485APOS 1 d485apos.txt 485APOS As filed with the Securities and Exchange Commission on September 5, 2002 Registration No. 33-49998 811-7042 --------------------------------------- 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. 22 [x] -- and REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ] Amendment No. 23 [x] -- SEPARATE ACCOUNT VA-2L ---------------------- (Exact Name of Registrant) TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY ---------------------------------------------- (Name of Depositor) 4333 Edgewood Road NE, Cedar Rapids, IA 52499 --------------------------------------------- (Address of Depositor's Principal Executive Offices) Depositor's Telephone Number, including Area Code: (319) 297-8121 Name and Address of Agent for Service: Copy to: Frank A. Camp, Esquire Frederick R. Bellamy, Esquire Transamerica Occidental Life Insurance Co. Sutherland, Asbill & Brennan, LLP 4333 Edgewood Road, N.E. 1275 Pennsylvania Avenue, N.W. Cedar Rapids, Iowa 52499-0001 Washington, D.C. 20004-2402 Approximate date of proposed sale to the public: As soon as practicable after effectiveness of the Registration Statement. Title of Securities being registered: Variable Annuity Contracts It is proposed that this filing will become effective: [_] immediately upon filing pursuant to paragraph (b) [_] on ___________ pursuant to paragraph (b) [_] 60 days after filing pursuant to paragraph (a)(i) [X] on November 11, 2002 pursuant to paragraph (a)(1) If appropriate, check the following box: [_] This Post-Effective Amendment designates a new effective date for a previously filed Post-Effective Amendment. The Prospectuses and Statements of Additional Information of Separate Account VA-2L are hereby incorporated by reference to Form N-4 Registration Statement (33-49998 and 811-7042) filed on April 29, 2002. THE DREYFUS/TRANSAMERICA TRIPLE ADVANTAGE(R) VARIABLE ANNUITY Issued by TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY Supplement Dated November 11, 2002 to the Prospectus dated May 1, 2002 An optional "Liquidity Rider" is available for the Dreyfus/Transamerica Triple Advantage(R) Variable Annuity. You can elect this rider which reduces the number of years each purchase payment is subject to surrender charges. You can only elect this rider at the time you purchase your contract. There is an extra charge for this rider. The rights and benefits under the Liquidity Rider are summarized below. A copy of the rider is available upon request from Transamerica Occidental Life Insurance Company. All terms used that are not defined in this supplement shall have the same meanings as the same terms used in the prospectus. The Liquidity Rider may not be available in all states at the date of this supplement. Please contact Transamerica at (877) 717-8861 for additional information regarding the availability of the Liquidity Rider in your state. This Prospectus Supplement must be accompanied by the Prospectus for the Dreufys/Transamerica Triple Advantage(R) Variable Annuity Dated May 1, 2002 The following hereby amends, and to the extent inconsistent replaces, the corresponding Annuity Contract Fee Table in the prospectus. ================================================================================ ANNUITY CONTRACT FEE TABLE* ================================================================================ Contract Owner Transaction Expenses -------------------------------------------------------------------------------- Sales Load On Purchase Payments .......................................... 0 Maximum Surrender Charge (as a % of purchase payments surrendered)/(1)/ ....................... 7% Annual Service Charge/(2)/ ........................... $0 - $35 Per Contract Transfer Fee/(3)/ ................................................. $0 - $10 Optional Rider Fees: ------------------- Guaranteed Minimum Income Benefit Rider/(4)/. ......................... 0.45% (as an annual % of the minimum annuitization value on each contract anniversary) Tax Relief Rider/(5)/ ................................................. 0.25% (as an annual % of the account value on each rider anniversary) Variable Account Annual Expenses (as a percentage of average account value) -------------------------------------------------------------------------------- Mortality and Expense Risk Charges/(6)/ .............................. 1.15% Administrative Charge ................................................ 0.15% ----- TOTAL VARIABLE ACCOUNT ANNUAL EXPENSES .................................................... 1.30% Optional Separate Account Expenses: ---------------------------------- Double Enhanced Death Benefit/(7)/ ................................... 0.15% ----- Liquidity Rider/(8)/ ................................................. 0.40% ----- TOTAL SEPARATE ACCOUNT ANNUAL EXPENSES WITH HIGHEST OPTIONAL SEPARATE ACCOUNT EXPENSES/(9)/ ..................................... 1.85% -------------------------------------------------------------------------------- Portfolio Annual Expenses/(10)/ (as a percentage of average net assets and after fee waivers and/or expense reimbursements) -------------------------------------------------------------------------------- Total Rule Portfolio Management Other 12b-1 Annual Fees Expenses Fees/(11)(12)/ Expenses -------------------------------------------------------------------------------- Transamerica Equity 0.75% 0.10% - 0.85% Appreciation 0.75% 0.10% 0.25% 1.10% Balanced/(13)/ 0.75% 0.16% 0.09% 1.00% Disciplined Stock/(13)/ 0.75% 0.13% 0.12% 1.00% Growth and Income/(13)/ 0.75% 0.12% 0.14% 1.01% International Equity 0.75% 0.47% 0.25% 1.47% International Value/(13)/ 0.80% 0.60% 0.00% 1.40% Limited Term High Income/(13)/ 0.65% 0.25% 0.01% 0.91% Money Market 0.50% 0.08% - 0.58% Quality Bond 0.65% 0.11% 0.25% 1.01% Small Cap 0.75% 0.11% 0.25% 1.11% Small Company Stock 0.75% 0.39% 0.25% 1.39% Special Value/(13)/ 0.74% 0.24% 0.02% 1.00% Stock Index 0.25% 0.07% 0.25% 0.57% Socially Responsible Growth 0.75% 0.09% 0.25% 1.09% Core Bond/(13)/ 0.43% 0.30% 0.07% 0.80% Core Value/(13)/ 0.73% 0.27% 0.00% 1.00% Emerging Leaders/(13)/ 0.74% 0.65% 0.11% 1.50% Emerging Markets/(13)/ 0.00% 2.00% 0.00% 2.00% European Equity/(13)/ 0.81% 0.44% 0.00% 1.25% Founders Discovery/(13)/ 0.79% 0.62% 0.08% 1.49% Founders Growth/(13)/ 0.65% 0.35% 0.00% 1.00% Founders International Equity/(13)/ 0.28% 1.22% 0.00% 1.50% Founders Passport/(13)/ 0.00% 1.50% 0.00% 1.50% Japan/(13)/ 0.00% 1.50% 0.00% 1.50% MidCap Stock/(13)/ 0.75% 0.17% 0.08% 1.00% Technology Growth 0.75% 0.20% 0.25% 1.20% ================================================================================ *Different contract fees and charges may apply to those contracts purchased prior to May 1, 2002. Check your contract for details. 2 /(1)/ The surrender charge, if any is imposed, applies to each contract, regardless of how account value is allocated among the variable account and the fixed account. The surrender charge is decreased based on the number of years since the purchase payment was made, from 7% in the year in which the purchase payment was made, to 0% in the eighth year after the purchase payment was made (the fifth year if the Liquidity Rider is elected). If applicable a surrender charge will only be applied to surrenders that exceed the amount available under certain listed exceptions. /(2)/ The service charge applies to the fixed account and the variable account, and is assessed on a pro rata basis relative to each account's account value as a percentage of the contract's total account value. The service charge is deducted on each contract anniversary and at the time of surrender. /(3)/ The transfer fee, if any is imposed, applies to each contract, regardless of how account value is allocated among the variable account and the fixed account. There is no fee for the first 18 transfers per year. For additional transfers, Transamerica may charge a fee of $10 per transfer, but currently does not charge for any transfers. /(4)/ The annual Guaranteed Minimum Income Benefit fee is 0.45% of the minimum annuitization value (as defined under "Guaranteed Minimum Income Benefit") and is deducted only during the accumulation phase. If you annuitize under the rider and elect the guaranteed minimum payment option, a guaranteed payment fee is deducted at an annual rate of 1.25%. See Section 5, Expenses. /(5)/ The annual Tax Relief Rider fee is 0.25% of the account value and is deducted only during the accumulation phase. /(6)/ The mortality and expense risk fee shown (1.15%) is for the "Return of Premium Death Benefit." /(7)/ The fee for the "Double Enhanced Death Benefit" is in addition to the mortality and expense risk fee of 1.15%. /(8)/ The fee for the Liquidity Rider is in addition to the mortality and expense risk fee (1.15%). This fee is only charged in the first four contract years. /(9)/ The Double Enhanced Death Benefit fee and the Liquidity Rider fee are included herein. The "Total Separate Account Annual Expenses" shown does not include fees for the Guaranteed Minimum Income Benefit or the Tax Relief Rider. Only mortality and expense risk fee and the administrative charge are applicable during the income phase of the Contract. /(10)/ The fee table information relating to the underlying funds is for the year 2001 (unless otherwise noted) and was provided to Transamerica by the underlying funds, their investment advisers or managers, and Transamerica has not and cannot independently verify the accuracy or completeness of such information. Actual expenses of the portfolios in future years and the current year may be greater or less than those shown in the Table. /(11)/ The Fees shown are for the Service Class Shares, except for the Money Market Portfolio and Transamerica Equity. Contracts purchased before January 22, 2001 generally are invested only in the Initial Class Shares. If you are invested in the Initial Class Shares of each portfolio, the Total Portfolio Annual Expenses would be lower, since the Initial Class Shares are not subject to a Rule 12b-1 Fee. Consult the portfolio prospectuses for more information. /(12)/ The Rule 12b-1 Fees deducted from the Service Class Shares of these portfolios cover certain distribution and shareholder support services provided by Transamerica Occidental Life Insurance Company selling contracts investing in those portfolios. The amount of the Rule 12b-1 Fee is 0.25% per year before any fee waivers and/or expense reimbursements. /(13)/ Total Portfolio Annual Expenses shown are net of any fee waiver and/or expense reimbursement. Without such waivers or reimbursement of expenses, the management fee, other expenses, 12b-1 fee, and Total Portfolio Annual Expenses would be as follows: 0.75%, 0.16%, 0.25%, 1.16% - Balanced; 0.75%, 0.13%, 0.25%, 1.13% - Disciplined Stock; 0.75%, 0.12%, 0.25%, 1.12% - Growth & Income; 1.00%, 0.74%, 0.25%, 1.99% - International Value; 0.65%, 0.25%, 0.25%, 1.15% - Limited Term High Income; 0.75%, 0.24%, 0.25%, 1.24% - Special Value; 0.60%, 0.30%, 0.25%, 1.15% - Core Bond; 0.75%, 0.27%, 0.25%, 1.27% - Core Value; 0.90%, 0.65%, 0.25%, 1.80% - Emerging Leaders; 1.25%, 4.14%, 0.25%, 5.64% - Emerging Markets; 1.00%, 0.52%, 0.25%, 1.77% - European Equity; 0.90%, 0.62%, 0.25%, 1.77% - Founders Discovery; 0.75%, 0.40%, 0.25%, 1.40% - Founders Growth; 1.00%, 1.30%, 0.25%, 2.55% - Founders International Equity; 1.00%, 2.81%, 0.25%, 4.06% - Founders Passport; 1.00%, 3.54%, 0.25%, 4.79% - Japan; and 0.75%, 0.17%, 0.25%, 1.17% - MidCap. 3 The following hereby amends, and to the extent inconsistent replaces, the Annuity Contract Fee Table Examples contained in the prospectus. EXAMPLES - TABLE B You would pay the following expenses on a $1,000 investment, assuming a hypothetical 5% annual return on assets, assuming the entire account value is in the applicable subaccount, assuming the Guaranteed Minimum Income Benefit, the Tax Relief Rider and the Liquidity Rider have all been selected: The expenses reflect different mortality and expense risk fees depending on which death benefit you select: A = Return of Premium Death Benefit B = Double Enhanced Death Benefit If you purchased your contract prior to May 1, 2002, the amount shown may vary.
==================================================================================================================================== If the Contract is annuitized at If the Contract is surrendered the end of the applicable time at the end of the applicable period or if the Contract is simply time period. kept in the accumulation phase. ---------------------------------------------------------------------------- Subaccounts 1 3 5 10 1 3 5 10 Year Years Years Years Year Years Years Years ------------------------------------------------------------------------------------------------------------------------------------ Transamerica Equity A $102 $154 $171 $346 $33 $103 $171 $346 ---------------------------------------------------------------------------------- B $104 $158 $178 $360 $35 $107 $178 $360 ------------------------------------------------------------------------------------------------------------------------------------ Appreciation A $105 $161 $183 $370 $36 $110 $183 $370 ---------------------------------------------------------------------------------- B $106 $165 $190 $383 $37 $114 $190 $383 ------------------------------------------------------------------------------------------------------------------------------------ Balanced A $104 $158 $178 $360 $35 $107 $178 $360 ---------------------------------------------------------------------------------- B $105 $162 $185 $374 $36 $111 $185 $374 ------------------------------------------------------------------------------------------------------------------------------------ Disciplined Stock A $104 $158 $178 $360 $35 $107 $178 $360 ---------------------------------------------------------------------------------- B $105 $162 $185 $374 $36 $111 $185 $374 ------------------------------------------------------------------------------------------------------------------------------------ Growth and Income A $104 $158 $178 $361 $35 $107 $178 $361 ---------------------------------------------------------------------------------- B $106 $163 $186 $375 $36 $112 $186 $375 ------------------------------------------------------------------------------------------------------------------------------------ International Equity A $109 $172 $200 $403 $40 $121 $200 $403 ---------------------------------------------------------------------------------- B $110 $176 $207 $416 $41 $125 $207 $416 ------------------------------------------------------------------------------------------------------------------------------------ International Value A $108 $170 $197 $397 $39 $119 $197 $397 ---------------------------------------------------------------------------------- B $110 $174 $204 $410 $40 $123 $204 $410 ------------------------------------------------------------------------------------------------------------------------------------ Limited Term High Income A $103 $155 $174 $352 $34 $104 $174 $352 ---------------------------------------------------------------------------------- B $104 $160 $181 $366 $35 $109 $181 $366 ------------------------------------------------------------------------------------------------------------------------------------ Money Market A $ 99 $146 $157 $320 $31 $ 95 $157 $320 ---------------------------------------------------------------------------------- B $101 $150 $165 $335 $32 $ 99 $165 $335 ------------------------------------------------------------------------------------------------------------------------------------ Quality Bond A $104 $158 $178 $361 $35 $107 $178 $361 ---------------------------------------------------------------------------------- B $106 $163 $186 $375 $36 $112 $186 $375 ------------------------------------------------------------------------------------------------------------------------------------ Small Cap A $105 $161 $183 $370 $36 $110 $183 $370 ---------------------------------------------------------------------------------- B $107 $166 $190 $384 $37 $115 $190 $384 ------------------------------------------------------------------------------------------------------------------------------------ Small Company Stock A $108 $169 $196 $396 $39 $118 $196 $396 ---------------------------------------------------------------------------------- B $110 $174 $204 $409 $40 $123 $204 $409 ------------------------------------------------------------------------------------------------------------------------------------ Special Value A $104 $158 $178 $360 $35 $107 $178 $360 ---------------------------------------------------------------------------------- B $105 $162 $185 $374 $36 $111 $185 $374 ------------------------------------------------------------------------------------------------------------------------------------ Stock Index A $ 99 $145 $157 $319 $31 $ 94 $157 $319 ---------------------------------------------------------------------------------- B $101 $150 $164 $334 $32 $ 99 $164 $334 ------------------------------------------------------------------------------------------------------------------------------------ Socially Responsible Growth Fund A $105 $161 $182 $369 $36 $110 $182 $369 ---------------------------------------------------------------------------------- B $106 $165 $189 $382 $37 $114 $189 $382 ------------------------------------------------------------------------------------------------------------------------------------ Core Bond A $102 $152 $168 $341 $33 $101 $168 $341 ---------------------------------------------------------------------------------- B $103 $156 $175 $355 $34 $105 $175 $355 ------------------------------------------------------------------------------------------------------------------------------------ Core Value A $104 $158 $178 $360 $35 $107 $178 $360 ---------------------------------------------------------------------------------- B $105 $162 $185 $374 $36 $111 $185 $374 ====================================================================================================================================
4 EXAMPLES - TABLE B - continued...
==================================================================================================================================== If the Contract is annuitized at If the Contract is surrendered the end of the applicable time at the end of the applicable period or if the Contract is simply time period. kept in the accumulation phase. ---------------------------------------------------------------------------- Subaccounts 1 3 5 10 1 3 5 10 Year Years Years Years Year Years Years Years ------------------------------------------------------------------------------------------------------------------------------------ Emerging Leaders A $109 $172 $202 $406 $40 $121 $202 $406 --------------------------------------------------------------------------------- B $111 $177 $209 $419 $41 $126 $209 $419 ------------------------------------------------------------------------------------------------------------------------------------ Emerging Markets A $114 $187 $225 $449 $45 $136 $225 $449 --------------------------------------------------------------------------------- B $116 $191 $232 $461 $46 $140 $232 $461 ------------------------------------------------------------------------------------------------------------------------------------ European Equity A $106 $165 $190 $383 $37 $114 $190 $383 --------------------------------------------------------------------------------- B $108 $170 $197 $397 $39 $119 $197 $397 ------------------------------------------------------------------------------------------------------------------------------------ Founders Discovery A $109 $172 $201 $405 $40 $121 $201 $405 --------------------------------------------------------------------------------- B $111 $177 $208 $418 $41 $126 $208 $418 ------------------------------------------------------------------------------------------------------------------------------------ Founders Growth A $104 $158 $178 $360 $35 $107 $178 $360 --------------------------------------------------------------------------------- B $105 $162 $185 $374 $36 $111 $185 $374 ------------------------------------------------------------------------------------------------------------------------------------ Founders International Equity A $109 $172 $202 $406 $40 $121 $202 $406 --------------------------------------------------------------------------------- B $111 $177 $209 $419 $41 $126 $209 $419 ------------------------------------------------------------------------------------------------------------------------------------ Founders Passport A $109 $172 $202 $406 $40 $121 $202 $406 --------------------------------------------------------------------------------- B $111 $177 $209 $419 $41 $126 $209 $419 ------------------------------------------------------------------------------------------------------------------------------------ Japan A $109 $172 $202 $406 $40 $121 $202 $406 --------------------------------------------------------------------------------- B $111 $177 $209 $419 $41 $126 $209 $419 ------------------------------------------------------------------------------------------------------------------------------------ MidCap Stock A $104 $158 $178 $360 $35 $107 $178 $360 --------------------------------------------------------------------------------- B $105 $162 $185 $374 $36 $111 $185 $374 ------------------------------------------------------------------------------------------------------------------------------------ Technology Growth A $106 $164 $187 $379 $37 $113 $187 $379 --------------------------------------------------------------------------------- B $108 $168 $195 $392 $38 $117 $195 $392 ====================================================================================================================================
Table A and Table B will assist you in understanding the costs and expenses that you will bear, directly or indirectly. These include the year 2001 expenses of the underlying portfolios, including any fee waivers and/or expense reimbursements (said fee waivers and expense reimbursements are assumed to continue throughout the periods shown in the examples). In addition to the expenses listed above, premium taxes may be applicable. These examples should not be considered a representation of past or future expenses, and actual expenses may be greater or less than those shown. The assumed 5% annual return is hypothetical and should not be considered a representation of past or future annual returns, which may be greater or less than the assumed rate. In the examples, the $35 annual service charge is reflected as a charge of 0.0388% based on average account value of $90,209.00 (as of December 31, 2001). 5 Liquidity Rider The optional Liquidity Rider reduces the number of years each purchase payment is subject to surrender charges. You can only elect this rider at the time you purchase the contract. Surrender Schedule. The following schedule shows the surrender charges that ------------------ apply if the Liquidity Rider is elected: ---------------------------------------------------- Number of Years Since Surrender Charge Purchase Payment Date (as a percentage of purchase payment surrendered) ---------------------------------------------------- 0 - 1 7% 1 - 2 7% 2 - 3 6% 3 - 4 6% 4 or more 0% ---------------------------------------------------- Rider Fee. A rider fee equal to an effective annual rate of 0.40% of the daily --------- net asset value in the separate account is deducted in calculating the variable accumulation unit values. The rider fee is only charged for the first four contract years. In addition, fixed account crediting rates may be lower than those credited to the policy without the Liquidity Rider. Variable Accumulation Unit Values. After the end of the fourth contract year, --------------------------------- the 0.40% rider fee will no longer be assessed. We intend to administer the removal of the 0.40% charge by changing to a different class of variable accumulation units. This will result in adjusting the number of variable accumulation units and adjusting the unit value of the subaccounts in which you were invested at the end of the fourth contract year. The elimination of the fee and the adjustment in the number of variable accumulation units and unit values will not affect contract values. Performance Data. The Historical Performance Data in Appendix B to the ---------------- prospectus and in other marketing material does not reflect the fee for the Liquidity Rider. Performance figures would be lower if the fee were included. Termination. The rider is irrevocable. ----------- The Liquidity Rider may vary by state and may not be available in all states. 6 DREYFUS/TRANSAMERICA TRIPLE ADVANTAGE(R) VARIABLE ANNUITY Issued by TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY Supplement Dated November 11, 2002 to the Prospectus dated May 1, 2002 An optional "premium accelerator" rider is available at the time you buy your Dreyfus/Transamerica Triple Advantage(R) Variable Annuity. If you elect this rider, each purchase payment will receive a premium accelerator that Transamerica adds to your contract value. We may change the accelerator rate at any time. Under certain circumstances, you might forfeit (or lose) the premium accelerator. There is an extra charge for this rider. Generally, an annuity with a premium accelerator may have higher expenses than a similar annuity without a premium accelerator. Accordingly, you should always consider the expenses along with the features and optional benefits to be sure any annuity meets your financial needs and goals. All terms used that are not defined in this supplement shall have the same meanings as the same terms used in the prospectus. The premium accelerator rider may not be available in all states at the date of this supplement. Please contact Transamerica at (877) 717-8861 for additional information regarding the availability of the premium accelerator rider in your state. ================================================================================ ANNUITY CONTRACT FEE TABLE* ================================================================================ Contract Owner Transaction Expenses -------------------------------------------------------------------------------- Sales Load On Purchase Payments ........................................... 0 Maximum Surrender Charge (as a % of purchase payments surrendered)/(1)/ ......................... 9% Annual Service Charge/(2)/ ............................. $0 - $35 Per Contract Transfer Fee/(3)/ ................................................... $0 - $10 Optional Rider Fees: ------------------- Guaranteed Minimum Income Benefit Rider/(4)/ ........................... 0.45% (as an annual % of the minimum annuitization value on each contract anniversary) Tax Relief Rider/(5)/ .................................................. 0.25% (as an annual % of the account value on each rider anniversary) -------------------------------------------------------------------------------- Variable Account Annual Expenses (as a percentage of average account value) -------------------------------------------------------------------------------- Mortality and Expense Risk Charges/(6)/ ................................ 1.15% Administrative Charge .................................................. 0.15% ----- TOTAL VARIABLE ACCOUNT ANNUAL EXPENSES ...................................................... 1.30% Optional Separate Account Expenses: ---------------------------------- Double Enhanced Death Benefit/(7)/ ..................................... 0.15% Premium Accelerator Rider Fee/(8)/ 0.35% ----- TOTAL SEPARATE ACCOUNT ANNUAL EXPENSES WITH HIGHEST OPTIONAL SEPARATE ACCOUNT EXPENSES/(9)/ ......................................... 1.80% -------------------------------------------------------------------------------- Portfolio Annual Expenses/(10)/ (as a percentage of average net assets and after fee waivers and/or expense reimbursements) -------------------------------------------------------------------------------- Total Rule Portfolio Management Other 12b-1 Annual Fees Expenses Fees/(11)(12)/ Expenses -------------------------------------------------------------------------------- Transamerica Equity 0.75% 0.10% - 0.85% Appreciation 0.75% 0.10% 0.25% 1.10% Balanced/(13)/ 0.75% 0.16% 0.09% 1.00% Disciplined Stock/(13)/ 0.75% 0.13% 0.12% 1.00% ================================================================================ 1
=================================================================================================== ANNUITY CONTRACT FEE TABLE* (continued) =================================================================================================== Portfolio Annual Expenses/(10)/ (as a percentage of average net assets and after fee waivers and/or expense reimbursements) --------------------------------------------------------------------------------------------------- Total Rule Portfolio Management Other 12b-1 Annual Fees Expenses Fees/(11)(12)/ Expenses --------------------------------------------------------------------------------------------------- Growth and Income/(13)/ 0.75% 0.12% 0.14% 1.01% International Equity 0.75% 0.47% 0.25% 1.47% International Value/(13)/ 0.80% 0.60% 0.00% 1.40% Limited Term High Income/(13)/ 0.65% 0.25% 0.01% 0.91% Money Market 0.50% 0.08% - 0.58% Quality Bond 0.65% 0.11% 0.25% 1.01% Small Cap 0.75% 0.11% 0.25% 1.11% Small Company Stock 0.75% 0.39% 0.25% 1.39% Special Value/(13)/ 0.74% 0.24% 0.02% 1.00% Stock Index 0.25% 0.07% 0.25% 0.57% Socially Responsible Growth 0.75% 0.09% 0.25% 1.09% Core Bond/(13)/ 0.43% 0.30% 0.07% 0.80% Core Value/(13)/ 0.73% 0.27% 0.00% 1.00% Emerging Leaders/(13)/ 0.74% 0.65% 0.11% 1.50% Emerging Markets/(13)/ 0.00% 2.00% 0.00% 2.00% European Equity/(13)/ 0.81% 0.44% 0.00% 1.25% Founders Discovery/(13)/ 0.79% 0.62% 0.08% 1.49% Founders Growth/(13)/ 0.65% 0.35% 0.00% 1.00% Founders International Equity/(13)/ 0.28% 1.22% 0.00% 1.50% Founders Passport/(13)/ 0.00% 1.50% 0.00% 1.50% Japan/(13)/ 0.00% 1.50% 0.00% 1.50% MidCap Stock/(13)/ 0.75% 0.17% 0.08% 1.00% Technology Growth 0.75% 0.20% 0.25% 1.20% ===================================================================================================
*During the income phase the fees may be different than those described in the Fee Table. See Section 5, Expenses. /(1)/ The surrender charge, if any is imposed, applies to each contract, regardless of how account value is allocated among the variable account and the fixed account. The surrender charge is decreased based on the number of years since the purchase payment was made, from 9% in the year in which the purchase payment was made, to 0% in the tenth year after the purchase payment was made if you elect the premium accelerator rider. If applicable a surrender charge will only be applied to surrenders that exceed the amount available under certain listed exceptions. /(2)/ The service charge applies to the fixed account and the variable account, and is assessed on a pro rata basis relative to each account's account value as a percentage of the contract's total account value. The service charge is deducted on each contract anniversary and at the time of surrender. /(3)/ The transfer fee, if any is imposed, applies to each contract, regardless of how account value is allocated among the variable account and the fixed account. There is no fee for the first 18 transfers per year. For additional transfers, Transamerica may charge a fee of $10 per transfer, but currently does not charge for any transfers. /(4)/ The annual Guaranteed Minimum Income Benefit fee is 0.45% of the minimum annuitization value (as defined under "Guaranteed Minimum Income Benefit") and is deducted only during the accumulation phase. If you annuitize under the rider and elect the guaranteed minimum payment option, a guaranteed payment fee is deducted at an annual rate of 1.25%. See Section 5, Expenses. /(5)/ The annual Tax Relief Rider fee is 0.25% of the account value and is deducted only during the accumulation phase. /(6)/ The mortality and expense risk fee shown (1.15%) is for the "Return of Premium Death Benefit". /(7)/ The fee for the "Double Enhanced Death Benefit" is in addition to the mortality and expense risk fee of 1.15%. /(8)/ The fee is only deducted during the first nine contract years. 2 /(9)/ The Double Enhanced Death Benefit fee is included herein. The "Total Separate Account Annual Expenses" shown does not include optional rider fees except for the premium accelerator rider. Since the 0.35% fee for that rider is only deducted during the first nine contract years, the maximum Separate Account Annual Expenses after the first nine years is 1.45%. The mortality and expense risk fee and the administrative charge are applicable during the income phase of the Contract. /(10)/ The fee table information relating to the underlying funds is for the year 2001 (unless otherwise noted) and was provided to Transamerica by the underlying funds, their investment advisers or managers, and Transamerica has not and cannot independently verify the accuracy or completeness of such information. Actual expenses of the portfolios in future years and the current year may be greater or less than those shown in the Table. /(11)/ The Fees shown are for the Service Class Shares, except for the Money Market Portfolio and Transamerica Equity. Contracts purchased before January 22, 2001 generally are invested only in the Initial Class Shares. If you are invested in the Initial Class Shares of each portfolio, the Total Portfolio Annual Expenses would be lower, since the Initial Class Shares are not subject to a Rule 12b-1 Fee. Consult the portfolio prospectuses for more information. /(12)/ The Rule 12b-1 Fees deducted from the Service Class Shares of these portfolios cover certain distribution and shareholder support services provided by Transamerica Occidental Life Insurance Company selling contracts investing in those portfolios. The amount of the Rule 12b-1 Fee is 0.25% per year before any fee waivers and/or expense reimbursements. /(13)/ Total Portfolio Annual Expenses shown are net of any fee waiver and/or expense reimbursement. Without such waivers or reimbursement of expenses, the management fee, other expenses, 12b-1 fee, and Total Portfolio Annual Expenses would be as follows: 0.75%, 0.16%, 0.25%, 1.16% - Balanced; 0.75%, 0.13%, 0.25%, 1.13% - Disciplined Stock; 0.75%, 0.12%, 0.25%, 1.12% - Growth & Income; 1.00%, 0.74%, 0.25%, 1.99% - International Value; 0.65%, 0.25%, 0.25%, 1.15% - Limited Term High Income; 0.75%, 0.24%, 0.25%, 1.24% - Special Value; 0.60%, 0.30%, 0.25%, 1.15% - Core Bond; 0.75%, 0.27%, 0.25%, 1.27% - Core Value; 0.90%, 0.65%, 0.25%, 1.80% - Emerging Leaders; 1.25%, 4.14%, 0.25%, 5.64% - Emerging Markets; 1.00%, 0.52%, 0.25%, 1.77% - European Equity; 0.90%, 0.62%, 0.25%, 1.77% - Founders Discovery; 0.75%, 0.40%, 0.25%, 1.40% - Founders Growth; 1.00%, 1.30%, 0.25%, 2.55% - Founders International Equity; 1.00%, 2.81%, 0.25%, 4.06% - Founders Passport; 1.00%, 3.54%, 0.25%, 4.79% - Japan; and 0.75%, 0.17%, 0.25%, 1.17% - MidCap. 3 EXAMPLES - TABLE B You would pay the following expenses on a $1,000 investment, assuming a hypothetical 5% annual return on assets, assuming the entire account value is in the applicable subaccount, and assuming that the Guaranteed Minimum Income Benefit, the Tax Relief Rider, and the Premium Accelerator Rider have all been selected: The expenses reflect different mortality and expense risk fees depending on which death benefit you select: A = Return of Premium Death Benefit B = Double Enhanced Death Benefit
==================================================================================================================================== If the Contract is annuitized at If the Contract is surrendered the end of the applicable time at the end of the applicable period or if the Contract is simply time period. kept in the accumulation phase. ---------------------------------------------------------------------------- Subaccounts 1 3 5 10 1 3 5 10 Year Years Years Years Year Years Years Years ------------------------------------------------------------------------------------------------------------------------------------ Transamerica Equity A $121 $161 $215 $362 $33 $101 $172 $362 ---------------------------------------------------------------------------------- B $123 $165 $222 $376 $34 $105 $180 $376 ------------------------------------------------------------------------------------------------------------------------------------ Appreciation A $124 $168 $227 $385 $35 $108 $184 $385 ---------------------------------------------------------------------------------- B $126 $172 $234 $399 $37 $113 $192 $399 ------------------------------------------------------------------------------------------------------------------------------------ Balanced A $123 $165 $222 $376 $34 $105 $180 $376 ---------------------------------------------------------------------------------- B $125 $169 $229 $390 $36 $110 $187 $390 ------------------------------------------------------------------------------------------------------------------------------------ Disciplined Stock A $123 $165 $222 $376 $34 $105 $180 $376 ---------------------------------------------------------------------------------- B $125 $169 $229 $390 $36 $110 $187 $390 ------------------------------------------------------------------------------------------------------------------------------------ Growth and Income A $123 $165 $223 $377 $35 $106 $180 $377 ---------------------------------------------------------------------------------- B $125 $170 $230 $391 $36 $110 $187 $391 ------------------------------------------------------------------------------------------------------------------------------------ International Equity A $128 $179 $245 $418 $39 $119 $202 $418 ---------------------------------------------------------------------------------- B $130 $183 $252 $431 $41 $123 $209 $431 ------------------------------------------------------------------------------------------------------------------------------------ International Value A $127 $177 $241 $412 $38 $117 $199 $412 ---------------------------------------------------------------------------------- B $129 $181 $248 $425 $40 $121 $206 $425 ------------------------------------------------------------------------------------------------------------------------------------ Limited Term High Income A $122 $162 $218 $368 $34 $103 $175 $368 ---------------------------------------------------------------------------------- B $124 $167 $225 $382 $34 $107 $183 $382 ------------------------------------------------------------------------------------------------------------------------------------ Money Market A $118 $153 $202 $337 $30 $ 93 $159 $337 ---------------------------------------------------------------------------------- B $120 $157 $209 $351 $32 $ 97 $167 $351 ------------------------------------------------------------------------------------------------------------------------------------ Quality Bond A $123 $165 $223 $377 $35 $106 $180 $377 ---------------------------------------------------------------------------------- B $125 $170 $230 $391 $36 $110 $187 $391 ------------------------------------------------------------------------------------------------------------------------------------ Small Cap A $124 $168 $227 $386 $35 $109 $185 $386 ---------------------------------------------------------------------------------- B $126 $173 $235 $400 $37 $113 $192 $400 ------------------------------------------------------------------------------------------------------------------------------------ Small Company Stock A $127 $176 $241 $411 $38 $117 $198 $411 ---------------------------------------------------------------------------------- B $129 $181 $248 $424 $40 $121 $205 $424 ------------------------------------------------------------------------------------------------------------------------------------ Special Value A $123 $165 $222 $376 $34 $105 $180 $376 ---------------------------------------------------------------------------------- B $125 $169 $229 $390 $36 $110 $187 $390 ------------------------------------------------------------------------------------------------------------------------------------ Stock Index A $118 $152 $201 $336 $30 $ 93 $159 $336 ---------------------------------------------------------------------------------- B $120 $157 $209 $350 $32 $ 97 $166 $350 ------------------------------------------------------------------------------------------------------------------------------------ Socially Responsible Growth Fund A $124 $168 $227 $384 $35 $108 $184 $384 ---------------------------------------------------------------------------------- B $126 $172 $234 $398 $37 $112 $191 $398 ----------------------------------------------------------------------------------------------------------------------------------- Core Bond A $121 $159 $213 $358 $32 $100 $170 $358 ---------------------------------------------------------------------------------- B $122 $163 $220 $372 $34 $104 $177 $372 ------------------------------------------------------------------------------------------------------------------------------------ Core Value A $123 $165 $222 $376 $34 $105 $180 $376 ---------------------------------------------------------------------------------- B $125 $169 $229 $390 $36 $110 $187 $390 ------------------------------------------------------------------------------------------------------------------------------------ Emerging Leaders A $128 $180 $246 $421 $39 $120 $203 $421 ---------------------------------------------------------------------------------- B $130 $184 $253 $434 $41 $124 $210 $434 ------------------------------------------------------------------------------------------------------------------------------------ Emerging Markets A $134 $194 $269 $463 $44 $134 $227 $463 ---------------------------------------------------------------------------------- B $135 $198 $276 $475 $46 $139 $233 $475 ====================================================================================================================================
4 EXAMPLES - TABLE B - continued...
==================================================================================================================================== If the Contract is annuitized at If the Contract is surrendered the end of the applicable time at the end of the applicable period or if the Contract is simply time period. kept in the accumulation phase. ---------------------------------------------------------------------------- Subaccounts 1 3 5 10 1 3 5 10 Year Years Years Years Year Years Years Years ------------------------------------------------------------------------------------------------------------------------------------ European Equity A $126 $172 $234 $399 $37 $113 $192 $399 ---------------------------------------------------------------------------------- B $127 $177 $241 $412 $38 $117 $199 $412 ------------------------------------------------------------------------------------------------------------------------------------ Founders Discovery A $128 $179 $245 $420 $39 $120 $203 $420 ---------------------------------------------------------------------------------- B $130 $184 $252 $433 $41 $124 $210 $433 ------------------------------------------------------------------------------------------------------------------------------------ Founders Growth A $123 $165 $222 $376 $34 $105 $180 $376 ---------------------------------------------------------------------------------- B $125 $169 $229 $390 $36 $110 $187 $390 ------------------------------------------------------------------------------------------------------------------------------------ Founders International Equity A $128 $180 $246 $421 $39 $120 $203 $421 ---------------------------------------------------------------------------------- B $130 $184 $253 $434 $41 $124 $210 $434 ------------------------------------------------------------------------------------------------------------------------------------ Founders Passport A $128 $180 $246 $421 $39 $120 $203 $421 ---------------------------------------------------------------------------------- B $130 $184 $253 $434 $41 $124 $210 $434 ------------------------------------------------------------------------------------------------------------------------------------ Japan A $128 $180 $246 $421 $39 $120 $203 $421 ---------------------------------------------------------------------------------- B $130 $184 $253 $434 $41 $124 $210 $434 ------------------------------------------------------------------------------------------------------------------------------------ MidCap Stock A $123 $165 $222 $376 $34 $105 $180 $376 ---------------------------------------------------------------------------------- B $125 $169 $229 $390 $36 $110 $187 $390 ------------------------------------------------------------------------------------------------------------------------------------ Technology Growth A $125 $171 $232 $394 $36 $111 $189 $394 ---------------------------------------------------------------------------------- B $127 $175 $239 $408 $38 $116 $196 $408 ====================================================================================================================================
Table A and Table B will assist you in understanding the costs and expenses that you will bear, directly or indirectly. These include the year 2001 expenses of the underlying portfolios, including any fee waivers and/or expense reimbursements (said fee waivers and expense reimbursements are assumed to continue throughout the periods shown in the examples). In addition to the expenses listed above, premium taxes may be applicable. These examples should not be considered a representation of past or future expenses, and actual expenses may be greater or less than those shown. The assumed 5% annual return is hypothetical and should not be considered a representation of past or future annual returns, which may be greater or less than the assumed rate. In the examples, the $35 annual service charge is reflected as a charge of 0.0388% based on average account value of $90,209.00 (as of December 31, 2001). 5 Premium Accelerator Rider You may only elect the premium accelerator rider at the time you buy your contract. If you elect the premium accelerator rider at issue, the initial purchase payment and each subsequent purchase payment will receive a premium accelerator which is added to the account value. The premium accelerator is currently 3.00%; however, we may change the accelerator rate at any time. The amount of the premium accelerator is not considered a purchase payment and therefore may not be included in the calculation of certain contract features. No premium accelerator will apply if the contract is canceled pursuant to the right to cancel provision. Transamerica may take back or "recapture" the full dollar amount of any premium accelerator upon the occurrence of any of the following events: . exercise of the right to cancel option; . exercise of the Nursing Care and Terminal Condition Withdrawal Option or the Unemployment Waiver within one year from the time we apply the premium accelerator; . a death benefit is payable within one year from the time we apply the premium accelerator; or . annuitization within one year from the time we apply the premium accelerator. In certain unusual circumstances, you might be worse off because of the premium accelerator. This could happen if we recapture the dollar amount of the premium accelerator and the overall investment performance of your contract is negative (if the overall investment performance of your contract is positive you would be better off). This could also happen if the market does not perform well enough to offset the additional costs associated with the premium accelerator. Rider Fee. There is a daily charge for the premium accelerator at an annual rate --------- of 0.35% of the assets in each subaccount, but this fee is only deducted for the first nine contract years. Also, fixed account crediting rates may be lower than those credited to the contract without the premium accelerator rider. In addition to this fee, the surrender charge is higher and lasts longer if you elect the rider. In addition to the Rider Fee, Transamerica may use a portion of the mortality and expense risk fee, administrative charge and/or the surrender charge to pay the premium accelerator. See Sections 5, EXPENSES and Section 6, ACCESS TO YOUR MONEY in the prospectus. The following schedule shows the surrender charges that apply during the nine years following payment of each purchase payment if you elect the premium accelerator rider: ---------------------------------------------------------------- Surrender Charge Number of Years (as a percentage of Since Purchase purchase payment Payment Date surrendered) ---------------------------------------------------------------- 0-1 9% 1-2 8% 2-3 7% 3-4 6% 4-5 5% 5-6 4% 6-7 3% 7-8 2% 8-9 1% 9 or more 0 --------------------------------- ------------------------------ Other. You cannot elect both the Liquidity Share rider and the premium ----- accelerator rider. Termination. The rider is irrevocable. ----------- The premium accelerator rider may vary for certain contracts and may not be available for all contracts. 6 PART C Other Information Item 24. Financial Statements and Exhibits (a) Financial Statements All required financial statements are included in Parts A and B of this Registration Statement. (b) Exhibits (1) Resolution of the Board of Directors of Transamerica Occidental Life Insurance Company ("Transamerica") authorizing establishment of the Variable Account. (1) (2) Not Applicable. (3) (a) Master Agreement among Transamerica Occidental Life Insurance Company, First Transamerica Life Insurance, Transamerica Financial Resources, Inc., Dreyfus Service Corporation, and Dreyfus Service Organization, Inc. (4) (b) Principal Agency Agreement between Transamerica Occidental Life Insurance Company and Dreyfus Service Organization, Inc. (4) (c) Distribution Agreement between Transamerica Occidental Life Insurance Company and Dreyfus Service Corporation. (4) (d) Form of Sales Agreement among Dreyfus Service Corporation, Dreyfus Service Organization, Inc., and Broker-Dealers. (4) (e) Amendment Dated as of August 31, 1993, to Master Agreement among Transamerica Occidental Life Insurance Company, First Transamerica Life Insurance Company, Transamerica Financial Resources, Inc., Dreyfus Service Corporation and Dreyfus Service Organization, Inc. (6) (f) Amendment Dated as of August 31, 1993 to Principal Agency Agreement between Transamerica Occidental Life Insurance Company and Dreyfus Service Organization, Inc. (6) (g) Amendment Dated as of August 31, 1993 to Distribution Agreement between Transamerica Occidental Life Insurance Company and Dreyfus Service Corporation. (6) (h) Distribution Agreement between Transamerica Occidental Life Insurance Company and Transamerica Insurance Securities Sales Corporation, dated as of August 24, 1994. (8) (i) Sales Agreement among Transamerica Insurance Securities Sales Corporation, Transamerica Occidental Life Insurance Company, First Transamerica Life Insurance Company, Dreyfus Service Corporation, and Dreyfus Service Organization, Inc., dated as of August 24, 1994. (8) (j) Services Agreement among Transamerica Occidental Life Insurance Company, First Transamerica Life Insurance Company, Transamerica Insurance Securities Sales Corporation, Dreyfus Service Corporation, and Dreyfus Service Organization, Inc., dated as of August 24, 1994. (8) (k) Services Agreement among Transamerica Occidental Life Insurance Company, First Transamerica Life Insurance Company, Transamerica Insurance Securities Sales Corporation, Dreyfus Service Corporation, and Dreyfus Service Organization, Inc., dated as of August 24, 1994. (8) (l) Form of Sales Agreement between Transamerica Occidental Life Insurance Company, Transamerica Life Insurance and Annuity Company, First Transamerica Life Insurance Company and Transamerica Securities Sales Corporation. (10) (m) Principal Underwriting Agreement by and between Transamerica Occidental Life Insurance Company, on its own behalf and on the behalf of Mutual Fund Account, and AFSG Securities Corporation. (18) (n) Form of Amendment to Principal Underwriting Agreement. (25) (4) Group Contract Form, Certificate Form, Individual Contract Form and Endorsements. (a) Contract form and Endorsements. (5) (i) Form of Flexible Purchase Payment Multi-Funded Deferred Master Group Annuity Contract. (5) (ii) Form of Automatic Payout Option Endorsement to Group Contract. (5) (iii) Form of Dollar Cost Averaging Option Endorsement to Group Contract. (5) (iv) Form of Systematic Withdrawal Option Endorsement to Group Contract. (5) (v) Form of Guaranteed Minimum Death Benefit Endorsement to Group Contract. (5) (vi) Form of Fixed Account Rider to Group Contract. (7) (vii) Form of Tax Relief Rider. (21) (b) Certificate of Participation Form and Endorsements. (5) (i) Form of Certificate of Participation. (5) (ii) Form of IRA Endorsement to Certificate. (5) (iii) Form of Dollar Cost Averaging Option Endorsement to Certificate. (5) (iv) Form of Systematic Withdrawal Option Endorsement to Certificate. (5) (v) Form of Automatic Payout Option Endorsement to Certificate. (5) (vi) Form of Benefit Distribution Endorsement to Certificate. (5) (vii) Form of Death Benefit Endorsement to Group Contract. (14) (viii) Form of Individual Purchase Payment Endorsement. (14) (ix) Form of Guaranteed Minimum Income Builder Rider. (14) (x) Form of Tax Relief Rider.(21) (c) Individual Contract Form and Endorsements. (6) (i) Form of Flexible Purchase Payment Multi-Funded Deferred Individual Annuity Contract. (6) (ii) Form of IRA Endorsement to Individual Contract. (6) (iii) Form of Benefit Distribution Endorsement. (6) (iv) Form of Dollar Cost Averaging Option Endorsement to Individual Contract. (6) (v) Form of Systematic Withdrawal Option Endorsement to Individual Contract. (6) (vi) Form of Automatic Payout Option Endorsement to Individual Contract. (6) (vii) Form of Guaranteed Minimum Death Benefit Endorsement to Individual Contract. (6) (viii) Form of Fixed Account Rider to Individual Contract. (7) (x) Form of Death Benefit Endorsement. (14) (xi) Form of Initial Purchase Payment Endoresment. (14) (xii) Form of Guaranteed Minimum Income Benefit Rider. (14) (xiii) Form of Tax Relief Rider.(21) (d) Form of Individual Contract and Endorsements. (26) (d) (1) Form of Liquidity Rider. (26) (d) (2) Form of Premium Enhancement Rider. (27) (5) (a) Form of Application for and Acceptance of Group Annuity Contract. (5) (b) Form of Application for Enrollment under Group Annuity Contract. (5) (c) Form of Application for Individual Annuity Contract. (6) (d) Form of Application for Individual Contract. (26) (6) (a) Restated Articles of Incorporation of Transamerica. (1) (a)(1) Articles of Redomestication and Reincorporation of Transamerica Occidental Life Insurance Company. (16) (b) Restated By-Laws of Transamerica. (1) (b)(1) Amended and Restated By-Laws of Transamerica Occidental Life Insurance Company. (16) (7) Not Applicable. (8) (a) Participation Agreement between Transamerica Occidental Life Insurance Company and Dreyfus Variable Investment Fund. (4) (b) Participation Agreement between Transamerica Occidental Life Insurance Company and Dreyfus Life and Annuity Index Fund, Inc. (4) (c) Participation Agreement between Transamerica Occidental Life Insurance Company and The Dreyfus Socially Responsible Growth Fund, Inc. (6) (d) Administrative Services Agreement between Transamerica Occidental Life Insurance Company and Vantage Computer Systems, Inc. (4) (e) Amendment Dated as of August 31, 1993 to Participation Agreement between Transamerica Occidental Life Insurance Company and Dreyfus Variable Investment Fund. (6) (f) Amendment Dated as of August 31, 1993 to Participation Agreement between Transamerica Occidental Life Insurance Company and Dreyfus Life and Annuity Index Fund, Inc. (6) (g) Amendment Dated as of August 24, 1994 to Participation Agreement Dated as of March 3, 1993, As Amended, between Transamerica Occidental Life Insurance Company and Dreyfus Variable Investment Fund. (8) (g)(1) Fund Participation Agreement (Dreyfus). (19) (2) Amendment to Fund Participation Agreement. (19) (h) Amendment Dated as of August 24, 1994 to Participation Agreement Dated as of August 31, 1993 between Transamerica Occidental Life Insurance Company and Dreyfus Socially Responsible Growth Fund, Inc. (8) (i) Amendment Dated as of August 24, 1994 to Participation Agreement Dated as of March 3, 1993, As Amended, between Transamerica Occidental Life Insurance Company and Dreyfus Stock Index Fund. (8) (j) Form of Participation Agreement (Transamerica). (20) (8) (k) Participation Agreement among WRL Series Fund, Inc., Western Reserve Life Assurance co. of Ohio, and PFL Life Insurance Company. Note 22 (8) (k) (1) Amendment No. 16 to Participation Agreement among WRL Series fund, Inc., PFL Life Insurance company, AUSA Life Insurance Company, Inc., Peoples Benefit Life Insurance Company and Transamerica Occidental Life Insurance Company. Note 23 (8) (k) (2) Amendment No. 17 to Participation Agreement among WRL Series Fund, Inc., Transamerica Life Insurance Company, AUSA Life Insurance Company, Inc., Peoples Benefit Life Insurance Company and Transamerica Occidental Life Insurance Company. Note 24 (8) (k) (3) 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 26 (9) (a) Opinion and Consent of Counsel. (9) (b) Consent of Counsel. (11) (10) (a) Consent of Independent Auditors. (25) (b) Opinion and Consent of Actuary. (26) (11) No financial statements are omitted from item 23. (12) Not applicable. (13) Performance Data Calculations. (6) (14) Not applicable. (15) Powers of Attorney. Frank Beardsley (12) Richard N. Latzer (15) Thomas J. Cusak (11) Karen MacDonald (15) James W. Dederer (15) Gary U. Rolle' (15) Paul E. Rutledge III (15) T. Desmond Sugrue (11) George A. Foegele (15) Nooruddin S. Veerjee (15) David E. Gooding (15) Robert A. Watson (11) Edgar H. Grubb (11) Frank C. Herringer (11) Patrick S. Baird (15) Brenda K. Clancy (15) Douglas C. Kolsrud (15) Craig D. Vermie (15) Ron F. Wagley (17) Bruce Clark (17) Christopher H. Garrett (26) Diane Meiners (26) (1) Filed with initial filing of this form N-4 Registration Statement, File No. 33-49998 (July 24, 1992). (2) Incorporated by reference to Exhibit 7(c) of Post-Effective Amendment No.1 to the Registration Statement of Transamerica Occidental Life Insurance Company's Separate Account VL on Form S-6, File No. 33-28107 (April 30, 1990) (3) Incorporated by reference to Exhibit 7(d) of Post-Effective Amendment No. 2 to the Registration Statement of Transamerica Occidental Life Insurance Company's Separate Account VL on Form S-6, File No. 33-28107 (April 30, 1991) (4) Filed with Post-Effective Amendment No. 1 to this Form N-4 Registration Statement, File No. 33-49998 (April 30, 1993). (5) Filed with Post-Effective Amendment No. 3 to this Form N-4 Registration Statement, File No. 33-49998 (March 8, 1994). (6) Filed with Post-Effective Amendment No. 4 to this Form N-4 Registration Statement, File No. 33-49998 (April 29, 1994). (7) Filed with Post-Effective Amendment No. 5 to this Form N-4 Registration Statement, File No. 33-49998 (March 1, 1995). (8) Filed with Post-Effective Amendment No. 6 to this Form N-4 Registration Statement File No. 33-49998 (April 28, 1995). (9) Filed with Post-Effective Amendment No. 7 to this Form N-4 Registration Statement File No. 33-49998 (April 26, 1996). (10) Filed with Post-Effective Amendment No. 8 to this Form N-4 Registration Statement File No. 33-49998 (April 28, 1997). (11) Filed with Post-Effective Amendment No. 9 to this Form N-4 Registration Statement file No. 33-49998 (April 28, 1998). (12) Filed with Post-Effective Amendment No. 10 to this Form N-4 Registration Statement file No. 33-49998 (February 26, 1999). (13) Filed with Post-Effective Amendment No. 11 to this Form N-4 Registration Statement file No. 33-49998 (April 28, 1999). (14) Filed with Post-Effective Amendment No. 13 to this Form N-4 Registration Statement file No. 33-49998 (December 6, 1999). (15) Filed with Post-Effective Amendment No. 14 to this Form N-4 Registration Statement file No 33-49998 (April 28, 2000) (16) Filed with Post-Effective Amendment No 16 to this Form N-4 Registration Statement file No. 33-49998 (February 9, 2001) (17) Filed with Post-Effective Amendment No. 17 to this Form N-4 Registration Statement file No. 33-49998 (April 27, 2001) (18) Incorporated by reference to the Initial Filing of Form S-6 Registration Statement (File No. 333-91851) filed on November 30, 1999. (19) Incorporated by reference to Pre-Effective Amendment No. 1 to N-4 Registration Statement (File No. 333-63086) filed on September 13, 2001. (20) Incorporated by reference to Post-Effective Amendment No. 26 to N-4 Registration Statement (file No. 33-33085) filed on October 2, 2001. (21) Filed with Post-Effective Amendment No. 18 to this Form N-4 Registration Statement (File No. 33-49998) filed on January 18, 2002. (22) Incorporated herein by reference to Post-Effective Amendment No. 1 to form N-4 Registration Statement (File No. 333-7509) on April 29, 1998. (23) Incorporated herein by reference to Initial Filing to form N-4 Registration Statement (File No. 333-62738) on June 11, 2001. (24) Incorporated herein by reference to Post-Effective Amendment No. 25 to Form N-4 Registration Statement (file No. 33-33085) on April 27, 2001. (25) Filed with Post Effective Amendment No. 21 to this Form N-4 Registration Statement (File No. 33-49998) filed on April 29, 2002. (26) Filed herewith. (27) To be filed by Amendment. Item 25. List of Directors and Officers of the Depositor Principal Positions and Name Offices with Depositor ---- ---------------------- Christopher H. Garrett Director Ron F. Wagley Director, President Brenda K. Clancy Director, Senior Vice President, Corporate Diane Meiners Director, Vice President and Treasurer Craig D. Vermie Director, Vice President and Counsel, Corporate Bruce Clark Chief Financial Officer and Senior Vice President Frank A. Camp Vice President and Financial Markets Division General Counsel Item 26. Persons Controlled by or under Common Control With the Depositor or Registrant.
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business AEGON USA, Inc. Iowa AEGON U.S. Holding Corporation, Holding company AEGON U.S. Corporation RCC North America, L.L.C. Delaware 100% AEGON USA, Inc. Real estate Transamerica Holding Company, L.L.C. Delaware 100% AEGON USA, Inc. Holding Company AEGON Funding Corp. Delaware 100% Transamerica Holding Company, Issue debt L.L.C. securities-net proceeds used to make loans to affiliates First AUSA Life Insurance Company Maryland 100% Transamerica Holding Company, Insurance holding L.L.C. company AUSA Life Insurance Company, Inc. New York 100% First AUSA Life Insurance Insurance Company Life Investors Insurance Company of Iowa 100% First AUSA Life Ins. Co. Insurance America Apple Partners of Iowa, L.L.C. Iowa 100% LICCA Apple production, packing, storage and sales Life Investors Alliance, LLC Delaware 100% LIICA Purchase, own, and hold the equity interest of other entities Transamerica Life Insurance Company Iowa 100% First AUSA Life Ins. Co. Insurance AEGON Financial Services Group, Inc. Minnesota 100% Transamerica Life Insurance Marketing Co. AEGON Assignment Corporation of Kentucky 100% AEGON Financial Services Administrator of Kentucky Group, Inc. structured settlements AEGON Assignment Corporation Illinois 100% AEGON Financial Services Administrator of Group, Inc. structured settlements Transamerica Financial Minnesota 100% AEGON Financial Services Life insurance and Institutions, Inc. Group, Inc. underwriting services Southwest Equity Life Ins. Co. Arizona 100% of Common Voting Stock First Insurance AUSA Life Ins. Co.
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Iowa Fidelity Life Insurance Co. Arizona 100% of Common Voting Stock First Insurance AUSA Life Ins. Co. Western Reserve Life Assurance Co. Ohio 100% First AUSA Life Ins. Co. Insurance of Ohio WRL Insurance Agency, Inc. California 100% Western Reserve Life Insurance Agency Assurance Co. of Ohio WRL Insurance Agency of Alabama, Alabama 100% WRL Insurance Agency, Inc. Insurance Agency Inc. WRL Insurance Agency of Massachusetts 100% WRL Insurance Agency, Inc. Insurance Agency Massachusetts, Inc. WRL Insurance Agency of Nevada, Inc. Nevada 100% WRL Insurance Agency, Inc. Insurance Agency WRL Insurance Agency of Texas, Inc. Texas Record shareholder Daniel DeMarco Insurance Agency WRL Insurance Agency of Wyoming Wyoming 100% WRL Insurance Agency, Inc. Insurance Agency AEGON/Transamerica Series Fund, Inc. Maryland Various Mutual fund AEGON/Transamerica Fund Services, Florida 100% Western Reserve Life Provides administration Inc. Assurance Co. of Ohio for affiliated mutual fund AEGON/Transamerica Fund Advisors, Florida 100% Western Reserve Life Registered investment Inc. Assurance Co. of Ohio advisor World Financial Group Insurance California 100% Western Reserve Life Insurance agency Agency, Inc. Assurance Co. of Ohio World Financial Group Insurance Alabama 100% World Financial Group Insurance Agency Agency of Alabama, Inc. Insurance Agency, Inc. World Financial Group Insurance Ohio 100% World Financial Group Insurance agency Agency of Ohio, Inc. Insurance Agency, Inc. World Financial Group Insurance Massachusetts 100% World Financial Group Insurance Agency Agency of Massachusetts, Inc. Insurance Agency, Inc. WFG Insurance Agency of Texas, Inc. Texas Record Shareholder Jack Linder Insurance Agency World Financial Group Insurance Hawaii 100% World Financial Group Insurance Agency Agency of Hawaii, Inc. Insurance Agency, Inc.
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business World Financial Group Insurance Nevada 100% World Financial Group Insurance Agency Agency of Nevada, Inc. Insurance Agency, Inc. World Financial Group Insurance New Mexico 100% World Financial Group Insurance Agency Agency of New Mexico, Inc. Insurance Agency, Inc. World Financial Group Insurance Wyoming 100% World Financial Group Insurance Agency Agency of Wyoming Insurance Agency, Inc. AEGON Equity Group, Inc. Florida 100% Western Reserve Life Insurance Agency Assurance Co. of Ohio Monumental General Casualty Co. Maryland 100% First AUSA Life Ins. Co. Insurance United Financial Services, Inc. Maryland 100% First AUSA Life Ins. Co. General agency Bankers Financial Life Ins. Co. Arizona 100% First AUSA Life Ins. Co. Insurance The Whitestone Corporation Maryland 100% First AUSA Life Ins. Co. Insurance agency Cadet Holding Corp. Iowa 100% First AUSA Life Insurance Holding company Company Monumental General Life Insurance Puerto Rico 51% First AUSA Life Insurance Insurance Company of Puerto Rico Company 49% Baldrich & Associates of Puerto Rico AUSA Holding Company Maryland 100% Transamerica Holding Company Holding company Monumental General Insurance Group, Maryland 100% AUSA Holding Co. Holding company Inc. Trip Mate Insurance Agency, Inc. Kansas 100% Monumental General Insurance Sale/admin. of travel Group, Inc. insurance Monumental General Administrators, Maryland 100% Monumental General Insurance Provides management Inc. Group, Inc. srvcs. to unaffiliated third party administrator National Association Management And Maryland 100% Monumental General Provides actuarial Consultant Services, Inc. Administrators, Inc. consulting services Monumental General Mass Marketing, Maryland 100% Monumental General Insurance Marketing arm for sale Inc. Group, Inc. of mass marketed insurance coverages Transamerica Capital, Inc. California 100% AUSA Holding Co. Broker/Dealer
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Universal Benefits Corporation Iowa 100% AUSA Holding Co. Third party administrator Investors Warranty of America, Inc. Iowa 100% AUSA Holding Co. Provider of automobile extended maintenance contracts Massachusetts Fidelity Trust Co. Iowa 100% AUSA Holding Co. Trust company Money Services, Inc. Delaware 100% AUSA Holding Co. Provides financial counseling for employees and agents of affiliated companies ADB Corporation, L.L.C. Delaware 100% Money Services, Inc. Special purpose limited Liability company ORBA Insurance Services, Inc. California 26.91% Money Services, Inc. Insurance agency Great Companies L.L.C. Iowa 30% Money Services, Inc. Markets & sells mutual funds & individually managed accounts AEGON USA Travel and Conference Iowa 100% Money Services Travel and Conference Services, L.L.C. Services Roundit, Inc. Maryland 50% AUSA Holding Co. Financial services Zahorik Company, Inc. California 100% AUSA Holding Co. Broker-Dealer ZCI, Inc. Alabama 100% Zahorik Company, Inc. Insurance agency Zahorik Texas, Inc. Texas 100% Zahorik Company, Inc. Insurance agency Long, Miller & Associates, L.L.C. California 33-1/3% AUSA Holding Co. Insurance agency AEGON Asset Management Services, Delaware 100% AUSA Holding Co. Registered investment Inc. advisor World Group Securities, Inc. Delaware 100% AEGON Asset Management Broker-Dealer Services, Inc. World Financial Group, Inc. Delaware 100% AEGON Asset Management Marketing Services, Inc. Intersecurities, Inc. Delaware 100% AUSA Holding Co. Broker-Dealer Associated Mariner Financial Group, Michigan 100% Intersecurities, Inc. Holding co./management Inc. services
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Associated Mariner Ins. Agency of Massachusetts 100% Associated Mariner Agency, Insurance agency Massachusetts, Inc. Inc. Associated Mariner Agency Ohio, Inc. Ohio 100% Associated Mariner Agency, Insurance agency Inc. Associated Mariner Agency Texas, Texas 100% Associated Mariner Agency, Insurance agency Inc. Inc. PIA General Partner, Inc. Delaware 100% AUSA Holding Company General Partner to PIA 2001-A, L.P. PIA 2001-A, L.P. Delaware PIA General, Inc. is the General Private placement Partner investment limited partnership Idex Investor Services, Inc. Florida 100% AUSA Holding Co. Shareholder services Idex Management, Inc. Delaware 100% AUSA Holding Co. Investment advisor IDEX Mutual Funds Massachusetts Various Mutual fund Diversified Investment Advisors, Delaware 100% AUSA Holding Co. Registered investment Inc. advisor Diversified Investors Securities Delaware 100% Diversified Investment Broker-Dealer Corp. Advisors, Inc. George Beram & Company, Inc. Massachusetts 100% Diversified Investment Employee benefit and Advisors, Inc. actuarial consulting Creditor Resources, Inc. Michigan 100% AUSA Holding Co. Credit insurance CRC Creditor Resources Canadian Canada 100% Creditor Resources, Inc. Insurance agency Dealer Network Inc. Premier Solutions Group, Inc. Maryland 100% Creditor Resources, Inc. Insurance agency AEGON USA Investment Management, Iowa 100% Transamerica Holding Company, Investment advisor LLC. L.L.C. AEGON USA Realty Advisors, Inc. Iowa 100% AUSA Holding Co. Provides real estate administrative and real estate investment services AEGON USA Real Estate Services, Inc. Delaware 100% AEGON USA Realty Advisors, Real estate and Inc. mortgage holding company
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business QSC Holding, Inc. Delaware 100% AEGON USA Realty Advisors, Real estate and Inc. financial software production and sales Realty Information Systems, Inc. Iowa 100% AEGON USA Realty Advisors, Inc Information Systems for real estate investment management USP Real Estate Investment Trust Iowa 12.89% First AUSA Life Ins. Co. Real estate investment 13.11% PFL Life Ins. Co. trust 4.86% Bankers United Life Assurance Co. RCC Properties Limited Partnership Iowa AEGON USA Realty Advisors, Inc. is Limited Partnership General Partner and 5% owner Commonwealth General Corporation Delaware 100% AEGON U.S. Corporation Holding company ("CGC") AFSG Securities Corporation Pennsylvania 100% CGC Broker-Dealer Benefit Plans, Inc. Delaware 100% CGC TPA for Peoples Security Life Insurance Company AEGON Alliances, Inc. Virginia 100% Benefit Plans, Inc. General agent Capital 200 Block Corporation Delaware 100% CGC Real estate holdings AEGON Structured Settlements, Inc. Kentucky 100% CGC Administrator of structured settlements AEGON Institutional Markets, Inc. Delaware 100% CGC Provider of investment, marketing and admin. Services to ins. cos. Ampac Insurance Agency, Inc. Pennsylvania 100% CGC Provider of management (EIN 23-1720755) support services Compass Rose Development Corporation Pennsylvania 100% Ampac Insurance Agency, Inc. Special-purpose subsidiary Financial Planning Services, Inc. Dist. Columbia 100% Ampac Insurance Agency, Inc. Special-purpose subsidiary Frazer Association Consultants, Inc. Illinois 100% Ampac Insurance Agency, Inc. TPA license-holder
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business National Home Life Corporation Pennsylvania 100% Ampac Insurance Agency, Inc. Special-purpose subsidiary Valley Forge Associates, Inc. Pennsylvania 100% Ampac Insurance Agency, Inc. Furniture & equipment lessor Veterans Benefits Plans, Inc. Pennsylvania 100% Ampac Insurance Agency, Inc. Administrator of group insurance programs Veterans Insurance Services, Inc. Delaware 100% Ampac Insurance Agency, Inc. Special-purpose subsidiary Academy Insurance Group, Inc. Delaware 100% CGC Holding company Academy Life Insurance Co. Missouri 100% Academy Insurance Group, Inc. Insurance company Pension Life Insurance Company of New Jersey 100% Academy Life Insurance Company Insurance company America FED Financial, Inc. Delaware 100% Academy Insurance Group, Inc. Special-purpose subsidiary Ammest Massachusetts Insurance Massachusetts 100% Academy Insurance Group, Inc. Special-purpose Agency, Inc. subsidiary Ammest Realty, Inc. Pennsylvania 100% Academy Insurance Group, Inc. Special-purpose subsidiary Ampac, Inc. Texas 100% Academy Insurance Group, Inc. Managing general agent Ampac Insurance Agency, Inc. Pennsylvania 100% Academy Insurance Group, Inc. Special-purpose (EIN 23-2364438) subsidiary Force Financial Group, Inc. Delaware 100% Academy Insurance Group, Inc. Special-purpose subsidiary Force Financial Services, Inc. Massachusetts 100% Force Fin. Group, Inc. Special-purpose subsidiary Military Associates, Inc. Pennsylvania 100% Academy Insurance Group, Inc. Special-purpose subsidiary NCOAA Management Company Texas 100% Academy Insurance Group, Inc. Special-purpose subsidiary NCOA Motor Club, Inc. Georgia 100% Academy Insurance Group, Inc. Automobile club Unicom Administrative Services, Inc. Pennsylvania 100% Academy Insurance Group, Inc. Provider of admin. services
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Unicom Administrative Services, GmbH Germany 100%Unicom Administrative Provider of admin. Services, Inc. services Capital General Development Delaware 100% CGC Holding company Corporation Monumental Life Insurance Company Maryland 73.23% Capital General Development Insurance company Company 26.77% First AUSA Life Insurance Company Exchange Management Services, Inc. Missouri 100% Monumental Life Insurance Management company Company AEGON Direct Marketing Services, Maryland 100% Monumental Life Insurance Marketing company Inc. Company Peoples Benefit Life Insurance Iowa 3.7% CGC Insurance company Company 20.0% Capital Liberty, L.P. 76.3% Monumental Life Insurance Company Veterans Life Insurance Co. Illinois 100% Transamerica Holding Company, Insurance company L.L.C. Peoples Benefit Services, Inc. Pennsylvania 100% Veterans Life Ins. Co. Special-purpose subsidiary Coverna Direct Insurance Insurance Maryland 100% Peoples Benefit Life Insurance agency Agency, Inc. Insurance Company Ammest Realty Corporation Texas 100% Monumental Life Insurance Special purpose Company subsidiary JMH Operating Company, Inc. Mississippi 100% Peoples Benefit Life Real estate holdings Insurance Company Capital Liberty, L.P. Delaware 99.0% Monumental Life Insurance Holding Company Company 1.0% CGC Consumer Membership Services, Inc. Delaware 100% Commonwealth General Credit Card Protection Corporation Global Premier Reinsurance Company, British Virgin 100% Commonwealth General Insurance and LTD. Islands Corporation Reinsurance company Health Benefits Services, Inc. Delaware 100% Commonwealth General Health discount plan Corporation Quest Membership Services, Inc. Delaware 100% Commonwealth General Travel discount plan Corporation
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Stonebridge Group, Inc. Delaware 100% Commonwealth General General purpose Corporation corporation J.C. Penney Life Insurance Vermont 100% Commonwealth General Insurance Corporation Corporation Stonebridge Insurance Company Wisconsin 100% J.C. Penney Life Insurance Insurance Company Insurance Consultants, Inc. Nebraska 100% Commonwealth General Brokerage Corporation ICON Partners Limited United Kingdom 100% Insurance Consultants, Inc. Marketing company J.C. Penney Casualty Insurance Ohio 100% Commonwealth General Insurance Company Corporation AEGON N.V. Netherlands 51.27% of Vereniging Holding Company AEGON Netherlands Membership Association Groninger Financieringen B.V. Netherlands Held through AEGON Nevak Holding Holding Company B.V. AEGON Nederland N.V. Netherlands 100% AEGON N.V. Holding Company AEGON Nevak Holding B.V. Netherlands 100% AEGON N.V. Holding Company AEGON Derivatives Netherlands 100% AEGON N.V. Holding Company AEGON International N.V. Netherlands 100% AEGON N.V. Holding Company AEGON Trust Advisory Board Members: Delaware 100% AEGON International N.V. Manage assets of AEGON K.J.Storm U.S. Holding Corporation Donald J. Shepard Joseph Streppel Dennis Hersch AEGON U.S. Holding Corporation Delaware 100% AEGON Trust Holding company AEGON DMS Holding B.V. Netherlands 100% AEGON International N.V. Holding company JCPenney Financial & Marketing Korea 100% AEGON DMS Holding B.V. Marketing Services Group LTD JCPenney Direct Marketing Services Japan 100% AEGON DMS Holding B.V. Marketing Japan K.K. Canadian Premier Holdings LTD Canada 100% AEGON DMS Holding B.V. Holding company
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Canadian Premier Life Insurance Canada 100% Canadian Premier Holdings LTD Holding company Company Legacy General Insurance Company Canada 100% Canadian Premier Life Insurance Insurance Company Cornerstone International Holdings United Kingdom 100% AEGON DMS Holding B.V. Holding company LTD Cornerstone International Marketing United Kingdom 100% Cornerstone International Marketing company LTD Holdings, LTD Stonebridge International Insurance United Kingdom 100% Cornerstone International Insurance company LTD Marketing, LTD JCPenney Direct Asia Pacific Pty LTD Australia 100% AEGON DMS Holding B.V. Holding company JCPenney Direct Service Asia Australia 100% JCPenney Direct Asia Pacific Operations company Pacific Pty LTD Pty LTD JCPenney Insurance Marketing Asia Australia 100% JcPenney Direct Asia Pacific Marketing company Pacific Pty LTD Pty LTD Short Hills Management Company New Jersey 100% AEGON U.S. Holding Corporation Insurance Agent COPRA Reinsurance Company New York 100% AEGON U.S. Reinsurance Holding Corporation AEGON Management Company Indiana 100% AEGON U.S. Insurance holding Holding Corporation company AEGON U.S. Corporation Iowa 100% AEGON U.S. Holding Corporation Holding company Transamerica Corporation ("TAC") Delaware 100% AEGON NV Major interest in insurance and finance AEGON Funding Corp. II Delaware 100% TAC Commercial paper insurance Transamerica Pacific Insurance Hawaii 100% TAC Life insurance Company, Ltd. TREIC Enterprises, Inc. Delaware 100% TFC Investments Terrapoint, LLC Delaware 50% TREIC Enterprises, Inc. Data Processing ARC Reinsurance Corporation Hawaii 100% Transamerica Corp. Property & Casualty Insurance Inter-America Corporation California 100% Transamerica Corp. Insurance Broker
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Pyramid Insurance Company, Ltd. Hawaii 100% Transamerica Corp. Property & Casualty Insurance Transamerica Business Tech Corp. Delaware 100% Transamerica Corp. Telecommunications and data processing Transamerica CBO I, Inc. Delaware 100% Transamerica Corp. Owns and manages a pool of high-yield bonds Transamerica Corporation (Oregon) Oregon 100% Transamerica Corp. Name holding only - Inactive Transamerica Finance Corp. Delaware 100% Transamerica Corp. Commercial & Consumer Lending & equipment leasing Transamerica Public Finance, LLC Delaware 70% TCFCI, 30% TFC Finance TFC Properties, Inc. Delaware 100% Transamerica Finance Corp. Holding Company Transamerica Retirement Delaware 100% TFC Properties, Inc. Own property Communities, S.F., Inc. Transamerica Retirement Delaware 100% TFC Properties, Inc. Own property Communities, S.J., Inc. TA Leasing Holding Co., Inc. Delaware 100% Transamerica Finance Corp. Holding company Trans Ocean Ltd. Delaware 100% TA Leasing Holding Co. Inc. Holding company Trans Ocean Container Corp. ("TOCC") Delaware 100% Trans Ocean Ltd. Intermodal leasing SpaceWise Inc. Delaware 100% TOCC Intermodal leasing Trans Ocean Container Finance Corp. Delaware 100% TOL Intermodal leasing Trans Ocean Leasing Deutschland GmbH Germany 100% TOCC Intermodal leasing Trans Ocean Leasing PTY Ltd. Austria 100% TOCC Intermodal leasing Trans Ocean Management S.A. Switzerland 100% TOCC Intermodal leasing Trans Ocean Regional Corporate California 100% TOCC Holding company Holdings Trans Ocean Tank Services Corp. Delaware 100% TOCC Intermodal leasing
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Transamerica Leasing Inc. Delaware 100% TA Leasing Holding Co. Leases & Services intermodal equipment Transamerica Leasing Holdings Inc. Delaware 100% Transamerica Leasing Inc. Holding company ("TLHI") Greybox Logistics Services Inc. Delaware 100% TLHI Intermodal leasing Greybox L.L.C. ("G") Delaware 100% TLHI Intermodal freight container interchange facilitation service Transamerica Trailer Leasing S.N.C. France 100% Greybox L.L.C. Leasing Greybox Services Limited U.K. 100% TLHI Intermodal leasing Intermodal Equipment, Inc. Delaware 100% TLHI Intermodal leasing Transamerica Leasing N.V. Belg. 100% Intermodal Equipment Inc. Leasing Transamerica Leasing SRL Italy 100% Intermodal Equipment Inc. Leasing Transamerica Distribution Services, Delaware 100% TLHI Dormant Inc. Transamerica Leasing Coordination Belg. 100% TLHI Leasing Center Transamerica Leasing do Brasil Ltda. Braz. 100% TLHI Container Leasing Transamerica Leasing GmbH Germany 100% TLHI Leasing Transamerica Trailer Leasing Sp. Poland 100% TLHI Leasing z.o.o Transamerica Leasing Limited U.K. 100% TLHI Leasing ICS Terminals (UK) Limited U.K. 100% Transamerica Leasing Limited Leasing Transamerica Leasing Pty. Ltd. Australia 100% TLHI Leasing Transamerica Leasing (Canada) Inc. Canada 100% TLHI Leasing Transamerica Leasing (HK) Ltd. H.K. 100% TLHI Leasing Transamerica Leasing (Proprietary) S. Africa 100% TLHI In Liquidation - Limited Intermodal leasing Transamerica Trailer Holdings I Inc. Delaware 100% TLHI Holding company
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Transamerica Trailer Holdings II Delaware 100% TLHI Holding company Inc. Transamerica Trailer Holdings III Delaware 100% TLHI Holding company Inc. Transamerica Trailer Leasing AB Swed. 100% TLHI Leasing Transamerica Trailer Leasing AG Switzerland 100% TLHI Leasing Transamerica Trailer Leasing A/S + Denmark 100% TLHI Leasing C66 Transamerica Trailer Leasing GmbH Germany 100% TLHI Leasing Transamerica Trailer Leasing Belgium 100% TLHI Leasing (Belgium) N.V. Transamerica Trailer Leasing Netherlands 100% TLHI Leasing (Netherlands) B.V. Transamerica Alquiler de Trailer Spain 100% TLHI Leasing Spain S.L. Transamerica Transport Inc. New Jersey 100% TLHI Dormant Transamerica Commercial Finance Delaware 100% Transamerica Finance Corp. Holding company Corporation, I ("TCFCI") Transamerica Equipment Financial Delaware 100% TCFCI Investment in Various Services Corporation equipment leases and loans BWAC Credit Corporation Delaware 100% TCFCI Inactive BWAC International Corporation Delaware 100% TCFCI Retail Appliance and furniture stores BWAC Twelve, Inc. Delaware 100% TCFCI Holding company TIFCO Lending Corporation Illinois 100% BWAC Twelve, Inc. General financing Transamerica Insurance Finance Maryland 100% BWAC Twelve, Inc. Insurance premium Corporation ("TIFC") financing Transamerica Insurance Finance California 100% TIFC Insurance premium Corporation, California Transamerica Insurance Finance Maryland 100% TIFC Insurance premium Company (Europe) Transamerica Insurance Finance Ontario 100% TIFC Insurance premium Corporation, Canada financing
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business T Holdings, Inc. DE 100% TCFCI Holding Company M Credit, Inc. Delaware 100% TCFCI Commercial lending Transamerica Mezzanine Financing, Delaware 100% T Holdings, Inc. Holding company Inc. Bay Capital Corporation Delaware 100% M Credit, Inc. Special purpose corporation Coast Funding Corporation Delaware 100% M Credit, Inc. Special purpose corporation Transamerica Small Business Delaware 100% M Credit, Inc. Holding company Capital, Inc. ("TSBC") Emergent Business Capital Holdings, Delaware 100% TSBC Dormant Inc. Gulf Capital Corporation Delaware 100% M Credit, Inc. Special purpose corporation Direct Capital Equity Investment, Delaware 100% M Credit, Inc. Small business loans Inc. TA Air East, Corp. Delaware 100% TEFSC Special purpose corporation TA Air I, Corp. Delaware 100% TEFS Special purpose corporation TA Air II, Corp. Delaware 100% TEFS Special purpose corporation TA Air III, Corp. Delaware 100% TEFS Special purpose corporation TA Air IV, Corp. Delaware 100% TEFS Special purpose corporation TA Air V, Corp. Delaware 100% TEFS Special purpose corporation TA Air VI, Corp. Delaware 100% TEFS Special purpose corporation TA Air VII, Corp. Delaware 100% TEFS Special purpose corporation TA Air VIII, Corp. Delaware 100% TEFS Special purpose corporation
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business TA Air IX, Corp. Delaware 100% TEFS Special purpose corporation TA Air X, Corp. Delaware 100% TEFS Special purpose corporation TA Air XI, Corp. Delaware 100% TEFS Special purpose corporation TA Air XII, Corp. Delaware 100% TEFS Special purpose corporation TA Air XIII, Corp. Delaware 100% TEFS Special purpose corporation TA Air XIV, Corp. Delaware 100% TEFS Special purpose corporation TA Air XV, Corp. Delaware 100% TEFS Special purpose corporation TA Air XVI, Corp. Delaware 100% TEFS Special purpose corporation TA Air XVII, Corp. Delaware 100% TEFS Special purpose corporation TA Air XVIII, Corp. Delaware 100% TEFS Special purpose corporation TA Air XIX, Corp. Delaware 100% TEFS Special purpose corporation Transamerica Aviation 803 Corp. Delaware 100% TEFS Special purpose corporation Transamerica Aviation 400 Corp. Delaware 100% TEFS Special purpose corporation Transamerica Aviation 429/448 Corp. Delaware 100% TEFS Special purpose corporation Transamerica Aviation 630 Corp. Delaware 100% TEFS Special purpose corporation TA Steel I, LLC Delaware 100% TEFS Special purpose corporation Transamerica Aviation 24245/24246 Delaware 100% TEFS Special purpose Corp. corporation TA Heli I, Inc. Delaware 100% TEFS Special purpose corporation
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business TA Marine I, Inc. Delaware 100% TEFS Special purpose corporation TA Marine II, Inc. Delaware 100% TEFS Special purpose corporation TA Marine IV, Inc. Delaware 100% TEFS Special purpose corporation TA Marine VI, Inc. Delaware 100% TEFS Special purpose corporation TA Marine V, Inc. Delaware 100% TEFS Special purpose corporation TA Marine III, Corp. Delaware 100% TEFS Special purpose corporation TA Public Finance Air I, Corp. Delaware 100% TEFS Special purpose corporation TBC I, Inc. Delaware 100% T Holdings, Inc. Special purpose corporation Facta, LLP Delaware 100% TBC I, Inc. Commercial finance TBC III, Inc. Delaware 100% T Holdings, Inc. Special purpose corporation Transcap Trade Finance Delaware 100% TBC III, Inc. Commercial finance TBC IV, Inc. Delaware 100% T Holdings, Inc. Special purpose corporation Transamerica Commercial Real Estate Delaware 100% T Holdings, Inc. Bridge financing Finance, LLC TBC V, Inc. Delaware 100% T Holdings, Inc. Special purpose corporation Breakthrough Funding LLP Delaware 100% TBC V, Inc. Commercial finance TBC Tax I, Inc. Delaware 100% M Credit, Inc. Special purpose corporation TBC Tax II, Inc. Delaware 100% M Credit, Inc. Special purpose corporation TBC Tax III, Inc. Delaware 100% M Credit, Inc. Special purpose corporation TBC Tax IV, Inc. Delaware 100% M Credit, Inc. Special purpose corporation
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business TBC Tax V, Inc. Delaware 100% M Credit, Inc. Special purpose corporation TBC Tax VI, Inc. Delaware 100% M Credit, Inc. Special purpose corporation TBC Tax VII, Inc. Delaware 100% M Credit, Inc. Special purpose corporation TBC Tax VIII, Inc. Delaware 100% M Credit, Inc. Special purpose corporation TBC Tax IX, Inc. Delaware 100% M Credit, Inc. Special purpose corporation The Plain Company Delaware 100% TEFS Special purpose corporation Transamerica Distribution Finance Delaware 100% TCFCI Holding company Corporation ("TDFC") Transamerica Accounts Holding Corp. Delaware 100% TDFC Holding company ARS Funding Corporation Delaware 100% Transamerica Accounts Holding Dormant Corporation Transamerica Commercial Finance Delaware 100% TIFC Finance company Corporation ("TCFC") Transamerica Acquisition Canada 100% TCFCC Holding company Corporation, Canada Transamerica Distribution Finance Delaware 100% TCFC Commercial Finance Corporation - Overseas, Inc. ("TDFOI") TDF Mauritius Limited Mauritius 100% TDFOI Mauritius holding company Transamerica Apple Distribution India 69.94% TDF-Mauritius, Limited Transamerica Finance Public Limited Distribution Finance Joint Venture Inventory Funding Trust Delaware 100% TCFC Delaware Business Trust Inventory Funding Company, LLC Delaware 100% Inventory Funding Trust Holding company TCF Asset Management Corporation Colorado 100% TCFC A depository for foreclosed real and personal property
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Transamerica Distribution Finance Illinois 100% TCFC Special purpose Insurance Services, Inc. corporation Transamerica Distribution Finance Mexico 99% TCFC Inactive Factorje S.A. DE C.V. Transamerica Joint Ventures, Inc. Delaware 100% TCFC Holding company Amana Finance Illinois 50% Transamerica Joint Ventures, Commercial finance Inc. American Standard Financial Services Illinois 50% Transamerica Joint Ventures, Finance Inc. Penske Financial Services LLC Delaware 50% Transamerica Joint Ventures, Commercial finance Inc. Polaris Acceptance Illinois 50% Transamerica Joint Ventures, Commercial finance Inc. Transamerica Inventory Finance Delaware 100% TDFC Holding company Corporation ("TIFC") Transamerica GmbH, Inc. Delaware 100% TIFC Holding company Transamerica Netherlands 100% Trans. GmbH, Inc. Commercial lending in Fincieringsmaatschappij B.V. Europe BWAC Seventeen, Inc. Delaware 100% TIFC Holding company Transamerica Commercial Finance Ontario 100% BWAC Seventeen, Inc. Dormant Canada, Limited Transamerica Commercial Finance Canada 100% BWAC Seventeen, Inc. Commercial finance Corporation, Canada Cantrex Group Inc. Quebec 76% TACC Buying group and retail merchant services 2953-9087 Quebec Inc. Quebec 100% Cantrex Group, Inc. Dormant Corbeil Electrique, Inc. Quebec 100% Cantrex Group, Inc. Dormant Prestex Marketing, Inc. Quebec 100% Cantrex Group, Inc. Dormant BWAC Twenty-One, Inc. Delaware 100% TIFC Holding company ODBH Ltd/Harley Davidson Acceptance United Kingdom 100% BWAC Twenty-One, Inc. Finance Transamerica Technology Services United Kingdom 100% TCFL Inactive Limited
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Transamerica Commercial Finance U.K. 100% Transamerica Commercial Commercial lending Limited ("TCFL") Holdings Limited TDF Credit Insurance Services U.K. 100% TCFL Credit insurance Limited brokerage Whirlpool Financial Corporation Poland 100% TCFL Inactive - commercial Polska Spozoo finance Transamerica Commercial Holdings U.K. 33% BWAC Twenty-One Inc. Holding company Limited Transamerica Trailer Leasing Limited New York 100% Transamerica Commercial Special purpose Holdings Limited corporation Transamerica Distribution Capital Spain 100% Transamerica Commercial Inactive Services, Iberica Holdings Limited Transamerica Commercial Finance France 100% TIFC Factoring company France S.A. Transamerica GmbH Frankfurt, Germany 100% GmbH Commercial lending in Germany Transamerica Retail Financial Delaware 100% TDFC Provides retail Services Corporation ("TRFSC") financing Transamerica Bank, NA Delaware 100% TRFSC Bank Transamerica Consumer Finance Delaware 100% TRFSC Consumer finance Holding Company ("TCFHC") holding company Transamerica Mortgage Company Delaware 100% TCFHC Consumer mortgages Transamerica Consumer Mortgage Delaware 100% TCFHC Securitization company Receivables Company Metropolitan Mortgage Company Florida 100% TCFHC Consumer mortgages First Florida Appraisal Services, Florida 100% Metropolitan Mtg. Co. Appraisal and Inc. inspection services First Georgia Appraisal Services, Georgia 100% First FL App. Srvc, Inc. Appraisal services Inc. Freedom Tax Services, Inc. Florida 100%. Metropolitan Mtg. Co. Property tax information services J.J. & W. Advertising, Inc. Florida 100% Metropolitan Mtg. Co. Advertising and marketing services J.J. & W. Realty Services, Inc. Florida 100% Metropolitan Mtg. Co. To hold problem REO properties
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Liberty Mortgage Company of Ft. Florida 100% Metropolitan Mtg. Co. No active business/Name Myers, Inc. holding only Metropolis Mortgage Company Florida 100% Metropolitan Mtg. Co. No active business/Name holding only Perfect Mortgage Company Florida 100% Metropolitan Mtg. Co. No active business/Name holding only Transamerica Vendor Financial Delaware 100% TDFC Provides commercial Service Corporation leasing Transamerica Distribution Finance Mexico 99% TCFC Holding company in Corporation de Mexico S. de R.L. Mexican subsidiaries de C.V. TDF de Mexico S. de R.L. de C.V. Mexico 99% TDFC Mex Service company for Whirlpool receivables Transamerica Corporate Services De Mexico 99% TDFC Mex Holds employees Mexico S. de R.L. de CV Transamerica Distribution Finance Mexico 99% TCFC Finance company Factorje S.A. de C.V. Transamerica Distribution Finance Illinois 100% TCFC Finance company Insurance Services, Inc. Transamerica Flood Hazard Delaware 100% TFC Flood Zone Certification, Inc. certification service Transamerica Home Loan California 100% TFC Consumer mortgages Transamerica Lending Company Delaware 100% TFC In liquidation - lending Transamerica Public Finance, LLC Delaware 70% TFC Financial Services Transamerica Financial Products, California 100% Transamerica Corp. Investments Inc. Transamerica Insurance Corporation Iowa 100% TIHI Holding company ("TIC") Plaza Insurance Sales Inc. California 100% TIC Casualty insurance placement Transamerica Advisors, Inc. California 100% TIC Retail sale of investment advisory services
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Transamerica Annuity Services Corp. New Mexico 100% TIC Performs services required for structured settlements Transamerica Financial Advisors, Delaware 100% TIC Retail sale of Inc. securities products Financial Resources Insurance Texas 100% Transamerica Fin. Adv. Retail sale of Agency of Texas securities products TBK Insurance Agency of Ohio, Inc. Ohio 100% Transamerica Fin Adv. Variable insurance contract sales in state of Ohio Transamerica Financial Resources Alabama 100% Transamerica Fin. Adv. Insurance agent & broker Agency of Alabama, Inc. Transamerica Financial Resources Massachusetts 100% Transamerica Fin. Adv. Insurance agent & broker Ins. Agency of Massachusetts, Inc. Transamerica International Delaware 100% TIC Holding & administering Insurance Services, Inc. ("TIISI") foreign operations AEGON Canada Inc. ("ACI") Canada 100% TIHI Holding company Transamerica Life Canada Canada 100% ACI Life insurance company Home Loans and Finance Ltd. U.K. 100% TIISI Inactive Transamerica Occidental Life Iowa 100% TIC Life insurance Insurance Company ("TOLIC") NEF Investment Company California 100% TOLIC Real estate development Transamerica China Investments Hong Kong 99% TOLIC Holding company Holdings Limited Transamerica Life Insurance and N. Carolina 100% TOLIC Life insurance Annuity Company ("TALIAC") Transamerica Assurance Company Missouri 100% TALIAC Life and disability insurance Gemini Investments, Inc. Delaware 100% TALIAC Investment subsidiary Transamerica Life Insurance Company New York 100% TOLIC Insurance sales of New York Transamerica South Park Resources, Delaware 100% TOLIC Market analysis Inc.
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Transamerica Variable Insurance Fund Maryland 100% TOLIC Mutual Fund USA Administration Services, Inc. Kansas 100% TOLIC Third party administrator Transamerica Products, Inc. ("TPI") California 100% TIC Holding company Transamerica Products I, Inc. California 100% TPI Co-general partner Transamerica Securities Sales Corp. Maryland 100% TIC Life insurance sales Transamerica Service Company Delaware 100% TIC Passive loss tax service Transamerica International RE Bermuda 100% TAC Reinsurance (Bermuda) Ltd. Transamerica Intellitech, Inc. Delaware 100% TFC Real estate information and technology services Transamerica International Delaware 100% TAC Holding company Holdings, Inc. ("TIHI") Transamerica Investment Services, Delaware 100% TAC Investment adviser Inc. ("TISI") Transamerica Income Shares, Inc. Maryland 100% TISI Mutual fund Transamerica Real Estate Tax Delaware 100% TFC Real estate tax Service, Inc. reporting and processing services Transamerica Realty Services, Inc. Delaware 100% TAC Real estate investments ("TRS") Bankers Mortgage Company of CA California 100% TRS Investment management Pyramid Investment Corporation Delaware 100% TRS Real estate company The Gilwell Company California 100% TRS Ground lessee of 517 Washington Street, San Francisco Transamerica Affordable Housing, California 100% TRS General partner LHTC Inc. Partnership Transamerica Minerals Company California 100% TRS Owner and lessor of oil and gas properties
Name Jurisdiction of Percent of Voting Securities Incorporation Owned Business Transamerica Oakmont Corporation California 100% TRS General partner retirement properties Auto Funding Services, LLC Delaware 100% TBCC Commercial lending TBCC Funding II, L.L.C. Delaware 100% TBCC Funding Trust II Special purpose corporation Private Label Funding LLC Delaware 100% TBCC Funding Trust II Special purpose corporation TBCC Funding Trust II Delaware 100% TCFCI Trust TBCC Funding I, L.L.C. Delaware 100% TBCC Funding I, LLC Special purpose corporation TBCC Funding Trust I Delaware 100% TCFCI Trust Direct Capital Partners, LLC Delaware Various members Investment banking Inland Water Transportation LLC Delaware 100% Direct Capital Partners, L.P. Finance barges Direct Capital Partners, L.P. Delaware 100% Direct Capital Partners, LLC Investment banking Transamerica Business Capital Delaware 100% TCFCI Commercial lending Corporation Transamerica Technology Finance Delaware 100% TCFCI Commercial lending Corporation
Item 27. Number of Certificate Owners As of December 31, 2001 there were 29,369 Owners of Contracts. 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 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 goverened by the final adjudication of such issue. Item 29. Principal Underwriter AFSG Securities Corporation 4333 Edgewood Road N.E. Cedar Rapids, IA 52499-0001 The directors and officers of AFSG Securities Corporation are as follows/(5)/: Larry N. Norman Anne Spaes Director and President Director and Vice President Lisa Wachanedorf Darin Smith Director, Vice President and Vice President and Chief Compliance Officer Assistant Secretary Thomas R. Moriarty Emily Bates Vice President Assistant Treasurer Priscilla Hechler Clifton Flenniken Assistant Vice President and Assistant Treasurer Assistant Secretary Teresa Stolba Assistant Compliance Officer /(5)/ The principal business address of each person listed is AFSG Securities Corporation, 4333 Edgewood Road, N.E., Cedar Rapids, IA 52499-0001. Prior to May 1, 2002, Transamerica Securities Sales Corporation ("TSSC") and Transamerica Financial Resources ("TFR") were co-principal underwriters of the contracts. TSSC and TFR received $15,913,242.07, $40,610,303.26 and $17,147,205.77 from the Registrant for the years ending December 31, 2001, December 31, 2000 and December 31, 1999 respectively, for its services in distributing the policies. No other commission or compensation was received by TSSC or TFR, directly or indirectly, from the Registrant during the fiscal year. As of May 1, 2002, AFSG Securities Corporation, an affiliate of Transamerica, is the principal underwriter of the contracts and may enter into agreements with broker-dealers for the distribution of the contracts. 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 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 C, AUSA Series Life Account, AUSA Series Annuity Account and AUSA Series Annuity Account B. These accounts are separate accounts of AUSA Life Insurance Company, Inc. 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 WRL Series Life Account, WRL Series Annuity Account and WRL Series Annuity Account B. These accounts are separate accounts of Western Reserve Life Assurance Company of Ohio. AFSG Securities Corporation also serves as principal underwriter for Separate Account VA G, Separate Account VA H, 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 Separate Account VA-2LNY. This account is a separate account of Transamerica Life Insurance Company of New York. Item 30. Location and Accounts and Records All accounts and records required to be maintained by Section 31(a) of the 1940 Act and the rules under it are maintained by Transamerica or the Service Office at their administrative offices. Item 31. Management Services All management contracts are discussed in Parts A or B. Items 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 payments under the variable annuity contracts may be accepted. (b) Registrant undertakes that it will include either (1) as part of any application to purchase a Certificate or an Individual Contract offered by the Prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a post card or similar written communication affixed to or included in the Prospectus that the applicant can remove to send for a Statement of Additional Information. (c) 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) Registrant 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)(i) 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. (e) Transamerica hereby represents that the fees and the charges deducted under the Contracts, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Transamerica. 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 3rd day of September, 2002. SEPARATE ACCOUNT VA-2L TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY (DEPOSITOR) /s/ Frank A. Camp --------------------------- Frank A. Camp Vice 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 date indicated.
Signatures Titles Date ---------- ------ ---- * Director ____________, 2002 -------------------------------------- Christopher H. Garrett * Director ____________, 2002 -------------------------------------- Brenda K. Clancy * Director ____________, 2002 -------------------------------------- Diane Meiners * Director ____________, 2002 -------------------------------------- Craig D. Vermie * Director and President ____________, 2002 -------------------------------------- Ron F. Wagley * Chief Financial Officer and ____________, 2002 -------------------------------------- Bruce Clark Senior Vice President /s/ Frank A. Camp Attorney -in-Fact pursuant to powers of September 3, 2002 -------------------------------------- *By: Frank A. Camp attorney filed herewith, and in his own capacity as Vice President.
Registration No. 33-49998 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________ EXHIBITS TO FORM N-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FOR DREYFUS/TRANSAMERICA TRIPLE ADVANTAGE ___________________ EXHIBIT INDEX
Exhibit No. Description of Exhibit Page No.* ---------------------------------- --------- (4)(d) Form of Individual Contract and Endorsements (4)(d)(1) Form of Liquidity Rider (5)(d) Form of Application for Individual Contract (8)(k)(3) 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 (10)(b) Opinion and Consent of Actuary (15) Powers of Attorney
___________ * Page numbers included only in manually executed original.