EXHIBIT (8)(a)(14) AMENDMENT No. 44 TO PARTICIPATION AGREEMENT (TST)
EXHIBIT (8)(a)(14)
AMENDMENT No. 44 TO
(TST)
AMENDMENT NO. 44 TO
PARTICIPATION AGREEMENT AMONG
TRANSAMERICA SERIES TRUST,
TRANSAMERICA LIFE INSURANCE COMPANY,
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY, AND
MONUMENTAL LIFE INSURANCE COMPANY
The Participation Agreement, dated July 1, 1992, as amended (“Agreement”) among Transamerica Series Trust (the “Fund”), Transamerica Life Insurance Company (“Transamerica”), Transamerica Financial Life Insurance Company (“TFLIC”), and Monumental Life Insurance Company (“Monumental”), (herein collectively, “the Companies”), is hereby amended as follows:
| 1. | A new Article XIV. is hereby added to the Agreement as follows: |
Article XIV. Summary Prospectus
Should the Fund and the Companies desire to distribute the prospectuses of the funds within the Fund pursuant to Rule 498 of the Securities Act of 1933, as amended, (“Rule 498”), the roles and responsibilities of the Parties to the Agreement (the “Parties”), for complying with Rule 498 and other applicable laws, are set forth as follows:
| 14.1 |
For purposes of this Article XIV., the terms “Summary Prospectus” and “Statutory Prospectus” shall have the same meaning as set forth in Rule 498. | |||
| 14.2 |
The Fund shall provide, or cause to provide, the Companies with copies of the Summary Prospectuses in the same manner and at the same times as the Participation Agreement requires that the Fund provide the Companies with Statutory Prospectuses. If the Fund makes any changes to the Summary Prospectus by way of a filing pursuant to Rule 497, under the Securities Act of 1933, unless the Parties agree otherwise, the Fund shall, instead of providing the Companies with a revised Summary Prospectus, provide the Companies with a supplement setting forth the changes in the Rule 497 filing. | |||
| 14.3 |
The Fund shall be responsible for compliance with Rule 498(e). | |||
| 14.4 |
The Fund represents and warrants that the Summary Prospectuses and the web site hosting of such Summary Prospectuses will comply with the requirements of Rule 498 applicable to the Fund and its series. The Fund further represents and warrants that it has reasonable policies and procedures in place to ensure that such web site complies with Rule 498. | |||
| 14.5 |
The Fund agrees that the URL indicated on each Summary Prospectus will lead policyholders/contract owners directly to the web page used for hosting Summary Prospectuses (the “Landing Page”) and that such web page will host the current Fund and series’ documents required to be posted in compliance with Rule 498. The Fund shall promptly notify the Companies of any interruptions in availability of this Landing Page that last more than 24 hours. Such Landing Page will contain the investment options available under the Agreement. | |||
| 14.6 |
The Fund represents and warrants that it will be responsible for compliance with the provisions of Rule 498(f)(i) involving policyholder/contract owner requests for additional Fund documents made directly to the Fund. The Fund further represents and warrants that any information obtained about | |||
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| policyholders/contract owners pursuant to this provision will be used solely for the purposes of responding to requests for additional Fund documents. | ||||
| 14.7 |
The Companies represent and warrant that they will respond to requests for additional fund documents made by policyholders/contract owners directly to the Companies or one of their affiliates. | |||
| 14.8 |
Companies represent and warrant that any binding together of Summary Prospectuses and/or Statutory Prospectuses will be done in compliance with Rule 498. | |||
| 14.9 |
If the Fund determines that it will end its use of the Summary Prospectus delivery option, the Fund will provide the Companies with reasonable advance notice of its intent. | |||
| 14.10 |
The Parties agree that the Companies are not required to distribute Summary Prospectuses to their policyholders/contract owners, but rather that the use of the Summary Prospectus will be at the discretion of the Companies. The Companies agree that they will give the Fund reasonable advance notice of their intended use of the Summary Prospectuses or the Statutory Prospectuses. | |||
| 14.11 |
The Parties agree that all other provisions of the Participation Agreement, including the Indemnification provisions, will apply to the terms of this Article XIV, as applicable. | |||
| 2. | Schedule A of the Agreement is deleted in its entirety and replaced with the following Amended Schedule A: |
AMENDED SCHEDULE A
Effective May 1, 2011
Account(s), Policy(ies) and Portfolio(s)
Subject to the Participation Agreement
| Accounts: |
Separate Account VA B | |
| Separate Account VA BNY | ||
| Mutual Fund Account | ||
| Separate Account VA A | ||
| Separate Account VA C | ||
| Separate Account VA CC | ||
| Separate Account VA D | ||
| Separate Account VA EE | ||
| Retirement Builder Variable Annuity Account | ||
| TFLIC Separate Account C | ||
| Separate Account VUL-A | ||
| TFLIC Series Life Account | ||
| TFLIC Series Annuity Account | ||
| Separate Account VA E | ||
| Separate Account VA F | ||
| Separate Account VUL-1 of Transamerica Life insurance Company | ||
| Separate Account VUL-2 of Transamerica Life insurance Company | ||
| Separate Account VUL-3 of Transamerica Life insurance Company | ||
| Separate Account VUL-4 of Transamerica Life insurance Company |
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| Accounts (continued): | ||
| Separate Account VUL-5 of Transamerica Life insurance Company | ||
| Separate Account VUL-6 of Transamerica Life insurance Company | ||
| Separate Account VA-8 | ||
| Separate Account VA J | ||
| TA PPVUL 1 | ||
| Separate Account VA K | ||
| Separate Account VA-2LNY | ||
| Separate Account VA-2L | ||
| Separate Account VL A | ||
| AES Private Placement VA Separate Account | ||
| Separate Account VA L | ||
| Separate Account VA P | ||
| PFL Corporate Account One | ||
| Separate Account VA R | ||
| Separate Account VA S | ||
| Separate Account VA Q | ||
| Separate Account VA HNY | ||
| Separate Account VA QNY | ||
| Separate Account VA W | ||
| Separate Account VA WNY | ||
| Separate Account VA YNY | ||
| TFLIC Separate Account VNY | ||
| Separate Account VA X | ||
| Separate Account VA Y | ||
| Separate Account VA-6 | ||
| Separate Account VA-6NY | ||
| Separate Account VA-7 | ||
| Separate Account VL | ||
| Transamerica Occidental Separate Account Two | ||
| Transamerica Corporate Separate Account Sixteen | ||
| Separate Account Fund B | ||
| Separate Account Fund C | ||
| Separate Account VA X | ||
| Separate Account VA PP | ||
| Separate Account VA FF | ||
| Policies: | ||
| Transamerica LandmarkSM Variable Annuity | ||
| Transamerica LandmarkSM NY Variable Annuity | ||
| The Atlas Portfolio Builder Variable Annuity | ||
| Transamerica ExtraSM Variable Annuity | ||
| Transamerica Access Variable Annuity | ||
| Retirement Income Builder II Variable Annuity | ||
| Advisor’s Edge® Variable Annuity | ||
| Advisors’s Edge Select® Variable Annuity | ||
| Advisor’s Edge® NY Variable Annuity | ||
| Legacy Builder Plus | ||
| TFLIC Financial Freedom Builder | ||
| Transamerica Elite | ||
| Privilege Select Variable Annuity | ||
| Estate Enhancer Variable Life | ||
| TransMark Optimum Choice® Variable Annuity | ||
| TFLIC Freedom Elite Builder | ||
| TFLIC Freedom PremierSM | ||
| Immediate Income Builder II | ||
| Premier Asset Builder Variable Annuity | ||
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| Policies (continued): | TFLIC Freedom Wealth Protector | |
| Advantage V | ||
| Retirement Income Builder Variable Annuity | ||
| Retirement Income Builder – BAI Variable Annuity | ||
| Dreyfus/Transamerica Triple Advantage® Variable Annuity (NY) | ||
| Dreyfus/Transamerica Triple Advantage® Variable Annuity | ||
| Advisor’s Edge Select Private Placement | ||
| Transamerica Preferred Advantage Variable Annuity | ||
| Portfolio Select Variable AnnuitySM | ||
| Flexible Premium Variable Annuity – A | ||
| Flexible Premium Variable Annuity – B | ||
| Flexible Premium Variable Annuity – C | ||
| Flexible Premium Variable Annuity – D | ||
| Flexible Premium Variable Annuity – E | ||
| Flexible Premium Variable Annuity – G | ||
| TFLIC Freedom Elite Builder II | ||
| Flexible Premium Variable Annuity – H | ||
| Advisor’s Edge® NY Variable Annuity | ||
| Flexible Premium Variable Annuity – I | ||
| Flexible Premium Variable Annuity – J | ||
| Flexible Premium Variable Annuity – N | ||
| Flexible Premium Variable Annuity – O | ||
| Flexible Premium Variable Annuity – P | ||
| Flexible Premium Variable Annuity – R | ||
| Flexible Premium Variable Annuity – S, under marketing name “DWS Personal Pension Variable Annuity” | ||
| Flexible Premium Variable Annuity – T under marketing name “DWS Personal Pension Variable Annuity” | ||
| Transamerica FreedomSM Variable Annuity | ||
| TransAccumulator® VUL | ||
| TransAccumulator® VUL II | ||
| TransUltra® VUL | ||
| Transamerica Classic® Variable Annuity (NY) | ||
| Transamerica Classic® Variable Annuity | ||
| Transamerica Catalyst® Variable Annuity | ||
| Transamerica Bounty® Variable Annuity | ||
| Inheritance Builder Plus | ||
| TransEquity® | ||
| TransEquity II | ||
| Advantaage VI | ||
| Advantage SE | ||
| Advantage X | ||
| TransSurvivorSM VUL | ||
| Transamerica Lineage® | ||
| Transamerica Tribute® | ||
| Fund B | ||
| Fund C | ||
| The One® Income AnnuitySM | ||
| MEMBERS® LandmarkSM Variable Annuity | ||
| MEMBERS® FreedomSM Variable Annuity | ||
| MEMBERS® ExtraSM Variable Annuity | ||
| MEMBERS® LibertySM Variable Annuity | ||
| Transamerica SecurePath® for Life Product |
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| Portfolios: | Transamerica Series Trust – each Portfolio has an Initial Class and a Service Class of Shares | |
| except as noted. | ||
| Transamerica AEGON Active Asset Allocation – Conservative VP | ||
| Transamerica AEGON Active Asset Allocation – Moderate Growth VP | ||
| Transamerica AEGON Active Asset Allocation – Moderate VP | ||
| Transamerica AEGON High Yield Bond VP | ||
| Transamerica AEGON Money Market VP | ||
| Transamerica AEGON U.S. Government Securities VP | ||
| Transamerica AllianceBernstein Dynamic Allocation VP | ||
| Transamerica Asset Allocation - Conservative VP | ||
| Transamerica Asset Allocation - Growth VP | ||
| Transamerica Asset Allocation - Moderate VP | ||
| Transamerica Asset Allocation - Moderate Growth VP | ||
| Transamerica BlackRock Global Allocation VP (Initial Class Shares currently not being offered) | ||
| Transamerica BlackRock Large Cap Value VP | ||
| Transamerica BlackRock Tactical Allocation VP (Initial Class Shares currently not being offered) | ||
| Transamerica Clarion Global Real Estate Securities VP | ||
| Transamerica Efficient Markets VP | ||
| Transamerica Foxhall Emerging Markets/Pacific Rim VP | ||
| Transamerica Foxhall Global Conservative VP | ||
| Transamerica Foxhall Global Growth VP | ||
| Transamerica Foxhall Global Commodities & Hard Assets VP | ||
| Transamerica ▇▇▇▇▇▇ Balanced VP | ||
| Transamerica ▇▇▇▇▇▇ Growth VP | ||
| Transamerica ▇▇▇▇▇▇ Growth and Income VP | ||
| Transamerica ▇▇▇▇▇▇ Managed Income VP | ||
| Transamerica Index 35 VP | ||
| Transamerica Index 50 VP | ||
| Transamerica Index 75 VP | ||
| Transamerica Index 100 VP | ||
| Transamerica International Moderate Growth VP | ||
| Transamerica ▇▇▇▇▇▇▇▇ Growth VP | ||
| Transamerica JPMorgan Core Bond VP | ||
| Transamerica JPMorgan Enhanced Index VP | ||
| Transamerica JPMorgan Mid Cap Value VP | ||
| Transamerica JPMorgan Tactical Allocation VP | ||
| Transamerica Madison Balanced Allocation VP | ||
| Transamerica Madison Conservative Allocation VP | ||
| Transamerica Madison Diversified Income VP | ||
| Transamerica Madison Large Cap Growth VP | ||
| Transamerica Madison Moderate Growth Allocation VP | ||
| Transamerica MFS International Equity VP | ||
| Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Active International Allocation VP | ||
| Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital Growth VP | ||
| Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Growth Opportunities VP | ||
| Transamerica ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mid-Cap Growth VP | ||
| Transamerica Multi-Managed Balanced VP | ||
| Transamerica Multi-Managed Large Cap Core VP | ||
| Transamerica PIMCO Real Return TIPS VP | ||
| Transamerica PIMCO Total Return VP | ||
| Transamerica ProFund UltraBear VP (Initial Class Shares currently not being offered) | ||
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| Portfolios (continued): | ||
| Transamerica Systematic Small/Mid Cap Value VP | ||
| Transamerica ▇. ▇▇▇▇ Price Small Cap VP | ||
| Transamerica Third Avenue Value VP | ||
| Transamerica WMC Diversified Equity VP | ||
| Transamerica WMC Diversified Growth VP | ||
| Transamerica WMC Diversified Growth II VP (Service Class Shares currently not being offered) | ||
| 3. | All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. |
IN WITNESS WHEREOF, each of the parties has caused this Amendment to be executed in its name and on its behalf by its duly authorized representative.
| TRANSAMERICA SERIES TRUST | TRANSAMERICA LIFE INSURANCE COMPANY | |||||||
| By its authorized officer, | By its authorized officer, | |||||||
| By: | /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ |
By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||||
| ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||||||
| Title: | Vice President | Title: | Vice President | |||||
| TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY | MONUMENTAL LIFE INSURANCE COMPANY | |||||||
| By its authorized officer, | By its authorized officer, | |||||||
| By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ |
By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||||
| ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||||||
| Title: | Vice President | Title: | Vice President | |||||
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