EXHIBIT 6(d)
ADMINISTRATIVE SERVICES AGREEMENT
This agreement, as amended and restated this ____ day of ________________,
1997, by and between FBL SERIES FUND, INC., a Maryland corporation (the "Fund"),
and FBL INVESTMENT ADVISORY SERVICES, INC., a Delaware corporation ("FBL");
WITNESSETH:
In consideration of the mutual covenants hereinafter contained, it is
hereby agreed by and between the parties hereto as follows:
1. The Fund hereby appoints FBL to provide information and administrative
services for the benefit of the Fund and the holders of its Traditional Shares
only. In this regard, FBL shall appoint various broker-dealer firms and other
financial services firms ("Firms") to provide related services and facilities
for their clients who are the holders of Traditional Shares of the Fund
("Clients"). The Firms shall provide such office space and equipment, telephone
facilities and personnel as is necessary or beneficial for providing information
and services to the holders of Traditional Shares of the Fund. Such services
and assistance may include, but are not limited to, establishing and maintaining
shareholder accounts and records, processing purchase and redemption
transactions, answering routine Client inquiries regarding the Fund and its
special features, assistance to Clients in changing dividend and investment
options, account designations and addresses, and such other services as the Fund
or FBL may reasonably request. FBL may also provide some of the above services
for the Fund directly.
FBL accepts such appointment and agrees during such period to render such
services and to assume the obligations herein set forth for the compensation
herein provided. FBL shall for all purposes herein provided be deemed to be an
independent contractor and, unless otherwise expressly provided or authorized,
shall have no authority to act for or represent the Fund in any way or otherwise
be deemed an agent of the Fund. FBL, by separate agreement with the Fund, may
also serve the Fund in other capacities. In carrying out its duties and
responsibilities hereunder, FBL will appoint various Firms to provide
administrative and other services described herein directly to or for the
benefit of holders of Traditional Shares of the Fund who may be clients of such
Firms. Such Firms shall at all times be deemed to be independent contractors
retained by FBL and not by the Fund. FBL and not the Fund will be responsible
for the payment of compensation to such Firms for such services.
2. For the services and facilities described in Section 1, the Fund will
pay to FBL at the end of each calendar month an administrative service fee
computed at an annual rate of 0.25 of 1% of the average daily net assets of the
Traditional Shares. For the month and year in which this Agreement becomes
effective or terminates, there shall be an appropriate proration on the basis of
the number of days that the Agreement is in effect during such month and year,
respectively. The services of FBL to the Fund under this Agreement are not to
be deemed exclusive, and FBL shall be free to render similar services or other
services to others.
The net asset value for each Traditional Share of the Fund shall be
calculated in accordance with the provisions of the Fund's current prospectus.
On each day when net asset value is not calculated, the net asset value of a
Traditional Share of the Fund shall be deemed to be the net asset value of such
a share as of the close of business on the last day on which such calculation
was made for the purpose of the foregoing computations.
3. The Fund shall assume and pay all charges and expenses of its
operations not specifically assumed or otherwise to be provided by FBL under
this Agreement.
4. This Agreement may be terminated at any time without the payment of
any penalty by the Fund or by FBL on sixty (60) days written notice to the
other party. Termination of this Agreement shall not affect the right of FBL to
receive payments on any unpaid balance of the compensation described in
Section 2 hereof earned prior to such termination. All material amendments to
this Agreement must be approved by vote of the Board of Directors of the Fund.
5. If any provision of this Agreement shall be held or made invalid by a
court decision, statute, rule or otherwise, the remainder shall not be thereby
affected.
6. Any notice under this Agreement shall be in writing addressed and
delivered or mailed, postage prepaid, to the other party at such address as such
other party may designate for the receipt of such notice.
7. This Agreement shall be construed in accordance with applicable
federal law and the laws of the State of Iowa.
IN WITNESS WHEREOF, the Fund and FBL have caused this Agreement to be
executed as of the day and year first written above.
FBL SERIES FUND, INC. FBL INVESTMENT ADVISORY SERVICES,
INC.
By: By:
-------------------------------- -------------------------------------
Title: Title:
----------------------------- ----------------------------------
ATTEST: ATTEST:
----------------------------------- ----------------------------------------
By: Its By: Its
2
