<PAGE>
As filed with the Securities and Exchange Commission on January 25, 2000.
File No. 333-50467
811-06285
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. 3 [X]
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 46 [X]
------
HARTFORD LIFE INSURANCE COMPANY
PUTNAM CAPITAL MANAGER TRUST SEPARATE ACCOUNT
(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)
Marta A. Czekajewski, Esq.
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 January 31, 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>
CROSS REFERENCE SHEET
PURSUANT TO RULE 495(A)
<TABLE>
<CAPTION>
N-4 Item No. Prospectus Heading
------------ ------------------
<S> <C> <C>
1. Cover Page Hartford Life Insurance Company -
Putnam Capital Manager Trust
Separate Account
2. Definitions Glossary of Special Terms
3. Synopsis or Highlights Summary
4. Condensed Financial Yield Information
Information
5. General Description of Hartford Life Insurance Company,
Registrant The Separate Account, The Fixed
Accounts, and The Funds
6. Deductions Contract Charges
7. General Description of The Contract, The Separate
Annuity Contracts Account, The Fixed Accounts, and
Surrenders
8. Annuity Period Settlement Provisions
9. Death Benefit Death Benefits
10. Purchases and Contract Value The Contract, and
Contract Value
11. Redemptions Surrenders
12. Taxes Federal Tax Considerations
13. Legal Proceedings Legal Matters and Experts
14. Table of Contents of the Table of Contents to
Statement of Additional Statement of Additional
Information Information
15. Cover Page Part B; Statement of Additional
Information
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
16. Table of Contents Table of Contents
17. General Information and History Summary
18. Services None
19. Purchase of Securities Distribution of Contracts
being Offered
20. Underwriters Distribution of Contracts
21. Calculation of Performance Data Calculation of Yield and Return
22. Annuity Payments Settlement Provisions
23. Financial Statements Financial Statements
24. Financial Statements and Financial Statements and
Exhibits Exhibits
25. Directors and Officers of the Directors and Officers of the
Depositor Depositor
26. Persons Controlled by or Under Persons Controlled by or Under
Common Control with the Common Control with the
Depositor or Registrant Depositor or Registrant
27. Number of Contract Owners Number of Contract Owners
28. Indemnification Indemnification
29. Principal Underwriters Principal Underwriters
30. Location of Accounts and Location of Accounts and Records
Records
31. Management Services Management Services
32. Undertakings Undertakings
</TABLE>
<PAGE>
PARTS A AND B
The Prospectus and Statement of Additional Information are incorporated in
Parts A and B, respectively, of this Post-Effective Amendment No. 3, by
reference to Post-Effective Amendment No. 2 to the Registration Statement on
Form N-4 (File No. 333-50467), as filed on September 23, 1999 and declared
effective on October 1, 1999.
A Supplement to the Prospectus, dated January 31, 2000 is included in Part A
of this Post-Effective Amendment.
<PAGE>
PUTNAM HARTFORD CAPITAL ACCESS
VARIABLE ANNUITY
HARTFORD LIFE INSURANCE COMPANY
SUPPLEMENT DATED JANUARY 31, 2000 TO THE PROSPECTUS DATED OCTOBER 1, 1999
The following Sub-Accounts and underlying Funds will be added in alphabetical
order to the cover page of the prospectus:
- - PUTNAM AMERICAN GOVERNMENT INCOME SUB-ACCOUNT which purchases Class IB
shares of the Putnam VT American Government Income Fund of Putnam Variable
Trust
- - PUTNAM GROWTH OPPORTUNITIES SUB-ACCOUNT which purchases Class IB shares of
the Putnam VT Growth Opportunities Fund of Putnam Variable Trust
The following will be the Annual Fund Operating Expenses table along with
corresponding footnotes:
ANNUAL FUND OPERATING EXPENSES
(As a percentage of average net assets)
<TABLE>
<CAPTION>
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
TOTAL FUND
MANAGEMENT OPERATING
FEES INCLUDING EXPENSES
WAIVERS 12b-1 FEES OTHER INCLUDING
EXPENSES WAIVERS (1)
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
<S> <C> <C> <C> <C>
Putnam VT American Government Income Fund (2) 0.41% 0.15% 0.49% 1.05%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Asia Pacific Growth Fund 0.80% 0.15% 0.32% 1.27%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Diversified Income Fund 0.67% 0.15% 0.11% 0.93%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Global Asset Allocation Fund 0.65% 0.15% 0.13% 0.93%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Global Growth Fund 0.60% 0.15% 0.12% 0.87%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Growth and Income Fund 0.46% 0.15% 0.04% 0.65%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Growth Opportunities Fund 0.70% 0.15% 0.20% 1.05%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Health Sciences Fund (1)(2) 0.56% 0.15% 0.34% 1.05%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT High Yield Fund 0.64% 0.15% 0.07% 0.86%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Income Fund 0.60% 0.15% 0.07% 0.82%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT International Growth Fund 0.80% 0.15% 0.27% 1.22%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT International Growth and Income Fund 0.80% 0.15% 0.19% 1.14%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT International New Opportunities Fund (2) 0.92% 0.15% 0.68% 1.75%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Investors Fund (2) 0.52% 0.15% 0.33% 1.00%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Money Market Fund 0.45% 0.15% 0.08% 0.68%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT New Opportunities Fund 0.56% 0.15% 0.05% 0.76%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT New Value Fund 0.70% 0.15% 0.11% 0.96%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT OTC & Emerging Growth Fund (2) 0.56% 0.15% 0.34% 1.05%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Research Fund (1)(2) 0.37% 0.15% 0.48% 1.00%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Small Cap Value Fund (1) 0.80% 0.15% 0.59% 1.54%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT The George Putnam Fund of Boston (2) 0.49% 0.15% 0.36% 1.00%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Utilities Growth and Income Fund 0.65% 0.15% 0.07% 0.87%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Vista Fund 0.65% 0.15% 0.12% 0.92%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
Putnam VT Voyager Fund 0.54% 0.15% 0.04% 0.73%
- ----------------------------------------------------------- ---------------- ------------- ------------- ----------------
</TABLE>
<PAGE>
(1) Expenses shown are based on estimated expenses for the first fiscal year.
The Class IB 12b-1 plans provide for payments by each Fund to Putnam Mutual
Funds at the annual rate of up to 0.35%. The Trustees currently limit 12b-1
payments on Class IB shares to 0.15% of average net assets.
(2) The Management Fees and Other Expenses shown in the table above reflect an
expense limitation. In the absence of an expense limitation, Management
Fees, Other Expenses, and Total Fund Operating Expenses would have been:
<TABLE>
<CAPTION>
- --------------------------------------------------- ----------------- ----------- ------------- ---------------
TOTAL FUND
MANAGEMENT FEES OPERATING
INCLUDING EXPENSES
WAIVERS 12b-1 FEES OTHER INCLUDING
EXPENSES WAIVERS
- --------------------------------------------------- ----------------- ----------- ------------- ---------------
<S> <C> <C> <C> <C>
Putnam VT American Government Income Fund 0.65% 0.15% 0.49% 1.29%
- --------------------------------------------------- ----------------- ----------- ------------- ---------------
Putnam VT Health Sciences Fund 0.70% 0.15% 0.34% 1.19%
- --------------------------------------------------- ----------------- ----------- ------------- ---------------
Putnam VT International New Opportunities Fund 1.20% 0.15% 0.68% 2.03%
- --------------------------------------------------- ----------------- ----------- ------------- ---------------
Putnam VT Investors Fund 0.65% 0.15% 0.33% 1.13%
- --------------------------------------------------- ----------------- ----------- ------------- ---------------
Putnam VT OTC & Emerging Growth Fund 0.70% 0.15% 0.34% 1.19%
- --------------------------------------------------- ----------------- ----------- ------------- ---------------
Putnam VT Research Fund 0.65% 0.15% 0.48% 1.28%
- --------------------------------------------------- ----------------- ----------- ------------- ---------------
Putnam VT The George Putnam Fund of Boston 0.65% 0.15% 0.36% 1.16%
- --------------------------------------------------- ----------------- ----------- ------------- ---------------
</TABLE>
The following will be added to the end of the Example that illustrates
situations where the Optional Death Benefit Rider 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 a would pay the following expenses on a following expenses on a $1,000
$1,000 investment, assuming a 5% $1,000 investment, assuming a 5% investment, assuming a 5%
annual return on assets: annual return on assets: annual 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>
Putnam American
Government Income $28 $87 N/A N/A $28 $86 N/A N/A $28 $87 N/A N/A
- -----------------------------------------------------------------------------------------------------------------------------------
Putnam Growth
Opportunities $28 $87 N/A N/A $28 $86 N/A N/A $28 $87 N/A N/A
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
The following will be added to the end of the Example that illustrates
situations where the Optional Death Benefit Rider 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 a would pay the following expenses on a following expenses on a $1,000
$1,000 investment, assuming a 5% $1,000 investment, assuming a 5% investment, assuming a 5%
annual return on assets: annual return on assets: annual 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>
Putnam American
Government Income $27 $82 N/A N/A $26 $81 N/A N/A $27 $82 N/A N/A
- -----------------------------------------------------------------------------------------------------------------------------------
Putnam Growth
Opportunities $27 $82 N/A N/A $26 $81 N/A N/A $27 $82 N/A N/A
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
The following will be added to the "General Contract Information" section,
under "The Funds" in alphabetical order:
PUTNAM VT AMERICAN GOVERNMENT INCOME FUND -- Seeks high current income with
preservation of capital as its secondary objective.
PUTNAM VT GROWTH OPPORTUNITIES FUND -- Seeks capital appreciation.
<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 Underwriter Agreement.(2)
(3) (b) Form of Dealer Agreement.(2)
(4) Form of Individual Flexible Premium Variable Annuity Contract.(1)
(5) Form of Application.(1)
(6) (a) Certificate of Incorporation of Hartford.(3)
(6) (b) Bylaws of Hartford.(1)
(7) Not applicable.
(8) Not applicable.
(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.
- -----------------------------
(1) Incorporated by reference to Post-Effective Amendment No. 2, to
the Registration Statement File No. 33-73570, dated May 1, 1995.
(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, filed on April 14,
1997.
<PAGE>
(12) Not applicable.
(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>
Wendell J. Bossen Vice President
- ----------------------------------------------------------------------------------------------------------------------
Gregory A. Boyko Senior Vice President, Director*
- ----------------------------------------------------------------------------------------------------------------------
Peter W. Cummins Senior Vice President
- ----------------------------------------------------------------------------------------------------------------------
Timothy M. Fitch Vice President
- ----------------------------------------------------------------------------------------------------------------------
Mary Jane B. Fortin Vice President & Chief Accounting Officer
- ----------------------------------------------------------------------------------------------------------------------
David T. Foy Senior Vice President & Treasurer
- ----------------------------------------------------------------------------------------------------------------------
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 Executive Vice President, Director*
- ----------------------------------------------------------------------------------------------------------------------
Joseph J. Noto Vice President
- ----------------------------------------------------------------------------------------------------------------------
Craig R. Raymond Senior Vice President and Chief Actuary
- ----------------------------------------------------------------------------------------------------------------------
Donald A. Salama Vice President
- ----------------------------------------------------------------------------------------------------------------------
Lowndes A. Smith President and Chief Executive Officer, Director*
- ----------------------------------------------------------------------------------------------------------------------
David M. Znamierowski Senior Vice President, 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 November 30, 1999, there were 157,640 Contract Owners.
Item 28. Indemnification
Under Section 33-772 of the Connecticut General Statutes, unless
limited by its certificate of incorporation, the Registrant must
indemnify a director who was wholly successful, on the merits or
otherwise, in the defense of any proceeding to which he was a party
because he is or was a director of the corporation against reasonable
expenses incurred by him in connection with the proceeding.
The Registrant may indemnify an individual made a party to a
proceeding because he is or was a director against liability incurred
in the proceeding if he acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of
the Registrant, and, with respect to any criminal proceeding, had no
reason to believe his conduct was unlawful. Conn. Gen. Stat. Section
33-771(a). Additionally, pursuant to Conn. Gen. Stat. Section 33-776,
the Registrant may indemnify officers and employees or agents for
liability incurred and for any expenses to which they become subject
by reason of being or having been employees or officers of the
Registrant. Connecticut law does not prescribe standards for the
indemnification of officers, employees and agents and expressly states
that their indemnification may be broader than the right of
indemnification granted to directors.
The foregoing statements are specifically made subject to the detailed
provisions of Section 33-770 et seq.
Notwithstanding the fact that Connecticut law obligates the Registrant
to indemnify only a director that was successful on the merits in a
suit, under Article III, Section 1 of the Registrant's bylaws, the
Registrant must indemnify both directors and officers of the
Registrant for (1) any claims and liabilities to which they become
subject by reason of being or having been a directors or officers of
the company and legal and (2) other expenses incurred in defending
against such claims, in each case, to the extent such is consistent
with statutory provisions.
Additionally, the directors and officers of Hartford 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.
<PAGE>
and its subsidiaries. Such policy will reimburse the Registrant for
any payments that it shall make to directors and officers pursuant to
law and will, subject to certain exclusions contained in the policy,
further pay any other costs, charges and expenses and settlements and
judgments arising from any proceeding involving any director or
officer of the Registrant in his past or present capacity as such,
and for which he may be liable, except as to any liabilities arising
from acts that are deemed to be uninsurable.
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
<PAGE>
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
Hartford Life and Annuity Insurance Company - Separate Account Five
Hartford Life and Annuity Insurance Company - Separate Account Six
American Maturity Life Insurance Company - Separate Account AMLVA
Royal Life Insurance Company - Separate Account One
Royal Life Insurance Company - Separate Account Two
Alpine Life Insurance Company - Separate Account One
Alpine Life Insurance Company - Separate Account Two
(b) Directors and Officers of HSD
<TABLE>
<CAPTION>
Name and Principal Positions and Offices
Business Address With Underwriter
------------------ ---------------------
<S> <C>
Lowndes A. Smith President and Chief Executive Officer, Director
Thomas M. Marra Executive Vice President, Director
Robert A. Kerzner Executive Vice President
Peter W. Cummins Senior Vice President
Lynda Godkin Senior Vice President, General Counsel and
Corporate Secretary
David T. Foy Treasurer
George R. Jay Controller
</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
<PAGE>
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 the requirements of Securities
Act Rule 485(b) for effectiveness of this Registration Statement and has
caused this Registration Statement to be signed on its behalf, in the City of
Hartford, and State of Connecticut on this 25th day of January, 2000.
HARTFORD LIFE INSURANCE COMPANY -
PUTNAM CAPITAL MANAGER TRUST
SEPARATE ACCOUNT
(Registrant)
*By: Thomas M. Marra By: /s/ Marta A. Czekajewski
----------------------------------------- ------------------------
Thomas M. Marra, Executive Vice President Marta A. Czekajewski
Attorney-In-Fact
HARTFORD LIFE INSURANCE COMPANY
(Depositor)
*By: Thomas M. Marra
-----------------------------------------
Thomas M. Marra, Executive Vice 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.
Gregory A. Boyko, Senior Vice President,
Director*
Lynda Godkin, Senior Vice President, General
Counsel and Corporate Secretary, Director*
Thomas M. Marra, Executive Vice *By: /s/ Marta A. Czekajewski
President, Director* -------------------------
Lowndes A. Smith, President and Marta A. Czekajewski
Chief Executive Officer, Director* Attorney-In-Fact
David M. Znamierowski, Senior Vice President,
Director* January 25, 2000
<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.
<PAGE>
January 25, 2000 LYNDA GODKIN
Senior Vice President, General Counsel
& Corporate Secretary
LAW DEPARTMENT
Board of Directors
Hartford Life Insurance Company
200 Hopmeadow Street
Simsbury, CT 06089
RE: PUTNAM CAPITAL MANAGER TRUST
SEPARATE ACCOUNT
HARTFORD LIFE INSURANCE COMPANY
Dear Sir/Madam:
I have acted as General Counsel to Hartford Life Insurance Company (the
"Company"), a Connecticut insurance company, and Putnam Capital Manager Trust
Separate Account (the "Account") in Connecticut with the registration of an
indefinite amount of securities in the form of variable annuity contracts
(the "Contracts") with the Securities and Exchange Commission under the
Securities Act of 1933, as amended. I have examined such documents (including
the Form N-4 registration statement) and reviewed such questions of law as I
considered necessary and appropriate, and on the basis of such examination
and review, it is my opinion that:
1. The Company is a corporation duly organized and validly existing as a
stock life insurance company under the laws of the State of Connecticut
and is duly authorized by the Insurance Department of the State of
Connecticut to issue the Contracts.
2. The Account is a duly authorized and existing separate account
established pursuant to the provisions of Section 38a-433 of the
Connecticut Statutes.
3. To the extent so provided under the Contracts, that portion of the assets
of the Account equal to the reserves and other contract liabilities with
respect to the Account will not be chargeable with liabilities arising
out of any other business that the Company may conduct.
4. The Contracts, when issued as contemplated by the Form N-4 Registration
Statement, will constitute legal, validly issued and binding obligations
of the Company.
I hereby consent to the filing of this opinion as an exhibit to the Form N-4
registration statement for the Contracts and the Account.
Sincerely yours,
/s/ Lynda Godkin
Lynda Godkin
<PAGE>
ARTHUR ANDERSEN LLP
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the use of our
reports (and to all references to our Firm) included in or made part of this
Registration Statement File No. 333-50467 for Hartford Life Insurance Company
Putnam Capital Manager Trust Separate Account on Form N-4.
/s/Arthur Andersen LLP
Hartford, Connecticut
January 25, 2000
<PAGE>
HARTFORD LIFE INSURANCE COMPANY
POWER OF ATTORNEY
-----------------
Gregory A. Boyko
David T. Foy
Lynda Godkin
Thomas M. Marra
Lowndes A. Smith
Raymond P. Welnicki
Lizabeth H. Zlatkus
David M. Znamierowski
do hereby jointly and severally authorize Lynda Godkin, Christine Repasy,
Marianne O'Doherty, Thomas S. Clark and Brian Lord to sign as their agent,
any Registration Statement, pre-effective amendment, post-effective amendment
and any application for exemptive relief of the Hartford Life Insurance
Company under the Securities Act of 1933 and/or the Investment Company Act of
1940, and do hereby ratify any such signatures heretofore made by such
persons.
IN WITNESS WHEREOF, the undersigned have executed this Power of Attorney for
the purpose herein set forth.
/s/ Gregory A. Boyko Dated as of January 15, 1999
- ------------------------------
Gregory A. Boyko
/s/ David T. Foy Dated as of January 15, 1999
- ------------------------------
David T. Foy
/s/ Lynda Godkin Dated as of January 15, 1999
- ------------------------------
Lynda Godkin
/s/ Thomas M. Marra Dated as of January 15, 1999
- ------------------------------
Thomas M. Marra
/s/ Lowndes A. Smith Dated as of January 15, 1999
- ------------------------------
Lowndes A. Smith
/s/ Raymond P. Welnicki Dated as of January 15, 1999
- ------------------------------
Raymond P. Welnicki
/s/ Lizabeth H. Zlatkus Dated as of January 15, 1999
- ------------------------------
Lizabeth H. Zlatkus
/s/ David M. Znamierowski Dated as of January 15, 1999
- ------------------------------
David M. Znamierowski
<PAGE>
ORGANIZATIONAL CHART
<TABLE>
<CAPTION>
<S> <C>
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
(DELAWARE)
|
---------------------------------------------
NUTMEG INSURANCE COMPANY |
(CONNECTICUT) THE HARTFORD INVESTMENT
| MANAGEMENT COMPANY
HARTFORD FIRE INSURANCE COMPANY (DELAWARE)
(CONNECTICUT) |
| |
HARTFORD ACCIDENT AND INDEMNITY COMPANY HARTFORD INVESTMENT
(CONNECTICUT) SERVICES, INC.
| (CONNECTICUT)
HARTFORD LIFE, INC.
(DELAWARE)
|
HARTFORD LIFE & ACCIDENT INSURANCE COMPANY
(CONNECTICUT)
|
|
|
-------------------------------------------------------------------------------------------------------------------------
| | | | | | | | |
HARTFORD LIFE | | | | | | HLIC PLANCO
INTERNATIONAL LTD. | | | | | | CANADA FINANCIAL
(CONNECTICUT) | | | | | | HOLDINGS, INC. SERVICES,
| | | | | | | (CANADA) INCORPORATED
| | | | | | | | (PENNSYLVANIA)
| | | | | | | | |
| | ALPINE LIFE HARTFORD FINANCIAL HARTFORD LIFE HARTFORD AMERICAN | |
| | INSURANCE SERVICES LIFE INSURANCE COMPANY FINANCIAL MATURITY LIFE | |
| | COMPANY INSURANCE CO. (CONNECTICUT) SERVICES, LLC INSURANCE COMPANY | |
| | (CONNECTICUT) (CONNECTICUT) | (DELAWARE) (CONNECTICUT) | PLANCO, INC.
| | | | | | (PENNSYLVANIA)
| | ------------------------------------- | AML FINANCIAL, INC. |
HARTFORD CALMA | | | | | (CONNECTICUT) |
COMPANY | ROYAL LIFE HARTFORD HARTFORD | HARTFORD
(FLORIDA) | INSURANCE INTERNATIONAL LIFE AND | LIFE INSURANCE
| COMPANY LIFE REASSURANCE ANNUITY INSURANCE | COMPANY
| OF AMERICA CORP. COMPANY | OF CANADA
|(CONNECTICUT) (CONNECTICUT) (CONNECTICUT) | (CANADA)
| | |
| | |
| ITT HARTFORD |
| LIFE, LTD. |
| (BERMUDA) |
| |
| |
----------| ---------------------------------------------------------------------------------------------
| | | | | |
INTERNATIONAL MS FUND HL INVESTMENT HARTFORD HARTFORD SECURITIES HARTFORD COMP. EMP.
CORPORATE AMERICA 1993-K ADVISORS, LLC EQUITY SALES DISTRIBUTION BENEFITS SERVICE
MARKETING GROUP, INC. SPE, INC. (CONNECTICUT) COMPANY, INC. COMPANY, INC. COMPANY
(CONNECTICUT) (DELAWARE) | (CONNECTICUT) (CONNECTICUT) (CONNECTICUT)
| |
| |
THE EVERGREEN HARTFORD INVESTMENT
GROUP, INC. FINANCIAL SERVICES
(NEW YORK) COMPANY
(DELAWARE)
</TABLE>
<PAGE>
<TABLE>
<S> <C>
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
(DELAWARE)
|
NUTMEG INSURANCE COMPANY
(CONNECTICUT)
|
HARTFORD FIRE INSURANCE COMPANY
(CONNECTICUT)
|
----------------------------------------------------------------------------------------------------------------------------
| | |
| | HARTFORD LIFE
| | -------INTERNATIONAL LTD.
| | | (CONNECTICUT)
| | | |
| | | ITT HARTFORD
| | | ----SUDAMERICANA
| | | | HOLDING S.A.
| | | | (ARGENTINA)
| | | |------------------------------------------------------
| | | | | |
| | | | HARTFORD GALICIA INSTITUTO DE
| | | | SEGUROS VIDA COMPANIA SALTA COMPANIA DE
| | | |--------DE VIDA DE SEGUROS S.A. SEGUROS DE VIDA S.A.
| | | | (URUGUAY) (ARGENTINA) (ARGENTINA)
| | | |
| | ICATU | | ITT HARTFORD
| | HARTFORD | |-----SEGUROS DE VIDA
| | SEGUROS S.A.----------| | (ARGENTINA)
| | (BRAZIL) | |
| | | | |
| | | | | ITT HARTFORD
| | -- ----------| | |------SEGUROS DE
| | | | | | RETIRO S.A.
| | | | | | (ARGENTINA)
|-----------|----------------|---------------|---|--------------------------------------------------------------------------
| | | | | |
| | | ICATU HARTFORD | | CONSULTORA DE CAPITALES
| | | FUNDO DE PENSAO | | S.A. SOCIEDAD GERENTE
| | | (BRAZIL) | |----DE FONDOS COMUNES
| | | | | | DE ENVERSION
| | | | | | (ARGENTINA)
| | | ICATU HARTFORD | |
| | | CAPITALIZACAO S.A. | | CLARIDAD
| | | (BRAZIL) | | ADMINISTRADORA DE
| | | | | |---FONDOS DE JUBILACIONES
| | | BRAZILCAP | | Y PENSIONES S.A.
| | | CAPITALIZACAO S.A. | | (ARGENTINA)
| | | (BRAZIL) | |
| | | | |
| | -------------------------- | |
| |--------------- | | |
| | | | |
HARTFORD FIRE HARTFORD FIRE | | |------- SEGPOOL S.A.
INTERNATIONAL------------INTERNATIONAL, LTD. | | | (ARGENTINA)
(GERMANY) GMBH (CONNECTICUT) | | |
(WEST GERMANY) | | |
| | |
ICATU HARTFORD | | | THESIS S.A.
ADMINISTRACAO | | |-------- (ARGENTINA)
DE BENEFICIOS LTDA-- | | |
(BRAZIL) | |
| |
----------------- |
| |
CAB |--------- U.O.R., S.A.
CORPORATION (ARGENTINA)
(BRITISH VIRGIN ISLANDS)
</TABLE>
<PAGE>
<TABLE>
<S> <C>
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
(DELAWARE)
|
NUTMEG INSURANCE COMPANY
(CONNECTICUT)
|
HARTFORD FIRE INSURANCE COMPANY
(CONNECTICUT)
|
- --------------------------------------------------------------------------------------------------------------------------------|
| |
THE HARTFORD INTERNATIONAL |
|-----------------------------------------------------------------------FINANCIAL SERVICES GROUP, INC. |
| | | (DELAWARE) |
| | | ----------------------|----------------- |
| | | | | | | |
ZWOLSCHE | | ITT HARTFORD LONDON AND | HARTFORD |
ALGEMEENE N.V. | | INTERNATIONAL, LTD. EDINBURGH | EUROPE, INC. |
(NETHERLANDS) | | (U.K.) INSURANCE GROUP, LTD.| (DELAWARE) |
| | | (U.K.) | |
| | | | | |
| | | ------------- | |
| | | | | |
| ITT ASSURANCES HARTFORD INTERNATIONAL | LONDON AND --ITT ERCOS |
| S.A. INSURANCE CO., N.V. |--- EDINBURGH DE SEGUROS Y |
| ZWOLSCHE ALGEMEENE (FRANCE) (BELGIUM) | INSURANCE CO., LTD. REASEGUROS S.A.|
|----SCHADEVERZEKERING | | (U.K.) (SPAIN) |
--------| N.V.----------------------------------- | | | |
| | (NETHERLANDS) | | | | |
Z.A. | | | | EXCESS INSURANCE |
- --VERZEKERINGEN | | | | COMPANY LTD. |
| N.V. | ZWOLSCHE ALGEMEENE | | | (U.K.) |
| (BELGIUM) |------HERVERZEKERING B.V. | | | |
| | -----| (NETHERLANDS) | | | LONDON AND |
| | | | | | |--- EDINBURGH LIFE |
| Z.A. LUX S.A. | | | | ASSURANCE CO., LTD. |
| (LUXEMBURG) | ZWOLSCHE ALGEMEENE | | | (U.K.) |
| |--LEVENS-VERZEKERING N.V.------------ | | | |
| | (NETHERLANDS) | | | | |
- ----------------|------------------------------------|------------|------|--------------|---------------------------------------|
| | | | | | |
| -------- | | | | |
| | | | | | | |
| ZWOLSCHE | ZWOLSCHE ALGEMEENE ZWOLSCHE ALGEMEENE | | | |
| ALGEMEENE |-----HYPOTHEKEN N.V. BELEGGINGEN III B.V. | | | |
| EUROPA B.V. | (NETHERLANDS) (NETHERLANDS) | | | |
| (NETHERLANDS) | ---------- | | |
- --------| | | | | |
| EXPLOITATIEMAAT- BELEGGINGSMAAT- | | |
|----- SCHAPPIJ SCHAPPIJ | | |
| BUIZERDLAAN B.V. BUIZERDLAAN B.V. | | |
| (NETHERLANDS) (NETHERLANDS) | | |
| | | |
| | | -----
| HOLLAND | |-------------------------- |
|---- BELEGGINGSGROEP B.V. | | | |
(NETHERLANDS) | |----------------- | |
| -------| | | |
| | | | | |
| | | | | |
F.A. KNIGHT | MACALISTER & LONDON AND | HARTFORD FIRE
& SON N.V. | DUNDAS, LTD. EDINBURGH | INTERNATIONAL
(BELGIUM) | (SCOTLAND) TRUSTEES, LTD. | SERVICIOS
| (U.K.) | (SPAIN)
------------------------- -----------
| | |
FENCOURT QUOTEL LONDON AND
PRINTERS, LTD. INSURANCE EDINBURGH
(U.K.) SYSTEMS, LTD. SERVICES, LTD.
(U.K.) (U.K.)
|
EUROSURE
INSURANCE
MARKETING, LTD.
(U.K.)
</TABLE>
