As filed with the Securities and Exchange Commission on April _____, 1999
File No. _______________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
- --------------------------------------------------------------------------------
COLUMBUS LIFE INSURANCE COMPANY SEPARATE ACCOUNT 1
(Name of Unit Investment Trust)
400 EAST FOURTH STREET
CINCINNATI, OH 45202
(Address of Registrant)
___ Not the issuer of periodic payment plan certificates.
XX Issuer of periodic payment plan certificates only for
the purposes of information provided herein.
<PAGE>
Certain items of Form N-8B-2 are inapplicable to Registrant pursuant to the
administrative practice of the Commission and its staff of adapting the
disclosure requirements of the Commission's registration statement forms in
recognition of the difference between variable life insurance policies and other
periodic payment plan certificates issued by investment companies and between
separate accounts organized as management companies and unit investment trusts.
See the reconciliation and tie sheet contained in Registrant's Registration
Statement on Form S-6 under the Securities Act of 1933. The Form S-6 was filed
contemporaneously with this Registration Statement on Form N-8B-2. The
reconciliation and tie sheet is incorporated herein by reference.
I.
ORGANIZATION AND GENERAL INFORMATION
1. (a) Furnish name of the trust and the Internal Revenue Service Employer
Identification Number.
Columbus Life Insurance Company Separate Account 1
(the "Separate Account")
I.R.S. Employer Identification Number: None
(b) Furnish title of each class or series of securities issued by the
trust.
Flexible Premium Variable Universal Life Insurance Policies
(the "Policies"). No Policies have been issued as of the date
of this filing.
2. Furnish name and principal business address and ZIP Code and the Internal
Revenue Service Employer Identification Number of each depositor of the
trust.
Columbus Life Insurance Company (the "Company" or "Columbus Life"),
400 East Fourth Street, Cincinnati, Ohio 45202
I.R.S. Employer Identification Number: 31-1191427
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.
There is no custodian or trustee for the Separate Account.
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 have been distributed or are being distributed currently.
When distribution begins, the following person will be the principal
underwriter:
Touchstone Securities, Inc.(the "Underwriter"), 311 Pike Street,
Cincinnati OH 45202
I.R.S. Employer Identification Number: 47-6046379
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<PAGE>
5. Furnish name of state or other sovereign power, the laws of which govern
with respect to the organization of the trust.
Ohio
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.
There is no indenture or agreement under the terms of which
the Separate Account was organized or proposes to issue
Policies. The Separate Account was organized and the Policies
will be issued pursuant to a resolution of the Board of
Directors of the Company adopted on September 10, 1998.
The Separate Account will continue in existence until
terminated by liquidation, merger, reorganization or other
similar transaction.
(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.
Not applicable.
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 has
never been changed, so state. [chart omitted]
The name of the Separate Account has never been changed.
8. State the date on which the fiscal year of the trust ends.
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 of 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, although immaterial itself, is
representative of, or one of, a group which in the aggregate is material.
There are no pending legal proceedings that are material with respect
to prospective purchasers of the Policies, to which the Separate
Account, the Company, or the Underwriter is a party or of which the
assets of the Separate Account are the subject. There are no pending
administrative proceedings commenced by or known to be contemplated by
a governmental authority that are material with respect to prospective
purchasers of the Policies, to which the Separate Account, the Company,
or the Underwriter is a party or of which the assets of the Separate
Account are the subject.
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<PAGE>
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 are of the registered type, insofar as a Policy
is owned by the person named in the Policy as owner, and
records are kept by Columbus Life concerning the Policy owner.
(b) Whether the securities are of the cumulative or distributive type.
The Policies are of the cumulative type, insofar as earnings
in the Separate Account are reflected in Policy benefits and
are not distributed.
(c) The rights of security holders with respect to withdrawal or redemption.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
prospectus (the "Prospectus"), as amended or supplemented,
which was filed as part of Registrant's Registration Statement
on Form S-6 (the "Form S-6") under the Securities Act of 1933.
The Form S-6 was filed contemporaneously with this
Registration Statement on Form N-8B-2 (the "Form N-8B-2").
Prospectus Heading Prospectus Sub-Heading
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Purchasing Your Policy 10-Day Review Period
Borrowing Your Money Cancellation Based on Loan Account Value
Withdrawing Your Money Canceling Your Policy
Death Benefit Death Benefit Options
Payment of Policy Proceeds All sections under this Prospectus Heading
Charges Surrender Charges
Continuation of Your Policy Continuation of Insurance Coverage
Continuation Under the Term No-Lapse
Guarantee Provision
Continuation Under the Lifetime No-Lapse
Guarantee Provision
Grace Periods
Termination of Your Policy
Other Information about Conversion to a Fixed Policy
Your Policy Termination of Your Policy
-4-
<PAGE>
(d) The rights of security holders with respect to conversion, transfer,
partial redemption, and similar matters.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-------------------------------------------------------------------------
Purchasing Your Policy Specified Amount and Minimum Issue Limit
Borrowing Your Money All sections under this Prospectus Heading
Withdrawing Your Money Partial Withdrawals
Processing Withdrawals
Death Benefits Changing Your Specified Amount
Charges for Changing Specified Amount or
Death Benefit Option
Payment of Policy Proceeds All sections under this Prospectus Heading
Charges Surrender Charges
(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.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-------------------------------------------------------------------------
Premium Payments Planned Premium
Changing Your Planned Premium
Skipping Planned Premium Payments
Investor Alert
Continuation of Your Policy All sections under this Prospectus Heading
(f) The substance of the provisions of any indenture or agreement
with respect to voting rights, together with the names of any
persons other 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.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-------------------------------------------------------------------------
Voting Rights There are no sub-headings in this section.
Columbus Life Insurance All sections under this Prospectus Heading
Company and Separate
Account 1
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<PAGE>
(g) Whether security holders must be given notice of any change in:
(1) the composition of the assets of the trust.
In answer to this item, Registrant incorporates
herein by reference the information under the
following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Information about the Changes in the Sub-Accounts and the Funds
Investment Options
(2) the terms and conditions of the securities issued by the trust.
In answer to this item, Registrant incorporates
herein by reference the information under the
following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
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Other Information about Policy is a Contract
Your Policy Modification of Policy
(3) the provisions of any indenture or agreement of the trust.
Not applicable.
(4) the identity of the depositor, trustee or custodian.
Policy owners will be notified of a change in the
identity of the depositor. Registrant has no trustee
or custodian.
(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.
In answer to this item, Registrant incorporates
herein by reference the information under the
following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Information about the Changes in the Sub-Accounts and the Funds
Investment Options
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<PAGE>
(2) the terms and conditions of the securities issued by the trust.
In answer to this item, Registrant incorporates
herein by reference the information under the
following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Other Information about Policy is a Contract
Your Policy Modification of Policy
(3) the provisions of any indenture or agreement of the trust.
Not applicable.
(4) the identity of the depositor, trustee or custodian.
Policy owners will be notified of a change in the
identity of the depositor. Registrant has no trustee
or 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.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
---------------------------------------------------------------------
Purchasing Your Policy Eligible Purchasers
Allocation of Premium Payments All sections under this Prospectus
Heading
Transferring Your Money All sections under this Prospectus
Heading
Death Benefits Death Benefit Options
Option 1
Option 2
Changing Your Death Benefit Option
Charges All sections under this Prospectus
Heading other than Surrender Charges
which has previously been
incorporated by reference
Optional Policy Benefits All sections under this Prospectus
Heading
Other Information about Your All sections under this
Policy Prospectus Heading other than
Policy is a Contract, Modification
of Policy, Conversion of Your Policy
and Termination of Your Policy,
which have previously been
incorporated by reference
Tax Matters All sections under this Prospectus
Heading
-7-
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 security holders have an interest.
The Policies permit Policyholders to allocate premium payments to the
Fixed Account, which is part of the Company's general account, or to
the Separate Account. The Separate Account is currently divided into 18
sub-accounts (the "Sub-Accounts"). The Sub-Accounts invest in shares
(the "Fund Shares") of the corresponding series of the following
registered open-end management investment companies (the "Investment
Companies"). The Company is the record holder of the Fund Shares, which
are held in the Separate Account pursuant to Ohio insurance law.
AIM Variable Insurance Funds, Inc.
The Alger American Fund
MFS Variable Insurance Trust
PIMCO Variable Insurance Trust
Touchstone Variable Series Trust
The Registrant also incorporates herein by reference the information
under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Information About the Investment The Sub-Accounts and the Funds
Options
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.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Service Providers There are no sub-headings in this section.
(b) Name and principal business address of depositor.
Not applicable.
(c) Name and principal business address of trustee or custodian.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Service Providers There are no sub-headings in this section.
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<PAGE>
(d) Name and principal business address of principal underwriter.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Service Providers There are no sub-headings in this section.
(e) The period during which the securities of such company have been the
underlying securities.
The Separate Account has not commenced operations as of the date of
this filing.
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) With respect to principal payments and sub-paragraphs (A) through
(D) of this sub-item, Registrant incorporates herein by reference
the information under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
------------------------------------------------------------------
Policy at a Glance Policy Charges and Deductions
Transfers
Loans
Borrowing Your Money Interest on Borrowed Amounts
Withdrawing Your Money Partial Withdrawals
Death Benefits Charges for Changing Specified Amount
or Death Benefit
Charges All sections under this Prospectus
Heading
Optional Policy Benefits All sections under this Prospectus
Heading
-9-
<PAGE>
(2) With respect to underlying securities, the following information
is responsive to sub-paragraphs (A) through (D) of this item.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
------------------------------------------------------------------
Policy at a Glance Fund Expenses
Information about the Investment The Sub-Account and the Funds
Options
Service Providers All sections under this
Prospectus Heading
(3) With respect to distributions and sub-paragraphs (A) through (D)
of this sub-item, the response to Item 13(a)(1) is
incorporated herein by reference.
(4) With respect to cumulated or reinvested distributions or income
and sub-paragraphs (A) through (D) of this sub-item, the response
to Item 13(a)(2) is incorporated herein by reference.
(5) With respect to redeemed or liquidated assets of the trust's
securities and paragraphs (A) through (D) of this sub-item, the
response to Item 13(a)(1) is incorporated herein by reference.
(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. [chart omitted]
Not applicable. The Policies are life insurance policies and
do not operate as the usual periodic payment plan certificate.
The Policies are subject to premium expense charges, surrender
charges and other charges. The response to item 13(a)(1) is
incorporated herein by reference.
(c) State the amount of total deductions as a percentage of the
net amount invested for each type of security issued by the
trust. State each different sales charge available as a
percentage of the public offering price and as a percentage of
the net amount invested. List any special purchase plans or
methods established by rule or exemptive order that reflect
scheduled variations in, or elimination of, the sales load and
identify each class of individuals or transactions to which
such plans apply.
Not applicable. The Policies are life insurance policies and
do not operate as the usual periodic payment plan certificate.
The Policies are subject to premium expense charges, surrender
charges and other charges. The response to item 13(a)(1) is
incorporated herein by reference.
(d) Explain fully the reasons for any difference in the price at
which securities are offered generally to the public, and the
price at which securities are offered for any class of
transactions to any class or group of individuals, including
officers, directors, or employees of the depositor, trustee
custodian or principal underwriter.
Not applicable.
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<PAGE>
(e) 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.
None.
(f) 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 such securities, or
underlying securities or interests in underlying securities,
and describe fully the nature and extent of such profits or
benefits.
To the extent that the amount charged by the Company for
providing insurance coverage or any other benefit or service
under the Policies is more than the cost to the Company of
providing insurance coverage or any other benefit or service,
the Company may receive a profit or other benefit.
Touchstone Advisors, Inc., an affiliated person of the
Company, is the sponsor of Touchstone Variable Series Trust
(the "Touchstone Trust") and reserves the right to receive a
sponsor fee from each series of the Touchstone Trust, equal on
an annual basis to 0.20% of the average daily net assets of
the series. The Sponsor has agreed to waive its fee through
December 31, 1999.
(g) 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.
INFORMATION CONCERNING THE OPERATIONS OF THE TRUST
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.
In answer to this item, Registrant incorporates herein by reference the
information under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Purchasing Your Policy All sections under this Prospectus Heading
Optional Policy Benefits All sections under this Prospectus Heading
Other Information about Policy is a Contract
Your Policy Modification of Policy
Processing Guidelines
Incontestability
Misstatement of Age or Gender
-11-
<PAGE>
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.
In answer to this item, Registrant incorporates herein by reference the
information under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Purchasing Your Policy All sections under this Prospectus Heading
Premium Payments All sections under this Prospectus Heading
Allocation of Premium All sections under this Prospectus
Payments Heading
Transferring Your Money All sections under this Prospectus
Heading
Other Information about
Your Policy Confirmations and Statements
Processing Guidelines
Information about the
Investment Options All sections under this Prospectus Heading
Valuation of Your
Investment All sections under this Prospectus Heading
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.
In answer to this item, Registrant incorporates herein by reference the
information under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Allocation of Premium
Payments All sections under this Prospectus Heading
Transferring Your Money All sections under this Prospectus Heading
Borrowing Your Money Collateral for Loans
Interest on Borrowed Amounts
Withdrawing Your Money Partial Withdrawals
Processing Withdrawals
Charges All sections under this Prospectus Heading
Information about the
Investment Options The Sub-Accounts and the Funds
Valuation of Your
Investment Sub-Accounts
17. (a) Describe the procedure with respect to withdrawal or redemption by
security holders.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
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<PAGE>
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Purchasing Your Policy 10-Day Review Period
Borrowing Your Money Cancellation Based on Loan Account Value
Withdrawing Your Money Canceling Your Policy
Death Benefit Death Benefit Options
Payment of Policy Proceeds All sections under this Prospectus Heading
Charges Surrender Charges
Continuation of Your Policy Continuation of Insurance Coverage
Continuation Under the Term No-Lapse
Guarantee Provision
Continuation Under the Lifetime No-Lapse
Guarantee Provision
Grace Periods
Termination of Your Policy
Other Information about
Your Policy Conversion to a Fixed Policy
Termination of Your Policy
(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 provision of any indenture or agreement
pertaining thereto.
In answer to this item with respect to the Policies, the
responses to Items 10(c) and 10(d) are incorporated by
reference. In answer to this item with respect to the
Investment Companies in which the Sub-Accounts invest, the
Investment Companies will redeem the Fund Shares in accordance
with the provisions of the Investment Company Act of 1940.
(c) Indicate whether repurchased or redeemed securities will be canceled
or may be resold.
If the Owner surrenders the Policy, the Policy will be
canceled upon payment of the net cash surrender value. In
answer to this item, Registrant also incorporates herein by
reference the information under the following captions in the
Prospectus:
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Withdrawing Your Money Canceling Your Policy
Continuation of Your Policy Reinstatement
Optional Policy Benefits All sections under this Prospectus Heading
Other Information about
Your Policy Termination of Your Policy
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.
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<PAGE>
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Valuation of Your Investment All sections under this Prospectus Heading
(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.
(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 of same.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Columbus Life Insurance
Company and Separate All sections under this Prospectus Heading
Account 1
(d) Submit a schedule showing the periodic and special
distributions which have been made to security holders during
the three 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.
Not applicable.
19. Describe the procedure with respect to the 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.
The depositor will maintain appropriate records and accounts for Policy
Owners and the Separate Account.
In answer to this item, Registrant also incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Other Information about
Your Policy Confirmations and Statements
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.
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<PAGE>
Not applicable.
(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.
Not applicable.
(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.
Not applicable.
(f) The appointment of a successor depositor and the procedure if a
successor depositor is not appointed.
Not applicable.
21. (a) State the substance of the provisions of any indenture or agreement
with respect to loans to security holders.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Borrowing Your Money All sections under this Prospectus Heading
Continuation of Your Policy Reinstatement
(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. The following items should
be covered:
(1) The name of each person who makes such agreements or arrangements
with security holders.
(2) The rate of interest payment on such loans.
(3) The period for which loans may be made.
(4) Costs or charges for default in repayment at maturity.
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<PAGE>
(5) Other material provisions of the agreement or arrangement.
In answer to this item, Registrant incorporates
herein by reference the information under the
following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
------------------------------------------------------------------
Borrowing Your Money All sections under this Prospectus
Heading
Continuation of Your Policy Reinstatement
(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.
With respect to the Policies, the obligations of the Company with
respect to the Policies are governed by the terms of the Policies.
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.
In answer to this item, Registrant incorporates herein by reference the
information under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Columbus Life Insurance
Company and Separate Account 1 Columbus Life Insurance Company
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 in Item 10 or Items 14 to 23 inclusive.
In answer to this item, Registrant incorporates herein by reference the
information under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Information About the
Investment Options All sections under this Prospectus Heading
Valuation of Your
Investment All sections under this Prospectus Heading
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<PAGE>
III.
ORGANIZATION, PERSONNEL AND AFFILIATED
PERSONS OF DEPOSITOR
ORGANIZATION AND OPERATIONS OF DEPOSITOR
25. State the form of 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.
In answer to this item, Registrant incorporates herein by reference the
information under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Columbus Life Insurance
Company and Separate Account 1 Columbus Life Insurance Company
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: [chart omitted]
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:
(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.
None with respect to the Separate Account.
-17-
<PAGE>
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 and circumstances surrounding such
cessation.
In answer to this item, Registrant incorporates herein by reference
the information under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Columbus Life Insurance
Company and Separate
Account 1 All sections under this Prospectus Heading
OFFICIALS AND AFFILIATED PERSONS OF DEPOSITOR
28. (a) Furnish as at latest practicable 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. [chart with respect to relationship of person to
the Company, ownership of Company securities, ownership of
Policies and positions at other companies omitted]
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Columbus Life Insurance
Company and Separate Columbus Life Insurance Company
Account 1
(b) Furnish a brief statement of the business experience during
the last five years of each officer, director or partner of
the depositor.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Columbus Life Insurance
Company and Separate Columbus Life Insurance Company
Account 1
COMPANIES OWNING SECURITIES OF DEPOSITOR
29. Furnish as at latest practicable date the following information with
respect to each company which directly or indirectly owns, controls of
holds with power to vote 5% or more of the outstanding voting
securities of the depositor. [chart omitted]
All outstanding voting securities of the depositor are owned by The
Western and Southern Life Insurance Company.
-18-
<PAGE>
CONTROLLING PERSONS
30. Furnish as at latest practicable date the following information with
respect to any person, other than those covered by Items 28, 29, and 42
who directly or indirectly controls the depositor. [chart omitted]
None.
COMPENSATION OF OFFICERS AND DIRECTORS OF DEPOSITOR, 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: [charts omitted]
(a) directly to each of the officers or partners of the depositor directly
receiving the three highest amounts of remuneration:
(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;
(c) indirectly or through subsidiaries to each of the officers or partners
of the depositor.
Not applicable. None of the persons described in this item
have been paid any separate remuneration for services rendered
with respect to the Separate Account.
COMPENSATION OF DIRECTORS
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: [chart omitted]
(a) the aggregate direct remuneration to directors
(b) indirectly or through subsidiaries to directors
Not applicable. None of the persons described in this item
have been paid any separate remuneration for services rendered
with respect to the Separate Account.
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 who remuneration is
reported in Items 31 and 32) who received remuneration in
excess of $10,000 during the last fiscal year covered by
financial statement filed herewith from the depositor and any
of its subsidiaries. [chart omitted]
Not applicable. None of the persons described in this item
have been paid any separate remuneration for services rendered
with respect to the Separate Account.
-19-
<PAGE>
(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 managers, 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. [chart omitted]
Not applicable. None of the persons described in this item
have been paid any separate remuneration for services rendered
with respect to the Separate Account.
COMPENSATION TO OTHER PERSONS
34. Furnish the following information with respect to the aggregate amount
of compensation for services paid any person (exclusive of persons
whose remuneration is reported in Items 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. [chart omitted]
Not applicable. None of the persons described in this item have been
paid any separate remuneration for services rendered with respect to
the Separate Account.
-20-
<PAGE>
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.
(a) Sale of the Policies has not commenced in any state.
(b) The Company intends to sell Policies in all jurisdictions where it is
licensed to sell variable life insurance.
(c) Not applicable.
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 merely a procedural step prior to any
determination by such officer, etc. which denial was
subsequently rescinded.
(1) Name of officer, agency or body.
(2) Date of denial.
(3) Brief statement of reason 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.
-21-
<PAGE>
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Service Providers Distribution of 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.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Service Providers Distribution of the Policies
(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, 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).
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Service Providers Distribution of the Policies
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.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Service Providers Distribution of the Policies
(b) State whether any principal underwriter currently distributing
securities of the trust is a member of the National
Association of Securities Dealers, Inc.
No Policies are currently being distributed. Touchstone Securities,
Inc. 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.
-22-
<PAGE>
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.
None with respect to the Separate Account.
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 principal underwriter has
ceased to act in such named capacity, state the date of and
the circumstances surrounding such cessation.
In answer to this item, Registrant incorporates herein by
reference the information under the following captions in the
Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Service Providers Distribution of the Policies
(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 name 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. [chart with respect to position with
Underwriter and ownership of Policies omitted]
-23-
<PAGE>
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 of interests in
the underlying securities acquired by the holder of a periodic
payment plan certificate:
(1) The source of quotations used to determine the value of portfolio
securities.
(2) Whether opening, closing, bid, asked or any other price is used.
(3) Whether price is as of the day of sale or as of any other time.
(4) A brief description of the methods used by registrant for determining
other assets and liabilities including accrual for expenses and taxes.
(5) Other items which registrant adds to the net asset value in computing
offering price of its securities.
(6) Whether adjustments are made for fractions.
(i) before adding distributor's compensation (load); and
(ii) after adding distributor's compensation (load).
With respect to the method of valuation used by the trust for
purpose of determining the "offering price" of the Policies
and the accumulation unit values of each Sub-Account,
Registrant incorporates herein by reference the information
under the following captions in the Prospectus:
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Charges Premium Expense Charges
Tax Charges
Cost of Insurance Charges
Monthly Deduction
Mortality and Expense Risk Charges
Valuation of Your
Investment All sections under this Prospectus Heading
(b) Furnish a specimen schedule showing the components of the offering
price of the trust's securities as at the latest practicable date.
[schedule omitted]
Not applicable.
-24-
<PAGE>
(c) If there is any variation in the offering price of the trust's
securities to any person or classes of persons 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.
The cost of insurance charges for each Policy and charges
related to optional policy benefits depend on factors such as
gender, age and risk class of the insured person and the
amount of insurance coverage purchased. In answer to this
item, Registrant also incorporates herein by reference the
information under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Premium Payments Introductory paragraph under this
Prospectus Heading
Charges Premium Expense Charges
Tax Charges
Cost of Insurance Charges
Monthly Deduction
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 statements 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 source of quotation used to determine the value of portfolio
securities.
(2) Whether opening, closing, bid, asked or any other price is used.
(3) Whether price is as of the day of sale or as of any other time.
(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).
(5) Other items which registrant deducts from the net asset value in
computing redemption value of its securities.
-25-
<PAGE>
(6) Whether adjustments are made for fractions.
With respect to the method of valuation used by the
trust for purpose of determining the "redemption or
withdrawal value" of the Policies and the
accumulation unit values of each Sub-Account,
Registrant incorporates herein by reference the
information under the following captions in the
Prospectus:
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Payment of Policy Proceeds Policy Proceeds
Charges Surrender Charges
Valuation of Your Investment All sections under this Prospectus
Heading
(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. [schedule omitted]
Not applicable.
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 interests 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.
In answer to this item with respect to the Investment Companies in
which the Sub-Accounts invest, the Investment Companies will redeem the
Fund Shares in accordance with the provisions of the Investment Company
Act of 1940.
-26-
<PAGE>
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
(b) Form of organization
(c) State or other sovereign power under the laws of which the trustee or
custodian was organized.
(d) Name of governmental supervising or examinin authority
Not Applicable.
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 amount.
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.
Under Ohio law, the income, gains and losses, realized or unrealized,
from assets allocated to a separate account must be credited to or
charged against the account, without regard to other income, gains or
losses of the Company. Liabilities from any other business conducted by
the Company will not be charged to the assets of the Separate Account.
-27-
<PAGE>
VI.
INFORMATION CONCERNING INSURANCE OF
HOLDERS OF SECURITIES
51. Furnish the following information with respect to insurance of holders
of securities:
Other than the Policies, no insurance is provided to the Policy owners.
(a) The name and address of the insurance company.
Columbus Life Insurance Company
400 East Fourth Street
Cincinnati, Ohio 45202
(b) The types of policies and whether individual or group policies.
The Policies are flexible premium variable universal life insurance
policies that are issued on an individual basis.
(c) The types of risks insured and excluded.
Registrant incorporates herein by reference the information
under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Death Benefits All sections under this Prospectus Heading
Optional Policy Benefits All sections under this Prospectus Heading
Other Information
About Your Policy Incontestability
Suicide Exclusion
Misstatement of Age or Gender
(d) The coverage of the policies.
Registrant incorporates herein by reference the information
under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Death Benefits All sections under this Prospectus Heading
Optional Policy Benefits All sections under this Prospectus Heading
Other Information about
Your Policy Incontestability
Suicide Exclusion
Misstatement of Age or Gender
-28-
<PAGE>
(e) The beneficiaries of such policies and the uses to which the proceeds
of policies must be put.
Registrant incorporates herein by reference the information
under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Payment of Policy Proceeds All sections under this Prospectus Heading
Optional Policy Benefits All sections under this Prospectus Heading
(f) The terms and manner of cancellation and of reinstatement.
Registrant incorporates herein by reference the information under the
following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Purchasing Your Policy 10-Day Review Period
Premium Payments Skipping Planned Premium Payments
Borrowing Your Money Cancellation Based on Loan Account Value
Withdrawing Your Money Canceling Your Policy
Continuation of Your Policy All sections under this Prospectus Heading,
including Supplement B
Other Information about
Your Policy Termination of Your Policy
(g) The method of determining the amount of premiums to be paid by holders
of securities.
Registrant incorporates herein by reference the information under the
following captions in the Prospectus:
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Charges Premium Expense Charges
Tax Charges
Cost of Insurance Charges
Monthly Deduction
Mortality and Expense Risk Charges
Valuation of Your
Investment All sections under this Prospectus Heading
(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 such person and
the amounts involved, and the nature of the services rendered
therefor.
Not applicable.
-29-
<PAGE>
(j) The substance of any other material provisions of any indenture or
agreement of the trust relating to insurance.
Prospectus Heading Prospectus Sub-Heading
------------------------------------------------------------------
Purchasing Your Policy Eligible Purchasers S
Specified Amount and Minimum Issue Limit
Premium Payments Introductory paragraph
Planned Premium
Changing Your Planned Premium
Borrowing Your Money All sections under this Prospectus Heading
other than Cancellation Based on Loan
Account Value, which has previously been
incorporated by reference
Withdrawing Your Money All sections under this Prospectus Heading
other than Canceling Your Policy, which has
previously been incorporated by reference
Other Information All sections under this Prospectus Heading
about Your Policy other than Incontestability, Suicide
Exclusion, Termination of Your Policy and
Misstatement of Age or Gender, which have
previously been incorporated by reference
-30-
<PAGE>
VII.
POLICY OF THE 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 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, 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.
Registrant incorporates herein by reference the information
under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
------------------------------------------------------------------
Information about the Changes in the Sub-Accounts and the Funds
Investments Options
(b) Furnish the following information with respect to each
transaction involving the elimination of any underlying
security during the period covered by the financial statements
filed herewith:
(1) Title of security.
(2) Date of elimination.
(3) Reasons for elimination.
(4) The use of the proceeds from the sale of the eliminated security.
(5) Title of security substituted, if any.
(6) Whether depositor, principal underwriter, trustee or custodian or
any affiliated person of the foregoing were involved in the
transaction.
(7) Compensation or remuneration received by each such person
directly or indirectly as a result of the transaction.
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;
(2) the type of securities which may be substituted for any underlying
security;
-31-
<PAGE>
(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;
(4) whether such substituted securities may be the securities of
another investment company; and
(5) the substance of the provisions of any indenture or
agreement which authorize or restrict the policy of
the registrant in this regard.
Registrant incorporates herein by reference the
information under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Information about the Changes in the Sub-Accounts and the Funds
Investments Options
(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.
Registrant incorporates herein by reference the information
under the following captions in the Prospectus.
Prospectus Heading Prospectus Sub-Heading
-----------------------------------------------------------------------
Tax Matters Taxation of Columbus Life Insurance Company
(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 qualifications during the
current taxable year.
Not applicable.
-32-
<PAGE>
VIII.
FINANCIAL AND STATISTICAL INFORMATION
54. If the trust is not the issuer of periodic payment plan certificates
furnish the following information with respect to each class or series
of its securities: [chart omitted]
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 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.
[chart omitted]
Not applicable.
56. If the trust is the issuer of periodical 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 being
issued by the trust. [chart omitted]
Not applicable.
57. If the trust is the issuer of periodic payment plan 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. [chart omitted]
Not applicable.
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 certificate outstanding as at the latest
practicable date. [chart omitted]
Not applicable.
59. Financial statements shall be filed in accordance with the instructions
given below:
Financial Statements of the Trust:
None
Financial Statements of the depositor:
The Financial Statements of the Company will be contained in a pre-
effective amendment to the Registration Statement on Form S-6 filed by
the Registrant pursuant to the Securities Act of 1933. They are
incorporated herein by reference. (Notwithstanding general instruction
2(d) to Form N-8B-2, such incorporation by reference is being made
pursuant to the established administrative practice of the Commission
and its staff, which is consistent with the Commission's adoption of
Regulation S-T and related amendments to the Commission's rules
regarding incorporation by reference.)
-33-
<PAGE>
IX.
EXHIBITS
(Notwithstanding general instruction 2(d) to Form N-8B-2, certain exhibits
are incorporated by reference pursuant to the established administrative
practice of the Commission and its staff, which is consistent with the
Commission's adoption of Regulation S-T and related amendments to the
Commission's rules regarding incorporation by reference.)
A. (1) Resolution of Board of Directors of the Company dated September
10, 1998 authorizing the establishment of the Separate Account.*
(2) Not applicable.
(3) Distributing Contracts:
(a) Agreement between the Company, on behalf of Separate Account 1
and Touchstone Securities , Inc.**
(b) Specimen of typical agreement(s) between Touchstone
Securities, Inc. and dealers, managers, sales supervisors
and salesmen.**
(c) Not applicable.
(4) Not applicable.
(5) Form of Flexible Premium Variable Universal Life Insurance
Policy.*
(6) (a) Certificate of Incorporation of the Company.**
(b) By-Laws of the Company.**
(7) Not applicable.
(8) Agreements between the Company, on behalf of itself and
Separate Account 1, with the issuer, depositor, principal
underwriter or investment adviser of any underlying investment
company**
(9) Not applicable.
(10) Form of Application for Flexible Premium Variable Universal Life
Insurance Policy.**
B. (1) Not applicable.
(2) Not applicable.
C. Not applicable.
* Incorporated by reference to the Registration Statement of the Company's
Separate Account 1 on Form S-6, filed contemporaneously herewith.
** To be filed by pre-effective amendment to the Registration Statement of
the Company's Separate Account 1 on Form S-6.
-34-
<PAGE>
SIGNATURE
Pursuant to the requirements of the Investment Company Act of 1940, the
depositor of the registrant has caused this registration statement to be duly
signed on behalf of the registrant in the City of Cincinnati and State of Ohio
on the 22nd day of April, 1999.
COLUMBUS LIFE INSURANCE COMPANY SEPARATE ACCOUNT 1
(Name of Registrant)
By: COLUMBUS LIFE INSURANCE COMPANY
(Name of Depositor)
By: /s/ Paul H. Amato
Paul H. Amato
President and Chief Executive Officer
Attest: /s/ Donald J. Wuebbling
Donald J. Wuebbling
Vice President and Secretary
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