<PAGE>
As filed with the Securities and Exchange Commission on August 25, 2000.
File No. 333-76423
811-9295
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No. [ ]
---
Post-Effective Amendment No. 4 [X]
---
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 4 [X]
---
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SEPARATE ACCOUNT SEVEN
(Exact Name of Registrant)
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
(Name of Depositor)
P. O. Box 2999
Hartford, CT 06104-2999
(Address of Depositor's Principal Offices)
(860) 843-6733
(Depositor's Telephone Number, Including Area Code)
Marianne O'Doherty
Hartford Life
P. O. Box 2999
Hartford, CT 06104-2999
(Name and Address of Agent for Service)
Approximate Date of Proposed Public Offering: As soon as practicable after
the effective date of the registration statement.
It is proposed that this filing will become effective:
immediately upon filing pursuant to paragraph (b) of Rule 485
---
X on September 1, 2000 pursuant to paragraph (b) of Rule 485
---
60 days after filing pursuant to paragraph (a)(1) of Rule 485
---
on __________, 2000 pursuant to paragraph (a)(1) of Rule 485
---
this post-effective amendment designates a new effective date
---
for a previously filed post-effective amendment.
Pursuant to 24F-2(A) under the Investment Company Act of 1940, the Registrant
has registered an indefinite amount of Securities.
<PAGE>
PARTS A AND B
The Prospectus and Statement of Additional Information (including all financial
statements therein) are incorporated in Parts A and B, respectively, of this
Post-Effective Amendment No. 4, by reference to Post-Effective Amendment No. 3
to the Registration Statement on Form N-4 (File No. 333-76423), as filed on
April 10, 2000 and declared effective on May 1, 2000.
A Supplement to the Prospectus, dated September 1, 2000 is included in Part A of
this Post-Effective Amendment.
<PAGE>
PART A
<PAGE>
HARTFORD LEADERS EDGE
SEPARATE ACCOUNT SEVEN
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SUPPLEMENT DATED SEPTEMBER 1, 2000 TO THE PROSPECTUS DATED MAY 1, 2000
The following Sub-Accounts and underlying Funds will be added to the cover page
of the prospectus:
- MFS MID CAP GROWTH SERIES SUB-ACCOUNT which purchases shares of
MFS-Registered Trademark- Mid Cap Growth Series of the
MFS-Registered Trademark- Variable Insurance Trust-SM-
- FRANKLIN TECHNOLOGY SECURITIES FUND SUB-ACCOUNT which purchases Class 2 shares
of Franklin Technology Securities Fund of the Franklin Templeton Variable
Insurance Products Trust
The Annual Fund Operating Expenses table in the prospectus is replaced with the
following:
Annual Fund Operating Expenses
As of the Fund's Year End
(As a percentage of net assets)
<TABLE>
<CAPTION>
TOTAL FUND
MANAGEMENT 12B-1 DISTRIBUTION OTHER OPERATING EXPENSES
FEES AND/OR SERVICING EXPENSES INCLUDING ANY
INCLUDING ANY FEES INCLUDING INCLUDING ANY WAIVERS AND ANY
WAIVERS WAIVERS REIMBURSEMENTS REIMBURSEMENTS
<S> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------
American Funds Asset Allocation Fund 0.43% 0.25% 0.01% 0.69%
-------------------------------------------------------------------------------------------------------------------------
American Funds Bond Fund 0.51% 0.25% 0.02% 0.78%
-------------------------------------------------------------------------------------------------------------------------
American Funds Global Growth Fund 0.68% 0.25% 0.03% 0.96%
-------------------------------------------------------------------------------------------------------------------------
American Funds Global Small Capitalization Fund 0.79% 0.25% 0.03% 1.07%
-------------------------------------------------------------------------------------------------------------------------
American Funds Growth Fund 0.38% 0.25% 0.01% 0.64%
-------------------------------------------------------------------------------------------------------------------------
American Funds Growth-Income Fund 0.34% 0.25% 0.01% 0.60%
-------------------------------------------------------------------------------------------------------------------------
American Funds International Fund 0.55% 0.25% 0.05% 0.85%
-------------------------------------------------------------------------------------------------------------------------
American Funds New World Fund (1) 0.89% 0.25% 0.06% 1.20%
-------------------------------------------------------------------------------------------------------------------------
Franklin Real Estate Fund -- Class 2 (2) (3) 0.56% 0.25% 0.02% 0.83%
-------------------------------------------------------------------------------------------------------------------------
Franklin Small Cap Fund -- Class 2 (2) (4) 0.55% 0.25% 0.27% 1.07%
-------------------------------------------------------------------------------------------------------------------------
Franklin Strategic Income Securities Fund --
Class 1 (5) 0.43% N/A 0.32% 0.75%
-------------------------------------------------------------------------------------------------------------------------
Franklin Technology Securities Fund --
Class 2 (6) 0.55% 0.25% 0.38% 1.18%
-------------------------------------------------------------------------------------------------------------------------
Hartford Money Market HLS Fund 0.45% N/A 0.02% 0.47%
-------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Capital Opportunities
Series (7) (8) 0.75% N/A 0.16% 0.91%
-------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Emerging Growth
Series (7) 0.75% N/A 0.09% 0.84%
-------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Global Equity Series
(7) (8) 1.00% N/A 0.21% 1.21%
-------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Growth Series (7) (8) 0.75% N/A 0.16% 0.91%
-------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Growth with Income
Series (7) 0.75% N/A 0.13% 0.88%
-------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- High Income Series
(7) (8) 0.75% N/A 0.16% 0.91%
-------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Mid Cap Growth Series
(8) 0.75% N/A 0.15% 0.90%
-------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- New Discovery Series
(7) (8) 0.90% N/A 0.17% 1.07%
-------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Total Return Series
(7) 0.75% N/A 0.15% 0.90%
-------------------------------------------------------------------------------------------------------------------------
Mutual Shares Securities Fund --
Class 2 (2) (9) 0.60% 0.25% 0.19% 1.04%
-------------------------------------------------------------------------------------------------------------------------
Templeton Asset Strategy Fund (formerly
Templeton Asset Allocation Fund) --
Class 2 (2) (10) 0.60% 0.25% 0.18% 1.03%
-------------------------------------------------------------------------------------------------------------------------
Templeton Developing Markets Securities Fund
(formerly Templeton Developing Markets Equity
Fund) -- Class 1 (11) 1.25% N/A 0.31% 1.56%
-------------------------------------------------------------------------------------------------------------------------
Templeton Growth Securities Fund (formerly
Templeton Global Growth Fund) --
Class 2 (2) (12) 0.83% 0.25% 0.05% 1.13%
-------------------------------------------------------------------------------------------------------------------------
Templeton International Securities Fund
(formerly Templeton International Fund) --
Class 2 (2) (13) 0.69% 0.25% 0.19% 1.13%
-------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) These expenses are annualized. The Fund began operations on June 17, 1999.
(2) The Fund's Class 2 distribution plan or "Rule 12b-1 Plan" is described in
the Fund's prospectus. While the maximum amount payable under the Fund's
Class 2 Rule 12b-1 Plan is 0.35% per year of the Fund's average daily net
assets, the Board of Trustees of Franklin Templeton Variable Insurance
Products Trust has set the current rate at 0.25% per year through at least
April 30, 2001.
(3) The fund administration fee is paid indirectly through the management fee.
(4) On 2/8/00, a merger and reorganization was approved that combined the
Franklin Small Cap Fund with a similar fund of the Templeton Variable
Products Series Fund, effective 5/1/00. On 2/8/00, fund shareholders
approved new management fees, which apply to the combined fund effective
5/1/00. The table shows restated total expenses based on the new fees and
assets of the fund as of 12/31/99, and not the assets of the combined fund.
However, if the table reflected both the new fees and the combined assets,
the fund's expenses after 5/1/00 would be estimated as: Management Fees
0.55%, Distribution and Service Fees 0.25%, Other Expenses 0.27%, and Total
Fund Operating Expenses 1.07%.
<PAGE>
(5) The management fees shown are based on the fund's maximum contractual
amount. Other expenses are estimated. The manager and administrator have
agreed in advance to waive or limit their respective fees and to assume as
their own expense certain expenses otherwise payable by the fund so that
Total Fund Operating Expenses do not exceed 0.75% of average net assets for
the current fiscal year. After December 31, 2001, the manager and
administrator may end this arrangement at any time. Without this reduction
Total Fund Operating Expenses were:
<TABLE>
<CAPTION>
MANAGEMENT OTHER TOTAL FUND
FEES 12B-1 FEES EXPENSES OPERATING EXPENSES
<S> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------
Franklin Strategic Income Securities Fund 0.43% N/A 0.52% 0.95%
-------------------------------------------------------------------------------------------------------------------
</TABLE>
(6) The management fees shown are based on the fund's maximum contractual
amount. Other expenses are estimated. The manager and administrator have
agreed in advance to waive or limit their respective fees and to assume as
their own expense certain expenses otherwise payable by the fund so that
Total Fund Operating Expenses do not exceed 1.30% of average net assets,
including Class 2's 12b-1 plan fee, for the current fiscal year. After
December 31, 2001, the manager and administrator may end this arrangement at
any time.
(7) Each Series has an expense offset arrangement which reduces the series'
custodian fee based upon the amount of cash maintained by the series with
its custodian and dividend disbursing agent. Each series may enter into
other such arrangements and directed brokerage arrangements, which would
also have the effect of reducing the series' expenses. After these
reductions, the Total Fund Operating Expenses would be:
<TABLE>
<CAPTION>
TOTAL FUND
OTHER OPERATING
MANAGEMENT FEES 12B-1 FEES EXPENSES EXPENSES
<S> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Capital Opportunities Series 0.75% N/A 0.15% 0.90%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Emerging Growth Series 0.75% N/A 0.08% 0.83%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Global Equity Series 1.00% N/A 0.15% 1.15%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Growth Series 0.75% N/A 0.15% 0.90%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Growth with Income Series 0.75% N/A 0.12% 0.87%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- High Income Series 0.75% N/A 0.15% 0.90%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- New Discovery Series 0.90% N/A 0.15% 1.05%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Total Return Series 0.75% N/A 0.14% 0.89%
-------------------------------------------------------------------------------------------------------------
</TABLE>
(8) MFS has contractually agreed, subject to reimbursement, to bear expenses for
these series such that each such series' "Other Expenses" (after taking into
account the expense offset arrangement described above), do not exceed 0.15%
of the average daily net assets of the series during the current fiscal
year. These contractual fee arrangements will continue until at least
May 1, 2001, unless changed with the consent of the board of trustees which
oversees the series. Without this waiver, "Total Fund Operating Expenses"
would have been:
<TABLE>
<CAPTION>
TOTAL FUND
OTHER OPERATING
MANAGEMENT FEES 12B-1 FEES EXPENSES EXPENSES
<S> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Capital Opportunities Series 0.75% N/A 0.27% 1.02%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Global Equity Series 1.00% N/A 3.39% 4.39%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Growth Series 0.75% N/A 0.71% 1.46%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- High Income Series 0.75% N/A 0.22% 0.97%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Mid Cap Growth Series 0.75% N/A 0.46% 1.21%
-------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- New Discovery Series 0.90% N/A 1.59% 2.49%
-------------------------------------------------------------------------------------------------------------
</TABLE>
(9) On 2/8/00, a merger and reorganization was approved that combined the Mutual
Shares Securities Fund with a similar fund of Templeton Variable Products
Series Fund, effective 5/1/00. The table shows total expenses based on the
fund's assets as of 12/31/99, and not the assets of the combined fund.
However, if the table reflected combined assets, the fund's expenses after
5/1/00 would be estimated as: Management Fees 0.60%, Distribution and
Service Fees 0.25%, Other Expenses 0.19%, and Total Fund Operating Expenses
1.04%.
(10) On 2/8/00, shareholders approved a merger and reorganization that combined
the Templeton Asset Strategy Fund with the Templeton Global Asset Allocation
Fund, effective 5/1/00. The shareholders of that fund had approved new
management fees, which apply to the combined fund effective 5/1/00. The
table shows restated total expenses based on the new fees and the assets of
the fund as of 12/31/99, and not the assets of the combined fund. However,
if the table reflected both the new fees and the combined assets, the fund's
expenses after 5/1/00 would be estimated as: Management Fees 0.60%,
Distribution and Service Fees 0.25%, Other Expenses 0.14%, and Total Fund
Operating Expenses 0.99%.
<PAGE>
(11) On 2/8/00, shareholders approved a merger and reorganization that combined
the Developing Markets Securities Fund with the Templeton Developing Markets
Equity Fund, effective 5/1/00. The shareholders of that fund had approved
new management fees, which apply to the combined fund effective 5/1/00. The
table shows restated total expenses based on the new fees and the assets of
the fund as of 12/31/99, and not the assets of the combined fund. However,
if the table reflected both the new fees and the combined assets, the fund's
expenses after 5/1/00 would be estimated as: Management Fees 1.25%, Other
Expenses 0.29%, and Total Fund Operating Expenses 1.54%.
(12) On 2/8/00, a merger and reorganization was approved that combined the
Templeton Growth Securities Fund with a similar fund of Templeton Variable
Products Series Fund, effective 5/1/00. The table shows total expenses based
on the fund's assets as of 12/31/99, and not the assets of the combined
fund. However, if the table reflected combined assets, the fund's expenses
after 5/1/00 would be estimated as: Management Fees 0.80%, Distribution and
Service Fees 0.25%, Other Expenses 0.05%, and Total Fund Operating Expenses
1.10%.
(13) On 2/8/00, shareholders approved a merger and reorganization that combined
the Templeton International Securities Fund with the Templeton International
Equity Fund, effective 5/1/00. The shareholders of that fund had approved
new management fees, which apply to the combined fund effective 5/1/00. The
table shows restated total expenses based on the new fees and the assets of
the fund as of 12/31/99, and not the assets of the combined fund. However,
if the table reflected both the new fees and the combined assets, the fund's
expenses after 5/1/00 would be estimated as: Management Fees 0.65%,
Distribution and Service Fees 0.25%, Other Expenses 0.20%, and Total Fund
Operating Expenses 1.10%.
The following will be added to the end of the Example that assumes the Optional
Death Benefit is NOT selected:
EXAMPLE
<TABLE>
<CAPTION>
If you Surrender your Contract at the If you annuitize your Contract at the If you do not Surrender your
end of the applicable time period you end of the applicable time period you Contract, you would pay the
would pay the following expenses on would pay the following expenses on following expenses on a $1,000
a $1,000 investment, assuming a 5% a $1,000 investment, assuming a 5% investment, assuming a 5% annual
annual return on assets: annual return on assets: return on assets:
SUB-ACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------------
MFS Mid Cap
Growth Series 74 112 N/A N/A 73 112 N/A N/A 74 112 N/A N/A
-----------------------------------------------------------------------------------------------------------------------------------
Franklin
Technology
Securities
Fund 76 120 N/A N/A 76 120 N/A N/A 76 120 N/A N/A
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
The following will be added to the end of the Example that assumes the Optional
Death Benefit is selected:
EXAMPLE
<TABLE>
<CAPTION>
If you Surrender your Contract at the If you annuitize your Contract at the If you do not Surrender your
end of the applicable time period you end of the applicable time period you Contract, you would pay the
would pay the following expenses on would pay the following expenses on following expenses on a $1,000
a $1,000 investment, assuming a 5% a $1,000 investment, assuming a 5% investment, assuming a 5% annual
annual return on assets: annual return on assets: return on assets:
SUB-ACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------------
MFS Mid Cap
Growth Series 75 117 N/A N/A 74 116 N/A N/A 75 117 N/A N/A
-----------------------------------------------------------------------------------------------------------------------------------
Franklin
Technology
Securities
Fund 78 125 N/A N/A 77 124 N/A N/A 78 125 N/A N/A
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
The following is added as the last sentence of the first paragraph in the
"Accumulation Unit Values" section:
There is no information for MFS Mid Cap Growth Series and Franklin Technology
Securities Fund Sub-Accounts because as of December 31, 1999, the Sub-Accounts
had not yet commenced operation.
The following is added to the "The Funds" section:
MFS-Registered Trademark- Mid Cap Growth Series-SM- is a series of the
MFS-Registered Trademark- Variable Insurance Trust-SM-. MFS Investment
Management serves as the investment manager.
Franklin Technology Securities Fund is a series of the Franklin Templeton
Variable Insurance Products Trust. Franklin Advisers, Inc. serves as the
investment manager.
The following are the investment goals:
MFS-REGISTERED TRADEMARK- MID CAP GROWTH SERIES-SM- -- Seeks long-term growth of
capital.
FRANKLIN TECHNOLOGY SECURITIES FUND -- Seeks capital appreciation.
HV-2683
333-76423
<PAGE>
PART C
<PAGE>
OTHER INFORMATION
Item 24. Financial Statements and Exhibits
(a) All financial statements are included in Part A and Part B of the
Registration Statement.
(b) (1) Resolution of the Board of Directors of Hartford Life and
Annuity Insurance Company ("Hartford") authorizing the
establishment of the Separate Account to be filed by
Amendment.(1)
(2) Not applicable.
(3) (a) Principal Underwriter Agreement.(1)
(3) (b) Form of Dealer Agreement.(2)
(4) Form of Individual Flexible Premium Variable Annuity
Contract.(2)
(5) Form of Application.(2)
(6) (a) Articles of Incorporation of Hartford.(3)
(6) (b) Bylaws of Hartford.(2)
(7) Not applicable.
(8) Form of Fund Participation Agreement.
(9) Opinion and Consent of Lynda Godkin, Senior Vice President,
General Counsel, and Corporate Secretary.
(10) Consent of Arthur Andersen LLP, Independent Public
Accountants.
(11) No financial statements are omitted.
(12) Not applicable.
---------------------
(1) Incorporated by reference to Pre-Effective Amendment No. 1, to the
Registration Statement File No. 333-76423, dated June 21, 1999.
(2) Incorporated by reference to Post Effective Amendment No. 3, to the
Registration Statement File No. 33-73570, dated April 29, 1996.
(3) Incorporated by reference to Post Effective Amendment No. 19, to the
Registration Statement File No. 33-73570, dated April 14, 1997.
<PAGE>
(13) Not applicable.
(14) Not applicable.
(15) Copy of Power of Attorney.
(16) Organizational Chart.
Item 25. Directors and Officers of the Depositor.
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------
NAME POSITION WITH HARTFORD
---------------------------------------------------------------------------------------
<S> <C>
David A. Carlson Vice President
---------------------------------------------------------------------------------------
Peter W. Cummins Senior Vice President
---------------------------------------------------------------------------------------
Bruce W. Ferris Vice President
---------------------------------------------------------------------------------------
Timothy M. Fitch Vice President & Actuary
---------------------------------------------------------------------------------------
Mary Jane B. Fortin Vice President & Chief Accounting Officer
---------------------------------------------------------------------------------------
David T. Foy Senior Vice President, Chief Financial Officer and
Treasurer, Director*
---------------------------------------------------------------------------------------
Lynda Godkin Senior Vice President, General Counsel, and
Corporate Secretary, Director*
---------------------------------------------------------------------------------------
Lois W. Grady Senior Vice President
---------------------------------------------------------------------------------------
Stephen T. Joyce Senior Vice President
---------------------------------------------------------------------------------------
Michael D. Keeler Vice President
---------------------------------------------------------------------------------------
Robert A. Kerzner Senior Vice President
---------------------------------------------------------------------------------------
Thomas M. Marra President, Director*
---------------------------------------------------------------------------------------
Steven L. Matthiesen Vice President
---------------------------------------------------------------------------------------
Deanne Osgood Vice President
---------------------------------------------------------------------------------------
Craig R. Raymond Senior Vice President and Chief Actuary
---------------------------------------------------------------------------------------
Lowndes A. Smith Chief Executive Officer, Director*
---------------------------------------------------------------------------------------
David M. Znamierowski Senior Vice President and Chief Investment Officer,
Director*
---------------------------------------------------------------------------------------
</TABLE>
Unless otherwise indicated, the principal business address of each of the above
individuals is P.O. Box 2999, Hartford, CT 06104-2999.
*Denotes Board of Directors.
<PAGE>
Item 26. Persons Controlled By or Under Common Control with the Depositor or
Registrant
Filed herewith as Exhibit 16.
Item 27. Number of Contract Owners
As of July 31, 2000, there were 10,733 Contract Owners.
Item 28. Indemnification
Sections 33-770 to 33-778, inclusive, of the Connecticut General
Statutes ("CGS") provide that a corporation may provide indemnification
of or advance expenses to a director, officer, employee or agent.
Reference is hereby made to Section 33-771(e) of CGS regarding
indemnification of directors and Section 33-776(d) of CGS regarding
indemnification of officers, employees and agents of Connecticut
corporations. These statutes provide, in general, that Connecticut
corporations incorporated prior to January 1, 1997 shall, except to the
extent that their certificate of incorporation expressly provides
otherwise, indemnify their directors, officers, employees and agents
against "liability" (defined as the obligation to pay a judgment,
settlement, penalty, fine, including an excise tax assessed with
respect to an employee benefit plan, or reasonable expenses incurred
with respect to a proceeding) when (1) a determination is made pursuant
to Section 33-775 that the party seeking indemnification has met the
standard of conduct set forth in Section 33-771 or (2) a court has
determined that indemnification is appropriate pursuant to Section
33-774. Under Section 33-775, the determination of and the
authorization for indemnification are made (a) by the disinterested
directors, as defined in Section 33-770(3); (b) by special counsel; (c)
by the shareholders; or (d) in the case of indemnification of an
officer, agent or employee of the corporation, by the general counsel
of the corporation or such other officer(s) as the board of directors
may specify. Also, Section 33-772 provides that a corporation shall
indemnify an individual who was wholly successful on the merits or
otherwise against reasonable expenses incurred by him in connection
with a proceeding to which he was a party because he was a director of
the corporation. In the case of a proceeding by or in the right of the
corporation or with respect to conduct for which the director, officer,
agent or employee was adjudged liable on the basis that he received a
financial benefit to which he was not entitled, indemnification is
limited to reasonable expenses incurred in connection with the
proceeding against the corporation to which the individual was named a
party.
Under the Depositor's bylaws, the Depositor must indemnify both
directors and officers of the Depositor for (1) any claims and
liabilities to which they become subject by reason of being or having
been directors or officers of the Depositor and (2) legal and other
expenses incurred in defending against such claims, in each case, to
the extent such is consistent with statutory provisions.
<PAGE>
Section 33-777 of CGS specifically authorizes a corporation to procure
indemnification insurance on behalf of an individual who was a
director, officer, employer or agent of the corporation. Consistent
with the statute, the directors and officers of the Depositor and
Hartford Securities Distribution Company, Inc. ("HSD") are covered
under a directors and officers liability insurance policy issued to The
Hartford Financial Services Group, Inc. and its subsidiaries.
Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or
otherwise, the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid
by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the opinion
of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act
and will be governed by the final adjudication of such issue.
Item 29. Principal Underwriters
(a) HSD acts as principal underwriter for the following investment
companies:
<TABLE>
<S> <C>
Hartford Life Insurance Company - Separate Account One
Hartford Life Insurance Company - Separate Account Two
Hartford Life Insurance Company - Separate Account Two (DC Variable Account I)
Hartford Life Insurance Company - Separate Account Two (DC Variable Account II)
Hartford Life Insurance Company - Separate Account Two (QP Variable Account)
Hartford Life Insurance Company - Separate Account Two (Variable Account "A")
Hartford Life Insurance Company - Separate Account Two (NQ Variable Account)
Hartford Life Insurance Company - Putnam Capital Manager Trust Separate Account
Hartford Life Insurance Company - Separate Account Three
Hartford Life Insurance Company - Separate Account Five
Hartford Life Insurance Company - Separate Account Seven
Hartford Life and Annuity Insurance Company - Separate Account One
Hartford Life and Annuity Insurance Company - Putnam Capital Manager Trust Separate Account Two
<PAGE>
Hartford Life and Annuity Insurance Company - Separate Account Three
Hartford Life and Annuity Insurance Company - Separate Account Five
Hartford Life and Annuity Insurance Company - Separate Account Six
Hartford Life and Annuity Insurance Company - Separate Account Seven
Hart Life Insurance Company - Separate Account One
Hart Life Insurance Company - Separate Account Two
American Maturity Life Insurance Company - Separate Account AMLVA
Servus Life Insurance Company - Separate Account One
Servus Life Insurance Company - Separate Account Two
</TABLE>
(b) Directors and Officers of HSD
<TABLE>
<CAPTION>
POSITIONS AND OFFICES
Name WITH UNDERWRITER
---- ---------------------
<S> <C>
David A. Carlson Vice President
Peter W. Cummins Senior Vice President
David T. Foy Treasurer
Lynda Godkin Senior Vice President, General Counsel and
Corporate Secretary
George R. Jay Controller
Robert A. Kerzner Executive Vice President
Thomas M. Marra Executive Vice President, Director
Paul E. Olson Supervising Registered Principal
Lowndes A. Smith President and Chief Executive Officer, Director
</TABLE>
Unless otherwise indicated, the principal business address of each
the above individuals is P.O. Box 2999, Hartford, CT 06104-2999.
Item 30. Location of Accounts and Records
All of the accounts, books, records or other documents required to
be kept by Section 31(a) of the Investment Company Act of 1940 and
rules thereunder, are maintained by Hartford at 200 Hopmeadow
Street, Simsbury, Connecticut 06089.
Item 31. Management Services
All management contracts are discussed in Part A and Part B of this
Registration Statement.
<PAGE>
Item 32. Undertakings
(a) The Registrant hereby undertakes to file a post-effective
amendment to this Registration Statement as frequently as is
necessary to ensure that the audited financial statements in the
Registration Statement are never more than 16 months old so long
as payments under the variable annuity Contracts may be accepted.
(b) The Registrant hereby undertakes to include either (1) as part of
any application to purchase a Contract offered by the Prospectus,
a space that an applicant can check to request a Statement of
Additional Information, or (2) a post card or similar written
communication affixed to or included in the Prospectus that the
applicant can remove to send for a Statement of Additional
Information.
(c) The Registrant hereby undertakes to deliver any Statement of
Additional Information and any financial statements required to
be made available under this Form promptly upon written or oral
request.
(d) Hartford hereby represents that the aggregate fees and charges
under the Contract are reasonable in relation to the services
rendered, the expenses expected to be incurred, and the risks
assumed by Hartford.
The Registrant is relying on the no-action letter issued by the
Division of Investment Management to American Counsel of Life
Insurance, Ref. No. IP-6-88, November 28, 1988. The Registrant has
complied with conditions one through four of the no-action letter.
<PAGE>
SIGNATURES
As required by the Securities Act of 1933 and the Investment Company Act of
1940, the Registrant certifies that it meets all requirements for effectiveness
of this Registration Statement pursuant to Rule 485(b) under the Securities Act
of 1933 and has caused this Registration Statement to be signed on its behalf,
in the Town of Simsbury, and State of Connecticut on this 25th day of August,
2000.
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY -
SEPARATE ACCOUNT SEVEN
(Registrant)
*By: Thomas M. Marra *By: /s/ Marianne O'Doherty
-------------------------- ----------------------
Thomas M. Marra, President Marianne O'Doherty
Attorney-in-Fact
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
(Depositor)
*By: Thomas M. Marra
--------------------------
Thomas M. Marra, President
Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed below by the following persons and in the
capacity and on the date indicated.
David T. Foy, Senior Vice President,
Chief Financial Officer & Treasurer,
Director *
Lynda Godkin, Senior Vice President, *By: /s/ Marianne O'Doherty
General Counsel & Corporate Secretary, ----------------------
Director* Marianne O'Doherty
Thomas M. Marra, President, Director * Attorney-In-Fact
Lowndes A. Smith, Chief Executive Officer,
Director * Dated: August 25, 2000
David M. Znamierowski, Senior Vice President and
Chief Investment Officer, Director*
333-76423
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EXHIBIT INDEX
(8) Form of Fund Participation Agreement.
(9) Opinion and Consent of Lynda Godkin, Senior Vice President,
General Counsel, and Corporate Secretary.
(10) Consent of Arthur Andersen LLP, Independent Public Accountants.
(15) Copy of Power of Attorney.
(16) Organizational Chart.
