<PAGE>
As filed with the Securities and Exchange Commission on December 19, 2000
Registration No. 33-21754
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 19 TO
FORM S-6
FOR REGISTRATION UNDER THE SECURITIES ACT
OF 1933 OF SECURITIES OF UNIT INVESTMENT
TRUSTS REGISTERED ON FORM N-8B-2
PACIFIC SELECT EXEC SEPARATE ACCOUNT OF
PACIFIC LIFE INSURANCE COMPANY
(Exact Name of Registrant)
PACIFIC LIFE INSURANCE COMPANY*
(Name of Depositor)
700 Newport Center Drive
P.O. Box 9000
Newport Beach, California 92660
(Address of Depositor's Principal Executive Office)
(949) 219-3743
(Depositor's Telephone Number, including Area Code)
Diane N. Ledger
Vice President
Pacific Life Insurance Company
700 Newport Center Drive
P.O. Box 9000
Newport Beach, California 92660
(Name and Address of Agent for Service of Process)
Copies to:
Jeffrey S. Puretz, Esq.
Dechert Price & Rhoads
1775 Eye Street, N.W.
Washington, D.C. 20006-2401
It is proposed that this filing will become effective on January 2, 2001
pursuant to paragraph (b) of Rule 485.
Title of securities being registered: interests in the Separate Account under
flexible premium variable life insurance policies.
Filing fee: None
<PAGE>
Pacific Select Exec Separate Account of Pacific
Life Insurance Company
CROSS-REFERENCE SHEET
Pursuant to Rule 404(c) of Regulation C under the Securities Act of 1933
(Form N-8B-2 Items required by Instruction as to the Prospectus in Form S-6)
<TABLE>
<CAPTION>
Form N-8B-2 Form S-6
Item Number Heading in Prospectus
<S> <C>
1. (a) Name of trust............................... Prospectus front cover
(b) Title of securities issued.................. Prospectus front cover
2. Name and address of each depositor............... Prospectus front cover; Back Cover
3. Name and address of trustee...................... N/A
4. Name and address of each principal underwriter... About Pacific Life
5. State of organization of trust................... Pacific Select Exec Separate
Account
6. Execution and termination of trust agreement..... Pacific Select Exec Separate
Account
7. Changes of name.................................. N/A
8. Fiscal year...................................... N/A
9. Material Litigation.............................. N/A
II. General Description of the Trust and Securities of the Trust
10. (a) Registered or bearer securities............. Pacific Select Exec basics; The death benefit
(b) Cumulative or distributive
</TABLE>
<PAGE>
<TABLE>
<S> <C>
securities................................ Pacific Select Exec basics; The death benefit
(c) Withdrawal or redemption......... Withdrawals, surrenders and loans
(d) Conversion, transfer, etc........ Withdrawals, surrenders and loans
(e) Periodic payment plan............ N/A
(f) Voting rights.................... Voting Rights
(g) Notice to security holders....... Reports we'll send you
(h) Consents required................ Voting Rights
(i) Other provisions................. N/A
11. Type of securities comprising
units................................. Pacific Select Exec basics
12. Certain information regarding
periodic payment plan certificates.... N/A
13. (a) Load, fees, expenses, etc......... Deductions from your premiums; Surrendering your policy
(b) Certain information regarding
periodic payment plan certificates.... N/A
(c) Certain percentages................... Deductions from your premiums; Surrendering your policy
(d) Difference in price................... N/A
(e) Certain other fees, etc............... Deductions from your premiums; Surrendering your policy
(f) Certain other profits or
benefits.............................. The death benefit; Your policy's accumulated value
(g) Ratio of annual charges to
income................................ N/A
14. Issuance of trust's securities........ Pacific Select Exec basics
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
15. Receipt and handling of payments
From purchasers..................... How premiums work
16. Acquisition and disposition of Your policy's accumulated
underlying securities............... value: Your investment
options
17. Withdrawal or redemption............ Withdrawals, surrenders
and loans
18. (a) Receipt, custody and disposition
of income....................... Your policy's accumulated
value
(b) Reinvestment of distributions... N/A
(c) Reserves or special funds....... N/A
(d) Schedule of distributions....... N/A
19. Records, accounts and reports....... Statements and
Reports
20. Certain miscellaneous provisions
of trust agreement:
(a) Amendment....................... N/A
(b) Termination..................... N/A
(c) and (d) Trustees, removal and
successor....................... N/A
(e) and (f) Depositors, removal
and successor................... N/A
21. Loans to security holders........... Withdrawals,
surrenders and loans
22. Limitations on liability............ N/A
23. Bonding arrangements................ N/A
24. Other material provisions of
trust agreement..................... N/A
</TABLE>
<PAGE>
<TABLE>
<S> <C>
III. Organizations, Personnel and Affiliated Persons of Depositor
25. Organization of depositor...................................................... About Pacific Life
26. Fees received by depositor..................................................... See Items 13(a) and 13(e)
27. Business of depositor.......................................................... About Pacific Life
28. Certain information as to officials and affiliated persons of depositor........ About Pacific Life
29. Voting securities of depositor................................................. N/A
30. Persons controlling depositor.................................................. N/A
31. Payments by depositor for certain services rendered to trust................... N/A
32. Payments by depositor for certain other services rendered to trust............. N/A
33. Remuneration of employees of depositor for certain services rendered to trust.. N/A
34. Remuneration of other persons for certain services rendered to trust........... N/A
IV. Distribution and Redemption of Securities
35. Distribution of trust's securities by states................................... N/A
36. Suspension of sales of trust's securities...................................... N/A
37. Revocation of authority to distribute.......................................... N/A
</TABLE>
<PAGE>
<TABLE>
<S> <C>
38. (a) Method of distribution.......................................... How policies are distributed
(b) Underwriting agreements......................................... How policies are distributed
(c) Selling agreements.............................................. How policies are distributed
39. (a) Organization of principal underwriters.......................... How policies are distributed
(b) N.A.S.D. membership of principal underwriters................... How policies are distributed
40. Certain fees received by principal underwriters...................... How policies are distributed
41. (a) Business of each principal underwriter.......................... How policies are distributed
(b) Branch offices of each principal underwriter.................... N/A
(c) Salesmen of each principal underwriter.......................... N/A
42. Ownership of trust's securities by certain persons................... N/A
43. Certain brokerage commissions received by principal underwriters..... N/A
44. (a) Method of valuation............................................. Your policy's accumulated value
(b) Schedule as to offering price................................... How premiums work
(c) Variation in offering price to certain persons.................. Monthly deductions
45. Suspension of redemption rights...................................... Timing of payments, forms, and requests
</TABLE>
<PAGE>
<TABLE>
<S> <C>
46. (a) Redemption valuation................................................... Withdrawals, surrenders and loans
(b) Schedule as to redemption price........................................ Withdrawals, surrenders and loans
47. Maintenance of position in underlying securities............................ Your investment options
V. Information Concerning the Trustee or Custodian
48. Organization and regulation of trustee...................................... N/A
49. Fees and expenses of trustees............................................... N/A
50. Trustee's lien.............................................................. N/A
VI. Information Concerning Insurance of Holders of Securities
51. Insurance of holders of trust's securities.................................. The death benefit
VII. Policy of Registrant
52. (a) Provisions of trust agreement with respect to selection
or elimination of under lying securities............................... How our accounts work
(b) Transactions involving elimination of underlying securities............ How our accounts work
(c) Policy regarding substitution or elimination of underlying securities.. How our accounts work
(d) Fundamental policy not otherwise covered............................... N/A
53. Tax status of trust......................................................... Variable life insurance and your taxes
VIII. Financial and Statistical Information
</TABLE>
<PAGE>
<TABLE>
<S> <C>
54. Trust's securities during last ten years.......... N/A
55. N/A
56. Certain information regarding periodic payment
plan certificates................................. N/A
57. N/A
58. N/A
59. Financial statements (Instruction 1(c) of
"Instructions as to the Prospectus" of Form S-6).. Financial Statements
</TABLE>
<PAGE>
PROSPECTUS
(Included in Post-Effective Amendment No. 16 to the Registrant's Registration
Statement on Form S-6, Accession No. 0001017062-00-000981, as filed on April 26,
2000, and incorporated by reference herein; Form Type 497, Accession No.
0001017062-00-001396 as filed on June 15, 2000, and incorporated by reference
herein; Form Type 497, Accession No. 0001017062-00-002094 as filed on October 2,
2000, and incorporated by reference herein.)
<PAGE>
Supplement to Prospectus Dated May 1, 2000 for Pacific Select Exec
Flexible Premium Variable Insurance Policy (the "policy")
Issued by Pacific Life Insurance Company
This supplement changes the prospectus to reflect the
following and restates information contained in a
supplement dated October 2, 2000:
---------------------------------------------------------
Eleven new variable The following new investment options are added to the
investment options chart on page 1 of the prospectus:
are available
.Blue Chip .Strategic Value
.Aggressive Growth .Focused 30
.Financial Services.Capital Opportunities
.Health Sciences .Mid-Cap Growth
.Technology .Global Growth
.Telecommunications
---------------------------------------------------------
The Bond and Income The Bond and Income variable account terminated on
investment option September 22, 2000.
is no longer
available All references to the Bond and Income variable account,
investment option or portfolio are removed. References
to the 21 variable investment options throughout the
prospectus are changed to refer to 31 variable
investment options.
Unless you instruct us otherwise, to the extent any
outstanding instruction you have on file with us
designates the Bond and Income investment option, the
instruction will be deemed an instruction for the
Managed Bond investment option. This includes, but is
not limited to, instructions for net premium
allocations, transfer instructions (including
instructions under any automatic transfer, portfolio
rebalancing and dollar cost averaging programs), and
partial withdrawal and monthly deduction instructions.
---------------------------------------------------------
The International Effective January 1, 2001 Lazard Asset Management is
Value Portfolio has the portfolio manager of the International Value
a new portfolio portfolio.
manager
---------------------------------------------------------
A portfolio manager Mercury Asset Management US has changed its name to
has changed its Mercury Advisors.
name
Supplement dated January 2, 2001
<PAGE>
---------------------------------------------------------
An overview of Other expenses
Pacific Select
Exec: Fees and The table also shows the advisory fee and fund expenses
expenses paid by as an annual percentage of each portfolio's average
the Pacific Select daily net assets for the year 2000, adjusted to reflect
Fund: Other reduced custody fees. To help limit fund expenses,
expenses is effective July 1, 2000 we contractually agreed to waive
replaced all or part of our investment advisory fees or
otherwise reimburse each portfolio for operating
expenses (including organizational expenses, but not
including advisory fees, additional costs associated
with foreign investing and extraordinary expenses) that
exceed an annual rate of 0.10% of its average daily net
assets. Such waiver or reimbursement is subject to
repayment to us to the extent such expenses fall below
the 0.10% expense cap. For each portfolio, our right to
repayment is limited to amounts waived and/or
reimbursed that exceed the new 0.10% expense cap and,
except for portfolios that started on or after October
2, 2000, that do not exceed the previously established
0.25% expense cap. Any amounts repaid to us will have
the effect of increasing such expenses of the
portfolio, but not above the 0.10% expense cap. There
is no guarantee that we will continue to cap expenses
after December 31, 2001. In 2000, Pacific Life
reimbursed approximately $19,662 to the I-Net
Tollkeeper Portfolio, $12,631 to the Strategic Value
Portfolio, $4,849 to the Focused 30 Portfolio and
$15,042 to the Small-Cap Index Portfolio.
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------
Less
Advisory Other 12b-1 Total adviser's Total net
Portfolio fee expenses amounts+ expenses+ reimbursement expenses
--------------------------------------------------------------------------------------------
As an annual % of average daily net assets
<S> <C> <C> <C> <C> <C> <C>
Blue Chip/1/ 0.95 0.06 -- 1.01 -- 1.01
Aggressive Growth/1/ 1.00 0.06 -- 1.06 -- 1.06
Aggressive Equity/2/ 0.80 0.04 0.02 0.86 -- 0.86
Emerging Markets/2/ 1.10 0.20 -- 1.30 -- 1.30
Diversified Research/2/ 0.90 0.08 0.01 0.99 -- 0.99
Small-Cap Equity/2/ 0.65 0.05 -- 0.70 -- 0.70
International Large-Cap/2/ 1.05 0.13 -- 1.18 -- 1.18
Equity 0.65 0.04 -- 0.69 -- 0.69
I-Net Tollkeeper/2/ 1.50 0.13 -- 1.63 (0.02) 1.61
Financial Services/1/ 1.10 0.15 -- 1.25 (0.05) 1.20
Health Sciences/1/ 1.10 0.11 -- 1.21 (0.01) 1.20
Technology/1/ 1.10 0.08 -- 1.18 -- 1.18
Telecommunications/1/ 1.10 0.08 -- 1.18 -- 1.18
Multi-Strategy 0.65 0.04 -- 0.69 -- 0.69
Equity Income/2/ 0.65 0.04 0.01 0.70 -- 0.70
Strategic Value 0.95 0.51 -- 1.46 (0.41) 1.05
Growth LT 0.75 0.04 -- 0.79 -- 0.79
Focused 30 0.95 0.43 -- 1.38 (0.33) 1.05
Mid-Cap Value/2/ 0.85 0.04 0.12 1.01 -- 1.01
International Value 0.85 0.11 -- 0.96 -- 0.96
Capital Opportunities/1/ 0.80 0.06 -- 0.86 -- 0.86
Mid-Cap Growth/1/ 0.90 0.06 -- 0.96 -- 0.96
Global Growth/1/ 1.10 0.19 -- 1.29 -- 1.29
Equity Index 0.25 0.04 -- 0.29 -- 0.29
Small-Cap Index/2/ 0.50 0.13 -- 0.63 (0.02) 0.61
REIT 1.10 0.05 -- 1.15 -- 1.15
Government Securities/2/ 0.60 0.05 -- 0.65 -- 0.65
Managed Bond/2/ 0.60 0.05 -- 0.65 -- 0.65
Money Market 0.34 0.04 -- 0.38 -- 0.38
High Yield Bond 0.60 0.04 -- 0.64 -- 0.64
Large-Cap Value/2/ 0.85 0.05 0.06 0.96 -- 0.96
--------------------------------------------------------------------------------------------
</TABLE>
/1/ Expenses are estimated. There were no actual
advisory fees or expenses for these portfolios in
2000 because the portfolios started after December
31, 2000.
/2/ Total adjusted net expenses for these portfolios,
after deduction of an offset for custodian credits
and the 12b-1 recapture were: 0.84% for Aggressive
Equity Portfolio, 1.29% for Emerging Markets
Portfolio, 0.98% for Diversified Research
Portfolio, 0.69% for Small-Cap Equity Portfolio,
1.17% for International Large-Cap Portfolio, 1.60%
for I-Net Tollkeeper Portfolio, 0.69% for Equity
Income Portfolio, 0.89% for Mid-Cap Value
Portfolio, 0.60% for Small-Cap Index Portfolio,
0.62% for Government Securities Portfolio, 0.64%
for Managed Bond Portfolio, and 0.90% for Large-Cap
Value Portfolio.
+ The fund has a brokerage enhancement 12b-1 plan,
under which brokerage transactions, subject to best
price and execution, may be placed with certain
broker-dealers in return for credits, cash or other
compensation ("recaptured commissions"). While a
portfolio pays the cost of brokerage when it buys
or sells a portfolio security, there are no fees or
charges to the fund under the plan. Recaptured
commissions may be used to promote and market fund
shares. Since the distributor may defray expenses
for distribution that it might otherwise incur, the
SEC staff requires that the amount of recaptured
commissions be shown as an expense in the chart
above.
2
<PAGE>
---------------------------------------------------------
Your investment The chart in Your investment options: Variable
options is amended investment options is amended to add the following:
<TABLE>
<CAPTION>
THE PORTFOLIO'S THE PORTFOLIO'S PORTFOLIO
PORTFOLIO INVESTMENT GOAL MAIN INVESTMENTS MANAGER
<S> <C> <C> <C>
Blue Chip Long-term growth of Equity securities of "blue chip" A I M
capital. Current companies--typically large companies
income is of that are well established in their
secondary importance. respective industries.
Aggressive Growth Long-term growth of Equity securities of small- and A I M
capital. medium-sized growth companies.
Financial Services Long-term growth of Equity securities in the financial INVESCO
capital. services sector. Such companies
include banks, insurance companies,
brokerage firms and other finance-
related firms.
Health Sciences Long-term growth of Equity securities in the health INVESCO
capital. sciences sector. Such companies
include medical equipment or
supplies, pharmaceuticals, health
care facilities and other health
sciences-related firms.
Technology Long-term growth of Equity securities in the technology INVESCO
capital. sector. Such companies include
biotechnology, communications,
computers, electronics, Internet
telecommunications, networking,
robotics, video and other
technology-related firms.
Telecommunications High total return. Equity securities in the INVESCO
telecommunications sector. Such as
companies that offer telephone
service, wireless communications,
satellite communications, television
and movie programming, broadcasting
and Internet access.
Strategic Value Long-term growth of Equity securities with the potential Janus Capital
capital. for long-term growth of capital. Corporation
Focused 30 Long-term growth of Equity securities selected for their Janus Capital
capital. growth potential. Corporation
Capital Long-term growth of Equity securities with the potential MFS
Opportunities capital. for long-term growth of capital.
Mid-Cap Growth Long-term growth of Equity securities of medium-sized MFS
capital. companies believed to have above-
average growth potential.
Global Growth Capital appreciation. Equity securities of any size MFS
located within and outside of the
U.S.
</TABLE>
3
<PAGE>
---------------------------------------------------------
Telephone You may enroll in or give instructions regarding the
transactions is dollar cost averaging or portfolio rebalancing program
changed to by telephone if we have your completed telephone
Telephone and authorization on file.
electronic
transactions In early 2001, certain registered representatives will
be able to give us instructions electronically if
We expect to make authorized by you. You may appoint your registered
the electronic representative to give us instructions on your behalf
transaction feature by completing and filing an updated telephone and
available in early electronic authorization with us.
2001. Please ask
your registered Transactions made electronically will be subject to the
representative for same procedures, restrictions and risks as those made
more information. by telephone. Sometimes your electronic transactions
will not be able to reach us. For example, our website
may be busy because of unusual market activity or a
significant economic or market change, or telephone
lines or the Internet are out of service due to severe
weather conditions or other emergencies.
---------------------------------------------------------
Making withdrawals The last paragraph is replaced with:
is revised
We may limit the amount of a withdrawal so that the
withdrawal will not cause your face amount to be less
than $50,000.
---------------------------------------------------------
Taking out a loan The second and third bullet paragraphs are replaced
is revised with:
. Interest owing on the amount you've borrowed accrues
at an annual rate of 4.75% during the first 10 policy
years and 4.25% thereafter. Interest that has accrued
during the policy year is due on your policy
anniversary. If you do not pay the interest when it's
due, we'll add it to the amount of your loan and
begin accruing interest on it from the day it was
due. We'll also transfer an amount equal to the
interest that was due, from your policy's accumulated
value to the loan account. We'll transfer this amount
from your investment options in proportion to the
accumulated value you have in each option, unless you
tell us otherwise.
. The amount in the loan account earns interest daily
at an annual rate of 4.0%. On your policy
anniversary, we transfer the interest that's been
credited to the loan account proportionately to your
investment options according to your most recent
allocation instructions.
How much you can borrow is revised to read:
The minimum amount you can borrow is $500, unless there
are other restrictions in your state. You can borrow up
to the larger of the following amounts:
. 90% of the accumulated value in the investment
options, less any surrender charges that would apply
if you surrendered your policy on the day you took
out the loan
. the result of a X (b / c) -d, where:
a = the accumulated value of your policy less any
surrender charges that would have applied if you
surrendered your policy on the day you took out
the loan, and less 12 times the most recent
monthly charge
b = 1.04
c = 1.0475 during the first 10 policy years, and
1.0425 during policy year 11 and thereafter
d = any outstanding loan amount.
4
<PAGE>
PACIFIC SELECT EXEC SEPARATE ACCOUNT
PART II. ADDITIONAL INFORMATION NOT REQUIRED IN PROSPECTUS
Contents of Registration Statement
This Registration Statement on Form S-6 comprises the following papers and
documents:
The facing sheet.
The cross-reference sheet.
The Prospectus consisting of 105 pages.
Supplement dated May 1, 2000 to Prospectus dated May 1, 2000 consisting of 3
pages.
Supplement dated June 14, 2000 to Prospectus dated May 1, 2000 consisting of 1
page.
Supplement dated August 28, 2000 to Prospectus dated May 1, 2000 consisting of 2
pages.
Supplement dated October 2, 2000 to Prospectus dated May 1, 2000 consisting of
3 pages.
The undertaking to file reports.
Representation pursuant to Section 26(e) of the Investment Company Act of 1940
The Signatures.
Written consent of the following person (included in the exhibits shown below):
Deloitte & Touche LLP, Independent Auditors
Dechert Price & Rhoads, Outside Counsel
The following exhibits:
1. (1) (a) Resolution of the Board of Directors of the Depositor dated
November 22, 1989 and copies of the Memoranda concerning Pacific
Select Exec Separate Account dated May 12, 1988 and January 26,
1993./1/
(b) Resolution of the Board of Directors of Pacific Life Insurance
Company authorizing conformity to the terms of the current
Bylaws./2/
(2) Inapplicable
(3) (a) Distribution Agreement Between Pacific Mutual Life Insurance
Company and Pacific Equities Network/1/
(b) Form of Selling Agreement Between Pacific Equities Network and
Various Broker-Dealers/1/
(4) Inapplicable
(5) (a) Flexible Premium Variable Life Insurance Policy and various
riders/1/
(b) Endorsement Amending Suicide Exclusion Provision/1/
(c) Added Protection Benefit Rider/1/
(d) Accelerated Living Benefit Rider/1/
(6) (a) Bylaws of Pacific Life Insurance Company/2/
(b) Articles of Incorporation of Pacific Life Insurance
Company/2/
<PAGE>
(7) Inapplicable
(8) Inapplicable
(9)(a) Participation Agreement between Pacific Mutual Life Insurance
Company and Pacific Select Fund/3/
(b) M Fund Inc. Participation Agreement with Pacific Mutual Life
Insurance Company/3/
(10) Application for Flexible Premium Variable Life Insurance Policy &
General Questionnaire/1/
2. Form of Opinion and consent of legal officer of Pacific Mutual as to
legality of Policies being registered/1/ (Incorporated by reference to
Exhibit No. 3 filed in Registrant's Post Effective Amendment No. 11 to the
Registration Statement on Form S-6 filed via EDGAR on March 25, 1996, File
No. 33-21754, Accession Number 000089430-96-000968.)
3. Inapplicable
4. Inapplicable
5. Inapplicable
6. (a) Consent of Deloitte & Touche LLP/4/
(b) Consent of Dechert Price & Rhoads/1/
7. (a) Opinion of Actuary
(b) Form of Illustration of Policy Benefits
8. Memorandum Describing Issuance, Transfer and Redemption Procedures/1/
9. Power of Attorney/3/
10. Inapplicable
11. Inapplicable
12. Inapplicable
13. Inapplicable
14. Inapplicable
15. Inapplicable
16. Inapplicable
17. Inapplicable
/1/ Filed as part of Post-Effective Amendment No. 11 to the Registration
Statement on Form S-6 filed via EDGAR on March 25, 1996, File No. 33-21754
Accession Number 000089430-96-000968.
/2/ Filed as part of Post-Effective Amendment No. 13 to the Registration
Statement on Form S-6 filed via EDGAR on April 24, 1998, File No. 33-21754,
Accession Number 0001017062-98-000893.
/3/ Filed as part of Post-Effective Amendment No. 15 to the Registration
Statement on Form S-6 filed via EDGAR on March 1, 2000, File No. 33-21754,
Accession Number 0001017062-00-000593.
/4/ Filed as part of Post-Effective Amendment No. 16 to the Registration
Statement on Form S-6 filed via EDGAR on April 26, 2000, File No. 33-21754,
Accession Number 0001017062-00-000981.
<PAGE>
UNDERTAKING TO FILE REPORTS
Subject to the terms and conditions of Section 15(d) of the Securities
Exchange Act of 1934, the undersigned Registrant hereby undertakes to file with
the Securities and Exchange Commission such supplementary and periodic
information, documents and reports as may be prescribed by any rule or
regulation of the Commission heretofore or hereafter duly adopted pursuant to
authority conferred in that section.
REPRESENTATION PURSUANT TO SECTION 26(e) OF THE INVESTMENT COMPANY ACT OF 1940
Pacific Life Insurance Company and Registrant represent that the fees and
charges to be deducted under the Variable Life Insurance Policy ("Policy")
described in the prospectus contained in this registration statement are, in the
aggregate, reasonable in relation to the services rendered, the expenses to be
incurred, and the risks assumed in connection with the Policy.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant,
Pacific Select Exec Separate Account of Pacific Life Insurance Company,
certifies that it meets the requirements of Securities Act Rule 485 (b) for
effectiveness and has caused this Post-Effective Amendment No. 19 to the
Registration Statement on Form S-6 to be signed on its behalf by the undersigned
thereunto duly authorized in the City of Newport Beach, and State of California,
on this 19th day of December, 2000.
PACIFIC SELECT EXEC SEPARATE ACCOUNT
(Registrant)
BY: PACIFIC LIFE INSURANCE COMPANY
(Depositor)
BY: _______________________________
Thomas C. Sutton*
Chief Executive Officer
*BY: /s/DAVID R. CARMICHAEL
David R. Carmichael
as attorney-in-fact
(Power of Attorney is contained as Exhibit 9 in Post-Effective Amendment No. 15
to the Registration Statement on Form S-6 for the Pacific Select Exec Separate
Account filed via EDGAR on March 1, 2000, File No. 33-21754, Accession No.
0001017062-00-000593, and incorporated by reference herein.)
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Pacific Life
Insurance Company certifies that it meets all of the requirements for
effectiveness pursuant to Rule 485 (b) under the Securities Act of 1933 and has
duly caused this Post-Effective Amendment No. 19 to the Registration Statement
to be signed on its behalf by the undersigned thereunto duly authorized all in
the City of Newport Beach, and State of California, on this 19th day of
December, 2000.
BY: PACIFIC LIFE INSURANCE COMPANY
(Registrant)
BY: _______________________________
Thomas C. Sutton*
Chief Executive Officer
*BY: /s/DAVID R. CARMICHAEL
David R. Carmichael
as attorney-in-fact
(Power of Attorney is contained as Exhibit 9 in Post-Effective Amendment No. 15
to the Registration Statement on Form S-6 for the Pacific Select Exec Separate
Account filed via EDGAR on March 1, 2000, File No. 33-21754, Accession No.
0001017062-00-000593, and incorporated by reference herein.)
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective
Amendment No. 19 to the Registration Statement has been signed below by the
following persons in the capacities and on the dates indicated:
<TABLE>
<CAPTION>
Signature Title Date
<C> <S> <C>
____________________ Director, Chairman of the Board _______, 2000
Thomas C. Sutton* and Chief Executive Officer
____________________ Director and President _______, 2000
Glenn S. Schafer*
____________________ Director, Senior Vice President and _______, 2000
Khanh T. Tran* Chief Financial Officer
____________________ Director, Senior Vice President and _______, 2000
David R. Carmichael* General Counsel
____________________ Director, Vice President and _______, 2000
Audrey L. Milfs* Corporate Secretary
____________________ Vice President and Controller _______, 2000
Edward R. Byrd*
____________________ Vice President and Treasurer _______, 2000
Brian D. Klemens*
____________________ Executive Vice President _______, 2000
Lynn C. Miller
*BY: /s/ DAVID R. CARMICHAEL December 19, 2000
David R. Carmichael
as attorney-in-fact
</TABLE>
(Powers of Attorney are contained as Exhibit 9 in Post-Effective Amendment No.
15 to the Registration Statement on Form S-6 of Pacific Select Exec Separate
Account filed via EDGAR on March 1, 2000, File No. 33-21754, Accession No.
0001017062-00-000593, and incorporated by reference herein.)
