SHAREHOLDER SERVICE, DIVIDEND DISBURSING
AND TRANSFER AGENT AGREEMENT
BETWEEN
FBL VARIABLE INSURANCE SERIES FUND
AND
FBL INVESTMENT ADVISORY SERVICES, INC.
This Shareholder Service, Dividend Disbursing and Transfer Agent Agreement
made this 12th day of August, 1987, between FBL VARIABLE INSURANCE SERIES FUND a
Massachusetts business trust (the "Fund"), and FBL INVESTMENT ADVISORY SERVICES,
INC., a Delaware corporation (the "Agent");
WITNESSETH:
WHEREAS, the Fund desires to enter into a Shareholder Service, Dividend
Disbursing and Transfer Agent agreement with Agent under which Agent will
provide the services as set forth in detail in this Agreement, and Agent is
desirous of providing such services upon the terms and conditions hereinafter
provided,
NOW, THEREFORE, in consideration of the mutual covenants herein contained,
it is agreed as follows:
1. The Agent shall perform all the usual and ordinary services of stock
transfer agent and dividend disbursing agent for the Fund, including
those hereinabove set forth. The Agent shall:
(a) keep the stock transfer books or records of the Fund and
addresses of all shareholders, the number and date of issuance of
full and fractional shares held by each, the number and date of
certificates for the shares and the number and date of
cancellation of each share certificate and each certificate
surrendered for cancellation;
(b) handle the issuance and redemption of the Fund shares;
(c) effect and record shareholder transfers of ownership and changes
in forms of registration;
(d) cause all shareholder reports and proxies to be properly
addressed and mailed in connection with shareholders meetings;
(e) tabulate all proxies; and
(f) prepare and mail all required shareholder federal and state and
other income tax information forms.
2. The Agent shall also act as the Fund's dividend agent in allocating
and causing ordinary income dividend and capital gains distributions
to be disbursed to shareholders.
3. For its services specified above, the Fund shall pay to the Agent fees
as provided in Exhibit A which is attached hereto and made a part
hereof. Such fees shall be paid by the Fund monthly.
4. The Agent agrees to act in good faith in furnishing the services
provided for herein. At the Agent's option it may furnish all
necessary facilities and personnel directly or it may retain a
separate organization for the purpose of performing all or any portion
of the Agent's obligations under this Agreement. The Agent assumes no
responsibility under this Agreement other than to render in good faith
the services called for hereunder.
5. The Agent agrees that in all matters relating to the services to be
performed by it hereunder, it will use its best efforts to act in
conformity with the terms of the Declaration of Trust, ByLaws,
Registration Statement and current Prospectus of the Fund. Each of
the parties agrees that in all matters relating to the performance of
this Agreement, it will use its best efforts to conform to and comply
with the requirements of the Investment Company Act of 1940 and all
other applicable federal, state or other laws and regulations.
6. To the extent required by Section 31 of the Investment Company Act of
1940 and the rules and regulations thereunder, Agent agrees that all
records maintained by it (or its sub-agent) relating to the services
to be performed by Agent under this Agreement are the property of the
Fund and will be preserved and surrendered promptly to the Fund on
request.
7. The services of the Agent as provided herein are not to be deemed to
be exclusive, and it shall be free to render services of any kind to
any other group, firm, individual or association, including other
investment companies, and to engage in any other business or activity.
8. This Agreement, including Exhibit A hereto, may be amended at any time
by mutual written consent of the parties.
9. This Agreement shall be effective as of the date of execution, and may
be terminated by either party hereto upon sixty (60) days' written
notice given by one to the other, provided that no such notice of
termination given by the Agent to the Fund shall be effective unless
and until a substitute person or entity has been engaged by the Fund
to perform the services required hereunder for the Fund, or the Fund
has certified to the Agent that other arrangements have been made by
it to provide such services.
10. The Agent understands that the obligations of the Fund under this
Agreement are not binding upon any shareholders or trustees of the
Fund personally, but bind only the Fund and the Fund property. The
Agent represents that it has notice of the provisions of the
Declaration of Trust of the Fund disclaiming shareholder and trustee
liability for acts or obligations of the Fund.
2
IN WITNESS WHEREOF, the parties have caused this Agreement to be signed by
their respective officers thereunto duly authorized and their respective seals
to be hereunto affixed, as of the day and year first above written.
ATTEST: FBL VARIABLE INSURANCE SERIES FUND
Xxxxxx X. Xxxxxx Xxxxxxx X. Xxxxxxx
---------------- ------------------
By: Its Assistant Secretary By: Its Vice President
ATTEST: FBL INVESTMENT ADVISORY SERVICES, INC.
Xxxxxx X. Xxxxxx Xxxxxxx X. Xxxxxxx
---------------- ------------------
By: Its Assistant Secrdtary By: Its Vice President
3
EXHIBIT A
TO
SHAREHOLDER SERVICE, DIVIDEND DISBURSING
AND TRANSFER AGENT AGREEMENT
BETWEEN
FBL VARIABLE INSURNCE SERIES FUND
AND
FBL INVESTMENT ADVISORY SERVICES, INC.
Fees:
$0.00 per Equity Portfolio account per year.
$00.00 per Fixed-Income Portfolio account per year.
$00.00 per Money Market Portfolio account per year.
The fee is payable each month at the rate of 1/12th of the annual fee per Fund
Portfolio account.
In addition, the Fund will pay each month out-of-pocket expenses incurred or
advances made by FBL Investment Advisory Services, Inc. under the Dividend
Disbursing and Transfer Agent Agreement. These items include, but are not
limited to, postage, envelopes, checks, continuous forms, reports and
statements, telephone, telegraph, stationary, supplies, costs of outside mailing
firms, record storage costs and media for storage of records (e.g., microfilm,
computer tapes).
4
