AIM VARIABLE INSURANCE FUNDS, INC.
PARTICIPATION AGREEMENT
THIS AGREEMENT, made and entered into this 25th day of February, 1993 by and
between CONNECTICUT GENERAL LIFE INSURANCE COMPANY ("CG LIFE") on its own behalf
and on behalf of CG VARIABLE ANNUITY SEPARATE ACCOUNT (the "SEPARATE ACCOUNT"),
and the AIM VARIABLE INSURANCE FUNDS, INC. (the "FUND") and AIM DISTRIBUTORS,
INC. ("DISTRIBUTOR").
WITNESSETH
WHEREAS, CG LIFE and A I M MANAGEMENT GROUP INC. have entered into an
agreement dated June 30, 1992 entitled "PRODUCT DEVELOPMENT AGREEMENT" to
jointly develop a variable annuity product; and
WHEREAS, the FUND has been organized for investment of life insurance
companies' customers through separate accounts; and
WHEREAS, CG LIFE intends to purchase shares in the FUND on behalf of the
SEPARATE ACCOUNT; and
WHEREAS, DISTRIBUTOR is authorized to sell such shares to the SEPARATE
ACCOUNT;
NOW, THEREFORE, in consideration of the covenants, mutual promises herein
contained and other good and valuable consideration the receipt and legal
sufficiency of which are hereby acknowledged, and intending to be legally bound
hereby, the Parties agree as follows:
ARTICLE I
DEFINITIONS
1.1 The Parties agree that the following terms shall have the meanings set
forth below:
Board - The Board of Directors of the FUND;
Business Day - Any day on which the FUND computes its net asset value pursuant
to rules of the SEC and as described in the Prospectus for the FUND.
Code - The Internal Revenue Code of 1986, as amended;
Contract(s) - Any individual or group variable annuity contract or combination
fixed and variable annuity contract or certificate issued under a
1
group contract by CG LIFE or any of its affiliates which provides for the FUND
as an investment through the SEPARATE ACCOUNT;
Distribution Agreement - The Agreement between the FUND and DISTRIBUTOR dated
___________________ concerning the sale and distribution of FUND shares;
General Account - The assets of CG LIFE other than those allocated to the
SEPARATE ACCOUNT or any other separate accounts of CG LIFE established under
Connecticut insurance statutes;
NASD - The National Association of Securities Dealers, Inc.;
Owners - The person, persons, entity, or entities entitled to the ownership
rights stated in the Contracts;
Participants - Individuals who participate under group Contracts;
Portfolio - A separate class or series of shares of the FUND constituting an
investment sub-account as described in the FUND Prospectus with investment
objectives, policies and restrictions distinct from the other investment sub-
accounts of the FUND;
Prospectus - The current prospectus and corresponding statement of additional
information for either the FUND or the Contracts;
Sales Literature - Advertisements (such as material published, or designed for
use, in a newspaper, magazine or other periodical, radio, television, telephone
or tape recording, videotape display, signs or billboards, motion pictures or
other public media), sales literature (such as any written communication
distributed or made generally available to customers or the public, including
brochures, circulars, research reports, market letters, form letters, seminar
texts, or reprints or excerpts of any other advertisement, sales literature, or
published article), registration statements, prospectuses, statements of
additional information, shareholder reports and proxy materials, and any other
material constituting sales literature or advertising under NASD rules, the 1940
Act or the 1933 Act.
SEC - The United States Securities and Exchange Commission;
1940 Act - The Investment Company Act of 1940 including the rules thereunder;
1933 Act - The Securities Act of 1933 including the rules thereunder;