Amendment No. 6 to Participation Agreement
Exhibit 8(bb)(3)
Update to Schedule A Revision 5-1-2014 (Xxxxxxxx Xxxxxxxxx)
Amendment No. 6 to
Franklin Xxxxxxxxx Variable Insurance Products Trust
Franklin/Xxxxxxxxx Distributors, Inc.
Transamerica Advisors Life Insurance Company
Transamerica Capital, Inc.
Xxxxxxxx Xxxxxxxxx Variable Insurance Products Trust (The “Trust”), Franklin/Xxxxxxxxx Distributors, Inc. (the “Underwriter,” and together with the Trust, “we” or “us”), Transamerica Advisors Life Insurance Company (the “Company” or “you”), and Transamerica Capital, Inc., your distributor, on your behalf and on behalf of certain Accounts, have previously entered into a Participation Agreement dated March 1, 2005, and subsequently amended June 5, 2007, September 1, 2009, October 1, 2010, March 1, 2012, January 15, 2013, and further modified by an Addendum dated May 1, 2011 (the “Agreement”). The parties now desire to amend the Agreement by this amendment (the “Amendment”). Unless otherwise indicated, the terms defined in the Agreement shall have the same meaning in this Amendment.
AMENDMENT
For good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree to amend the Agreement as follows:
1. | Schedules A, C and G of the Agreement are hereby deleted in their entirety and replaced with the Schedules A, C and G attached hereto, respectively. |
2. | All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. |
IN WITNESS WHEREOF, each of the parties has caused its duly authorized officers to execute this Amendment effective as of May 1, 2014.
The Trust: Only on behalf of each Portfolio listed on Schedule C of the Agreement. |
FRANKLIN XXXXXXXXX VARIABLE INSURANCE PRODUCTS TRUST | |||||
By: /s/ Xxxxx X. Xxxxxxxx | ||||||
Name: | Xxxxx X. Xxxxxxxx | |||||
Title: | Vice President |
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The Underwriter: | FRANKLIN/XXXXXXXXX DISTRIBUTORS, INC. | |||||
By: /s/ Xxxxxxxxxxx Xxxxxxxx | ||||||
Name: | Xxxxxxxxxxx Xxxxxxxx | |||||
Title: | Vice President | |||||
The Company: | TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY | |||||
By: /s/ Xxxx Xxxxxxx | ||||||
Name: | Xxxx Xxxxxxx | |||||
Title: | Vice President | |||||
The Distributor: | TRANSAMERICA CAPITAL, INC. | |||||
By: /s/ Xxxxxx X. Xxxxx | ||||||
Name: | Xxxxxx X. Xxxxx | |||||
Title: | Assistant Vice President |
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Schedule A
The Company and its Distributor
THE COMPANY
Transamerica Advisors Life Insurance Company
0000 Xxxxxxxx Xx XX
Cedar Rapids, IA 52499
A life insurance company organized under the laws of the State of Arkansas.
THE DISTRIBUTOR
Transamerica Capital, Inc.
0000 Xxxxx Xxxxxxxx Xx.
Suite 1100
Denver, CO 80237
A corporation organized under the laws of the State of California.
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Schedule C
Available Portfolios and Classes of Shares of the Trust
Xxxxxxxxx Foreign VIP Fund – Class 2
Xxxxxxxxx Growth VIP Fund – Class 2
In addition to portfolios and classes of shares listed above, any additional Portfolios and classes of shares other than Class 3 shares are included in this Schedule C listing provided that:
(1) | the General Counsel of Xxxxxxxx Xxxxxxxxx Investments receives from a person authorized by you a written notice in the form attached (which may be electronic mail or sent by electronic mail) (“Notice”) identifying this Agreement as provided in the Notice and specifying: (i) the names and classes of shares of additional Portfolios that you propose to offer as investment options of the Separate Accounts under the Contracts; and (ii) the date that you propose to begin offering Separate Account interests investing in the additional Portfolios under the Contracts; and |
(2) | we do not within ten (10) Business Days following receipt of the Notice send you a writing (which may be electronic mail) objecting to your offering such Separate Accounts investing in the additional Portfolios and classes of shares under the Contracts. |
Provided that we do not object as provided above, your Notice shall amend, supplement and become a part of this Schedule C and the Agreement.
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Schedule G
Addresses for Notices
To the Company: | Transamerica Advisors Life Insurance Company | |
0000 Xxxxxxxx Xx XX | ||
Cedar Rapids, IA 52499 | ||
Attention: IS&R General Counsel | ||
To the Distributor: | Transamerica Capital, Inc. | |
0000 X. Xxxxxxxx Xxxxxx | ||
Suite 1100 | ||
Denver, CO 80237 | ||
Attention: General Counsel | ||
To the Trust: | Xxxxxxxx Xxxxxxxxx Variable Insurance Products Trust | |
Xxx Xxxxxxxx Xxxxxxx, Xxxx. 920 2nd Floor | ||
San Mateo, California 94403 | ||
Attention: Xxxxx X. Xxxxxxxx, Vice President | ||
To the Underwriter: | Franklin/Xxxxxxxxx Distributors, Inc. | |
000 Xxxxxxxx Xxxxxxx, Xxxx. 140 7th Floor | ||
St. Petersburg, FL 33716 | ||
Attention: Xxxxx Xxxxx, President | ||
If to the Trust or Underwriter with a copy to: |
Xxxxxxxx Xxxxxxxxx Investments Xxx Xxxxxxxx Xxxxxxx, Xxxx. 000 0xx Xxxxx Xxx Xxxxx, Xxxxxxxxxx 00000 Attention: General Counsel |
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