As filed with the Securities and Exchange Commission on October 3, 2000
File Nos. 033-54116
811-05649
Securities and Exchange Commission
Washington, D.C. 20549
Form N-4
Registration Statement under the Securities Act of 1933
Post-effective Amendment No. 12 /X/
and/or
Registration Statement under the Investment Company Act of 1940
Post-effective Amendment No. 25 /X/
Intramerica Variable Annuity Account
(Exact Name of Registrant)
Intramerica Life Insurance Company
(Name of Depositor)
P.O. Box 9095
One Allstate Drive
Farmingville, New York 11738-9075
516/451-5300
(Address and Telephone Number of Depositor's Principal Offices)
Michael J. Velotta
Vice President, Secretary and General Counsel
Allstate Life Insurance Company of New York
3100 Sanders Road
Northbrook, Illinois 60062
847/402-2400
(Name, Complete Address and Telephone Number of Agent for Service)
Copies to:
Richard T. Choi, Esquire Terry R. Young, Esquire
Freedman, Levy, Kroll & Simonds ALFS, Inc.
1050 Connecticut Avenue, N.W. 3100 Sanders Road
Suite 825 Suite J5B
Washington, D.C. 20036-5366 Northbrook, Illinois 60062
Approximate date of proposed public offering: Continuous
IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE
(CHECK APPROPRIATE BOX)
/X / immediately upon filing pursuant to paragraph (b) of Rule 485
/ / on (date) pursuant to paragraph (b) of Rule 485
/ / 60 days after filing pursuant to paragraph (a)(1) of Rule 485
/ / on (date) pursuant to paragraph (a)(i) 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.
Title of Securities Being Registered: Units of interest in the Intramerica
Variable Annuity Account under deferred variable annuity contracts.
<PAGE>
Suuplement to Statement of Additional Information
for the
Scudder Horizon Plan
A Flexible Premium Deferred Variable Annuity
Issued through
Intramerica Variable Annuity Account
Offered by
Intramerica Life Insurance Company
Customer Service Center
P.O. Box. 94038
Palatine, IL 60094-4038
1-800-833-0194
This Statement of Additional Information expands upon subjects discussed in the
current prospectus for the Scudder Horizon Plan, a flexible premium deferred
variable annuity (the "Contract") offered by Intramerica Life Insurance Company.
You may obtain a copy of the prospectus dated May 1, 2000, by calling
1-800-225-2470 or writing to:
Scudder Insurance Agency of New York, Inc.,
345 Park Avenue,
New York, New York 10154.
Terms used in the current prospectus for the Contract are incorporated in this
Statement of Additional Information.
This Statement of Additional Information is not a prospectus and should be read
only in conjunction with the prospectus for the Contract.
Dated October 3, 2000
INDEPENDENT AUDITORS' REPORT of Deloitte & Touche LLP for Intramerica Life
Insurance Company: Please replace the Independent Auditors' Report with the
following:
INDEPENDENT AUDITORS' REPORT
TO THE BOARD OF DIRECTORS AND SHAREHOLDER OF
INTRAMERICA LIFE INSURANCE COMPANY:
We have audited the accompanying Statement of Financial Position of Intramerica
Life Insurance Company (the "Company," an affiliate of The Allstate Corporation)
as of December 31, 1999 and the related Statements of Operations and
Comprehensive Income, Shareholder's Equity, and Cash Flows for the period from
January 1, 1999 through June 30, 1999 (Predecessor Period), and for the period
from July 1, 1999 through December 31, 1999 (Successor Period). Our audit also
included Schedule IV - Reinsurance for the period from January 1, 1999 through
June 30, 1999 (Predecessor Period), and for the period from July 1, 1999 through
December 31, 1999 (Successor Period). These financial statements and financial
statement schedule are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements and
financial statement schedule based on our audit.
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.
In our opinion, such financial statements present fairly, in all material
respects, the financial position of the Company as of December 31, 1999 and the
results of its operations and its cash flows for the period from January 1, 1999
through June 30, 1999 (Predecessor Period) and for the period from July 1, 1999
through December 31, 1999 (Successor Period), in conformity with generally
accepted accounting principles. Also, in our opinion, Schedule IV - Reinsurance
for the period from January 1, 1999 through June 30, 1999 (Predecessor Period),
and for the period from July 1, 1999 through December 31, 1999 (Successor
Period), when considered in relation to the basic financial statements taken as
a whole, present fairly, in all material respects, the information set forth
therein.
As more fully described in Note 2 to the financial statements, The Allstate
Corporation acquired the Company as of July 1, 1999, in a business combination
accounted for as a purchase. As a result of the acquisition, the financial
statements for the Successor Periods are presented on a different basis of
accounting than that of the Predecessor Periods and therefore are not completely
comparable.
/s/ Deloitte & Touche LLP
Chicago, Illinois
February 25, 2000
<PAGE>
INDEPENDENT AUDITORS' REPORT OF Deloitte & Touche LLP for Intramerica Variable
Annuity Account: Please replace the Independent Auditors' Report with the
following:
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Shareholder of
Intramerica Life Insurance Company:
We have audited the accompanying statement of net assets of Intramerica Variable
Annuity Account as of December 31, 1999 (including the assets of each of the
individual sub-accounts which comprise the Account as disclosed in Note 1), and
the related statements of operations and changes in net assets for the year then
ended for each of the individual sub-accounts which comprise the Account. These
financial statements are the responsibility of management. Our responsibility is
to express an opinion on these financial statements based on our audit.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. Our procedures included
confirmation of securities owned at December 31, 1999 by correspondence with the
account custodians. An audit also includes assessing the accounting principles
used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, such financial statements present fairly, in all material
respects, the financial position of Intramerica Variable Annuity Account as of
December 31, 1999 (including the assets of each of the individual sub-accounts
which comprise the Account), and the results of operations for each of the
individual sub-accounts and the changes in their net assets for the period then
ended in conformity with generally accepted accounting principles.
/s/ Deloitte & Touche LLP
Chicago, Illinois
March 27, 2000
