EX-99.(H)(40) 24 d694125dex99h40.htm EX-99.(H)(40) EX-99.(H)(40)

AMENDMENT TO FUND PARTICIPATION AGREEMENT BETWEEN

GREAT WEST LIFE & ANNUITY COMPANY, DELAWARE VIP TRUST,

DELAWARE MANAGEMENT COMPANY AND DELAWARE DISTRIBUTORS, L.P.

THIS AMENDMENT TO FUND PARTICIPATION AGREEMENT is made as of this 1 day of August, 2014, by and among Delaware VIP Trust, Delaware Management Company, Delaware Distributors, L.P. and Great-West Life & Annuity Insurance Company (“Great-West”) (collectively, the “Parties”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Agreement (defined below).

RECITALS

WHEREAS, the Parties entered into to a Fund Participation Agreement dated April 20, 2001, as amended, (the “Agreement”); and

WHEREAS, the Parties desire to add an additional Great-West separate account which is exempt from registration under the 1933 Act and the 1940 Act; and

WHEREAS, the Parties desire and agree to amend the Agreement by deleting in its entirety Schedule A of the Agreement and replacing it with the Schedule A attached hereto.

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the Parties hereby amend the Agreement as follows:

 

 

1.

Schedule A to the Agreement is hereby deleted in its entirety and replaced with the Schedule A attached hereto; and

 

 

2.

Paragraph 2.1 of the Agreement is deleted in its entirety and replaced with the following:

2.1  GWL&A represents and warrants that the securities deemed to be issued by the Account under the Contracts are or will be registered under the 1933 Act or exempt from registration thereunder, and that the Contracts will be issued and sold in compliance in all material respects with all applicable laws, rules and regulations (collectively, “laws”). GWL&A further represents and warrants that it is an insurance company duly organized and in good standing under applicable law and that it has a legally and validly established the Account prior to any issuance or sale of units thereof as a segregated asset account under Section 10-7-401, et seq.


 

of the Colorado Insurance Law and has registered the Account as a unit investment trust in accordance with the provisions of the 1940 Act, unless exempt from registration, to serve as a segregated investment account for the Contracts and that it will maintain such registration for so long as any Contracts are outstanding as required by applicable law.

 

 

3.  All

other provisions of the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the Parties have executed this Amendment as of the 1 day of August, 2014.

GREAT-WEST LIFE AND ANNUITY INSURANCE COMPANY

By its authorized officer,

 

        

 

By:

 

/s/ Susan Gile

 

Name:

 

Susan Gile

 

Title:

 

VP, Individual Markets

  DELAWARE VIP TRUST,
 

By its authorized officer,

 

By:

 

/s/ Patrick P. Coyne

 

Name:

 

Patrick P. Coyne

 

Title:

 

President

DELAWARE MANAGEMENT COMPANY,

A SERIES OF DELAWARE MANAGEMENT BUSINESS TRUST

 

        

 

By its authorized officer,

 

By:

 

/s/ Patrick P. Coyne

 

Name:

 

Patrick P. Coyne

 

Title:

 

President

  DELAWARE DISTRIBUTORS, L.P.
 

By its authorized officer,

 

By:

 

/s/ J. Scott Coleman,

 

Name:

 

J. Scott Coleman, CFA

 

Title:

  Executive Vice President


SCHEDULE A

Separate Accounts

Name of Separate Accounts

Great-West Life & Annuity Insurance Company Accounts:

Variable Annuity-1 Series Account

Variable Annuity-2 Series Account

COLI VUL 2 Series Account

COLI VUL 4 Series Account

COLI VUL 7 Series Account