485APOS 1 d485apos.htm 485APOS 485APOS

As filed with the Securities and Exchange Commission on September 12, 2005.

 

Registration No. 33-33085

811-06032

 

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.   38

 

and

 

REGISTRATION STATEMENT

UNDER

THE INVESTMENT COMPANY ACT OF 1940

 

Amendment No.   58

 

Separate Account VA B

(Exact Name of Registrant)

 

 

TRANSAMERICA LIFE INSURANCE COMPANY

(Name of Depositor)

 

4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499

(Address of Depositor’s Principal Executive Offices)

 

Depositor’s Telephone Number, including Area Code

 

(319) 297-8330

Darin D. Smith, Esquire

Transamerica Life Insurance Company

4333 Edgewood Road, N.E.

Cedar Rapids, Iowa 52499-4520

(Name and Address of Agent for Service)

 

Copy to:

 

Frederick R. Bellamy, Esquire

Sutherland Asbill & Brennan LLP

1275 Pennsylvania Avenue, N.W.

Washington, D.C. 20004-2404

Title of Securities Being Registered:

 

Flexible Premium Variable Annuity Policies

 

It is proposed that this filing will become effective:

 

  ¨   immediately upon filing pursuant to paragraph (b) of Rule 485

 

  ¨ on May 1, 2005 pursuant to paragraph (b) of Rule 485

 

  x60 days after filing pursuant to paragraph (a) (1) of Rule 485

 

  ¨   on                      pursuant to paragraph (a)(1) of Rule 485

 

If appropriate, check the following box:

 

  ¨ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

2

The Prospectus, Statement of Additional Information, Supplements and Exhibits for the Transamerica Landmark Variable Annuity of the Separate Account VA B are hereby incorporated by reference to the Form N-4 Registration Statement (33-33085 and 811-06032) filed on April 27, 2005.

TRANSAMERICA LANDMARK VARIABLE ANNUITY

 

Issued by

 

TRANSAMERICA LIFE INSURANCE COMPANY

 

Supplement dated             , 2005

to the

Prospectus dated May 1, 2005

 

5 FOR LIFE WITH GROWTH RIDER

 

You may elect to purchase the optional 5 for Life with Growth rider which provides you with a guaranteed minimum withdrawal benefit. This rider is available during the accumulation phase but it will not be issued if the annuitant is younger than 60 or older than 80. The maximum issue age may be lower if required by state law.

 

The 5 for Life with Growth rider may vary for certain policies and may not be available for all policies. Please contact Transamerica at (800) 525-6205 for additional information regarding the availability of the 5 for Life with Growth rider.

 

This supplement hereby amends, and to the extent inconsistent replaces, the prospectus disclosure.

 

Fee Table

 

Optional Rider Fees:     

5 for Life with Growth Rider (with additional death benefit)(1)

      .    %

5 for Life with Growth Rider (without additional death benefit)(1)

      .    %
(1) The fee is a percentage of the total withdrawal base.

 

5 for Life with Growth Benefit

 

This benefit is intended to provide an accumulating withdrawal base during the growth period and then provide a level of cash withdrawals regardless of the performance of the variable investment options you select. If you elect this benefit, we will provide a maximum annual withdrawal amount regardless of your policy value while the annuitant is living (your ability to change the frequency or amount of your withdrawal ceases if your policy value reaches zero). Under this benefit, you can withdraw up to 5% of the total withdrawal base each calendar year that the annuitant is living (unless your total withdrawal base is reduced to zero because of “excess” withdrawals; see “Total Withdrawal Base Adjustments”, below).

 

This Prospectus Supplement must be accompanied or preceded

by the Prospectus for the

Transamerica Landmark Variable Annuity dated May 1, 2005

Example. Assume you are the owner and annuitant and you make a single premium payment of $100,000 when you are 61 years old. Further assume that you do not make any additional withdrawals or premium payments, but that after five years your policy value has declined to $70,000 solely because of negative investment performance. At that time, you could still withdraw up to $6,381each calendar year for the rest of your life (assuming that you do not withdraw more than $6,381 in any one year.)

 

Of course, you can always withdraw an amount up to your cash value pursuant to your rights under the policy at your discretion. Please note, the amount of your gross partial withdrawal may impact the maximum annual withdrawal amount, total withdrawal base, and minimum remaining withdrawal amount and such impact may be on a greater than dollar-for-dollar basis.

 

Like all withdrawals, withdrawals under this benefit also:

 

•   reduce your policy value;

 

•   reduce your base policy death benefit and other benefits;

 

•   may be subject to surrender charges and excess interest adjustments;

 

•   may be subject to income taxes and federal tax penalties; and

 

•   may be limited or restricted under certain qualified policies.

 

Rider Issue Requirements. The Company will not issue the 5 for Life with Growth rider unless:

 

•   the annuitant is at least 60 and not yet age 81;

 

•   the annuitant is also an owner (except in the case of non-natural owners); and

 

•   there are no more than two owners.

 

Maximum Annual Withdrawal Amount. You can withdraw up to the maximum annual withdrawal amount in any calendar year without causing an excess withdrawal. See Total Withdrawal Base Adjustments and Minimum Remaining Withdrawal Adjustments below.

 

•   The maximum annual withdrawal amount in the year the rider is elected is equal to 5% of the total withdrawal base prorated based on the number of days from the rider date to the end of the calendar year. Thereafter, the maximum annual withdrawal amount for each calendar year is equal to 5% of the total withdrawal base.

 

•   Please note, the maximum annual withdrawal amount described above is based on calendar years, not rider or policy years.

 

For qualified policies:

 

If the annuitant is at least 70 ½ years old, the maximum annual withdrawal amount for that calendar year (and each subsequent calendar year) is equal to the greater of:

 

•   the maximum annual withdrawal amount described above; or

 

•   an amount equal to a minimum required distribution amount calculated using only: (1) the living annuitant’s age, (2) the IRS Uniform Lifetime table or, if applicable, the Joint Life and Survivor Expectancy table, (3) the policy value of the base policy, (including the present value of any additional benefits provided under the policy to the extent required to be taken into account under IRS guidance) and (4) amounts from the current calendar year (no carry-over from past years). An amount not calculated as set forth above cannot be used as the maximum annual withdrawal amount.

 

2

You can take withdrawals under this rider regardless of your policy value; however, once your policy value reaches zero you cannot make premium payments and all other policy features, benefits, and guarantees (except those provided by this rider) are terminated. In order to continue withdrawals guaranteed by this rider after your policy value reaches zero, you must select the frequency of future withdrawals. Once selected, the amount and frequency of future withdrawals after your policy value reaches zero cannot be changed.

 

Growth Period. The growth period begins on the rider date and ends at the earlier of the first withdrawal or the tenth rider anniversary.

 

Total Withdrawal Base. We use the total withdrawal base to calculate the maximum annual withdrawal amount. The total withdrawal base on the rider date is the policy value (less any premium enhancement, if the rider is added in the first policy year).

 

The total withdrawal base during the growth period is equal to:

 

•   the total withdrawal base on the rider date; plus

 

•   premiums added during the growth period;

 

•   accumulated at an annual effective rate of             %(the accumulation stops at the end of the growth period).

 

The total withdrawal base after the growth period is equal to:

 

•   the total withdrawal base at the end of the growth period; plus

 

•   any premiums added after the growth period; less

 

•   any adjustments for withdrawals (as described under “Total Withdrawal Base Adjustments” below) including the withdrawal, if any, which ended the growth period.

 

Total Withdrawal Base Adjustments. Gross partial withdrawals up to the maximum annual withdrawal amount will not reduce the total withdrawal base. Gross partial withdrawals in excess of the maximum annual withdrawal amount “excess withdrawals” will reduce the total withdrawal base by the greater of the dollar amount of the withdrawal or on a pro rata basis (possibly to zero). See the SAI for examples showing the effect of hypothetical withdrawals in more detail. Excess withdrawals may eliminate the guarantee offered by this rider.

 

Please note:

 

•   Upon the death of the annuitant, the 5 for Life with Growth rider terminates and no additional guaranteed withdrawals exist.

 

•   Since the total withdrawal base of the rider is generally equal to the policy value on the rider date, the maximum annual withdrawal amount may decrease if the policy value decreases prior to the rider date.

 

Additional Death Benefit available with the 5 for Life with Growth Benefit

 

If you elect the 5 for Life with Growth benefit, you can also elect for us to add an additional amount to the death benefit payable under the base policy, upon the death of the annuitant. The additional amount will be equal to the excess, if any, of the minimum remaining withdrawal amount over the base policy death benefit.

 

3

Minimum Remaining Withdrawal Amount. The minimum remaining withdrawal amount on the rider date is the policy value (less any premium enhancement if the rider is added in the first policy year). After the rider date, the minimum remaining withdrawal amount is equal to:

 

•   the minimum remaining withdrawal amount on the rider date; plus

 

•   subsequent premium payments; less

 

•   adjustments for withdrawals (as described under “Minimum Remaining Withdrawal Amount Adjustments” below).

 

Minimum Remaining Withdrawal Amount Adjustments. Gross partial withdrawals up to the maximum annual withdrawal amount will reduce the minimum remaining withdrawal amount on a dollar-for-dollar basis. Gross partial withdrawals in excess of the maximum annual withdrawal amount will reduce the minimum remaining withdrawal amount by the greater of the dollar amount of the withdrawal or on a pro rata basis (possibly to zero). See the SAI for examples showing the effect of hypothetical withdrawals in more detail. Excess withdrawals may eliminate the additional death benefit available with the 5 for Life with Growth rider.

 

Please note:

 

•   If an owner who is not the annuitant dies and the surviving spouse continues the policy, no additional amount is payable. If the policy is not continued, the surviving owner may elect to annuitize the maximum annual withdrawal amount instead of receiving the cash value. If such an election is made, the policy is terminated and the cash value is forfeited.

 

•   The minimum remaining withdrawal amount and policy value do not accumulate.

 

5 for Life with Growth Rider Fee. A rider fee,   .    % of the total withdrawal base on each rider anniversary if you do not elect the additional death benefit and   .    % of the total withdrawal base on each rider anniversary if you do elect the additional death benefit, is charged annually prior to annuitization. We will also deduct the rider fee pro rata upon full surrender of the policy or other termination of the rider (once we have received all necessary regulatory approvals). The rider fee is deducted from each investment choice in proportion to the amount of policy value in each investment option. Generally, the rider fee is deducted regardless of your values.

 

Designated Investment Options. If you elect the 5 for Life with Growth benefit, you must allocate 100% of your policy value to one or more of the following “designated funds:”

 

Asset Allocation – Conservative Portfolio – Service Class

 

Asset Allocation – Moderate Portfolio – Service Class

 

Asset Allocation – Moderate Growth Portfolio – Service Class

 

Transamerica Money Market – Service Class

 

Fixed Account

 

If you elect this rider, you may transfer amounts among the designated funds; however, you cannot transfer any amount to any other subaccount. After the third rider anniversary, you can terminate this rider. Terminating the rider will result in losing all your benefits under this rider. Starting the next business day you may transfer to a non-designated fund.

 

Upgrades. You can upgrade the total withdrawal base to the policy value after the third rider anniversary by sending us written notice (we reserve the right to limit your upgrade election to a 30-day period following a rider anniversary after

 

4

the 4th rider anniversary). At this time the minimum remaining withdrawal amount and maximum annual withdrawal amount will be recalculated. If an upgrade is elected, your current rider will terminate and a new rider will be issued with a new rider date and its own rider fee percentage (which may be higher than your current rider fee percentage) and growth rate. The new rider effective date will be the date the Company receives all necessary information.

 

Termination. The 5 for Life with Growth rider will terminate upon the earliest of the following:

 

•   the date we receive written notice from you requesting termination of the 5 for Life with Growth rider (you may not terminate the rider before the third rider anniversary);

 

•   the annuitant’s death;

 

•   annuitization; or

 

•   termination of your policy.

 

The 5 for Life with Growth rider may vary for certain policies and may not be available for all policies.

 

5

PART C

 

OTHER INFORMATION

 

Item 24.    Financial Statements and Exhibits

 

(a)  Financial Statements

 

All required financial statements are included in Part B of this Registration Statement.

 

(b)  Exhibits:    The following exhibits are filed herewith:

 

(1)   (a)      

Resolution of the Board of Directors of PFL Life Insurance Company authorizing establishment of the Mutual Fund Account. Note 1.

 

    (b)      

Authorization Changing Name of the Mutual Fund Account. Note 9.

 

(2)          

Not Applicable.

 

(3)   (a)      

Principal Underwriting Agreement by and between PFL Life Insurance Company, on its own behalf and on the behalf of the Mutual Fund Account, and MidAmerica Management Corporation. Note 3.

 

    (a)   (1)  

Principal Underwriting Agreement by and between PFL Life Insurance Company, on its own behalf and on the behalf of the Mutual Fund Account, and AFSG Securities Corporation. Note 12.

 

    (a)   (2)  

Termination of Principal Underwriting Agreement by and between AEGON USA Securities, Inc., formerly known as MidAmerica Management Corporation, and PFL Life Insurance Company on its own behalf and on the behalf of PFL Endeavor Variable Annuity Account. Note 14.

 

    (a)   (3)  

Form of Amended and Reinstated Principal Underwriting Agreement by and between AFSG Securities Corporation and Transamerica Life Insurance Company on its behalf and on behalf of the separate investment accounts. Note 30.

 

    (b)      

Form of Broker/Dealer Supervision and Sales Agreement by and between AFSG Securities Corporation and the Broker/Dealer. Note 12.

 

(4)   (a)      

Form of Policy for the Endeavor Variable Annuity. Note 3.

 

    (b)      

Form of Policy Endorsement (Required Distributions). Note 3.

 

    (c)      

Form of Policy Endorsement (Death Benefits). Note 4.

 

    (d)      

Form of Policy Endorsement (Nursing Care). Note 7.

 

    (e)      

Form of Policy Endorsement (Death Benefit). Note 8.

 

    (f)      

Form of Policy for the Endeavor Variable Annuity. Note 10.

 

    (g)      

Form of Policy Endorsement (Nursing Care). Note 10.

 

    (h)      

Form of Policy for the Endeavor FI Variable Annuity. Note 11.

 

    (i)      

Form of Policy Endorsement for the Endeavor FI (Nursing Care). Note 11.

 

    (j)      

Form of Policy Endorsement for the Endeavor Variable Annuity. (Nursing Care) Note 11.

 

    (k)      

Form of Policy for the Endeavor Variable Annuity. Note 12.

 

    (l)      

Form of Policy Endorsement (New Separate Accounts and Annuity Commencement Date). Note 12.

 

    (m)      

Form of Policy Rider for the PFL Endeavor Variable Annuity and the PFL Endeavor ML Variable Variable Annuity

 

C-1

            

    (GMIB) Note 14.

 

    (n)       

Form of Policy Endorsement for the PFL Endeavor Variable Annuity and the PFL Endeavor ML Variable Annuity (403(b) Loan). Note 15.

 

    (o)       

Form of Group Master Policy and Optional Riders for the Endeavor Variable Annuity. Note 20.

 

    (p)       

Form of Group Certificate for the Endeavor Variable Annuity. Note 20.

 

    (q)       

Form of Individual Policy for the Endeavor Variable Annuity. Note 20.

 

    (r)       

Form of Policy for the Separate Account VA B. Note 24.

 

    (s)       

Form of Policy Rider (Additional Death Distribution). Note 24.

 

    (t)       

Form of Policy Endorsement (Initial Payment Guarantee). Note 24

 

    (u)       

Form of Policy Rider (Managed Annuity Program), Note 26.

 

    (v)       

Form of Individual Policy for the Separate Account VA B. Note 32.

 

    (w)       

Form of Policy Rider (Liquidity Rider). Note 32.

 

    (x)       

Form of Policy Rider (MAP II), Note 32.

 

    (y)       

Form of Policy Rider (GPS) Note 37.

 

    (z)       

Form of Policy Rider (5 for Life) Note 37.

 

    (aa)       

Form of Rider (ADD+) Note 37.

 

    (bb)       

Form of Rider (5 for Life-Growth) Note 39.

 

(5)   (a)       

Form of Application for the Endeavor Variable Annuity. Note 11.

 

    (b)       

Form of Application for the Endeavor FI Variable Annuity. Note 11.

 

    (c)       

Form of Application for the Endeavor ML Variable Annuity. Note 11.

 

    (d)       

Form of Application for the PFL Endeavor Variable Annuity. Note 12.

 

    (e)       

Form of Application for the PFL Endeavor Variable Annuity. Note 14.

 

    (f)       

Form of Application for the PFL Endeavor ML Variable Annuity. Note 14.

 

    (g)       

Form of Group Master Application for the Endeavor Variable Annuity. Note 20.

 

    (h)       

Form of Application for Transamerica Landmark Note 24.

 

    (i)       

Form of Application for Transamerica Landmark ML. Note 24.

 

    (j)       

Form of Application for Transamerica Landmark. Note 32.

 

    (k)       

Form of Application for Transamerica Landmark with Merrill Lynch Funds. Note 32.

 

    (l)       

Form of Application. Note 33.

 

(6)   (a)       

Articles of Incorporation of PFL Life Insurance Company. Note 3.

 

    (b)       

Bylaws of PFL Life Insurance Company. Note 3.

 

(7)           

Reinsurance Agreement. Note 36.

 

(8)   (a)       

Participation Agreement by and between PFL Life Insurance Company and Endeavor Series Trust. Note 3.

 

    (b)       

Participation Agreement with WRL Series Fund, Inc. Note 5.

 

    (b)   (1)   

Amendment No. 12 to Participation Agreement among WRL Series Fund, In., PFL Life Insurance Company, AUSA Life Insurance Company, Inc., and Peoples Benefit Life Insurance Company. Note 17.

 

(8)   (b)   (2)   

Amendment No. 15 to Participation Agreement among WRL Series Fund, Inc., PFL Life Insurance Company, AUSA Life Insurance Company, Inc., and Peoples Benefit Life Insurance Company. Note 22.

 

    (b)   (3)   

Amendment No. 17 to Participation Agreement among WRL Series Fund, Inc. Transamerica Life Insurance Company (formerly PFL Life Insurance Company), AUSA Life Insurance Company, Inc., Peoples Benefit Life Insurance Company and Transamerica Occidental Life Insurance Company. Note 24.

 

    (b)   (4)   

Amendment No. 20 to Participation Agreement among AEGON/Transamerica Series Fund, Inc., Transamerica Life Insurance Company, AUSA Life Insurance Company, Inc., Peoples Benefit Life Insurance Company, Transamerica Occidental Life Insurance Company and Transamerica Life Insurance and Annuity Company. Note 32.

 

    (b)   (5)   

Amendment No. 31 to Participation Agreement (AEGON/Transamerica), Note 36.

 

    (b)   (6)   

Amendment No. 32 to Participation Agreement (AEGON/Transamerica), Note 37.

 

    (c)       

Administrative Services Agreement by and between PFL Life Insurance Company and State Street Bank and Trust Company (assigned to Vantage Computer Systems, Inc.). Note 2.

 

    (d)       

Amendment and Assignment of Administrative Services Agreement. Note 3.

 

    (e)       

Second Amendment to Administrative Services Agreement. Note 4.

 

    (f)       

Termination Notice of Administrative Services Agreement by and between PFL Life Insurance Company and Vantage Computer Systems, Inc. Note 10.

 

    (g)       

Participation Agreement by and between PFL Life Insurance Company and Merrill Lynch Asset Management L.P. for the Endeavor ML Variable Annuity Note 11.

 

    (h)       

Amendment to Participation Agreement by and between PFL Life Insurance Company and Endeavor Series Trust. Note 11.

 

C-2

    (h)   (1)   

Amendment No. 6 to Participation Agreement by and between PFL Life Insurance Company, Endeavor Management Co. and Endeavor Series Trust. Note 17

(8)   (h)   (2)   

Amendment to Schedule A of the Participation Agreement by and between PFL Life Insurance Company and Endeavor Series Trust. Note 22

    (h)   (3)   

Termination of Participation Agreement among Transamerica Life Insurance Company, AUSA Life Insurance Company, Inc., Peoples Benefit Life Insurance Company, on their own behalf and on behalf of their separate accounts, Endeavor Series Trust and Endeavor Management Co. Note 32.

    (i)       

Participation Agreement by and between PFL Life Insurance Company and Transamerica Variable Insurance Fund, Inc. Note 20

    (i)   (1)   

Termination of Participation Agreement (Transamerica). Note 26

    (i)   (2)   

Participation Agreement (Transamerica). Note 26

    (i)   (3)   

Addendum to Participation Agreement (Transamerica). Note 26

    (j)       

Participation Agreement by and between variable Insurance Product Funds and Variable Insurance Products Fund II, Fidelity Distributors Corporation, and PFL Life Insurance Company, and Addendums thereto. Note 18

    (j)   (1)   

Amended Schedule A to Participation Agreement by and between Variable Insurance Product Funds and Variable Insurance Products Fund II, Fidelity Distributors Corporation, and PFL Life Insurance Company. Note 20

    (j)   (2)   

Form of Amended Schedule A to Participation Agreement by and between Variable Insurance Product Funds and Variable Insurance Products Funds II, Fidelity Distributors Corporation, and Transamerica Life Insurance Company (formerly PFL Life Insurance Company). Note 24

    (j)   (3)   

Amendment No. 4 to Participation Agreement by and between Variable Insurance Products Funds, Fidelity Distributors Corporation and Transamerica Life Insurance Company. Note 25

    (j)   (4)   

Amendment No. 4 to Participation Agreement by and between Variable Insurance Products Fund II, Fidelity Distributors Corporation and Transamerica Life Insurance Company. Note 25

    (j)   (5)   

Amendment Schedule A to Participation Agreement by and between Variable Insurance Product Funds and Variable Insurance Products Fund II, Fidelity Distributors Corporation and Transamerica Life Insurance Company. Note 25

    (k)       

Participation Agreement between Variable Insurance Products Fund III, Fidelity Distributors Corporation, and PFL Life Insurance Company. Note 19

    (k)   (1)   

Amended Schedule A to Participation Agreement between Variable Insurance Products Fund III, Fidelity Distributors Corporation, and PFL Life Insurance Company Note 20

    (k)   (2)   

Amendment No. 2 to Participation Agreement by and between Variable Insurance Products Fund III, Fidelity Distributors Corporation and Transamerica Life Insurance Company. Note 25

    (k)   (3)   

Amended Schedule A to Participation Agreement by and between Variable Insurance Products Fund III, Fidelity Distributors Corporation and Transamerica Life Insurance Company. Note 25

(8)   (l)       

Participation Agreement by and between Janus Aspen Series and PFL Life Insurance Company. Note 21

(8)   (l)   (1)   

Amendment No. 2 to Participation Agreement by and between Janus Aspen Series and PFL Life Insurance Company. Note 22

(8)   (m)       

Participation Agreement by and among Alliance Variable Products Series Fund, PFL Life Insurance Company, AFSG Securities Corporation. Note 23.

    (m)   (1)   

Amendment No. 2 to Participation Agreement by and among Alliance Variable Products Series Fund, Transamerica Life Insurance Company (formerly PFL Life Insurance Company), AFSG Securities Corporation. Note 26

(8)   (n)       

Participation Agreement by and among AIM Variable Insurance funds, Inc., AIM Distributors, Inc., PFL Life Insurance Company and AFSG Securities Corporation Note 27.

    (n)   (1)   

Amendment No. 7 to Participation Agreement among AIM Variable Insurance Funds, AIM Distributors, Inc., Transamerica Life Insurance Company and AFSG Securities Corporation. Note 31.

(8)   (o)       

Participation Agreement among MFS Variable Insurance Trust, PFL Life Insurance Company and Massachusetts Financial Services Company. Note 28.

    (o)   (1)   

Partial Termination of Participation Agreement among MFS Variable Insurance Trust, PFL Life Insurance Company and Massachusetts Financial Services Company. Note 29.

    (o)   (2)   

Amended and Restated Participation Agreement by and among MFS Variable Insurance Trust, Massachusetts Financial Services Company, and Transamerica Life Insurance Company. Note 32.

    (o)   (3)   

Amendment No. 3 to the Amended and Restated Participation Agreement dated July 1, 2001 by and among the MFS Variable Insurance Trust, Massachusetts Financial Service Company and Transamerica Life Insurance Company. Note 32.

(8)   (p)       

Participation Agreement among STI Classic Variable Trust, SEI Investment Distribution Company, Trustco Capital Management, Inc. and PFL Life Insurance Company. Note 34.

    (p)   (1)   

Amendment No. 1 to Participation Agreement by and among STI Classic Variable Trust. SEI Investments Distribution Company, Trustco Capital Management, Inc. and PFL Life Insurance Company. Note 34.

(8)   (q)       

Participation Agreement between MTB Group of Funds, Edgewood Services, Inc, MTB Investment Advisors, Inc., Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company. Note 34.

    (q)   (1)   

Amendment No.1 to the Participation Agreement (MTB Group of Funds). Note 37.

 

 

C-3

(9)     (a)   

Opinion and Consent of Counsel. Note 37.

 

(9)     (b)   

Consent of Counsel Note 37.

 

(10)   (a)   

Consent of Independent Registered Public Accounting Firm. Note 37.

 

    (b)   

Opinion and Consent of Actuary. Note 37.

 

(11)       

Not Applicable.

 

(12)       

Not Applicable.

 

(13)       

Performance Data Calculations. Note 37.

 

(14)       

Powers of Attorney (P.S. Baird, W.L. Busler, D.C. Kolsrud, R.J. Kontz). Note 6. (Craig D. Vermie) Note 9. (Brenda K. Clancy) Note 10. (Larry N. Norman Note 14. Bart Herbert, Jr.) Note 24. (Christopher H Garrett, Authur C. Schneider). Note 32. (Ronald L. Ziegler) Note 35. (James A. Beardsworth) Note 38.

Note 1.   Filed with the initial filing of this Form N-4 Registration Statement (File No. 33-33085 on January 23, 1990.
Note 2.   Filed with Pre-Effective Amendment No. 1 to this Form N-4 Registration Statement (File No. 33-33085) on April 9, 1990.
Note 3.   Filed with Post-Effective Amendment No. 2 to this Form N-4 Registration Statement (File No. 33-33085) on April 1, 1991.
Note 4.   Filed with Post-Effective Amendment No. 3 to this Form N-4 Registration Statement (File No. 33-33085) on April 29, 1992.
Note 5.   Filed with Post-Effective Amendment No. 5 to this Form N-4 Registration Statement (File No. 33-33085) on April 30, 1993.
Note 6.   Filed with Post-Effective Amendment No. 6 to this Form N-4 Registration Statement (File No. 33-33085) on January 28, 1994.
Note 7.   Filed with Post-Effective Amendment No. 7 to this Form N-4 Registration Statement (File No. 33-33085) on March 29, 1994.
Note 8.   Filed with Post-Effective Amendment No. 10 to this Form N-4 Registration Statement (File No. 33-33085) on April 27, 1995.
Note 9.     Filed with Post-Effective Amendment No. 11 to this Form N-4 Registration Statement (File No. 33-33085) on April 24, 1996.
Note 10.   Filed with Post-Effective Amendment No. 12 to this Form N-4 Registration Statement (File No. 33-33085) on February 28, 1997.
Note 11.   Filed with Post-Effective Amendment No. 13 to this Form N-4 Registration Statement (File No. 33-33085) on April 29, 1997.
Note 12.   Filed with Post-Effective Amendment No. 14 to this Form N-4 Registration Statement (File No. 33-33085) on February 27, 1998.
Note 13.   Filed with Post-Effective Amendment No. 15 to this Form N-4 Registration Statement (File No. 33-33085) on April 29, 1998.
Note 14.   Filed with Post-Effective Amendment No. 16 to this Form N-4 Registration Statement (File No. 33-33085) on September 28, 1998.
Note 15.   Filed with Post-Effective Amendment No. 17 to this Form N-4 Registration Statement (File No. 33-33085) on January 25, 1999.
Note 16.   Filed with Post-Effective Amendment No. 19 to this Form N-4 Registration Statement (File No. 33-33085) on April 29, 1999.
Note 17.   Filed with the Initial filing of Form N-4 Registration Statement for the Access Variable Annuity (File No. 333-94489) on January 12, 2000.

 

C-4

Note 18.    Incorporated by reference to Pre-Effective Amendment No. 1 to Form N-4 Registration Statement (File No. 333-07509) on December 6, 1996.
Note 19.    Incorporated by reference to Post-Effective Amendment No. 1 to Form N-4 Registration Statement (File No. 333-07509) on April 29, 1997.
Note 20.    Filed with Post-Effective Amendment No. 21 to this Form N-4 Registration Statement (File No. 33-33085) on April 27, 2000.
Note 21.    Incorporated by reference to Post-Effective Amendment No. 3 to Form N-4 Registration Statement (333-26209) on April 28, 2000.
Note 22.    Filed with Post-Effective Amendment 22 to this Form N-4 Registration Statement (File No. 33-33085) on October 3, 2000.
Note 23.    Incorporated by reference to Post-Effective Amendment No. 3 to Form N-4 Registration Statement (File No. 333-26209) on April 28, 2000.
Note 24.    Filed with Post-Effective Amendment No. 25 to this Form N-4 Registration Statement (File No. 33-33085) on April 27, 2001.
Note 25.    Incorporated by reference to Pre-Effective Amendment No. 1 to Form N-4 Registration Statement (File No. 333-63086) on September 13, 2001.
Note 26.    Filed with Post-Effective Amendment No. 26 to this Form N-4 Registration Statement (File No. 33-33085) on October 2, 2001.
Note 27.    Incorporated herein by reference to Post-Effective Amendment No. 5 to Form N-4 Registration Statement (File No. 333-7509) on July 16, 1998.
Note 28.    Incorporated herein by reference to Post-Effective Amendment No. 2 to Form N-4 Registration Statement (File No. 333-7509) on December 23, 1997.
Note 29.    Incorporated herein by reference to Post-Effective Amendment No. 8 to Form N-4 Registration Statement (File No. 333-7509) on April 29, 1999.
Note 30.    Filed with Post Effective Amendment 30 to this Form N-4 Registration Statement (File No. 33-33085) on April 29, 2002.
Note 31.    Incorporated by reference to Pre-Effective Amendment No. 1 to Form N-4 Registration Statement (333-76230) on April 29, 2002.
Note 32.    Filed with Post-Effective Amendment No. 31 to this Form N-4 Registration Statement (File No. 33-33085) on October 15, 2002.
Note 33.    Filed with Post-Effective Amendment No. 34 to this Form N-4 Registration Statement (File No. 33-33085) on April 29, 2003.
Note 34.    Filed with Post-Effective Amendment No. 36 to this Form N-4 Registration Statement (File No. 33-33085) on April 29, 2004.
Note 35.    Incorporated herein by reference to Initial Filing to N-4 Registration Statement (File No. 333-116562) on June 17, 2004.
Note 36.    Incorporated herein by reference to Post-Effective Amendment No. 2 to Form N-4 Registration Statement (File No. 333-109580) on January 7, 2005.
Note 37.    Filed with Post-Effective Amendment No. 37 to this Form N-4 Registration Statement (File No. 33-33085) on April 27, 2005.
Note 38.    Filed Herewith.
Note 39.    To be filed by Amendment.

 

 

 

 

 

 

 

 

 

 

 

 

C-5

Item 25.     Directors and Officers of the Depositor

 

Name and Business Address

   

Principal Positions and Offices With Depositor

Larry N. Norman

  4333 Edgewood Road, N.E.

  Cedar Rapids, IA 52499

    Director, Chairman of the Board and President

Ronald L. Ziegler

  4333 Edgewood Road, N.E.

  Cedar Rapids, IA 52499

    Director, Vice President

Craig D. Vermie

  4333 Edgewood Road, N.E.

  Cedar Rapids, IA 52499

    Director, Senior Vice President, Secretary, and General Counsel

Arthur C. Schneider

  4333 Edgewood Road, N.E.

  Cedar Rapids, IA 52499

   

Director, Chief Tax Officer and Senior Vice President

Robert J. Kontz

  4333 Edgewood Road, N.E.

  Cedar Rapids, IA 52499

    Vice President and Corporate Controller

Brenda K. Clancy

  4333 Edgewood Road, N.E.

  Cedar Rapids, IA 52499

   

Director, Executive Vice President and Chief Operations Officer

James A Beardsworth

  4333 Edgewood Road, N.E.

  Cedar Rapids, Iowa 52499-0001

   

Senior Vice President and Treasurer

 

C-6

Item 26.     Persons Controlled by or under Common Control With the Depositor or Registrant.

 

Name

   

Jurisdiction of
Incorporation

   

Percent of Voting

Securities Owned

   

Business

Academy Alliance Holdings Inc.    Canada    100% Creditor Resources, Inc.    Holding company
Academy Alliance Insurance Inc.    Canada    100% Creditor Resources, Inc.    Insurance
Academy Insurance Group, Inc.    Delaware    100% Commonwealth General Corporation    Holding company
Academy Life Insurance Co.    Missouri    100% Academy Insurance Group, Inc.    Insurance company
ADB Corporation, L.L.C.    Delaware    100% Money Services, Inc.    Special purpose limited Liability company
AEGON Alliances, Inc.    Virginia    100% Benefit Plans, Inc.    General agent
AEGON Asset Management Services, Inc.    Delaware    100% AUSA Holding Co.    Registered investment advisor
AEGON Assignment Corporation    Illinois    100% AEGON Financial Services Group, Inc.    Administrator of structured settlements
AEGON Assignment Corporation of Kentucky    Kentucky    100% AEGON Financial Services Group, Inc.    Administrator of structured settlements
AEGON Canada Inc. (“ACI”)    Canada    100% TIHI    Holding company
AEGON Capital Management, Inc.    Canada    100% AEGON Canada Inc.    Investment counsel and portfolio manager
AEGON Dealer Services Canada, Inc.    Canada    100% 1490991 Ontario Limited    Mutual fund dealer
AEGON Derivatives N.V.    Netherlands    100% AEGON N.V.    Holding company
AEGON Direct Marketing Services, Inc.    Maryland    100% Monumental Life Insurance Company    Marketing company
AEGON DMS Holding B.V.    Netherlands    100% AEGON International N.V.    Holding company
AEGON Financial Services Group, Inc.    Minnesota    100% Transamerica Life Insurance Co.    Marketing
AEGON Fund Management, Inc.    Canada    100% AEGON Canada Inc.    Mutual fund issuer
AEGON Funding Corp.    Delaware    100% AEGON USA, Inc.    Issue debt securities-net proceeds used to make loans to affiliates
AEGON Funding Corp. II    Delaware    100% Transamerica Corp.    Issue debt securities-net proceeds used to make loans to affiliates
AEGON Institutional Markets, Inc.    Delaware    100% Commonwealth General Corporation    Provider of investment, marketing and admin. services to ins. cos.
AEGON International N.V.    Netherlands    100% AEGON N.V.    Holding company
AEGON Management Company    Indiana    100% AEGON U.S. Holding Corporation    Holding company
AEGON N.V.    Netherlands    22.72% of Vereniging AEGON Netherlands Membership Association    Holding company
AEGON Nederland N.V.    Netherlands    100% AEGON N.V.    Holding company
AEGON Nevak Holding B.V.    Netherlands    100% AEGON N.V.    Holding company
AEGON Structured Settlements, Inc.    Kentucky    100% Commonwealth General Corporation    Administers structured settlements of plaintiff’s physical injury claims against property and casualty insurance companies
AEGON U.S. Corporation    Iowa    AEGON U.S. Holding Corporation owns 10,024 shares (75.58%); AEGON USA, Inc. owns 3,238 shares (24.42%)    Holding company
AEGON U.S. Holding Corporation    Delaware    1046 shares of Common Stock owned by Transamerica Corp.; 225 shares of Series A Preferred Stock owned by Scottish Equitable Finance Limited    Holding company
AEGON USA Investment Management, Inc.    Iowa    100% AUSA Holding Co.    Investment advisor
AEGON USA Investment Management, LLC    Iowa    100% AEGON USA, Inc.    Investment advisor
AEGON USA Real Estate Services, Inc.    Delaware    100% AEGON USA Realty Advisors, Inc.    Real estate and mortgage holding company

 

C-7

Name

   

Jurisdiction of
Incorporation

   

Percent of Voting

Securities Owned

   

Business

AEGON USA Realty Advisors, Inc.    Iowa    100% AUSA Holding Co,    Administrative and investment services
AEGON USA Travel and Conference Services LLC    Iowa    100% Money Services, Inc.    Travel and conference services
AEGON USA, Inc.    Iowa    10 shares Series A Preferred Stock owned by AEGON U.S Holding Corporation; 150,000 shares of Class B Non-Voting Stock owned by AEGON U.S. Corporation; 100 shares Voting Common Stock owned by AEGON U.S Corporation    Holding company
AEGON/Transamerica Series Fund, Inc.    Maryland    100% AEGON/Transamerica Fund Advisors, Inc.    Investment advisor, transfer agent, administrator, sponsor, principal underwriter/distributor or general partner.
AFSG Securities Corporation    Pennsylvania    100% Commonwealth General Corporation    Broker-Dealer
ALH Properties Eight LLC    Delaware    100% FGH USA LLC    Real estate
ALH Properties Eleven LLC    Delaware    100% FGH USA LLC    Real estate
ALH Properties Fifteen LLC    Delaware    100% FGH USA LLC    Real estate
ALH Properties Five LLC    Delaware    100% FGH USA LLC    Real estate
ALH Properties Four LLC    Delaware    100% FGH USA LLC    Real estate
ALH Properties Nine LLC    Delaware    100% FGH USA LLC    Real estate
ALH Properties Seven LLC    Delaware    100% FGH USA LLC    Real estate
ALH Properties Seventeen LLC    Delaware    100% FGH USA LLC    Real estate
ALH Properties Sixteen LLC    Delaware    100% FGH USA LLC    Real estate
ALH Properties Ten LLC    Delaware    100% FGH USA LLC    Real estate
ALH Properties Twelve LLC    Delaware    100% FGH USA LLC    Real estate
ALH Properties Two LLC    Delaware    100% FGH USA LLC    Real estate
American Bond Services LLC    Iowa    100% Transamerica Life Insurance Company (sole member)    Limited liability company
Ammest Realty Corporation    Texas    100% Monumental Life Insurance Company    Special-purpose subsidiary
Ampac Insurance Agency, Inc. (EIN 23-2364438)    Pennsylvania    100% Academy Insurance Group, Inc.    Inactive
Ampac Insurance Agency, Inc. (EIN 23-1720755)    Pennsylvania    100% Commonwealth General Corporation    Provider of management support services
Ampac, Inc.    Texas    100% Academy Insurance Group, Inc.    Managing general agent
Apple Partners of Iowa LLC    Iowa    Members: 58.13% Monumental Life Insurance Company; 41.87% Peoples Benefit Life Insurance Company    Hold title on Trustee’s Deeds on secured property
ARC Reinsurance Corporation    Hawaii    100% Transamerica Corp,    Property & Casualty Insurance
ARV Pacific Villas, A California Limited Partnership    California    General Partners - Transamerica Affordable Housing, Inc. (0.5%); Non-Affiliate of AEGON, Jamboree Housing Corp. (0.5%). Limited Partner: TOLIC (99%)    Property
AUSA Holding Company    Maryland    100% AEGON USA, Inc.    Holding company
AUSACAN LP    Canada    General Partner - AUSA Holding Co. (1%); Limited Partner - First AUSA Life Insurance Company (99%)    Inter-company lending and general business

 

C-8

Name

   

Jurisdiction of
Incorporation

   

Percent of Voting

Securities Owned

   

Business

Bankers Financial Life Ins. Co.    Arizona    100% Voting Common Stock - First AUSA Life Insurance Co. Class B Common stock is allocated 75% of total cumulative vote. Class A Common stock is allocated 25% of total cumulative vote.    Insurance
Bankers Mortgage Company of CA    California    100% TRS    Investment management
Bay Area Community Investments I, LLC    California    70% LIICA; 30% Monumental Life Insurance Company    Investments in low income housing tax credit properties
Bay State Community Investments I, LLC    Delaware    100% Monumental Life Insurance Company    Investments in low income housing tax credit properties
Bay State Community Investments II, LLC    Delaware    100% Monumental Life Insurance Company    Investments in low income housing tax credit properties
Benefit Plans, Inc.    Delaware    100% Commonwealth General Corporation    TPA for Peoples Security Life Insurance Company
BF Equity LLC    New York    100% RCC North America LLC    Real estate
Buena Sombra Insurance Agency, Inc.    Maryland    100% Peoples Benefit Life Insurance Company    Insurance agency
BWAC Credit Corporation    Delaware    100% TCFCII    Inactive
BWAC International Corporation    Delaware    100% TCFCII    Retail appliance and furniture stores
BWAC Seventeen, Inc.    Delaware    100% TCFC Asset Holdings, Inc.    Holding company
BWAC Twelve, Inc.    Delaware    100% TCFCII    Holding company
BWAC Twenty-One, Inc.    Delaware    100% TCFC Asset Holdings, Inc.    Holding company
Camden Asset Management, LP    CA    Partners are: Limited Partner -Monumental Life Insurance Company (47.136%); General Partner - non-affiliate of AEGON, Harpenden (38.114%). Various individuals own the balance of shares.    Investment advisor.
Canadian Premier Holdings Ltd.    Canada    100% AEGON DMS Holding B.V.    Holding company
Canadian Premier Life Insurance Company    Canada    100% Canadian Premier Holdings Ltd.    Insurance company
Capital 200 Block Corporation    Delaware    100% Commonwealth General Corporation    Real estate holdings
Capital General Development Corporation    Delaware    100% Commonwealth General Corporation    Holding company
Capital Liberty, L.P.    Delaware    99.0% Monumental Life Insurance Company (Limited Partner); 1.0% Commonwealth General Corporation (General Partner)    Holding company
Common Wealth Insurance Agency Inc.    Canada    100% Creditor Resources, Inc.    Insurance agency
Commonwealth General Corporation (“CGC”)    Delaware    100% AEGON U.S. Corporation    Holding company
Consumer Membership Services Canada Inc.    Canada    100% Canadian Premier Holdings Ltd.    Marketing of credit card protection membership services in Canada
Cornerstone International Holdings Ltd.    UK    100% AEGON DMS Holding B.V.    Holding company
CRC Creditor Resources Canadian Dealer Network Inc.    Canada    100% Creditor Resources, Inc.    Insurance agency
Creditor Resources, Inc.    Michigan    100% AUSA Holding Co.    Credit insurance
CRI Canada Inc.    Canada    100% Creditor Resources, Inc.    Holding company
CRI Credit Group Services Inc.    Canada    100% Creditor Resources, Inc.    Holding company
Diversified Actuarial Services, Inc.    Massachusetts    100% Diversified Investment Advisors, Inc.    Employee benefit and actuarial consulting
Diversified Investment Advisors, Inc.    Delaware    100% AUSA Holding Co.    Registered investment advisor
Diversified Investors Securities Corp.    Delaware    100% Diversified Investment Advisors, Inc.    Broker-Dealer

 

C-9

Name

   

Jurisdiction of
Incorporation

   

Percent of Voting

Securities Owned

   

Business

Edgewood IP, LLC    Iowa    100% TOLIC    Limited liability company
FED Financial, Inc.    Delaware    100% Academy Insurance Group, Inc.    Special-purpose subsidiary
FGH Eastern Region LLC    Delaware    100% FGH USA LLC    Real estate
FGH Realty Credit LLC    Delaware    100% FGH Eastern Region LLC    Real estate
FGH USA LLC    Delaware    100% RCC North America LLC    Real estate
FGP 109th Street LLC    Delaware    100% FGH USA LLC    Real estate
FGP 90 West Street LLC    Delaware    100% FGH USA LLC    Real estate
FGP Burkewood, Inc.    Delaware    100% FGH USA LLC    Real estate
FGP Bush Terminal, Inc.    Delaware    100% FGH Realty Credit LLC    Real estate
FGP Colonial Plaza, Inc.    Delaware    100% FGH USA LLC    Real estate
FGP Franklin LLC.    Delaware    100% FGH USA LLC    Real estate
FGP Herald Center, Inc.    Delaware    100% FGH USA LLC    Real estate
FGP Heritage Square, Inc.    Delaware    100% FGH USA LLC    Real estate
FGP Islandia, Inc.    Delaware    100% FGH USA LLC    Real estate
FGP Merrick, Inc.    Delaware    100% FGH USA LLC    Real estate
FGP Rockbeach, Inc.    Delaware    100% FGH USA LLC    Real estate
FGP West 32nd Street, Inc.    Delaware    100% FGH USA LLC    Real estate
FGP West Street LLC    Delaware    100% FGH USA LLC    Real estate
FGP West Street Two LLC    Delaware    100% FGH USA LLC    Real estate
Fifth FGP LLC    Delaware    100% FGH USA LLC    Real estate
Financial Planning Services, Inc.    District of Columbia    100% Ampac Insurance Agency, Inc. (EIN #27-1720755)    Special-purpose subsidiary
Financial Resources Insurance Agency of Texas    Texas    100% owned by Dan Trivers, VP & Director of Operations of Transamerica Financial Advisors, Inc., to comply with Texas insurance law    Retail sale of securities products
First FGP LLC    Delaware    100% FGH USA LLC    Real estate
Force Financial Group, Inc.    Delaware    100% Academy Insurance Group, Inc.    Special-purpose subsidiary
Fourth FGP LLC    Delaware    100% FGH USA LLC    Real estate
Garnet Assurance Corporation    Kentucky    100% Life Investors Insurance Company of America    Investments
Garnet Assurance Corporation II    Iowa    100% Monumental Life Insurance Company    Business investments
Garnet Assurance Corporation III    Iowa    100% Transamerica Occidental Life Insurance Company    Business investments
Garnet Community Investments I, LLC    Delaware    100% Life Investors Insurance Company of America    Securities
Garnet Community Investments II, LLC    Delaware    100% Monumental Life Insurance Company    Securities
Garnet Community Investments III, LLC    Delaware    100% Transamerica Occidental Life Insurance Company    Business investments
Garnet Community Investments IV, LLC    Delaware    100% Transamerica Occidental Life Insurance Company    Investments
Garnet Community Investments V, LLC    Delaware    100% Monumental Life Insurance Company    Investments
Garnet Community Investments VI, LLC    Delaware    100% Monumental Life Insurance Company    Investments
Garnet LIHTC Fund I, LLC    Delaware    100% Garnet Community Investments I, LLC    Investments
Garnet LIHTC Fund II, LLC    Delaware    100% Garnet Community Investments II, LLC    Investments
Garnet LIHTC Fund III, LLC    Delaware    100% Garnet Community Investments III, LLC    Investments
Garnet LIHTC Fund IV, LLC    Delaware    100% Garnet Community Investments IV, LLC    Investments
Garnet LIHTC Fund V, LLC    Delaware    100% Garnet Community Investments V, LLC    Investments
Garnet LIHTC Fund VI, LLC    Delaware    100% Garnet Community Investments VI, LLC    Investments

 

C-10

Name

   

Jurisdiction of
Incorporation

   

Percent of Voting

Securities Owned

   

Business

Gemini Investments, Inc.    Delaware    100% TALIAC    Investment subsidiary
Global Premier Reinsurance Company, Ltd.    British Virgin    100% Commonwealth General Corporation    Reinsurance company
Great Companies, L.L.C.    Iowa    47.50% Money Services, Inc.    Markets & sells mutual funds & individually managed accounts
Greybox L.L.C.    Delaware    100% Transamerica Leasing Holdings, Inc.    Intermodal freight container interchange facilitation service
Home Loans and Finance Ltd.    U.K.    100% TIISI    Inactive — this entity is in the process of being liquidated
Innergy Lending, LLC    Delaware    50% World Financial Group, Inc.; 50% ComUnity Lending, Inc.(non-AEGON entity)    Lending
Insurance Consultants, Inc.    Nebraska    100% Commonwealth General Corporation    Brokerage
InterSecurities, Inc.    Delaware    100% AUSA Holding Co.    Broker-Dealer
Investors Warranty of America, Inc.    Iowa    100% AUSA Holding Co.    Leases business equipment
Iowa Fidelity Life Insurance Co.    Arizona    Ordinary common stock is allowed 60% of total cumulative vote. Participating common stock is allowed 40% of total cumulative vote. First AUSA Life Insurance Co.    Insurance
JMH Operating Company, Inc.    Mississippi    100% People’s Benefit Life Insurance Company    Real estate holdings
Legacy General Insurance Company    Canada    100% Canadian Premier Holdings Ltd.    Insurance company
Life Investors Alliance, LLC    Delaware    100% LIICA    Purchase, own, and hold the equity interest of other entities
Life Investors Insurance Company of America    Iowa    504,032 shares Common Stock owned by AEGON USA, Inc.; 504,033 shares Series A Preferred Stock owned by AEGON USA, Inc.    Insurance
Massachusetts Fidelity Trust Co.    Iowa    100% AUSA Holding Co.    Trust company
Money Concepts (Canada) Limited    Canada    100% National Financial Corporation    Financial services, marketing and distribution
Money Services, Inc.    Delaware    100% AUSA Holding Co.    Provides financial counseling for employees and agents of affiliated companies
Monumental General Administrators, Inc.    Maryland    100% Monumental General Insurance Group, Inc.    Provides management srvcs. to unaffiliated third party administrator
Monumental General Casualty Co.    Maryland    100% AEGON USA, Inc.    Insurance
Monumental General Insurance Group, Inc.    Maryland    100% AUSA Holding Co.    Holding company
Monumental Life Insurance Company    Maryland    73.23% Capital General Development Company; 26.77% First AUSA Life Insurance Company    Insurance Company
National Association Management and Consultant Services, Inc.    Maryland    100% Monumental General Administrators, Inc.    Provides actuarial consulting services
National Financial Corporation    Canada    100% AEGON Canada, Inc.    Holding company
National Financial Insurance Agency, Inc.    Canada    100% 1488207 Ontario Limited    Insurance agency
NEF Investment Company    Calfornia    100% TOLIC    Real estate development
Parkland Insurance Inc.    Canada    100% Creditor Resources, Inc.    Insurance company
Peoples Benefit Life Insurance Company    Iowa    76.3% Monumental Life Insurance Company; 20% Capital Liberty, L.P.; 3.7% CGC    Insurance Company
Peoples Benefit Services, Inc.    Pennsylvania    100% Veterans Life Insurance Company    Special-purpose subsidiary

 

C-11

Name

   

Jurisdiction of
Incorporation

   

Percent of Voting

Securities Owned

   

Business

Primus Guaranty, Ltd.    Bermuda    Partners are: Transamerica Life Insurance Company (13.1%) and non-affiliates of AEGON: XL Capital, Ltd. (34.7%); CalPERS/PCG Corporate Partners Fund, LLC (13.0%); Radian Group (11.1%).    Provides protection from default risk of investment grade corporate and sovereign issues of financial obligations.
Prisma Holdings, Inc. I    Delaware    100% AUSA Holding Co.    Holding company
Prisma Holdings, Inc. II    Delaware    100% AUSA Holding Co.    Holding company
Professional Life & Annuity Insurance Company    Arizona    100% Transamerica Life Insurance Co.    Reinsurance
Pyramid Insurance Company, Ltd.    Hawaii    100% Transamerica Corp.    Property & Casualty Insurance
QSC Holding, Inc.    Delaware    100% AEGON USA Realty Advisors, Inc.    Real estate and financial software production and sales
Quantitative Data Solutions, LLC    Delaware    60% owned by TOLIC    Special purpose corporation
Quest Membership Services, Inc.    Delaware    100% Commonwealth General Corporation    Travel discount plan
RCC North America LLC    Delaware    100% AEGON USA, Inc.    Real estate
RCC Properties Limited Partnership    Iowa    AEGON USA Realty Advisors, Inc. is General Partner and 5% owner; all limited partners are RCC entities within the RCC group    Limited Partnership
Real Estate Alternatives Portfolio 1 LLC    Delaware    Members: 38.356% Transamerica Life Insurance Co.; 34.247% TOLIC; 18.356% LIICA; 6.301% Monumental Life Insurance Co.; 2.74% Transamerica Financial Life Insurance Co.    Real estate alternatives investment
Real Estate Alternatives Portfolio 2 LLC    Delaware    Members: 37.25% Transamerica Life Insurance Co.; 30.75% TOLIC; 22.25% TALIAC; 7.5% Transamerica Financial Life Insurance Co.; 2.25% Stonebridge Life Insurance Co.    Real estate alternatives investment
Real Estate Alternatives Portfolio 3 LLC    Delaware    Members: 27% Transamerica Life Insurance Co.; 23% TOLIC; 19% TALIAC; 1% Stonebridge Life Insurance Co.; 11% LIICA; 14% PBLIC; 5% MLIC    Real estate alternatives investment
Real Estate Alternatives Portfolio 3A LLC    Delaware    Members: 33.4% LIICA; 32% PBLIC; 10% TOLIC; 9.4% MLIC; 9.4% Transamerica Financial Life Insurance Company; 4.8% TALIAC; 1% Stonebridge Life Insurance Co.    Real estate alternatives investment
Realty Information Systems, Inc.    Iowa    100% AEGON USA Realty Advisors, Inc.    Information Systems for real estate investment management
Retirement Project Oakmont    CA    General Partners: Transamerica Products, Inc.; TOLIC; Transameirca Oakmont Retirement Associates, a CA limited partnership. Co-General Partners of Transamerica Oakmont Retirement Associates are Transamerica Oakmont Corp. and Transamerica Products I (Administrative General Partner).    Senior living apartment complex

 

C-12

Name

    Jurisdiction of
Incorporation
   

Percent of Voting

Securities Owned

   

Business

River Ridge Insurance Company    Vermont    100% AEGON Management Company    Captive insurance company
Roundit, Inc.    Maryland    50% AUSA Holding Co.    Financial services
Second FGP LLC    Delaware    100% FGH USA LLC    Real estate
Seventh FGP LLC    Delaware    100% FGH USA LLC    Real estate
Short Hills Management Company    New
Jersey		    100% AEGON U.S. Holding Corporation    Holding company
South Glen Apartments, LLC    Iowa    100% Transamerica Affordable Housing, Inc.    Limited liability company
Southwest Equity Life Ins. Co.    Arizona    100% of Common Voting Stock AEGON USA, Inc.    Insurance
Stonebridge Benefit Services, Inc.    Delaware    100% Commonwealth General Corporation    Health discount plan
Stonebridge Casualty Insurance Company    Ohio    197,920 shares of Common Stock owned by AEGON U.S. Corporation; 302,725 shares of Common Stock owned by AEGON USA, Inc.    Insurance company
Stonebridge Group, Inc.    Delaware    100% Commonwealth General Corporation    General purpose corporation
Stonebridge International Insurance Ltd.    UK    100% Cornerstone International Holdings Ltd.    General insurance company
Stonebridge International Marketing Ltd.    UK    100% Cornerstone International Holdings Ltd.    Marketing
Stonebridge Life Insurance Company    Vermont    100% Commonwealth General Corporation    Insurance company
TA Air X, Corp.    Delaware    100% TCFC Air Holdings, Inc.    Special purpose corporation
TA Air XI, Corp.    Delaware    100% TCFC Air Holdings, Inc.    Special purpose corporation
TA Leasing Holding Co., Inc.    Delaware    100% TFC    Holding company
TBC III, Inc.    Delaware    100% TFCFC Asset Holdings, Inc.    Special purpose corporation
TBK Insurance Agency of Ohio, Inc.    Ohio    500 shares non-voting common stock owned by Transamerica Financial Advisors, Inc.; 1 share voting common stock owned by James Krost    Variable insurance contract sales in state of Ohio
TCF Asset Management Corporation    Colorado    100% TCFC Asset Holdings, Inc.    A depository for foreclosed real and personal property
TCFC Air Holdings, Inc.    Delaware    100% Transamerica Commercial Finance Corporation, I    Holding company
TCFC Asset Holdings, Inc.    Delaware    100% Transamerica Commercial Finance Corporation, I    Holding company
TCFC Employment, Inc.    Delaware    100% Transamerica Commercial Finance Corporation, I    Used for payroll for employees at TFC
TCFC Tax Holdings, Inc.    Delaware    100% Transamerica Commercial Finance Corporation, I    Holding company
TFC Properties, Inc.    Delaware    100% Transamerica Corporation    Holding company
The AEGON Trust Advisory Board: Donald J. Shepard, Joseph B.M. Streppel, Alexander R. Wynaendts, and Craig D. Vermie    Delaware         Voting Trust
The Gilwell Company    California    100% TRS    Ground lessee of 517 Washington Street, San Francisco
The Insurance Agency for the American Working Family, Inc.    Maryland    100% Veterans Life Insurance Company    Insurance
The RCC Group, Inc.    Delaware    100% FGH USA LLC    Real estate
The Whitestone Corporation    Maryland    100% AEGON USA, Inc.    Insurance agency

 

C-13

Name

   

Jurisdiction of
Incorporation

   

Percent of Voting

Securities Owned

   

Business

TIHI Mexico, S. de R.L. de C.V.    Mexico    95% TIHI; 5% TOLIC    To render and receive all kind of administrative, accountant, mercantile and financial counsel and assistance to and from any other Mexican or foreign corporation, whether or not this company is a shareholder of them
Transamerica Accounts Holding Corporation    Delaware    100% TCFC Asset Holdings, Inc.    Holding company
Transamerica Affinity Services, Inc.    Maryland    100% AEGON Direct Marketing Services, Inc.    Marketing company
Transamerica Affordable Housing, Inc.    California    100% TRS    General partner LHTC Partnership
Transamerica Alquiler de Trailers, S.L.    Spain    100% Transamerica Leasing Holdings, Inc.    Leasing
Transamerica Annuity Service Corporation    New Mexico    100% TSC    Performs services required for structured settlements
Transamerica Aviation LLC    Delaware    100% TCFC Air Holdings, Inc.    Special purpose corporation
Transamerica Business Technologies Corporation.    Delaware    100% Transamerica Corp.    Telecommunications and data processing
Transamerica Capital, Inc.    California    100% AUSA Holding Co.    Broker/Dealer
Transamerica CBO I, Inc.    Delaware    100% Transamerica Corp.    Owns and manages a pool of high-yield bonds
Transamerica China Investments Holdings Limited    Hong Kong    99% TOLIC    Holding company
Transamerica Commercial Finance Canada, Limited    Ontario    100% BWAC Seventeen, Inc.    Dormant
Transamerica Commercial Finance Corporation, I    Delaware    100% TFC    Holding company
Transamerica Commercial Holdings Limited    U.K.    100% BWAC Twenty-One Inc.    Holding company
Transamerica Consultora Y Servicios Limitada    Chile    95% TOLIC; 5% Transamerica International Holdings, Inc.    Special purpose limited liability corporation
Transamerica Consumer Finance Holding Company    Delaware    100% TCFC Asset Holdings, Inc.    Consumer finance holding company
Transamerica Consumer Mortgage Receivables Corporation    Delaware    100% Transamerica Consumer Finance Holding Company    Securitization company
Transamerica Corporation    Delaware    100% The AEGON Trust    Major interest in insurance and finance
Transamerica Corporation (Oregon)    Oregon    100% Transamerica Corp.    Holding company
Transamerica Direct Marketing Asia Pacific Pty Ltd.    Australia    100% AEGON DMS Holding B.V.    Holding company
Transamerica Direct Marketing Australia Pty Ltd.    Australia    100% Transamerica Direct Marketing Asia Pacific Pty Ltd.    Marketing/operations company
Transamerica Direct Marketing Japan K.K.    Japan    100% AEGON DMS Holding B.V.    Marketing company
Transamerica Direct Marketing Korea Ltd.    Korea    99% AEGON DMS Holding B.V.: 1% AEGON International N.V.    Marketing company
Transamerica Direct Marketing Taiwan, Ltd.    Taiwan    100% AEGON DMS Holding B.V.    Authorized business: Enterprise management consultancy, credit investigation services, to engage in business not prohibited or restricted under any law of R.O.C., except business requiring special permission of government
Transamerica Distribution Finance - Overseas, Inc.    Delaware    100% TCFC Asset Holdings, Inc.    Commercial Finance
Transamerica Distribution Services, Inc.    Delaware    100% Transamerica Leasing Holdings, Inc.    Dormant
Transamerica Finance Corporation (“TFC”)    Delaware    100% Transamerica Corp.    Commercial & Consumer Lending & equipment leasing
Transamerica Financial Advisors, Inc.    Delaware    100% TSC    Broker/dealer

 

C-14

Name

   

Jurisdiction of
Incorporation

   

Percent of Voting

Securities Owned

   

Business

Transamerica Financial Life Insurance Company    New York    87.40% AEGON USA, Inc.; 12.60% TOLIC    Insurance
Transamerica Financial Resources Ins. Agency of Alabama, Inc.    Alabama    100% Transamerica Financial Advisors, Inc.    Insurance agent & broker
Transamerica Financial Resources Ins. Agency of Massachusetts, Inc.    Massachusetts    100% Transamerica Financial Advisors, Inc    Insurance agent & broker
Transamerica Financial Resources Ins. Agency of Nevada, Inc.    Nevada    100% Transamerica Financial Advisors, Inc.    Insurance agent & broker
Transamerica Fund Advisors, Inc.    Florida    Western Reserve Life Assurance Company of Ohio owns 78%; AUSA Holding Co. owns 22%    Fund advisor
Transamerica Fund Services, Inc.    Florida    100% Western Reserve Life Assurance Co. of Ohio    Mutual fund
Transamerica Funding LP    U.K.    98% Transamerica Leasing Holdings, Inc.; 1% Transamerica Distribution Services, Inc.; 1% BWAC Twenty One, Inc.    Intermodal leasing
Transamerica GmbH, Inc.    Delaware    100% TCFC Asset Holdings, Inc.    Holding company
Transamerica Holding B.V.    Netherlands    100% AEGON International N.V.    Holding company
Transamerica Home Loan    California    100% TCFC Asset Holdings, Inc.    Consumer mortgages
Transamerica IDEX Mutual Funds    Massachusetts    100% AEGON/Transamerica Fund Advisers, Inc.    Mutual fund
Transamerica Income Shares, Inc.    Maryland    100% AEGON/Transamerica Fund Advisers, Inc.    Mutual fund
Transamerica Index Funds, Inc.    Maryland    100% Transamerica Investment Management, LLC    Mutual fund
Transamerica Insurance Marketing Asia Pacific Pty Ltd.    Australia    100% Transamerica Direct Marketing Asia Pacific Pty Ltd.    Insurance intermediary
Transamerica International Direct Marketing Group, Inc.    Maryland    100% Monumental General Insurance Group, Inc.    Marketing arm for sale of mass marketed insurance coverage
Transamerica International Holdings, Inc.    Delaware    100% Transamerica Corp.    Investments
Transamerica International Insurance Services, Inc. (“TIISI”)    Delaware    100% TSC    Holding & administering foreign operations
Transamerica International RE (Bermuda) Ltd.    Bermuda    100% Transamerica Corp.    Reinsurance
Transamerica Investment Management, LLC    Delaware    21% Transamerica Investment Services, Inc. as Original Member; 21% owned by Professional Members (employees of Transamerica Investment Services, Inc.)    Investment adviser
Transamerica Investment Services, Inc. (“TISI”)    Delaware    100% Transamerica Corp.    Investment adviser
Transamerica Investors, Inc.    Maryland    Maintains advisor status    Advisor
Transamerica Leasing Coordination Center    Belgium    100% Transamerica Leasing Holdings, Inc.    Leasing
Transamerica Leasing Holdings, Inc.    Delaware    100% TA Leasing Holding Company, Inc.    Holding company
Transamerica Life Canada    Canada    100% AEGON Canada Inc.    Life insurance company
Transamerica Life Insurance and Annuity Company (“TALIAC”)    N. Carolina    100% TOLIC    Life insurance

 

C-15

Name

   

Jurisdiction of
Incorporation

   

Percent of Voting

Securities Owned

   

Business

Transamerica Life Insurance Company    Iowa    223,500 shares Common Stock owned by AEGON USA, Inc.; 34,295 shares Common Stock owned by Transamerica Life Insurance and Annuity Company; 42,500 shares Series A Preferred Stock owned by AEGON USA, Inc.    Insurance
Transamerica Mezzanine Financing Inc.    Delaware    100% TCFC Asset Holdings, Inc.    Holding company
Transamerica Minerals Company    California    100% TRS    Owner and lessor of oil and gas properties
Transamerica Oakmont Corporation    California    100% TRS    General partner retirement properties
Transamerica Oakmont Retirement Associates    California    Co-General Partners are Transamerica Oakmont Corporation and Transamerica Products I (Administrative General Partner)    Senior living apartments
Transamerica Occidental Life Insurance Company (“TOLIC”)    Iowa    100% TSC    Life Insurance
Transamerica Occidental’s Separate Account Fund C    California    100% TOLIC    Mutual fund
Transamerica Pacific Insurance Company, Ltd.    Hawaii    100% Transamerica Corp.    Life insurance
Transamerica Premier Funds    Maryland    100% Transamerica Investors, Inc.    Investments
Transamerica Products I, Inc.    California    100% TPI    Co-general partner
Transamerica Products, Inc. (“TPI”)    California    100% TSC    Holding company
Transamerica Pyramid Properties LLC    Iowa    100% TOLIC    Realty limited liability company
Transamerica Realty Investment Properties LLC    Delaware    100% TOLIC    Realty limited liability company
Transamerica Realty Services, LLC (“TRS”)    Delaware    100% Transamerica Corp.    Real estate investments
Transamerica Retirement Communities S.F., Inc.    Delaware    100% TFC Properties, Inc.    Owned property
Transamerica Retirement Communities S.J., Inc.    Delaware    100% TFC Properties, Inc.    Owned property
Transamerica Securities Sales Corp.    Maryland    100% TSC    Life insurance sales
Transamerica Service Company (“TSC”)    Delaware    100% TIHI    Passive loss tax service
Transamerica Small Business Capital, Inc.    Delaware    100% TCFC Asset Holdings, Inc.    Holding company
Transamerica Trailer Holdings I Inc.    Delaware    100% Transamerica Leasing Holdings, Inc.    Holding company
Transamerica Trailer Holdings II Inc.    Delaware    100% Transamerica Leasing Holdings, Inc.    Holding company
Transamerica Trailer Holdings III Inc.    Delaware    100% Transamerica Leasing Holdings, Inc.    Holding company
Transamerica Trailer Leasing (Belgium) N.V.    Belgium    100% Transamerica Leasing Holdings, Inc.    Leasing
Transamerica Trailer Leasing (Netherlands) B.V.    Netherlands    100% Transamerica Leasing Holdings, Inc.    Leasing
Transamerica Trailer Leasing A/S    Denmark    100% Transamerica Leasing Holdings, Inc.    Leasing
Transamerica Trailer Leasing AB    Sweden    100% Transamerica Leasing Holdings, Inc.    Leasing
Transamerica Trailer Leasing AG    Switzerland    100% Transamerica Leasing Holdings, Inc.    Leasing
Transamerica Trailer Leasing GmbH    Germany    100% Transamerica Leasing Holdings, Inc.    Leasing
Transamerica Trailer Leasing Limited    U.K.    100% Transamerica Commercial Holdings Limited    Leasing

 

C-16

Name

   

Jurisdiction of
Incorporation

   

Percent of Voting

Securities Owned

   

Business

Transamerica Trailer Leasing S.N.C.    France    99.99% owned by Greybox LLC; .01% owned by Transamerica Trailer Holdings III, Inc.    Leasing
Transamerica Trailer Leasing Sp. Z.O.O.    Poland    100% Transamerica Leasing Holdings, Inc.    Leasing
Transamerica Transport Inc.    New Jersey    100% Transamerica Leasing Holdings, Inc.    Dormant
Transamerica Vendor Financial Services Corporation    Delaware    100% TCFC Asset Holdings, Inc.    Provides commercial leasing
Unicom Administrative Services, GmbH    Germany    100% Unicom Administrative Services, Inc.    This entity is in the process of being liquidated
Unicom Administrative Services, Inc.    Pennsylvania    100% Academy Insurance Group, Inc.    Provider of admin. services
United Financial Services, Inc.    Maryland    100% AEGON USA, Inc.    General agency
Universal Benefits Corporation    Iowa    100% AUSA Holding Co.    Third party administrator
USA Administration Services, Inc.    Kansas    100% TOLIC    Third party administrator
Valley Forge Associates, Inc.    Pennsylvania    100% Ampac Insurance Agency, Inc. (EIN #27-1720755)    Furniture & equipment lessor
Veterans Insurance Services, Inc.    Delaware    100% Ampac Insurance Agency, Inc. (EIN #27-1720755)    Special-purpose subsidiary
Veterans Life Insurance Company    Illinois    100% AEGON USA, Inc.    Insurance company
Western Reserve Life Assurance Co. of Ohio    Ohio    100% AEGON USA, Inc.    Insurance
WFG Insurance Agency of Puerto Rico, Inc.    Puerto Rico    100% World Financial Group Insurance Agency, Inc.    Insurance agency
WFG Property & Casualty Insurance Agency of Alabama, Inc.    Alabama    100% WFG Property & Casualty Insurance Agency, Inc.    Insurance agency
WFG Property & Casualty Insurance Agency of California, Inc.    California    100% WFG Property & Casualty Insurance Agency, Inc.    Insurance agency
WFG Property & Casualty Insurance Agency of Mississippi, Inc.    Mississippi    100% WFG Property & Casualty Insurance Agency, Inc.    Insurance agency
WFG Property & Casualty Insurance Agency of Nevada, Inc.    Nevada    100% WFG Property & Casualty Insurance Agency, Inc.    Insurance agency
WFG Property & Casualty Insurance Agency, Inc.    Georgia    100% World Financial Group Insurance Agency, Inc.    Insurance agency
WFG Propreties Holdings, LLC    Georgia    100% World Financial Group, Inc.    Marketing
WFG Securities of Canada, Inc.    Canada    100% World Financial Group Holding Company of Canada, Inc.    Mutual fund dealer
Whirlpool Financial Corporation Polska SpoZOO    Poland    100% Transamerica Commercial Holdings Limited    Inactive - commercial finance
World Financial Group Holding Company of Canada Inc.    Canada    100% TIHI    Holding company
World Financial Group Insurance Agency of Canada Inc.    Ontario    50% World Financial Group Holding Co. of Canada Inc.; 50% World Financial Group Subholding Co. of Canada Inc.    Insurance agency
World Financial Group Insurance Agency of Hawaii, Inc.    Hawaii    100% World Financial Group Insurance Agency, Inc.    Insurance agency
World Financial Group Insurance Agency of Massachusetts, Inc.    Massachusetts    100% World Financial Group Insurance Agency, Inc.    Insurance agency
World Financial Group Insurance Agency of New Mexico, Inc.    New Mexico    100% World Financial Group Insurance Agency, Inc.    Insurance agency
World Financial Group Insurance Agency of Wyoming, Inc.    Wyoming    100% World Financial Group Insurance Agency, Inc.    Insurance agency
World Financial Group Insurance Agency, Inc.    California    100% Western Reserve Life Assurance Co. of Ohio    Insurance agency
World Financial Group Subholding Company of Canada Inc.    Canada    100% World Financial Group Holding Company of Canada, Inc.    Holding company

 

C-17

Name

   

Jurisdiction of
Incorporation

   

Percent of Voting

Securities Owned

   

Business

World Financial Group, Inc.    Delaware    100% AEGON Asset Management Services, Inc.    Marketing
World Group Securities, Inc.    Delaware    100% AEGON Asset Management Services, Inc.    Broker-dealer
WRL Insurance Agency of Massachusetts, Inc.    Massachusetts    100% WRL Insurance Agency, Inc.    Insurance agency
WRL Insurance Agency of Wyoming, Inc.    Wyoming    100% WRL Insurance Agency, Inc.    Insurance agency
WRL Insurance Agency, Inc.    California    100% Western Reserve Life Assurance Co. of Ohio    Insurance agency
Zahorik Company, Inc.    California    100% AUSA Holding Co.    Broker-Dealer
Zahorik Texas, Inc.    Texas    100% Zahorik Company, Inc.    Insurance agency
ZCI, Inc.    Alabama    100% Zahorik Company, Inc.    Insurance agency

 

C-18

Item 27.    Number of Policyowners

 

As of August 31, 2005, there were 76,953 Owners of the Policies.

 

Item 28.    Indemnification

 

The Iowa Code (Sections 490.850 et. seq.) provides for permissive indemnification in certain situations, mandatory indemnification in other situations, and prohibits indemnification in certain situations. The Code also specifies procedures for determining when indemnification payments can be made.

 

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Depositor pursuant to the foregoing provisions, or otherwise, the Depositor 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 Depositor of expenses incurred or paid by a director, officer or controlling person in connection with the securities being registered), the Depositor 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) AFSG Securities Corporation serves as the principal underwriter for:

 

AFSG Securities Corporation serves as the principal underwriter for Separate Account VA B, the Retirement Builder Variable Annuity Account, Separate Account VA A, Separate Account VA C, Separate Account VA D, Separate Account VA E, Separate Account VA F, Separate Account VA I, Separate Account VA J, Separate Account VA K, Separate Account VA L, Separate Account VA P, Separate Account VA Q, Separate Account VA R, Separate Account VA S, Separate Account VA W, Transamerica Corporate Separate Account Sixteen, Separate Account VL A and Legacy Builder Variable Life Separate Account. These accounts are separate accounts of Transamerica Life Insurance Company.

 

AFSG Securities Corporation serves as principal underwriter for Separate Account VA BNY, Separate Account VA QNY, Separate Account VA WNY, Separate Account C, Separate Account VA-2LNY, TFLIC Series Life Account, TFLIC Separate Account VNY and TFLIC Series Annuity Account. These accounts are separate accounts of Transamerica Financial Life Insurance Company.

 

AFSG Securities Corporation serves as principal underwriter for Separate Account I, Separate Account II and Separate Account V. These accounts are separate accounts of Peoples Benefit Life Insurance Company.

 

AFSG Securities Corporation serves as principal underwriter for Separate Account VA U, Separate Account VA V, WRL Series Life Account, WRL Series Life Corporate Account, WRL Series Annuity Account and WRL Series Annuity Account B. These accounts are separate accounts of Western Reserve Life Assurance Co. of Ohio.

 

AFSG Securities Corporation also serves as principal underwriter for Separate Account VA-2L and Transamerica Occidental Life Separate Account VUL-3. These accounts are separate accounts of Transamerica Occidental Life Insurance Company.

 

AFSG Securities Corporation also serves as principal underwriter for AEGON/Transamerica Series Trust, Transamerica IDEX Mutual Funds and Transamerica Investors, Inc.

 

(b) Directors and Officers of AFSG Securities Corporation:

 

C-19

Name

   

Principal

Business Address

  

Position and Offices with Underwriter

Larry N. Norman

    (1)   Director and President

Lisa Wachendorf

    (1)   Director, Vice President and Chief Compliance Officer

Frank A. Camp

    (1)   Secretary

Darin D. Smith

    (1)   Vice President and Assistant Secretary

Linda Gilmer

    (1)   Assistant Treasurer

Teresa L. Stolba

    (1)   Assistant Compliance Officer

John K. Carter

    (2)   Vice President

Kyle A. Kellan

    (2)   Vice President

Priscilla I. Hechler

    (2)   Assistant Secretary and Assistant Vice President

Michael C Massrock

    (2)   Vice President

Clifton W. Flenniken, III

    (3)   Assistant Treasurer

Emily Monroe Bates

    (4)   Assistant Treasurer

Carol A Sterlacci

    (2)   Assistant Controller & Treasurer
(1) 4333 Edgewood Road N.E., Cedar Rapids, IA 52499-0001
(2) 570 Carillon Parkway, St. Petersburg, FL 33716-1202
(3) 111 North Charles Street, Baltimore, MD 21201
(4) 400 West Market Street, Louisville, KY 40202

 

(c) Compensation to Principal Underwriter:

 

Name of Principal Underwriter

   

Net Underwriting

Discounts and

Commissions(1)

   

Compensation on

Redemption

   

Brokerage

Commissions

    Compensation

AFSG Securities Corporation

    $ 48,422,852.76    0    0    0
(1) Fiscal Year 2004

 

Item 30.    Location of Accounts and Records

 

The records required to be maintained by Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 to 31a-3 promulgated thereunder, are maintained by Manager Regulatory Filing Unit Transamerica Life Insurance Company at 4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499.

 

Item 31.    Management Services.

 

All management Policies are discussed in Part A or Part B.

 

Item 32.    Undertakings

 

(a)  Registrant undertakes that it will file a post-effective amendment to this registration statement as frequently as necessary to ensure that the audited financial statements in the registration statement are never more than 16 months old for so long as Premiums under the Policy may be accepted.

 

(b)  Registrant undertakes that it will include either (i) a postcard 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 (ii) a space in the Policy application that an applicant can check to request a Statement of Additional Information.

 

(c)  Registrant 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 to Transamerica at the address or phone number listed in the Prospectus.

 

(d)  Transamerica Life Insurance Company hereby represents that the fees and charges deducted under the policies, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Transamerica Life Insurance Company.

 

SECTION 403(B) REPRESENTATIONS

 

        Transamerica represents that it is relying on a no-action letter dated November 28, 1988, to the American Council of Life Insurance (Ref. No. IP-6-88), regarding Sections 22(e), 27(c)(1), and 27(d) of the Investment Company Act of 1940, in connection with redeemability restrictions on Section 403(b) Policies, and that paragraphs numbered (1) through (4) of that letter will be complied with.

 

STATEMENT PURSUANT TO RULE 6C-7: TEXAS OPTIONAL RETIREMENT PROGRAM

 

Transamerica and the Mutual Fund Account rely on 17 C.F.R. Sec. 270.6c-7, and represent that the provisions of that Rule have been or will be complied with.

 

C-20

SIGNATURES

 

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant has caused this Registration Statement to be signed on its behalf, in the City of Cedar Rapids and State of Iowa, on this 9th day of September, 2005.

 

SEPARATE ACCOUNT VA B
TRANSAMERICA LIFE INSURANCE COMPANY
Depositor

*

Larry N. Norman
President

 

As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the duties indicated.

 

Signatures

     

Title

  

Date

*

      Director                   , 2005

Ronald L. Ziegler

           

*

     

Director

(Principal Executive Officer)

                   , 2005

Larry N. Norman

         

/s/ Craig D. Vermie

      Director   September 9, 2005

Craig D. Vermie

           

*

      Director                   , 2005

Arthur C. Schneider

           

*

      Director                   , 2005

Brenda K. Clancy

           

*

      Vice President and Corporate Controller                   , 2005

Robert J. Kontz

           

*

      Senior Vice President, and Treasurer                   , 2005

James A. Beardsworth

           

*  By Craig D. Vermie, Attorney-in-Fact

Registration No.

33-33085

 

SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON, D.C. 20549

 

 

EXHIBITS

 

TO

 

FORM N-4

 

REGISTRATION STATEMENT

 

UNDER

 

THE SECURITIES ACT OF 1933

 

FOR

 

SEPARATE ACCOUNT VA B

 

EXHIBIT INDEX

 

Exhibit No.
  

Description of Exhibit

   

Page No.*

(14)   Powers of Attorney     
* Page numbers included only in manually executed original.