Exhibit 1.(1) Certified Resolution of Board of Directors
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Resolution of Board
Exhibit 1(1) Resolution of the Board of Directors of the Company
Establishing the Separate Account
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CERTIFICATE
I, Susan Vivino, Assistant Secretary of Transamerica Occidental Life
Insurance Company, do hereby certify that the attached is a full, true and
correct copy of a resolution - SEPARATE ACCOUNTS - duly passed and adopted at a
regular meeting of the Board of Directors of Transamerica Occidental Life
Insurance Company on the 6th day of December, 1996 at which meeting a quorum of
directors was present. I further certify that said resolution is now in full
force and effect.
WITNESS my hand and seal of Transamerica Occidental Life Insurance
Company this 15th day of December, 2000.
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EXCERPTS FROM THE MINUTES OF A MEETING OF THE BOARD OF DIRECTORS OF
TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY HELD DECEMBER 6, 1996.
SEPARATE ACCOUNTS
TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY
WHEREAS, this Corporation adopted a resolution authorizing its proper officers
to enter into, make, perform and carry out contracts pursuant to Section 10506
of the California Insurance Code; and
WHEREAS, this Corporation desires to continue entering into, making, performing
and carrying out contracts pursuant to Section 10506 et seq. of the California
Insurance Code, and specifically at this time to authorize its proper officers
to establish additional separate accounts under Section 10506 et seq. of the
California Insurance Code without further action of approval of this Board of
Directors;
THEREFORE IT IS RESOLVED, that this Corporation reaffirms that through its
proper officers, be and hereby is authorized (1) to enter into, make, perform
and carry out contracts of every sort and kind which may be necessary, suitable
or convenient to the conduct of business pursuant to Section 10506 et seq. of
the California Insurance Code, which permits a life insurance company to
allocate to one more separate accounts, in accordance with the terms of a
written agreement approved by the Insurance Commissioner of California, any
amounts that are paid to the Company under a pension, retirement or
profit-sharing plan, or program for one or more persons and that are to be
applied in payment of proceeds or benefits under the Company's policies,
contracts, or agreements in fixed or variable dollar amounts, or both, and (2)
to do all and everything necessary, suitable or convenient to the conduct of
such business, including any act or thing incidental to, or growing out of, or
connected with the conduct of such business and further including, but not
limited to, the power to establish new separate accounts, both pooled and
non-pooled, without further action or approval by this Board of Directors; and
FURTHER RESOLVED, that 1) the income, if any, and gains and losses, realized and
unrealized, in each separate account shall be credited to or charged against
such separate account without regard to other gains or losses of the Company's
general account or other separate accounts; and 2) no separate account shall be
chargeable with liabilities arising out of any other business of the Company.
