RELIASTAR BANKERS SECURITY LIFE INSURANCE CO
485BPOS, 1997-05-23
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                         UNITED STATES FILE NO. 2-76642
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                       POST-EFFECTIVE AMENDMENT NO. 22 TO
                                    FORM S-6


                FOR REGISTRATION UNDER THE SECURITIES ACT OF 1933
                     OF SECURITIES OF UNIT INVESTMENT TRUSTS
                            REGISTERED ON FORM N-8B-2


   
A.   Exact name of trust:  Reliastar  Bankers  Security  Variable  Life Separate
     Account I

B.   Name of Depositor: Reliastar Bankers Security Life Insurance Company
    

C.   Complete address of depositor's principal executive offices:
     1000 Woodbury Road,
     Suite 102
     Woodbury, New York 11797

   
D.   Name and complete address of agent for service:
     Robert B. Saginaw, Esq.
     20 Washington Avenue South
     Minneapolis, MN 55401
    

It is proposed that this filing will become effective (check appropriate box)

   
/X/  immediately  upon filing  pursuant to paragraph (b) 
    
/ /  on (date) pursuant to paragraph (b) 
/ /  60 days after filing pursuant to paragraph (a)(1) on
/ /  (date) pursuant to paragraph (a)(1) of rule 485.

     If appropriate, check the following box:

/ /  this post-effective amendment designates a new effective date for a
     previously filed post-effective amendment.

E.   Title and amount of securities being  registered:  Interest in the Separate
     Account  Under  Scheduled  and  Single  Premium   Variable  Life  Insurance
     Policies.

F.   Proposed maximum  aggregate  offering price to the public of the securities
     being registered. Not Applicable.

   
G.   Amount of filing  fee:  None.  The  registrant  has chosen to  register  an
     indefinite  number of policies under the securities act of 1933 pursuant to
     rule 24f-2 under the investment  company act of 1940. The rule 24f-2 notice
     for registrant's most recent fiscal year was filed on February 21, 1997.
    

H.   Approximate date of proposed public offering:

     / / Check box if it is proposed that this filing will become  effective on
     (date) at (time) pursuant to Rule 487.


   
         "REASONABLENESS" REPRESENTATION PURSUANT TO SECTION 26(e)(2)(A)
                      OF THE INVESTMENT COMPANY ACT OF 1940

     Depositor represents that the fees and charges deducted under the scheduled
and single premium  variable life  insurance  policies,  in the  aggregate,  are
reasonable  in relation to the services  rendered,  the expenses  expected to be
incurred,  and the risks assumed by ReliaStar  Bankers  Security Life  Insurance
Company.
    


                                   SIGNATURES

   
Pursuant to the  requirements  of the  Securities Act of 1933 and the Investment
Company Act of 1940, the Registrant,  ReliaStar  Bankers Security  Variable Life
Separate  Account  I,  certifies  that  it  meets  all of the  requirements  for
effectiveness  of the  Registration  Statement  pursuant  to rule  485(b) of the
Securities  Act to 1933 and has duly caused this  Registration  Statement  to be
signed on its behalf by the undersigned thereunto duly authorized in the City of
Woodbury, and State of New York, on the 23rd day of May, 1997.

                     RELIASTAR BANKERS SECURITY VARIABLE LIFE
                     SEPARATE ACCOUNT I
                     (Registrant)

                     By:  RELIASTAR BANKERS SECURITY LIFE INSURANCE
                     COMPANY
                     (Depositor)

                     By:/s/John H. Flittie
                        ------------------
                           John H. Flittie
                           Vice Chairman, Chief Executive Officer, and President

As  required by the  Securities  Act of 1933 and the  Investment  Company Act of
1940, Depositor has caused Post-Effective  Amendment No. 22 of this Registration
Statement  to be signed on its  behalf,  in the City of  Woodbury,  State of New
York, on this 23rd day of May, 1997.

                     RELIASTAR BANKERS SECURITY LIFE INSURANCE
                     COMPANY
                     (Depositor)

                     By:/s/John H. Flittie
                        ------------------
                           John H. Flittie
                           Vice Chairman, Chief Executive Officer, and President

As required by the  Securities Act of 1933,  Post-Effective  Amendment No. 22 of
this Registration Statement has been signed on this 23rd day of May, 1997 by the
following directors and officers of Depositor in the capacities indicated:

/s/John H. Flittie                   Vice Chairman, Chief Executive Officer, and
   ---------------                   President
   John H. Flittie

/s/Rebecca B. Crunk                  Vice President, Treasurer, and Controller
   ----------------
   Rebecca B. Crunk
    

Stephen A. Carb      Wayne R. Huneke            John G. Turner
R. Michael Conley    Kenneth U. Kuk             Charles B. Updike
Richard R. Crowl     Richard E. Nolan           Ross M. Weale
John H. Flittie      Fioravante G. Perrotta     Steven W. Wishart
James T. Hale        Robert C. Salipante

* A majority of the Board of Directors

* Robert B. Saginaw,  by signing his name hereto, does hereby sign this document
on behalf of each of the  above-named  directors of ReliaStar  Bankers  Security
Life  Insurance  Company  pursuant to powers of attorney  duly  executed by such
persons.

                       /s/Robert B. Saginaw
                       --------------------------------------
                          Robert B. Saginaw, Attorney-In-Fact



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