Eighth Amendment to Administrative Service Agreement between Transamerica Life Insurance and Annuity Company and Legacy Marketing Group

Contract Categories: Business Operations › Administration Agreements
Summary

This amendment updates the Administrative Service Agreement between Transamerica Life Insurance and Annuity Company and Legacy Marketing Group. It restates Appendix A, which details the geographic territory and specific insurance policy forms covered, effective June 30, 2003. All other terms of the original agreement remain unchanged. The amendment is signed by both parties and clarifies which products and policy forms are included, as well as their effective and discontinuance dates.

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EX-10.3 5 p17898_ex10-3.txt AMENMEND 8 TO ADMINISTRATIVE SERVICE AGREEMENT EXHIBIT 10.3 AMENDMENT EIGHT TO ADMINISTRATIVE SERVICE AGREEMENT THIS EIGHTH AMENDMENT TO THE ADMINISTRATIVE SERVICE AGREEMENT is effective as indicated herein, by and between TRANSAMERICA LIFE INSURANCE AND ANNUITY COMPANY, hereinafter referred to as "Transamerica," a North Carolina corporation, and LEGACY MARKETING GROUP, hereinafter referred to as "LMG," a California corporation. WHEREAS, Transamerica and LMG entered into an Administrative Service Agreement, dated May 29, 1998, as amended, hereinafter referred to as the "Agreement," wherein LMG agreed to provide certain Transamerica accounting and service functions in consideration of the fees as set forth in APPENDIX B of the Agreement. NOW, THEREFORE, in consideration of the foregoing recitals and mutual promises hereinafter contained and other good and valuable consideration, the parties hereto do agree as follows: 1. Appendix A, attached hereto, is restated in its entirety effective June 30, 2003. 2. All other provisions in the Agreement not specifically amended above remain in effect and unchanged. IN WITNESS HEREOF, the parties have hereto executed this Amendment No. 8. LEGACY MARKETING GROUP By: /s/ Don Dady Title: VP of Marketing Date: August 29, 2003 TRANSAMERICA LIFE INSURANCE AND ANNUITY COMPANY By: /s/ Ken Kilbane Title: VP Date: September 13, 2003 APPENDIX A ADMINISTRATIVE SERVICES AGREEMENT June 30, 2003 GEOGRAPHIC TERRITORY: All states (except New York, Hawaii and Alabama) and the District of Columbia POLICY FORMS
- ------------------------------------------------------------------------------------------------------------------------------------ PRODUCT NAME POLICY FORM NUMBERS* Effective Dates Discontinuance Dates - ------------------------------------------------------------------------------------------------------------------------------------ SelectMark(R) Series - ------------------------------------------------------------------------------------------------------------------------------------ SelectMark(R)5 75/25 T-CTMY0298-5-75/25; 5/29/98 3/3/03 T-PTMY0298-5-7525 - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- SelectMark(R)7 75/25 T-CMY0799-7-75/25; 10/18/99 3/3/03 T-PMY0799-7-75/25 - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- SelectMark(R)10 75/25 T-CTMY0298-10-75/25; 5/29/98 3/3/03 T-PTMY0298-10-75/25 - ------------------------------------------------------------------------------------------------------------------------------------ SelectMark(R) Secure Series - ------------------------------------------------------------------------------------------------------------------------------------ SelectMark(R)5 Secure (formerly T-CTMY0298-5-50/50; 7/10/2000 3/3/03 known as the SelectMark(R)5 50/50) T-PTMY0298-5-50/50 (5/29/98 for SelectMark(R) 5 50/50) - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- SelectMark(R)7 Secure (formerly T-CMY0799-7-50/50; 7/10/2000 3/3/03 known as the SelectMark(R)7 50/50) T-PMY0799-7-50/50 (10/18/99 for SelectMark(R) 7 50/50) - ------------------------------------------------------------------------------------------------------------------------------------ SelectMark(R) Special Edition Series - ------------------------------------------------------------------------------------------------------------------------------------ Selectmark(R)5 Special Edition T-PSMSE-0801-5 01/02/02 3/3/03 T-CSMSE-0801-5 - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- SelectMark(R)7 Special Edition T-CMY0799-7-100; 10/18/99 3/3/03 T-PMY0799-7-100 - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- SelectMark(R)7 Special Edition T-CEIA-0500-7 7/26/2000 3/3/03 Equity Index Strategy - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- SelectMark(R)10 Special Edition T-CTMY0298-10-50/50; 2/9/99 3/3/03 for all states except (formerly known as the Select T-PTMY0298-10-50/50 (5/29/98 for Florida. Mark(R)10 50/50) SelectMark(R)10 50/50) 9/1/03 for plan codes ARIH52 & ARIR52 in Florida** - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- SelectMark(R)10 Special Edition T-CMY1099-10-100; 4/6/2000 3/3/03 with STS T-PMY1099-10-100 - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- SelectMark(R)10 Special Edition T-CEIA-0500-10; 7/26/2000 3/3/03 Equity Index Strategy T-PEIA-0500-10 - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- SelectMark(R)10 Special Edition T-CEIA-0500-10STS; 7/26/2000 3/3/03 with STS and Equity Index Strategy T-PEIA-0500-10STS - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- Selectmark(R)Special Edition Plus T-C-SMSE-0402-10-4; 04/30/02 9/1/03** 4 T-P-SMSE-0402-10-4 - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- Selectmark(R)Special Edition Plus T-C-SMSE-0402-10-0; 05/06/02 3/3/03 T-P-SMSE-0402-10-0 - ------------------------------------------------------------------------------------------------------------------------------------ SelectMark(R) Elite Series - ------------------------------------------------------------------------------------------------------------------------------------ SelectMark(R)5 Elite T- ###-###-####-5; 9/1/01 9/1/03** T- ###-###-####-5 - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- SelectMark(R)7 Elite T- ###-###-####-7; 9/1/01 9/1/03** T- ###-###-####-7 - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- SelectMark(R)10 Elite T- ###-###-####-10; 9/1/01 9/1/03** T- ###-###-####-10 - ------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 2 - ------------------------------------------------------------------------------------------------------------------------------------ PreferMark Series - ------------------------------------------------------------------------------------------------------------------------------------ PreferMark Platinum T-CMY0500-9; 7/26/2000 7/1/03 T-PMY0500-9 - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- PreferMark Gold T-CMY0500-10; 7/26/2000 7/1/03 T-PMY0500-10 - ------------------------------------------------------------------------------------------------------------------------------------ Riders - ------------------------------------------------------------------------------------------------------------------------------------ Beneficiary Rider T-CBR-0799; 10/18/99 T-PBR-0799 - ----------------------------------- ----------------------------------- ---------------------------- ------------------------------- Beneficiary Rider Plus T-PBRII-0400; T-CBRII-0400 7/26/2000 - ----------------------------------- ----------------------------------- ---------------------------- -------------------------------
* Including all State required variations of the above referenced products/policy form numbers ** Transamerica and LMG may determine that this date may need to be changed depending on how other product development efforts progress. Any such change shall be set forth in a separate written agreement or amendment. "Discontinuance Date" The discontinuance date is the date which on or after no further applications will be accepted. No new policies may be issued for applications received on or after the discontinuance date. 1. For the products earmarked to be withdrawn effective March 3, 2003 in the case of 1035 exchanges and other transfers between financial institutions, the application and completed exchange transfer paperwork must be received by March 3, 2003 and the transferred funds completed by June 6, 2003 in order for the policy to be issued. " 2. For the products earmarked to be withdrawn effective July 1, 2003, in the case of 1035 exchanges and other transfers between financial institutions, the application and completed exchange transfer paperwork must be received by July 1, 2003, and the transferred funds completed by September 26, 2003, in order for the policy to be issued. Notwithstanding the foregoing, LMG shall continue to provide administrative services for such policies. Page 2 of 2