AUSA LIFE INSURANCE CO INC SEPARATE ACCOUNT B
485BPOS, 1999-04-22
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<PAGE>
 
       AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 22, 1999

                                                      REGISTRATION NO. 333-65151
                                                                      & 811-6298

                       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. 4      (X)

                                       and
       REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940    ( )
                              Amendment No. 18             (X)


                        AUSA LIFE INSURANCE COMPANY, INC.
                               SEPARATE ACCOUNT B
                           (Exact Name of Registrant)

                        AUSA Life Insurance Company, Inc.
          (Formerly First Providian Life and Health Insurance Company)
                               (Name of Depositor)

                                666 Fifth Avenue
                            New York, New York 10103
               (Address of Depositor's Principal Executive Office)
                  Depositor's Telephone Number: (212) 246-5234

                         Gregory E. Miller-Breetz, Esq.
                        AUSA Life Insurance Company, Inc.
                             400 West Market Street
                           Louisville, Kentucky 40202
                     (Name and Address of Agent for Service)

                                   Copies to:
                            Michael Berenson, Esquire
               Jorden Burt Boros Cicchetti Berenson & Johnson LLP
                       1025 Thomas Jefferson Street, N.W.
                                 Suite 400 East
                           Washington, D.C. 20007-0805

                  Approximate Date of Proposed Public Offering:
 As soon as practicable after the effective date of this Registration Statement.

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

[_]   Immediately upon filing pursuant to paragraph (b) of Rule 485.
[X]   On April 30, 1999, pursuant to paragraph (b)(1)(iii) of Rule 485.
[_]   60 days after filing pursuant to paragraph (a)(1) of Rule 485.
[_]   On ____________, pursuant to paragraph (a)(1) of Rule 485.

If appropriate, check the following box:

[X]  This post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
<PAGE>


Parts A, B, and C of Registrant's Post-Effective Amendment No. 1, filed on 
December 29, 1998 (File No. 333-65151), are incorporated herein by reference, 
and this Post-Effective Amendment is being filed for the sole purpose of further
delaying the effectiveness of the above-referenced Amendment.

<PAGE>
 
As required by the Securities Act of 1933 and the Investment Act of 1940, the
Registrant has caused this Registration Statement to be signed on its behalf, in
the City of Louisville and Commonwealth of Kentucky, on this 22nd day of
April, 1999.



                                          AUSA LIFE INSURANCE COMPANY, INC.
                                             SEPARATE ACCOUNT B (REGISTRANT)

                                          AUSA LIFE INSURANCE COMPANY, INC.
                                          (DEPOSITOR)


                                          -----------------------------------
                                          Tom A. Schlossberg, President


                                          By:  /s/ Gregory E. Miller-Breetz
                                             --------------------------------
                                                   Gregory E. Miller-Breetz
                                                   Attorney-In-Fact
<PAGE>
 
As required by the Securities Act of 1933, this Registration Statement as been
signed by the following persons in the capacities and on the duties indicated.


Signature                              Title                   Date
- ---------                              -----                   ----

                                 Director               April 22, 1999      
- -----------------------------                                                  
William Brown, Jr.                                                             
                                                                               
                                 Director               April 22, 1999      
- -----------------------------                                                  
Larry G. Brown                                                                 
                                                                               
                                 Director               April 22, 1999      
- -----------------------------                                                  
Jack R. Dykhouse                                                               
                                                                               
                                 Director               April 22, 1999      
- -----------------------------                                                  
Steven E. Frushtick                                                            
                                                                               
                                 Director               April 22, 1999      
- -----------------------------                                                  
Carl T. Hanson                                                                 
                                                                               
                                 Director               April 22, 1999      
- -----------------------------                                                  
B. Larry Jenkins                                                               
                                                                               
                                 Director               April 22, 1999      
- -----------------------------                                                  
Colette Vargas                                                                 
                                                                               
                                 Director               April 22, 1999      
- -----------------------------                                                  
Vera F. Mihaic                                                                 
                                                                               
                                 Director               April 22, 1999      
- -----------------------------                                                  
Peter P. Post                                                                  
                                                                               
                                 Director (Principal    April 22, 1999      
- -----------------------------      Executive Officer)                          
Tom A. Schlossberg                                                             
                                                                               
                                 Director               April 22, 1999      
- -----------------------------                                                  
Cor H. Verhagen                                                                
                                                                               
                                 Director               April 22, 1999      
- -----------------------------                                                  
E. Kirby Warren                                                                
                                                                               
                                 Treasurer (Chief       April 22, 1999       
- -----------------------------      Accounting Officer)                          
Brenda K. Clancy                   


By: /s/  Gregory E. Miller-Breetz                
   ---------------------------------
         Gregory E. Miller-Breetz
         Attorney-In-Fact


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