall notify Hartford of the number of shares issued as
payment of dividends and distributions. Hartford reserves the right to revoke
this election and to receive all such dividends and capital gain distributions
in cash.
1.8 The Distributor shall provide, in a form acceptable to Hartford, the net
asset value per share of each Series to Hartford on a daily basis as soon as
reasonably practical after the net asset value per share is calculated. The
Trust shall use its best efforts to make such net asset value per share
available by 6:00 p.m. Eastern time. Information specified in this Section and
Section 1.7 will be substantially in the form as set forth in attached SCHEDULE
D.
A. If the Distributor provides materially incorrect share net asset value
information through no fault of Hartford, the Separate Accounts shall be
entitled to an adjustment with respect to the Series shares purchased or
redeemed to reflect the correct net asset value per share.
B. Any material error in the calculation or reporting of net asset value
per share, dividend or capital gain information shall be reported
promptly to Hartford upon discovery. The Trust shall indemnify and hold
harmless Hartford against any amount Hartford is legally required to pay
annuity or life insurance contract owners that have selected a Series as
an investment option ("Contract owners"), and which amount is due to the
Trust's or its agents' material miscalculation and/or incorrect
reporting of the
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daily net asset value, dividend rate or capital gains distribution
rate. The Trust shall reimburse Hartford for any and all costs and
expenses that result from the Distributor providing a materially
incorrect share net asset value Hartford shall submit an invoice to
the Trust or its agents for such losses incurred as a result of the
above which shall be payable within sixty (60) days of receipt. Should
a material miscalculation by the Trust or its agents result in a gain
to Hartford, subject to the immediately following sentence, Hartford
shall immediately reimburse the Trust, the applicable Series or its
agents for any material losses incurred by the Trust, the applicable
Series or its agents as a result of the incorrect calculation. Should
a material miscalculation by the Trust or its agents result in a gain
Contract owners, Hartford will consult with the Trust or its designee
as to what reasonable efforts shall be made to recover the money and
repay the Trust, the applicable Series or its agents. Hartford shall
then make such reasonable effort, at the expense of the Trust or its
agents, to recover the money and repay the Trust, the applicable
Series or its agents; provided, however, Hartford shall not be
obligated to initiate or otherwise pursue any legal action or rights
of set off against Contract owners for any such reimbursements.
With respect to the material errors or omissions described above, this
section shall control over other indemnification provisions in this
Agreement.
C. The Distributor or the Trust shall also provide any additional
information relating to each Series, including the non-fair market
net asset value, in the time and manner reasonably requested by
Hartford.
1.9 The parties agree that the Contracts are not intended to serve as vehicles
for frequent transfers among the Funds in response to short-term stock market
fluctuations. The Trust and Hartford agree to cooperate to deter transfer
activity in the Funds where such activity occurs through the Contracts and has
been identified as abusive or following a "market timing" pattern ("Abusive
Transfers").
A. The Trust acknowledges and agrees that the Contracts may not give
Hartford the ability to restrict transfers and that Hartford does not
have the ability or desire to track, in real time, individual
transfers in omnibus accounts or in all Contracts.
B. The Trust agrees to notify Hartford of transfer activity that the
Trust deems to be Abusive Transfer activity. After receiving such
notice from the Trust, Hartford agrees that it will cooperate with
the Trust and Distributor to limit Abusive Transfers to the extent
permissible under the terms and conditions of Contract owner
prospectuses, Contracts and other governing laws. Further, Hartford
will, upon request, provide to the Trust or the Distributor such
information, subject to Hartford's privacy policies protecting
certain individual customer information, as they may consider
necessary or desirable to review the possible existence and extent of
Abusive Transfer activity. The Trust and Hartford agree to amend this
provision as mutually deemed to be necessary to reflect any
applicable law changes.
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C. In the event the Trust implements restrictions on trading, market
timing policies, redemption fees, or any other trading policy or
procedure that is more restrictive and/or that conflicts, as
determined by Hartford in its reasonable discretion, with Hartford's
trading policies and procedures for the Variable Contracts, the Trust
will bear all expenses for closing the affected Series in the
Contracts.
ARTICLE II. REPRESENTATIONS AND WARRANTIES
2.1 Hartford represents and warrants that:
A. The Contracts are or will be registered under the 1933 Act unless
exempt and that the registrations will be maintained to the extent
required by law.
B. The Contracts will be issued in material compliance with all
applicable federal and state laws and regulations.
C. Hartford is duly organized and in good standing under applicable law.
D. Hartford has legally and validly established each Separate Account
prior to any issuance or sale as a segregated asset account under the
Connecticut Insurance Code and has registered or, prior to any
issuance or sale of the Contracts, will register and will maintain
the registration of each Separate Account as a unit investment trust
in accordance with the 1940 Act, unless exempt from such
registration.
E. Hartford represents that it believes, in good faith, that the
Contracts will be treated as annuity contract under applicable
provisions of the Code and that it will make every effort to maintain
such treatment. Hartford will notify the Trust and Distributor
immediately upon having a reasonable basis for believing that any of
the Contracts have ceased to be so treated or that they might not be
treated in the future.
2.2 The Trust and the Distributor represent and warrant that:
A. Series shares sold pursuant to this Agreement shall be registered
under the 1933 Act and the regulations thereunder to the extent
required.
B. Series shares shall be duly authorized for issuance in accordance
with the laws of each jurisdiction in which shares will be offered.
C. Series shares shall be sold in material compliance with all
applicable federal and state securities laws and regulations.
D. The Trust is and shall remain registered under the 1940 Act and the
regulations thereunder to the extent required.
E. The Trust shall amend its registration statement under the 1933 Act
and the 1940 Act, from time to time, as required in order to effect
the continuous offering of
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the Series' shares.
2.3 The Trust and the Adviser represent and warrant that:
A. Each Series is currently qualified as a "regulated investment
company" under Subchapter M of the Internal Revenue Code of 1986, as
amended, (the "Code") and complies with Section 817(h) of the Code
and regulations there under. The Trust and Adviser will make every
effort to maintain such qualification and that both will notify
Hartford immediately in writing upon having a reasonable basis for
believing that a Series has ceased to qualify or that a Series might
not qualify in the future.
B. The Trust is duly organized and validly existing under the laws of
the state of its organization.
C. The Trust does and will comply in all material respects with the 1940
Act.
D. The Trust has obtained an order from the SEC granting participating
insurance companies and variable insurance product separate accounts
exemptions from the provisions of the 1940 Act, as amended, and the
rules thereunder, to the extent necessary to permit shares of the
Trust or its Series to be sold to and held by variable insurance
product separate accounts of both affiliated and unaffiliated life
insurance companies.
2.4 The Distributor represents and warrants that:
A. It is and shall remain duly registered under all applicable federal,
state laws and regulations and that it will perform its obligations
for the Trust and Hartford in material compliance with all applicable
laws and regulations.
ARTICLE III. PROSPECTUSES, REPORTS TO SHAREHOLDERS AND PROXY
STATEMENTS; VOTING
3.1 The Trust shall provide Hartford with as many printed copies of the current
prospectus(es), statement of additional information, proxy statements, annual
reports and semi annual reports of each Series (and no other series), and any
supplements or amendments to any of the foregoing, as Hartford may reasonably
request. If requested by Hartford in lieu of the foregoing printed documents,
the Trust shall provide such documents in the form of camera-ready film,
computer diskettes or typeset electronic document files, all as Hartford may
reasonably request, and such other assistance as is reasonably necessary in
order for Hartford to have any of the prospectus(es), statement of additional
information, proxy statements, annual reports and semi annual reports of each
Series (and no other series), and any supplements or amendments to any of the
foregoing, printed in combination with such documents of other fund companies'
and/or such documents for the Contracts. Expenses associated with providing,
printing and distributing such documents shall be allocated in accordance with
SCHEDULE C attached to this Agreement.
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3.2 The Trust or its designee will provide Hartford 90 days notice of any
change for a Series, including but not limited to, (a) fund objective changes,
(b) anticipated fund mergers/substitutions, (c) no-action or exemptive requests
from the SEC, (d) fund name changes, (e) fund adviser or sub-adviser changes;
and/or (f) conditions or undertakings that affect Hartford's rights or
obligations hereunder. If the Trust fails to provide Hartford with the required
notice, the Trust will reimburse Hartford for all reasonable expenses for
facilitating the changes and for notifying Contract owners.
3.3 The Trust will provide Hartford with copies of its proxy solicitations
applicable to the Series. Hartford will, to the extent required by law, (a)
distribute proxy materials applicable to the Series to eligible Contract owners,
(b) solicit voting instructions from eligible Contract owners, (c) vote the
Series shares in accordance with instructions received from Contract owners; and
(d) if required by law, vote Series shares for which no instructions have been
received in the same proportion as shares of the Series for which instructions
have been received.
A. To the extent permitted by applicable law, Hartford reserves the
right to vote Series shares held in any Separate Account in its own
right.
B. Unregistered separate accounts subject to the Employee Retirement
Income Security Act of 1974 ("ERISA") will refrain from voting shares
for which no instructions are received if such shares are held
subject to the provisions of ERISA.
3.4 The Trust will comply with all provisions of the 1940 Act and the rules
thereunder requiring voting by shareholders.
ARTICLE IV. SALES MATERIAL AND INFORMATION
4.1 Hartford shall furnish, or shall cause to be furnished, to the Trust prior
to use, each piece of sales literature or advertising prepared by Hartford in
which the Trust, the Adviser or the Distributor is described. No sales
literature or advertising will be used if the Trust, the Adviser, or the
Distributor reasonably objects to its use within ten (10) Business Days
following receipt by the Trust.
4.2 Hartford will not, without the permission of the Trust, make any
representations or statements on behalf of the Trust or concerning the Trust in
connection with the advertising or sale of the Contracts, other than information
or representations contained in: (a) the registration statement or Series
prospectus(es), (b) Series' annual and semi annual reports to shareholders, (c)
proxy statements for the Series, or, (d) sales literature or other promotional
material approved by the Trust.
4.3 The Trust shall furnish, or shall cause to be furnished, to Hartford prior
to use, each piece of sales literature or advertising prepared by the Trust in
which Hartford, the Contracts or Separate Accounts, are described. No sales
literature or advertising will
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be used if Hartford reasonably objects to its use within ten (10) Business Days
following receipt by Hartford.
4.4 Neither the Trust nor the Distributor nor the Adviser will, without the
permission of Hartford, make any representations or statements on behalf of
Hartford, the Contracts, or the Separate Accounts or concerning Hartford, the
Contracts or the Separate Accounts, in connection with the advertising or sale
of the Contracts, other than the information or representations contained in:
(a) the registration statement or prospectus for the Contracts, (b) Separate
Account reports to shareholders, (c) in sales literature or other promotional
material approved by Hartford.
4.5. The Trust will provide to Hartford at least one complete copy of all
registration statements, prospectuses, statements of additional information,
reports to shareholders, proxy statements, solicitations for voting
instructions, sales literature and other promotional materials, applications for
exemptions and requests for no-action letters, and all amendments, that relate
to the Series or its shares.
4.6 Hartford will provide to the Trust, upon the Trust's request, at least one
complete copy of all registration statements, prospectuses, statements of
additional information, reports, solicitations for voting instructions, sales
literature and other promotional materials, applications for exemptions, and
requests for no action letters, and all amendments, that relate to the
Contracts.
ARTICLE V. DIVERSIFICATION
5.1 The Trust and the Adviser represent and warrant that, at all times, each
Series will comply with Section 817(h) of the Code and all regulations
thereunder, relating to the diversification requirements for variable annuity,
endowment, or life insurance contracts and any amendments or other modifications
to such Section or regulations. In the event a Series ceases to so qualify, the
Trust will notify Hartford immediately of such event and the Adviser will take
all steps necessary to adequately diversify the Series so as to achieve
compliance within the grace period afforded by Treasury Regulation Section
1.817-5.
ARTICLE VI. POTENTIAL CONFLICTS
6.1 The Board will monitor the Series for the existence of any material
irreconcilable conflict between the interests of the Contract owners of all
separate accounts investing in the Series. The Board shall promptly inform
Hartford if it determines that an irreconcilable material conflict exists and
the implications thereof.
6.2 Hartford will report any potential or existing material irreconcilable
conflict of which it is actually aware to the Board. This includes, but is not
limited to, an obligation by Hartford to inform the Board whenever Contract
owner voting instructions are disregarded.
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6.3 If it is determined by a majority of the Board, or a majority of its
independent Trustees, that a material irreconcilable conflict exists due to
issues relating to the Contracts, Hartford will, at its expense and to the
extent reasonably practicable, take whatever steps it can which are necessary to
remedy or eliminate the irreconcilable material conflict, including, without
limitation, withdrawal of the affected Separate Account's investment in the
Series. No charge or penalty will be imposed as a result of such withdrawal.
6.4 Hartford, at the request of the Adviser will, at least annually, submit to
the Board such reports, materials or data as the Board may reasonably request so
that the Board may fully carry out the obligations imposed upon them. All
reports received by the Board of potential or existing conflicts, and all Board
action with regard to determining the existence of a conflict, and determining
whether any proposed action adequately remedies a conflict, shall be properly
recorded in the minutes of the Board or other appropriate records, and such
minutes or other records shall be made available to the SEC upon request.
ARTICLE VII. INDEMNIFICATION
7.1 Indemnification by Hartford
A. Hartford agrees to indemnify and hold harmless the Distributor, the
Adviser, the Trust and each of their directors, Trustees or (if
applicable), officers, employees and agents and each person, if any,
who controls the Trust within the meaning of Section 15 of the 1933
Act (collectively, the "Indemnified Parties" and individually, an
"Indemnified Party" for purposes of this Section 7.1) against any and
all losses, claims, damages, liabilities (including amounts paid in
settlement with the written consent of Hartford, which consent shall
not be unreasonably withheld) or expenses (including the reasonable
costs of investigating or defending any alleged loss, claim, damage,
liability or expense and reasonable legal counsel fees incurred in
connection therewith) (collectively, "Losses"), to which the
Indemnified Parties may become subject under any statute or
regulation, or at common law or otherwise, insofar as such Losses are
related to the sale or acquisition of Series shares or the Contracts
and:
1. Arise out of or are based upon any untrue statement or alleged
untrue statement of any material fact contained in a disclosure
document for the Contracts or in the Contracts themselves or in
sales literature generated or approved by Hartford applicable to
the Contracts or Separate Accounts (or any amendment or
supplement to any of the foregoing) (collectively, "Company
Documents" for the purposes of this Article VII), or arise out
of or are based upon the omission or the alleged omission to
state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading,
provided that this indemnity shall not apply as to any
Indemnified Party if such statement or omission or such alleged
statement or omission was made in reliance upon and was
accurately derived from written information furnished to
Hartford by or on behalf of the Trust for use in
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Company Documents or otherwise for use in connection with the
sale of the Contracts or Series shares; or
2. Arise out of or result from statements or representations (other
than statements or representations contained in and accurately
derived from the registration statement, prospectus, statement
of additional information or sales literature of the Trust
applicable to the Series (or any amendment or supplement to any
of the foregoing) (collectively, "Trust Documents" for purposes
of this Article VII)) or wrongful conduct of Hartford or persons
under its control, with respect to the sale or acquisition of
the Contracts or Series shares; or
3. Arise out of or result from any untrue statement or alleged
untrue statement of a material fact contained in Trust Documents
or the omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading if such statement or omission
was made in reliance upon and accurately derived from written
information furnished to the Trust by or on behalf of Hartford;
or
4. Arise out of or result from any failure by Hartford to provide
the services or furnish the materials required under the terms
of this Agreement; or
5. Arise out of or result from any material breach of any
representation and/or warranty made by Hartford in this
Agreement or arise out of or result from any other material
breach of this Agreement by Hartford.
B. Hartford shall not be liable under this indemnification provision
with respect to any Losses which are due to an Indemnified Party's
willful misfeasance, bad faith, or gross negligence in the
performance of such Indemnified Party's duties or by reason of such
Indemnified Party's reckless disregard of obligations and duties
under this Agreement or to the Trust, the Distributor or the Adviser,
whichever is applicable.
C. Hartford shall not be liable under this indemnification provision
with respect to any claim made against an Indemnified Party unless
such Indemnified Party shall have notified Hartford in writing within
a reasonable time after the summons or other first legal process
giving information of the nature of the claim shall have been served
upon such Indemnified Party (or after such Indemnified Party shall
have received notice of such service on any designated agent), but
failure to notify Hartford of any such claim shall not relieve
Hartford from any liability which it may have to the Indemnified
Party against whom such action is brought otherwise than on account
of this indemnification provision. In case any such action is brought
against the Indemnified Parties, Hartford shall be entitled to
participate, at its own expense, in the defense of such action.
Hartford also shall be entitled to assume the defense thereof, with
counsel reasonably satisfactory to the party named in the action.
After notice from Hartford to such party of Hartford's election to
assume the defense thereof, the Indemnified Party shall bear the fees
and expenses of any additional counsel retained by it, and Hartford
will not be liable to such party under this Agreement for any legal
or
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other expenses subsequently incurred by such party independently in
connection with the defense thereof other than reasonable costs of
investigation.
D. The Indemnified Parties will promptly notify Hartford of the
commencement of any litigation or proceedings against them or any of
their officers or directors in connection with the issuance or sale
of the Series shares or the Contracts or the operation of the Trust.
7.2 Indemnification by the Distributor
A. The Distributor agrees to indemnify and hold harmless Hartford and
each of its directors, officers, employees and agents and each
person, if any, who controls Hartford within the meaning of Section
15 of the 1933 Act (collectively, the "Indemnified Parties" and
individually, an "Indemnified Party" for purposes of this Section
7.2) against any and all losses, claims, damages, liabilities
(including amounts paid in settlement with the written consent of the
Distributor, which consent shall not be unreasonably withheld) or
expenses (including the reasonable costs of investigating or
defending any alleged loss, claim, damage, liability or expense and
reasonable legal counsel fees incurred in connection therewith)
(collectively, "Losses"), to which the Indemnified Parties may become
subject under any statute or regulation, or at common law or
otherwise, insofar as such Losses are related to the sale or
acquisition of the Series shares or the Contracts and:
1. Arise out of or are based upon any untrue statement or alleged
untrue statement of any material fact contained in Trust
Documents or arise out of or are based upon the omission or
alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein not
misleading, provided that this indemnity shall not apply as to
any Indemnified Party if such statement or omission or such
alleged statement or omission was made in reliance upon and was
accurately derived from written information furnished to the
Trust, the Adviser, or the Distributor by or on behalf of
Hartford for use in Trust Documents or otherwise for use in
connection with the sale of the Contracts or Series shares; or
2. Arise out of or result from statements or representations (other
than statements or representations contained in and accurately
derived from Company Documents) or wrongful conduct of the
Distributor or persons under its control, with respect to the
sale or distribution of the Contracts or Series shares; or
3. Arise out of or result from any untrue statement or alleged
untrue statement of a material fact contained in Company
Documents, or the omission or alleged omission to state therein
a material fact required to be stated therein or necessary to
make the statements therein not misleading if such statement or
omission was made in reliance upon and accurately derived from
written information furnished to Hartford by or on behalf of the
Distributor or the Trust; or
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4. Arise out of or result from any failure by the Distributor to
provide the services or furnish the materials required under the
terms of this Agreement; or
5. Arise out of or result from any material breach of any
representation and/or warranty made by the Distributor in this
Agreement or arise out of or result from any other material
breach of this Agreement by the Distributor.
B. The Distributor shall not be liable under this indemnification
provision with respect to any Losses which are due to an Indemnified
Party's willful misfeasance, bad faith, or gross negligence in the
performance of such Indemnified Party's duties or by reason of such
Indemnified Party's reckless disregard of obligations and duties
under this Agreement or to Hartford or the Separate Account,
whichever is applicable.
C. The Distributor shall not be liable under this indemnification
provision with respect to any claim made against an Indemnified Party
unless such Indemnified Party shall have notified the Distributor in
writing within a reasonable time after the summons or other first
legal process giving information of the nature of the claim shall
have been served upon such Indemnified Party (or after such
Indemnified Party shall have received notice of such service on any
designated agent), but failure to notify the Distributor of any such
claim shall not relieve the Distributor from any liability which it
may have to the Indemnified Party against whom such action is brought
otherwise than on account of this indemnification provision. In case
any such action is brought against the Indemnified Parties, the
Distributor shall be entitled to participate, at its own expense, in
the defense thereof. The Distributor also shall be entitled to assume
the defense thereof, with counsel satisfactory to the party named in
the action. After notice from the Distributor to such party of its
election to assume the defense thereof, the Indemnified Party shall
bear the expenses of any additional counsel retained by it, and the
Distributor will not be liable to such party under this Agreement for
any legal or other expenses subsequently incurred by such party
independently in connection with the defense thereof other than
reasonable costs of investigation.
D. The Indemnified Parties shall promptly notify the Distributor of the
commencement of any litigation or proceedings against them or any of
their officers or directors in connection with the issuance or sale
of the Contracts or the operation of a Separate Account.
7.3 Indemnification by the Adviser
A. The Adviser agrees to indemnify and hold harmless Hartford and each
of its directors, officers, employees and agents and each person, if
any, who controls Hartford within the meaning of Section 15 of the
1933 Act (collectively, the "Indemnified Parties" and individually,
an "Indemnified Party" for purposes of this Section 7.3) against any
and all losses, claims, damages, liabilities (including amounts paid
in settlement with the written consent of the Adviser, which consent
shall not be unreasonably withheld) or expenses (including the
reasonable costs of investigating or defending any alleged loss,
claim, damage, liability or expense and reasonable legal
14
counsel fees incurred in connection therewith) (collectively,
"Losses"), to which the Indemnified Parties may become subject under
any statute or regulation, or at common law or otherwise, insofar as
such Losses are related to the sale or acquisition of the Series
shares or the Contracts and:
1. Arise out of or are based upon any untrue statement or alleged
untrue statement of any material fact contained in any Trust
Documents or arise out of or are based upon the omission or the
alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein not
misleading, provided that this indemnity shall not apply as to
any Indemnified Party if such statement or omission or such
alleged statement or omission was made in reliance upon and was
accurately derived from written information furnished to the
Trust, the Adviser, or the Distributor by or on behalf of
Hartford for use in Trust Documents or otherwise for use in
connection with the sale of the Contracts or Series shares; or
2. Arise out of or result from statements or representations (other
than statements or representations contained in and accurately
derived from Company Documents) or wrongful conduct of the
Adviser or persons under its control, with respect to the sale
or distribution of the Contracts or Series shares; or
3. Arise out of or result from any untrue statement or alleged
untrue statement of a material fact contained in Company
Documents, or the omission or alleged omission to state therein
a material fact required to be stated therein or necessary to
make the statements therein not misleading if such statement or
omission was made in reliance upon and accurately derived from
written information furnished to Hartford by or on behalf of the
Adviser or the Trust; or
4. Arise out of or result from any failure by the Adviser to
provide the services or furnish the materials required under the
terms of this Agreement; or
5. Arise out of or result from any material breach of any
representation and/or warranty made by the Adviser in this
Agreement or arise out of or result from any other material
breach of this Agreement by the Adviser.
B. The Adviser shall not be liable under this indemnification provision
with respect to any Losses which are due to an Indemnified Party's
willful misfeasance, bad faith, or gross negligence in the
performance of such Indemnified Party's duties or by reason of such
Indemnified Party's reckless disregard of obligations and duties
under this Agreement or to Hartford or the Separate Account,
whichever is applicable.
C. The Adviser shall not be liable under this indemnification provision
with respect to any claim made against an Indemnified Party unless
such Indemnified Party shall have notified the Adviser in writing
within a reasonable time after the summons or other first legal
process giving information of the nature of the claim shall have been
served upon such Indemnified Party (or after such Indemnified Party
shall have received notice of such service on any designated agent),
but failure to notify the
15
Adviser of any such claim shall not relieve the Adviser from any
liability which it may have to the Indemnified Party against whom
such action is brought otherwise than on account of this
indemnification provision. In case any such action is brought against
the Indemnified Parties, the Adviser shall be entitled to
participate, at its own expense, in the defense thereof. The Adviser
also shall be entitled to assume the defense thereof, with counsel
satisfactory to the party named in the action. After notice from the
Adviser to such party of its election to assume the defense thereof,
the Indemnified Party shall bear the expenses of any additional
counsel retained by it, and the Adviser will not be liable to such
party under this Agreement for any legal or other expenses
subsequently incurred by such party independently in connection with
the defense thereof other than reasonable costs of investigation.
D. The Indemnified Parties shall promptly notify the Adviser of the
commencement of any litigation or proceedings against them or any of
their officers or directors in connection with the issuance or sale
of the Contracts or the operation of a Separate Account.
ARTICLE VIII. APPLICABLE LAW
8.1 This Agreement shall be construed and the provisions hereof interpreted
under and in accordance with the laws of the State of
Connecticut without giving
effect to the principles of conflicts of laws.
8.2 This Agreement, its terms and definitions, shall be subject to the
provisions of the 1933 Act, the Securities Exchange Act of 1934, and the 1940
Act, and the rules and regulations and rulings thereunder, including such
exemptions from those statutes, rules and regulations as the SEC may grant.
ARTICLE IX. TERMINATION
9.1 This Agreement shall continue in full force and effect until the first to
occur of:
A. Termination by any party for any reason upon six-months advance
written notice delivered to the other parties; or
B. Termination by Hartford by written notice to the Trust, the Adviser
or the Distributor with respect to any Series in the event any of the
Series' shares are not registered, issued or sold in accordance with
applicable state and/or federal law, or such law precludes the use of
such shares as the underlying investment medium of the Contracts
issued or to be issued by Hartford; or
C. Termination by Hartford upon written notice to the Trust with respect
to any Series in the event that such Series ceases to qualify as a
"regulated investment company" under Subchapter M of the Code or
under any successor or similar provision; or
16
D. Termination by Hartford upon written notice to the Trust and the
Distributor with respect to any Series in the event that such Trust
fails to meet the diversification requirements specified in Section
5.1 of this Agreement; or
E. Termination upon mutual written agreement of the parties to this
Agreement; or
9.2 Effect of Termination.
A. Notwithstanding any termination of this Agreement, the Trust shall,
at the option of Hartford, continue to make available additional
shares of the Series pursuant to the terms and conditions of this
Agreement, for all Contracts in effect on the effective date of
termination of this Agreement (the "Existing Contracts") unless such
further sale of Series shares is proscribed by law, regulation or
applicable regulatory body. Specifically, without limitation, the
owners of the Existing Contracts will be permitted to direct
allocation and reallocation of investments in the Series, redeem
investments in the Series and invest in the Series through additional
purchase payments.
B. Hartford agrees not to redeem Series shares attributable to the
Contracts except (i) as necessary to implement Contract owner
initiated or approved transactions, or (ii) as required by state
and/or federal laws or regulations or judicial or other legal
precedent of general application or (iii) as permitted by an order of
the SEC. Upon request, Hartford will promptly furnish to the Trust
the opinion of counsel for Hartford to the effect that any redemption
pursuant to clause (ii) above is a legally required redemption.
C. In addition, to the foregoing, Article VII Indemnification shall
survive any termination of this Agreement.
9.3 Parties to Cooperate Respecting Termination
The other Parties hereto agree to cooperate with and give reasonable assistance
to Hartford in taking all necessary and appropriate steps for the purpose of
ensuring that the Separate Account owns no shares of a Portfolio after the Final
Termination Date with respect thereto.
ARTICLE X. NOTICES
10.1 Any notice shall be sufficiently given when sent by registered or
certified mail to the other party at the address of such party set forth below
or at such other address as such party may from time to time specify in writing
to the other party.
17
If to the Trust:
Alliance Variable Products Series, Inc.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxx X. Xxxxx, President and Chief Executive Officer
If to the Distributor:
AllianceBernstein Investment Research
and Management, Inc.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxxx Xxxxxxx, Senior Vice President
If to the Adviser:
Alliance Capital Management, L.P.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxx X. Xxxxx, Executive Vice President
If to Hartford: With a copy to:
Hartford Life Insurance Co. Hartford Life Insurance Co.
000 Xxxxxxxxx Xxxxxx 000 Xxxxxxxxx Xxxxxx
Xxxxxxxx, Xxxxxxxxxxx 00000 Xxxxxxxx, Xxxxxxxxxxx 00000
Attn: Xxxxxx X. Xxxxx, President Attn: Xxxx Xxxxxxx, Deputy General
Counsel
ARTICLE XL. MISCELLANEOUS
11.1 Each party will treat as confidential any and all "Nonpublic Personal
Financial Information" and all information reasonably expected to be treated as
confidential (collectively, "Confidential Information") and not release any
Confidential Information unless (a) the other party provides written consent to
do so; (b) a party is compelled to do so by court order, subpoena or comparable
request issued by any governmental
18
agency, regulator or other competent authority; or (c) permitted by applicable
law. Each party shall safeguard Confidential Information as required by
applicable law and provide reasonable confirmation upon request. As used above,
(i) "Nonpublic Personal Financial Information" shall refer to personally
identifiable financial information about any prospective or then existing
customer of Hartford including customer lists, names, addresses, account numbers
and any other data provided by customers to the Hartford in connection with the
purchase or maintenance of a product or service that is not Publicly Available;
and (ii) "Publicly Available" shall mean any information that the disclosing
party has a reasonable basis to believe is lawfully made available to the
general public from federal, state, or local government records, widely
distributed media, or disclosures made to the general public that are required
by federal, state, or local law.
11.2 The captions in this Agreement are included for convenience of reference
only and in no way define or delineate any of the provisions hereof or otherwise
affect their construction or effect.
11.3 This Agreement may be executed simultaneously in two or more counterparts,
each of which taken together shall constitute one and the same instrument.
11.4 If any provision of this Agreement shall be held or made invalid by a
court decision, statute, rule or otherwise, the remainder of this Agreement
shall not be affected thereby.
11.5 Each party shall cooperate with each other party and all appropriate
governmental authorities (including, without limitation, the SEC, the NASD and
state insurance regulators) and shall permit such authorities (and other
parties) reasonable access to its books and records in connection with any
investigation or inquiry relating to this Agreement or the transactions
contemplated hereby.
11.6 The rights, remedies and obligations contained in this Agreement are
cumulative and are in addition to any and all rights, remedies and obligations
at law or in equity, which the parties hereto are entitled to under state and
federal laws.
11.7 This Agreement or any of the rights and obligations hereunder may not be
assigned by any party without the prior written consent of all parties.
11.8 The waiver of, or failure to exercise, any right provided for in this
Agreement shall not be deemed a waiver of any further or future right under this
Agreement.
11.9 The Advisor agrees to consult in advance with Hartford concerning and
decision to elect or not to elect pursuant to Section 853 of the Code to pass
through the benefit of any foreign tax credits to the Fund's shareholders.
11.10 The Trust, Adviser, Hartford, Contracts Distributor, and Distributor each
agrees to cooperate with the others, as applicable, in arranging to print, mail
and/or deliver combined or coordinated prospectuses or other materials of the
Fund and Separate Account.
19
ARTICLE XII: MIXED AND SHARED FUNDING AGREEMENT
12.1 The Trust has obtained an order exempting it from certain provisions of
the 1940 Act and rules thereunder so that the Series are available for
investment by certain other entities, including, without limitation, separate
accounts funding variable life insurance policies and separate accounts of
insurance companies unaffiliated with Hartford ("Mixed and Shared Funding
Order"). The Parties recognize that the SEC has imposed terms and conditions for
such orders that are substantially identical to many of the provisions of this
Section 5.
12.2 The Trust agrees that its Board of Directors shall at all times consist of
directors a majority of whom are not interested persons of Adviser or
Distributor within the meaning of Section 2(a)(19) of the 1940 Act (the
"Disinterested Directors") with such exceptions as permitted by the Mixed and
Shared Funding Order.
12.3 The Trust agrees that its Board of Directors will monitor for the
existence of any material irreconcilable conflict between the interests of the
participants in all separate accounts of life insurance companies utilizing the
Series, including the Separate Account. Hartford agrees to inform the Board of
Directors of the Fund of the existence of or any potential for any such material
irreconcilable conflict of which it is aware. The concept of a "material
irreconcilable conflict" is not defined by the 1940 Act or the rules thereunder,
but the Parties recognize that such a conflict may arise for a variety of
reasons, including, without limitation:
(a) an action by any state insurance or other regulatory authority;
(b) a change in applicable federal or state insurance, tax or securities
laws or regulations, or a public ruling, private letter ruling,
no-action or interpretative letter, or any similar action by insurance,
tax or securities regulatory authorities;
(c) an administrative or judicial decision in any relevant proceeding;
(d) the manner in which the investments of any Portfolio are being managed;
(e) a difference in voting instructions given by variable annuity contract
and variable life insurance contract participants or by participants of
different life insurance companies utilizing the Series; or
(f) a decision by a life insurance company utilizing the Series to
disregard the voting instructions of participants.
Hartford will assist the Board of Directors in carrying out its responsibilities
by providing the Board of Directors with all information reasonably necessary
for the Board of Directors to consider any issue raised, including information
as to a decision by Hartford to disregard voting instructions of participants.
The obligations of the Hartford under this Section 5.3 will be carried out with
a view only to the interests of participants.
20
12.4 Conflict Remedies.
(a) It is agreed that if it is determined by a majority of the members of
the Board of Directors or a majority of the Disinterested Directors
that a material irreconcilable conflict exists, Hartford and the other
life insurance companies utilizing the Fund will, at their own expense
and to the extent reasonably practicable (as determined by a majority
of the Disinterested Directors), take whatever steps are necessary to
remedy or eliminate the material irreconcilable conflict, which steps
may include, but are not limited to:
(i) withdrawing the assets allocable to some or all of the separate
accounts from the Series or any Portfolio and reinvesting such
assets in a different investment medium, including another
Portfolio of the Series, or submitting the question whether such
segregation should be implemented to a vote of all affected
participants and, as appropriate, segregating the assets of any
particular group (e.g., annuity contract owners or participants,
life insurance contract owners or all contract owners and
participants of one or more life insurance companies utilizing the
Series) that votes in favor of such segregation, or offering to
the affected contract owners or participants the option of making
such a change; and
(ii) establishing a new registered investment company of the type
defined as a "Management Company" in Section 4(3) of the 1940 Act
or a new separate account that is operated as a Management
Company.
(b) If the material irreconcilable conflict arises because of Hartford's
decision to disregard participant voting instructions and that decision
represents a minority position or would preclude a majority vote,
Hartford may be required, at the Trust's election, to withdraw the
Separate Account's investment in the Series. No charge or penalty will
be imposed as a result of such withdrawal. Any such withdrawal must take
place within six months after the Fund gives notice to Hartford that
this provision is being implemented, and until such withdrawal
Distributor and the Trust shall continue to accept and implement orders
by Hartford for the purchase and redemption of shares of the Series.
(c) If a material irreconcilable conflict arises because a particular state
insurance regulator's decision applicable to Hartford conflicts with
the majority of other state regulators, then Hartford will withdraw the
Separate Account's investment in the Series within six months after the
Trust's Board of Directors informs Hartford that it has determined that
such decision has created a material irreconcilable conflict, and until
such withdrawal Distributor and Fund shall continue to accept and
implement orders by Hartford for the purchase and redemption of shares
of the Series.
(d) Hartford agrees that any remedial action taken by it in resolving any
material irreconcilable conflict will be carried out at its expense and
with a view only to the interests of participants.
21
(e) For purposes hereof, a majority of the Disinterested Directors will
determine whether or not any proposed action adequately remedies any
material irreconcilable conflict. In no event, however, will the Trust
or Distributor be required to establish a new funding medium for any
Contracts. Hartford will not be required by the terms hereof to
establish a new funding medium for any Contracts if an offer to do so
has been declined by vote of a majority of participants materially
adversely affected by the material irreconcilable conflict.
12.5 The Trust will promptly make known in writing to Hartford the Board of
Directors' determination of the existence of a material irreconcilable conflict,
a description of the facts that give rise to such conflict and the implications
of such conflict.
12.6 Hartford and the Trust will at least annually submit to the Board of
Directors of the Fund such reports, materials or data as the Board of Directors
may reasonably request so that the Board of Directors may fully carry out the
obligations imposed upon it by the provisions hereof, and said reports,
materials and data will be submitted at any reasonable time deemed appropriate
by the Board of Directors. All reports received by the Board of Directors of
potential or existing conflicts, and all Board of Directors actions with regard
to determining the existence of a conflict, notifying life insurance companies
utilizing the Fund of a conflict, and determining whether any proposed action
adequately remedies a conflict, will be properly recorded in the minutes of the
Board of Directors or other appropriate records, and such minutes or other
records will be made available to the SEC upon request.
12.7 If, at any time during which the Trust is serving as an investment medium
for variable life insurance policies, 1940 Act Rules 6e-3(T) or, if applicable,
6e-2 are amended or Rule 6e-3 is adopted to provide exemptive relief with
respect to mixed and shared funding, the Parties agree that they will comply
with the terms and conditions thereof and that the terms of this Section 5 shall
be deemed modified if and only to the extent required in order also to comply
with the terms and conditions of such exemptive relief that is afforded by any
of said rules that are applicable.
ARTICLE XIII: DISTRIBUTION PAYMENTS
13.1 During the term of this Agreement and subject to the conditions of this
Section 13, the Distributor will make payments to Hartford pursuant to a
distribution plan adopted by the Trust with respect to the Class B shares of the
Portfolios pursuant to Rule 12b-1 under the 1940 Act (the "Rule 12b-1 Plan") in
consideration of the Hartford's, or its affiliate, furnishing distribution
services relating to the Class B shares of the Portfolios and providing
administrative, accounting and other services, including personal service and/or
the maintenance of participant accounts, with respect to such shares. The
Distributor has no obligation to make any such payments under this Section 13,
and the Hartford waives any such payment, until the Distributor receives monies
therefor from the Trust. Any such payments made pursuant to this Section 13
shall be subject to the following terms and conditions:
22
(a) Any such payments shall be in such amounts as the Distributor may from
time to time advise Hartford in writing but in any event not in excess
of the amounts permitted by the Rule 12b-1 Plan. Such payments may
include a service fee in the amount of .25 of 1% per annum of the
average daily net assets of the Trust attributable to the Class B
shares of a Portfolio held by clients of the Contracts Distributor. Any
such service fee shall be paid solely for personal service and/or the
maintenance of participant accounts.
(b) The provisions of this Section 13 relate to a plan adopted by the Trust
pursuant to Rule 12b-1. In accordance with Rule 12b-1, any person
authorized to direct the disposition of monies paid or payable by the
Trust pursuant to this Section 13 shall provide the Trust's Board of
Directors, and the Directors shall review, at least quarterly, a written
report of the amounts so expended and the purposes for which such
expenditures were made.
(c) The provisions of this Section 13 shall remain in effect for not more
than a year and thereafter for successive annual periods only so long
as such continuance is specifically approved at least annually in
conformity with Rule 12b-1 and the 1940 Act. The provisions of this
Section 13 shall automatically terminate in the event of the assignment
(as defined by the 0000 Xxx) of this Agreement, in the event the Rule
12b-1 Plan terminates or is not continued or in the event this
Agreement terminates or ceases to remain in effect. In addition, the
provisions of this Section 13 may be terminated at any time, without
penalty, by either the Distributor or Hartford with respect to any
Portfolio on not more than 60 days' nor less than 30 days' written
notice delivered or mailed by registered mail, postage prepaid, to the
other party.
(d) Payments made under this Section 13 will offset amounts owed by
Distributor to Hartford under the "Marketing and Services Agreement" of
even date herewith.
IN WITNESS WHEREOF, each of the parties has caused this Agreement to be executed
in as name and on its behalf by its duly authorized representative as of the
date specified above.
HARTFORD LIFE INSURANCE COMPANY
On its behalf and each Separate Account named in
Schedule A, as may be amended from time to time
By: /s/ Xxxxxx M Arena, Jr
------------------------------
Name: Xxxxxx M Arena, Jr
Its Vice President
23
HARTFORD SECURITIES DISTRIBUTION COMPANY, INC.
On its behalf and each Separate Account named in
Schedule A, as may be amended from time to time
By: /s/ Xxxxxx X. Xxx
------------------------------
Name: Xxxxxx X. Xxx
Its Chief Compliance Officer
ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES, INC.
By: /s/ Marc 0. Xxxxx
------------------------------
Name: Marc 0. Xxxxx
Its President and Chief Executive
Officer
ALLIANCEBERNSTEIN INVESTMENT RESEARCH AND MANAGEMENT, INC.
By: /s/ Xxxxxxx Xxxxxxx
------------------------------
Name: Xxxxxxx Xxxxxxx
Its Senior Vice President
ALLIANCE CAPITAL MANAGEMENT, L.P.
By: /s/ Marc 0. Xxxxx
------------------------------
Name: Marc 0. Xxxxx
Its Executive Vice President
24
SCHEDULE A
SEPARATE ACCOUNTS AND CONTRACTS
SUBJECT TO THE PARTICIPATION AGREEMENT
SEPARATE ACCOUNTS CONTRACTS
--------------------------------------------------------------------------------
Hartford Life Insurance Company HLVA03
Separate Account Two HLVA99
Hartford Life and Annuity Insurance HLNCDSC03
Company Separate Account Three XXXXXXX00
Hartford Life and Annuity Insurance HLVA94
Company Separate Account Three
25
SCHEDULE B
PORTFOLIOS OF ALLIANCE PRODUCTS SERIES FUND, INC.
SUBJECT TO THE PARTICIPATION AGREEMENT
Effective October 26, 2001
Class B shares of Global Bond Portfolio of AllianceBernstein Variable Products
Series Fund, Inc.
Class B shares of Growth and Income Portfolio of AllianceBernstein Variable
Products Series Fund, Inc.
Effective May 1, 2005
Class B shares of Balanced Wealth Portfolio of AllianceBernstein Variable
Products Series Fund, Inc.
Class B shares of Small/Mid Cap Value Portfolio of AllianceBernstein Variable
Products Series Fund, Inc.
Class B shares of Value Portfolio of AllianceBernstein Variable Products Series
Fund, Inc.
Class B shares of International Value Portfolio of AllianceBernstein Variable
Products Series Fund, Inc.
Class B shares of Global Research Growth Portfolio of AllianceBernstein Variable
Products Series Fund, Inc.
26
SCHEDULE C
ALLOCATION OF EXPENSES
PAID BY HARTFORD PAID BY THE TRUST
--------------------------------------------------------------------------------
Preparing and filing the Separate Preparing and filing the Trust's
Account's registration statement registration statement
Text composition for Separate Account Text composition for Series
prospectus and supplements prospectuses and supplements
Text alterations of Separate Account Text alterations of Series prospectuses
prospectus and supplements and supplements
Printing Separate Account prospectuses Printing Series prospectus and
and supplements for use with supplements for use with existing
prospective Contract owners; Contract owners; or if requested by
Printing Series prospectuses and Hartford, providing camera-ready film,
supplements for use with prospective computer diskettes or typeset
Contract owners electronic document files of such
documents and printing such documents
for use with existing Contract owners
(1)
Text composition and printing of Text composition and printing of Trust
Separate Account statement of statement of additional information (1)
additional information
Mailing and distributing Separate Mailing and distributing Series
Account prospectuses, supplements and prospectuses, supplements and statement
statement of additional information to of additional information to existing
existing Contract owners as required by Contract owners (1)
applicable law; Printing, mailing and distributing
Mailing and distributing Separate Series and Separate Account supplements
Account prospectuses and supplements to and other communications related to
prospective Contract owners; fund substitutions, fund closings, fund
Mailing and distributing Series mergers and other similar fund
prospectuses and supplements to transactions
prospective Contract owners
Text composition of any annual and Text composition of annual and
semi-annual reports of the Separate semi-annual reports of the Series;
Account, printing, mailing, and printing, mailing, and distributing
distributing any annual and semi-annual annual and semi-annual reports of the
reports of the Separate Account Series to existing Contract owners (1)
Text composition, printing, mailing, Text composition, printing, mailing,
distributing, and tabulation of proxy distributing, and tabulation of proxy
statements and voting instruction statements and voting instruction
solicitation materials to Contract solicitation materials to Contract
owners with respect to proxies owners with respect to proxies
sponsored by the Separate Accounts sponsored by the Series or the Trust
------------
(1) Hartford may choose to print the Series' prospectus(es), statement of
additional information, and its semi annual and annual reports, or any of
such documents, in combination with such documents of other fund companies.
In this case, the Trust's share of the total expense for printing and
delivery of the combined materials shall be determined pro-rata based upon
the page count of the Series' documents as compared to the total page count
for the combined materials containing all other funds offered under the
Contracts.
27
SCHEDULE D
FORMAT FOR NAV AND DIVIDEND INFORMATION
Please provide the following information when sending the nightly NAV and
Dividend Distribution Date Fax/Email:
Mutual Fund Company Name
Pricing Company Name
Fund Name (no abbreviations)
Fund Number
Ticker and/or Cusip Number
NAV
NAV Change from Prior Day
Prior Day NAV
Ordinary Dividend Distribution
Ordinary Dividend Distribution Change from Prior Day
Small Cap Gain Distribution
Small Cap Gain Distribution Change from Prior Day
Large Cap Gain Distribution
Large Cap Gain Distribution Change from Prior Day
Pricing Contact Name and Phone Number
Distribution Data Contact Name and Phone Number
Emergency after hours Name & Phone Number
28
AMENDMENT NO. 1 TO
AMENDED AND RESTATED PARTICIPATION AGREEMENT
The AMENDMENT is made and entered into as of the fifteenth (15th) day of
October, 2005, by and among HARTFORD LIFE INSURANCE COMPANY, a
Connecticut stock
life insurance company ("Hartford") on its behalf and on behalf of each separate
account set forth on Schedule A (the "Separate Accounts"), HARTFORD SECURITIES
DISTRIBUTION COMPANY, INC. a
Connecticut corporation ("Contracts Distributor"),
ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUNDS, INC., a Maryland corporation,
(the "Trust"); ALLIANCEBERNSTEIN INVESTMENT RESEARCH AND MANAGEMENT, INC., a
Delaware Corporation (the "Distributor"); and ALLIANCE CAPITAL MANAGEMENT,
L.P.,a Delaware limited partnership (the "Adviser") (collectively, the "Original
Parties") and Hartford Life and Annuity Insurance Company (together with the
Original Parties the "Parties").
WHEREAS, the Original Parties have agreed to make available series of the Trust
to be investment media for certain variable annuity contracts of Hartford under
an Amended and Restated Participation Agreement dated March 1, 2005 (the
"Agreement");
WHEREAS, the Original Parties desire to amend the Agreement to make available
series of the Trust to be investment media for certain variable life insurance
contracts of Hartford;
WHEREAS, the Parties desire to amend the Agreement to add another party to the
Agreement, HARTFORD LIFE AND ANNUITY INSURANCE COMPANY, a
Connecticut stock life
insurance company on its behalf and on behalf of the Separate Accounts set forth
on Schedule A;
NOW THEREFORE, in consideration of their mutual promises, the Parties agree as
follows:
The Hartford Life and Annuity Insurance Company shall become a Party to this
Agreement and all the rights and obligations set forth in the Agreement
regarding Hartford Life Insurance Company and its Separate Accounts listed on
Schedule A shall apply to Hartford Life and Annuity Insurance Company and its
Separate Accounts listed on Schedule A.
The Parties agree that Schedule A shall be amended and replaced by the attached
Schedule A.
1
SCHEDULE A
SEPARATE ACCOUNTS AND CONTRACTS SUBJECT TO THE AMENDED AND
RESTATED PARTICIPATION AGREEMENT
HARTFORD LIFE INSURANCE COMPANY
SEPARATE ACCOUNTS
Hartford Life Insurance Separate Account Two
Hartford Life Insurance Company Separate Account XX X
Xxxxxxxx Life Insurance Company Separate Account Three
Hartford Life Insurance Company Separate Account XX XX
CONTRACTS
HLVA03 HL-1544(98)
HLVA99 XXX-0000
XXXXXXX00 HL-14623
XXXXXXX00 XX-00000
XXXX00 XXX-0000
HL-15486(00) HL-14875
HL-15894(03) HL-15898(03)
HL-15471(99) HL-15904(03)
HV2025 (403(b) product)
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SEPARATE ACCOUNTS
Hartford Life and Annuity Insurance Separate Account Two
Hartford Life and Annuity Insurance Company Separate Account XX X
Xxxxxxxx Life and Annuity Insurance Company Separate Account Three
Hartford Life and Annuity Insurance Company Separate Account XX XX
CONTRACTS
HLVA03/HLAVA03 LA-1154(99)
HLVA99/HLAVA99 LA-1151(98)
HLNCDSC03/HLANCDSC03 XXX-1020
XXXXXXX00/HLANCDSC98 XX-0000(00).XXX-0000
XXXX00/XXXXX00 LA-1246(03)
LA-1200(02) HL-14875
LA-1158(00) HL-15898(03)
LA-1238(03) HL-15904(03)
2
All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
EFFECTIVE: OCTOBER 15, 2005
IN WITNESS WHEREOF, the undersigned have hereunto set their respective hands and
seals as of the date first above written.
HARTFORD LIFE INSURANCE
COMPANY, ON ITS BEHALF AND EACH
SEPARATE ACCOUNT NAMED IN SCHEDULE
A, AS MAY BE AMENDED FROM TIME TO
TIME
By: /s/ Xxxxxxx Xxxxx
-----------------------------------
Name: Xxxxxxx Xxxxx
Title Exec. VP & Dir., ILD
HARTFORD LIFE AND ANNUITY
INSURANCE COMPANY, ON ITS BEHALF
AND EACH SEPARATE ACCOUNT NAMED IN
SCHEDULE A, AS MAY BE AMENDED FROM
TIME TO TIME
By: /s/ Xxxxxxx Xxxxx
-----------------------------------
Name: Xxxxxxx Xxxxx
Title Exec. VP & Dir, ILD
ALLIANCEBERNSTEIN VARIABLE
PRODUCT SERIES, INC.
By: /s/ Xxxx X. Xxxxx
-----------------------------------
Name: Xxxx X. Xxxxx
Title President and CEO
ALLIANCEBERNSTEIN INVESTMENT
RESEARCH AND MANAGEMENT, INC.
By: /s/ Xxxxxxx Xxxxxxx
-----------------------------------
Name: Xxxxxxx Xxxxxxx
Title Senior Vice President
ALLIANCE CAPITAL MANAGEMENT, L.P.,
BY ALLIANCE CAPITAL MANAGEMENT CORPORATION, GENERAL PARTNER
By: /s/ Xxxx X. Xxxxxx
-----------------------------------
Name: Xxxx X. Xxxxxx
Title Secretary
3
AMENDMENT NO. 2 TO
AMENDED AND RESTATED PARTICIPATION AGREEMENT
The AMENDMENT is made and entered into as of the first (1st) day of May, 2006,
by and among HARTFORD LIFE INSURANCE COMPANY AND HARTFORD LIFE AND ANNUITY
INSURANCE COMPANY, each, a
Connecticut stock life insurance company (together,
"The Hartford") on its behalf and on behalf of each separate account set forth
on Schedule A (the "Separate Accounts"), HARTFORD SECURITIES DISTRIBUTION
COMPANY, INC. a
Connecticut corporation ("Contracts Distributor"),
ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUNDS, INC., a Maryland Corporation,
(the "Trust"); ALLIANCEBERNSTEIN INVESTMENT RESEARCH AND MANAGEMENT, INC., a
Delaware Corporation (the "Distributor"); and ALLIANCE CAPITAL MANAGEMENT, L.P.,
a Delaware limited partnership (the "Adviser") (collectively, the "Original
Parties").
WHEREAS, the Original Parties have agreed to make available series of the Trust
to be investment media for certain variable annuity contracts of The Hartford
under an Amended and Restated Participation Agreement dated March 1, 2005 (the
"Agreement");
WHEREAS, the Original Parties have agreed to make available series of the Trust
to be investment media for certain variable life insurance contracts of The
Hartford under Amendment No. 1 of the Amended and Restated Participation
Agreement dated October 15, 2005.
WHEREAS, the Original Parties desire to amend the Agreement to make available
series of the Trust to be investment media for certain variable annuity and
variable life insurance contracts of The Hartford;
NOW THEREFORE, in consideration of their mutual promises, the Parties agree as
follows:
The Parties agree that Schedule A shall be amended and replaced by the attached
Schedule A.
All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
EFFECTIVE: MAY 1, 2006
IN WITNESS WHEREOF, the undersigned have hereunto set their respective hands and
seals as of the date first above written.
1
HARTFORD LIFE INSURANCE
COMPANY, ON ITS BEHALF AND EACH
SEPARATE ACCOUNT NAMED IN SCHEDULE
A, AS MAY BE AMENDED FROM TIME TO
TIME
By: /s/ Xxxxxxx Xxxxx
-----------------------------------
Name:
Title
HARTFORD LIFE AND ANNUITY
INSURANCE COMPANY, ON ITS BEHALF
AND EACH SEPARATE ACCOUNT NAMED IN
SCHEDULE A, AS MAY BE AMENDED FROM
TIME TO TIME
By: /s/ Xxxxxxx Xxxxx
-----------------------------------
Name:
Title
ALLIANCEBERNSTEIN VARIABLE
PRODUCT SERIES, INC
By: /s/ Xxxxxxx Xxxxxxx
-----------------------------------
Name:
Title
ALLIANCEBERNSTEIN INVESTMENT
RESEARCH AND MANAGEMENT, INC.
By: /s/ Xxxx X. Xxxxx
-----------------------------------
Name:
Title
ALLIANCE CAPITAL MANAGEMENT, L.P.
By: /s/ Xxxx X. Xxxxx
-----------------------------------
Name:
Title
2
SCHEDULE A
SEPARATE ACCOUNTS AND CONTRACTS SUBJECT TO THE AMENDED AND
RESTATED PARTICIPATION AGREEMENT
HARTFORD LIFE INSURANCE COMPANY
SEPARATE ACCOUNTS
Hartford Life Insurance Separate Account Two
Hartford Life Insurance Company Separate Account XX X
Xxxxxxxx Life Insurance Company Separate Account Three
Hartford Life Insurance Company Separate Account XX XX
CONTRACTS
HLVA03 HL-15441(98)
HLVA99 XXX-0000
XXXXXXX00 HL-14623
XXXXXXX00 HL-13865
HLVA94
HL-15486(00) HL-14875
HL-15894(03) HL-15898(03)
HL-15471(99) HL-15904(03)
HL-15420 (403(b)) HV-1452-0
HV-1499-0 (403(b))
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SEPARATE ACCOUNTS
Hartford Life and Annuity Insurance Separate Account Two
Hartford Life and Annuity Insurance Company Separate Account XX X
Xxxxxxxx Life and Annuity Insurance Company Separate Account Three
Hartford Life and Annuity Insurance Company Separate Account XX XX
CONTRACTS
HLVA03/HLAVA03 LA-1154(99)
HLVA99/HLAVA99 LA-1151(98)
HLNCDSC03/HLANCDSC03 XXX-1020
XXXXXXX00/HLANCDSC98 XX-0000(00).XXX-0000
XXXX00/XXXXX00 LA-1246(03)
LA-1200(02) HL-14875
LA-1158(00) HL-15898(03)
LA-1238(03) HL-15904(03)
3
AMENDMENT TO
FUND PARTICIPATION AGREEMENT
THIS AMENDMENT, effective as of this 19th day of April, 2007 by and among
Hartford Life Insurance Company for and on behalf of itself and those separate
accounts listed below ("Company"); AllianceBernstein Variable Products Series
Fund, Inc. ("Trust"); AllianceBernstein Investments, Inc. (formerly Alliance
Fund Distributors, Inc. and AllianceBernstein Investment and Research
Management, Inc. ("Distributor"); and AllianceBernstein L.P. (formerly Alliance
Capital Management, L.P.) ("Adviser").
RECITALS
WHEREAS, the above captioned entities are parties to that certain
Fund
Participation Agreement(s) dated March 1, 2005, as amended (collectively, the
"Agreement"); and
WHEREAS, the parties desire to amend the Agreement in order to reflect and
automatically update the information set forth in REVISED SCHEDULE A.
NOW, THEREFORE, in consideration of the covenants and agreements herein stated,
the parties mutually agree that the Agreement be, and hereby is amended, as
follows:
1. The Agreement, and any applicable schedules, hereby are amended to reflect
the information set forth in Revised Schedule A attached hereto and made a part
hereof. Revised Schedule A shall be deemed to be automatically amended based on
the list of underlying funds (or series) of the Trust and the mutually
acceptable class of shares thereof, if any, as reflected in Separate Account
registration statements for the Company, as filed with the Securities and
Exchange Commission from time to time.
2. Trust registration statement supplements shall be supplied by the
Distributor in final form to the Company prior to or contemporaneously with the
filing thereof with the Securities and Exchange Commission; time being of the
essence. The Distributor recognizes that the Company issues Contract
prospectuses on a May 1st calendar year and therefore any supplements issued off
cycle result in additional costs and expenses, including special handling fees.
Notwithstanding anything possibly to the contrary, neither the Company, nor its
affiliates, shall be responsible for any losses, claims, damages, liabilities
(including regulatory fines, penalties and other amounts paid in settlement
disputes) arising in connection with any delay or non-timeliness of supplements
delivered to Contract owners as a result of the failure or inability to comply
with the foregoing requirements. The Adviser and the Distributor will make their
best efforts to provide the Company with updated shareholder reports no later
than 45 days after the end of the reporting period. The Company reserves the
right, in its sole discretion, to combine the delivery of Trust supplements to
coordinate with other Company variable product supplements and to levy a
surcharge for its administrative costs and expenses incurred in connection with
circulating supplements that do not coincide with scheduled variable product
prospectus updates.
3. The Distributor shall promptly reimburse the Company, upon the Company's
request, for its costs associated with trust registration statement supplements.
The Distributor will calculate the payment contemplated and will make such
payment to the Company within 30 days thereafter. Each payment will be
accompanied by a statement showing the calculation of the amounts payable and
such other supporting data as may be reasonably requested by the
1
Company. The Distributor agrees to use best efforts to resolve any billing
discrepancy detected by the Company and remit any corrective payment upon
demand.
4. The parties hereby mutually agree to use their best efforts to seek an
amicable solution to any controversy or dispute regarding the subject matter
hereof. Any unresolved controversy, claim or dispute shall be submitted to
non-binding arbitration in accordance with the Commercial Rules of the American
Arbitration Association and judgment upon any such award may be entered in any
court having jurisdiction thereof. Arbitration shall be conducted by a single
arbitrator who shall have the authority to grant any and all appropriate relief,
including, but not limited to, granting injunctive relief or demanding specific
performance. The arbitrator may make an initial determination of the location of
the arbitration or whether proceedings may ensue based entirely upon documentary
evidence. Arbitration costs and expenses shall be borne equally by the parties.
Each party hereby agrees to waive and suspend enforcement of any and all rights
pursuant to this and all related agreements during the pendency of such
arbitration proceedings.
5. This Amendment may be modified or amended, and the terms of this Amendment
may be waived, only by a writing signed by the parties.
6. Except as hereinabove provided, all other terms and conditions set forth in
the Agreement shall be and remain in full force and effect. To the extent the
terms of this Amendment conflict with the terms of the Agreement, the terms of
this Amendment shall control.
7. This Amendment shall be binding upon, and inure to the benefit of, the
parties hereto and their respective successors and assigns.
8. This Amendment may be executed in one or more counterparts each of which,
when taken together, shall constitute a single instrument.
IN WITNESS WHEREOF, the undersigned have hereunto set their respective hands and
seals as of the date first above written.
HARTFORD LIFE INSURANCE COMPANY
On its behalf and each of their respective separate accounts
named in Schedule A, as amended.
By: /s/ Xxxxxx Xxxxx
--------------------------
Its Senior Vice President
ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND, INC.
By: /s/ Xxxx X. Xxxxx
--------------------------
Its
2
ALLIANCEBERNSTEIN INVESTMENTS, INC.
By: /s/ Xxxxxxx X. Xxxxxxx
--------------------------
Its
ALLIANCEBERNSTEIN L.P.
By: /s/ Xxxx X. Xxxxx
--------------------------
Its
3
SCHEDULE A
SEPARATE ACCOUNTS:
Hartford Life Insurance Company Separate Account Two
Hartford Life Insurance Company Separate Account Two, DC Variable Account II
Hartford Life Insurance Company Separate Account Three
Hartford Life Insurance Company Separate Account XX X
Xxxxxxxx Life Insurance Company Separate Account XX XX
PRODUCTS FUNDED BY SEPARATE ACCOUNTS:
The Director M
Director M Platinum
AmSouth Variable Annuity M
The Director M Select
The Huntington Director M
Fifth Third Director M
Xxxxx Fargo Director M
Classic Director M
Director M Ultra
Director M Access
The Director M Edge
The Director M Plus
AmSouth Variable Annuity M Plus
The Director M Select Plus
The Director M Outlook
Director M Platinum Outlook
AmSouth Variable Annuity M Outlook
The Director M Select Outlook
Huntington Director M Outlook
Xxxxx Fargo Director M Outlook
Classic Director M Outlook
The Director Choice Series III and IIIR
The Director Choice Access Series II and IIR
The Director Choice Series II and IIR
The Director Choice Access Series I and IR
Group Variable Annuity Contracts (Xxxxxxx and White)
The Director Choice
Stag Accumulator Variable Universal Life Series 1.5
Stag Accumulator Variable Universal Life Series I
Stag Protector Variable Universal Life Series 1.5
Stag Protector Variable Universal Life Series I
Stag Variable Life Last Survivor II Series II
Stag Variable Life Last Survivor II Series I
Stag Variable Life Last Survivor Series I
Stag Variable Life Series I
4
Stag Variable Life Artisan Series I
Stag Accumulator II Variable Universal Life
Stag Protector II Variable Universal Life
Hartford Quantum Life
Hartford Quantum II
Hartford Variable Universal Life Last Survivor
5
AMENDMENT NO. 4
PARTICIPATION AGREEMENT
The
Fund Participation Agreement (the "Agreement"), dated March 1, 2005, as
amended, by and among Hartford Life Insurance Company and Hartford Life and
Annuity Insurance Company (together, "The Hartford"), Hartford Securities
Distribution Company, Inc., AllianceBernstein Variable Product Series Funds,
Inc. (the "Trust"), AllianceBernstein Investments, Inc. (the "Distributor"), and
AllianceBernstein, L.P. (the "Adviser"), is hereby amended as follows:
1. SCHEDULE A TO THE AGREEMENT IS HEREBY DELETED IN ITS ENTIRETY AND
REPLACED WITH THE ATTACHED SCHEDULE A.
All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
Effective date: May 1, 2008
HARTFORD LIFE INSURANCE COMPANY ALLIANCEBERNSTEIN VARIABLE PRODUCT
SERIES FUNDS, INC.
By its authorized officer, By its authorized officer,
By: /s/ Xxxxxx Xxxxx By: /s/ Xxxx X. Xxxxx
----------------------------------- -----------------------------------
Name: Xxxxxx Xxxxx Name: Xxxx X. Xxxxx
Its: Executive Vice President Its: Executive Vice President
Date: June 12, 2008 Date:
1
HARTFORD LIFE AND ANNUITY INSURANCE ALLIANCEBERNSTEIN INVESTMENTS, INC.
COMPANY
By its authorized officer, By its authorized officer,
By: /s/ Xxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxxx
----------------------------------- -----------------------------------
Name: Name: Xxxxxxx X. Xxxxxxx
Its: Its: Managing Director
Date: Date:
ALLIANCEBERNSTEIN, L.P.
By its authorized officer,
By: /s/ Xxxx X. Xxxxx
-----------------------------------
Name: Xxxx X. Xxxxx
Its: Executive Vice President
Date:
2
SCHEDULE A
SEPARATE ACCOUNTS AND CONTRACTS SUBJECT PARTICIPATION
AGREEMENT
SEPARATE ACCOUNTS
Hartford Life Insurance Company Separate Account Two
Hartford Life Insurance Company Separate Account Two, DC Variable Account II
Hartford Life Insurance Company Separate Account Three
Hartford Life and Annuity Insurance Company Separate Account Three
Hartford Life Insurance Company Separate Account Seven
Hartford Life and Annuity Insurance Company Separate Account Seven
Hartford Life Insurance Company Separate Account XX X
Xxxxxxxx Life and Annuity Insurance Company Separate Account XX X
Xxxxxxxx Life Insurance Company Separate Account XX XX
Hartford Life Insurance Company Separate Account XX XX
PRODUCTS FUNDED BY SEPARATE ACCOUNTS:
Hartford Leaders Series IV
Hartford Leaders Edge Series IV
The Director
The Director M
Director M Platinum
AmSouth Variable Annuity M
The Director M Select
The Huntington Director M
Xxxxx Fargo Director M
Classic Director M
Director M Ultra
Director M Access
The Director M Edge
The Director M Plus
AmSouth Variable Annuity M Plus
The Director M Select Plus
The Director M Outlook
Director M Platinum Outlook
AmSouth Variable Annuity M Outlook
The Director M Select Outlook
Huntington Director M Outlook
Xxxxx Fargo Director M Outlook
Classic Director M Outlook
The Director Choice Series III and IIIR
The Director Choice Access Series II and IIR
The Director Choice Series II and IIR
The Director Choice Access Series I and IR
3
The Director Choice
Stag Accumulator Variable Universal Life Series 1.5
Stag Accumulator Variable Universal Life Series I
Stag Protector Variable Universal Life Series 1.5
Stag Protector Variable Universal Life Series I
Stag Variable Life Last Survivor II Series II
Stag Variable Life Last Survivor II Series I
Stag Variable Life Last Survivor Series I
Stag Variable Life Series I
Stag Variable Life Artisan Series I
Stag Accumulator II Variable Universal Life
Stag Protector II Variable Universal Life
Hartford Quantum Life
Hartford Quantum II
Hartford Variable Universal Life Last Survivor
Stag Wall Street Variable Universal Life Series II
Stag Wall Street Variable Universal Life Series I
Hartford Leaders Variable Universal Life Liberty
Hartford Leaders Variable Universal Life Legacy
4
AMENDMENT NO. 5
PARTICIPATION AGREEMENT
The
Fund Participation Agreement (the "Agreement"), dated March 1, 2005, as
amended, by and among Hartford Life Insurance Company and Hartford Life and
Annuity Insurance Company (together, "The Hartford"), Hartford Securities
Distribution Company, Inc., AllianceBernstein Variable Product Series Funds,
Inc. (the "Trust"), AllianceBernstein Investments, Inc. (the "Distributor"), and
AllianceBernstein, L.P. (the "Adviser"), is hereby amended as follows:
1. SCHEDULE A TO THE AGREEMENT IS HEREBY DELETED IN ITS ENTIRETY AND REPLACED
WITH THE ATTACHED SCHEDULE A.
All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
Effective date: October 19, 2009
HARTFORD LIFE INSURANCE COMPANY ALLIANCE XXXXXXXXX VARIABLE PRODUCT
SERIES FUNDS, INC.
By its authorized officer, By its authorized officer,
By: /s/ Xxxxxx Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
----------------------------------- -----------------------------------
Name: Xxxxxx Xxxxx Name: Xxxxxxx X. Xxxxxx
Its: Executive Vice President Its: Assistant Secretary
Date: 10/6/09 Date: 9/29/09
1
HARTFORD LIFE AND ANNUITY INSURANCE ALLIANCEBERNSTEIN INVESTMENTS, INC
COMPANY
By its authorized officer, By its authorized officer,
By: /s/ Xxxxxx Xxxxx By: /s/ Xxxxxx X. Xxxxxxx
----------------------------------- -----------------------------------
Name: Xxxxxx Xxxxx Name: Xxxxxx X. Xxxxxxx
Its: Executive Vice President Its: Assistant Secretary
Date: 10/6/09 Date: 9/29/09
ALLIANCEBERNSTEIN, L.P.
By its authorized officer,
By: /s/ Xxxx X. Xxxxxx
-----------------------------------
Name: Xxxx X. Xxxxxx
Its: Assistant Secretary
Date: 9/29/09
2
SCHEDULE A
SEPARATE ACCOUNTS AND CONTRACTS SUBJECT PARTICIPATION
AGREEMENT
SEPARATE ACCOUNTS
Hartford Life Insurance Company Separate Account Two
Hartford Life Insurance Company Separate Account Two, DC Variable Account II
Hartford Life Insurance Company Separate Account Three
Hartford Life and Annuity Insurance Company Separate Account Three
Hartford Life Insurance Company Separate Account Seven
Hartford Life and Annuity Insurance Company Separate Account Seven
Hartford Life Insurance Company Separate Account XX X
Xxxxxxxx Life and Annuity Insurance Company Separate Account XX X
Xxxxxxxx Life Insurance Company Separate Account XX XX
Hartford Life Insurance Company Separate Account XX XX
PRODUCTS FUNDED BY SEPARATE ACCOUNTS:
Hartford Leaders V
Hartford Leaders Series IV
Hartford Leaders Edge Series IV
The Director
The Director M
Director M Platinum
AmSouth Variable Annuity M
The Director M Select
The Huntington Director M
Xxxxx Fargo Director M
Classic Director M
Director M Ultra
Director M Access
The Director M Edge
The Director M Plus
AmSouth Variable Annuity M Plus
The Director M Select Plus
The Director M Outlook
Director M Platinum Outlook
AmSouth Variable Annuity M Outlook
The Director M Select Outlook
Huntington Director M Outlook
Xxxxx Fargo Director M Outlook
Classic Director M Outlook
The Director Choice Series III and IIIR
The Director Choice Access Series II and IIR
The Director Choice Series II and IIR
3
The Director Choice Access Series I and IR
The Director Choice
Stag Accumulator Variable Universal Life Series 1.5
Stag Accumulator Variable Universal Life Series I
Stag Protector Variable Universal Life Series 1.5
Stag Protector Variable Universal Life Series I
Stag Variable Life Last Survivor II Series II
Stag Variable Life Last Survivor II Series I
Stag Variable Life Last Survivor Series I
Stag Variable Life Series I
Stag Variable Life Artisan Series I
Stag Accumulator II Variable Universal Life
Stag Protector II Variable Universal Life
Hartford Quantum Life
Hartford Quantum II
Hartford Variable Universal Life Last Survivor
Stag Wall Street Variable Universal Life Series II
Stag Wall Street Variable Universal Life Series I
Hartford Leaders Variable Universal Life Liberty
Hartford Leaders Variable Universal Life Legacy
4
AMENDMENT NO. 6
PARTICIPATION AGREEMENT
The
Fund Participation Agreement (the "Agreement"), dated March 1, 2005, as
amended, by and among Hartford Life Insurance Company and Hartford Life and
Annuity Insurance Company (together, "Hartford"), Hartford Securities
Distribution Company, Inc., AllianceBernstein Variable Product Series Funds,
Inc. (the "Trust"), AllianceBernstein Investments, Inc. (the "Distributor"), and
AllianceBernstein, L.P. (the "Adviser"), is hereby amended as follows:
1. Schedule A to the Agreement is hereby deleted in its entirety and
replaced with the attached Schedule A.
All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
This Amendment may be executed simultaneously in two or more counterparts, each
of which taken together shall constitute one and the same instrument.
Effective date: May 2, 2011
HARTFORD LIFE INSURANCE COMPANY ALLIANCEBERNSTEIN VARIABLE PRODUCT
SERIES FUNDS, INC.
By its authorized officer, By its authorized officer,
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxxx X.Xxxxxx
----------------------------------- -----------------------------------
Name: Xxxxxx X. Xxxxxxx Name: Xxxxxxx X. Xxxxxx
Its: Vice President Product & Marketing Its: Assistant Secretary
Date: 4.29.11 Date: 4/19/2011
1
HARTFORD LIFE AND ANNUITY INSURANCE ALLIANCEBERNSTEIN INVESTMENTS, INC.
COMPANY
By its authorized officer, By its authorized officer,
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxx Xxxxx
----------------------------------- -----------------------------------
Name: Xxxxxx X. Xxxxxxx Name: Xxxxxx Xxxxx
Its: Vice President Product & Marketing Its: Assistant Secretary
Date: 4.29.11 Date: 4/19/2011
HARTFORD SECURITIES DISTRIBUTION ALLIANCEBERNSTEIN, L.P.
COMPANY, INC.
By its authorized officer, By its authorized officer,
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxx X. Xxxxx
----------------------------------- -----------------------------------
Name: Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxx
Its: Vice President Product & Marketing Its: Assistant Secretary
Date: 4.29.11 Date: 4/19/2011
2
SCHEDULE A
SEPARATE ACCOUNTS AND CONTRACTS SUBJECT PARTICIPATION
AGREEMENT
SEPARATE ACCOUNTS
Hartford Life Insurance Company Separate Account Two
Hartford Life Insurance Company Separate Account Two, DC Variable Account II
Hartford Life Insurance Company Separate Account Three
Hartford Life and Annuity Insurance Company Separate Account Three
Hartford Life Insurance Company Separate Account Seven
Hartford Life and Annuity Insurance Company Separate Account Seven
Hartford Life Insurance Company Separate Account XX X
Xxxxxxxx Life and Annuity Insurance Company Separate Account XX X
Xxxxxxxx Life Insurance Company Separate Account XX XX
Hartford Life Insurance Company Separate Account XX XX
PRODUCTS FUNDED BY SEPARATE ACCOUNTS:
Hartford's Personal Retirement Manager -- All Series
Hartford Leaders V
Hartford Leaders Series IV
Hartford Leaders Edge Series IV
The Director
The Director M
Director M Platinum
AmSouth Variable Annuity M
The Director M Select
The Huntington Director M
Xxxxx Fargo Director M
Classic Director M
Director M Ultra
Director M Access
The Director M Edge
The Director M Plus
AmSouth Variable Annuity M Plus
The Director M Select Plus
The Director M Outlook
Director M Platinum Outlook
AmSouth Variable Annuity M Outlook
The Director M Select Outlook
Huntington Director M Outlook
Xxxxx Fargo Director M Outlook
Classic Director M Outlook
The Director Choice Series III and IIIR
The Director Choice Access Series II and IIR
3
The Director Choice Series II and IIR
The Director Choice Access Series I and IR
The Director Choice
Stag Accumulator Variable Universal Life Series 1.5
Stag Accumulator Variable Universal Life Series I
Stag Protector Variable Universal Life Series 1.5
Stag Protector Variable Universal Life Series I
Stag Variable Life Last Survivor II Series II
Stag Variable Life Last Survivor II Series I
Stag Variable Life Last Survivor Series I
Stag Variable Life Series I
Stag Variable Life Artisan Series I
Stag Accumulator II Variable Universal Life
Stag Protector II Variable Universal Life
Hartford Quantum Life
Hartford Quantum II
Hartford Variable Universal Life Last Survivor
Stag Wall Street Variable Universal Life Series II
Stag Wall Street Variable Universal Life Series I
Hartford Leaders Variable Universal Life Liberty
Hartford Leaders Variable Universal Life Legacy
4
