EXHIBIT 6(b)
DEALER AGREEMENT
FBL INVESTMENT ADVISORY SERVICES, INC.
0000 Xxxxxxxxxx Xxxxxx
Xxxx Xxx Xxxxxx, Xxxx 00000
Gentlemen:
As distributor and principal underwriter, we invite you to become a member
of the group of securities dealers (the "Selling Group") authorized to solicit
applications to purchase Traditional Shares ("Applications") of the Money Market
Portfolio, Value Growth Portfolio, High Grade Bond Portfolio, High Yield Bond
Portfolio, Blue Chip Portfolio and Managed Portfolio (sometimes referred to
collectively as the "Portfolios" and individually as the "Portfolio") of FBL
Series Fund, Inc. (the "Fund") and to service shareholder accounts as
hereinafter described but only in those states in which the shares of the
respective Portfolios may legally be offered for sale and only on the following
terms:
A. SOLICITATION OF APPLICATIONS
1. Applications received from you and accepted by the Fund will be at the
public offering price determined in the manner described in the then current
prospectus of such Portfolio notwithstanding anything to the contrary in this
Agreement. The public offering price for the purchase of the Traditional Shares
of a Portfolio is its net asset value per share.
2. The procedure relating to the handling of applications shall be
subject to instructions which we shall forward from time to time to all members
of the Selling Group. All applications are subject to acceptance by us and the
Fund at our West Des Moines, Iowa offices and we and the Fund reserve the right,
in our and their sole discretion, to reject any application.
3. As a member of the Selling Group, you agree:
(a) To purchase shares only from us or from your customers (other
than a securities broker or dealer).
(b) That you will purchase shares from us only to cover purchase
orders already received from your customers, or for your own bona fide
investment.
(c) That you will not purchase shares from your customers at a price
lower than the bid price then quoted by or for such Portfolio. You
may, however, sell
shares for the account of your customer to the Portfolio, or to us as
agent for such Portfolio, at the bid price currently quoted by or for
such Portfolio.
(d) That you will not withhold placing with us orders received from
your customers so as to profit yourself as a result of such
withholding.
4. You agree that you will promptly forward all customers' Applications
to us. The Fund will not accept conditional applications.
5. You agree that the Portfolio's share price applicable to Applications
will be such Portfolio's public offering price next determined after receipt of
the Application and payment at the office of the Fund in West Des Moines, Iowa
in accordance with the then current prospectus of such Portfolio.
6. Payments for Fund shares purchased must be made at or prior to
acceptance of the Application at the Fund's office in West Des Moines, Iowa, as
contemplated by the Application forms furnished by us. Delivery of shares will
be made by credit to shareholder accounts.
7. Applications are subject to acceptance by us and the Fund. The Fund
reserves the right in its discretion without notice to you to suspend sales or
withdraw the offering of shares entirely.
8. No person is authorized to make any representations concerning any
Portfolio or its shares except those contained in such Portfolio's then current
prospectus and any such information as may be authorized by us or such Portfolio
for use as information supplemental to such prospectus. In soliciting
Applications for shares of a Portfolio you shall rely solely on the
representations contained in such Portfolio's then current prospectus and the
supplemental information above mentioned.
9. Additional copies of any prospectus or statement of additional
information and any printed information designed as supplemental to such
prospectus will be supplied by us to members of the Selling Group in reasonable
quantities upon request.
10. Your acceptance of this agreement constitutes a representation that
you are a registered securities dealer and a member in good standing of the
National Association of Securities Dealers Inc. and agree to comply with all
applicable state and federal laws and rules and regulations applicable to
transactions hereunder and to the Conduct Rules of the National Association of
Securities Dealers Inc. including specifically Conduct Rule 2830 thereof. You
likewise agree that you will not offer or sell shares of any Portfolio in any
state or other jurisdiction in which they may not lawfully be offered for sale.
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B. SHAREHOLDER SERVICES
1. You shall provide services to existing and prospective shareholders of
the Fund, including, without limitation, assistance in the establishment and
maintenance of shareholder accounts and records, forwarding purchase and
redemption requests, answering routine client inquiries regarding the Fund,
assistance to clients in changing dividend options, account designations and
addresses, assisting shareholders with tax information and such other services
as we may reasonably request.
2. You shall also prepare such quarterly reports for us as shall
reasonably be required by us.
C. COMPENSATION
1. Your acceptance of this agreement constitutes your agreement to become
a member of the Selling Group and to render the services, and to assume the
obligations, set forth herein for the compensation herein provided. You shall
for all purposes herein provided be deemed to be an independent contractor and
shall have no authority to act for or represent the Fund or us in any way or
otherwise be deemed an agent of the Fund or us, except as expressly provided
above.
2. For the services described herein, we will compensate you for sales of
Traditional Shares of the Fund at a commission rate of up to 4.5% [and pay a fee
to you after the end of each month at the annual rate of 0.15 of 1%] of the
average aggregate net asset value of the Traditional Shares of those accounts in
the Fund for which you provide services at a level deemed by us to be
satisfactory. 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 the month and year,
respectively.
D. GENERAL TERMS
1. This Agreement shall be in substitution of all prior agreements
between us regarding the shares of any Portfolio.
2. This Agreement shall become effective on the date hereof and shall
continue in effect until terminated. This Agreement shall automatically
terminate in the event of its assignment and shall terminate with respect to a
Portfolio upon any termination of that Portfolio's Distribution Plan and
Agreement (the "Plan"). It may be terminated by you on thirty (30) days'
written notice. It may also be terminated with respect to a Portfolio at any
time, without payment of any penalty, by vote of a majority of the members of
the Board of Directors of the Fund who are not interested persons of the Fund
and have no direct or indirect financial interest in the operation of the Plan
or in any agreement related to the Plan or by a vote of a majority (as defined
in the Investment Company Act of 1940) of the Portfolio's outstanding shares on
thirty (30) days' written notice. We reserve the right, in our discretion,
without notice,
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to modify, cancel or assign this agreement, which shall be construed in
accordance with applicable federal law and the laws of the State of Iowa.
3. You acknowledge that we may enter into similar agreements with others
without your consent.
4. If any provision of this Agreement shall be held or made invalid by a
court decision, statue, rule or otherwise, the remainder shall not be affected
thereby.
5. All communications to us shall be sent to FBL Investment Advisory
Services, Inc., 0000 Xxxxxxxxxx Xxxxxx, Xxxx Xxx Xxxxxx, Xxxx, 00000. Any
notice to you shall be duly given if mailed or telegraphed to you at your
address as registered from time to time with the National Association of
Securities Dealers, Inc. This agreement in its entirety is applicable to sales
coming from, and only from, the state or states listed on the attached
Schedule A as from time to time amended by notice to you. Schedule A is by this
reference made a part of this agreement.
FBL INVESTMENT ADVISORY SERVICES, INC.
Date: By:
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Its Vice President
The undersigned accepts your invitation to become a member of the Selling
Group and agrees to abide by the foregoing terms and conditions.
[Name of Broker-Dealer]
Dated: By:
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Its
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