<PAGE>
As filed with the Securities and Exchange Commission on September 22, 2000.
File No. 33-19945
811-04732
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. 16 [X]
------
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 175 [X]
------
HARTFORD LIFE INSURANCE COMPANY
SEPARATE ACCOUNT TWO
(Exact Name of Registrant)
HARTFORD LIFE 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)
It is proposed that this filing will become effective:
_____ immediately upon filing pursuant to paragraph (b) of Rule 485
__X__ on October 2, 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 RULE 24F-2(a)(1) 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
financials statements therein) are incorporated in Parts A and B,
respectively, of this Post-Effective Amendment No. 16, by reference to
Post-Effective Amendment No. 15 to the Registration Statement on Form N-4
(File No. 33-19945), as filed on April 13, 2000 and declared effective on May
1, 2000.
A Supplement to the Prospectus, dated October 2, 2000 is included in Part A of
this Post-Effective Amendment.
<PAGE>
THE DIRECTOR
SERIES I
SEPARATE ACCOUNT TWO
HARTFORD LIFE INSURANCE COMPANY
SUPPLEMENT DATED OCTOBER 2, 2000 TO THE PROSPECTUS DATED MAY 1, 2000
In the "Definitions" section, the following definition is added immediately
after the definition of "Commuted Value":
CONTINGENT ANNUITANT: The person you may designate to become the Annuitant if
the original Annuitant dies before the Annuity Commencement Date. You must name
a Contingent Annuitant before the original Annuitant's death.
The "Accumulation Unit Values" table is deleted and replaced with the following:
ACCUMULATION UNIT VALUES
(For and Accumulation Unit outstanding throughout the period)
The following audited information from the financial statements of the
Separate Account has been audited by Arthur Andersen LLP, independent public
accountants, as indicated in their report with respect thereto, and should be
read in conjunction with those statements which are included in the Statement
of Additional Information, which is incorporated by reference in this
Prospectus. The unaudited information, which reflects the deduction for the
Optional Death Benefit, has been derived from the audited financial
statements of the Separate Account. No information is shown for Hartford
Global Health HLS Fund Sub-Account and Hartford Global Technology HLS Fund
Sub-Account because, as of December 31, 1999, the Sub-Accounts had not yet
commenced operations.
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
WITH THE
WITHOUT THE OPTIONAL
OPTIONAL DEATH
DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD BOND HLS FUND
SUB-ACCOUNT -- NON-QUALIFIED
Accumulation unit value at
beginning of period (a) $4.307 $4.149 $4.023 $3.649 $3.560 $3.035 $3.191 $2.924 $2.798 $2.27 $2.261
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $4.178 $4.177 $4.307 $4.023 $3.649 $3.560 $3.035 $3.191 $2.924 $2.798 $2.27
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 1,528 -- 1,962 1,879 2,005 2,377 2,747 3,449 3,618 4,101 4,099
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD BOND HLS FUND
SUB-ACCOUNT -- QUALIFIED
Accumulation unit value at
beginning of period (a) $4.374 $4.213 $4.085 $3.705 $3.615 $3.082 $3.240 $2.969 $2.842 $2.465 $2.296
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $4.243 $4.241 $4.374 $4.085 $3.705 $3.615 $3.082 $3.240 $2.969 $2.842 $2.465
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 213 -- 233 276 286 331 387 493 557 598 741
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD STOCK HLS FUND
SUB-ACCOUNT -- NON-QUALIFIED
Accumulation unit value at
beginning of period (a) $11.224 $11.713 $8.493 $6.530 $5.303 $3.994 $4.112 $3.633 $3.334 $2.702 $2.84
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $13.311 $13.306 $11.224 $8.493 $6.530 $5.303 $3.994 $4.112 $3.633 $3.334 $2.702
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 2,765 -- 2,913 3,173 3,407 4,081 3,744 4,033 4,383 4,389 4,551
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD STOCK HLS FUND
SUB-ACCOUNT QUALIFIED
Accumulation unit value at
beginning of period (a) $11.738 $12.250 $8.882 $6.829 $5.546 $4.177 $4.301 $3.799 $3.487 $2.826 $2.97
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $13.920 $13.916 $11.738 $8.882 $6.829 $5.546 $4.177 $4.301 $3.799 $3.487 $2.826
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 680 -- 803 848 830 940 1,015 1,043 985 1,110 1,013
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD MONEY MARKET HLS FUND
SUB-ACCOUNT
NON-QUALIFIED
Accumulation unit value at
beginning of period (a) $2.681 $2.758 $2.572 $2.466 $2.369 $2.262 $2.198 $2.157 $2.102 $2.002 $1.871
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.784 $2.783 $2.681 $2.572 $2.466 $2.369 $2.262 $2.198 $2.157 $2.102 $2.002
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 6,996 -- 9,019 12,010 13,211 10,105 14,167 15,270 19,145 25,059 31,519
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD MONEY MARKET HLS FUND
SUB-ACCOUNT QUALIFIED
Accumulation unit value at
beginning of period (a) $2.679 $2.757 $2.571 $2.465 $2.368 $2.261 $2.197 $2.156 $2.101 $2.001 $1.87
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.782 $2.782 $2.679 $2.571 $2.465 $2.368 $2.261 $2.197 $2.156 $2.101 $2.001
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 460 -- 612 979 1,362 1,178 1,194 1,160 2,542 3,959 4,837
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD ADVISERS HLS FUND
SUB-ACCOUNT NON-QUALIFIED
Accumulation unit value at
beginning of period (a) $6.604 $6.674 $5.351 $4.341 $3.761 $2.960 $3.074 $2.766 $2.579 $2.164 $2.159
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $7.231 $7.228 $6.604 $5.351 $4.341 $3.761 $2.960 $3.074 $2.766 $2.579 $2.164
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 8,513 -- 9,942 11,223 12,469 13,796 15,417 17,371 18,273 19,355 21,074
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD ADVISERS HLS FUND
SUB-ACCOUNT QUALIFIED
Accumulation unit value at
beginning of period (a) $6.604 $6.674 $5.351 $4.341 $3.761 $2.960 $3.074 $2.766 $2.579 $2.164 $2.159
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $7.231 $7.228 $6.604 $5.351 $4.341 $3.761 $2.960 $3.074 $2.766 $2.579 $2.164
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 2,884 -- 3,191 3,353 3,531 4,045 4,661 5,005 5,231 5,513 6,012
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD CAPITAL APPRECIATION
GROWTH HLS FUND
SUB-ACCOUNT NON-QUALIFIED
Accumulation unit value at
beginning of period (a) $9.319 $10.263 $8.151 $6.729 $5.631 $4.367 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $12.683 $12.678 $9.319 $8.151 $6.729 $5.631 $4.367 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 1,995 -- 2,433 2,279 2,634 3,859 2,983 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD CAPITAL APPRECIATION
GROWTH HLS FUND
SUB-ACCOUNT QUALIFIED
Accumulation unit value at
beginning of period (a) $9.323 $10.267 $8.154 $6.732 $5.633 $4.369 $1.764 $1.736 $1.698 $1.624 $1.525
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $12.688 $12.684 $9.323 $8.154 $6.732 $5.633 $4.369 $1.764 $1.736 $1.698 $1.624
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 694 -- 775 859 888 891 938 38 84 124 125
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD MORTGAGE SECURITIES HLS
FUND SUB-ACCOUNT
NON-QUALIFIED
Accumulation unit value at
beginning of period (a) $2.845 $2.840 $2.692 $2.495 $2.398 $2.085 $4.303 $3.598 $3.106 $2.036 $2.308
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.859 $2.858 $2.845 $2.692 $2.495 $2.398 $2.085 $4.303 $3.598 $3.106 $2.036
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 4,637 -- 5,584 6,914 8,165 9,957 11,297 3,032 3,803 3,521 2,204
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD MORTGAGE SECURITIES HLS
FUND SUB-ACCOUNT QUALIFIED
Accumulation unit value at
beginning of period (a) $2.845 $2.840 $2.692 $2.495 $2.398 $2.085 $4.305 $3.599 $3.107 $2.037 $2.309
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.859 $2.858 $2.845 $2.692 $2.495 $2.398 $2.085 $4.305 $3.599 $3.107 $2.037
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 455 -- 484 695 755 1,001 1,432 1,026 859 915 793
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD INTERNATIONAL
OPPORTUNITIES HLS FUND SUB-
ACCOUNT NON-QUALIFIED
Accumulation unit value at
beginning of period (c) $1.676 $1.934 $1.497 $1.507 $1.348 $1.195 $2.140 $2.033 $1.963 $1.728 $1.591
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.321 $2.320 $1.676 $1.497 $1.507 $1.348 $1.195 $2.140 $2.033 $1.963 $1.728
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 1,040 -- 1,314 314 374 403 557 14,186 17,449 20,875 23,365
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD INTERNATIONAL
OPPORTUNITIES HLS FUND SUB-
ACCOUNT QUALIFIED
Accumulation unit value at
beginning of period (c) $1.677 $1.935 $1.497 $1.507 $1.348 $1.195 $2.140 $2.033 $1.963 $1.728 $1.591
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.322 $2.321 $1.677 $1.497 $1.507 $1.348 $1.195 $2.140 $2.033 $1.963 $1.728
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 165 -- 197 1,518 1,951 1,765 2,439 2,005 3,646 4,104 4,668
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD DIVIDEND & GROWTH HLS
FUND SUB-ACCOUNT
(NON-QUALIFIED)
Accumulation unit value at
beginning of period (d) $2.501 $2.451 $2.170 $1.661 $1.366 $1.011 $1.000 $0.929 $0.982 $0.878 $1.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.608 $2.607 $2.501 $2.170 $1.661 $1.366 $1.011 $1.230 $0.929 $0.982 $0.878
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 1,206 -- 1,616 1,710 1,241 665 335 410 174 105 33
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD DIVIDEND & GROWTH HLS
FUND SUB-ACCOUNT (QUALIFIED)
Accumulation unit value at
beginning of period (d) $2.501 $2.451 $2.170 $1.662 $1.366 $1.011 $1.000 $0.929 $0.982 $0.878 $1.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.608 $2.607 $2.501 $2.170 $1.662 $1.366 $1.011 $1.230 $0.929 $0.982 $0.878
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 303 -- 418 391 291 61 37 1,473 254 127 34
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD INTERNATIONAL ADVISERS
HLS FUND SUB-ACCOUNT
(NON-QUALIFIED)
Accumulation unit value at
beginning of period (e) $1.491 $1.620 $1.328 $1.271 $1.149 $1.000 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $1.818 $1.817 $1.491 $1.328 $1.271 $1.149 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 154 -- 201 223 348 30 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD INTERNATIONAL ADVISERS
HLS FUND SUB-ACCOUNT
(QUALIFIED)
Accumulation unit value at
beginning of period (e) $1.491 $1.620 $1.328 $1.271 $1.149 $1.000 -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $1.818 $1.817 $1.491 $1.328 $1.271 $1.149 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 12 -- 23 37 19 10 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD INDEX HLS FUND
SUB-ACCOUNT (NON-QUALIFIED)
Accumulation unit value at
beginning of period (b) $1.867 $1.946 $1.472 $1.121 $1.000 -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.227 $2.226 $1.867 $1.472 $1.121 -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 706 -- 570 557 106 -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD INDEX HLS FUND
SUB-ACCOUNT (QUALIFIED)
Accumulation unit value at
beginning of period (b) $1.867 $1.946 $1.472 $1.121 $1.000 -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.227 $2.226 $1.867 $1.472 $1.121 -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 181 -- 146 103 39 -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD SMALL COMPANY HLS FUND
SUB-ACCOUNT
(NON-QUALIFIED)
Accumulation unit value at
beginning of period (f) $1.382 $1.664 $1.251 $1.067 $1.000 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.270 $2.269 $1.382 $1.251 $1.067 -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 2,534 -- 3,670 377 110 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD SMALL COMPANY HLS FUND
SUB-ACCOUNT (QUALIFIED)
Accumulation unit value at
beginning of period (f) $1.382 $1.664 $1.251 $1.067 -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.270 $2.269 $1.382 $1.251 $1.067 -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 228 -- 228 100 10 -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD MIDCAP HLS FUND
SUB-ACCOUNT (NON-QUALIFIED)
Accumulation unit value at
beginning of period (g) $1.376 $1.601 $1.098 $1.000 -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.068 $2.067 $1.376 $1.098 -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 4,561 -- 243 34 -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD MIDCAP HLS FUND
SUB-ACCOUNT (QUALIFIED)
Accumulation unit value at
beginning of period (g) $1.376 $1.601 $1.098 $1.000 -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $2.068 $2.067 $1.376 $1.098 -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 276 -- 90 12 -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD GROWTH AND INCOME HLS
FUND SUB-ACCOUNT
(NON-QUALIFIED)
Accumulation unit value at
beginning of period (h) $1.184 $1.233 $1.000 -- -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $1.428 $1.427 $1.184 -- -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 94 -- 10 -- -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD GROWTH AND INCOME HLS
FUND SUB-ACCOUNT (QUALIFIED)
Accumulation unit value at
beginning of period (h) $1.184 $1.233 $1.000 -- -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $1.428 $1.427 $1.184 -- -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 297 -- 181 -- -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD GLOBAL LEADERS HLS FUND
SUB-ACCOUNT
(NON-QUALIFIED)
Accumulation unit value at
beginning of period (i) $1.316 $1.514 $1.000 -- -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $1.958 $1.958 $1.316 -- -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 133 -- 10 -- -- -- -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD GLOBAL LEADERS HLS FUND
SUB-ACCOUNT (QUALIFIED)
Accumulation unit value at
beginning of period (i) $1.316 $1.514 $1.000 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $1.958 $1.958 $1.316 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 31 -- 10 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD HIGH YIELD HLS FUND
SUB-ACCOUNT (NON-QUALIFIED)
Accumulation unit value at
beginning of period (i) $1.036 $1.053 $1.000 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $1.073 $1.073 $1.036 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 29 -- 10 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HARTFORD HIGH YIELD HLS FUND
SUB-ACCOUNT (QUALIFIED)
Accumulation unit value at
beginning of period (i) $1.036 $1.053 $1.000 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation unit value at end
of period $1.073 $1.073 $1.036 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Number accumulation units
outstanding at end of period
(in thousands) 10 -- 16 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Inception date August 1, 1986.
(b) Inception date May 1, 1987.
(c) Inception date July 2, 1990.
(d) Inception date March 8, 1994.
(e) Inception date March 1, 1995.
(f) Inception date August 9, 1996.
(g) Inception date July 15, 1997.
(h) Inception date June 1, 1998.
(i) Inception date September 30, 1998.
In the "Highlights" section, in the first paragraph of the sub-section entitled
"Will Hartford pay a Death Benefit?", the first sentence is deleted and
replaced with the following:
There is a Death Benefit if the Contract Owner, joint owner or Annuitant
die before we begin to make Annuity Payouts.
In the "Highlights" section, under the subsection "What Annuity Payout Options
are available?" the second paragraph is deleted and replaced with the following:
You must begin to take payments before the Annuitant's 90th birthday or
the end of the 10th Contract Year, whichever comes later, unless you
elect a later date to begin receiving payments subject to the laws and
regulations then in effect and our approval. If you do not tell us what
Annuity Payout Option you want before that time, we will pay you under
the variable Life Annuity with a 10-year Period Certain Annuity Option.
If your Contract is issued in New York, you cannot defer beyond the
Annuitant's 90th birthday. Please consult your Registered
Representative or call us.
In the "General Contract Information" section, immediately under the table
entitled "Hartford's Ratings" the following paragraph is added:
These ratings apply to Hartford's ability to meet its obligations under
the Contract. The ratings do not apply to the Separate Account or the
underlying Funds.
<PAGE>
In the "Death Benefit" section, in the first paragraph of the sub-section
entitled "What is the Death Benefit and how is it calculated?", the first
sentence is deleted and replaced with the following:
The Death Benefit is the amount we will pay upon the death of the Contract
Owner, joint Owner or Annuitant.
In the "Death Benefit" section, the sub-section entitled "Who will receive the
Death Benefit?" is deleted and replaced with the following language:
The distribution of the Death Benefit is based on whether death is before, on or
after the Annuity Commencement Date.
<TABLE>
<CAPTION>
IF DEATH OCCURS BEFORE THE ANNUITY COMMENCEMENT DATE:
------------------------------ ---------------------------- ---------------------------- ----------------------------
IF THE DECEASED IS THE... AND... AND... THEN THE...
<S> <C> <C> <C>
Contract Owner There is a surviving joint The Annuitant is living or Joint Contract Owner
Contract Owner deceased receives the Death Benefit.
Contract Owner There is no surviving joint The Annuitant is living or Designated Beneficiary
Contract Owner deceased receives the Death Benefit.
Contract Owner There is no surviving joint The Annuitant is living or Contract Owner's estate
Contract Owner and the deceased receives the Death Benefit.
Beneficiary predeceases the
Contract Owner
Annuitant The Contract Owner is living There is no named Contingent Death Benefit is paid to the
Annuitant Contract Owner and not the
designated Beneficiary.
Annuitant The Contract The Contingent Contingent
---------------------------------------------------------------------------------------------------------------------
<PAGE>
---------------------------------------------------------------------------------------------------------------------
Owner is living Annuitant is living Annuitant becomes
the Annuitant, and the
Contract continues.
---------------------------------------------------------------------------------------------------------------------
</TABLE>
IF DEATH OCCURS ON OR AFTER THE ANNUITY COMMENCEMENT DATE:
<TABLE>
<CAPTION>
------------------------------------ -------------------------------------- -----------------------------------------
IF THE DECEASED IS THE... AND... THEN THE...
<S> <C> <C>
Contract Owner The Annuitant is living Designated Beneficiary becomes the
Contract Owner.
Annuitant The Contract Owner is living Contract Owner receives the Death
Benefit.
Annuitant The Annuitant is also the Contract Designated Beneficiary receives the
Owner Death Benefit.
------------------------------------ -------------------------------------- -----------------------------------------
</TABLE>
THESE ARE THE MOST COMMON DEATH BENEFIT SCENARIOS, HOWEVER, THERE ARE OTHERS.
SOME OF THE ANNUITY PAYOUT OPTIONS MAY NOT RESULT IN A DEATH BENEFIT PAYOUT. IF
YOU HAVE QUESTIONS ABOUT THESE AND ANY OTHER SCENARIOS, PLEASE CONTACT YOUR
REGISTERED REPRESENTATIVE OR US.
In the "Annuity Payouts" section, under the sub-section "1. When do you
want Annuity Payouts to begin?", the last sentence of the first paragraph is
deleted and replaced with the following language:
The Annuity Commencement Date cannot be deferred beyond the Annuitant's 90th
birthday or the end of the 10th Contract Year, whichever is later unless you
elect a later date to begin receiving payments subject to the laws and
regulations then in effect and our approval. If your Contract is issued in New
York, you cannot defer beyond the Annuitant's 90th birthday. If this Contract is
issued to the trustee of a Charitable Remainder Trust, the Annuity Commencement
Date may be deferred to the Annuitant's 100th birthday.
In the "Annuity Payouts" section, under the subsection "2. Which Annuity Payout
Option do you want to use?" under the subsection "Important Information", that
last two bulleted paragraphs are deleted and replaced with the following:
- For Non-Qualified Contracts, if you do not elect an Annuity Payout Option,
variable Annuity Payouts will automatically begin on the Annuity
Commencement Date under the Life Annuity with Payments for a Period Certain
Annuity Payout Option with period certain payouts for 10 years.
- For Qualified Contracts and Contracts issued in Texas, if you do not elect
an Annuity Payout Option, variable Annuity Payouts will begin automatically
on the Annuity Commencement Date, under the Life Annuity Payout Option.
In the "Other Programs Available" section, in the paragraph entitled "Automatic
Income" the first sentence is deleted and replaced with the following:
The Automatic Income Program allows you to Surrender up to 10% of your
total Premium Payments each Contract Year without a Contingent Deferred
Sales Charge.
HV-2741
33-19945
<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 Insurance
Company ("Hartford") authorizing the establishment of the
Separate Account.(1)
(2) Not applicable.
(3) (a) Principal Underwriting Agreement.(1)
(b) Form of Dealer Agreement.(1)
(4) Form of the Variable Annuity Contract.(1)
(5) Form of Application.(1)
(6) (a) Restated Certificate of Incorporation of Hartford.(2)
(b) Bylaws of Hartford.(2)
(7) Not applicable.
(8) Form of Fund Participation Agreement.(3)
(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.
(13) Not applicable.
-----------------------
(1) Incorporated by reference to Post Effective Amendment No. 9, to the
Registration Statement File No. 33-19945, dated May 1, 1995.
(2) Incorporated by reference to Post Effective Amendment No. 19, to the
Registration Statement File No. 33-73570, dated April 14, 1997.
(3) Incorporated by reference to Post-Effective Amendment No. 2 to the
Registration Statement File No. 333-91921 filed on August 25, 2000.
<PAGE>
(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 and 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 Vice President
-------------------------------------------- -------------------------------------------------------------------------
Michael D. Keeler Vice President
-------------------------------------------- -------------------------------------------------------------------------
Robert A. Kerzner Senior Vice President
-------------------------------------------- -------------------------------------------------------------------------
Thomas M. Marra President, Director*
-------------------------------------------- -------------------------------------------------------------------------
Deanne Osgood Vice President
-------------------------------------------- -------------------------------------------------------------------------
Craig R. Raymond Senior Vice President and Chief Actuary
-------------------------------------------- -------------------------------------------------------------------------
Lowndes A. Smith Chief Executive Officer, Director*
-------------------------------------------- -------------------------------------------------------------------------
John C. Walters Executive Vice President
-------------------------------------------- -------------------------------------------------------------------------
David M. Znamierowski Senior Vice President and Chief Investment Officer, Director*
-------------------------------------------- -------------------------------------------------------------------------
</TABLE>
Unless otherwise indicated, the principal business address of each 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 252,914 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.
Section 33-777 of CGS specifically authorizes a corporation to procure
<PAGE>
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:
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
Hartford Life and Annuity Insurance Company - Separate Account
Three
<PAGE>
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
(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.
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
<PAGE>
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 the requirements for
effectiveness of this Registration Statement pursuant to Rule 485(b) under the
Securities Act of 1933 and duly caused this Registration Statement to be signed
on its behalf, in the Town of Simsbury, and State of Connecticut on this 14th
day of September, 2000.
HARTFORD LIFE INSURANCE COMPANY --
SEPARATE ACCOUNT TWO (VARIABLE ACCOUNT "A")
(Registrant)
*By: Thomas M. Marra *By: /s/ Marianne O'Doherty
------------------------------------- ----------------------
Thomas M. Marra, President Marianne O'Doherty
Attorney-In-Fact
HARTFORD LIFE 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 and Treasurer, Director*
Lynda Godkin, Senior Vice President, General
Counsel and Corporate Secretary, Director*
Thomas M. Marra, President, *By: /s/ Marianne O'Doherty
Director* ----------------------
Lowndes A. Smith, Chief Executive Officer, Marianne O'Doherty
Director * Attorney-In-Fact
Lizabeth H. Zlatkus, Executive Vice President,
Director* Date: September 14, 2000
David M. Znamierowski, Senior Vice President and
Chief Investment Officer, Director*
33-19945
<PAGE>
EXHIBIT INDEX
(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.
