EXHIBIT h.(i)
Form of Amended and Restated
Share Purchase Agreement
AMENDED AND RESTATED
HARTFORD SERIES FUND, INC.
SHARE PURCHASE AGREEMENT
HARTFORD LIFE INSURANCE COMPANY ("HL"), a Connecticut Corporation, as
Sponsor-Depositor, now and in the future, of certain unit investment trusts, and
issuer of certain variable annuity and variable life insurance contracts (the
"Contracts") issued with respect to such unit investment trusts hereby agrees as
of the 1st day of August, 2002 with HARTFORD SERIES FUND, INC. (the "Fund"), an
open-end, diversified, management investment company, on behalf of the Funds
listed on Attached A, to an arrangement whereby Fund shares shall be made
available to serve as the underlying investment media for the Contracts, subject
to the following provisions:
1. Fund shares shall be purchased at the net asset value applicable to
each order as established in accordance with the provisions of the then
currently-effective prospectus of the Fund. Fund shares shall be
ordered in such quantity and at such times as determined by HL (or its
successor) to be necessary to meet the requirements of the Contracts.
Confirmations of Fund share purchases will be sent directly to HL by
the Fund. All Fund share purchases shall be maintained in a book share
account in the name of HL. Payment for shares shall be made directly to
the Fund by HL and payment for redemption shall be made directly to HL
by the Fund, all within the applicable time periods allowed for
settlement of securities transactions. If payment is not received by
the Fund within such period, the Fund may, without notice, cancel the
order and hold HL responsible for any loss suffered by the Fund
resulting from such failure to receive timely payment.
Notice shall be furnished promptly to HL by the Fund of any dividend or
distribution payable on Fund shares.
2. (a) The Fund represents that its shares are registered under the
Securities Act of 1933, as amended, and that all appropriate federal
and state registration provisions have been complied with as to such
shares and that such shares may properly be made available for the
purposes of this Agreement. The Fund shall bear the cost of any such
registration, as well as the expense of any taxes assessed upon the
issuance or transfer of Fund shares pursuant to this Agreement.
(b) The Fund shall supply to HL, in a timely manner and in a sufficient
number to allow distribution by HL to each owner of or participant
under a Contract (i) annual and semiannual reports of the Fund's
condition, and (ii) any other shareholder notice, report or document
required by law to be delivered to shareholders. The Fund shall bear
the cost of preparing and supplying the foregoing materials and HL
shall bear the cost of any distribution thereof.
3. HL shall not make any representation concerning Fund shares except
those contained in the then current prospectus of the Fund and in
printed information subsequently issued by the Fund as information
supplemental to the prospectus.
4. This Agreement shall terminate as to new Contracts:
(a) At the option of HL or the Fund upon six months' advance notice to
the other;
(b) At the option of HL if Fund shares are not available for any reason
to meet the requirements of the Contracts but then only as to those new
Contracts, the terms of which require the periodic payments to be
invested in whole or in part in that particular Series;
(c) At the option of HL, upon institution of formal proceedings against
the Fund by the Securities and Exchange Commission or any other
regulatory body;
(d) Upon assignment of this Agreement, unless made with the written
consent of the other party to this Agreement;
(e) If Fund shares are not registered, issued or sold in conformance
with applicable federal or state law or if such laws preclude the use
of Fund shares as the underlying investment media of the Contracts.
Prompt notice shall be given to HL in the event the conditions of this
provision occur.
Notice of termination hereunder shall be given promptly by the party
desiring to terminate to the other party to this Agreement.
5. Termination as the result of any cause listed in the preceding
paragraph shall not affect the Fund's obligation to furnish Fund shares
in connection with Contracts then in force for which the shares of the
Fund serve or may serve as the underlying investment media, unless
further sale of Fund shares is proscribed by the Securities and
Exchange Commission or other regulatory body, or if Fund shares of the
requisite Series are no longer available.
6. This Agreement shall supersede any prior agreement between the parties
hereto relating to the same subject matter.
7. Each notice required by this Agreement shall be given in writing as
follows:
IF TO THE FUND:
Hartford Series Fund, Inc.
X.X. Xxx 0000
Xxxxxxxx, Xxxxxxxxxxx 00000-0000
Attn: Counsel to the Fund
IF TO HL:
Hartford Life Insurance Company
X.X. Xxx 0000
Xxxxxxxx, Xxxxxxxxxxx 00000-0000
Attn: General Counsel
8. This Agreement shall be construed in accordance with the laws of the
State of Connecticut.
Dated: As of August 1, 2002
HARTFORD SERIES FUND, INC.
By:____________________________
HARTFORD LIFE INSURANCE COMPANY
By:____________________________
ATTACHMENT A
The following series of the Hartford Series Fund, Inc. are made a part of this
agreement:
Hartford Advisers HLS Fund
Hartford Bond HLS Fund
Hartford Capital Appreciation HLS Fund
Hartford Dividend and Growth HLS Fund
Hartford Focus HLS Fund
Hartford Global Advisers HLS Fund
Hartford Global Communications HLS Fund
Hartford Global Financial Services HLS Fund
Hartford Global Health HLS Fund
Hartford Global Leaders HLS Fund
Hartford Global Technology HLS Fund
Hartford Growth and Income HLS Fund
Hartford Growth HLS Fund
Hartford High Yield HLS Fund
Hartford Index HLS Fund
Hartford International Capital Appreciation HLS Fund
Hartford International Opportunities HLS Fund
Hartford International Small Company HLS Fund
Hartford MidCap HLS Fund
Hartford MidCap Value HLS Fund
Hartford Money Market HLS Fund
Hartford Mortgage Securities HLS Fund
Hartford Small Company HLS Fund
Hartford Stock HLS Fund
Hartford Value HLS Fund
Dated: August 1, 2002
