AMENDED AND RESTATED PARTICIPATION AGREEMENT AMONG NATIONWIDE LIFE INSURANCE COMPANY, NATIONWIDE INVESTMENT SERVICES CORPORATION, ALLIANCE CAPITAL MANAGEMENT L.P. AND ALLIANCEBERNSTEIN INVESTMENT RESEARCH AND MANAGEMENT, INC. DATED AS OF JUNE 1, 2003
AMENDED
AND RESTATED
AMONG
NATIONWIDE
LIFE INSURANCE COMPANY,
NATIONWIDE
INVESTMENT SERVICES CORPORATION,
ALLIANCE
CAPITAL MANAGEMENT L.P.
AND
ALLIANCEBERNSTEIN
INVESTMENT RESEARCH AND MANAGEMENT, INC.
DATED
AS
OF
JUNE
1,
2003
THIS
AGREEMENT, made and entered into as of the 1st
day of March, 2002
(“Agreement”), by and among Nationwide Life Insurance Company, an Ohio stock
life insurance company (the “Insurer”) (on behalf of itself and its “Separate
Account,” defined below); Nationwide Investment Services Corporation, an
Oklahoma corporation (“Contracts Distributor”), the principal underwriter with
respect to the Contracts referred to below; Alliance Capital Management L.P.,
a
Delaware limited partnership (“Adviser”), the investment adviser of the Fund
referred to below; and AllianceBernstein Investment Research and Management,
Inc., a Delaware corporation (“Distributor”), the Fund’s principal underwriter
(collectively, the “Parties”),
WITNESSETH
THAT:
WHEREAS
Insurer, the Distributor, and AllianceBernstein Variable Products Series Fund,
Inc. (the “Fund”) desire that Class A shares (“shares”) of the Fund’s
AllianceBernstein Premier Growth Portfolio, AllianceBernstein Growth and Income
Portfolio, AllianceBernstein Small Cap Value Portfolio, and AllianceBernstein
International Value Portfolio (the “Portfolios”; reference herein to the “Fund”
includes reference to each Portfolio to the extent the context requires) be
made
available by Distributor to serve as underlying investment media for those
combination fixed and variable annuity contracts of Insurer that are the subject
of Insurer’s Forms N-4, N-6 or S-6 registration statement filed with the
Securities and Exchange Commission (the “SEC”), with File Numbers as set forth
on Exhibit A (the “Contracts”), or are exempt from such registration,
to be offered through Contracts Distributor and other registered broker-dealer
firms as agreed to by Insurer and Contracts Distributor; and
WHEREAS
the Contracts provide for the allocation of net amounts received by Insurer
to
separate series (the “Divisions”; reference herein to the “Separate Account”
includes reference to each Division to the extent the context requires) of
the
Separate Account for investment in the shares of corresponding Portfolios of
the
Fund that are made available through the Separate Account to act as underlying
investment media,
NOW,
THEREFORE, in consideration of the mutual benefits and promises contained
herein, the Fund and Distributor will make shares of the Portfolios available
to
Insurer for this purpose at net asset value and with no sales charges, all
subject to the following provisions:
Section
1. Additional Portfolios
The
Fund
has and may, from time to time, add additional Portfolios, which will become
subject to this Agreement, if, upon the written consent of each of the Parties
hereto, they are made available as investment media for the
Contracts.
Section
2. Processing Transactions
2.1 Timely
Pricing and Orders.
Subject
to the terms and conditions of this Agreement, Insurer shall be appointed to,
and agrees to act, as a limited agent of Fund for the sole purpose of receiving
instructions from authorized parties as defined by the Contracts for the
purchase and redemption of Fund shares prior to the close of regular trading
each Business Day. A "Business Day” shall mean any day on which the
New York Stock Exchange is open for trading and on which the Fund calculates
its
net asset value as set forth in the Fund’s most recent prospectus and Statement
of Additional Information. Except as particularly stated in this
paragraph, Insurer shall have no authority to act on behalf of Fund or to incur
any cost or liability on its behalf.
Until
such time as Fund and Insurer are able to utilize the National Securities
Clearing Corporation ("NSCC") Defined Contribution Clearing and
Settlement ("DCC&S") Fund/SERV system; Fund will use its best
efforts to provide to Insurer or its designated agent closing net asset value,
change in net asset value, dividend or daily accrual rate information and
capital gain information by 7:00 p.m. Eastern Time each Business
Day. Insurer or its agent shall use this data to calculate unit
values. Unit values shall be used to process the same Business Day’s
contract transactions. Orders derived from, and in amounts equal to,
instructions received by Insurer prior to the Close of Trading on the New York
Stock Exchange on any Business Day ("Day 1") shall be transmitted without
modification (except for netting or aggregating such orders) to Fund by 9:00
A.M. Eastern Time on the next Business Day. Such trades will be
effected at the net asset value of each Fund's shares calculated as of the
Close
of Trading on Day 1. Fund will not accept any order made on a conditional basis
or subject to any delay or contingency. Insurer shall only place
purchase orders for shares of Funds on behalf of its customers whose addresses
recorded on Insurer’s books are in a state or other jurisdiction in which the
Funds are registered or qualified for sale, or are exempt from registration
or
qualification as confirmed in writing by Fund.
Until
such time as Fund and Insurer are able to utilize the DCC&S Fund/SERV
system, each party shall have the ability to verify trade information via the
internet prior to 12:00 pm on the day of trade receipt. Each party
shall notify the other of any errors, omissions or delay or
unavailability as promptly as possible.
a)
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For
those purchase orders not transmitted via the DCC&S Fund/SERV system,
Insurer shall initiate payment to Fund or its designated agent in
federal
funds on the Business Day following the day on which the instructions
are
treated as having been received by Fund pursuant to this
Agreement.
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b)
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For
those redemption orders not transmitted via the DCC&S Fund/SERV
system, Fund or its designated agent shall initiate payment in federal
funds on the Business Day following the day on which the instructions
are
treated as having been received by Fund pursuant to this
Agreement.
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At
such
time as Fund and Insurer are able to transmit information via the NSCC's
DCC&S Fund/SERV System:
a)
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Orders
derived from, and in amounts equal to, instructions received by Insurer
prior to the Close of Trading on Day 1 shall be transmitted without
modification (except for netting and aggregation of such orders)
via the
NSCC's DCC&S Fund/SERV system to Fund no later than 5:00 A.M. Eastern
Time on the Next Business Day. Such trades will be effected at
the net asset value of each Fund's shares calculated as of the Close
of
Trading on Day 1.
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b)
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Fund
and Insurer shall mutually agree there may be instances when orders
shall
be transmitted to Fund via facsimile no later than 9:00 A.M. rather
than
through the DCC&S Fund/SERV system. In such instances, such
orders shall be transmitted to Fund via facsimile no later than 9:00
A.M.
Eastern Time on the next Business
Day.
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c)
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With
respect to purchase and redemption orders received by Fund on any
Business
Day for any Fund, within the time limits set forth in this Agreement,
settlement shall occur consistent with the requirements of DCC&S
Fund/SERV system.
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At
such
time as Fund and Insurer are able to transmit information via the DCC&S
Fund/SERV system; Fund or its designated agent shall send to Insurer, via the
DCC&S Fund/SERV system, verification of net purchase or redemption orders or
notification of the rejection of such orders ("Confirmations ") on each Business
Day for which Insurer has transmitted such orders. Such confirmations
shall include the total number of shares of each Fund held by Insurer following
such net purchase or redemption. Fund, or its designated agent, shall submit
in
a timely manner, such confirmations to the DCC&S Fund/SERV system in order
for Insurer to receive such confirmations no later than 11:00 A.M. Eastern
Time
the next Business Day.
Fund
or
its designated agent will transmit to Insurer via DCC&S NETWORKING system
those Networking activity files reflecting account activity. Such activity
files
shall include total number of shares of each Fund held by Insurer following
such
net purchase or redemption. The Fund or its designated agent shall
submit in a timely manner such activity files to the DCC&S Fund/SERV system
in order for Insurer to receive such activity files no later than the next
Business Day
In
addition, the Fund or its affiliate will send Insurer a statement of account
each quarter which shall confirm all transactions made during that particular
quarter in the account.
2.2 Timely
Payments.
Insurer
will transmit orders for purchases and redemptions of Fund shares to
Distributor, and will wire payment for net purchases to a custodial account
designated by the Fund on the day the order for Fund shares is placed, to the
extent practicable. Payment for net redemptions will be wired by the
Fund to an account designated by Insurer on the same day as the order is placed,
to the extent practicable, and in any event be made within six calendar days
after the date the order is placed in order to enable Insurer to pay redemption
proceeds within the time specified in Section 22(e) of the Investment Company
Act of 1940, as amended (the “1940 Act”).
2.3 Applicable
Price.
The
Parties agree that Portfolio share purchase and redemption orders resulting
from
Contract owner purchase payments, surrenders, partial withdrawals, routine
withdrawals of charges, or other transactions under Contracts will be executed
at the net asset values as determined as of the close of regular trading on
the
New York Stock Exchange on the Business Day that Insurer receives such orders
and processes such transactions, which, Insurer agrees shall occur not earlier
than the Business Day prior to Distributor’s receipt of the corresponding orders
for purchases and redemptions of Portfolio shares. For the purposes
of this section, Insurer shall be deemed to be the agent of the Fund for receipt
of such orders from holders or applicants of contracts, and receipt by Insurer
shall constitute receipt by the Fund. All other purchases and
redemptions of Portfolio shares by Insurer, will be effected at the net asset
values next computed after receipt by Distributor of the order therefor, and
such orders will be irrevocable. Insurer hereby elects to reinvest
all dividends and capital gains distributions in additional shares of the
corresponding Portfolio at the record-date net asset values until Insurer
otherwise notifies the Fund in writing, it being agreed by the Parties that
the
record date and the payment date with respect to any dividend or distribution
will be the same Business Day.
Section
3. Costs and Expenses
3.1 General.
Except
as
otherwise specifically provided herein, each Party will bear all expenses
incident to its performance under this Agreement.
3.2 Registration.
The
Fund
will bear the cost of its registering as a management investment company under
the 1940 Act and registering its shares under the Securities Act of 1933, as
amended (the “1933 Act”), and keeping such registrations current and effective;
including, without limitation, the preparation of and filing with the SEC of
Forms N-SAR and Rule 24f-2 Notices respecting the Fund and its shares and
payment of all applicable registration or filing fees with respect to any of
the
foregoing. Insurer will bear the cost of registering the Separate
Account as a unit investment trust under the 1940 Act unless the Separate
Account is exempt from registration under Section 3(c)(1). 3(c)(7) or 3(c)(11)
of the 1940 Act, and registering units of interest under the Contracts under
the
1933 Act unless the Contracts are exempt from registration under the 1933 Act,
and keeping such registrations current and effective; including, without
limitation, the preparation and filing with the SEC of Forms N-SAR and Rule
24f-2 Notices respecting the Separate Account and its units of interest and
payment of all applicable registration or filing fees with respect to any of
the
foregoing.
3.3 Other
(Non-Sales-Related) Expenses.
The
Fund
will bear the costs of preparing, filing with the SEC and setting for printing
the Fund’s prospectus, statement of additional information and any amendments or
supplements thereto (collectively, the “Fund Prospectus”), periodic reports to
shareholders, Fund proxy material and other shareholder communications and
any
related requests for voting instructions from Participants (as defined
below). Insurer will bear the costs of preparing, filing with the SEC
and setting for printing, the Separate Account’s prospectus, statement of
additional information and any amendments or supplements thereto (collectively,
the “Separate Account Prospectus”), any periodic reports to owners, annuitants
or participants under the Contracts (collectively, “Participants”), and other
Participant communications. The Fund and Insurer each will bear the
costs of printing in quantity and delivering to existing Participants the
documents as to which it bears the cost of preparation as set forth above in
this Section 3.3, it being understood that reasonable cost allocations will
be
made in cases where any such Fund and Insurer documents are printed or mailed
on
a combined or coordinated basis. If requested by Insurer, the
Fund will provide annual Prospectus text to Insurer on diskette for printing
and
binding with the Separate Account Prospectus.
3.4 Other
Sales-Related Expenses.
Expenses
of distributing the Portfolio’s shares and the Contracts will be paid by
Contracts Distributor and other parties, as they shall determine by separate
agreement.
3.5 Parties
to Cooperate.
The
Adviser, Insurer, Contracts Distributor, and Distributor each agrees to
cooperate with the others, as applicable, in arranging to print, mail and/or
deliver combined or coordinated prospectuses or other materials of the Fund
and
Separate Account.
Section
4. Legal Compliance
4.1 Tax
Laws.
(a) The
Adviser will use its best effort to qualify and to maintain qualification of
each Portfolio
as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue
Code of 1986, as amended (the “Code”), and the Adviser or Distributor will
notify Insurer immediately upon having a reasonable basis for believing that
a
Portfolio has ceased to so qualify or that it might not so qualify in the
future.
(b) Insurer
represents that it believes, in good faith, that the Contracts will be treated
as annuity contracts under applicable provisions of the Code and that it will
make every effort to maintain such treatment. Insurer will notify the
Fund and Distributor immediately upon having a reasonable basis for believing
that any of the Contracts have ceased to be so treated or that they might not
be
so treated in the future.
(c) The
Fund will make every effort to comply and to maintain each Portfolio’s
compliance with the diversification requirements set forth in Section 817(h)
of
the Code and Section 1.817-5(b) of the regulations under the Code, and the
Fund,
Adviser or Distributor will notify Insurer immediately upon having a reasonable
basis for believing that a Portfolio has ceased to so comply or that a Portfolio
might not so comply in the future.
(d) Insurer
represents that it believes, in good faith, that the Separate Account is a
“segregated asset account” and that interests in the Separate Account are
offered exclusively through the purchase of or transfer into a “variable
contract,” within the meaning of such terms under Section 817(h) of the Code and
the regulations thereunder. Insurer will make every effort to
continue to meet such definitional requirements, and it will notify the Fund
and
Distributor immediately upon having a reasonable basis for believing that such
requirements have ceased to be met or that they might not be met in the
future.
(e) The
Adviser will manage the Fund as a RIC in compliance with Subchapter M of the
Code and will make every effort to manage to be in compliance with Section
817(h) of the Code and regulations thereunder. The Fund has adopted
and will maintain procedures for ensuring that the Fund is managed in compliance
with Subchapter M and Section 817(h) and regulations thereunder.
(f) Should
the Distributor or Adviser become aware of a failure of Fund, or any of its
Portfolios, to be in compliance with Subchapter M of the Code or Section 817(h)
of the Code and regulations thereunder, they represent and agree that they
will
immediately notify Insurer of such in writing.
4.2 Insurance
and Certain Other Laws.
(a) The
Adviser will use its best efforts to cause the Fund to comply with any
applicable state insurance laws or regulations, to the extent specifically
requested in writing by Insurer. If it cannot comply, it will so
notify Insurer in writing.
(b) Insurer
represents and warrants that (i) it is an insurance company duly organized,
validly existing and in good standing under the laws of the State of Ohio and
has full corporate power, authority and legal right to execute, deliver and
perform its duties and comply with its obligations under this Agreement, (ii)
it
has legally and validly established and maintains the Separate Account as a
segregated asset account under Ohio law, and (iii) the Contracts comply in
all
material respects with all other applicable federal and state laws and
regulations.
(c) Insurer
and Contracts Distributor represent and warrant that Contracts Distributor
is a
business corporation duly organized, validly existing, and in good standing
under the laws of the State of Oklahoma and has full corporate power, authority
and legal right to execute, deliver, and perform its duties and comply with
its
obligations under this Agreement.
(d) Distributor
represents and warrants that it is a business corporation duly organized,
validly existing, and in good standing under the laws of the State of Delaware
and has full corporate power, authority and legal right to execute, deliver,
and
perform its duties and comply with its obligations under this
Agreement.
(e) Distributor
represents and warrants that the Fund is a corporation duly organized, validly
existing, and in good standing under the laws of the State of Maryland and
has
full power, authority, and legal right to execute, deliver, and perform its
duties and comply with its obligations under this Agreement.
(f) Adviser
represents and warrants that it is a limited partnership, duly organized,
validly existing and in good standing under the laws of the State of Delaware
and has full power, authority, and legal right to execute, deliver, and perform
its duties and comply with its obligations under this Agreement.
4.3 Securities
Laws.
(a) Insurer
represents and warrants that (i) interests in the Separate Account pursuant
to
the Contracts will be registered under the 1933 Act to the extent required
by
the 1933 Act and the Contracts will be duly authorized for issuance and sold
in
compliance with Ohio law, (ii) the Separate Account is and will remain
registered under the 1940 Act to the extent required by the 1940 Act, (iii)
the
Separate Account does and will comply in all material respects with the
requirements of the 1940 Act and the rules thereunder, (iv) the Separate
Account’s 1933 Act registration statement or other offering document relating to
the Contracts, together with any amendments thereto, will, at all times comply
in all material respects with the requirements of the 1933 Act and the rules
thereunder, and (v) the Separate Account Prospectus will at all times comply
in
all material respects with the requirements of the 1933 Act and the rules
thereunder.
(b) The
Adviser and Distributor represent and warrant that (i) Fund shares sold pursuant
to this Agreement will be registered under the 1933 Act to the extent required
by the 1933 Act and duly authorized for issuance and sold in compliance with
Maryland law, (ii) the Fund is and will remain registered under the 1940 Act
to
the extent required by the 1940 Act, (iii) the Fund will amend the registration
statement for its shares under the 1933 Act and itself under the 1940 Act from
time to time as required in order to effect the continuous offering of its
shares, (iv) the Fund does and will comply in all material respects with the
requirements of the 1940 Act and the rules thereunder, (v) the Fund’s 1933 Act
registration statement, together with any amendments thereto, will at all times
comply in all material respects with the requirements of the 1933 Act and rules
thereunder, and (vi) the Fund Prospectus will at all times comply in all
material respects with the requirements of the 1933 Act and the rules
thereunder.
(c) The
Fund will register and qualify its shares for sale in accordance with the laws
of any state or other jurisdiction only if and to the extent reasonably deemed
advisable by the Fund, Insurer or any other life insurance company utilizing
the
Fund.
(d) Distributor
and Contracts Distributor each represents and warrants that it is registered
as
a broker-dealer with the SEC under the Securities Exchange Act of 1934, as
amended, and is a member in good standing of the National Association of
Securities Dealers Inc. (the “NASD”).
4.4 Notice
of Certain Proceedings and Other Circumstances.
(a) Distributor
or the Fund shall immediately notify Insurer of (i) the issuance by any court
or
regulatory body of any stop order, cease and desist order, or other similar
order with respect to the Fund’s registration statement under the 1933 Act or
the Fund Prospectus, (ii) any request by the SEC for any amendment to such
registration statement or Fund Prospectus, (iii) the initiation of any
proceedings for that purpose or for any other purpose relating to the
registration or offering of the Fund’s shares, or (iv) any other action or
circumstances that may prevent the lawful offer or sale of Fund shares in any
state or jurisdiction, including, without limitation, any circumstances in
which
(x) the Fund’s shares are not registered and, in all material respects, issued
and sold in accordance with applicable state and federal law or (y) such law
precludes the use of such shares as an underlying investment medium of the
Contracts issued or to be issued by Insurer. Distributor and the Fund
will make every reasonable effort to prevent the issuance of any such stop
order, cease and desist order or similar order and, if any such order is issued,
to obtain the lifting thereof at the earliest possible time.
(b) Insurer
and Contracts Distributor shall immediately notify the Fund of (i) the
issuance by any court or regulatory body of any stop order, cease and desist
order or similar order with respect to the Separate Account’s registration
statement under the 1933 Act relating to the Contracts or the Separate Account
Prospectus, (ii) any request by the SEC for any amendment to such
registration statement or Separate Account Prospectus, (iii) the initiation
of any proceedings for that purpose or for any other purpose relating to the
registration or offering of the Separate Account interests pursuant to the
Contracts, or (iv) any other action or circumstances that may prevent the
lawful offer or sale of said interests in any state or jurisdiction, including,
without limitation, any circumstances in which said interests are not registered
and, in all material respects, issued and sold in accordance with applicable
state and federal law. Insurer and Contracts Distributor will make
every reasonable effort to prevent the issuance of any such stop order, cease
and desist order or similar order and, if any such order is issued, to obtain
the lifting thereof at the earliest possible time.
4.5 Insurer
to Provide Documents.
Upon
request, Insurer will provide the Fund and the Distributor one complete copy
of
SEC registration statements, Separate Account Prospectuses, reports, any
preliminary and final voting instruction solicitation material, applications
for
exemptions, requests for no-action letters, and amendments to any of the above,
that relate to the Separate Account or the Contracts, contemporaneously with
the
filing of such document with the SEC or other regulatory
authorities.
4.6 Fund
to Provide Documents.
Upon
request, the Fund will provide to Insurer one complete copy of SEC registration
statements, Fund Prospectuses, reports, any preliminary and final proxy
material, applications for exemptions, requests for no-action letters, and
all
amendments to any of the above, that relate to the Fund or its shares,
contemporaneously with the filing of such document with the SEC or other
regulatory authorities.
Section
5. Mixed and Shared Funding
5.1 General.
The
Fund
has obtained an order exempting it from certain provisions of the 1940 Act
and
rules thereunder so that the Fund is available for investment by certain other
entities, including, without limitation, separate accounts funding variable
life
insurance policies and separate accounts of insurance companies unaffiliated
with Insurer (“Mixed and Shared Funding Order”). The Parties
recognize that the SEC has imposed terms and conditions for such orders that
are
substantially identical to many of the provisions of this Section
5.
5.2 Disinterested
Directors.
The
Fund
agrees that its Board of Directors shall at all times consist of directors
a
majority of whom (the “Disinterested Directors”) are not interested persons of
Adviser or Distributor within the meaning of Section 2(a)(19) of the 1940
Act.
5.3 Monitoring
for Material Irreconcilable Conflicts.
The
Fund
agrees that its Board of Directors will monitor for the existence of any
material irreconcilable conflict between the interests of the participants
in
all separate accounts of life insurance companies utilizing the Fund, including
the Separate Account. Insurer agrees to inform the Board of Directors
of the Fund of the existence of or any potential for any such material
irreconcilable conflict of which it is aware. The concept of a
“material irreconcilable conflict” is not defined by the 1940 Act or the rules
thereunder, but the Parties recognize that such a conflict may arise for a
variety of reasons, including, without limitation:
(a) an
action by any state insurance or other regulatory authority;
(b) a
change in applicable federal or state insurance, tax or securities laws or
regulations, or a public ruling, private letter ruling, no-action or
interpretative letter, or any similar action by insurance, tax or securities
regulatory authorities;
(c) an
administrative or judicial decision in any relevant proceeding;
(d) the
manner in which the investments of any Portfolio are being managed;
(e) a
difference in voting instructions given by variable annuity contract and
variable life insurance contract participants or by participants of different
life insurance companies utilizing the Fund; or
(f) a
decision by a life insurance company utilizing the Fund to disregard the voting
instructions of participants.
Insurer
will assist the Board of Directors in carrying out its responsibilities by
providing the Board of Directors with all information reasonably necessary
for
the Board of Directors to consider any issue raised, including information
as to
a decision by Insurer to disregard voting instructions of
Participants.
5.4 Conflict
Remedies.
(a) It
is agreed that if it is determined by a majority of the members of the Board
of
Directors or a majority of the Disinterested Directors that a material
irreconcilable conflict exists, Insurer and the other life insurance companies
utilizing the Fund will, at their own expense and to the extent reasonably
practicable (as determined by a majority of the Disinterested Directors), take
whatever steps are necessary to remedy or eliminate the material irreconcilable
conflict, which steps may include, but are not limited to:
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(i)
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withdrawing
the assets allocable to some or all of the separate accounts from
the Fund
or any Portfolio and reinvesting such assets in a different investment
medium, including another Portfolio of the Fund, or submitting the
question whether such segregation should be implemented to a vote
of all
affected participants and, as appropriate, segregating the assets
of any
particular group (e.g., annuity contract owners or participants,
life
insurance contract owners or all contract owners and participants
of one
or more life insurance companies utilizing the Fund) that votes
in favor of such segregation, or offering to
the affected contract owners or participants the option of making
such a
change; and
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(ii)
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establishing
a new registered investment company of the type defined as a “Management
Company” in Section 4(3) of the 1940 Act or a new separate account that is
operated as a Management Company.
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(b) If
the material irreconcilable conflict arises because of Insurer’s decision to
disregard Participant voting instructions and that decision represents a
minority position or would preclude a majority vote, Insurer may be required,
at
the Fund’s election, to withdraw the Separate Account’s investment in the
Fund. No charge or penalty will be imposed as a result of such
withdrawal. Any such withdrawal must take place within six months
after the Fund gives notice to Insurer that this provision is being implemented,
and until such withdrawal Distributor and the Fund shall continue to accept
and
implement orders by Insurer for the purchase and redemption of shares of the
Fund.
(c) If
a material irreconcilable conflict arises because a particular state insurance
regulator’s decision applicable to Insurer conflicts with the majority of other
state regulators, then Insurer will withdraw the Separate Account’s investment
in the Fund within six months after the Fund’s Board of Directors informs
Insurer that it has determined that such decision has created a material
irreconcilable conflict, and until such withdrawal Distributor and Fund shall
continue to accept and implement orders by Insurer for the purchase and
redemption of shares of the Fund.
(d) Insurer
agrees that any remedial action taken by it in resolving any material
irreconcilable conflict will be carried out at its expense and with a view
only
to the interests of Participants.
(e) For
purposes hereof, a majority of the Disinterested Directors will determine
whether or not any proposed action adequately remedies any material
irreconcilable conflict. In no event, however, will the Fund or
Distributor be required to establish a new funding medium for any
Contracts. Insurer will not be required by the terms hereof to
establish a new funding medium for any Contracts if an offer to do so has been
declined by vote of a majority of Participants materially adversely affected
by
the material irreconcilable conflict.
5.5 Notice
to Insurer.
The
Fund
will promptly make known in writing to Insurer the Board of Directors’
determination of the existence of a material irreconcilable conflict, a
description of the facts that give rise to such conflict and the implications
of
such conflict.
5.6 Information
Requested by Board of Directors.
Insurer
and the Fund will at least annually submit to the Board of Directors of the
Fund
such reports, materials or data as the Board of Directors may reasonably request
so that the Board of Directors may fully carry out the obligations imposed
upon
it by the provisions hereof, and said reports, materials and data will be
submitted at any reasonable time deemed appropriate by the Board of
Directors. All reports received by the Board of Directors of
potential or existing conflicts, and all Board of Directors actions with regard
to determining the existence of a conflict, notifying life insurance companies
utilizing the Fund of a conflict, and determining whether any proposed action
adequately remedies a conflict, will be properly recorded in the minutes of
the
Board of Directors or other appropriate records, and such minutes or other
records will be made available to the SEC upon request.
5.7 Compliance
with SEC Rules.
If,
at
any time during which the Fund is serving an investment medium for variable
life
insurance policies, 1940 Act Rules 6e-3(T) or, if applicable, 6e-2 are amended
or Rule 6e-3 is adopted to provide exemptive relief with respect to mixed and
shared funding, the Parties agree that they will comply with the terms and
conditions thereof and that the terms of this Section 5 shall be deemed modified
if and only to the extent required in order also to comply with the terms and
conditions of such exemptive relief that is afforded by any of said rules that
are applicable.
Section
6. Termination
6.1 Events
of Termination.
Subject
to Section 6.4 below, this Agreement will terminate as to a
Portfolio:
(a) at
the option of Insurer or Distributor upon at least six months
advance written notice to the other Parties, or
(b) at
the option of the Fund upon (i) at least sixty days advance written notice
to
the other parties, and (ii) approval by (x) a majority of the disinterested
Directors upon a finding that a continuation of this Contract is contrary to
the
best interests of the Fund, or (y) a majority vote of the shares of the affected
Portfolio in the corresponding Division of the Separate Account (pursuant to
the
procedures set forth in Section 10 of this Agreement for voting Trust shares
in
accordance with Participant instructions).
(c) at
the option of the Fund upon institution of formal proceedings against Insurer
or
Contracts Distributor by the NASD, the SEC, any state insurance regulator or
any
other regulatory body regarding Insurer’s obligations under this Agreement or
related to the sale of the Contracts, the operation of the Separate Account,
or
the purchase of the Fund shares, if, in each case, the Fund reasonably
determines that such proceedings, or the facts on which such proceedings would
be based, have a material likelihood of imposing material adverse consequences
on the Portfolio to be terminated; or
(d) at
the option of Insurer upon institution of formal proceedings against the Fund,
Adviser, or Distributor by the NASD, the SEC, or any state insurance regulator
or any other regulatory body regarding the Fund’s, Adviser’s or Distributor’s
obligations under this Agreement or related to the operation or management
of
the Fund or the purchase of Fund shares, if, in each case, Insurer reasonably
determines that such proceedings, or the facts on which such proceedings would
be based, have a material likelihood of imposing material adverse consequences
on Insurer, Contracts Distributor or the Division corresponding to the Portfolio
to be terminated; or
(e) at
the option of any Party in the event that (i) the Portfolio’s shares are not
registered and, in all material respects, issued and sold in accordance with
any
applicable state and federal law or (ii) such law precludes the use of such
shares as an underlying investment medium of the Contracts issued or to be
issued by Insurer; or
(f) upon
termination of the corresponding Division’s investment in the Portfolio pursuant
to Section 5 hereof; or
(g) at
the option of Insurer if the Portfolio ceases to qualify as a RIC under
Subchapter M of the Code or under successor or similar provisions;
or
(h) at
the option of Insurer if the Portfolio fails to comply with Section 817(h)
of
the Code or with successor or similar provisions; or
(i) at
the option of Insurer if Insurer reasonably believes that any change in a Fund’s
investment adviser or investment practices will materially increase the risks
incurred by Insurer.
6.2 Funds
to Remain Available.
Except
(i) as necessary to implement Participant-initiated transactions, (ii) as
required by state insurance laws or regulations, (iii) as required pursuant
to
Section 5 of this Agreement, or (iv) with respect to any Portfolio as to which
this Agreement has terminated, Insurer shall not (x) redeem Fund shares
attributable to the Contracts, or (y) prevent Participants from allocating
payments to or transferring amounts from a Portfolio that was otherwise
available under the Contracts, until, in either case, 90 calendar days after
Insurer shall have notified the Fund or Distributor of its intention to do
so.
6.3 Survival
of Warranties and Indemnifications.
All
warranties and indemnifications will survive the termination of this
Agreement.
6.4 Continuance
of Agreement for Certain Purposes.
Notwithstanding
any termination of this Agreement, the Distributor shall continue to make
available shares of the Portfolios pursuant to the terms and conditions of
this
Agreement, for all Contracts in effect on the effective date of termination
of
this Agreement (the “Existing Contracts”), except as otherwise provided under
Section 5 of this Agreement. Specifically, and without
limitation, the Distributor shall facilitate the sale and purchase of shares
of
the Portfolios as necessary in order to process premium payments, surrenders
and
other withdrawals, and transfers or reallocations of values under Existing
Contracts.
Section
7. Parties to Cooperate Respecting Termination
The
other
Parties hereto agree to cooperate with and give reasonable assistance to Insurer
in taking all necessary and appropriate steps for the purpose of ensuring that
the Separate Account owns no shares of a Portfolio after the Final Termination
Date with respect thereto.
Section
8. Assignment
This
Agreement may not
be assigned by any Party, except with the written consent of each
other Party.
Section
9. Notices
Notices
and communications required or permitted by Section 2 hereof will be given
by
means mutually acceptable to the Parties concerned. Each other notice
or communication required or permitted by this Agreement will be given to the
following persons at the following addresses and facsimile numbers, or such
other persons, addresses or facsimile numbers as the Party receiving such
notices or communications may subsequently direct in writing:
Nationwide
Life Insurance Company
Xxx
Xxxxxxxxxx Xxxxx,
00-00-X0
Xxxxxxxx,
XX 00000
Attn: Securities
Officer
Nationwide
Investment Services
Corporation
Two
Xxxxxxxxxx Xxxxx,
00-00-00
Xxxxxxxx,
XX 00000
Attn: Director,
Broker-Dealer Compliance
AllianceBernstein
Investment Research and Management, Inc.
0000
Xxxxxx xx xxx
Xxxxxxxx
Xxx
Xxxx, XX 00000
Attn.:
Xxxxxx X. Xxxxxx
FAX:
(000) 000-0000
Alliance
Capital Management
L.P.
0000
Xxxxxx xx xxx
Xxxxxxxx
Xxx
Xxxx, XX 00000
Attn:
Xxxxxx X. Xxxxxx
FAX:
(000) 000-0000
Section
10. Voting Procedures
Subject
to the cost allocation procedures set forth in Section 3 hereof, Insurer will
distribute all proxy material furnished by the Fund to Participants and will
vote Fund shares in accordance with instructions received from
Participants. Insurer will vote Fund shares that are (a) not
attributable to Participants or (b) attributable to Participants, but for which
no instructions have been received, in the same proportion as Fund shares for
which said instructions have been received from Participants. Insurer
agrees that it will disregard Participant voting instructions only to the extent
it would be permitted to do so pursuant to Rule 6e-3 (T)(b)(15)(iii) under
the
1940 Act if the Contracts were variable life insurance policies subject to
that
rule. Other participating life insurance companies utilizing the Fund
will be responsible for calculating voting privileges in a manner consistent
with that of Insurer, as prescribed by this Section 10.
Section
11. Foreign Tax Credits
The
Adviser agrees to consult in advance with Insurer concerning any decision to
elect or not to elect pursuant to Section 853 of the Code to pass through the
benefit of any foreign tax credits to the Fund’s shareholders.
Section
12. Indemnification
12.1 Of
Fund, Distributor and Adviser by Insurer.
(a) Except
to the extent provided in Sections 12.1(b) and 12.1(c), below, Insurer agrees
to
indemnify and hold harmless the Fund, Distributor and Adviser, each of their
directors and officers, and each person, if any, who controls the Fund,
Distributor or Adviser within the meaning of Section 15 of the 1933 Act
(collectively, the “Indemnified Parties” for purposes of this Section 12. 1)
against any and all losses, claims, damages, liabilities (including amounts
paid
in settlement with the written consent of Insurer) or actions in respect thereof
(including, to the extent reasonable, legal and other expenses), to which the
Indemnified Parties may become subject under any statute, regulation, at common
law or otherwise, insofar as such losses, claims, damages, liabilities or
actions are related to the sale, acquisition, or holding of the Fund’s shares
and:
|
(i)
|
arise
out of or are based upon any untrue statement or alleged untrue statement
of any material fact contained in the Separate Account’s 1933 Act
registration statement or other offering document, the Separate Account
Prospectus, the Contracts or, to the extent prepared by Insurer or
Contracts Distributor, sales literature or advertising for the Contracts
(or any amendment or supplement to any of the foregoing), or arise
out of
or are based upon the omission or the alleged omission to state therein
a
material fact required to be stated therein or necessary to make
the
statements therein not misleading; provided that this agreement to
indemnify shall not apply as to any Indemnified Party if such statement
or
omission or such alleged statement or omission was made in reliance
upon
and in conformity with information furnished to Insurer or Contracts
Distributor by or on behalf of the Fund, Distributor or Adviser for
use in
the Separate Account’s 1933 Act registration statement or other offering
document, the Separate Account Prospectus, the Contracts, or sales
literature or advertising (or any amendment or supplement to any
of the
foregoing); or
|
|
(ii)
|
arise
out of or as a result of any other statements or representations
(other
than statements or representations contained in the Fund’s 1933 Act
registration statement, Fund Prospectus, sales literature or advertising
of the Fund, or any amendment or supplement to any of the foregoing,
not
supplied for use therein by or on behalf of Insurer or Contracts
Distributor) or the negligent, illegal or fraudulent conduct of Insurer
or
Contracts Distributor or persons under their control (including,
without
limitation, their employees and “Associated Persons,” as that term is
defined in paragraph (m) of Article I of the NASD’s By-Laws), in
connection with the sale or distribution of the Contracts or Fund
shares;
or
|
|
(iii)
|
arise
out of or are based upon any untrue statement or alleged untrue statement
of any material fact contained in the Fund’s 1933 Act registration
statement, Fund Prospectus, sales literature or advertising of the
Fund,
or any amendment or supplement to any of the foregoing, or the omission
or
alleged omission to state therein a material fact required to be
stated
therein or necessary to make the statements therein not misleading
if such
a statement or omission was made in reliance upon and in conformity
with
information furnished to the Fund, Adviser or Distributor by or on
behalf
of Insurer or Contracts Distributor for use in the Fund’s 1933 Act
registration statement, Fund Prospectus, sales literature or advertising
of the Fund, or any amendment or supplement to any of the foregoing;
or
|
|
(iv)
|
arise
as a result of any failure by Insurer or Contracts Distributor to
perform
the obligations, provide the services and furnish the materials required
of them under the terms of this
Agreement.
|
(b) Insurer
shall not be liable under this Section 12.1 with respect to any losses, claims,
damages, liabilities or actions to which an Indemnified Party would otherwise
be
subject by reason of willful misfeasance, bad faith, or gross negligence in
the
performance by that Indemnified Party of its duties or by reason of that
Indemnified Party’s reckless disregard of obligations or duties under this
Agreement or to Distributor or to the Fund.
(c) Insurer
shall not be liable under this Section 12.1 with respect to any action against
an Indemnified Party unless the Fund, Distributor or Adviser shall have notified
Insurer in writing within a reasonable time after the summons or other first
legal process giving information of the nature of the action shall have been
served upon such Indemnified Party (or after such Indemnified Party shall have
received notice of such service on any designated agent), but failure to notify
Insurer of any such action shall not relieve Insurer from any liability which
it
may have to the Indemnified Party against whom such action is brought otherwise
than on account of this Section 12. 1. In case any such action is brought
against an Indemnified Party, Insurer shall be entitled to participate, at
its
own expense, in the defense of such action. Insurer also shall be
entitled to assume the defense thereof, (which shall include, without
limitation, the conduct of any ruling request and closing agreement or other
settlement proceeding with the Internal Revenue Service) with counsel approved
by the Indemnified Party named in the action, which approval shall not be
unreasonably withheld. After notice from Insurer to such Indemnified
Party of Insurer’s election to assume the defense thereof, the Indemnified Party
will cooperate fully with Insurer and shall bear the fees and expenses of any
additional counsel retained by it, and Insurer will not be liable to such
Indemnified Party under this Agreement for any legal or other expenses
subsequently incurred by such Indemnified Party independently in connection
with
the defense thereof, other than reasonable costs of investigation.
12.2 Indemnification
of Insurer and Contracts Distributor by Adviser.
(a) Except
to the extent provided in Sections 12.2(d) and 12.2(e), below, Adviser agrees
to
indemnify and hold harmless Insurer and Contracts Distributor, each of their
directors and officers, and each person, if any, who controls Insurer or
Contracts Distributor within the meaning of Section 15 of the 1933 Act
(collectively, the “Indemnified Parties” for purposes of this Section 12.2)
against any and all losses, claims, damages, liabilities (including amounts
paid
in settlement with the written consent of Adviser) or actions in respect thereof
(including, to the extent reasonable, legal and other expenses) to which the
Indemnified Parties may become subject under any statute, at common law or
otherwise, insofar as such losses, claims, damages, liabilities or actions
are
related to the sale, acquisition, or holding of the Fund’s shares
and:
|
(i)
|
arise
out of or are based upon any untrue statement or alleged untrue statement
of any material fact contained in the Fund’s 1933 Act registration
statement, Fund Prospectus, sales literature or advertising of the
Fund
or, to the extent not prepared by Insurer or Contracts Distributor,
sales
literature or advertising for the Contracts (or any amendment or
supplement to any of the foregoing), or arise out of or are based
upon the
omission or the alleged omission to state therein a material fact
required
to be stated therein or necessary to make the statements therein
not
misleading; provided that this agreement to indemnify shall not apply
as
to any Indemnified Party if such statement or omission or such alleged
statement or omission was made in reliance upon and in conformity
with
information furnished to Distributor, Adviser or the Fund by or on
behalf
of Insurer or Contracts Distributor for use in the Fund’s 1933 Act
registration statement, Fund Prospectus, or in sales literature or
advertising (or any amendment or supplement to any of the foregoing);
or
|
|
(ii)
|
arise
out of or as a result of any other statements or representations
(other
than statements or representations contained in the Separate Account’s
1933 Act registration statement or other offering document, Separate
Account Prospectus, sales literature or advertising for the Contracts,
or
any amendment or supplement to any of the foregoing, not supplied
for use
therein by or on behalf of Distributor, Adviser, or the Fund) or
the
negligent, illegal or fraudulent conduct of the Fund, Distributor,
Adviser
or persons under their control (including, without limitation, their
employees and Associated Persons), in connection with the sale or
distribution of the Contracts or Fund shares;
or
|
|
(iii)
|
arise
out of or are based upon any untrue statement or alleged untrue statement
of any material fact contained in the Separate Account’s 1933 Act
registration statement or other offering document, Separate Account
Prospectus, sales literature or advertising covering the Contracts,
or any
amendment or supplement to any of the foregoing, or the omission
or
alleged omission to state therein a material fact required to be
stated
therein or necessary to make the statements therein not misleading,
if
such statement or omission was made in reliance upon and in conformity
with information furnished to Insurer or Contracts Distributor by
or on
behalf of the Fund, Distributor or Adviser for use in the Separate
Account’s 1933 Act registration statement, Separate Account Prospectus,
sales literature or advertising covering the Contracts, or any amendment
or supplement to any of the foregoing;
or
|
|
(iv)
|
arise
as a result of any failure by the Fund, Adviser or Distributor to
perform
the obligations, provide the services and furnish the materials required
of them under the terms of this
Agreement;
|
(b) Except
to the extent provided in Sections 12.2(d) and 12.2(e) hereof, Adviser agrees
to
indemnify and hold harmless the Indemnified Parties from and against any and
all
losses, claims, damages, liabilities (including amounts paid in settlement
thereof with, except as set forth in Section 12.2(c) below, the written consent
of Adviser) or actions in respect thereof (including, to the extent reasonable,
legal and other expenses) to which the Indemnified Parties may become subject
directly or indirectly under any statute, at common law or otherwise, insofar
as
such losses, claims, damages, liabilities or actions directly or indirectly
result from or arise out of the failure of any Portfolio to operate as a
regulated investment company in compliance with (i) Subchapter M of the Code
and
regulations thereunder and (ii) Section 817(h) of the Code and regulations
thereunder (except to the extent that such failure is caused by Insurer),
including, without limitation, any income taxes and related penalties,
rescission charges, liability under state law to Contract owners or Participants
asserting liability against Insurer or Contracts Distributor pursuant to the
Contracts, the costs of any ruling and closing agreement or other settlement
with the Internal Revenue Service, and the cost of any substitution by Insurer
of shares of another investment company or portfolio for those of any adversely
affected Portfolio as a funding medium for the Separate Account that Insurer
deems necessary or appropriate as a result of the noncompliance.
(c) The
written consent of Adviser referred to in Section 12.2(b) above shall not be
required with respect to amounts paid in connection with any ruling and closing
agreement or other settlement with the Internal Revenue Service.
(d) Adviser
shall not be liable under this Section 12.2 with respect to any losses, claims;
damages, liabilities or actions to which an Indemnified Party would otherwise
be
subject by reason of willful misfeasance, bad faith, or gross negligence in
the
performance by that Indemnified Party of its duties or by reason of such
Indemnified Party’s reckless disregard of its obligations and duties under this
Agreement or to Insurer, Contracts Distributor or the Separate
Account.
(e) Adviser
shall not be liable under this Section 12.2 with respect to any action against
an Indemnified Party unless Insurer or Contracts Distributor shall have notified
Adviser in writing within a reasonable time after the summons or other first
legal process giving information of the nature of the action shall have been
served upon such Indemnified Party (or after such Indemnified Party shall have
received notice of such service on any designated agent), but failure to notify
Adviser of any such action shall not relieve Adviser from any liability which
it
may have to the Indemnified Party against whom such action is brought otherwise
than on account of this Section 12.2. In case any such action is brought against
an Indemnified Party, Adviser will be entitled to participate, at its own
expense, in the defense of such action. Adviser also shall be
entitled to assume the defense thereof (which shall include, without limitation,
the conduct of any ruling request and closing agreement or other settlement
proceeding with the Internal Revenue Service), with counsel approved by the
Indemnified Party named in the action, which approval shall not be unreasonably
withheld. After notice from Adviser to such Indemnified Party of
Adviser’s election to assume the defense thereof, the Indemnified Party will
cooperate fully with Adviser and shall bear the fees and expenses of any
additional counsel retained by it, and Adviser will not be liable to such
Indemnified Party under this Agreement for any legal or other expenses
subsequently incurred by such Indemnified Party independently in connection
with
the defense thereof, other than reasonable costs of investigation.
12.3 Effect
of Notice.
Any
notice given by the indemnifying Party to an Indemnified Party referred to
in
Section 12.1(c) or 12.2(e) above of participation in or control of any
action by the indemnifying Party will in no event be
deemed to be an admission by the indemnifying Party of liability, culpability
or
responsibility, and the indemnifying Party will remain free to contest liability
with respect to the claim among the Parties or otherwise.
Section
13. Applicable Law
This
Agreement will be construed and the provisions hereof interpreted under and
in
accordance with New York law, without regard for that state’s principles of
conflict of laws.
Section
14. Execution in Counterparts
This
Agreement may be executed simultaneously in two or more counterparts, each
of
which taken together will constitute one and the same instrument.
Section
15. Severability
If
any
provision of this Agreement is held or made invalid by a court decision,
statute, rule or otherwise, the remainder of this Agreement will not be affected
thereby.
Section
16. Rights Cumulative
The
rights, remedies and obligations contained in this Agreement are cumulative
and
are in addition to any and all rights, remedies and obligations, at law or
in
equity, that the Parties are entitled to under federal and state
laws.
Section
17. Restrictions on Sales of Fund Shares
Insurer
agrees that the Fund will be permitted (subject to the other terms of
this
Agreement)
to make its shares available to separate accounts of other life insurance
companies.
Section
18. Headings
The
Table
of Contents and headings used in this Agreement are for purposes of reference
only and shall not limit or define the meaning of the provisions of this
Agreement.
IN
WITNESS WHEREOF, the Parties have caused this Agreement to be executed in their
names and on their behalf by and through their duly authorized officers signing
below.
|
NATIONWIDE
LIFE INSURANCE COMPANY,
|
|
By:
|
|
Name:
Xxxxxxx X. Xxxxxx
|
|
Title: Vice
President
|
|
NATIONWIDE
INVESTMENT SERVICES CORPORATION
|
|
By:
|
|
Name:
Xxxxxxx X. Xxxxxx
|
|
Title: Senior
Vi[c]e President
|
ALLIANCE
CAPITAL MANAGEMENT LP
By: Alliance
Capital Management Corporation,
its
General Partner
|
By:
|
|
Name:
Xxxxxx X. Xxxxxx, Xx.
|
|
Title: Vice
President
|
|
ALLIANCEBERNSTEIN
INVESTMENT RESEARCH AND MANAGEMENT,
INC.
|
|
By:
|
|
Name: Xxxxxxx
X. Xxxxx
|
|
Title: Senior
Vice President and
Managing Director
|
|
Exhibit
A
|
|
Specific
Contracts
|
PRODUCT
|
VARIABLE
ACCOUNT
|
COMPANY
|
33
Act Num
|
The
Soloist
|
Nationwide
Variable Account
|
Nationwide
Life
|
002-58043
|
MFS
Annuity
|
MFS
Variable Account
|
Nationwide
Life
|
002-73432
|
BOA
IV
|
Nationwide
Variable Account - II
|
Nationwide
Life
|
002-75059
|
NEA
Valuebuilder
|
Multi-Flex
Variable Account
|
Nationwide
Life
|
002-75174
|
American
Capital SPVL
|
Nationwide
VLI Sep Acct
|
Nationwide
Life
|
033-00145
|
BOA
SPVL
|
Nationwide
VLI Sep Acct - 2
|
Nationwide
Life
|
033-16999
|
American
Capital AO
|
Nationwide
Variable Account - 3
|
Nationwide
Life
|
033-18422
|
Multi-Flex
Annuity
|
Multi-Flex
Variable Account
|
Nationwide
Life
|
033-23905
|
American
Capital NY
|
Nationwide
Variable Account - 3
|
Nationwide
Life
|
033-24434
|
Xxxxx
Xxxxxx AO
|
Nationwide
Variable Account - 4
|
Nationwide
Life
|
033-25734
|
Xxxxx
Xxxxxx NY
|
Nationwide
Variable Account - 4
|
Nationwide
Life
|
033-26454
|
DCVA
II
|
Nationwide
DCVA II
|
Nationwide
Life
|
333-12369
|
Evergreen
Ultra Advantage Plus
|
Nationwide
Variable Account - 6
|
Nationwide
Life
|
333-21909
|
BOA
COLI
|
Nationwide
VLI Sep Acct - 2
|
Nationwide
Life
|
333-27133
|
BOA
Future
|
Nationwide
Variable Account - 9
|
Nationwide
Life
|
333-28995
|
BOA
TNG
|
Nationwide
VLI Sep Acct - 4
|
Nationwide
Life
|
333-31725
|
COLI
Future
|
Nationwide
VLI Sep Acct - 4
|
Nationwide
Life
|
333-43671
|
Xxxxxxx
& Xxxx Next Gen
|
Nationwide
VLI Sep Acct - 5
|
Nationwide
Life
|
333-46338
|
Xxxxxxx
& Xxxx Last Survivor
|
Nationwide
VLI Sep Acct - 5
|
Nationwide
Life
|
333-46412
|
BOA
Exclusive II
|
Nationwide
Variable Account - 9
|
Nationwide
Life
|
333-52579
|
BOA
MSPVL Future
|
Nationwide
VLI Sep Acct - 4
|
Nationwide
Life
|
333-52615
|
BOA
Last Survivor 2
|
Nationwide
VLI Sep Acct - 4
|
Nationwide
Life
|
333-52617
|
BOA
Choice
|
Nationwide
Variable Account - 9
|
Nationwide
Life
|
333-53023
|
BOA
Advantage FPVUL
|
Nationwide
VLI Sep Acct - 4
|
Nationwide
Life
|
333-53728
|
BOA
V
|
Nationwide
Variable Account - 9
|
Nationwide
Life
|
333-56073
|
American
Capital Multiple Pay
|
Nationwide
VLI Sep Acct
|
Nationwide
Life
|
033-35698
|
BOA
Multiple Pay
|
Nationwide
VLI Sep Acct - 2
|
Nationwide
Life
|
033-35783
|
MarketFlex
Annuity
|
Nationwide
Variable Account - 4
|
Nationwide
Life
|
333-62692
|
Xxxxxxx
& Xxxx Advantage
|
Nationwide
VLI Sep Acct - 5
|
Nationwide
Life
|
333-66572
|
Elite
Pro LTD.
|
Nationwide
Variable Account - 9
|
Nationwide
Life
|
333-69014
|
Future
Protection
|
Nationwide
VLI Sep Acct - 4
|
Nationwide
Life
|
333-69160
|
Federated
Class A
|
Nationwide
Variable Account - 11
|
Nationwide
Life
|
333-74904
|
Federated
Class B
|
Nationwide
Variable Account - 11
|
Nationwide
Life
|
333-74908
|
Elite
Pro Classic
|
Nationwide
Variable Account - 9
|
Nationwide
Life
|
333-75360
|
IVA
|
Nationwide
Variable Account - 9
|
Nationwide
Life
|
333-79327
|
Successor
|
Nationwide
Variable Account
|
Nationwide
Life
|
333-80481
|
InvestCare
|
Nationwide
Variable Account - 10
|
Nationwide
Life
|
333-81701
|
BOA
Last Survivor 3
|
Nationwide
VLI Sep Acct - 4
|
Nationwide
Life
|
333-94037
|
BOA
FPVUL
|
Nationwide
VLI Sep Acct - 2
|
Nationwide
Life
|
033-42180
|
American
Capital FPVUL
|
Nationwide
VLI Sep Acct
|
Nationwide
Life
|
033-44290
|
Multi-Flex
FPVUL
|
Nationwide
VLI Sep Acct - 3
|
Nationwide
Life
|
033-44296
|
Multi-Flex
SPVL
|
Nationwide
VLI Sep Acct - 3
|
Nationwide
Life
|
033-44789
|
MVA
|
Nationwide
Multiple Maturity VA
|
Nationwide
Life
|
033-58997
|
NEBA
|
Nationwide
Variable Account - II
|
Nationwide
Life
|
033-60063
|
Nationwide
Public Funds/ XXX
|
Nationwide
Variable Account
|
Nationwide
Life
|
033-60239
|
Vision
Plus
|
Nationwide
Variable Account - 8
|
Nationwide
Life
|
033-62637
|
Vision
N.Y.
|
Nationwide
Variable Account - 8
|
Nationwide
Life
|
033-62659
|
BOA
MSPVL
|
Nationwide
VLI Sep Acct - 2
|
Nationwide
Life
|
033-62795
|
BOA
Last Survivor
|
Nationwide
VLI Sep Acct - 2
|
Nationwide
Life
|
033-63179
|
BOA
VISION
|
Nationwide
Variable Account - II
|
Nationwide
Life
|
033-67636
|
Citibank
|
Nationwide
Variable Account - 5
|
Nationwide
Life
|
033-71440
|
Fidelity
Select
|
Nationwide
Variable Account - 7
|
Nationwide
Life
|
033-82174
|
Fidelity
Classic
|
Nationwide
Variable Account - 7
|
Nationwide
Life
|
033-82190
|
Evergreen
Ultra Advantage
|
Nationwide
Variable Account - 6
|
Nationwide
Life
|
033-82370
|
All
American Annuity
|
Nationwide
Variable Account - 7
|
Nationwide
Life
|
033-89560
|
Advisor
Variable Annuity
|
Nationwide
Variable Account - 13
|
Nationwide
Life
|
333-91890
|
00250.0073
#427606