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Participation Agreement

 

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Title:

Participation Agreement

Entities:

NXP B.V.

Date:

2007

Size:

Preview shows 39KB of 102KB total

Price:

$60

ID:

#2836013

 

 

► Compensation ► Participation Agreements

 

 

Start of Preview


                PARTICIPATION AGREEMENT

 

Among

 

VAN KAMPEN LIFE INVESTMENTS TRUST,

 

VAN KAMPEN FUNDS INC.,

 

VAN KAMPEN ASSET MANAGEMENT,

 

and

 

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY

 

Dated as of

 

April 29, 2005

 

 



 

 

 

TABLE OF CONTENTS

 

 

 

Page

 

 

 

ARTICLE I.

Purchase and Redemption of Fund Shares

2

 

 

 

ARTICLE II.

Representations and Warranties

4

 

 

 

ARTICLE III.

Prospectuses, Reports to Shareholders and Proxy Statements; Voting

6

 

 

 

ARTICLE IV.

Sales Material and Information

8

 

 

 

ARTICLE V.

Fees and Expenses

9

 

 

 

ARTICLE VI.

Diversification

9

 

 

 

ARTICLE VII.

Potential Conflicts

10

 

 

 

ARTICLE VIII.

Indemnification

11

 

 

 

ARTICLE IX.

Applicable Law

17

 

 

 

ARTICLE X.

Termination

17

 

 

 

ARTICLE XI.

Notices

19

 

 

 

ARTICLE XII.

Miscellaneous

19

 

 

 

SCHEDULE A

Separate Accounts and Associated Contracts

A-1

 

 

 

SCHEDULE B

Portfolios of Van Kampen Life Investment Trust Available Under this Agreement

B-1

 

 

 

SCHEDULE C

Proxy Voting Procedures

C-1

 

 

 

SCHEDULE D

Operating Procedures

D-1

 

 

 

SCHEDULE E

Reports per Section 6.3

E-1

 

 

 

FORM E-1

Certificate of Compliance

 

 

 

1

 



 

 

               THIS AGREEMENT is made and entered into as of the 29th day of April, 2005 by and among GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (the "Company"), a Colorado life insurance company, on its own behalf and on behalf of each separate account of the Company set forth on Schedule A hereto as may be amended from time to time (each such account referred to as an "Account"), VAN KAMPEN LIFE INVESTMENT TRUST (the "Fund"), a Delaware business trust, VAN KAMPEN FUNDS INC. (the "Underwriter"), a Delaware corporation, and VAN KAMPEN ASSET MANAGEMENT (the "Adviser"), a Delaware corporation (each a "Party," and collectively, the "Parties").

 

WHEREAS, the Fund engages in business as an open-end management investment company and is available to act as the investment vehicle for separate accounts established by insurance companies for individual and group life insurance policies and annuity contracts with variable accumulation and/or pay-out provisions (hereinafter referred to individually and/or collectively as "Variable Insurance Products"); and

 

WHEREAS, insurance companies desiring to utilize the Fund as an investment vehicle under their Variable Insurance Products enter into participation agreements with the Fund, the Underwriter and the Adviser (the "Participating Insurance Companies"); and

 

WHEREAS, shares of the Fund are divided into several series of shares, each representing the interest in a particular managed portfolio of securities and other assets, any one or more of which may be made available under this Agreement; and

 

WHEREAS, the Fund intends to offer shares of the series set forth on Schedule B hereto (each such series referred to as a "Portfolio"), as such Schedule may be amended from time to time by mutual agreement of the parties hereto, to the Account(s) of the Company (all references herein to "shares" of a Portfolio shall mean the class or classes of shares specifically identified on Schedule B); and

 

WHEREAS, the Fund has obtained an order from the Securities and Exchange Commission ("SEC"), dated September 19, 1990 (File No. 812-7552), granting Participating Insurance Companies and Variable Insurance Product separate accounts exemptions from the provisions of Sections 9(a), 13(a), 15(a), and 15(b) of the Investment Company Act of 1940, as amended (the "1940 Act"), and Rules 6e-2(b)(15) and 6e-3(T)(b)(15) thereunder, to the extent necessary to permit shares of the Fund to be sold to and held by Variable Insurance Product separate accounts of both affiliated and unaffiliated life insurance companies (the "Shared Funding Exemptive Order"); and

 

WHEREAS, the Fund is registered as an open-end management investment company under the 1940 Act and its shares are registered under the Securities Act of 1933, as amended (the "1933 Act"); and

 

WHEREAS, the Adviser is duly registered as an investment adviser under the Investment Advisers Act of 1940, as amended, and any applicable state securities laws; and

 

 

2

 



 

 

 

WHEREAS, the Adviser manages the Portfolios of the Fund; and


 

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