Exhibit 26(h)(i)(g)
SHAREHOLDER INFORMATION AGREEMENT
(UNDER RULE 22C-2(A)(2) OF THE INVESTMENT COMPANY ACT OF 1940)
This Shareholder Information Agreement ("Agreement") is effective as of the
16 the day of October, 2007 by and between the Underwriter on behalf of the Fund
("Underwriter") and the INSURANCE COMPANIES.
As used in this Agreement, the following terms shall have the following
meanings, unless a different meaning is clearly required by the contexts:
The term "Intermediary" shall mean an insurance company separate account which
is not determined to be an indirect intermediary as such term is defined in SEC
Rule 22c-2.
The term "Fund" shall mean an open-ended management investment company that is
registered or required to register under section 8 of the Investment Company Act
of 1940 and includes (i) an investment adviser to or administrator for the Fund;
(ii) the principal underwriter or distributor for the Fund. The term does not
include any "excepted funds" as defined in SEC Rule 22c-2(b) under the
Investment Company Act of 1940.(1)
The term "Shares" means the interests of Shareholders corresponding to the
redeemable securities of record issued by the Fund under the Investment Company
Act of 1940 that are held by the Intermediary.
The term "Shareholder" means the holder of interests in a variable annuity or
variable life insurance contract issued by the Intermediary ("Contract"), or a
participant in an employee benefit plan with a beneficial interest in a
Contract.
The term "Shareholder-Initiated Transfer Purchase" means a transaction that is
initiated or directed by a Shareholder that results in a transfer of assets
within a Contract to a Fund, but does not include transactions that are
executed: (i) automatically pursuant to a contractual or systematic program or
enrollment such as transfer of assets within a Contract to a Fund as a result of
"dollar cost averaging" programs, insurance company approved asset allocation
programs, managed account programs or automatic rebalancing programs; (ii)
pursuant to a Contract death benefit; (iii) one-time step-up in Contract value
pursuant to a Contract death benefit; (iv) allocation of assets to a Fund
through a Contract as a result of payments such as loan repayments, scheduled
contributions, retirement plan salary reduction contributions, or planned
premium payments to the Contract; or (v) pre-arranged transfers at the
conclusion of a required free look period.
The term "Shareholder-Initiated Transfer Redemption" means a transaction that is
initiated or directed by a Shareholder that results in a transfer of assets
within a Contract out of a Fund, but does not include transactions that are
executed: (i) automatically pursuant to a contractual or systematic program or
enrollments such as transfers of assets
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(1) As defined in SEC Rule 22c-2(b), term "excepted fund" means any: (1) money
market fund; (2) fund that issues securities that are listed on a national
exchange; and (3) fund that affirmatively permits short-term trading of its
securities, if its prospectus clearly and prominently discloses that the
fund permits short-term trading of its securities and that such trading may
result in additional costs for the fund.
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within a Contract out of a Fund as a result of annuity payouts, loans,
systematic withdrawal programs, insurance company approved asset allocation
programs, managed account programs and automatic rebalancing programs; (ii) as a
result of any deduction of charges or fees under a Contract; (iii) within a
Contract out of a Fund as a result of scheduled withdrawals or surrenders from a
Contract; or (iv) as a result of payment of a death benefit from a Contract.
NOW, THEREFORE, the Fund and the Intermediaries hereby agree as follows:
SHAREHOLDER INFORMATION
1. AGREEMENT TO PROVIDE INFORMATION. Intermediary agrees to provide the Fund or
its designee, upon written request, the taxpayer identification number ("TIN"),
the Individual/International Taxpayer Identification Number ("ITIN")*, or other
government-issued identifier ("GII") and the Contract owner number or
participant account number associated with the Shareholder, if known, of any or
all Shareholder(s) of the account, and the amount, date and transaction type
(purchase, redemption, transfer, or exchange) of every purchase, redemption,
transfer, or exchange of Shares held through an account maintained by the
Intermediary during the period covered by the request. Unless otherwise
specifically requested by the Fund, the Intermediary shall only be required to
provide information relating to Shareholder-Initiated Transfer Purchases or
Shareholder-Initiated Transfer Redemptions. Upon further request by the Fund or
its designee, and as soon as reasonably practicable, the Company agrees to
provide the name or other identifier of any investment professionals with the
discretion to place orders to purchase, redeem, transfer or exchange Shares held
through an account maintained by the Intermediary on behalf of the Contract
Owner (if known) associated with any Contract Owner(s) account which has been
identified by the Fund as having violated policies established by the Fund for
the purpose of eliminating or reducing any dilution of the value of the
outstanding shares issued by the Fund.
1.1 PERIOD COVERED BY REQUEST. Requests must set forth a specific
period, not to exceed 90 calendar days from the date of the request, for
which transaction information is sought. The Fund may request transaction
information older than 90 calendar days from the date of the request as it
deems necessary to investigate compliance with policies established by the
Fund for the purpose of eliminating or reducing any dilution of the value
of the outstanding shares issued by the Fund. In no event will the request
for data cover periods longer than 18 calendar months from the date of the
request.
1.2 TIMING OF REQUESTS. Fund requests for Shareholder information
shall be made no more frequently than monthly except as the Fund deems
necessary to
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* According to the IRS' website, the ITIN refers to the Individual Taxpayer
Identification number, which is a nine-digit number that always begins with
the number 9 and has a 7 or 8 in the fourth digit, example 9XX-7X-XXXX. The
IRS issues ITINs to individuals who are required to have a U.S. taxpayer
identification number but who do not have, and are not eligible to obtain a
Social Security Number (SSN) from the Social Security Administration (SSA).
SEC Rule 22c-2 inadvertently refers to the ITIN as the International
Taxpayer Identification Number.
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investigate compliance with policies established by the Fund for the
purpose of eliminating or reducing any dilution of the value of the
outstanding shares issued by the Fund.
1.3 FORM AND TIMING OF RESPONSE. (a) Intermediary agrees to provide,
promptly, but in any event not later than 10 business days, upon receipt of
request of the Fund or its designee, the requested information specified in
1. If requested by the Fund or its designee, Intermediary agrees to use
best efforts to determine promptly whether any specific person about whom
it has received the identification and transaction information specified in
1 is itself a financial intermediary ("indirect intermediary") and, upon
further request of the Fund or its designee, promptly either (i) provide
(or arrange to have provided) the information set forth in 1 for those
shareholders who hold an account with an indirect intermediary or (ii)
restrict or prohibit the indirect intermediary from purchasing, in nominee
name on behalf of other persons, securities issued by the Fund.
Intermediary additionally agrees to inform the Fund whether it plans to
perform (i) or (ii).
(b) Responses required by this paragraph must be communicated in
writing and in a format mutually agreed upon by the Fund or its designee
and the Intermediary; and
(c) To the extent practicable, the format for any transaction
information provided to the Fund should be consistent with the NSCC
Standardized Data Reporting Format.
1.4 LIMITATIONS ON USE OF INFORMATION. The Underwriter agrees not to
use the information received pursuant to this Agreement for any purpose
other than as necessary to comply with the provisions of Rule 22c-2, or to
fulfill other regulatory or legal requirements subject to the privacy
provisions of Title V of the Xxxxx-Xxxxx-Xxxxxx Act (Public Law 106-102)
and comparable state laws.
2. AGREEMENT TO RESTRICT TRADING. Intermediary agrees to execute written
instructions from the Fund to restrict or prohibit further purchases or
exchanges of Shares by a Shareholder that have been identified by the Fund as
having engaged in transactions of the Fund's Shares (directly or indirectly
through the Intermediary's account) that violate policies established by the
Fund for the purpose of eliminating or reducing any dilution of the value of the
outstanding Shares issued by the Fund. Unless otherwise directed by the Fund,
any such restrictions or prohibitions shall only apply to Shareholder-Initiated
Transfer Purchases or Shareholder-Initiated Transfer Redemptions that are
effected directly or indirectly through Intermediary. Instructions must be
received by an Intermediary at a mutually agreed upon address.
2.1 FORM OF INSTRUCTIONS. Instructions must include the TIN, ITIN, or
GII and the specific individual Contract owner number or participant
account number associated with the Shareholder, if known, and the specific
restriction(s) to be executed, including how long the restriction(s) is
(are) to remain in place. If the TIN, ITIN, GII or the specific individual
Contract owner number or
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participant account number associated with the Shareholder is not known,
the instructions must include an equivalent identifying number of the
Shareholder(s) or account(s) or other agreed upon information to which the
instruction relates. Upon request of the Intermediary, Fund agrees to
provide to the Intermediary, along with any written instructions to
prohibit further purchases or exchanges of Shares by Shareholder,
information regarding those trades of the contract holder that violated the
Fund's policies relating to eliminating or reducing any dilution of the
value of the Fund's outstanding Shares.
2.2 TIMING OF RESPONSE. Intermediary agrees to execute instructions as
soon as reasonably practicable, but not later than five business days after
receipt of the instructions by the Intermediary.
2.3 CONFIRMATION BY INTERMEDIARY. Intermediary must provide written
confirmation to the Fund that instructions have been executed. Intermediary
agrees to provide confirmation as soon as reasonably practicable, but not
later than ten business days after the instructions have been executed.
3. CONSTRUCTION OF THE AGREEMENT; PARTICIPATION AGREEMENT. The parties have
entered into one or more Participation Agreement(s) between or among them, for
the purchase and redemption of shares of the Funds by the Accounts in connection
with the Contracts. This Agreement supplements the Participation Agreement(s),
as amended. To the extent the terms of this Agreement conflict with the terms of
the Participation Agreement(s), the terms of this Agreement shall control.
4. TERMINATION. This Agreement will terminate upon the termination of the
Participation Agreement(s).
IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed as
of the date first above written.
FIDELITY DISTRIBUTORS CORPORATION
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By:
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Title:
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TRANSAMERICA LIFE INSURANCE COMPANY
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By:
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Title:
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WESTERN RESERVE LIFE ASSURANCE CO.
OF OHIO
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By: Xxxxx Xxxx
Title: Senior Vice President
TRANSAMERICA FINANCIAL LIFE INSURANCE
COMPANY
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By: Xxxxx Xxxx
Title: Vice President
LIFE INVESTORS INSURANCE COMPANY OF
AMERICA
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By: Xxxxxx Xxxxx
Title: Assistant Vice President
TRANSAMERICA OCCIDENTAL LIFE
INSURANCE COMPANY
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By: Xxxxxx Xxxxx
Title: Vice President
PEOPLES BENEFIT LIFE INSURANCE COMPANY
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By: Xxxxxxxxx Xxxxxxx
Title: Asst. VP & Asst. Secretary
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ADDENDUM TO THE SHAREHOLDER INFORMATION AGREEMENT
(UNDER RULE 22C-2(A)(2) OF THE INVESTMENT COMPANY ACT OF 1940)
This Addendum ("Addendum") modifies the Shareholder Information Agreement
("Agreement") to which it is attached by and between the FUND ("Fund") and the
LIFE COMPANY.
As used in this Addendum, the terms use herein shall have same meaning as those
used in the Agreement, unless the term is defined differently herein or a
different meaning is clearly required by the contexts:
A. Scope of this Addendum
This Addendum modifies the terms of the Agreement with respect to
group annuities and funding agreements products issued by one or more
of the Life Companies in conjunction with certain pension or
retirement plans. The parties agree that these products and customers
presents unique recordkeeping requirements and therefore, it is
necessary for the parties to address the requirements for producing
the necessary data in this separate Addendum.
B. Modification to Section 1.1 of the Agreement.
Section 1.1 is modified by the addition of the following:
In no event will the request for data cover periods longer than
18 calendar months from the date of the request. Furthermore,
data requests may not cover periods prior to the later of the
effective date this Agreement or October 15, 2007.
C. Modification to Section 1.3 of the Agreement.
Section 1.3 is modified by the addition of the following:
For requests for periods prior to 90 days from the request, the
Intermediary will inform the Fund within 10 business days of the
timing of the response which will not exceed a reasonable period
of time taking into account the complexity of obtaining such
information from systems and archives.
D. No other provisions are modified by this Addendum.
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