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Registration No. _____
As Filed with the Securities and Exchange Commission on August 3, 1998
FORM N-8B-2
REGISTRATION STATEMENT OF UNIT INVESTMENT TRUSTS
WHICH ARE CURRENTLY ISSUING SECURITIES
Pursuant to Section 8(b) of the
Investment Company Act of 1940
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ICMG REGISTERED VARIABLE LIFE SEPARATE ACCOUNT A
(Name of Unit Investment Trust)
Issuer of periodic payment plan
certificates only for purposes
of information provided herein.
I. ORGANIZATION AND GENERAL INFORMATION
1. (a) Furnish name of the trust and the Internal Revenue Service Employer
Identification Number:
ICMG Registered Variable Life Separate Account A ("Separate
Account"). IRS Employer Identification Number: The Separate Account
shall report under the employer identification number of the
Depositor - Hartford Life Insurance Company ("Hartford"). See item 2
below.
(b) Furnish title of each class or series of securities issued by the
trust:
Group Flexible Premium Variable Life Insurance Policies ("Policies").
2. Furnish the name and principal business address and Zip Code and the
Internal Revenue Service Employer Identification Number of each depositor
of the trust:
Hartford Life Insurance Company
P.O. Box 2999
Hartford, Connecticut 06104
IRS Employer Identification Number: 06-0974148
3. Furnish name and principal business address and Zip Code and the Internal
Revenue Service Employer Identification Number of each custodian or
trustee of the trust indicating for which class or series of securities
each custodian or trustee is acting.
Not Applicable.
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4. Furnish name and principal business address and Zip Code and the Internal
Revenue Service Employer Identification Number of each principal
underwriter currently distributing securities of the trust.
No Policies are currently being distributed. When such distribution
commences, Hartford Equity Sales Company, Inc. will be the "Principal
Underwriter."
Hartford Equity Sales Company, Inc.
P.O. Box 2999
Hartford, Connecticut 06104
IRS Employer Identification Number: 06-0896599
5. Furnish name of state or other sovereign power, the laws of which govern
with respect to the organization of the trust.
Connecticut
6. (a) Furnish the dates of execution and termination of any indenture or
agreement currently in effect under the terms of which the trust was
organized and issued or proposes to issue securities.
The Separate Account was established pursuant to a resolution of the
Board of Directors of Hartford on April 14, 1998. The Separate
Account will continue in existence until its complete liquidation
and the distribution of its assets to the persons entitled to receive
them.
(b) Furnish the dates of execution and termination of any indenture or
agreement currently in effect pursuant to which the proceeds of
payments on securities issued or to be issued by the trust are held
by the custodian or trustee.
There is no indenture or trust agreement. Hartford, the Depositor,
will perform all functions normally performed by a custodian.
7. Furnish in chronological order the following information with respect to
each change of name of the trust since January 1, 1930. If the name never
been changed, so state.
The Separate Account has never been known by any other name.
8. State the date on which the fiscal year of the trust ends.
The fiscal year of the Separate Account ends on December 31.
MATERIAL LITIGATION
9. Furnish a description of any pending legal proceedings, material with
respect to the security holders of the trust by reason of the nature of
the claim or the amount thereof, to which the trust, the depositor, or the
principal underwriter is a party or which the assets of the trust are the
subject, including the substance of the claims involved in such proceeding
and the title of the proceeding. Furnish a similar statement with respect
to any pending administrative proceeding commenced by a governmental
authority or any such proceeding or legal proceeding known to be
contemplated by a governmental authority. Include any proceeding which,
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although immaterial in itself, is representative of, or one of, a group of
which in the aggregate is material.
There are no material legal proceedings pending.
II. GENERAL DESCRIPTION OF THE TRUST AND SECURITIES OF THE TRUST
GENERAL INFORMATION CONCERNING THE SECURITIES OF THE TRUST AND THE RIGHTS OF
HOLDERS
10. Furnish a brief statement with respect to the following matters for each
class or series of securities issued by the trust:
(a) Whether the securities are of the registered or bearer type.
The Policies and Certificates issued thereunder ("Certificates") are
of the registered type insofar as all Certificates are personal to
the Owner, and the records concerning the Owner are maintained by
Hartford.
(b) Whether the securities are of the cumulative or distributive type.
The Policies are of the cumulative type.
(c) The rights of security holders with respect to withdrawal or
redemption.
At any time prior to the maturity date, the Owner may surrender the
Certificate and receive the cash surrender value, provided the
Certificate has a cash surrender value. An applicant has a limited
right to return his or her Certificate for cancellation. Subject to
applicable state regulations, if the Owner returns the Certificate
within 10 days after delivery of the Certificate, Hartford will
return to the applicant, within 7 days thereafter, the greater of the
premium paid for the Policy, or the sum of (1) the cash value on the
date the returned Certificate is received by Hartford and (2) any
charges deducted under the Certificate.
(d) The rights of security holders with respect to conversion, transfer,
partial redemption, and similar matters.
Up to five withdrawals are allowed each Coverage Year. The minimum
partial withdrawal allowed is $500.00. The maximum partial withdrawal
is an amount equal to the sum of the Cash Surrender Value plus
outstanding debt, multiplied by .90 minus outstanding debt. Hartford
currently imposes a maximum partial withdrawal charge of $25.00. The
Owner may transfer a Certificate's Investment Division values to
other Investment Divisions.
(e) If the trust is the issuer of periodic payment plan certificates, the
substance of the provisions of any indenture or agreement with
respect to lapses or defaults by security holders in making principal
payments, and with respect to reinstatement.
Because the Certificate is a life insurance policy certain monthly
charges are made against the net cash value to maintain the benefits
provided by the Certificate. If the Cash Surrender Value is
insufficient to cover the charges due under the Certificate the
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policy will be in default, unless the Owner has given Hartford
written notice of termination in advance of the date of termination
of the Certificate. Hartford will grant a 61-day grace period for the
payment of the additional premium in an amount sufficient to cover
the monthly charges due during which time insurance will remain in
force.
In the event that outstanding indebtedness under the Certificate
equals or exceeds the cash surrender value, the Certificate will
terminate 31 days after Hartford mails notice to the Owner's last
known address. If sufficient loan repayment is not made by the end of
the 31 day period, the Certificate will terminate without value.
Prior to the death of the Insured, and unless (1) the Group Policy is
terminated or (2) the Certificate has been surrendered for cash, the
Certificate may be reinstated prior to the Maturity Date, provided:
(a) the Owner requests reinstatement within three (3) years of the
date of lapse; and
(b) satisfactory evidence of insurability is submitted.
The cost to reinstate is a premium large enough to keep the coverage
under the Certificate in force for at least 3 months following the
date of reinstatement. The Face Amount of the reinstated Certificate
cannot exceed the Face Amount at the time of lapse. The Investment
Value on the reinstatement date will reflect:
(a) The Investment Value at the time of termination; plus
(b) Net Premiums attributable to premiums paid at the time of
reinstatement.
Upon reinstatement, any outstanding indebtedness at the time of
termination must be repaid or carried over to the reinstated
Certificate.
(f) The substance of any provisions of any indenture or agreement with
respect to voting rights, together with the names of any persons than
security holders given the right to exercise voting rights pertaining
to the trust's securities or the underlying securities and the
relationship of such persons to the trust.
The underlying securities of the Separate Account currently are
shares of Class IA of Hartford Capital Appreciation HLS Fund, Inc.
(the "Hartford Capital Appreciation Fund"), shares of Class IA of
Hartford Bond HLS Fund, Inc. (the "Hartford Bond Fund"), and shares
of Class IA of Hartford Money Market HLS Fund, Inc. (the "Hartford
Money Market Fund") (collectively, the "Hartford Funds"); shares
of the N&B AMT Partners Portfolio, N&B AMT Balanced Portfolio, and
N&B AMT Limited Maturity Bond Portfolio, each an investment
portfolio of the Neuberger & Berman Advisers Management Trust
(collectively, the "Neuberger & Berman AMT Funds"); shares of the
VIP Equity Income Portfolio, VIP High Income Portfolio, VIP
Overseas Portfolio and VIP II Assets Manager Portfolio, each an
investment portfolio of the Fidelity VIP Fund or Fidelity VIP II
Fund (collectively, the "Fidelity Funds"); shares of the Alger
American Small Capitalization Portfolio and Alger American Growth
Portfolio, each an investment portfolio of the Alger American Fund
(collectively, the "Alger American Funds"); shares of the J.P.
Morgan Bond Portfolio, J.P.
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Morgan Equity Portfolio, J.P. Morgan Small Company Portfolio, and
J.P. Morgan International Opportunities Portfolio, each an
investment portfolio of the J.P. Morgan Series Trust (collectively,
the "J.P. Morgan Funds"); shares of the MS Fixed Income Portfolio,
MS High Yield Portfolio, MS Equity Growth Portfolio, MS Value
Portfolio, MS Global Equities Portfolio, and MS Emerging Markets
Equity Portfolio, each an investment portfolio of Morgan Stanley
Universal Fund, Inc. (collectively, the "Morgan Stanley Funds");
and shares of the BT EAFE-Registered Trademark-Equity Index Fund,
BT Equity 500 Index Fund, and BT Small Cap Index Fund, each an
investment portfolio of the BT Insurance Funds Trust (collectively,
the "BT Insurance Funds").
Hartford will vote shares of the Funds at regular and special
meetings of the Shareholders of the Funds in accordance with
instructions received from Owners having a voting interest in the
Separate Account. Hartford will vote shares for which it has not
received instructions in the same proportion as it votes shares for
which it has received instructions. However, if the Investment
Company Act of 1940 or any regulation thereunder should be amended
or if the present interpretation thereof should change, and as a
result Hartford determines that it is permitted to vote the Fund
shares in its own right, it may elect to do so.
Hartford may, when required by state insurance regulatory
authorities, disregard voting instructions if the instructions
require that the shares be voted so as to cause a change in the
sub-classification or investment objective of one or more of the
Funds or to approve or disapprove an investment advisory policy for
the Funds. In addition, Hartford itself may disregard voting
instructions in favor of changes initiated by an Owner in the
investment policy or the investment adviser of the Funds if
Hartford reasonably disapproves of such changes. A change would be
disapproved only if the proposed change is contrary to state law or
prohibited by state regulatory authorities. In the event Hartford
does disregard voting instructions, a summary of that action and
the reasons for such action will be included in the next periodic
report to Policy Owners.
(g) Whether security holders must be given notice of any change in:
(1) the composition of the assets of the trust.
Notice must be given of any such proposed change.
(2) the terms and conditions of the securities issued by the trust.
Notice must be given of any such proposed change.
(3) the provisions of any indenture or agreement of the trust.
Inapplicable - there is no indenture or agreement of the trust.
See answer to Item 6(b) above.
(4) the identity of the depositor, trustee or custodian.
There is no provision requiring notice to Owners with respect to
any change in the identity of the Separate Account's depositor.
Hartford's obligations under the Certificates,
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however, cannot be transferred to any other entity without
notice to and consent of the Owners.
(h) Whether the consent of security holders is required in order for
action to be taken concerning any change in:
(1) the composition of the assets of the trust.
Consent of Owners may be required when substituting the
underlying securities of the Separate Account. In addition,
to substitute such securities, approval of the Securities and
Exchange Commission may be required in compliance with Section
26(b) of the Investment Company Act of 1940. Hartford may,
however, add additional sub-accounts (hereinafter, "Investment
Divisions") without the consent of Owners. Except as required
by Federal or State law or regulation, no action will be taken
by Hartford which will adversely affect the rights of Owners
without their consent.
(2) the terms and conditions of the securities issued by the trust.
No change in the terms and conditions of the Certificates can be
made without the consent of the Owners.
(3) the provisions of any indenture or agreement of the trust.
See Item 10(g)(3) above.
(4) the identity of the depositor, trustee or custodian.
There is no provision requiring consent of Owners with respect
to any change in the identity of the Separate Account's
depositor. Hartford's obligations under the Certificates,
however, cannot be transferred to any other entity without
notice to and consent of the Owners. There is no provision
requiring consent of Owners with respect to any change in the
identity of the custodian.
(i) Any other principal feature of the securities issued by the trust or
any other principal right, privilege or obligation not covered by
subdivisions (a) to (g) or by any other item in this form.
The Policy provides group insurance coverage to eligible employees of
participating employers covered under a Certificate of insurance. A
death benefit is payable to the beneficiary upon the death of the
insured person.
The group policy is issued to participating employers or to a trust
that is adopted by a participating employer. Eligible employees of
participating employers own Certificates of insurance issued under
their respective Participating Employer's group policy. The minimum
initial face amount is $50,000. The Death Proceeds payable to the
beneficiary equal the Death Benefit less any outstanding loans plus
any rider benefits payable. The Death Benefit is one of two options:
Option A provides a death benefit equal to the greater of the Policy
face amount and the variable insurance amount; Option B provides a
death benefit equal to the greater of the Policy face amount plus the
account value and the variable insurance amount.
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The variable insurance amount is equal to the Cash Value multiplied
by the applicable variable insurance factor provided for in the
Certificate.
INFORMATION CONCERNING THE SECURITIES UNDERLYING THE TRUST'S SECURITIES
11. Describe briefly the kind or type of securities comprising the unit of
specified securities in which the security holders have an interest.
The securities held in the Separate Account will be shares of registered,
open-end diversified management investment companies (the "Funds")
described below.
HARTFORD CAPITAL APPRECIATION FUND
Hartford Capital Appreciation Fund seeks to achieve growth of capital by
investing in equity securities selected solely on the basis of potential for
capital appreciation.
HARTFORD BOND FUND
Hartford Bond Fund seeks to achieve maximum current income consistent
with preservation of capital by investing primarily in fixed-income
securities. Up to 20% of the total assets of the Portfolio may be invested in
debt securities rated in the highest category below investment grade ("Ba" by
Moody's Investor Services, Inc. or "BB" by Standard & Poor's) or, if unrated,
are determined to be of comparable quality by the Portfolio's investment
adviser.
HARTFORD MONEY MARKET FUND
Hartford Money Market Fund seeks to achieve maximum current income
consistent with liquidity and preservation of capital. This Portfolio invests
in short-term money market securities.
N&B AMT LIMITED MATURITY BOND PORTFOLIO
N&B AMT Limited Maturity Bond Portfolio seeks to achieve the highest
current income consistent with low risk to principal and liquidity; and
secondarily, total return. This Portfolio invests in a diversified portfolio
primarily consisting of short to intermediate term U.S. government and agency
securities and investment grade debt securities issued by financial
institutions, corporations, and others. The Portfolio may invest up to 10% of
its net assets, measured at the time of investment, in fixed-income
securities that are below investment grade.
N&B AMT BALANCED PORTFOLIO
N&B AMT Balanced Portfolio seeks to achieve long-term capital growth and
reasonable current income without undue risk to principal. It is anticipated
that the Portfolio's investment program will normally be managed so that
approximately 60% of its total assets will be invested in common and
preferred stocks and the remaining assets will be invested in debt
securities, primarily investment grade. However, depending on the investment
manager's views regarding current market trends, the common stock portion of
its portfolio investments may be adjusted downward to as low as 50% or upward
to as high as 70%. At least 25% of its assets will be invested in fixed
income securities.
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N&B AMT PARTNERS PORTFOLIO
N&B AMT Partners Portfolio seeks to achieve capital growth. This
Portfolio's investment approach is to invest principally in common stocks of
medium to large capitalization established companies, using a value-oriented
investment approach designed to increase capital with reasonable risk. Its
investment program seeks securities believed to be undervalued based on
strong fundamentals such as low price-to-earnings ratios, consistent cash
flow and the company's track record through all parts of the market cycle.
VIP HIGH INCOME PORTFOLIO
VIP High Income Portfolio seeks high current income primarily through
investments in all types of income-producing debt securities, preferred
stocks and convertible securities. Although the Portfolio has no limits on
the quality and maturity of its investments, its strategy typically leads to
longer-term, lower-quality, fixed-income securities. These domestic and
foreign investments may present the risk of default or may be in default.
VIP EQUITY-INCOME PORTFOLIO
VIP Equity-Income Portfolio seeks reasonable income by investing
primarily in income-producing equity securities. In choosing these
securities, the Portfolio will also consider the potential for capital
appreciation. This Portfolio's goal is to achieve a yield which exceeds the
composite yield on the securities comprising the Standard & Poor's Composite
Index of 500 Stocks (commonly referred to as "S&P 500"). The Portfolio may
invest in high yielding, lower-rated securities (commonly referred to as
"junk bonds") which are subject to greater risk than investments in
higher-rated securities.
VIP OVERSEAS PORTFOLIO
VIP Overseas Portfolio seeks long-term growth of capital primarily
through investments in foreign securities and provides a means for aggressive
investors to diversify their own portfolios by participating in companies and
economies outside of the United States.
VIP II ASSET MANAGER PORTFOLIO
VIP II Asset Manager Portfolio seeks high total return with reduced risk
over the long term by allocating its assets among domestic and foreign
stocks, bonds and short-term instruments.
ALGER AMERICAN SMALL CAPITALIZATION PORTFOLIO
Alger American Small Capitalization Portfolio seeks long-term capital
appreciation by investing in a diversified, actively managed portfolio of
equity securities, primarily of companies with total market capitalization
within the range of companies included in the Russell 2000 Growth Index or
the S&P SmallCap 600 Index, updated quarterly.
ALGER AMERICAN GROWTH PORTFOLIO
Alger American Growth Portfolio seeks long-term capital appreciation by
investing in a diversified, actively managed portfolio of equity securities,
primarily of companies with total market capitalization of $1 billion or
greater.
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J.P. MORGAN BOND PORTFOLIO
J.P. Morgan Bond Portfolio seeks high total return consistent with
moderate risk of capital and maintenance of liquidity. Although the net asset
value of the Portfolio will fluctuate, the Portfolio attempts to preserve the
value of its investments to the extent consistent with its objective. Under
normal market conditions, 65% of the Portfolio's, assets will be invested in
bonds, debentures and other debt instruments. The Portfolio may invest up to
20% of its assets in securities denominated in foreign currencies and may
invest without limitation in U.S. dollar-denominated securities of foreign
issuers.
J.P. MORGAN EQUITY PORTFOLIO
J.P. Morgan Equity Portfolio seeks high total return from a portfolio
comprised of selected equity securities. The Portfolio invests primarily in
the common stock of large and medium capitalization U.S. companies.
J.P. MORGAN SMALL COMPANY PORTFOLIO
J.P. Morgan Small Company Portfolio seeks high total return from a
portfolio of equity securities of small companies. The Portfolio invests at
least 65% of the value of its total assets in the common stock of small U.S.
companies primarily with market capitalizations less than $1 billion.
J.P. MORGAN INTERNATIONAL OPPORTUNITIES PORTFOLIO
J.P. Morgan International Opportunities Portfolio seeks high total
return from a portfolio of equity securities of foreign corporations. Under
normal market conditions, the Portfolio will invest in a minimum of three
different foreign countries.
MS FIXED INCOME PORTFOLIO
MS Fixed Income Portfolio seeks above average total return over a market
cycle of three to five years by investing in a diversified portfolio of U.S.
government and agency securities, corporate bonds, foreign bonds,
mortgage-backed securities of domestic issuers, and other fixed income
securities and derivatives. Under normal circumstances, the Portfolio will
invest at least 65% of its total assets in fixed income securities, not more
than 20% of which will be below investment grade (commonly referred to as
"high yield securities" or "junk bonds").
MS HIGH YIELD PORTFOLIO
MS High Yield Portfolio seeks above average total return over a market
cycle of three to five years by investing at least 65% of its total assets in
high yield securities of U.S. and foreign issuers including corporate bonds
and other fixed income securities. The Portfolio expects to achieve its
objective through maximizing current income, although it may seek capital
growth opportunities when consistent with its objective.
MS EQUITY GROWTH PORTFOLIO
MS Equity Growth Portfolio seeks long-term capital appreciation by
investing primarily in growth-oriented common and preferred stocks,
convertible securities, rights and warrants to purchase common stocks,
depositary receipts and other equity securities. Under normal circumstances,
the Portfolio will invest at least 65% of its total assets in equity
securities.
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MS VALUE PORTFOLIO
MS Value Portfolio seeks above average total return over a market cycle
of three to five years by investing primarily in common and preferred stocks,
convertible securities, rights and warrants to purchase common stocks, ADRs
and other equity securities of companies with equity capitalizations usually
greater than $300 million. Under normal circumstances, the Portfolio will
invest at least 65% of its total assets in equity securities. The Portfolio
may invest up to 5% of its total assets in foreign equity securities (other
than ADRs).
MS GLOBAL EQUITY PORTFOLIO
MS Global Equity Portfolio seeks long-term capital appreciation by
investing primarily in common and preferred stocks, convertible securities,
and rights and warrants to purchase common stocks, depositary receipts and
other equity securities of issuers throughout the world, including issuers in
the United States and emerging market countries. Under normal circumstances,
at least 65% of the total assets of the Portfolio will be invested in equity
securities. At least 20% of the Portfolio's total assets will be invested in
common stocks of U.S. issuers and the remaining equity position will be
invested in at least three countries other than the United States.
MS EMERGING MARKET EQUITY PORTFOLIO
MS Emerging Markets Equity Portfolio seeks long-term capital
appreciation by investing primarily in common and preferred stocks,
convertible securities, rights and warrants to purchase common stocks,
sponsored or unsponsored ADRs and other equity securities of emerging market
country issuers. Under normal circumstances, at least 65% of the Portfolio's
total assets will be invested in emerging market country equity securities.
BT EAFE-Registered Trademark- EQUITY INDEX FUND
BT EAFE-Registered Trademark- Equity Index Fund seeks to replicate as
closely as possible (before deduction for expenses) the total return of the
Europe, Australia, Far East Index (the "EAFE Index"), a
capitalization-weighted index containing approximately 1,100 equity
securities of companies located outside the United States, by investing in a
statistically selected sample of the equity securities included in the EAFE
Index. It will invest primarily in equity securities of business enterprises
organized and domiciled outside of the United States or for which the
principal trading market is outside the United States.
BT EQUITY 500 INDEX FUND
BT Equity 500 Index Fund seeks to replicate as closely as possible
(before deduction for expenses) the total return of the Standard & Poor's 500
Composite Stock Price Index (the "S&P 500"), an index emphasizing
large-capitalization stocks. It will include the common stock of those
companies included in the S&P 500, other than Bankers Trust New York
Corporation, selected on the basis of computer-generated statistical data,
that are deemed representative of the industry diversification of the entire
S&P 500.
BT SMALL CAP INDEX FUND
BT Small Cap Index Fund seeks to replicate as closely as possible (before
deduction for expenses) the total return of the Russell 2000 Small Stock Index
(the "Russell 2000"), an index consisting of 2,000 small-capitalization common
stocks. It will include the common stock of companies included in the Russell
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2000, on the basis of computer-generated statistical data, that are deemed
representative of the industry diversification of the entire Russell 2000.
12. If the trust is the issuer of periodic payment plan certificates, and if
any underlying securities were issued by another investment company,
furnish the following information for each such company:
(a) Name of Company.
The Hartford Funds: the Hartford Capital Appreciation Fund, Hartford
Bond Fund, and Hartford Money Market Fund.
The Neuberger & Berman AMT Funds: the N&B AMT Partners Portfolio, N&B
AMT Balanced Portfolio, and N&B AMT Limited Maturity Bond Portfolio,
each an investment portfolio of the Neuberger & Berman Advisers
Management Trust.
The Fidelity Funds: the VIP Equity Income Portfolio, VIP High Income
Portfolio, VIP Overseas Portfolio and VIP II Assets Manager
Portfolio, each an investment portfolio of the Fidelity VIP Fund or
Fidelity VIP II Fund.
The Alger American Funds: the Alger American Small Capitalization
Portfolio and Alger American Growth Portfolio, each an investment
portfolio of the Alger American Fund.
J.P. Morgan Funds: the J.P. Morgan Bond Portfolio, J.P. Morgan Equity
Portfolio, J.P. Morgan Small Company Portfolio, and J.P. Morgan
International Opportunities Portfolio, each an investment portfolio
of the J.P. Morgan Series Trust.
Morgan Stanley Funds: the MS Fixed Income Portfolio, MS High Yield
Portfolio, MS Equity Growth Portfolio, MS Value Portfolio, MS Global
Equities Portfolio, and MS Emerging Markets Equity Portfolio, each an
investment portfolio of Morgan Stanley Universal Fund, Inc.
BT Insurance Funds: the BT EAFE-Registered Trademark- Equity Index
Fund, BT Equity 500 Index Fund, and BT Small Cap Index Fund, each an
investment portfolio of the BT Insurance Funds Trust.
(b) Name and principal business address of depositor.
Not Applicable.
(c) Name and principal business address of trustee or custodian.
Not applicable.
(d) Name and principal business address of principal underwriter.
Not applicable.
(e) The period during which the securities of such Company have been the
underlying securities.
No underlying securities have been acquired by the Separate Account.
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INFORMATION CONCERNING LOADS, FEES, CHARGES AND EXPENSES
13. (a) Furnish the following information with respect to each load, fee,
expense or charge to which (1) principal payments, (2) underlying
securities, (3) distributions, (4) cumulated or reinvested
distributions or income, and (5) redeemed or liquidated assets of the
trust's securities are subject:
(A) the nature of such load, fee, expense or charge;
(B) the amount thereof;
(C) the name of the person to whom such amounts are paid and his
relationship to the trust;
(D) the nature of the services performed by such person in
consideration for such load, fee, expense or charge.
(1) Principal payments
(A) Hartford deducts a percentage of premium for front-end sales
load, premium processing charge, state premium tax and federal
tax charge. Hartford deducts a front-end sales load based on
the level of premiums paid. The front-end sales load will not
exceed 9.0%. Hartford deducts an amount from each premium
payment to cover state premium taxes assessed against Hartford
that are attributable to premiums. The actual amount of
premium taxes varies by locale and currently ranges from 0% to
4%. Hartford deducts a 1.25% charge from each premium payment
to cover the estimated cost of the federal income tax
treatment of the Certificates deferred acquisition costs under
Section 848 of the Internal Revenue Code ("Code").
Hartford also deducts certain charges from the account value
to provide for the Monthly Deduction Amount. These will be
taken on a pro rata basis from the Investment Divisions or
from a designated Investment Division (if selected) on the
Monthly Activity Date and will vary from month to month. The
Monthly Deduction Amount equals the cost of insurance charge
plus an administrative expense charge. The cost of insurance
charge is to cover Hartford's anticipated mortality costs. A
charge is made for additional benefits provided by rider, if
any. An administrative expense charge in the amount of $5.00
per month initially and is guaranteed never to exceed $10.00
per month.
A charge is made for mortality and expense risk assumed by
Hartford. Hartford deducts a daily charge at a maximum
effective annual rate of .65% of the value of each Investment
Division's assets. The mortality risk assumed is that the
actual cost of insurance charges specified in the Certificate
will be insufficient to meet actual claims. The expense risk
assumed is that expenses incurred in issuing and administering
the Certificates will exceed the administrative charges
described above.
(B) See (A), above.
(C) See (A), above.
(D) See (A), above.
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(2) Underlying Securities
HARTFORD CAPITAL APPRECIATION FUND
The Fund pays HL Advisors, Inc., the Fund's investment manager, a
monthly management fee at an annual rate which decreases from 0.575%
to 0.425% according to the average daily net assets of the Fund.
HARTFORD BOND FUND
The Fund pays HL Advisors, Inc., the Fund's investment manager, a
monthly management fee at an annual rate which decreases from 0.325%
to 0.25% according to the average daily net assets of the Fund.
HARTFORD MONEY MARKET FUND
The Fund pays HL Advisors, Inc., the Fund's investment manager, a
monthly management fee at the annual rate of 0.25% of average daily
net assets of the Fund.
N&B AMT LIMITED MATURITY BOND PORTFOLIO
The Fund pays Neuberger & Berman Management Incorporated ("N&B
Management"), as the Funds administrator, an administration fee at
the annual rate of 0.40% of average daily net assets of the Fund.
The Fund invests all of its investable assets in a corresponding
series of Advisers Managers Trust, an open-end management
investment company ("Advisers Managers Trust"), which pays N&B
Management, the series' investment manager, a management fee at an
annual rate which decreases from 0.25% to 0.15% according to the
average daily net assets of the series.
N&B AMT BALANCED PORTFOLIO
The Fund pays N&B Management, as the Funds administrator, an
administration fee at the annual rate of 0.30% of average daily net
assets of the Fund. The Fund invests all of its investable assets in
a corresponding series of Advisers Managers Trust, which pays N&B
Management, the series' investment manager, a management fee at an
annual rate which decreases from 0.55% to 0.425% according to the
average daily net assets of the series.
N&B AMT PARTNERS PORTFOLIO
The Fund pays N&B Management, as the Funds administrator, an
administration fee at the annual rate of 0.30% of average daily net
assets of the Fund. The Fund invests all of its investable assets in
a corresponding series of Advisers Managers Trust, which pays N&B
Management, the series' investment manager, a management fee at an
annual rate which decreases from 0.55% to 0.425% according to the
average daily net assets of the series.
VIP HIGH INCOME PORTFOLIO
The Fund pays Fidelity Management & Research Company ("FMR") a
management fee for managing its investments and business affairs.
The fee is calculated by adding a group fee rate to an individual
fund rate, multiplying the result by the Fund's monthly average net
assets, and dividing by twelve. For the Fund's fiscal year ended
13
<PAGE>
December 31, 1997, the total management fee was 0.59% of average
net assets, based on a group fee rate of 14% and an individual fund
rate of 45%.
VIP EQUITY-INCOME PORTFOLIO
The Fund pays FMR a management fee for managing its investments and
business affairs. The fee is calculated by adding a group fee rate
to an individual fund rate, multiplying the result by the Fund's
monthly average net assets, and dividing by twelve. For the Fund's
fiscal year ended December 31, 1997, the total management fee was
0.50% of average net assets, based on a group fee rate of 0.29% and
an individual fund rate of 0.20%.
VIP OVERSEAS PORTFOLIO
The Fund pays FMR a management fee for managing its investments and
business affairs. The fee is calculated by adding a group fee rate
to an individual fund rate, multiplying the result by the Fund's
monthly average net assets, and dividing by twelve. For the Fund's
fiscal year ended December 31, 1997, the total management fee was
0.75% of average net assets, based on a group fee rate of 0.29% and
an individual fund rate of 0.45%.
VIP II ASSET MANAGER PORTFOLIO
The Fund pays FMR a management fee for managing its investments and
business affairs. The fee is calculated by adding a group fee rate
to an individual fund rate, multiplying the result by the Fund's
monthly average net assets, and dividing by twelve. For the Fund's
fiscal year ended December 31, 1997, the total management fee was
0.55% of average net assets, based on a group fee rate of 29% and
an individual fund rate of 25%.
ALGER AMERICAN SMALL CAPITALIZATION PORTFOLIO
The Fund pays Fred Alger Management, Inc., the Fund's investment
manager, a monthly management fee at the annual rate of 0.85% of
average daily net assets of the Fund.
ALGER AMERICAN GROWTH PORTFOLIO
The Fund pays Fred Alger Management, Inc., the Fund's investment
manager, a monthly management fee at the annual rate of 0.75% of
average daily net assets of the Fund.
J.P. MORGAN BOND PORTFOLIO
The Fund pays J.P. Morgan Investment Management Inc., the Fund's
investment adviser, a monthly management fee at the annual rate of
0.30% of average daily net assets of the Fund.
J.P. MORGAN EQUITY PORTFOLIO
The Fund pays J.P. Morgan Investment Management Inc., the Fund's
investment adviser, a monthly management fee at the annual rate of
0.40% of average daily net assets of the Fund.
14
<PAGE>
J.P. MORGAN SMALL COMPANY PORTFOLIO
The Fund pays J.P. Morgan Investment Management Inc., the Fund's
investment adviser, a monthly management fee at the annual rate of
0.60% of average daily net assets of the Fund.
J.P. MORGAN INTERNATIONAL OPPORTUNITIES PORTFOLIO
The Fund pays J.P. Morgan Investment Management Inc., the Fund's
investment adviser, a monthly management fee at the annual rate of
0.60% of average daily net assets of the Fund.
MS FIXED INCOME PORTFOLIO
The Fund pays Miller Anderson & Sherrerd, LLP, the Fund's investment
manager, a quarterly management fee at an annual rate which decreases
from 0.40% to 0.30% according to the average daily net assets of the
Fund.
MS HIGH YIELD PORTFOLIO
The Fund pays Miller Anderson & Sherrerd, LLP, the Fund's investment
manager, a quarterly management fee at an annual rate which decreases
from 0.50% to 0.40% according to the average daily net assets of the
Fund.
MS EQUITY GROWTH PORTFOLIO
The Fund pays Morgan Stanley Asset Management Inc., the Fund's
investment manager, a quarterly management fee at an annual rate
which decreases from 0.55% to 0.45% according to the average daily
net assets of the Fund.
MS VALUE PORTFOLIO
The Fund pays Miller Anderson & Sherrerd, LLP, the Fund's investment
manager, a quarterly management fee at an annual rate which decreases
from 0.55% to 0.45% according to the average daily net assets of the
Fund.
MS GLOBAL EQUITY PORTFOLIO
The Fund pays Morgan Stanley Asset Management Inc., the Fund's
investment manager, a quarterly management fee at an annual rate
which decreases from 0.80% to 0.70% according to the average daily
net assets of the Fund.
MS EMERGING MARKET EQUITY PORTFOLIO
The Fund pays Morgan Stanley Asset Management Inc., the Fund's
investment manager, a quarterly management fee at an annual rate
which decreases from 1.25% to 1.15% according to the average daily
net assets of the Fund.
BT EAFE-Registered Trademark- EQUITY INDEX FUND
The Fund pays Bankers Trust Company, the Fund's investment adviser,
a monthly management fee at the annual rate of 0.45% of average daily
net assets of the Fund.
15
<PAGE>
BT EQUITY 500 INDEX FUND
The Fund pays Bankers Trust Company, the Fund's investment adviser,
a monthly management fee at the annual rate of 0.20% of average daily
net assets of the Fund.
BT SMALL CAP INDEX FUND
The Fund pays Bankers Trust Company, the Fund's investment adviser,
a monthly management fee at the annual rate of 0.35% of average daily
net assets of the Fund.
In addition, the Funds generally pay certain expenses other than
management fees, including legal, accounting and custodian fees.
Those "other expenses" vary from Fund to Fund and may vary from year
to year.
(3) Distributions.
None with respect to distributions on death of the insured.
(4) Cumulated or reinvested distributions or income.
All investment income and other distributions are reinvested in the
Fund shares at net asset value.
(5) Redeemed or liquidated assets.
There are no charges associated with surrenders under the Policy.
Upon surrender, the Policy Owner will receive the Cash Surrender
Value. The Cash Surrender Value equals the Cash Value less any
outstanding indebtedness, less any charges accrued but not yet
deducted. A maximum of five (5) partial withdrawals are allowed
each Coverage Year. The minimum partial withdrawal allowed is
$500.00. The maximum partial withdrawal is an amount equal to the
sum of the Cash Surrender Value, plus outstanding indebtedness
multiplied by .90% less any outstanding indebtedness. Hartford
currently imposes a partial withdrawal charge of $25. The Policy
Owner may transfer a Policy's Investment Division values to other
Investment Divisions.
(b) For each installment payment type of periodic payment plan
certificate of the trust, furnish the following information with
respect to sales load and other deductions from principal payments.
See response to Item 13(a)(1).
(c) State (1) the amount of sales load as a percentage of the net amount
invested, and (2) the amount of total deductions as a percentage of
the net amount invested for each type of security issued by the
trust.
(1) The amount of sales load as a percentage of the net amount
invested will not exceed 9.0%.
(2) The amount of the total deductions as a percentage of the net
amount invested will not exceed 10.25%.
16
<PAGE>
(d) Furnish a brief description of any loads, fees, expenses or charges
not covered in Item 13(a) which may be paid by security holders in
connection with the trust or its securities.
Hartford does not expect to incur any federal income tax on the
earnings or realized capital gains attributable to the Separate
Account. However, if Hartford incurs income taxes attributable to
the Separate Account or determines that such taxes may be incurred,
it may assess a charge for taxes against the Separate Account.
(e) State whether the depositor, principal underwriter, custodian or
trustee, or any affiliated person of the foregoing may receive
profits or other benefits not included in answer to Item 13(a) or
13(d) through the sale or purchase of the trust's securities or
interests in underlying securities, and describe fully the nature
and extent of such profits or benefits.
Neither Hartford, principal underwriter nor custodian of the Separate
Account nor any affiliated person of the foregoing, may receive any
profit or any other benefit not included in answer to Item 13(a) or
13(d) through the sale or purchase of the Certificate or Fund shares.
(f) State the percentage that the aggregate annual charges and deductions
for maintenance and other expenses of the trust, bear to the dividend
and interest income from the trust property during the period covered
by the financial statements filed herewith.
Not Applicable.
14. Describe the procedure with respect to applications (if any), and the
issuance and authentication of the trust's securities, and state the
substance of the provisions of any indenture or agreement pertaining
thereto.
A Participating Employer or a trust that is adopted by a Participating
Employer must complete an application on a form provided by Hartford.
Eligible employees of Participating Employers become covered under the
employer's group policy after completing an enrollment form. Acceptance of
an employee's enrollment form is subject to Hartford's underwriting rules
then in effect. The minimum face amount is $50,000.
15. Describe the procedure with respect to the receipt of payments from
purchasers of the trust's securities and the handling of the proceeds
thereof, and state the substance of the provisions of any indenture or
agreement pertaining thereto.
Depending upon the state of issuance of the Certificate, initial net
premiums will either be (1) invested in the Hartford Money Market
Investment Division during the right to examine period or (2) invested
immediately in the Investment Divisions the Owner elects. If initial
premiums were allocated to the Hartford Money Market Investment
Division, upon the expiration of the right to examine period, the
initial net premium will be allocated to the appropriate Investment
Divisions according to the Owner's original instructions. Subsequent
premium payments will be allocated according to the instructions then in
effect. The net investment results of each Investment Division vary with
the investment results of the Fund shares which are the underlying
investments of the Investment Division.
17
<PAGE>
16. Describe the procedure with respect to the acquisition of underlying
securities and the disposition thereof, and state the substance of the
provisions of any indenture or agreement pertaining thereto.
Depending on the state of issuance, Hartford will allocate the entire
premium to either the Hartford Money Market Investment Division or
according to the allocation instructions contained in the Owner's
enrollment form. At the expiration of the right to examine period
described in Item 15 above, if applicable, Hartford will transfer the
account balance in the Hartford Money Market Investment Division
according to the allocation instructions. Redemption of Fund shares may
be ordered by Hartford to permit the payment of benefits or amounts in
connection with requests for surrender, for loans or for other purposes
contemplated by the Certificates.
17. (a) Describe the procedure with respect to withdrawal or redemption by
security holders.
Any surrender by a Policy Owner may be made by communication in
writing to Hartford. A maximum of five (5) partial withdrawals are
allowed each Coverage Year. The minimum partial withdrawal allowed
is $500.00. The maximum partial withdrawal is an amount equal to
the Cash Surrender Value plus outstanding indebtedness, multiplied
by .90, less outstanding indebtedness. Hartford currently imposes a
$25.00 fee for processing partial withdrawals.
(b) Furnish the names of any persons who may redeem or repurchase, or
are required to redeem or repurchase, the trust's securities or
underlying securities from security holders, and the substance of
the provisions of any indenture or agreement pertaining thereto.
Hartford is required to honor withdrawal requests as described in
Items 10(c) and 17 (a). With respect to the Separate Account's
underlying securities, the Funds are required to redeem their shares
at net asset value and to make payment therefor within seven (7)
days.
(c) Indicate whether repurchased or redeemed securities will be cancelled
or may be resold.
When cash values under a Certificate are surrendered, those
securities are cancelled.
18. (a) Describe the procedure with respect to the receipt, custody and
disposition of the income and other distributable funds of the trust
and state the substance of the provisions of any indenture or
agreement pertaining thereto.
All income and other distributable funds of the Separate Account are
reinvested in Fund shares and are added to the assets of the Separate
Account.
(b) Describe the procedure, if any, with respect to the reinvestment of
distributions to security holders and state the substance of the
provisions of any indenture or agreement pertaining thereto.
Not Applicable.
18
<PAGE>
(c) If any reserves or special funds are created out of income or
principal, state with respect to each such reserve or fund the
purpose and ultimate disposition thereof, and describe the manner
of handling the same.
There are no reserves currently established in the Separate Account.
(d) Submit a schedule showing the periodic and special distributions
which have been made to security holders during the three (3) years
covered by the financial statements filed herewith. State for each
such distribution the aggregate amount and amount per share. If
distributions from sources other than current income have been
made, identify each such other source and indicate whether such
distribution represents the return of principal payments to
security holders. If payments other than cash were made, describe
the nature thereof, the account charged and the basis of
determining the amount of such charge.
No distributions have been made. The Separate Account has not
commenced operations.
19. Describe the procedure with respect to keeping of records and accounts of
the trust, the making of reports and the furnishing of information to
security holders, and the substance of the provisions of any indenture or
agreement pertaining thereto.
Hartford will undertake all administration with respect to the
Certificates and the Separate Account including making and
maintaining all records relating to Owner accounts and providing
reports to Participating Employers and Certificate Owners.
20. State the substance of the provisions of any indenture or agreement
concerning the trust with respect to the following:
(a) Amendments to such indenture or agreement.
See Item 10(g)(3) above.
(b) The extension or termination of such indenture or agreement.
Not Applicable.
(c) The removal or resignation of the trustee or custodian, or the
failure of the trustee or custodian to perform its duties,
obligations and functions.
Hartford performs all functions customarily performed by a custodian
or trustee. The Separate Account shall continue until the Separate
Account's assets have been completely distributed or liquidated and
the proceeds of the liquidation distributed by Hartford to Owners.
(d) The appointment of a successor trustee and the procedure if a
successor trustee is not appointed.
Not Applicable.
(e) The removal or resignation of the depositor, or the failure of the
depositor to perform its duties, obligations, and functions.
19
<PAGE>
See Item 20(c).
(f) The appointment of a successor depositor and the procedure if a
successor depositor is not appointed.
See Item 20(c).
21. (a) State the substance of the provisions of any indenture or agreement
with respect to loans to security holders.
An Owner may obtain a cash loan from Hartford. The maximum loan
amount is equal to the sum of the Cash Surrender Value plus
outstanding indebtedness, multiplied by .90, less outstanding
indebtedness.
(b) Furnish a brief description of any procedure or arrangement by which
loans are made available to security holders by the depositor,
principal underwriter, trustee or custodian, or any affiliated person
of the foregoing.
An Owner may obtain a cash loan from Hartford. The maximum loan
amount is equal to the sum of the Cash Surrender Value plus
outstanding indebtedness, multiplied by .90, less outstanding
indebtedness.
The amount of the loan will be transferred on a pro rata basis from
each of the Investment Divisions (unless the Owner specifies
otherwise) to a loan account. The amounts allocated to the Loan
Account will bear interest at a rate equal to the adjustable loan
interest rate minus 1% per annum.
The maximum adjustable loan interest rate is the greater of 5% and
the Published Monthly Average for the calendar month two months
prior to the date on which the adjustable loan interest rate is
determined. The Published Monthly Average means the "Moody's
Corporate Bond Yield Average-Monthly Average Corporate" or any
successor or substitute average, if necessary.
(c) If such loans are made, furnish the aggregate amount of loans
outstanding at the end of the last fiscal year, the amount of
interest collected during the last fiscal year allocated to the
depositor, principal underwriter, trustee or custodian or
affiliated person of the foregoing and the aggregate amount of
loans in default at the end of the last fiscal year covered by
financial statements filed herewith.
Not Applicable.
22. State the substance of the provisions of any indenture or agreement with
respect to limitations on the liabilities of the depositor, trustee or
custodian, or any other party to such indenture or agreement.
There is no such provision or agreement.
23. Describe any bonding arrangement for officers, directors, partners or
employees of the depositor or principal underwriter of the trust,
including the amount of coverage and the type of bond.
20
<PAGE>
A blanket fidelity bond has been issued by Aetna Casualty and Surety
Company in the aggregate of $50,000,000 covering the officers, directors
and employees of Hartford and affiliated companies.
24. State the substance of any other material provisions of any indenture or
agreement concerning the trust or its securities and a description of any
other material functions or duties of the depositor, trustee, or custodian
not stated on Item 10 or Items 14 to 23, inclusive.
The Certificate may be assigned as collateral for a loan or other
obligation. The Policy may change the Beneficiary (unless irrevocably
named) during the lifetime of the Insureds by written request to Hartford.
III. ORGANIZATION, PERSONNEL AND AFFILIATED PERSONS OF DEPOSITOR
ORGANIZATION AND OPERATIONS OF DEPOSITOR
25. State the form or organization of the depositor of the trust, the name of
the state or other sovereign power under the laws of which the depositor
was organized and the date of organization.
Hartford was originally incorporated in Massachusetts in 1902 as a stock
life insurance company. It was redomiciled in Connecticut in 1979.
26. (a) Furnish the following information with respect to all fees received
by the depositor of the trust in connection with the exercise of any
functions or duties concerning securities of the trust during the
period covered by the financial statements filed herewith.
Not Applicable.
(b) Furnish the following information with respect to any fee or any
participation in fees received by the depositor from any underlying
investment company or any affiliated person or investment adviser of
such company.
See Item 13(a).
27. Describe the general character of the business engaged in by the
depositor including a statement as to any business other than that of
depositor of the trust. If the depositor acts or has acted in any
capacity with respect to any investment company or companies other than
the trust, state the name or names of such company or companies, their
relationship, if any, to the trust, and the nature of the depositor's
activities therewith. If the depositor has ceased to act in such named
capacity, state the date of the circumstances surrounding such cessation.
Hartford conducts a life insurance business. Hartford is licensed to
conduct a life and health insurance business, both ordinary and group in
all states and the District of Columbia.
OFFICIALS AND AFFILIATED PERSONS OF DEPOSITOR
28. (a) Furnish as at latest practical date the following information with
respect to the depositor of the trust, with respect to each officer,
director, or partner of the depositor, and with respect to each
natural person directly or indirectly owning, controlling or holding
with power to vote 5% or more of the outstanding voting securities of
the depositor.
21
<PAGE>
(1) Officers and directors names - see table below.
The address for all officers and directors is:
P.O. Box 2999
Hartford, CT 06104
(2) Relationship - See table below.
(3) No officer or director owns 5% or more of the outstanding voting
securities of the depositor.
(4) Ownership of Trust
Not Applicable.
(5) Positions of officers and directors with other companies - see
table below.
(6) Hartford is a stock life insurance company ultimately owned by
Hartford Financial Services Group, Inc., a Delaware corporation.
Hartford is a subsidiary of Hartford Fire Insurance Company.
(b) Furnish a brief statement of the business experience during the last
five (5) years of each officer, director or partner of the depositor.
The following are the officers and directors of Hartford:
EXECUTIVE OFFICERS AND DIRECTORS
<TABLE>
<CAPTION>
POSITION WITH HARTFORD OTHER BUSINESS PROFESSION, VOCATION OR EMPLOYMENT
NAME, AGE YEAR OF ELECTION FOR PAST 5 YEARS; OTHER DIRECTORSHIPS
--------- ---------------------- -------------------------------------------------
<S> <C> <C>
Ahn, Dong H., 37 Vice President, 1998 Vice President (1998-Present), Hartford Life and Accident
Insurance Company.
Bossen, Wendell J., 64 Vice President, 1992** Vice President (1992-Present), Hartford Life and Accident
Insurance Company; President (1992-Present), International
Corporate Marketing Group, Inc.; Executive Vice President
(1984-1992), Mutual Benefit.
Boyko, Gregory A., 46 Senior Vice President, Chief Vice President and Controller (1995-1997), Hartford;
Financial Officer & Treasurer, Director (1997-Present); Senior Vice President, Chief
1997 Financial Officer & Treasurer (1997-Present); Vice
Director, 1997* President & Controller (1995-1997), Hartford Life and
Accident Insurance Company; Senior Vice President, Chief
Financial Officer & Treasurer (1997-Present), Hartford
Life, Inc.; Chief Financial Officer (1994-1995), IMG
American Life; Senior Vice President (1992-1994),
Connecticut Mutual Life Insurance Company.
</TABLE>
22
<PAGE>
<TABLE>
<S> <C> <C>
Cummins, Peter W., 60 Senior Vice President, 1997 Vice President (1989-1997); Director of Broker Dealer
Sales-ILAD (1989-1992), Hartford; Senior Vice President
(1997-Present) Vice President (1989-1997); Director of
Broker Dealer Sales-ILAD (1989-1991), Hartford Life and
Accident Insurance Company.
deRaismes, Ann M., 47 Senior Vice President, 1997 Vice President (1994-1997); Assistant Vice President
Director of Human Resources, 1991 (1992-1994); Hartford; Senior Vice President (1997-
Present); Director of Human Resources (1991-Present); Vice
President (1994-1997); Assistant Vice President
(1992-1994); Hartford Life and Accident Insurance Company;
Vice President, Human Resources (1997-Present), Hartford
Life, Inc.
Fitch, Timothy M., 45 Vice President, 1995 Assistant Vice President (1992-1995), Hartford; Vice
Actuary, 1994 President (1995-Present); Actuary (1994-Present); Assistant
Vice President (1992-1995), Hartford Life and Accident
Insurance Company.
Foy, David T., 31 Vice President, 1998 Assistant Vice President (1995-1998), Hartford; Vice
President (1998-Present), Hartford Life and Accident
Insurance Company.
Gardner, Bruce D., 47 Vice President, 1995 Director (1994-1997); General Counsel & Corporate Secretary
(1991-1995), Hartford; Vice President (1995-1997); Director
(1995-1997); General Counsel & Corporate Secretary (1991-
1995), Hartford Life and Accident Insurance Company.
Garrett, J. Richard, 53 Vice President, 1993 Treasurer (1986-1997), Hartford; Vice President
Assistant Treasurer, 1997 (1993-Present); Assistant Treasurer (1997-Present);
Treasurer (1983-1997), Hartford Life and Accident Insurance
Company; Treasurer (1977), The Hartford Financial Services
Group.
Ginnetti, John P., 52 Executive Vice President and Senior Vice President-Individual Life and Annuity Division
Director, Asset Management (1988-1994), Hartford; Director (1988-Present); Director
Services, 1994 (1988-Present); Executive Vice President & Director, Asset
Director, 1988* Management Services (1994-Present); Senior Vice President-
Individual Life and Annuity Division (1988-1994), Hartford
Life and Accident Insurance Company; Executive Vice
President, Asset Management, Hartford Life, Inc. (1997-
Present).
</TABLE>
23
<PAGE>
<TABLE>
<S> <C> <C>
Godfrey, III, William A., 41 Senior Vice President, 1997 Senior Vice President (1997-Present), Hartford; Senior Vice
President (1997-Present), Hartford Life and Accident
Insurance Company; Vice President Information Technology
(1997-Present), Hartford Life, Inc.
Godkin, Lynda, 44 Senior Vice President, 1997 Associate General Counsel (1995-1996); Assistant General
General Counsel, 1996 Counsel and Secretary (1994-1995), Counsel (1990-1994),
Corporate Secretary, 1995 Hartford; Director (1997-Present); Senior Vice President
Director, 1997* (1997-Present); General Counsel (1996-Present); Corporate
Secretary (1995-Present); Associate General Counsel
(1995-1996); Assistant General Counsel and Secretary
(1994-1995); Counsel (1990-1994), Hartford Life and
Accident Insurance Company; Vice President and General
Counsel (1997-Present), Hartford Life, Inc.
Grady, Lois W., 53 Senior Vice President, 1998 Vice President (1993-1998); Assistant Vice President
Vice President, 1993 (1987-1993), Hartford; Senior Vice President (1998); Vice
President (1993-1997); Assistant Vice President
(1987-1993), Hartford Life and Accident Insurance Company.
Graham, Christopher, 47 Vice President, 1997
Hunt, Mark E., 37 Vice President, 1998 Assistant Vice President (1997-1998), Hartford; Vice
President (1998-Present), Assistant Vice President (1997-
1998), Hartford Life and Accident Insurance Company.
Joyce, Stephen T., 39 Vice President, 1997 Assistant Vice President (1994-1997), Hartford; Assistant
Vice President (1994-1997), Hartford Life and Accident
Insurance Company.
Keeler, Michael D., 37 Vice President, 1998 Vice President (1998-Present); Hartford Life and Accident
Insurance Company.
Kerzner, Robert A., 46 Senior Vice President, 1998 Vice President (1995-1998); Regional Vice President
Vice President, 1997 (1991-1994), Hartford, Vice President (1994-1997), Hartford
Life and Accident Insurance Company.
Levenson, David N., 31 Vice President, 1998 Assistant Vice President (1995-Present), Hartford.
</TABLE>
24
<PAGE>
<TABLE>
<S> <C> <C>
Maher, Steven M., 43 Vice President, 1992 Assistant Vice President (1987-1992), Hartford; Vice
Actuary, 1987 President (1993-Present); Actuary (1987-Present); Assistant
Vice President (1987-1983), Hartford Life and Accident
Insurance Company.
Malchodi, Jr., William B., 50 Vice President, 1994 Director of Taxes, Hartford (1991-1998); Director of Taxes
(1992-1998), Hartford Life and Accident Insurance Company.
Marra, Raymond J., 37 Vice President, 1998 Assistant Vice President (1997-Present), Hartford; Vice
President (1998-Present), Assistant Vice President (1994-
1997), Hartford Life and Accident Insurance Company.
Marra, Thomas M., 39 Executive Vice President, 1995 Senior Vice President (1994-1995); Vice President (1989-
Director, Individual Life and 1994); Actuary (1987-1995), Hartford; Director (1994-
Annuity Division, 1994 Present); Executive Vice President (1995-Present); Senior
Director, 1994* Vice President (1994-1995); Director, Individual Life and
Annuity Division (1994-Present); Actuary (1987-1997),
Hartford Life and Accident Insurance Company; Executive
Vice President, Individual Life and Annuities (1997-
Present), Hartford Life Inc.
Nolan, Robert F., Jr., 43 Senior Vice President, 1997 Vice President (1995-1997); Assistant Vice President (1992-
1995), Hartford; Vice President (1995-1997); Assistant Vice
President (1992-1995), Hartford Life and Accident Insurance
Company; Vice President, Corporate Relations (1997-
Present), Hartford Life, Inc.; Manager, Public Relations
(1986), Aetna Life and Casualty Insurance Company.
Noto, Joseph J., 46 Vice President, 1989 Executive Vice President & Chief Operating Officer (1997-
Present); Director (1994-Present); President (1994-1997),
American Maturity Life Insurance Company; Vice President
(1989-1997), Hartford Life and Accident Insurance Company.
</TABLE>
25
<PAGE>
<TABLE>
<S> <C> <C>
O'Halloran, C. Michael, 51 Vice President, 1994 Senior Associate General Counsel (1988-1997), Hartford;
Vice President (1994-Present); Senior Associate General
Counsel (1988-1997), Hartford Life and Accident Insurance
Company; Corporate Secretary (1997-Present), Hartford Life,
Inc.; Vice President (1994-Present); Senior Associate
General Counsel (1988-Present); Director of Corporate Law
(1994-Present), The Hartford Financial Services Group.
O'Rourke, Lawrence M., 44 Vice President, 1998 Vice President (1998-Present), Hartford Life and Accident
Insurance Company.
O'Sullivan, Daniel E., 43 Vice President, 1998 Vice President (1998-Present), Hartford Life and Accident
Insurance Company.
Raymond, Craig R., 37 Senior Vice President, 1997 Vice President (1993-1997); Assistant Vice President
Chief Actuary, 1994 (1992-1993); Actuary (1990-1994), Hartford; Senior Vice
President (1997-Present); Chief Actuary (1995-Present);
Vice President (1993-1997); Actuary (1990-1995), Hartford
Life and Accident Insurance Company; Vice President and
Chief Actuary (1997-Present), Hartford Life, Inc.
Robinson, Mary P., 38 Vice President, 1998 Assistant Vice President (1995-1998), Hartford; Assistant
Vice President(1995-1998), Hartford Life and Accident
Insurance Company.
Salama, Donald A., 50 Vice President, 1997 Vice President (1997-Present), Hartford Life and Accident
Insurance Company.
Schlitz, Timothy P., 37 Vice President, 1997 Assistant Vice President (1994-1997), Hartford, Vice
President (1997-Present); Assistant Vice President (1994-
1997), Hartford Life and Accident Insurance Company;
Consulting Actuary (1992-1993), Milliman & Robertson, Inc.;
Consulting Actuary (1988-1992) Chalke Incorporated.
Smith, Lowndes A., 58 President, 1989 Chief Operating Officer (1989-1997), Hartford; Director
Chief Executive Officer, 1997 (1981-Present); President (1989-Present); Chief Executive
Director, 1981* Officer (1997-Present); Chief Operating Officer (1989-
1997), Hartford Life and Accident Insurance Company; Chief
Executive Officer and President and Director (1997-
Present), Hartford Life, Inc.
Stevenson, Keith A., 44 Vice President, 1998
</TABLE>
26
<PAGE>
<TABLE>
<S> <C> <C>
Sweeney, Edward A., 51 Vice President, 1993 Chicago Regional Manager (1985-1993), Hartford; Vice
President (1993-Present), Hartford Life and Accident
Insurance Company.
Tilbor, Judith V., 46 Vice President, 1998 Assistant Vice President (1994-1998), Hartford; Vice
President (1998-Present), Assistant Vice President (1994-
1998), Hartford Life and Accident Insurance Company.
Welnicki, Raymond P., 49 Senior Vice President & Director, Vice President (1993-1994), Hartford; Director (1994-
Employee Benefit Division, 1994 Present); Senior Vice President (1995-Present); Director,
Director, 1994* Employee Benefit Division (1997-Present); Vice President
(1993-1995), Hartford Life and Accident Insurance Company;
Senior Vice President, Employee Benefits (1997-Present),
Hartford Life, Inc., Board of Directors, Ethix Corp.
Welsh, Walter, C., 51 Senior Vice President, 1997 Vice President (1995-1997); Assistant Vice President
(1992-1995), Hartford; Senior Vice President (1997-
Present); Vice President (1995-1997); Assistant Vice
President (1992-1995), Hartford Life and Accident Insurance
Company; Vice President Government Affairs (1997-Present),
Hartford Life, Inc.
Zlatkus, Lizabeth H., 39 Senior Vice President, 1997 Vice President (1994-1997); Assistant Vice President (1992-
Director, 1994* 1994), Hartford; Director (1994-Present); Senior Vice
President (1997-Present); Vice President (1994-1997);
Assistant Vice President (1992-1994), Hartford Life and
Accident Insurance Company; Vice President, Group Life and
Disability (1997-Present), Hartford Life, Inc.
Znamierowski, David M., 38 Senior Vice President, 1997 Vice President (1997), Hartford; Director (1998-Present);
Director, Risk Management Senior Vice President (1997-Present); Hartford Life and
Strategy, 1996 Accident Insurance Company; Vice President, Investment
Director, 1998 Strategy (1997-Present), Hartford Life, Inc.; Vice
President, Investment Strategy & Policy, Aetna Life and
Casualty.
</TABLE>
__________
* Denotes date of election to Board of Directors of Hartford. ** Affiliated
Company of The Hartford Financial Services Group, Inc.
Unless otherwise indicated, the principal business address of each the
above individuals is P.O. Box 2999, Hartford,CT 06104-2999.
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<PAGE>
29. Furnish as at latest practicable date the following information with
respect to each company which directly or indirectly owns, controls or
holds with power to vote five (5%) or more of the outstanding voting
securities of the depositor.
Hartford is ultimately owned by Hartford Financial Services Group, Inc., a
Delaware corporation. Hartford is a subsidiary of Hartford Fire Insurance
Company.
CONTROLLING PERSONS
30. Furnish as at latest practicable date the following information with
respect to any person, other than those covered by Item 28, 29 and 42, who
directly or indirectly controls the depositor.
None.
COMPENSATION OF OFFICERS OF DEPOSITOR
31. Furnish the following information with respect to the remuneration for
services paid by the depositor during the last fiscal year covered by
financial statements filed herewith:
(a) directly to each of the officers or partners of the depositor directly
receiving the three highest amounts of remuneration:
Not applicable, as of the date hereof the Separate Account had not yet
commenced operations.
(b) directly to all officers or partners of the depositor as a group
exclusive of persons whose remuneration is included under Item 31(a),
stating separately the aggregate amount paid by the depositor itself
and the aggregate amount paid by all the subsidiaries:
Not applicable, as of the date hereof the Separate Account had not yet
commenced operations.
(c) indirectly or through subsidiaries to each of the officers or partners
of the depositor:
Not applicable, as of the date hereof the Separate Account had not yet
commenced operations.
COMPENSATION OF DIRECTORS OF DEPOSITOR
32. Furnish the following information with respect to the remuneration for
services, exclusive of remuneration reported under Item 31, paid by the
depositor during the last fiscal year covered by financial statements filed
herewith:
(a) the aggregate direct remuneration to directors:
Not applicable, see Item 31.
(b) indirectly, or through subsidiaries, to directors:
Not applicable, see Item 31.
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<PAGE>
COMPENSATION TO EMPLOYEES
33. (a) Furnish the following information with respect to the aggregate amount
of remuneration for services of all employees of the depositor
(exclusive of persons whose remuneration is reported in Items 31 and
32) who received remuneration in excess of $10,000 during the last
fiscal year covered by financial statements filed herewith from the
depositor and any of its subsidiaries.
Not applicable, see Item 31.
(b) Furnish the following information with respect to the remuneration for
services paid directly during the last fiscal year covered by
financial statements filed herewith to the following classes of
persons (exclusive of those persons covered by Item 33(a)): (1) sales
manager, branch managers, district managers and other persons
supervising the sale of registrant's securities; (2) salesmen, sales
agents, canvassers and other persons making solicitations but not in
supervisory capacity; (3) administrative and clerical employees; and
(4) others (specify). If a person is employed in more than one
capacity, classify according to predominant type of work.
Not applicable, see Item 31.
COMPENSATION TO OTHER PERSONS
34. Furnish the following information with respect to the aggregate amount of
compensation for services paid any persons (exclusive of persons whose
remuneration is reported in Item 31, 32 and 33), whose aggregate
compensation in connection with services rendered with respect to the trust
in all capacities exceeded $10,000 during the last fiscal year covered by
financial statements filed herewith from the depositor and any of its
subsidiaries.
Not applicable, see Item 31.
IV. DISTRIBUTION AND REDEMPTION OF SECURITIES
DISTRIBUTION OF SECURITIES
35. Furnish the names of the states in which sales of the trust's securities
(A) are currently being made, (B) are presently proposed to be made, and
(C) have been discontinued, indicating by appropriate letter the status
with respect to each state.
No sales of the Policies/Certificates have been made or are currently being
made. It is presently proposed to sell the Policies/Certificates in the
states where Hartford is licensed to do business.
36. If sales of the trust's securities have at any time since January 1, 1936
been suspended for more than a month describe briefly the reasons for such
suspension.
Not Applicable.
37. (a) Furnish the following information with respect to each instance where
subsequent to January 1, 1937 any Federal or state governmental
officer, agency or regulatory body denied authority to distribute
securities of the trust, excluding a denial which was
29
<PAGE>
merely a procedural step prior to any determination by such officer,
etc. and which denial was subsequently rescinded.
(1) Name of officer, agency or body.
(2) Date of denial.
(3) Brief statement of reasons given for denial.
Not Applicable.
(b) Furnish the following information with regard to each instance where,
subsequent to January 1, 1937 the authority to distribute securities
of the trust has been revoked by any Federal or state governmental
officer, agency or regulatory body.
(1) Name of officer, agency or body.
(2) Date of revocation.
(3) Brief statement of reason given for revocation.
Not Applicable
38. (a) Furnish a general description of the method of distribution of
securities of the trust.
Hartford intends to sell the Group Policies in all jurisdictions where
it is licensed to do business. The Group Policies will be sold by life
insurance sales representatives who represent Hartford and who are
registered representatives of Hartford Equity Sales Company, Inc.
("HESCO"), or certain other registered broker-dealers. Any sales
representative or employee will have been qualified to sell variable
life insurance policies under applicable Federal and state laws. Each
broker-dealer is registered with the Securities and Exchange
Commission under the Securities Exchange Act of 1934 and all are
members of the National Association of Securities Dealers, Inc. HESCO
is the principal underwriter for the Policies.
(b) State the substance of any current selling agreement between each
principal underwriter and the trust or the depositor, including a
statement as to the inception and termination dates of the agreement,
any renewal and termination provisions, and any assignment provisions.
Hartford intends to execute an agreement between Hartford Equity Sales
Company, Inc. and Hartford whereby the underwriter will distribute the
Policies. The agreement will be effective on the date executed and
will continue in effect for a period of two years from that date. The
agreement, unless sooner terminated, shall continue in effect from
year to year provided that its continuance is specifically approved
annually by a vote of a majority of the Board of Directors. The
agreement may also be terminated by either party upon sixty (60) days
notice, and shall immediately terminate in the event of its
assignment.
(c) State the substance of any current agreements or arrangements of each
principal underwriter with dealers, agents, salesmen, etc., with
respect to commissions and overriding commissions, territories,
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<PAGE>
franchises, qualifications and revocations. If the trust is the
issuer of periodic payment plan certificates, furnish schedules of
commissions and the bases thereof. In lieu of a statement concerning
schedules of commissions, such schedules of commissions may be filed
as Exhibit A(3)(c).
See Exhibit A(3)(c).
INFORMATION CONCERNING PRINCIPAL UNDERWRITER
39. (a) State the form of organization of each principal underwriter of
securities of the trust, the name of the state or other sovereign
power under the laws of which each underwriter was organized and the
date of organization.
The Principal Underwriter is a corporation organized under the laws of
the state of Connecticut on July 3, 1973.
(b) State whether any principal underwriter currently distributing
securities of the trust is a member of the National Association of
Securities Dealers, Inc.
The Group Policies are not currently being distributed. However, the
Principal Underwriter is a member of the National Association of
Securities Dealers, Inc.
40. (a) Furnish the following information with respect to all fees received by
each principal underwriter of the trust from the sale of securities of
the trust and any other functions in connection therewith exercised by
such underwriter in such capacity or otherwise during the period
covered by the financial statements filed herewith.
Not Applicable.
(b) Furnish the following information with respect to any fee or any
participation in fees received by each principal underwriter from any
underlying investment company or any affiliated person or investment
adviser of such company:
(1) The nature of such fee or participation.
(2) The name of the person making payment.
(3) The nature of the services rendered in consideration for such fee
or participation.
(4) The aggregate amount received during the last fiscal year covered
by the financial statements filed herewith.
Not Applicable.
41. (a) Describe the general character of the business engaged in by each
principal underwriter, including a statement as to any business other
than the distribution of securities of the trust. If a principal
underwriter acts or has acted in any capacity with respect to any
investment company or companies, other than the trust, state the name
or names of such company or companies, their relationship, if any, to
the trust and the nature of such activities. If a
31
<PAGE>
principal underwriter has ceased to act in such named capacity, state
the date of and the circumstances surrounding such cessation.
The principal underwriter is registered as a broker-dealer with the
NASD and acts as the principal underwriter for Separate Account VL I,
Separate Account VL II, and ICMG Secular Trust Separate Account, each
a separate account of Hartford; and Separate Account VL I, Separate
Account VL II, and ICMG Registered Life Separate Account, each a
separate of Hartford Life and Annuity Insurance Company, an affiliate
of Hartford.
(b) Furnish as at latest practicable date the address of each branch
office of each principal underwriter currently selling securities of
the trust and furnish the names and residence address of the person in
charge of such office.
Not Applicable.
(c) Furnish the number of individual salesmen of each principal
underwriter through whom any of the securities of the trust were
distributed for the last fiscal year of the trust covered by the
financial statements filed herewith and furnish the aggregate amount
of compensation received by such salesmen in such year.
Not Applicable.
42. Furnish as at latest practicable date the following information with
respect to each principal underwriter currently distributing securities of
the trust and with respect to each of the officers, directors or partners
of such underwriter.
Not Applicable.
43. Furnish, for the last fiscal year covered by the financial statements filed
herewith, the amount of brokerage commissions received by any principal
underwriter who is a member of a national securities exchange and who is
currently distributing the securities of the trust or effecting
transactions for the trust in the portfolio securities of the trust.
Not Applicable.
44 (a) Furnish the following information with respect to the method of
valuation used by the trust for purpose of determining the offering
price to the public of securities issued by the trust or the valuation
of shares or interests in the underlying securities acquired by the
holder of a periodic payment plan certificate:
Premiums to be allocated to the Separate Account will be invested at
net asset value in any of the Funds in accordance with the selection
made by the Owner. Allocations are then made among the Investment
Divisions of the Separate Account.
The Investment Value will fluctuate in accordance with the investment
results of the Investment Divisions. The Investment Value on any
Valuation Day is calculated by multiplying the number of Accumulation
Units credited to the Certificate in each Investment Division as of
the Valuation Day by the then Accumulation Unit Value of that
Investment Division and then summing the result for all the
32
<PAGE>
Investment Divisions credited to the Certificate and the value of the
amounts transferred to the loan accounts.
(b) Furnish a specimen schedule showing the components of the offering
price of the trust's securities as at the latest practicable date.
No Group Policies/Certificates have been offered for sale to the
public.
(c) If there is any variation in the offering price of the trust's
securities to any person or classes of person other than underwriters,
state the nature and amount of such variation and indicate the person
or classes of persons to whom such offering is made.
Front-end sales loads which cover expenses relating to the sale and
distribution of the Certificates may be reduced for certain sales of
the Certificates under circumstances which results in savings of such
sales and distribution expenses.
45. Furnish the following information with respect to any suspension of the
redemption rights of the securities issued by the trust during the three
fiscal years covered by the financial statement filed herewith:
(a) by whose action redemption rights were suspended.
(b) the number of days' notice given to security holders prior to
suspension of redemption rights.
(c) reason for suspension.
(d) period during which suspension was in effect.
Not Applicable.
REDEMPTION VALUATION OF SECURITIES OF THE TRUST
46. (a) Furnish the following information with respect to the method of
determining the redemption or withdrawal valuation of securities
issued by the trust:
(1) The sources of quotations used to determine the value of
portfolio securities.
Provided by the custodian for the Fund and will be used to value
Accumulation Units issued with respect to each of the respective
Investment Divisions of the Separate Account.
(2) Whether opening, closing, bid, asked or any other price is used.
Net Asset Value is used.
(3) Whether price is as of the day of sale or as of any other time.
As of the next Valuation Day.
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<PAGE>
(4) A brief description of the methods used by registrant for
determining other assets and liabilities including accrual for
expenses and taxes (including taxes on unrealized appreciation).
See Items 13(d), 17(a) and 18(c).
(5) Other items which registrant deducts from the net asset value in
computing redemption value of its securities.
See above.
(6) Whether adjustments are made for fractions.
Not Applicable.
(b) Furnish a specimen schedule showing the components of the redemption
price to the holders of the trust's securities as at the latest
practicable date.
As of the date hereof, no Group Policies/Certificates have been
offered for sale.
PURCHASE AND SALE OF INTERESTS IN UNDERLYING SECURITIES FROM AND TO SECURITY
HOLDERS
47. Furnish a statement as to the procedure with respect to the maintenance of
a position in the underlying securities or interests in the underlying
securities, the extent and nature thereof and the person who maintains such
a position. Include a description of the procedure with respect to the
purchase of underlying securities or interests in the underlying securities
from security holders who exercise redemption or withdrawal rights and the
sale of such underlying securities and interests in the underlying
securities to other security holders. State whether the method of
valuation of such underlying securities or interest in underlying
securities differs from that set forth in Items 44 and 46. If any item of
expenditure included in the determination of the valuation is not or may
not actually be incurred or expended, explain the nature of such item and
who may benefit from the transaction.
No person maintains a position in the underlying securities held in the
Separate Account. Any of the Fund shares tendered for redemption will be
redeemed at their per share net asset value. Reference is made to Item 46
for a description of the redemption procedure. Redeemed Fund shares are
cancelled and may not be reissued. The method of valuation of such
underlying securities does not differ from that set forth in Items 44 and
46.
V. INFORMATION CONCERNING THE TRUSTEE OR CUSTODIAN
48. Furnish the following information as to each trustee or custodian of the
trust:
(a) Name and principal business address.
Hartford will perform all functions normally performed by a custodian.
Its address is:
34
<PAGE>
Hartford Life Insurance Company
P.O. Box 2999
Hartford, Connecticut 06104
(b) Form of organization.
Hartford is a corporation.
(c) State or other sovereign power under the laws of which the trustee or
custodian was organized.
Hartford Life Insurance Company was originally incorporated under the
laws of Massachusetts on June 5, 1902. It was subsequently redomiciled
to Connecticut.
(d) Name of governmental supervising or examining authority.
Hartford as an insurance company is subject to regulation by the
Connecticut Insurance Department.
49. State the basis for payment of fees or expenses of the trustee or custodian
for services rendered with respect to the trust and its securities, and the
aggregate amount thereof for the last fiscal year. Indicate the person
paying such fees or expenses. If any fees or expenses are prepaid, state
the unearned amounts.
Not Applicable.
50. State whether the trustee or custodian or any other person has or may
create a lien on the assets of the trust, and if so, give full particulars
outlining the substance of the provisions of any indenture or agreement
with respect thereto.
Neither Hartford nor any other person may create a lien on the assets of
the registrant Separate Account.
VI. INFORMATION CONCERNING INSURANCE OF HOLDERS OF SECURITIES
51. Furnish the following information with respect to insurance of holders of
securities:
(a) The name and address of the insurance company.
Hartford Life Insurance Company
P.O. Box 2999
Hartford, CT 06104
(b) The types of policies and whether individual or group policies.
The Policies are flexible premium variable life insurance policies and
are issued on a group basis to Participating Employers. Individual
certificates are issued to eligible employees of the Participating
Employers.
(c) The types of risks insured and excluded.
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<PAGE>
No other benefits are provided through the Separate Account. A death
benefit is payable to the beneficiary upon the death of the insured
person. There are no exclusions.
(d) The coverage of policies.
See paragraph (c) of this item.
(e) The beneficiaries of such policies and the uses to which the proceeds
of policies must be put.
The recipient of the benefits of the insurance undertakings described
in Item 51(c) is the Beneficiary. There is no limitation on the use of
the proceeds.
(f) The terms and manner of cancellation and of reinstatement.
The insurance undertakings described in Item 51(c) are integral parts
of the Policy and may not be terminated while the Policy remains in
effect.
(g) The method of determining the amount of premiums to be paid by holders
of securities.
See Item 13(a) for the information on the amount and method of
assessing the charges for the insurance undertakings described in Item
51(b).
(h) The amount of aggregate premiums paid to the insurance company during
the last fiscal year.
Not Applicable.
(i) Whether any person other than the insurance company receives any part
of such premiums, the name of each person and the amount involved, and
the nature of the services rendered therefor.
No person other than Hartford receives the amounts deducted for:
(1) cost of insurance; (2) administration and other expenses;
(3) state premium tax and federal taxes; and (4) mortality and expense
risks.
Hartford may reinsure all or a portion of the risk and would pay a
reinsurance premium for such reinsurance.
(j) The substance of any other material provisions of any indenture or
agreement of the trust relating to insurance.
Not Applicable.
VII. POLICY OF REGISTRANT
52. (a) Furnish the substance of the provisions of any indenture or agreement
with respect to the conditions upon which and the method of selection
by which particular portfolio securities must or may be eliminated
from the assets of the trust or must or may be replaced by other
portfolio securities. If an investment adviser or other person is to
be employed in connection with such selection,
36
<PAGE>
elimination or substitution, state the name of such person, the nature
of any affiliation to the depositor, trustee or custodian, and any
principal underwriter, and the amount of remuneration to be received
for such services. If any particular person is not designated in the
indenture or agreement, describe briefly the method of selection of
such person.
Hartford may not substitute another security for the underlying
securities of the trust without notice to and consent by Owners and
unless the Securities and Exchange Commission shall have approved such
substitution.
(b) Furnish information with respect to each transaction involving the
elimination of any underlying security during the period covered by
the financial statements filed herewith.
Not Applicable.
(c) Describe the policy of the trust with respect to the substitution and
elimination of the underlying securities of the trust with respect to:
(1) the grounds for elimination and substitution;
Shares of another Fund may be substituted for those of any of the
current Funds if shares of any of these Funds are no longer
available for investment, or if, in the judgment of Hartford's
management, further investment in shares of any Fund should
become inappropriate in view of the purposes of the Policies.
(2) the type of securities which may be substituted for any
underlying security;
Shares of another Fund.
(3) whether the acquisition of such substituted security or
securities would constitute the concentration of investment in a
particular industry or group of industries or would conform to a
policy of concentration of investment in a particular industry or
group of industries;
The method of substitution, as described in 52(a), would not
result in the concentration of investment in a particular
industry or group of industries or would conform to such a
policy.
(4) whether such substituted securities may be the securities of
another investment company; and
See Item 52(a)
(5) The substance of the provisions of any indenture or agreement
which authorize or restrict the policy of the registrant in this
regard.
See Item 52(a).
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<PAGE>
(d) Furnish a description of any policy (exclusive of policies covered by
paragraphs (a) and (b) herein) of the trust which is deemed a matter
of fundamental policy and which is elected to be treated as such:
None.
REGULATED INVESTMENT COMPANY
53. (a) State the taxable status of the trust.
Hartford is taxed as a life insurance company under the Code. Since
the Separate Account is not a separate entity from Hartford and its
operations form a part of Hartford, it will not be taxed separately as
a "regulated investment company" under Sub-chapter M of the Code.
(b) State whether the trust qualified for the last taxable year as a
regulated investment company as defined in Section 851 of the Internal
Revenue Code of 1954, and state its present intention with respect to
such qualification during the current taxable year.
Not Applicable.
VIII. FINANCIAL AND STATISTICAL INFORMATION
54. If the trust is not the issuer of periodic payment plan certificates, a
transcript of a hypothetical account shall be filed in approximately the
following form on the basis of the certificate calling for the smallest
amount of payments. The schedule shall cover a certificate of the type
currently being sold assuming that such certificate had been sold at a date
approximately ten years prior to the date of registration or at the
approximate date of organization of the trust.
Not Applicable.
55. If the trust is the issuer of periodic payment plan certificates, a
transcript of a hypothetical account shall be filed in approximately the
following form on the basis of the certificate calling for the smallest
amount of payments. The schedule shall cover a certificate of the type
currently being sold assuming that such certificate of the type currently
being sold at a date approximately ten years prior to the date of
registration or at the approximate date of organization of the trust.
Not Applicable.
56. If the trust is the issuer of the periodic payment plan certificates,
furnish by years for the period covered by the financial statements filed
herewith in respect of certificates sold during such period, the following
information for each fully paid type and each installment payment type of
periodic payment plan certificate currently issued by the trust.
Not Applicable.
57. If the trust is the issuer of periodic payment certificates, furnish by
years for the period covered by the financial statements filed herewith the
following information for each installment payment type of periodic payment
plan certificate currently being issued by the trust.
Not Applicable.
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<PAGE>
58. If the trust is the issuer of periodic payment plan certificates, furnish
the following information for each installment payment type of periodic
payment plan certificates outstanding as at the latest practicable date.
Not Applicable.
59. Financial Statements:
FINANCIAL STATEMENTS OF THE TRUST
No financial statements are filed for the Separate Account. It has not yet
commenced operations, has no assets or liabilities and has received no
income nor incurred any expense. Financial statements will be included in
an Amended Registration Statement listed on Form S-6 filed by the
registrant pursuant to the Securities Act of 1933.
FINANCIAL STATEMENT OF THE DEPOSITOR
The financial statements of Hartford will be included in an Amended
Registration Statement on Form S-6 filed by the registrant pursuant to the
Securities Act of 1933.
EXHIBITS
A. (1) Resolution of Board of Directors of Hartford authorizing the
establishment of ICMG Registered Variable Life Separate Account A.*
(2) Not applicable.
(3)(a) Principal Underwriting Agreement.**
(3)(b) Form of Selling Agreements.**
(3)(c) Not Applicable.
(4) Not Applicable.
(5) Form of Certificate for Group Flexible Premium Variable Life Insurance
Policy.*
(6)(a) Charter of Hartford.***
(6)(b) Bylaws of Hartford.****
(7) Not Applicable.
(8) Not Applicable.
(9) Not Applicable.
(10) Form of Enrollment Form for Certificate Issued Under Group Flexible
Premium Variable Life Insurance Policies.*
B. (1) Not Applicable.
39
<PAGE>
(2) Not Applicable.
C. Not Applicable.
__________
* Incorporated by reference to the Registration Statement on Form S-6 of ICMG
Registered Variable Life Separate Account A, filed contemporaneously with
the Securities and Exchange Commission.
** To be filed by amendment.
*** Incorporated by reference to Post-Effective Amendment No. 4 to the
Registration Statement on Form S-6, File No. 33-83656, of Hartford Life
Insurance Company filed with the Securities and Exchange Commission on
April 14, 1997.
**** Incorporated by reference to Post-Effective Amendment No. 3 to the
Registration Statement on Form S-6, File No. 33-83656, of Hartford Life
Insurance Company filed with the Securities and Exchange Commission on
May 1, 1996.
40
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SIGNATURE
Pursuant to the requirements of the Investment Company Act of 1940, the
Sponsor/Depositor of the Registrant has caused this Registration Statement to be
duly signed on behalf of the Registrant in the City of Simsbury and State of
Connecticut on the 3rd day of August, 1998.
ICMG Registered Variable Life Separate
Account A
(Registrant)
By: Hartford Life Insurance Company
(Sponsor/Depositor)
By: /s/ Lynda Godkin
----------------------------------
Lynda Godkin
Senior Vice President, General
Counsel and Secretary
41