Exhibit 99.B(h)(7)(iii)
AMENDMENT TO PARTICIPATION AGREEMENT
AMONG
ING PARTNERS, INC.
ING LIFE INSURANCE AND ANNUITY COMPANY
ING FINANCIAL ADVISERS, LLC
AND
ING INSURANCE COMPANY OF AMERICA
This Amendment is dated as of 1st day of November, 2004 by and between ING
Partners, Inc. (the "Fund"), ING Life Insurance and Annuity Company (the
"Adviser"), ING Financial Advisers, LLC (the "Distributor") and ING Insurance
Company of America (the "Company") (collectively, the "Parties").
WHEREAS, the Parties entered into a Participation Agreement on December 5,
2001 (the "Agreement") and subsequently amended the Agreement on March 5, 2002
and May 1, 2003;
WHEREAS, the Parties desire to further amend said Agreement in the manner
hereinafter set forth:
NOW THEREFORE, the parties hereby amend the Agreement in the following
form:
1. By replacing the existing Schedule B with the Schedule B attached
hereto.
2. All of the other provisions contained in the Agreement shall remain in
full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed by their duly authorized signatories as of the date and year first
above written.
ING PARTNERS, INC. ING LIFE INSURANCE AND ANNUITY COMPANY
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
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▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
President Vice President
ING FINANCIAL ADVISERS, LLC ING INSURANCE COMPANY OF AMERICA
By: /s/ Terran ▇. ▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
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Name: Terran ▇. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
-------------------------- President
Title: VP, Advisory Services
--------------------------
SCHEDULE B
ING PARTNERS, INC.
DESIGNATED PORTFOLIOS
ING Aeltus Enhanced Index Portfolio - Initial, Adviser and Service Class
ING ▇▇▇▇▇ Growth Portfolio - Initial, Adviser and Service Class
ING ▇▇▇▇▇ Aggressive Growth Portfolio - Initial, Adviser and Service Class
ING ▇▇▇▇▇ Capital Appreciation Portfolio - Initial, Adviser and Service Class
ING American Century Small Cap Value Portfolio - Initial, Adviser and
Service Class
ING Baron Small Cap Growth Portfolio - Initial, Adviser and Service Class
ING Fidelity(R) VIP Contrafund(R) Portfolio** - Initial, Adviser and
Service Class
ING Fidelity(R) VIP Growth Portfolio - Initial, Adviser and Service Class
ING Fidelity(R) VIP Value Strategies Portfolio - Initial, Adviser and
Service Class
ING Fidelity(R) VIP Equity-Income Portfolio - Initial, Adviser and Service Class
ING Fidelity(R) VIP Mid Cap Portfolio - Initial, Adviser and Service Class
ING ▇▇▇▇▇▇▇ ▇▇▇▇▇(R) Capital Growth Portfolio* - Initial, Adviser and
Service Class
ING ▇▇▇▇▇▇▇ Sachs(R) Core Equity Portfolio* - Initial, Adviser and Service Class
ING JPMorgan ▇▇▇▇▇▇▇ International Portfolio - Initial, Adviser and
Service Class
ING JPMorgan Mid Cap Value Portfolio - Initial, Adviser and Service Class
ING MFS Capital Opportunities Portfolio - Initial, Adviser and Service Class
ING MFS Global Growth Portfolio - Initial, Adviser and Service Class
ING OpCap Balanced Value Portfolio - Initial, Adviser and Service Class
ING ▇▇▇▇▇▇▇▇▇▇▇ Strategic Income Portfolio - Initial, Adviser and Service Class
ING PIMCO Total Return Portfolio - Initial, Adviser and Service Class
ING Salomon Brothers Aggressive Growth Portfolio - Initial, Adviser and
Service Class
ING Salomon Brothers Investors Value Portfolio - Initial, Adviser and
Service Class
ING Salomon Brothers Fundamental Value Portfolio - Initial, Adviser and
Service Class
ING ▇. ▇▇▇▇ Price Growth Equity Portfolio - Initial, Adviser and Service Class
ING UBS U.S. Allocation Portfolio - Initial, Adviser and Service Class
ING UBS U.S. Large Cap Equity Portfolio - Initial, Adviser and Service Class
ING ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Portfolio - Initial, Adviser and Service Class
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*▇▇▇▇▇▇▇ Sachs(R) is a registered service ▇▇▇▇ of ▇▇▇▇▇▇▇, ▇▇▇▇▇ & Co., and it
is used by agreement with ▇▇▇▇▇▇▇, Sachs & Co.
** Fidelity(R) and Contrafund(R) are registered trademarks of FMR Corp.
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