EXHIBIT 3(C)(II)
Schedule A-1 - Platinum Investor Variable Annuity
Control Date - April 1, 1999
AMERICAN GENERAL LIFE INSURANCE COMPANY
CONTRACTS COVERED BY THIS AGREEMENT
REGISTRATION FORMS SEPARATE
CONTRACT NAME AND NUMBERS ACCOUNT
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Platinum Investor Variable Annuity Form N-4 D
Nos. 811-2441
333-70667
SCHEDULE B-1 - PLATINUM INVESTOR VARIABLE ANNUITY
CONTROL DATE - APRIL 1, 1999
AMERICAN GENERAL SECURITIES INCORPORATED AND
AMERICAN GENERAL LIFE INSURANCE COMPANY
This Schedule B-1 is attached to and made a part of the Selling Group Agreement
("Agreement") to which it is attached. It is subject to the terms and
conditions of the Agreement. In no event shall AGL be liable for the payment of
any commission with respect to any solicitation made, in whole or in part, by
any person not appropriately licensed and appointed prior to the commencement of
such solicitation.
A commission will be paid to Associated Agency in the amount of: (1) 7% of the
aggregate Purchase Payments received and accepted by AGL with a properly
completed application or as subsequent Purchase Payments under the Contracts
after the Contract is in force; (2) 5.0% of such aggregate Purchase Payments,
plus a 0.25% trail commission commencing at the end of the 12th month after
receipt of the initial Purchase Payment and continuing through the end of the
sixth year following receipt of the Purchase Payments, followed by a 1.0% trail
commission commencing at the end of the third month of the seventh year
following receipt of the initial Purchase Payment; or (3) 1.0% of such aggregate
Purchase Payments, plus a 1.0% trail commission commencing at the end of the
12th month after receipt of the initial Purchase Payment.
"Trail commission" refers to an amount equal to an annual percentage of the
Contract Account Value. Trail commissions will be initially calculated as of
the date specified in the above paragraph. Once trail commissions have
commenced, trail commissions shall be computed on each quarterly contract
anniversary by multiplying 0.0625% (in the case of a 0.25% trail commission),
0.25% (in the case of a 1.0% trail commission) by the Contract Account Value
computed on each quarterly contract anniversary. Trail commissions shall be
paid at the calendar quarter end which follows the computation of the trail
commission. Trail commissions shall continue until annuitization, surrender, or
death which requires distribution of the Contract Account Value.
Commission Reductions:
(a) FREE LOOK. If a Contract is returned to AGL pursuant to the "Free Look"
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provision of the Contract, the full commission paid by AGL will be returned
to AGL or, in the absence of such return, charged back to Associated
Agency.
(b) REDUCTIONS FOR PURCHASE PAYMENTS AT AGE 81 AND LATER. A 50% commission
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reduction shall apply with respect to Purchase Payments made on or after
the Annuitant's eighty-first birthday (regardless of whether the Contract
has a Contingent Annuitant). Such commission reduction is not applicable
to trail commissions.
(c) CHARGEBACKS FOR WITHDRAWALS. The following commission chargebacks shall
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apply on full or partial withdrawals: (excluding withdrawals made pursuant
to the Systematic Withdrawal Program that are within the 20% Free
Withdrawal Privilege, as defined in the Contract):
. 100% for full or partial withdrawal of a Purchase Payment made during
the first six months following its receipt; and
. 50% for full or partial withdrawal of a Purchase Payment made during
the next six months following its receipt.
. if the Contract is annutized within the first 24 months following
issue date, a 50% commission chargeback will will be assessed..
In no event shall any commission adjustment or chargeback be assessed for
termination of a Contract because of the death of the Annuitant or Owner
during the periods specified above.
(d) NO COMPENSATION PAYABLE. No compensation shall be payable:
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if AGL, in its sole discretion, determines not to issue the Contract
applied for or rescinds the Contract;
if AGL refunds all or any portion of the Purchase Payments as a result
of a complaint or grievance; or
if AGL determines that a Purchase Payment made within 60 days
following a prior partial withdrawal, including systematic
withdrawals, is reasonably believed to be a reinvestment of part or
all of the prior partial withdrawal.
if the Owner, at the time the Contract is purchased, is (i) an
employee or registered representative (or the spouse or minor child of
an employee or registered representative) of any broker-dealer
authorized to sell the Contracts, or (ii) is an officer, director, or
bona-fide employee of AGL or any of its company affiliates, or
Distributor; provided, however, that the Owner shall have completed,
at the time the Contract is purchased, appropriate documents supplied
by AGL which provide for a waiver of all surrender charges.
Associated Agency agrees to promptly deliver Contracts and holds AGL harmless
from and against any claim arising from market loss to the owner of the Contract
resulting from late delivery by Associated Agency.
Unless otherwise agreed, Associated Agency shall forward to AGL the first full
payment collected by Associated Agency, without deduction for compensation.
