<PAGE>
As filed with the Securities and Exchange Commission on August 24, 2000
Registration Nos.
811-08946
333-60833
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. 7 [X]
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 26 [X]
(Check appropriate box or boxes)
SEPARATE ACCOUNT A
(Exact Name of Registrant)
PACIFIC LIFE INSURANCE COMPANY
(Name of Depositor)
700 Newport Center Drive
Newport Beach, California 92660
(Address of Depositor's Principal Executive Offices) (Zip Code)
Depositor's Telephone Number, including Area Code: (949) 219-3743
Diane N. Ledger
Vice President
Pacific Life Insurance Company
700 Newport Center Drive
Newport Beach, California 92660
(Name and Address of Agent for Service)
Copies of all communications to:
Diane N. Ledger Jane A. Kanter, Esq.
Pacific Life Insurance Company Dechert, Price & Rhoads
P. O. Box 9000 1775 Eye Street, N.W.
Newport Beach, CA 92658-9030 Washington, D.C. 20006-2401
Approximate Date of Proposed Public Offering____________________________________
It is proposed that this filing will become effective (check appropriate box)
[_] immediately upon filing pursuant to paragraph (b) of Rule 485
[X] on August 28, 2000 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)(1) 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: interests in the Separate Account under
Pacific Value individual flexible premium deferred variable annuity contracts.
Filing Fee: None
<PAGE>
PROSPECTUS
(Included in Post-Effective Amendment No. 5 to the Registrant's Registration
Statement on Form N-4, Accession No. 0001017062-00-000954, filed on April 21,
2000, and incorporated by reference herein.)
<PAGE>
STATEMENT OF ADDITIONAL INFORMATION
(Included in Post-Effective Amendment No. 5 to the Registrant's Registration
Statement on Form N-4, Accession No. 0001017062-00-000954, filed on April 21,
2000, and incorporated by reference herein.)
<PAGE>
Supplement Dated August 28, 2000 to
Prospectus Dated May 1, 2000 for
Pacific Value, a variable annuity contract
Issued by Pacific Life Insurance Company
-----------------------------------------------------
Termination of the The assets of Pacific Select Fund Bond and Income
Bond and Portfolio, the underlying Portfolio for the Bond
Income Investment and Income Subaccount, are scheduled to be
Option transferred to the Pacific Select Fund Managed Bond
Portfolio in exchange for shares of the Managed
Other terms of your Bond Portfolio (the "reorganization") on September
policy will not change 22, 2000, at or about 4:00 p.m. Eastern time (the
as a result of the "reorganization date"). At the same time that this
transaction described reorganization occurs, the corresponding Subaccount
in this supplement. Units and Subaccount Annuity Units of the Bond and
Income Subaccount will automatically be transferred
to the Managed Bond Subaccount in exchange for
corresponding units of that Investment Option. The
Bond and Income Subaccount will cease to exist.
You need not take any action regarding the
reorganization. The transfer of your units will
occur automatically on the reorganization date.
If you do not wish to participate in the Managed
Bond Investment Option, you can transfer among the
Investment Options as usual. There will be no
charge on transfers for at least 60 days from the
reorganization date. Thereafter, Pacific Life
reserves the right to impose transfer fees for
transfers as stated in the Prospectus, but there is
no current plan to do so. Any transfer made during
this time will not count toward any limitation we
may impose on the number of transfers you may make
annually.
Unless you instruct us otherwise, to the extent any
outstanding instruction you have on file with us
designates the Bond and Income Subaccount, the
instruction will be deemed an instruction for the
Managed Bond Subaccount. Instructions include, but
are not limited to instructions for Purchase
Payment allocations, any transfer or exchange
instructions, including instructions under the
Portfolio Rebalancing, Dollar Cost Averaging, and
Sweep Programs, and Partial Withdrawal
instructions.
-----------------------------------------------------
Postponement of the The reorganization date may be postponed if:
Transaction
. the New York Stock Exchange or another primary
If the reorganization trading market for Portfolio securities of the
date of the Bond and Bond and Income Portfolio and/or the Managed Bond
Income Portfolio is Portfolio is closed to trading or otherwise
postponed, the restricted, or
corresponding transfer
from the Bond and . trading or the reporting of trading on the New
Income Variable York Stock Exchange or other primary trading
Account to the Managed market is disrupted and the Fund's board of
Bond Variable Account trustees believes the value of the net assets in
will also be either Portfolio cannot be accurately appraised.
postponed.
If either of these events occur, the transaction
described above will be postponed until the first
business day after trading is fully resumed and
reporting has been restored.
<PAGE>
This supplement replaces An Overview of Pacific Value: Fees and Expenses Paid
by the Pacific Select Fund: Other Expenses with the following:
Other Expenses
The table also shows the Fund expenses for each
Portfolio based on expenses in 1999, adjusted to
reflect recently reduced custody fees. To help limit
Fund expenses, effective July 1, 2000 we have
contractually agreed to waive all or part of our
investment advisory fees or otherwise reimburse each
Portfolio for operating expenses (including
organizational expenses, but not including advisory
fees, additional costs associated with foreign
investing and extraordinary expenses) that exceed an
annual rate of 0.10% of its average daily net assets.
Such waiver or reimbursement is subject to repayment to
us to the extent such expenses fall below the 0.10%
expense cap. For each Portfolio, our right to repayment
is limited to amounts waived and/or reimbursed that
exceed the new 0.10% expense cap, but do not exceed the
previously established 0.25% expense cap. Any amounts
repaid to us will have the effect of increasing
expenses of the Portfolio, but not above the 0.10%
expense cap. There is no guarantee that we will
continue to cap expenses after December 31, 2001. In
1999, Pacific Life reimbursed the Small-Cap Index
Portfolio $96,949.
<TABLE>
<CAPTION>
-----------------------------------------------------------------------
Less
Advisory Other Total adviser's Total net
Portfolio fee expenses expenses+ reimbursement expenses
-----------------------------------------------------------------------
As an annual % of average daily net assets
<S> <C> <C> <C> <C> <C>
Aggressive Equity 0.80 0.04 0.84 -- 0.84
Emerging Markets/1/ 1.10 0.19 1.29 -- 1.29
Diversified
Research/2/ 0.90 0.05 0.95 -- 0.95
Small-Cap Equity 0.65 0.04 0.69 -- 0.69
International
Large-Cap/2/ 1.05 0.10 1.15 -- 1.15
Bond and Income 0.60 0.05 0.65 -- 0.65
Equity 0.65 0.03 0.68 -- 0.68
I-Net Tollkeeper/2/ 1.50 0.14 1.64 (0.04) 1.60
Multi-Strategy 0.65 0.04 0.69 -- 0.69
Equity Income 0.65 0.04 0.69 -- 0.69
Growth LT 0.75 0.03 0.78 -- 0.78
Mid-Cap Value 0.85 0.07 0.92 -- 0.92
Equity Index/3/ 0.25 0.04 0.29 -- 0.29
Small-Cap Index 0.50 0.30 0.80 (0.20) 0.60
REIT 1.10 0.15 1.25 (0.05) 1.20
International Value 0.85 0.09 0.94 -- 0.94
Government Securities 0.60 0.05 0.65 -- 0.65
Managed Bond/1/ 0.60 0.05 0.65 -- 0.65
Money Market/1/ 0.35 0.04 0.39 -- 0.39
High Yield Bond/1/ 0.60 0.05 0.65 -- 0.65
Large-Cap Value 0.85 0.08 0.93 -- 0.93
-----------------------------------------------------------------------
</TABLE>
/1/ Total adjusted net expenses for these Portfolios in
1999, after deduction of an offset for custodian
credits were: 1.28% for Emerging Markets Portfolio,
0.64% for Managed Bond Portfolio, 0.38% for Money
Market Portfolio, and 0.64% for High Yield Bond
Portfolio.
/2/ Expenses are estimated. There were no actual
advisory fees or expenses for these Portfolios in
1999 because the Portfolios started after December
31, 1999.
/3/ Total adjusted net expenses for the Equity Index
Portfolio in 1999, after deduction of an offset for
custodian credits, were 0.28%. The advisory fee for
the Portfolio has also been adjusted to reflect the
advisory fee increase effective January 1, 2000.
The actual advisory fee and total adjusted net
expenses for this Portfolio in 1999, after
deduction of an offset for custodian credits, were
0.16% and 0.19%, respectively.
+ The Fund has adopted a brokerage enhancement 12b-1
plan, under which brokerage transactions may be
placed with broker-dealers in return for credits,
cash, or other compensation that may be used to
help promote distribution of Fund shares. There are
no fees or charges to any Portfolio under this
plan, although the Fund's distributor may defray
expenses of up to approximately $300,000 for the
year 2000, which it might otherwise incur for
distribution. If such defrayed amount were
considered a Fund expense, it would represent
approximately .0023% or less of any Portfolio's
average daily net assets.
2
<PAGE>
---------------------------------------------------------
Examples is amended The following is added to Examples:
The following table shows the expenses you would pay on
each $1,000 you invested if, at the end of each period,
you: annuitized your Contract; surrendered your
Contract and withdrew the Contract Value, or did not
annuitize or surrender, but left the money in your
Contract.
These examples assume an annual return of 5%.
without any Rider reflects the expenses you would pay
if you did not buy the optional Stepped-Up Death
Benefit Rider (SDBR) or Premier Death Benefit Rider
(PDBR) and the Guaranteed Income Advantage Rider (GIA).
with SDBR reflects the expenses you would pay if you
bought the Stepped-Up Death Benefit Rider, but not the
GIA Rider or PDBR.
with PDBR reflects the expenses you would pay if you
bought the optional Premier Death Benefit Rider, but
not the GIA Rider or SDBR.
with GIA Rider reflects the expenses you would pay if
you bought the optional Guaranteed Income Advantage
Rider, but not the optional SDBR or PDBR.
with SDBR and GIA Rider reflects the expenses you would
pay if you bought the optional Stepped-Up Death Benefit
Rider and the Guaranteed Income Advantage Rider.
with PDBR and GIA Rider reflects the expenses you would
pay if you bought the Premier Death Benefit Rider and
the Guaranteed Income Advantage Rider.
These examples do not show past or future expenses.
Your actual expenses in any year may be more or less
than those shown here.
<TABLE>
<CAPTION>
------------------------------------------------------------
Expenses if you did
not annuitize or
Expenses if you Expenses if you surrender, but left
annuitized surrendered the money in your
your Contract ($) your Contract ($) Contract ($)
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Variable Account 1 yr 3 yr 5 yr 10 yr 1 yr 3 yr 5 yr 10 yr 1 yr 3 yr 5 yr 10 yr
------------------------------------------------------------------------------------------
Aggressive Equity
without any Rider 86 70 120 257 86 165 165 257 23 70 120 257
with SDBR 88 76 130 277 88 139 175 277 25 76 130 277
with PDBR 89 80 137 292 89 143 182 292 26 80 137 292
with GIA Rider 89 79 135 287 89 142 180 287 26 79 135 287
with SDBR and GIA Rider 91 85 145 307 91 148 190 307 28 85 145 307
with PDBR and GIA Rider 92 90 152 321 92 153 197 321 29 90 152 321
------------------------------------------------------------------------------------------
Emerging Markets
without any Rider 90 83 142 301 90 146 187 301 27 83 142 301
with SDBR 92 89 152 320 92 152 197 320 29 89 152 320
with PDBR 94 94 159 334 94 157 204 334 31 94 159 334
with GIA Rider 93 92 157 330 93 155 202 330 30 92 157 330
with SDBR and GIA Rider 95 98 166 348 95 161 211 348 32 98 166 348
with PDBR and GIA Rider 97 102 174 362 97 165 219 362 34 102 174 362
------------------------------------------------------------------------------------------
Diversified Research
without any Rider 87 73 125 268 87 136 170 268 24 73 125 268
with SDBR 89 79 135 288 89 142 180 288 26 79 135 288
with PDBR 90 84 143 303 90 147 188 303 27 84 143 303
with GIA Rider 90 82 141 298 90 145 186 298 27 82 141 298
with SDBR and GIA Rider 92 88 150 317 92 151 195 317 29 88 150 317
with PDBR and GIA Rider 93 93 158 332 93 156 203 332 30 93 158 332
------------------------------------------------------------------------------------------
Small-Cap Equity
without any Rider 83 63 108 232 83 126 153 232 20 63 108 232
with SDBR 85 69 118 253 85 132 163 253 22 69 118 253
with PDBR 87 73 125 268 87 136 170 268 24 73 125 268
with GIA Rider 86 72 123 263 86 135 168 263 23 72 123 263
with SDBR and GIA Rider 88 78 133 283 88 141 178 283 25 78 133 283
with PDBR and GIA Rider 90 82 141 298 90 145 186 298 27 82 141 298
------------------------------------------------------------------------------------------
International Large-Cap
without any Rider 89 79 135 288 89 142 180 288 26 79 135 288
with SDBR 91 85 145 307 91 148 190 307 28 85 145 307
with PDBR 92 90 153 322 92 153 198 322 29 90 153 322
with GIA Rider 92 88 150 317 92 151 195 317 29 88 150 317
with SDBR and GIA Rider 94 94 160 336 94 157 205 336 31 94 160 336
with PDBR and GIA Rider 95 99 167 350 95 162 212 350 32 99 167 350
------------------------------------------------------------------------------------------
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
Expenses if you did
not annuitize or
Expenses if you Expenses if you surrender, but left
annuitized surrendered the money in your
your Contract ($) your Contract ($) Contract ($)
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Variable Account 1 yr 3 yr 5 yr 10 yr 1 yr 3 yr 5 yr 10 yr 1 yr 3 yr 5 yr 10 yr
------------------------------------------------------------------------------------------
Bond and Income
without any Rider 84 66 113 243 84 129 158 243 21 66 113 243
with SDBR 86 72 123 263 86 135 168 263 23 72 123 263
with PDBR 88 76 130 278 88 139 175 278 25 76 130 278
with GIA Rider 87 75 128 273 87 138 173 273 24 75 128 273
with SDBR and GIA Rider 89 81 138 293 89 144 183 293 26 81 138 293
with PDBR and GIA Rider 91 85 145 308 91 148 190 308 28 85 145 308
------------------------------------------------------------------------------------------
Equity
without any Rider 84 65 112 241 84 128 157 241 21 65 112 241
with SDBR 86 71 122 261 86 134 167 261 23 71 122 261
with PDBR 88 76 129 276 88 139 174 276 25 76 129 276
with GIA Rider 87 74 127 271 87 137 172 271 24 74 127 271
with SDBR and GIA Rider 89 80 137 291 89 143 182 291 26 80 137 291
with PDBR and GIA Rider 91 85 145 306 91 148 190 306 28 85 145 306
------------------------------------------------------------------------------------------
I-Net Tollkeeper
without any Rider 93 93 157 331 93 156 202 331 30 93 157 331
with SDBR 95 99 167 350 95 162 212 350 32 99 167 350
with PDBR 97 103 174 363 97 166 219 363 34 103 174 363
with GIA Rider 96 102 172 359 96 165 217 359 33 102 172 359
with SDBR and GIA Rider 98 107 182 377 98 170 227 377 35 107 182 377
with PDBR and GIA Rider 100 112 189 390 100 175 234 390 37 112 189 390
------------------------------------------------------------------------------------------
Multi-Strategy
without any Rider 84 65 112 242 84 128 157 242 21 65 112 242
with SDBR 86 71 122 262 86 134 167 262 23 71 122 262
with PDBR 88 76 130 277 88 139 175 277 25 76 130 277
with GIA Rider 87 75 128 272 87 138 173 272 24 75 128 272
with SDBR and GIA Rider 89 81 138 292 89 144 183 292 26 81 138 292
with PDBR and GIA Rider 91 85 145 307 91 148 190 307 28 85 145 307
------------------------------------------------------------------------------------------
Equity Income
without any Rider 84 65 112 242 84 128 157 242 21 65 112 242
with SDBR 86 71 122 262 86 134 167 262 23 71 122 262
with PDBR 88 76 130 277 88 139 175 277 25 76 130 277
with GIA Rider 87 75 128 272 87 138 173 272 24 75 128 272
with SDBR and GIA Rider 89 81 138 292 89 144 183 292 26 81 138 292
with PDBR and GIA Rider 91 85 145 307 91 148 190 307 28 85 145 307
------------------------------------------------------------------------------------------
Growth LT
without any Rider 85 68 117 251 85 131 162 251 22 68 117 251
with SDBR 87 74 127 271 87 137 172 271 24 74 127 271
with PDBR 89 79 134 286 89 142 179 286 26 79 134 286
with GIA Rider 88 77 132 281 88 140 177 281 25 77 132 281
with SDBR and GIA Rider 90 83 142 301 90 146 187 301 27 83 142 301
with PDBR and GIA Rider 92 88 149 315 92 151 194 315 29 88 149 315
------------------------------------------------------------------------------------------
Mid-Cap Value
without any Rider 86 72 124 265 86 135 169 265 23 72 124 265
with SDBR 88 78 134 285 88 141 179 285 25 78 134 285
with PDBR 90 83 141 300 90 146 186 300 27 83 141 300
with GIA Rider 90 81 139 295 90 144 184 295 27 81 139 295
with SDBR and GIA Rider 92 87 149 315 92 150 194 315 29 87 149 315
with PDBR and GIA Rider 93 92 156 329 93 155 201 329 30 92 156 329
------------------------------------------------------------------------------------------
Equity Index
without any Rider 80 53 91 198 80 116 136 198 17 53 91 198
with SDBR 82 59 102 220 82 122 147 220 19 59 102 220
with PDBR 84 64 109 235 84 127 154 235 21 64 109 235
with GIA Rider 83 62 107 231 83 125 152 231 20 62 107 231
with SDBR and GIA Rider 85 68 117 251 85 131 162 251 22 68 117 251
with PDBR and GIA Rider 87 73 125 266 87 136 170 266 24 73 125 266
------------------------------------------------------------------------------------------
Small-Cap Index
without any Rider 83 63 108 232 83 126 153 232 20 63 108 232
with SDBR 85 69 118 253 85 132 163 253 22 69 118 253
with PDBR 87 73 125 268 87 136 170 268 24 73 125 268
with GIA Rider 86 72 123 263 86 135 168 263 23 72 123 263
with SDBR and GIA Rider 88 78 133 283 88 141 178 283 25 78 133 283
with PDBR and GIA Rider 90 82 141 298 90 145 186 298 27 82 141 298
------------------------------------------------------------------------------------------
REIT
without any Rider 89 81 138 293 89 144 183 293 26 81 138 293
with SDBR 91 87 148 312 91 150 193 312 28 87 148 312
with PDBR 93 91 155 326 93 154 200 326 30 91 155 326
with GIA Rider 92 90 153 322 92 153 198 322 29 90 153 322
with SDBR and GIA Rider 94 96 163 341 94 159 208 341 31 96 163 341
with PDBR and GIA Rider 96 100 170 355 96 163 215 355 33 100 170 355
------------------------------------------------------------------------------------------
</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------
Expenses if you did
not annuitize or
Expenses if you Expenses if you surrender, but left
annuitized surrendered the money in your
your Contract ($) your Contract ($) Contract ($)
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Variable Account 1 yr 3 yr 5 yr 10 yr 1 yr 3 yr 5 yr 10 yr 1 yr 3 yr 5 yr 10 yr
------------------------------------------------------------------------------------------
International Value
without any Rider 87 73 125 267 87 136 170 267 24 73 125 267
with SDBR 89 79 135 287 89 142 180 287 26 79 135 287
with PDBR 90 83 142 302 90 146 187 302 27 83 142 302
with GIA Rider 90 82 140 297 90 145 185 297 27 82 140 297
with SDBR and GIA Rider 92 88 150 316 92 151 195 316 29 88 150 316
with PDBR and GIA Rider 93 92 157 331 93 155 202 331 30 92 157 331
------------------------------------------------------------------------------------------
Government Securities
without any Rider 84 64 110 237 84 127 155 237 21 64 110 237
with SDBR 86 70 120 258 86 133 165 258 23 70 120 258
with PDBR 87 75 128 273 87 138 173 273 24 75 128 273
with GIA Rider 87 73 126 268 87 136 171 268 24 73 126 268
with SDBR and GIA Rider 89 79 136 288 89 142 181 288 26 79 136 288
with PDBR and GIA Rider 90 84 143 303 90 147 188 303 27 84 143 303
------------------------------------------------------------------------------------------
Managed Bond
without any Rider 84 64 110 236 84 127 155 236 21 64 110 236
with SDBR 86 70 120 257 86 133 165 257 23 70 120 257
with PDBR 87 74 127 272 87 137 172 272 24 74 127 272
with GIA Rider 87 73 125 267 87 136 170 267 24 73 125 267
with SDBR and GIA Rider 89 79 135 287 89 142 180 287 26 79 135 287
with PDBR and GIA Rider 90 84 143 302 90 147 188 302 27 84 143 302
------------------------------------------------------------------------------------------
Money Market
without any Rider 81 56 96 209 81 119 141 209 18 56 96 209
with SDBR 83 62 107 230 83 125 152 230 20 62 107 230
with PDBR 85 67 114 246 85 130 159 246 22 67 114 246
with GIA Rider 84 65 112 241 84 128 157 241 21 65 112 241
with SDBR and GIA Rider 86 71 122 261 86 134 167 261 23 71 122 261
with PDBR and GIA Rider 88 76 130 276 88 139 175 276 25 76 130 276
------------------------------------------------------------------------------------------
High Yield Bond
without any Rider 84 64 110 236 84 127 155 236 21 64 110 236
with SDBR 86 70 120 257 86 133 165 257 23 70 120 257
with PDBR 87 74 127 272 87 137 172 272 24 74 127 272
with GIA Rider 87 73 125 267 87 136 170 267 24 73 125 267
with SDBR and GIA Rider 89 79 135 287 89 142 180 287 26 79 135 287
with PDBR and GIA Rider 90 84 143 302 90 147 188 302 27 84 143 302
------------------------------------------------------------------------------------------
Large-Cap Value
without any Rider 86 70 120 257 86 133 165 257 23 70 120 257
with SDBR 88 76 130 277 88 139 175 277 25 76 130 277
with PDBR 89 80 137 292 89 143 182 292 26 80 137 292
with GIA Rider 89 79 135 287 89 142 180 287 26 79 135 287
with SDBR and GIA Rider 91 85 145 307 91 148 190 307 28 85 145 307
with PDBR and GIA Rider 92 90 152 321 92 153 197 321 29 90 152 321
------------------------------------------------------------------------------------------
</TABLE>
5
<PAGE>
PART II
Part C: OTHER INFORMATION
Item 24. Financial Statements and Exhibits
---------------------------------
(a) Financial Statements
Part A: None
Part B:
(1) Registrant's Financial Statements
Audited Financial Statements dated as of December 31, 1999
which are incorporated by reference from the 1999 Annual
Report include the following for Separate Account A:
Statements of Assets and Liabilities
Statements of Operations
Statements of Changes in Net Assets
Notes to Financial Statements
(2) Depositor's Financial Statements
Audited Consolidated Financial Statements dated as of
December 31, 1999 and 1998, and for the three year
period ending December 31, 1999, included in
Part B include the following for Pacific Life:
Independent Auditors' Report
Consolidated Statements of Financial Condition
Consolidated Statements of Operations
Consolidated Statements of Stockholder's Equity
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements
(b) Exhibits
1. (a) Resolution of the Board of Directors of the
Depositor authorizing establishment of Separate
Account A and Memorandum establishing Separate
Account A./1/
(b) Memorandum Establishing Two New Variable
Accounts--Aggressive Equity and Emerging Markets
Portfolios./1/
(c) Resolution of the Board of Directors of Pacific
Life Insurance Company authorizing conformity to
the terms of the current Bylaws./1/
II-1
<PAGE>
2. Not applicable
3. (a) Distribution Agreement between Pacific Mutual Life
and Pacific Mutual Distributors, Inc. ("PMD")
(formerly Pacific Equities Network)/1/
(b) Form of Selling Agreement between Pacific Mutual
Life, PMD and Various Broker-Dealers/1/
4. (a) Form of Individual Flexible Premium Deferred
Variable Annuity Contract (Form PV9808)/1/
(b) Qualified Pension Plan Rider (Form R90-Pen-V)/1/
(c) 403(b) Tax-Sheltered Annuity Rider (Form
R-403B-9553)/1/
(d) Section 457 Plan Rider (Form R95-457)/1/
(e) IRA Rider (Form R-IRA 198)/1/
(f) Roth IRA Rider (Form R-RIRA 198)/1/
(g) Simple IRA Rider (Form R-SIRA 198)/1/
(h) Stepped-Up Death Benefit Rider (Form R9808.SDB)/1/
(i) Premier Death Benefit Rider (Form R9808.PDB)/1/
(j) Guaranteed Income Advantage Rider
(Form 23-111499)/3/
5. (a) Application Form for Individual Flexible Premium
Deferred Variable Annuity Contract (Form 25-12500)/4/
(b) Variable Annuity PAC APP/1/
(c) Application/Confirmation Form/4/
6. (a) Pacific Life's Articles of Incorporation/1/
(b) By-laws of Pacific Life/1/
7. Not applicable
8. Fund Participation Agreement/4/
9. Opinion and Consent of legal officer of Pacific Life as
to the legality of Contracts being registered./1/
II-2
<PAGE>
10. Consent of Independent Auditors/5/
11. Not applicable
12. Not applicable
13. Performance Calculations/5/
14. Not applicable
15. Powers of Attorney/4/
16. Not applicable
Exhibit II-3
------------
/1/ Included in Registrant's Form Type N-4/A, File No. 333-60833, Accession No.
0001017062-98-001683, filed on August 6, 1998 and incorporated by reference
herein.
/2/ Included in Registrant's Form Type N-4, File No. 333-60833, Accession No.
0001017062-99-000757, filed on April 29, 1999, and incorporated by
reference herein.
/3/ Included in Registrant's Form Type 497, File No. 333-60833, Accession No.
0001017062-99-001498, filed on August 17, 1999, and incorporated by
reference herein.
/4/ Included in Registrant's Form N-4/B, File No. 333-60833, Accession No.
0001017062-00-000578, filed on February 29, 2000, and incorporated by
reference herein.
/5/ Included in Registrant's Form N-4/B, File No. 333-60833, Accession No.
0001017062-00-000954, filed on April 21, 2000, and incorporated by
reference herein.
Item 25. Directors and Officers of Pacific Life
Positions and Offices
Name and Address with Pacific Life
Thomas C. Sutton Director, Chairman of the Board, and
Chief Executive Officer
Glenn S. Schafer Director and President
Khanh T. Tran Director, Senior Vice President and
Chief Financial Officer
David R. Carmichael Director, Senior Vice President and
General Counsel
Audrey L. Milfs Director, Vice President and Corporate
Secretary
Edward R. Byrd Vice President and Controller
Brian D. Klemens Vice President and Treasurer
Gerald W. Robinson Executive Vice President
The address for each of the persons listed above is as follows:
700 Newport Center Drive
Newport Beach, California 92660
II-3
<PAGE>
Item 26. Persons Controlled by or Under Common Control with Pacific Life
or Separate Account A
The following is an explanation of the organization chart of Pacific
Life's subsidiaries:
PACIFIC LIFE, SUBSIDIARIES & AFFILIATED ENTERPRISES
LEGAL STRUCTURE
Pacific Life is a California Stock Insurance Company wholly-owned by
Pacific LifeCorp (a Delaware Stock Holding Company) which is, in turn,
99% owned by Pacific Mutual Holding Company (a California Mutual
Holding Company). Pacific Life is the parent company of Pacific Asset
Management LLC (a Delaware Limited Liability Company), Pacific Life &
Annuity Company, formerly known as PM Group Life Insurance Company (an
Arizona Corporation), Pacific Select Distributors, Inc. (formerly
known as Pacific Mutual Distributors, Inc.), and World-Wide Holdings
Limited (a United Kingdom Corporation). Pacific Life also has a 40%
ownership of American Maturity Life Insurance Company (a Connecticut
Corporation), a 50% ownership of Pacific Mezzanine Associates, L.L.C.
(a Delaware Limited Liability Company and a 95% ownership of Grayhawk
Golf Holdings, LLC). A subsidiary of Pacific Mezzanine Associates,
L.L.C. is Pacific Mezzanine Investors, L.L.C., (a Delaware Limited
Liability Company) who is the sole general partner of the PMI
Mezzanine Fund, L.P. (a Delaware Limited Partnership). Subsidiaries of
Pacific Asset Management LLC are PMRealty Advisors Inc., Pacific
Financial Products Inc. (a Delaware Corporation), PPA LLC (a Delaware
Limited Liability Company), CCM LLC (a Delaware Limited Liability
Company), NFJ LLC (a Delaware Limited Liability Company), and PIMCO
Holding LLC (a Delaware Limited Liability Company). Pacific Asset
Management LLC has a 32% beneficial economic interest in PIMCO
Advisors L.P. (a Delaware Limited Partnership). Subsidiaries of
Pacific Select Distributors, Inc. include: Associated Financial Group,
Inc.; Mutual Service Corporation (a Michigan Corporation), along with
its subsidiaries Advisors' Mutual Service Center, Inc. (a Michigan
Corporation) and Titan Value Equities Group, Inc.; and United
Planners' Group, Inc. (an Arizona Corporation), along with its
subsidiary United Planners' Financial Services of America (an Arizona
Limited Partnership). Subsidiaries of World-Wide Holdings Limited
include: World-Wide Reassurance Company Limited (a United Kingdom
Corporation) and World-Wide Reassurance Company (BVI) Limited (a
British Virgin Islands Corporation). All corporations are 100% owned
unless otherwise indicated. All entities are California corporations
unless otherwise indicated.
II-4
<PAGE>
Item 27. Number of Contractholders
Approximately 21,152 Qualified
Approximately 16,767 Non-Qualified
Item 28. Indemnification
(a) The Distribution Agreement between Pacific Life and Pacific
Select Distributors, Inc. ("PSD", formerly known as Pacific
Mutual Distributors, Inc.) provides substantially as follows:
Pacific Life hereby agrees to indemnify and hold harmless PSD and
its officers and directors, and employees for any expenses
(including legal expenses), losses, claims, damages, or
liabilities incurred by reason of any untrue or alleged untrue
statement or representation of a material fact or any omission or
alleged omission to state a material fact required to be stated
to make other statements not misleading, if made in reliance on
any prospectus, registration statement, post-effective amendment
thereof, or sales materials supplied or approved by Pacific Life
or the Separate Account. Pacific Life shall reimburse each such
person for any legal or other expenses reasonably incurred in
connection with investigating or defending any such loss,
liability, damage, or claim. However, in no case shall Pacific
Life be required to indemnify for any expenses, losses, claims,
damages, or liabilities which have resulted from the willful
misfeasance, bad faith, negligence, misconduct, or wrongful act
of PSD.
PSD hereby agrees to indemnify and hold harmless Pacific Life,
its officers, directors, and employees, and the Separate Account
for any expenses, losses, claims, damages, or liabilities arising
out of or based upon any of the following in connection with the
offer or sale of the contracts: (1) except for such statements
made in reliance on any prospectus, registration statement or
sales material supplied or approved by Pacific Life or the
Separate Account, any untrue or alleged untrue statement or
representation made; (2) any failure to deliver a currently
effective prospectus; (3) the use of any unauthorized sales
literature by any officer, employee or agent of PSD or Broker;
(4) any willful misfeasance, bad faith, negligence, misconduct or
wrongful act. PSD shall reimburse each such person for any legal
or other expenses reasonably incurred in connection with
investigating or defending
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<PAGE>
any such loss, liability, damage, or claim.
(b) The Form of Selling Agreement between Pacific Life, Pacific
Select Distributors, Inc. ("PSD", formerly known as Pacific
Mutual Distributors, Inc.) and Various Broker-Dealers provides
substantially as follows:
Pacific Life and PSD agree to indemnify and hold harmless Selling
Broker-Dealer and General Agent, their officers, directors,
agents and employees, against any and all losses, claims, damages
or liabilities to which they may become subject under the 1933
Act, the 1934 Act, or other federal or state statutory law or
regulation, at common law or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof)
arise out of or are based upon any untrue statement or alleged
untrue statement of a material fact or any omission to state a
material fact required to be stated or necessary to make the
statements made not misleading in the registration statement for
the Contracts or for the shares of Pacific Select Fund (the
"Fund") filed pursuant to the 1933 Act, or any prospectus
included as a part thereof, as from time to time amended and
supplemented, or in any advertisement or sales literature
approved in writing by Pacific Life and PSD pursuant to Section
IV.E. of this Agreement.
Selling Broker-Dealer and General Agent agree to indemnify and
hold harmless Pacific Life, the Fund and PSD, their officers,
directors, agents and employees, against any and all losses,
claims, damages or liabilities to which they may become subject
under the 1933 Act, the 1934 Act or other federal or state
statutory law or regulation, at common law or otherwise, insofar
as such losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon: (a) any oral or
written misrepresentation by Selling Broker-Dealer or General
Agent or their officers, directors, employees or agents unless
such misrepresentation is contained in the registration statement
for the Contracts or Fund shares, any prospectus included as a
part thereof, as from time to time amended and supplemented, or
any advertisement or sales literature approved in writing by
Pacific Life and PSD pursuant to Section IV.E. of this Agreement,
(b) the failure of Selling Broker-Dealer or General Agent or
their officers, directors, employees or agents to comply with any
applicable provisions of this Agreement or (c) claims by Sub-
agents or employees of General Agent or Selling Broker-Dealer for
payments of compensation or remuneration of any type. Selling
Broker-Dealer and General Agent will reimburse Pacific Life or
PSD or any director, officer, agent or employee of either entity
for any legal or other expenses reasonably incurred by Pacific
Life, PSD, or such officer, director, agent or employee in
connection with investigating or defending any such loss, claims,
damages, liability or action. This indemnity agreement will be in
addition to any liability which Broker-Dealer may otherwise
have.
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<PAGE>
Item 29. Principal Underwriters
(a) PSD also acts as principal underwriter for Pacific Select
Separate Account, Pacific Select Exec Separate Account, Pacific
Select Variable Annuity Separate Account, Pacific Corinthian
Variable Separate Account, Separate Account B and Pacific
Select Fund.
(b) For information regarding PSD, reference is made to Form B-D, SEC
File No. 8-15264, which is herein incorporated by reference.
(c) PSD retains no compensation or net discounts or commissions from
the Registrant.
Item 30. Location of Accounts and Records
The accounts, books and other documents required to be maintained
by Registrant pursuant to Section 31(a) of the Investment Company
Act of 1940 and the rules under that section will be maintained
by Pacific Life at 700 Newport Center Drive, Newport Beach,
California 92660.
Item 31. Management Services
Not applicable
Item 32. Undertakings
The registrant hereby undertakes:
(a) to file a post-effective amendment to this registration statement
as frequently as is necessary to ensure that the audited
financial statements in this registration statement are never
more than 16 months old for so long as payments under the
variable annuity contracts may be accepted, unless otherwise
permitted.
(b) to include either (1) as a 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, or (3) to deliver a
Statement of Additional Information with the Prospectus.
(c) 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.
Additional Representations
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<PAGE>
(a) The Registrant and its Depositor are relying upon American Council of
Life Insurance, SEC No-Action Letter, SEC Ref. No. 1P-6-88 (November 28, 1988)
with respect to annuity contracts offered as funding vehicles for retirement
plans meeting the requirements of Section 403(b) of the Internal Revenue Code,
and the provisions of paragraphs (1)-(4) of this letter have been complied with.
(b) The Registrant and its Depositor are relying upon Rule 6c-7 of the
Investment Company Act of 1940 with respect to annuity contracts offered as
funding vehicles to participants in the Texas Optional Retirement Program, and
the provisions of Paragraphs (a)-(d) of the Rule have been complied with.
(c) REPRESENTATION PURSUANT TO SECTION 26(e) OF THE INVESTMENT COMPANY
ACT OF 1940: Pacific Life Insurance Company and Registrant represent
that the fees and charges to be deducted under the Variable Annuity Contract
("Contract") described in the prospectus contained in this registration
statement are, in the aggregate, reasonable in relation to the services
rendered, the expenses expected to be incurred, and the risks assumed in
connection with the Contract.
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<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, the Registrant certifies that it meets the requirements of
Securities Act Rule 485 (b) for effectiveness of this Registration Statement and
has caused this Post-Effective Amendment No. 7 to the Registration Statement on
Form N-4 to be signed on its behalf by the undersigned thereunto duly authorized
in the City of Newport Beach, and the State of California on this 24th day of
August, 2000.
SEPARATE ACCOUNT A
(Registrant)
By: PACIFIC LIFE INSURANCE COMPANY
By: ____________________________________
Thomas C. Sutton*
Chairman and Chief Executive Officer
By: PACIFIC LIFE INSURANCE COMPANY
(Depositor)
By: ____________________________________
Thomas C. Sutton*
Chairman and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective
Amendment No. 7 to the Registration Statement has been signed by the following
persons in the capacities and on the dates indicated:
<TABLE>
<S> <C> <C>
Signature Title Date
_________________________ Director, Chairman of the Board August 24, 2000
Thomas C. Sutton* and Chief Executive Officer
_________________________ Director and President August 24, 2000
Glenn S. Schafer*
_________________________ Director, Senior Vice President August 24, 2000
Khanh T. Tran* and Chief Financial Officer
_________________________ Director, Senior Vice President August 24, 2000
David R. Carmichael* and General Counsel
_________________________ Director, Vice President and August 24, 2000
Audrey L. Milfs* Corporate Secretary
_________________________ Vice President and Controller August 24, 2000
Edward R. Byrd*
_________________________ Vice President and Treasurer August 24, 2000
Brian D. Klemens*
_________________________ Executive Vice President August 24, 2000
Gerald W. Robinson*
*By: __________________________ August 24, 2000
David R. Carmichael
as attorney-in-fact
</TABLE>
(Powers of Attorney are contained in Post-Effective Amendment No. 3 of the
Registration Statement filed on February 29, 2000 on Form N-4 for Separate
Account A, Accession No. 0001017062-00-000578, as Exhibit 15).
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