<PAGE>
As filed with the Securities and Exchange Commission on October 10, 2000.
File No. 333-34998
811-08580
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. 1 [X]
---
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 25 [X]
---
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SEPARATE ACCOUNT THREE
(Exact Name of Registrant)
HARTFORD LIFE AND ANNUITY 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)
MARIANNE O'DOHERTY
HARTFORD LIFE
P.O. BOX 2999
HARTFORD, CT 06104-2999
(Name and Address of Agent for Service)
Approximate Date of Proposed Public Offering: As soon as practicable after the
effective date of the registration statement.
It is proposed that this filing will become effective:
immediately upon filing pursuant to paragraph (b) of Rule 485
-----
X on November 6, 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) UNDER THE INVESTMENT COMPANY ACT OF 1940, THE
REGISTRANT HAS REGISTERED AN INDEFINITE AMOUNT OF SECURITIES.
<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. 1, by reference to
Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 (File
No. 333-34998), as filed on July 7, 2000 and declared effective on July 17,
2000.
A Supplement to the Prospectus, dated November 6, 2000 is included in Part A
of this Post-Effective Amendment.
<PAGE>
<TABLE>
<S> <C>
HARTFORD SELECT LEADERS
SEPARATE ACCOUNT THREE
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SUPPLEMENT DATED NOVEMBER 6, 2000
TO THE PROSPECTUS DATED JULY 17, 2000 [LOGO]
</TABLE>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
The following Sub-Account is added to the cover page of the prospectus
immediately following Active International Allocation Sub-Account:
- TECHNOLOGY SUB-ACCOUNT which purchases shares of Technology Portfolio of The
Universal Institutional Funds, Inc.
The table of Annual Fund Operating Expenses is replaced with the following:
Annual Fund Operating Expenses
As of the Fund's Year End
(As a percentage of net assets)
<TABLE>
<CAPTION>
TOTAL FUND
OPERATING
OTHER EXPENSES
MANAGEMENT FEES 12B-1 DISTRIBUTION EXPENSES (INCLUDING ANY
(INCLUDING ANY AND/OR SERVICING FEES (INCLUDING ANY WAIVERS AND ANY
WAIVERS) (INCLUDING WAIVERS) REIMBURSEMENTS) REIMBURSEMENTS)
<S> <C> <C> <C> <C>
----------------------------------------------------------------------------------------------------------------------------
MORGAN STANLEY DEAN WITTER SELECT DIMENSIONS
INVESTMENT SERIES:
Money Market Portfolio 0.50% 0.25% 0.04% 0.79%
----------------------------------------------------------------------------------------------------------------------------
Diversified Income Portfolio 0.40% 0.25% 0.08% 0.73%
----------------------------------------------------------------------------------------------------------------------------
Balanced Growth Portfolio 0.60% 0.25% 0.04% 0.89%
----------------------------------------------------------------------------------------------------------------------------
Utilities Portfolio 0.65% 0.25% 0.05% 0.95%
----------------------------------------------------------------------------------------------------------------------------
Dividend Growth Portfolio 0.58% 0.25% 0.02% 0.85%
----------------------------------------------------------------------------------------------------------------------------
Value-Added Market Portfolio 0.50% 0.25% 0.05% 0.80%
----------------------------------------------------------------------------------------------------------------------------
Growth Portfolio 0.80% 0.25% 0.10% 1.15%
----------------------------------------------------------------------------------------------------------------------------
American Opportunities Portfolio 0.62% 0.25% 0.04% 0.91%
----------------------------------------------------------------------------------------------------------------------------
Mid-Cap Equity Portfolio (formerly Mid-Cap
Growth) (1) 0.75% 0.25% 0.17% 1.17%
----------------------------------------------------------------------------------------------------------------------------
Global Equity Portfolio 1.00% 0.25% 0.08% 1.33%
----------------------------------------------------------------------------------------------------------------------------
Developing Growth Portfolio 0.50% 0.25% 0.08% 0.83%
----------------------------------------------------------------------------------------------------------------------------
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
High Yield Portfolio (2) 0.50% N/A 0.61% 1.11%
----------------------------------------------------------------------------------------------------------------------------
Mid-Cap Value Portfolio (2) 0.75% N/A 0.62% 1.37%
----------------------------------------------------------------------------------------------------------------------------
Emerging Markets Debt Portfolio (2) 0.80% N/A 0.98% 1.78%
----------------------------------------------------------------------------------------------------------------------------
Emerging Markets Equity Portfolio (2) 1.25% N/A 1.37% 2.62%
----------------------------------------------------------------------------------------------------------------------------
Fixed Income Portfolio (2) 0.40% N/A 0.56% 0.96%
----------------------------------------------------------------------------------------------------------------------------
Active International Allocation Portfolio (2) 0.80% N/A 1.83% 2.63%
----------------------------------------------------------------------------------------------------------------------------
Technology Portfolio (2) 0.80% N/A 11.77% 12.57%
----------------------------------------------------------------------------------------------------------------------------
VAN KAMPEN LIFE INVESTMENT TRUST:
Strategic Stock Portfolio (3)(12) 0.50% 0.25% 0.41% 1.16%
----------------------------------------------------------------------------------------------------------------------------
Enterprise Portfolio (3)(12) 0.50% 0.25% 0.12% 0.87%
----------------------------------------------------------------------------------------------------------------------------
AMERICAN FUNDS INSURANCE SERIES:
American Funds Global Growth Fund 0.68% 0.25% 0.03% 0.96%
----------------------------------------------------------------------------------------------------------------------------
American Funds Global Small Capitalization Fund 0.79% 0.25% 0.03% 1.07%
----------------------------------------------------------------------------------------------------------------------------
American Funds Growth Fund 0.38% 0.25% 0.01% 0.64%
----------------------------------------------------------------------------------------------------------------------------
American Funds Growth-Income Fund 0.34% 0.25% 0.01% 0.60%
----------------------------------------------------------------------------------------------------------------------------
American Funds International Fund 0.55% 0.25% 0.05% 0.85%
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
2 HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
TOTAL FUND
OPERATING
OTHER EXPENSES
MANAGEMENT FEES 12B-1 DISTRIBUTION EXPENSES (INCLUDING ANY
(INCLUDING ANY AND/OR SERVICING FEES (INCLUDING ANY WAIVERS AND ANY
WAIVERS) (INCLUDING WAIVERS) REIMBURSEMENTS) REIMBURSEMENTS)
<S> <C> <C> <C> <C>
----------------------------------------------------------------------------------------------------------------------------
MFS-REGISTERED TRADEMARK- VARIABLE INSURANCE
TRUST:
MFS-Registered Trademark- Capital Opportunities
Series (7)(8) 0.75% N/A 0.16% 0.91%
----------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Emerging Growth
Series (7) 0.75% N/A 0.09% 0.84%
----------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Growth Series (7)(8) 0.75% N/A 0.16% 0.91%
----------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Growth with Income
Series (7) 0.75% N/A 0.13% 0.88%
----------------------------------------------------------------------------------------------------------------------------
MFS-Registered Trademark- Total Return
Series (7) 0.75% N/A 0.15% 0.90%
----------------------------------------------------------------------------------------------------------------------------
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS
TRUST:
Franklin Small Cap Fund -- Class 2 (4)(5) 0.55% 0.25% 0.27% 1.07%
----------------------------------------------------------------------------------------------------------------------------
Franklin Strategic Income Securities Fund (6) 0.43% N/A 0.32% 0.75%
----------------------------------------------------------------------------------------------------------------------------
Mutual Shares Securities Fund -- Class 2 (4)(9) 0.60% 0.25% 0.19% 1.04%
----------------------------------------------------------------------------------------------------------------------------
Templeton Developing Markets Equity Fund --
Class 1 (10) 1.25% N/A 0.31% 1.56%
----------------------------------------------------------------------------------------------------------------------------
Templeton Growth Securities Fund -- Class 2
(4)(11) 0.83% 0.25% 0.05% 1.13%
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) With respect to the Mid-Cap Equity Portfolio, the expense information shown
in the table above has been restated to reflect the current fees. Prior to
December 31, 1999, the investment adviser, Morgan Stanley Dean Witter
Advisors, Inc., assumed all expenses of the Portfolio and waived the
compensation provided for the Portfolio in its management agreement with the
Fund.
(2) With respect to the High Yield, Mid-Cap Value, Emerging Markets Debt,
Emerging Markets Equity, Active International Allocation and Fixed Income
Portfolios, the investment advisers have voluntarily agreed to waive their
investment advisory fees and to reimburse certain expenses of the Portfolios
if such fees would cause their respective "Total Fund Operating Expenses" to
exceed certain limits. The expense ratios for the Active International
Allocation Portfolio and Technology Portfolio are annualized. Including
these reductions, it is estimated that "Management Fees", Other Expenses and
"Total Fund Operating Expenses" for the Portfolios would have been as
follows:
<TABLE>
<CAPTION>
TOTAL FUND
OTHER OPERATING
PORTFOLIO MANAGEMENT FEES EXPENSES EXPENSES
<S> <C> <C> <C>
-----------------------------------------------------------------------
High Yield 0.19% 0.61% 0.80%
-----------------------------------------------------------------------
Mid-Cap Value 0.43% 0.62% 1.05%
-----------------------------------------------------------------------
Emerging Markets Debt 0.45% 0.98% 1.43%
-----------------------------------------------------------------------
Emerging Markets Equity 0.42% 1.37% 1.79%
-----------------------------------------------------------------------
Fixed Income 0.14% 0.56% 0.70%
-----------------------------------------------------------------------
Active International Allocation 0.00% 1.15% 1.15%
-----------------------------------------------------------------------
Technology Portfolio 0.00% 1.15% 1.15%
-----------------------------------------------------------------------
</TABLE>
(3) With respect to the Strategic Stock Portfolio and the Enterprise Portfolio,
the investment adviser, Van Kampen Asset Management, Inc. has voluntarily
agreed to waive its investment advisory fees and to reimburse the Portfolios
if such fees would cause their respective "Total Fund Operating Expenses" to
exceed those set forth in the table above. Including in the aforementioned
reductions, it is estimated that "Management Fees", "Other Expenses" and
"Total Fund Operating Expenses" for the Portfolios would be:
<TABLE>
<CAPTION>
TOTAL FUND
OTHER OPERATING
PORTFOLIO MANAGEMENT FEES EXPENSES EXPENSES
<S> <C> <C> <C>
-----------------------------------------------------------------------
Strategic Stock 0.24% 0.41% 0.65%
-----------------------------------------------------------------------
Enterprise 0.47% 0.13% 0.60%
-----------------------------------------------------------------------
</TABLE>
(4) The Fund's Class 2 distribution plan or "Rule 12b-1 Plan" is described in
the Fund's prospectus. While the maximum amount payable under the Fund's
Class 2 Rule 12b-1 Plan is 0.35% per year of the Fund's average daily net
assets, the Board of Trustees of Franklin Templeton Variable Insurance
Products Trust has set the current rate at 0.25% per year through at least
April 30, 2001.
<PAGE>
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY 3
--------------------------------------------------------------------------------
(5) On February 8, 2000, a merger and reorganization was approved that combined
the assets of the Franklin Small Cap Fund with a similar fund of the
Templeton Variable Products Series Fund, effective May 1, 2000. On
February 8, 2000, fund shareholders approved new management fees, which
apply to the combined fund effective May 1, 2000. The table shows restated
total expenses based on the new fees and assets of the fund as of
December 31, 1999, and not the assets of the combined fund. However, if the
table reflected both the new fees and the combined assets, the fund's
expenses after May 1, 2000 would be estimated as: Management Fees 0.55%,
Distribution and Service Fees 0.25%, Other Expenses 0.27%, and Total Fund
Operating Expenses 1.07%.
(6) The management fees shown are based on the fund's maximum contractual
amount. Other expenses are estimated. The manager and administrator have
agreed in advance to waive or limit their respective fees and the manager to
assume as its own expense certain expenses otherwise payable by the fund so
that total annual fund operating expenses do not exceed 0.75% for the
current fiscal year. After December 31, 2001, the manager and administrator
may end this arrangement at any time. Without this reduction Total Fund
Operating Expenses were:
<TABLE>
<CAPTION>
TOTAL FUND
OTHER OPERATING
MANAGEMENT FEES 12B-1 FEES EXPENSES EXPENSES
<S> <C> <C> <C> <C>
-----------------------------------------------------------------------------------
Franklin Strategic Income
Securities Fund 0.43% N/A 0.52% 0.95%
-----------------------------------------------------------------------------------
</TABLE>
(7) Each Series has an expense offset arrangement which reduces the series'
custodian fee based upon the amount of cash maintained by the series with
its custodian and dividend disbursing agent. Each series may enter into
other such arrangements and directed brokerage arrangements, which would
also have the effect of reducing the series' expenses. After these
reductions, the Total Fund Operating Expenses would be:
<TABLE>
<CAPTION>
TOTAL FUND
OTHER OPERATING
MANAGEMENT FEES 12B-1 FEES EXPENSES EXPENSES
<S> <C> <C> <C> <C>
-----------------------------------------------------------------------------------
MFS-Registered Trademark- Capital
Opportunities Series 0.75% N/A 0.15% 0.90%
-----------------------------------------------------------------------------------
MFS-Registered Trademark- Emerging
Growth Series 0.75% N/A 0.08% 0.83%
-----------------------------------------------------------------------------------
MFS-Registered Trademark- Growth
Series 0.75% N/A 0.15% 0.90%
-----------------------------------------------------------------------------------
MFS-Registered Trademark- Growth
with Income Series 0.75% N/A 0.12% 0.87%
-----------------------------------------------------------------------------------
MFS-Registered Trademark- Total
Return Series 0.75% N/A 0.14% 0.89%
-----------------------------------------------------------------------------------
</TABLE>
(8) MFS has contractually agreed, subject to reimbursement, to bear expenses for
these series such that each such series' "Other Expenses" (after taking into
account the expense offset arrangement described above), do not exceed 0.15%
of the average daily net assets of the series during the current fiscal
year. These contractual fee arrangements will continue until at least
May 1, 2001, unless changed with the consent of the board of trustees which
oversees the series. Without this waiver, "Total Fund Operating Expenses"
would have been:
<TABLE>
<CAPTION>
TOTAL FUND
OTHER OPERATING
MANAGEMENT FEES 12B-1 FEES EXPENSES EXPENSES
<S> <C> <C> <C> <C>
-----------------------------------------------------------------------------------
MFS-Registered Trademark- Capital
Opportunities Series 0.75% N/A 0.27% 1.02%
-----------------------------------------------------------------------------------
MFS-Registered Trademark- Growth
Series 0.75% N/A 0.71 1.46%
-----------------------------------------------------------------------------------
</TABLE>
(9) On February 8, 2000, a merger and reorganization was approved that combined
the assets of the Templeton Variable Products Series Fund, effective May 1,
2000. The table shows total expenses based on the fund's assets as of
December 31, 1999, and not the assets of the combined fund. However, if the
table reflected combined assets, the fund's expenses after May 1, 2000 would
be estimated as: Management Fees 0.60%, Distribution and Service Fees 0.25%,
Other Expenses 0.19%, and Total Fund Operating Expenses 1.04%.
(10) On February 8, 2000, shareholders approved a merger and a reorganization
that combined the Developing Markets Securities Fund with the Templeton
Developing Markets Equity Fund, effective May 1, 2000. The shareholders of
the new fund had approved new management fees, which apply to the combined
fund effective May 1, 2000. The table shows restated total expenses based on
the new fees and the assets of the fund as of December 31, 1999, and not the
assets of the combined fund. However, if the table reflected both the new
fees and the combined assets, the fund's expenses after May 1, 2000 would be
estimated as: Management Fees 1.25%, Other Expenses 0.29%, and Total Fund
Operating Expenses 1.54%.
(11) On February 8, 2000, a merger and a reorganization was approved that
combined the Templeton Growth Securities Fund with a similar fund of
Templeton Variable Products Series Fund, effective May 1, 2000. The table
shows total expenses based on the fund's assets as of December 31, 1999, and
not the assets of the combined fund. However, if the table reflected the
combined assets, the
<PAGE>
4 HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
--------------------------------------------------------------------------------
fund's expenses after May 1, 2000 would be estimated as: Management Fees
0.80%, Distribution and Service Fees 0.25%, Other Expenses 0.05%, and Total
Fund Operating Expenses 1.10%.
(12) Under the Distribution Plan and Service Plan, the Portfolio may spend up to
a total of 0.35% per year of the Portfolio's average daily net assets with
respect to its Class II Shares. Notwithstanding the foregoing, the
Portfolio's Board of Trustees currently limits the aggregate amount payable
under the Distribution Plan and Service Plan to 0.25% per year of the
Portfolio's average daily net assets with respect to Class II Shares.
The following table is added immediately after the Example that assumes the
Optional Death Benefit is NOT selected:
<TABLE>
<CAPTION>
If you Surrender your Contract at the If you annuitize your Contract at the
end of the applicable time period you end of the applicable time period you
would pay the following expenses on would pay the following expenses on
a $1,000 investment, assuming a 5% a $1,000 investment, assuming a 5%
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
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------------
Technology $206 $ 435 N/A N/A $144 $ 394 N/A N/A
--------------------------------------------------------------------------------------------------
<CAPTION>
If you do not Surrender your
Contract, you would pay the
following expenses on a $1,000
investment, assuming a 5% annual
return on assets:
SUB-ACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS
<S> <C> <C> <C> <C>
---------------
Technology $145 $395 N/A N/A
--------------------------------------------------------------
</TABLE>
The following table is added immediately after the Example that assumes the
Optional Death Benefit is selected:
<TABLE>
<CAPTION>
If you Surrender your Contract at the If you annuitize your Contract at the
end of the applicable time period you end of the applicable time period you
would pay the following expenses on would pay the following expenses on
a $1,000 investment, assuming a 5% a $1,000 investment, assuming a 5%
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
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------------------------
Technology $207 $ 439 N/A N/A $146 $ 398 N/A N/A
--------------------------------------------------------------------------------------------------
<CAPTION>
If you do not Surrender your
Contract, you would pay the
following expenses on a $1,000
investment, assuming a 5% annual
return on assets:
SUB-ACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS
<S> <C> <C> <C> <C>
---------------
Technology $146 $398 N/A N/A
-------------------------------------------------------------------------
</TABLE>
Under "The Portfolios" section, the following is added at the end of the
sub-section "The Universal Institutional Funds, Inc.":
TECHNOLOGY PORTFOLIO -- Seeks long-term capital appreciation by investing
primarily in equity securities of companies that the Investment Adviser expects
will benefit from their involvement in technology and technology-related
industries. The Investment Adviser seeks to identify significant long-term
technology trends and invest primarily in companies the Investment Adviser
believes are positioned to benefit materially from these trends.
Under "The Portfolios" section, under sub-section entitled "The Investment
Advisers," the fifth paragraph is deleted and replaced with the following:
In addition to acting as the Sub-Adviser for the Growth Portfolio, MSDW
Investment Management, pursuant to an Investment Advisory Agreement with The
Universal Institutional Funds, Inc., is the investment adviser for the Emerging
Markets Debt Portfolio, Emerging Markets Equity Portfolio, Active International
Allocation Portfolio, and Technology Portfolio. As the investment adviser, MSDW
Investment Management provides investment advice and portfolio management
services for Emerging Markets Debt Portfolio, Emerging Markets Equity Portfolio,
Active International Allocation Portfolio, and Technology Portfolio subject to
the supervision of The Universal Institutional Funds, Inc.'s Board of Directors.
333-34998
HV-2712
<PAGE>
PART C
<PAGE>
OTHER INFORMATION
Item 24. Financial Statements and Exhibits
(a) All financial statements included in Part A and Part B.
(b) (1) Resolution of the Board of Directors of Hartford Life and Annuity
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.(1)
(5) Form of Application.(1)
(6) (a) Certificate of Incorporation of Hartford.(3)
(6) (b) Bylaws of Hartford.(2)
(7) Not applicable.
(8) Participation Agreement.(1)
(9) Opinion and Consent of Lynda Godkin, Senior Vice President,
General Counsel and Corporate Secretary.
(10) Consent of Arthur Andersen LLP, Independent Public Accountants.
--------------------
(1) Incorporated by reference to Post-Effective Amendment No. 2, to the
Registration Statement File No. 33-80732, dated May 1, 1995.
(2) Incorporated by reference to Post-Effective Amendment No. 3, to the
Registration Statement File No. 33-80732, dated May 1, 1996.
(3) Incorporated by reference to Post-Effective Amendment No. 5, to the
Registration Statement File No. 33-80732, dated April 13, 1998.
(4) Incorporated by reference to Post-Effective Amendment No. 9, to the
Registration Statement File No. 33-80732, dated April 13, 2000
<PAGE>
(11) No financial statements are omitted.
(12) Not applicable.
(13) Not applicable
(14) Not applicable
(15) Power of Attorney.
(16) Organizational Chart.
Item 25. Directors and Officers of the Depositor
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
NAME POSITION WITH HARTFORD
---------------------------------------------------------------------------------------------------
<S> <C>
David A. Carlson Vice President
---------------------------------------------------------------------------------------------------
Peter W. Cummins Senior Vice President
---------------------------------------------------------------------------------------------------
Bruce W. Ferris Vice President
---------------------------------------------------------------------------------------------------
Timothy M. Fitch Vice President & Actuary
---------------------------------------------------------------------------------------------------
Mary Jane B. Fortin Vice President & Chief Accounting Officer
---------------------------------------------------------------------------------------------------
David T. Foy Senior Vice President, Chief Financial Officer and
Treasurer, Director*
---------------------------------------------------------------------------------------------------
Lynda Godkin Senior Vice President, General Counsel, and Corporate
Secretary, Director*
---------------------------------------------------------------------------------------------------
Lois W. Grady Senior Vice President
---------------------------------------------------------------------------------------------------
Stephen T. Joyce Senior Vice President
---------------------------------------------------------------------------------------------------
Michael D. Keeler Vice President
---------------------------------------------------------------------------------------------------
Robert A. Kerzner Senior Vice President
---------------------------------------------------------------------------------------------------
Thomas M. Marra President, Director*
---------------------------------------------------------------------------------------------------
Steven L. Matthiesen Vice President
---------------------------------------------------------------------------------------------------
Deanne Osgood Vice President
---------------------------------------------------------------------------------------------------
Craig R. Raymond Senior Vice President and Chief Actuary
---------------------------------------------------------------------------------------------------
Lowndes A. Smith Chief Executive Officer, Director*
---------------------------------------------------------------------------------------------------
David M. Znamierowski Senior Vice President and Chief Investment Officer,
Director*
---------------------------------------------------------------------------------------------------
</TABLE>
Unless otherwise indicated, the principal business address of each of the above
individuals is P.O. Box 2999, Hartford, CT 06104-2999.
<PAGE>
-4-
*Denotes Board of Directors.
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 August 31, 2000, there were 33,658 Contract Owners.
Item 28. Indemnification
Sections 33-770 to 33-778, inclusive, of the Connecticut General Statutes
("CGS") provide that a corporation may provide indemnification of or
advance expenses to a director, officer, employee or agent. Reference is
hereby made to Section 33-771(e) of CGS regarding indemnification of
directors and Section 33-776(d) of CGS regarding indemnification of
officers, employees and agents of Connecticut corporations. These statutes
provide, in general, that Connecticut corporations incorporated prior to
January 1, 1997 shall, except to the extent that their certificate of
incorporation expressly provides otherwise, indemnify their directors,
officers, employees and agents against "liability" (defined as the
obligation to pay a judgment, settlement, penalty, fine, including an
excise tax assessed with respect to an employee benefit plan, or reasonable
expenses incurred with respect to a proceeding) when (1) a determination is
made pursuant to Section 33-775 that the party seeking indemnification has
met the standard of conduct set forth in Section 33-771 or (2) a court has
determined that indemnification is appropriate pursuant to Section 33-774.
Under Section 33-775, the determination of and the authorization for
indemnification are made (a) by the disinterested directors, as defined in
Section 33-770(3); (b) by special counsel; (c) by the shareholders; or (d)
in the case of indemnification of an officer, agent or employee of the
corporation, by the general counsel of the corporation or such other
officer(s) as the board of directors may specify. Also, Section 33-772
provides that a corporation shall indemnify an individual who was wholly
successful on the merits or otherwise against reasonable expenses incurred
by him in connection with a proceeding to which he was a party because he
was a director of the corporation. In the case of a proceeding by or in the
right of the corporation or with respect to conduct for which the director,
officer, agent or employee was adjudged liable on the basis that he
received a financial benefit to which he was not entitled, indemnification
is limited to reasonable expenses incurred in connection with the
proceeding against the corporation to which the individual was named a
party.
Under the Depositor's bylaws, the Depositor must indemnify both directors
and officers of the Depositor for (1) any claims and liabilities to which
they become subject by reason of being or having been directors or officers
of the Depositor
<PAGE>
-5-
and (2) legal and other expenses incurred in defending against such claims,
in each case, to the extent such is consistent with statutory provisions.
Section 33-777 of CGS specifically authorizes a corporation to procure
indemnification insurance on behalf of an individual who was a director,
officer, employer or agent of the corporation. Consistent with the statute,
the directors and officers of the Depositor 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. and its subsidiaries.
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
Hartford Life and Annuity Insurance Company - Separate Account One
Hartford Life and Annuity Insurance Company - Putnam Capital Manager
Trust
<PAGE>
-6-
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
Hartford Life and Annuity Insurance Company - Separate Account Seven
Hart Life Insurance Company - Separate Account One
Hart Life Insurance Company - Separate Account Two
American Maturity Life Insurance Company - Separate Account AMLVA
Servus Life Insurance Company - Separate Account One
Servus Life Insurance Company - Separate Account Two
(b) Directors and Officers of HSD
<TABLE>
<CAPTION>
Positions and Offices
Name With Underwriter
---- ---------------------
<S> <C>
David A. Carlson Vice President
Peter W. Cummins Senior Vice President
David T. Foy Treasurer
Lynda Godkin Senior Vice President, General Counsel and
Corporate Secretary
George R. Jay Controller
Robert A. Kerzner Executive Vice President
Thomas M. Marra Executive Vice President, Director
Paul E. Olson Supervising Registered Principal
Lowndes A. Smith President and Chief Executive Officer, Director
</TABLE>
Unless otherwise indicated, the principal business address of each of
the above individuals is P. O. Box 2999, Hartford, Connecticut
06104-2999.
Item 30. Location of Accounts and Records
All 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
<PAGE>
-7-
Registration Statement as frequently as is necessary to ensure that
the 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 Contracts 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 Council 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 all the requirements for
effectiveness of this Registration Statement pursuant to Rule 485(b) under the
Securities Act of 1933 and has duly caused this Registration Statement to be
signed on its behalf, in the Town of Simsbury, and State of Connecticut on this
10th day of October, 2000.
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY-
SEPARATE ACCOUNT THREE
(Registrant)
By: Thomas M. Marra *By: /s/ Thomas S. Clark
-------------------------------- -----------------------------
Thomas M. Marra, President* Thomas S. Clark
Attorney-in-Fact
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
(Depositor)
By: Thomas M. Marra
--------------------------------
Thomas M. Marra, 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.
David T. Foy, Senior Vice President, Chief
Financial Officer and Treasurer, Director*
Lynda Godkin, Senior Vice President, General
Counsel and Corporate Secretary, Director* *By: /s/ Thomas S. Clark
Thomas M. Marra, President, Director* --------------------
Lowndes A. Smith, Chief Executive Officer, Thomas S. Clark
Director * Attorney-in-Fact
David M. Znamierowski, Senior Vice President
and Chief Investment Officer, Director* Date: October 10, 2000
<PAGE>
EXHIBIT INDEX
(9) Opinion and Consent of Lynda Godkin, Senior Vice President, General Counsel
& Corporate Secretary.
(10) Consent of Arthur Andersen LLP, Independent Public Accountants.
(15) Power of Attorney
(16) Organizational Chart
