EX-99.23(h)(22)
CONTRACT OWNER INFORMATION AGREEMENT
JNLNY VARIABLE FUND I LLC
This Contract Owner Information Agreement ("Agreement") is made, as of the
date indicated on the signature page of this Agreement, by and among the JNLNY
Variable Fund I LLC ("referred to as "Funds," "we" or "us", as more fully
defined below) and Xxxxxxx National Life Insurance Company of New York ("JNL"),
and the Separate Accounts ("Accounts") sponsored JNL, identified on the
signature page of this Agreement (JNL, together with the Accounts, being
referred to as "you").
WHEREAS, JNL offers variable contracts to the retail public, and such
variable contracts are sold through affiliated and unaffiliated broker-dealers
and insurance agencies;
WHEREAS, the Funds are investment companies registered with the U.S.
Securities and Exchange Commission ("SEC") pursuant to the Investment Company
Act of 1940, as amended ("1940 Act"), and the Funds' shares are registered under
the Securities Act of 1933, as amended ("1933 Act");
WHEREAS, the Accounts are investment companies registered with the SEC
pursuant to the 1933 Act and the 1940 Act;
WHEREAS, the Funds desire to delegate to JNL the performance of certain
functions related to the monitoring of frequent trading, and JNL desires to
accept such delegation and provide the Funds with the services described in this
Agreement;
WHEREAS, Fund Shares are sold directly to certain "Qualified Retirement
Plans," and the Accounts of JNL and Xxxxxxx National Life Insurance Company that
comprise the variable contracts;
WHEREAS, the Qualified Retirement Plans and the Accounts are the Funds'
shareholders, and due to the structure of such Qualified Retirement Plans and
variable contracts, the Funds generally do not have access to individual
Qualified Retirement Plan participant and individual Contract Owner trading
information; and
WHEREAS, JNL has access to individual Qualified Retirement Plan participant
and Contract Owner trading information.
NOW THEREFORE, this Agreement is entered into by you and by us pursuant to
the requirements of Rule 22c-2 ("Rule") under the 1940 Act. As required by the
Rule, the provisions of this Agreement are intended to recoup the costs it may
incur as a result of those redemptions or eliminate or reduce so far as
practicable any dilution of the value of the outstanding securities issued by
the Fund.
1. CONTRACT OWNER INFORMATION
1.1 AGREEMENT TO PROVIDE INFORMATION. You agree to provide us promptly
upon written request, a "Report" (SEE Exhibit A attached hereto)
containing the following information: (i) the "Tax Identification
Number" and the number that specifically identifies each variable
insurance contract ("Contract Number") of any or all Contract Owners
(as defined below) that invest in an Account that invests in a Fund;
(ii) the name or other identifier of any investment professional(s)
associated with the Contract Owner(s) (if known), (iii) the
transaction type (purchase, redemption, transfer, or exchange) of
every purchase, redemption, transfer, or exchange of Interests (as
defined below) held by a Contract Owner during the period covered by
the request, including amount(s) and date(s) of the transactions; and
(iv) a discussion of the resolution or actions taken on behalf of the
Accounts and Funds.
1.1.1 PERIOD COVERED BY REPORT. Reports (Requests) must set forth a
specific period. We may request transaction information older
than the period covered by the Report as we deem necessary to
investigate compliance with policies established by us for the
purpose of eliminating or reducing any dilution of the value of
Fund Shares (as defined below).
1.1.2 FORM AND TIMING OF RESPONSE (DELIVERY OF THE REPORT). You agree
to transmit the requested information that is on your books and
records to us promptly, but in any event not later than five (5)
business days, after receipt of a request. If the requested
information is not on your books and records, you agree to: (i)
provide or arrange to provide to us the requested information
concerning Contract Owners who hold Interests related to Fund
Shares through an indirect intermediary; or (ii) if directed by
us, block further purchases of Interests from such indirect
intermediary. In such instance, you agree to inform us whether
you plan to perform (i) or (ii). Responses required by this
paragraph must be communicated in writing and in a format
mutually agreed upon by the parties. To the extent practicable,
any transaction information provided to us, the Report as
described in Section 1.1 herein, shall be delivered to us in the
format as set forth in Exhibit A attached hereto. For purposes of
this provision, "indirect intermediary" has the same meaning as
in the Rule.
1.1.3 REPORT REVIEW. We shall review the Report(s) and determine
whether the resolution of the matter, and the information
contained in the Report, is sufficient. We may instruct you to
execute other instructions (SEE Section 1.2 herein).
1.1.4 LIMITATIONS ON USE OF INFORMATION. We agree not to use the
information received for marketing or any other similar purpose
without prior written consent by you.
1.1.5 WARRANTY. You represent and warrant that you and the Accounts
have policies and procedures in place that are in compliance with
the obligations of the Accounts that are registered investment
companies to monitor for, prevent and detect excessive and/or
short term trading activity. In addition, you represent and
warranty to us that JNL has established policies and procedures
to monitor for frequent trading
1.2 AGREEMENT TO RESTRICT TRADING. You agree to execute written
instructions from us to restrict or prohibit further purchases or
exchanges of Interests related to Fund Shares by a Contract Owner that
has been identified by us as having engaged in transactions of
Interests related to Fund Shares that result in the violation of
policies established by us for the purpose of eliminating or reducing
any dilution of the value of Fund Shares.
1.2.1 FORM OF INSTRUCTIONS. Instructions must include the Contract
Number, if known and provided by you in response to a request for
information pursuant to Section 1.1, and the specific
restriction(s) to be executed. If the Contract Number is not
known, the instructions must include an equivalent identifying
number of the Contract Owner(s), other identifying information
you provided, or other agreed upon information to which the
instruction relates.
1.2.2 TIMING OF RESPONSE. You agree to execute instructions as soon as
reasonably practicable, but not later than five (5) business days
after receipt of the instructions by you.
1.2.3 CONFIRMATION BY YOU. You must provide written confirmation to us
that instructions have been executed. You agree to provide
confirmation as soon as reasonably practicable, but not later
than ten (10) business days after the instructions have been
executed.
1.3 DEFINITIONS. For purposes of this paragraph:
1.3.1 The term "Fund" means any and all series of the JNL Series Trust
and the JNL Variable Fund LLC except for any such series that
constitute "excepted funds" as defined in the Rule.
1.3.2 The term "Interests" means the interests of Contract Owners in
Accounts that correspond to the redeemable securities of record
issued by a Fund under the 1940 Act that are held by an Insurance
Company or an Account.
1.3.3 The term "Contract Owner" means the holder of interests in a
variable annuity or variable life insurance contract issued by
you.
1.3.4 The term "written" includes electronic writings and facsimile
transmissions.
1.3.5 The term "Fund Shares" means the outstanding shares issued by a
Fund.
1.3.6 The term "us" shall include as the context requires with respect
to the activities described in Sections 1.1. and 1.2 , including,
without limitation, receipt of information, the transmittal of
requests, transmittal of Reports, and instructions and
confirmations our designee, who shall for all such purposes under
this Agreement be Xxxxxxx National Asset Management, LLC.
IN WITNESS WHEREOF, this Agreement has been executed by a duly authorized
representative of each party hereto as of October 16, 2006.
JNLNY VARIABLE FUND I LLC XXXXXXX NATIONAL LIFE INSURANCE
COMPANY OF NEW YORK (AND THE
JNLNY SEPARATE
ACCOUNTS I, II AND IV)
By:___/s/ Xxxxxx X. Fritts_________ By:___/s/ Xxxxxx X. Meyer_________
Name: Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxx
Title: President Title: Senior Vice President,
General Counsel & Secretary
EXHIBIT A
SAMPLE REPORT
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CONTRACT (POLICY) NUMBER:
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TAX IDENTIFICATION NUMBER:
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Agent (Broker):
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Date:
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Time Period Covered by Report:
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Rolling 1 Year Trades:
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Rolling 1 Month Trades:
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Rolling 7 Day Trades:
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Reallocations (Trades made via Phone or Fax)
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Ending Value (Date) $
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Initial Value (Date) $
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TRADE DATES AND FUNDS TRANSACTIONS AMOUNTS
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NUMBER OF TIMES FUNDS AFFECTED
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Fund
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Fund
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Fund
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Fund
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RESOLUTION
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NOTES
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