U.S. Securities and Exchange Commission
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before preparing Form.
Please print or type:
1. Name and address of issuer: WRL Series Life Account
of Western Reserve Life Assurance Co.
of Ohio
201 Highland Avenue
Largo, FL 34640
2. Name of each series or class of funds for which this notice is filed:
WRL Series Life Account
3. Investment Company Act File Number:
811-4420
Securities Act File Number: 33-506 & 33-5143
4. Last day of fiscal year for which this notice is filed:
December 31, 1995
5. Check box if this notice is being filed more than 180 days after the
close of the issuer's fiscal year for purposes of reporting securities
sold after the close of the fiscal year but before termination of the
issuer's 24f-2 declaration: N/A [ ]
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see instruction A.6):
N/A
7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning of
the fiscal year:
N/A
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
N/A
9. Number and aggregate sale price of securities sold during the fiscal year:
Units sold with an aggregate sales price of $155,389,064
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
Units sold with an aggregate sales price of $155,389,064
<PAGE>
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable (see
instruction B.7):
N/A
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal
year in reliance on rule 24f-2 (from Item 10): $155,389,064
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if
applicable): + 0
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 71,214,244
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing fees
pursuant to rule 24e-2 (if applicable): + 0
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on rule 24f-2
(line (i), plus line (ii), less line (iii),
plus line (iv)) (if applicable): 84,174,820
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law
or regulation (see Instruction C.6): x 1/2900
(vii) Fee due (line (i) or line (v) multiplied
by line (vi)): $ 29,025.80
Instruction: Issuers should complete line (ii), (iii), (iv), and (v) only
if the form is being filed within 60 days after the close of
the issuer's fiscal year. See Instruction C.3.
13. Check box if fees are being remitted to the Commission's lockbox depository
as described in section 3a of the Commission's Rules of Informal and Other
Procedures (17 CFR 202.3a).
[X]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
2/26/96
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By: /s/ Richard B. Franz
------------------------------
Name:
Treasurer
------------------------
Title:
Date: 2/23/96
<PAGE>
February 26, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
RE: Rule 24f-2 Notice for
WRL Series Life Account
1933 Act File No. - 33-506 & 33-5143
1940 Act File No. - 811-4420
Gentlemen:
This letter is furnished in accordance with Rule 24(f)-2(b)(1)(v).
I am Vice President and Counsel of Western Reserve Life Assurance Co. of
Ohio ("WRL") and act in such capacity in legal matters concerning its separate
account, WRL Series Life Account. I have participated in the preparation of
Registration Statements on Form S-6 filed with the Securities and Exchange
Commission concerning WRL Series Life Account, and Post-Effective Amendments
thereto, with respect to individual variable life insurance contracts issued by
WRL.
In so acting, I have made such examination of the law and examined such
records and documents as in my judgement are necessary or appropriate to enable
me to render the opinion expressed below.
I am of the following opinion with respect to the aforesaid individual
variable life insurance contracts, which are the securities the registration of
which is made definitive in number by the Rule 24f-2 Notice that this opinion
accompanies:
1. WRL is a valid and subsisting corporation, organized and operated
under Ohio law, and subject to regulation by the Ohio Director of Insurance.
2. WRL Series Life Account is a separate account validly established and
maintained by WRL in accordance with the provision of the Ohio Insurance Code.
3. All of the prescribed corporate procedures for the issuance of the
individual variable life insurance contracts have been followed, and when such
contracts are issued in accordance with the currently applicable Prospectus, all
applicable state laws will have been complied with.
<PAGE>
Securities and Exchange Commission
February 26, 1996
Page 2
4. WRL has been authorized by its Board of Directors to issue such
contracts and has the corporate power to do so.
5. It is my opinion that, upon acceptance of purchase payments on behalf
of a policyholder pursuant to any individual contract issued in accordance with
the currently applicable Prospectus and upon compliance with applicable local
law, such policyholder has a legally issued and non-assessable contractual
interest under such individual variable life insurance contract, and that
accordingly, said variable life insurance contracts which are the subject matter
of the aforesaid Rule 24f-2 Notice were legally issued, fully paid and
non-assessable.
Very truly yours,
/s/ Thomas E. Pierpan
Thomas E. Pierpan
Vice President and Counsel
