EXHIBIT 9(b)
HARTFORD SMALL COMPANY 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 annuity contracts (the "Contracts") issued with respect to
such unit investment trusts hereby agrees as of the ____ day of_____ _______,
1996 with HARTFORD SMALL COMPANY FUND, INC. (the "Fund"), an open-end,
diversified, management investment company, 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 within five (5) days after
placement of the order for Fund shares. If payment is not received by the Fund
within such five-day 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 board 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
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the then current prospectus of the Fund and in printed information subsequently
issued by the Fund as information supplemental to the prospectus.
This Agreement shall terminate as to new Contracts:
(a) At the option of HL or the Fund upon six months; advance notice to each
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 precludes 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.
Each notice required by this Agreement shall be given in writing as follows:
If to the Fund:
Hartford Small Company Fund, Inc.
X.X. Xxx 0000
Xxxxxxxx, Xxxxxxxxxxx 00000-0000
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If to HL:
Hartford Life Insurance Company
X.X. Xxx 0000
Xxxxxxxx, Xxxxxxxxxxx 00000-0000
8. This Agreement shall be construed in accordance with the laws of the State
of Connecticut.
Dated:________ , 1996
HARTFORD SMALL COMPANY FUND, INC.
BY______________________________
Attest
--------------------------------
HARTFORD LIFE INSURANCE COMPANY
BY______________________________
Attest
--------------------------------
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HARTFORD SMALL COMPANY FUND, INC.
SHARE PURCHASE AGREEMENT
ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY ("ITT Hartford"), a
Connecticut Corporation, as Sponsor-Depositor, now and in the future, of certain
unit investment trusts, and issuer of certain annuity contracts (the
"Contracts") issued with respect to such unit investment trusts hereby agrees as
the ___ day of _______, 1996 with HARTFORD SMALL COMPANY FUND, INC.. (the
"Fund"), an open-end, diversified, management investment company 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 ITT Hartford (or its successor) to
be necessary to meet the requirements of the Contracts. Confirmations of Fund
share purchases will be sent directly to ITT Hartford by the Fund. All Fund
share purchases shall be maintained in a book share account in the name of ITT
Hartford. Payment for shares shall be made directly to the Fund by ITT Hartford.
Payment shall be made by ITT Hartford within five (5) days after placement of
the order for Fund shares. If payment is not received by the Fund within such
five-day period, the Fund may, without notice, cancel the order and hold ITT
Hartford responsible for any loss suffered by the Fund resulting from such
failure to receive timely payment.
Notice shall be furnished promptly to ITT Hartford 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 board 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 ITT Hartford, in a timely manner and in a
sufficient number to allow distribution by ITT Hartford 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 ITT Hartford shall bear the cost of
any distribution thereof.
3. ITT Hartford 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.
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4. This Agreement shall terminate as to new Contracts:
(a) At the option of ITT Hartford or the Fund upon six months;
advance notice to each other;
(b) At the option of ITT Hartford 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 ITT Hartford, 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) In the event Fund shares are not registered, issued or sold
in conformance with applicable federal or state law precludes
the use of Fund shares as the underlying investment media of
the Contracts. Prompt notice shall be given to ITT Hartford
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 Small Company Fund, Inc.
X.X. Xxx 0000
Xxxxxxxx, Xxxxxxxxxxx 00000-0000
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If to ITT:
ITT Hartford Life and Annuity Insurance Company
X.X. Xxx 0000
Xxxxxxxx, Xxxxxxxxxxx 00000-0000
8. This Agreement shall be construed in accordance with the laws of the
State of Connecticut.
Dated:______________, 1996
HARTFORD SMALL COMPANY FUND, INC.
BY______________________________
Attest
-------------------------
ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
BY______________________________
Attest
-------------------------
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