<PAGE>
As filed with the Securities and Exchange Commission on September 22, 2000.
File No. 33-80732
811-8580
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. _10_ [X]
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 24 [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)
It is proposed that this filing will become effective:
___ immediately upon filing pursuant to paragraph (b) of Rule 485
_X_ on October 2, 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>
PARTS A AND B
The Prospectus and Statement of Additional Information (including all financial
statements therein) are incorporated in Parts A and B, respectively, of this
Post-Effective Amendment No. 10, by reference to Post-Effective Amendment No. 9
to the Registration Statement on Form N-4 (File No. 33-80732), as filed on
April 13, 2000 and declared effective on May 1, 2000.
A Supplement to the Prospectus, dated October 2, 2000 is included in Part A
of this Post-Effective Amendment.
<PAGE>
SELECT DIMENSIONS VARIABLE ANNUITY
SERIES I
SEPARATE ACCOUNT THREE
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SUPPLEMENT DATED OCTOBER 2, 2000 TO THE PROSPECTUS DATED MAY 1, 2000
In the section entitled "Definitions," the definition of "Commuted Value" is
deleted and replaced with the following:
COMMUTED VALUE -- The present value of any remaining guaranteed Annuity Payouts.
This amount is calculated using the Assumed Investment Return for variable
dollar amount Annuity Payouts or the underlying rate of return for fixed dollar
amount Annuity Payouts.
In the "Highlights" section under the sub-section "Can I take out any of my
money?", the first paragraph is deleted and replaced with the following
language:
You may Surrender all or part of the amounts you have invested at any time
before we start making Annuity Payouts. Once Annuity Payouts begin, you may take
full or partial Surrenders under the Payments for a Period Certain, Life Annuity
with Payments for a Period Certain or the Joint and Last Survivor Life Annuity
with Payments for a Period Certain Annuity Options, but only if you selected the
variable dollar amount Annuity Payouts.
- You may have to pay income tax on the money you take out and, if you
Surrender before you are age 59 1/2, you may have to pay an income tax
penalty.
- You may have to pay a Contingent Deferred Sales Charge on the money you
Surrender.
In the "Highlights" section, under the subsection "What Annuity Payout Options
are available?" the second paragraph is deleted and replaced with the following:
You must begin to take payments before the Annuitant's 90th birthday or the
end of the 10th Contract Year, whichever comes later, unless you elect a
later date to begin receiving payments subject to the laws and regulations
then in effect and our approval. If you do not tell us what Annuity Payout
Option you want before that time, we will pay you under the variable Life
Annuity with a 10 year Period Certain Annuity Option. Please consult your
Registered Representative or call us.
In the "General Contract Information" section, immediately under the table
entitled "Hartford's Ratings" the following paragraph is added:
These ratings apply to Hartford's ability to meet its obligations under the
Contract. The ratings do not apply to the Separate Account or the underlying
Funds.
In the "Surrenders" section, under the sub-section entitled "What kinds of
surrenders are available?", the paragraph entitled "Partial Surrenders after the
Annuity Commencement Date" is deleted and replaced with the following language:
PARTIAL SURRENDERS AFTER THE ANNUITY COMMENCEMENT DATE -- Partial Surrenders are
permitted after the Annuity Commencement Date if you select the Life Annuity
With 120, 180 or 240 Monthly Payments or the Payments for a Designated Period
Annuity Payout Option. You may take partial Surrenders of amounts equal to the
Commuted Value of the payments that we would have made during the "Period
Certain" or the number of years you select under the Annuity Payout Option that
we guarantee to make Annuity Payouts.
To qualify for partial Surrenders under these Annuity Payout Options you must
elect a variable dollar amount Annuity Payout and you must make the Surrender
request during the Period Certain.
Hartford will deduct any applicable Contingent Deferred Sales Charges.
If you elect to take the entire Commuted Value of the Annuity Payouts we would
have made during the Period Certain, Hartford will not make any Annuity Payouts
during the remaining Period Certain. If you elect to take only some of the
Commuted Value of the Annuity Payouts we would have made during the Period
Certain, Hartford will reduce the remaining Annuity Payouts during the remaining
Period Certain. Annuity Payouts that are to be made after the Period Certain is
over will not change.
PLEASE CHECK WITH YOUR TAX ADVISER BECAUSE THERE COULD BE ADVERSE TAX
CONSEQUENCES FOR PARTIAL SURRENDERS AFTER THE ANNUITY COMMENCEMENT DATE.
<PAGE>
In the "Annuity Payouts" section, under the sub-section entitled, "When do you
want Annuity Payouts to begin?", the third and fourth sentences of the first
paragraph are deleted and replaced with the following language:
The Annuity Commencement Date cannot be deferred beyond the Annuitant's 90th
birthday or the end of the 10th Contract Year, whichever is later unless you
elect a later date to begin receiving payments subject to the laws and
regulations then in effect and our approval. If this Contract is issued to the
trustee of a Charitable Remainder Trust, the Annuity Commencement Date may be
deferred to the Annuitant's 100th birthday.
In the "Annuity Payouts" section, under the subsection "2. Which Annuity Payout
Option do you want to use?" under the subsection "Important Information", that
last two bulleted paragraphs are deleted and replaced with the following:
- For Non-Qualified Contracts, if you do not elect an Annuity Payout Option,
variable Annuity Payouts will automatically begin on the Annuity Commencement
Date under the Life Annuity with Payments for a Period Certain Annuity Payout
Option with period certain payouts for 10 years.
- For Qualified Contracts and Contracts issued in Texas, if you do not elect an
Annuity Payout Option, variable Annuity Payouts will begin automatically on
the Annuity Commencement Date, under the Life Annuity Payout Option.
In the "Other Programs Available" section, in the paragraph entitled "Automatic
Income" the first sentence is deleted and replaced with the following:
The Automatic Income Program allows you to Surrender up to 10% of your total
Premium Payments each Contract Year without a Contingent Deferred Sales Charge.
The "Accumulation Unit Value" table is deleted and replaced with the following:
ACCUMULATION UNIT VALUES
(For an Accumulation Unit outstanding throughout the period)
The following audited information from the financial statements of the Separate
Account has been audited by Arthur Andersen LLP, independent public accountants,
as indicated in their report with respect thereto, and should be read in
conjunction with those statements which are included in the Statement of
Additional Information, which is incorporated by reference in this Prospectus.
The unaudited information, which reflects the deduction for the Optional Death
Benefit, has been derived from the audited financial statements of the Separate
Account.
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------------------------------------------------------------
WITHOUT THE WITH THE OPTIONAL
OPTIONAL DEATH DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994
<S> <C> <C> <C> <C> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------------------
MONEY MARKET SUB-ACCOUNT (Inception date
September 14, 1994)
Accumulation Unit Value at beginning of period $11.728 $11.850 $11.309 $10.901 $10.521 $10.056 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $12.117 $12.105 $11.728 $11.309 $10.901 $10.521 $10.056
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 9,489 179 9,134 6,625 7,480 3,864 112
---------------------------------------------------------------------------------------------------------------------------------
NORTH AMERICAN GOVERNMENT SECURITIES SUB-ACCOUNT
(Inception date September 14, 1994)
Accumulation Unit Value at beginning of period $11.642 $11.763 $11.322 $10.841 $10.536 $10.041 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $11.870 $11.858 $11.642 $11.322 $10.841 $10.536 $10.041
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 684 6 631 413 353 107 2
---------------------------------------------------------------------------------------------------------------------------------
BALANCED GROWTH SUB-ACCOUNT (Inception date
September 14, 1994)
Accumulation Unit Value at beginning of period $17.859 $19.514 $15.829 $13.617 $12.165 $10.040 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $18.230 $18.212 $17.859 $15.829 $13.617 $12.165 $10.040
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 5,961 122 5,292 4,124 2,663 1,220 69
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------------------------------------------------------------
WITHOUT THE WITH THE OPTIONAL
OPTIONAL DEATH DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994
<S> <C> <C> <C> <C> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------------------
UTILITIES SUB-ACCOUNT (Inception date
September 14, 1994)
Accumulation Unit Value at beginning of period $20.391 $22.516 $16.918 $13.568 $12.684 $10.045 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $28.898 $28.870 $20.391 $16.918 $13.568 $12.684 $10.045
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 5,030 126 3,879 2,853 2,512 1,356 40
---------------------------------------------------------------------------------------------------------------------------------
DIVIDEND GROWTH SUB-ACCOUNT (Inception date
September 14, 1994)
Accumulation Unit Value at beginning of period $24.847 $28.283 $21.045 $16.921 $13.787 $ 9.975 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $24.631 $24.606 $24.847 $21.045 $16.921 $13.787 $ 9.975
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 26,039 414 25,790 22,062 14,201 5,393 128
---------------------------------------------------------------------------------------------------------------------------------
VALUE-ADDED MARKET SUB-ACCOUNT (Inception date
September 14, 1994)
Accumulation Unit Value at beginning of period $19.843 $22.283 $17.936 $14.422 $12.418 $ 9.904 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $21.945 $21.923 $19.843 $17.936 $14.422 $12.418 $ 9.904
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 7,133 123 7,413 6,713 4,528 1,783 25
---------------------------------------------------------------------------------------------------------------------------------
GROWTH SUB-ACCOUNT (Inception date September 14,
1994)
Accumulation Unit Value at beginning of period $18.530 $20.335 $16.596 $13.675 $11.224 $10.047 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $25.416 $25.391 $18.530 $16.596 $13.675 $11.224 $10.047
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 3,012 97 2,575 2,207 1,233 316 21
---------------------------------------------------------------------------------------------------------------------------------
AMERICAN OPPORTUNITIES SUB-ACCOUNT (Inception
date September 14, 1994)
Accumulation Unit Value at beginning of period $25.729 $29.294 $19.951 $15.335 $13.770 $10.049 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $39.532 $39.493 $25.729 $19.951 $15.335 $13.770 $10.049
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 16,616 392 12,902 10,468 7,289 2,606 72
---------------------------------------------------------------------------------------------------------------------------------
GLOBAL EQUITY SUB-ACCOUNT (Inception date
September 14, 1994)
Accumulation Unit Value at beginning of period $14.918 $16.178 $13.142 $12.265 $11.162 $ 9.950 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $19.733 $19.713 $14.918 $13.142 $12.265 $11.162 $ 9.950
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 7,342 132 7,311 6,816 4,360 1,424 110
---------------------------------------------------------------------------------------------------------------------------------
DEVELOPING GROWTH SUB-ACCOUNT (Inception date
September 14, 1994)
Accumulation Unit Value at beginning of period $20.318 $22.022 $18.896 $16.843 $15.123 $10.138 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $38.574 $38.535 $20.318 $18.896 $16.843 $15.123 $10.138
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 3,699 62 3.664 4.003 3.366 1.078 27
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------------------------------------------------------------
WITHOUT THE WITH THE OPTIONAL
OPTIONAL DEATH DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994
<S> <C> <C> <C> <C> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------------------
EMERGING MARKETS SUB-ACCOUNT (Inception date
September 14, 1994)
Accumulation Unit Value at beginning of period $ 7.981 $ 9.750 $11.405 $11.420 $ 9.841 $10.037 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $14.444 $14.430 $ 7.981 $11.405 $11.420 $ 9.841 $10.037
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 1,421 16 1,512 1,911 1,394 389 35
---------------------------------------------------------------------------------------------------------------------------------
DIVERSIFIED INCOME SUB-ACCOUNT (Inception date
September 14, 1994)
Accumulation Unit Value at beginning of period $12.577 $12.511 $12.238 $11.456 $10.607 $10.056 $10.000
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $12.175 $12.163 $12.577 $12.238 $11.456 $10.607 $10.056
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 6,139 55 6,373 4,502 2,579 775 30
---------------------------------------------------------------------------------------------------------------------------------
MIDCAP EQUITY SUB-ACCOUNT (Inception date
January 21, 1997)
Accumulation Unit Value at beginning of period $11.913 $13.393 $11.433 $10.000 -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $22.568 $22.545 $11.913 $11.433 -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 2,887 108 2,075 1,505 -- -- --
---------------------------------------------------------------------------------------------------------------------------------
HIGH YIELD SUB-ACCOUNT (Inception date April 1,
1998)
Accumulation Unit Value at beginning of period $ 9.993 $10.513 $10.000 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $10.554 $10.554 $ 9.993 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 1,926 71 982 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
MID-CAP VALUE SUB-ACCOUNT (Inception date
April 1, 1998)
Accumulation Unit Value at beginning of period $10.072 $10.692 $10.000 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $11.977 $11.965 $10.072 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 1,323 129 731 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
EMERGING MARKETS DEBT SUB-ACCOUNT
(Inception date April 1, 1998)
Accumulation Unit Value at beginning of period $ 6.752 $ 7.668 $10.000 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $ 8.615 $ 8.607 $ 6.752 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 78,118 15 37 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
STRATEGIC STOCK SUB-ACCOUNT (Inception date
April 1, 1998)
Accumulation Unit Value at beginning of period $10.283 $11.812 $10.000 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $10.093 $10.083 $10.283 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 1,047 48 536 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------------------------------------------------------------
WITHOUT THE WITH THE OPTIONAL
OPTIONAL DEATH DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994
<S> <C> <C> <C> <C> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------------------
ENTERPRISE SUB-ACCOUNT (Inception date April 1,
1998)
Accumulation Unit Value at beginning of period $10.652 $11.283 $10.000 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $13.219 $13.206 $10.652 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 1,421 149 386 -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
EMERGING MARKETS EQUITY SUB-ACCOUNT
Accumulation Unit Value at beginning of period $10.000 $10.000 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $14.353 $14.347 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 170 33 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
ACTIVE INTERNATIONAL ALLOCATION SUB-ACCOUNT
Accumulation Unit Value at beginning of period $10.000 $10.000 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $11.718 $11.713 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 36 9 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
FIXED INCOME SUB-ACCOUNT
Accumulation Unit Value at beginning of period $10.000 $10.000 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of period $10.065 $10.061 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units outstanding at end of
period (in thousands) 109 32 -- -- -- -- --
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
HV-2738
33-80732
<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 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.
(11) No financial statements are omitted.
(12) Not applicable.
-----------------------------
(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.
<PAGE>
(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, Connecticut 06104-2999.
*Denotes date of election to 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 July 31, 2000, there were 33,698 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 and (2) legal and other
expenses incurred in defending against such claims, in each case, to
the extent such is consistent with statutory provisions.
<PAGE>
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 Separate Account Two
<PAGE>
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
Positions and Offices
Name With Underwriter
---- ----------------
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
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.
<PAGE>
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 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 duly caused this Registration Statement to be
signed on its behalf, in the Town of Simsbury, and State of Connecticut on
this 22nd day of September, 2000.
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY-
SEPARATE ACCOUNT THREE
(Registrant)
*By: Thomas M. Marra *By: /s/ Marianne O'Doherty
-------------------------------- ------------------------
Thomas M. Marra, President Marianne O'Doherty
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/ Marianne O'Doherty
Thomas M. Marra, President, Director* -----------------------
Lowndes A. Smith, Chief Executive Officer, Marianne O'Doherty
Director*
Attorney-in-Fact
David M. Znamierowski, Senior Vice President
and Chief Investment Officer, Director* Date: September 22, 2000
33-80732
<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.
