-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OcWKYZHwD0TIsqk7gsdcLeskJ7Dx0z5P5NoLA83nIbr3Xd9gQwHVsPvAZ+NeyjZa IEn+lLpaHjdY1e5lqaZY1Q== 0000950146-98-002092.txt : 19981215 0000950146-98-002092.hdr.sgml : 19981215 ACCESSION NUMBER: 0000950146-98-002092 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 19981214 EFFECTIVENESS DATE: 19981214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VARIABLE ANNUITY ACCOUNT B OF AETNA LIFE INS & ANNUITY CO CENTRAL INDEX KEY: 0000103005 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: SEC FILE NUMBER: 333-56297 FILM NUMBER: 98768908 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: SEC FILE NUMBER: 811-02512 FILM NUMBER: 98768909 BUSINESS ADDRESS: STREET 1: 151 FARMINGTON AVE CITY: HARTFORD STATE: CT ZIP: 06156 BUSINESS PHONE: 2032734808 MAIL ADDRESS: STREET 1: AETNA LIFE & CASUALTY STREET 2: 151 FARMINGTON AVE CITY: HARTFORD STATE: CT ZIP: 06156 FORMER COMPANY: FORMER CONFORMED NAME: VARIABLE ANNUITY ACCOUNT B OF AETNA VARIABLE ANNUITY LIFE IN DATE OF NAME CHANGE: 19791108 485BPOS 1 FORM N-4 As filed with the Securities and Exchange Registration No. 333-56297 Commission on December 14, 1998 Registration No. 811-2512 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-4 POST-EFFECTIVE AMENDMENT NO. 2 TO REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 and Amendment to REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 Variable Annuity Account B of Aetna Life Insurance and Annuity Company Aetna Life Insurance and Annuity Company 151 Farmington Avenue, RE4A, Hartford, Connecticut 06156 Depositor's Telephone Number, including Area Code: (860) 273-4686 Julie E. Rockmore, Counsel Aetna Life Insurance and Annuity Company 151 Farmington Avenue, RE4A, Hartford, Connecticut 06156 (Name and Address of Agent for Service) It is proposed that this filing will become effective: [X] immediately upon filing pursuant to paragraph (b) of Rule 485 [ ] on _______________________ pursuant to paragraph (b) of Rule 485 VARIABLE ANNUITY ACCOUNT B CROSS REFERENCE SHEET
LOCATION - PROSPECTUS DATED AUGUST 19, 1998, AND AS AMENDED BY SUPPLMENTS FORM N-4 DATED OCTOBER 1, 1998 AND ITEM NO. PART A (PROSPECTUS) DECEMBER 14, 1998 1 Cover Page........................................... Cover Page 2 Definitions.......................................... Definitions 3 Synopsis............................................. Prospectus Summary; Fee Table, and as amended 4 Condensed Financial Information...................... Condensed Financial Information 5 General Description of Registrant, Depositor, and Portfolio Companies.................................. The Company; Variable Annuity Account B; The Funds, and as amended 6 Deductions and Expenses.............................. Charges and Deductions, and as amended 7 General Description of Variable Annuity Contracts.... Purchase; Miscellaneous 8 Annuity Period....................................... Annuity Period, and as amended 9 Death Benefit........................................ Death Benefit During Accumulation Period; Death Benefit Payable During Annuity Period 10 Purchases and Contract Value......................... Purchase; Contract Valuation 11 Redemptions.......................................... Right to Cancel; Withdrawals 12 Taxes................................................ Tax Status 13 Legal Proceedings.................................... Miscellaneous - Legal Matters and Proceedings 14 Table of Contents of the Statement of Additional Information.......................................... Contents of the Statement of Additional Information
LOCATION - STATEMENT OF FORM N-4 PART B (STATEMENT OF ADDITIONAL INFORMATION ITEM NO. ADDITIONAL INFORMATION) DATED AUGUST 19, 1998 15 Cover Page........................................... Cover page 16 Table of Contents.................................... Table of Contents 17 General Information and History...................... General Information and History 18 Services............................................. General Information and History; Independent Auditors 19 Purchase of Securities Being Offered................. Offering and Purchase of Contracts 20 Underwriters......................................... Offering and Purchase of Contracts 21 Calculation of Performance Data...................... Performance Data; Average Annual Total Return Quotations 22 Annuity Payments..................................... Annuity Payments 23 Financial Statements................................. Financial Statements
Part C (Other Information) -------------------------- Information required to be included in Part C is set forth under the appropriate item, so numbered, in Part C to this Registration Statement. PARTS A AND B The Prospectus and Statement of Additional Information are incorporated in Parts A and B, respectively, of this Post-Effective Amendment No. 2 by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 (File No. 333-56297), as filed electronically on August 4, 1998 and declared effective on August 19, 1998 and by reference to Prospectus Supplement dated October 1, 1998 as filed in Post-Effective Amendment No. 1 to the Registration Statement on Form N-4 (File No. 333-56297), as filed electronically on September 14, 1998 and declared effective on October 1, 1998. A Prospectus Supplement dated December 14, 1998 is included in Part A of this Post-Effective Amendment. VARIABLE ANNUITY ACCOUNT B Aetna Life Insurance and Annuity Company Supplement Dated December 14, 1998 to the Prospectus dated August 19, 1998 The information in this supplement updates and amends the information contained in the Prospectus dated August 19, 1998. You should read this Supplement along with the Prospectus. The first paragraph under the "The Funds" on page 21 of the Prospectus is replaced with the following: Purchase Payments may be allocated to one or more of the Subaccounts as designated on the Application. In turn, the Subaccounts invest in the corresponding Funds at net asset value. The Company reserves the right to limit the number of investment options that can be selected under the Contract. Currently there is no limit on the number of investment options that can be selected, but the number of investment options that may be selected at any one time by a Certificate Holder is limited to 18. Each Subaccount and each Guaranteed Term of the same duration, or an investment in the Fixed account in certain Contracts where the Guaranteed Account is not available, count as an investment option. The first sentence of the "Guaranteed Account Option" section on page 22 is replaced with the following: In certain states, Purchase Payments may be allocated to the Guaranteed Account. The paragraph under the "Fixed Account Option" section on page 22 of the Prospectus is replaced with the following: In certain states, Purchase Payments may be allocated to the Fixed Account. Such an allocation may require participation in the Company's Dollar Cost Averaging Program. Through the Fixed Account we guarantee to pay the minimum interest rate specified in the Contract. (See Appendix B.) The "Nursing Home Waiver" section on page 27 of the Prospectus is replaced with the following: Nursing Home Waiver. Under Option Packages II and III, you may withdraw all or a portion of your Purchase Payments without a deferred sales charge, provided that: (1) More than one Account Year has elapsed since the Schedule Effective Date; (2) The withdrawal is requested within three years of the Annuitant's admission to a licensed Nursing Home facility (in Oregon there is no three year limitation period and in New Hampshire non-licensed facilities are included); and (3) The Annuitant has spent at least 45 consecutive days in such facility. This waiver of deferred sales charge does not apply if the Annuitant is in a licensed Nursing Home facility for at least one day during the two week period immediately preceding or following the Schedule Effective Date. It will also not apply if otherwise prohibited by state law. The third and fourth sentences in the "SUBACCOUNT TRANSFERS" section on page 29 of the prospectus are replaced with the following: Transfers may be made from the Fixed Account to any of the available investment options, subject to certain restrictions. We reserve the right, however, to restrict transfers into the Fixed Account from any of the other investment options. The following sentence is added to the end of the first paragraph of the "Reinstatement Privilege Following Withdrawal" section on page 30 of the Prospectus: We reserve the right to accept a reinstatement elected more than 30 days after the withdrawal and to accept the proceeds more than 60 days after the withdrawal. The last sentence of the first paragraph of the "Amount of Each Annuity Payment" section on page 37 of the Prospectus is replaced with the following: Unless prohibited by law, we reserve the right to increase the minimum first Annuity Payment amount and the minimum annual Annuity Payment amount based on increases reflected in the Consumer Price Index-Urban (CPI-U), since July 1, 1993. Form No.: X.56297-98-1 33356297 VARIABLE ANNUITY ACCOUNT B PART C - OTHER INFORMATION Item 24. Financial Statements and Exhibits - ------------------------------------------ (a) Financial Statements: (1) Incorporated by reference in Part A: Condensed Financial Information (2) Incorporated by reference in Part B: Financial Statements of Variable Annuity Account B: - Statement of Assets and Liabilities as of December 31, 1997 - Statements of Operations and Changes in Net Assets for the years ended December 31, 1997 and 1996 - Notes to Financial Statements - Independent Auditors' Report Financial Statements of the Depositor: - Independent Auditors' Report - Consolidated Statements of Income for the years ended December 31, 1997, 1996 and 1995 - Consolidated Balance Sheets as of December 31, 1997 and 1996 - Consolidated Statements of Changes in Shareholder's Equity for the years ended December 31, 1997, 1996 and 1995 - Consolidated Statements of Cash Flows for the years ended December 31, 1997, 1996 and 1995 - Notes to Consolidated Financial Statements (b) Exhibits (1) Resolution of the Board of Directors of Aetna Life Insurance and Annuity Company establishing Variable Annuity Account B(1) (2) Not applicable (3.1) Broker-Dealer Agreement(2) (3.2) Alternative Form of Wholesaling Agreement and Related Selling Agreement(3) (4.1) Variable Annuity Contract (GM-VA-98)(2) (4.2) Variable Annuity Contract Certificate (GMC-VA-98)(2) (4.3) Endorsement (EVAGET98) to Variable Annuity Contract GM-VA-98 and Variable Annuity Contract Certificate GMC-VA-98(4) (5) Variable Annuity Contract Application(9.5.89-6(9/98))(5) (6.1) Certificate of Incorporation of Aetna Life Insurance and Annuity Company(6) (6.2) Amendment of Certificate of Incorporation of Aetna Life Insurance and Annuity Company(7) (6.3) By-Laws as amended September 17, 1997 of Aetna Life Insurance and Annuity Company(8) (7) Not applicable (8.1) Fund Participation Agreement between Aetna Life Insurance and Annuity Company and AIM dated June 30, 1998(5) (8.2) Service Agreement between Aetna Life Insurance and Annuity Company and AIM effective June 30, 1998(5) (8.3) Fund Participation Agreement by and among Aetna Life Insurance and Annuity Company and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series, Aetna Variable Portfolios, Inc. on behalf of each of its series, and Aeltus Investment Management, Inc. dated as of May 1, 1998(2) (8.4) Amendment dated November 9, 1998 to Fund Participation Agreement by and among Aetna Life Insurance and Annuity Company and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series, Aetna Variable Portfolios, Inc. on behalf of each of its series, and Aeltus Investment Management, Inc. dated as of May 1, 1998 (8.5) Service Agreement between Aeltus Investment Management, Inc. and Aetna Life Insurance and Annuity Company in connection with the sale of shares of Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series, and Aetna Variable Portfolios, Inc. on behalf of each of its series dated as of May 1, 1998(2) (8.6) Amendment dated November 4, 1998 to Service Agreement between Aeltus Investment Management, Inc. and Aetna Life Insurance and Annuity Company in connection with the sale of shares of Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series and Aetna Variable Portfolios, Inc. on behalf of each of its series dated as of May 1, 1998 (8.7) Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996 and March 1, 1996(7) (8.8) Fifth Amendment dated as of May 1, 1997 to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996 and March 1, 1996(9) (8.9) Sixth Amendment dated November 6, 1997 to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996 and May 1, 1997(10) (8.10) Seventh Amendment dated as of May 1, 1998 to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996, May 1, 1997 and November 6, 1997(2) (8.11) Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996 and March 1, 1996(7) (8.12) Fifth Amendment, dated as of May 1, 1997, to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996 and March 1, 1996(9) (8.13) Sixth Amendment dated as of January 20, 1998 to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996 and May 1, 1997(11) (8.14) Seventh Amendment dated as of May 1, 1998 to the Fund Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996, May 1, 1997 and January 20, 1998(2) (8.15) Service Agreement between Aetna Life Insurance and Annuity Company and Fidelity Investments Institutional Operations Company dated as of November 1, 1995(12) (8.16) Amendment dated January 1, 1997 to Service Agreement between Aetna Life Insurance and Annuity Company and Fidelity Investments Institutional Operations Company dated as of November 1, 1995(9) (8.17) Service Contract between Fidelity Distributors Corporation and Aetna Life Insurance and Annuity Company dated May 2, 1997 (8.18) Fund Participation Agreement among Janus Aspen Series and Aetna Life Insurance and Annuity Company and Janus Capital Corporation dated December 8, 1997(13) (8.19) Amendment dated October 12, 1998 to Fund Participation Agreement among Janus Aspen Series and Aetna Life Insurance and Annuity Company and Janus Capital Corporation dated December 8, 1997 (8.20) Service Agreement between Janus Capital Corporation and Aetna Life Insurance and Annuity Company dated December 8, 1997(13) (8.21) Fund Participation Agreement among MFS Variable Insurance Trust, Aetna Life Insurance and Annuity Company and Massachusetts Financial Services Company dated April 30, 1996, and amended on September 3, 1996, March 14, 1997 and November 28, 1997(2) (8.22) Fourth Amendment dated May 1, 1998 to the Fund Participation Agreement by and among MSF Variable Insurance Trust, Aetna Life Insurance and Annuity Company and Massachusetts Financial Services Company dated April 30, 1996, and amended on September 3, 1996, March 14, 1997 and November 28, 1997(5) (8.23) Form of Fifth Amendment to Fund Participation Agreement by and among MSF Variable Insurance Trust, Aetna Life Insurance and Annuity Company and Massachusetts Financial Services Company dated April 30, 1996, and amended on September 3, 1996, March 14, 1997 and November 28, 1997 (8.24) Fund Participation Agreement dated March 11, 1997 between Aetna Life Insurance and Annuity Company and Oppenheimer Variable Annuity Account Funds and Oppenheimer Funds, Inc.(14) (8.25) Service Agreement effective as of March 11, 1997 between Oppenheimer Funds, Inc. and Aetna Life Insurance and Annuity Company(14) (9) Opinion and Consent of Counsel (10) Consent of Independent Auditors (11) Not applicable (12) Not applicable (13) Schedule for Computation of Performance Data(5) (14) Not applicable (15.1) Powers of Attorney(5) (15.2) Authorization for Signatures(3) 1. Incorporated by reference to Post-Effective Amendment No. 6 to Registration Statement on Form N-4 (File No. 33-75986), as filed electronically on April 22, 1996 (Accession No. 0000950146-96-000563). 2. Incorporated by reference to Registration Statement on Form N-4 (File No. 333-56297), as filed electronically on June 8, 1998 (Accession No. 0000950146-98-000983). 3. Incorporated by reference to Post-Effective Amendment No. 5 to Registration Statement on Form N-4 (File No. 33-75986), as filed electronically on April 12, 1996 (Accession No. 0000912057-96-006383). 4. Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement on Form N-4 (File No. 333-56297), as filed electronically on September 14, 1998 (Accession No. 0000950146-98-001574). 5. Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement on Form N-4 (File No. 333-56297), as filed electronically on August 4, 1998 (Accession No. 0000950146-98-001283). 6. Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement on Form S-1 (File No. 33-60477), as filed electronically on April 15, 1996 (Accession No. 0000950146-96-000534). 7. Incorporated by reference to Post-Effective Amendment No. 12 to Registration Statement on Form N-4 (File No. 33-75964), as filed electronically on February 11, 1997 (Accession No. 0000950146-97-000159). 8. Incorporated by reference to Post-Effective Amendment No. 12 to Registration Statement on Form N-4 (File No. 33-91846), as filed electronically on October 30, 1997 (Accession No. 0000950146-97-001589). 9. Incorporated by reference to Post-Effective Amendment No. 30 to Registration Statement on Form N-4 (File No. 33-34370), as filed electronically on September 29, 1997 (Accession No. 0000950146-97-001485). 10. Incorporated by reference to Post-Effective Amendment No. 16 to Registration Statement on Form N-4 (File No. 33-75964), as filed electronically on February 9, 1998 (Accession No. 0000950146-98-000179). 11. Incorporated by Reference to Post-Effective Amendment No. 7 to Registration Statement on Form S-6 (File No. 33-75248), as filed electronically on February 24, 1998 (Accession No. 0000950146-98-000267). 12. Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement on Form N-4 (File No. 33-88720), as filed electronically on June 28, 1996 (Accession No. 0000928389-96-000136). 13. Incorporated by reference to Post-Effective Amendment No. 10 to Registration Statement on Form N-4 (File No. 33-75992), as filed electronically on December 31, 1997 (Accession No. 0000950146-97-001982). 14. Incorporated by reference to Post-Effective Amendment No. 27 to Registration Statement on Form N-4 (File No. 33-34370), as filed electronically on April 16, 1997 (Accession No. 0000950146-97-000617). Item 25. Directors and Officers of the Depositor - ------------------------------------------------
Name and Principal Business Address* Positions and Offices with Depositor - ------------------ ------------------------------------ Thomas J. McInerney Director and President Shaun P. Mathews Director and Senior Vice President Catherine H. Smith Director, Chief Financial Officer and Senior Vice President Deborah Koltenuk Vice President, Treasurer and Corporate Controller Therese M. Squillacote Vice President and Chief Compliance Officer Kirk P. Wickman Vice President, General Counsel and Corporate Secretary
* The principal business address of all directors and officers listed is 151 Farmington Avenue, Hartford, Connecticut 06156. Item 26. Persons Controlled by or Under Common Control with the Depositor or - ---------------------------------------------------------------------------- Registrant ---------- Attached is a listing of all persons directly or indirectly controlled by or under common control with the Registrant. The listing indicates (1) the state or other sovereign power under the laws of which the entity is organized, (2) the percentage of voting securities owned or other basis of control by the person, if any, immediately controlling it (percentages are rounded to the nearest whole percentage and are based on ownership of voting rights), and (3) its principal business.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Aetna Inc. CT (1) Publicly Held Holding Company - --------------------------------------------------------------------------------------------------------------------- Aetna Services, Inc. CT (1) (*) Aetna Inc. 100% Holding Company - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare PA (1) (*) Aetna Inc. 100% Holding Company Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Risk Indemnity Bermuda (1) (*) Aetna Inc. 100% Insurance Company Limited - --------------------------------------------------------------------------------------------------------------------- Aetna Life Insurance CT (1) (*) Aetna Services, Inc. 100% Life and Health Insurance Company and Related Services - --------------------------------------------------------------------------------------------------------------------- Aetna Retirement CT (1) (*) Aetna Services, Inc. 100% Holding Company Services, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna International, CT (1) (*) Aetna Services, Inc. 100% Holding Company for Inc. International Subsidiaries - --------------------------------------------------------------------------------------------------------------------- Aetna Health and Life CT (1) (*) Aetna Services, Inc. 100% Life and Health Insurance Insurance Company - ---------------------------------------------------------------------------------------------------------------------
(1) Corporation (*) Fully Consolidated (2) Partnership (**) One Line Consolidation (3) Joint Venture (***) Not Consolidated (4) Trust (5) Limited Liability Company + Percentages are rounded to the nearest whole percent and are based on ownership of voting rights.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Aetna Capital Trust I DE (4) (*) Aetna Services, Inc. 100% Business Trust - --------------------------------------------------------------------------------------------------------------------- Aetna Capital Trust II DE (4) (*) Aetna Services, Inc. 100% Business Trust - --------------------------------------------------------------------------------------------------------------------- Aetna Capital Trust III DE (4) (*) Aetna Services, Inc. 100% Business Trust - --------------------------------------------------------------------------------------------------------------------- Aetna Capital Trust IV DE (4) (*) Aetna Services, Inc. 100% Business Trust - --------------------------------------------------------------------------------------------------------------------- AUSHC Holdings, Inc. CT (1) (*) Aetna Services, Inc. 100% Holding Company - --------------------------------------------------------------------------------------------------------------------- Aetna Foundation, Inc. CT (1) (***) Aetna Services, Inc. 100%(a) Supports Charitable Scientific, Literary and Educational Activities - --------------------------------------------------------------------------------------------------------------------- Imperial Fire & Marine U.K. (1) (***) Aetna Services, Inc. 10% Reinsurance Re-Insurance Company Limited - --------------------------------------------------------------------------------------------------------------------- Aetna Business CT (1) (*) Aetna Services, Inc. 100% Provides Business Services Resources, Inc. to External Clients - --------------------------------------------------------------------------------------------------------------------- AE Fifteen, Incorporated CT (1) (*) Aetna Services, Inc. 100% Shell Corp. for Interest in Cogeneration - --------------------------------------------------------------------------------------------------------------------- Luettgens Limited CT (1) (*) Aetna Services, Inc. 100% Retail Specialty Store - --------------------------------------------------------------------------------------------------------------------- AE Housing Corp. CT (1) (*) Aetna Services, Inc. 100% Real Estate - --------------------------------------------------------------------------------------------------------------------- Aetna Capital L.L.C. DE (5) (*) Aetna Services, Inc. 95%(b) Finance - Limited Liability Company - --------------------------------------------------------------------------------------------------------------------- Aetna Realty CT (1) (*) Aetna Services, Inc. 100% Real Estate Investment Investments I, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Properties I CT (2) (***) Aetna Realty 84%(c) Real Estate Investment Limited Partnership Investments I, Inc. - --------------------------------------------------------------------------------------------------------------------- PHPSNE Parent DE (1) (*) AUSHC Holdings, Inc. 55% Holding Company Corporation - ---------------------------------------------------------------------------------------------------------------------
- -------- (a) Nonstock Corporation (b) Aetna Capital Holdings, Inc. owns 5% of this Limited Liability Company. (c) Aetna Realty Investments I, Inc. is a 1% general partner and an 83% limited partner.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Aetna Health Plans of CT (1)(*) PHPSNE Parent 100% Health Care Southern New England, Corporation Inc. - --------------------------------------------------------------------------------------------------------------------- CMBS Holdings, Inc. TX (1) (*) Aetna Life Insurance 100% Real Estate Investment and Company Management - --------------------------------------------------------------------------------------------------------------------- CMBS Holdings, Inc. - II CT (1) (*) Aetna Life Insurance 100% Real Estate Company - --------------------------------------------------------------------------------------------------------------------- CMBS Holdings, L.L.C. CT (5) (*) Aetna Life Insurance 99%(d) Real Estate Company - --------------------------------------------------------------------------------------------------------------------- Aetna Real Estate CT (1) (*) Aetna Life Insurance 100% Acquire, Develop and Lease Properties, Inc. Company Real Estate - --------------------------------------------------------------------------------------------------------------------- AE Fourteen, Inc. CT (1) (*) Aetna Life Insurance 100% Cogeneration Company - --------------------------------------------------------------------------------------------------------------------- Aetna Life Assignment CT (1) (*) Aetna Life Insurance 100% Assignment Company for Company Company Structured Settlements - --------------------------------------------------------------------------------------------------------------------- Aetna/Area Corporation CT (1) (*) Aetna Life Insurance 100% Real Estate Investment and Company Management - --------------------------------------------------------------------------------------------------------------------- Aetna Institutional CT (2) (**) Aetna Life Insurance 13%(e) Real Estate Investment Investors I Limited Company Partnership - --------------------------------------------------------------------------------------------------------------------- Shadow Ridge At Oak CA (2) (**) Aetna Life Insurance 80% Real Estate Park Condominium Company Associates - --------------------------------------------------------------------------------------------------------------------- BPC Equity, Inc. DE (1) (*) Aetna Life Insurance 100% General Business Corporation Company - --------------------------------------------------------------------------------------------------------------------- BPC Equity, L.L.C. DE (5) (*) Aetna Life Insurance 99%(f) General Business Corporation Company - ---------------------------------------------------------------------------------------------------------------------
- -------- (d) CMBS Holdings, Inc.-II owns 1% of this Limited Liability Company. (e) Aetna Real Estate Properties, Inc. is a 1% general partner. (f) BPC Equity, Inc. owns 1% of this Limited Liability Company.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Aetna Affordable CT (1) (*) Aetna Life Insurance 100% Real Estate Investment Housing, Inc. Company - --------------------------------------------------------------------------------------------------------------------- AHP Holdings, Inc. CT (1) (*) Aetna Life Insurance 100% Holding Company Company - --------------------------------------------------------------------------------------------------------------------- Bay Area Mall, L.L.C. DE (5) (*) Aetna Life Insurance 99%(g) Real Estate Company - --------------------------------------------------------------------------------------------------------------------- Bay Area Mall, Inc. DE (1) (*) Aetna Life Insurance 100% Real Estate Company - --------------------------------------------------------------------------------------------------------------------- 455 Market Street CA (2) (**) Aetna Life Insurance 90%(h) Real Estate Company - --------------------------------------------------------------------------------------------------------------------- Koll Center Newport A CA (2) (**) Aetna Life Insurance 50%(i) Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Koll Center Newport CA (2) (**) Aetna Life Insurance 50%(j) Real Estate Investment Number 8 Company - --------------------------------------------------------------------------------------------------------------------- Koll Center Newport CA (2) (**) Aetna Life Insurance 50%(k) Real Estate Investment Number 9 Company - --------------------------------------------------------------------------------------------------------------------- Koll Center Newport CA (2) (**) Aetna Life Insurance 50%(l) Real Estate Investment Number 10 Company - --------------------------------------------------------------------------------------------------------------------- Koll Center Newport CA (2) (**) Aetna Life Insurance 50%(m) Real Estate Investment Number 11 Company - --------------------------------------------------------------------------------------------------------------------- Koll Center Newport CA (3) (**) Aetna Life Insurance 60% Real Estate Investment Number 14 Company - ---------------------------------------------------------------------------------------------------------------------
- -------- (g) Bay Area Mall, Inc. owns 1% of this Limited Liability Company. (h) 89% general partner and 1% limited partner. (i) Aetna Life Insurance Company is a 49% general partner and a 1% limited partner. (j) Aetna Life Insurance Company is a 49% general partner and a 1% limited partner. (k) Aetna Life Insurance Company is a 49% general partner and a 1% limited partner. (l) Aetna Life Insurance Company is a 49% general partner and a 1% limited partner. (m) Aetna Life Insurance Company is a 49% general partner and a 1% limited partner.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Pinnacle McDowell DE (5) (**) Aetna Life Insurance 100% Real Estate Holding Company Investors, L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- 1111 Pasquinelli Dr. DE (5) (**) Aetna Life Insurance 100% Real Estate Holding Company L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- 1400 Busch Parkway, DE (5) (**) Aetna Life Insurance 100% Real Estate Holding Company L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- Hayward Industrial Park CT (2) (**) Aetna Life Insurance 99% Real Estate Investment Associates Company - --------------------------------------------------------------------------------------------------------------------- Aetna Hamilton IL (2) (**) Aetna Life Insurance 62% Real Estate Partnership Company - --------------------------------------------------------------------------------------------------------------------- Waterloo Associates NC (2) (**) Aetna Life Insurance 99%(n) Real Estate Investment Limited Partnership Company - --------------------------------------------------------------------------------------------------------------------- Gables At Farmington CT (2) (**) Aetna Life Insurance 60% Real Estate Investment Associates Company - --------------------------------------------------------------------------------------------------------------------- Country Club Heights at MA (2) (**) Aetna Life Insurance 60% Real Estate Investment Woburn Associates Company - --------------------------------------------------------------------------------------------------------------------- Carlyle Club Apartments DE (5) (**) Aetna Life Insurance 100% Real Estate Holding Company Investors, L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- Citation Club DE (5) (**) Aetna Life Insurance 100% Real Estate Holding Company Investors, L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- Britcher Aetna-Laguna CA (2) (**) Aetna Life Insurance 68% Real Estate Investment Hills Company - --------------------------------------------------------------------------------------------------------------------- Harbor Business Park CA (2) (**) Aetna Life Insurance 99% Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Ensenada De Las Colinas TX (2) (**) Aetna Life Insurance 99%(o) Real Estate Investment I Associates Company - --------------------------------------------------------------------------------------------------------------------- Trevose Hospitality, CT (1) (**) Aetna Life Insurance 100% Real Estate Investment Inc. Company - ---------------------------------------------------------------------------------------------------------------------
- -------- (n) Aetna Life Insurance Company is a 99% general partner and Trumbull Three, Inc. is a 1% limited partner. (o) Aetna Life Insurance Company is a 99% general partner and Trumbull One, Inc. is a 1% limited partner.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Oaks at Valley Ranch I TX (2) (**) Aetna Life Insurance 99%(p) Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Oaks at Valley Ranch II TX (2) (**) Aetna Life Insurance 99%(q) Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- KBC-RED Hill Limited CA (2) (**) Aetna Life Insurance 80% Real Estate Investment Partnership Company - --------------------------------------------------------------------------------------------------------------------- KBC-Eastside Limited AZ (2) (**) Aetna Life Insurance 80% Real Estate Investment Partnership Company - --------------------------------------------------------------------------------------------------------------------- 900 North Stuart Street DE (5) (***) Aetna Life Insurance 100% Real Estate Holding Company Investors L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- Stuart Park Associates, VA (5) (***) 900 North Stuart 50% Real Estate Holding Company L.L.C. Street Investors L.L.C. - --------------------------------------------------------------------------------------------------------------------- Trumbull One, Inc. CT (1) (*) Aetna Life Insurance 100% Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Trumbull Three, Inc. CT (1) (*) Aetna Life Insurance 100% Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Trumbull Four, Inc. CT (1) (*) Aetna Life Insurance 100% Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Southfield Partners MD (2) (**) Aetna Life Insurance 99%(r) Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Lincoln Rancho CA (2) (**) Aetna Life Insurance 60% Real Estate Investment Cucamonga Associates Company - --------------------------------------------------------------------------------------------------------------------- 1010 Executive Court, DE (5) (***) Aetna Life Insurance 100% Real Estate Holding Company L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- Becknell Properties IL (2) (**) Aetna Life Insurance 75% Real Estate Investment Company - ---------------------------------------------------------------------------------------------------------------------
- -------- (p) Aetna Life Insurance Company is a 99% general partner and Trumbull One, Inc. is a 1% limited partner. (q) Aetna Life Insurance Company is a 99% general partner and Trumbull One, Inc. is a 1% limited partner. (r) Aetna Life Insurance Company is a 99% general partner and Trumbull Four, Inc. is a 1% limited partner.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- 3365 Enterprise Avenue DE (5) (***) Aetna Life Insurance 100% Real Estate Holding Company Investors, L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- Cherry Hill Investors CT (5) (***) Aetna Life Insurance 100% Real Estate Holding Company L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- Village Green of MI (2) (**) Aetna Life Insurance 99%(s) Real Estate Investment Madison Heights Company - --------------------------------------------------------------------------------------------------------------------- Centrum Associates CA (2) (**) Aetna Life Insurance 65% Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Tri-City Mall Associates AZ (2) (**) Aetna Life Insurance 50% Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Southwest Financial AZ (2) (**) Aetna Life Insurance 60% Real Estate Investment Associates Company - --------------------------------------------------------------------------------------------------------------------- B&H Ventures IV Limited CT (2) (**) Aetna Life Insurance 75% Real Estate Investment Partnership Company - --------------------------------------------------------------------------------------------------------------------- Champions Richland TX (2) (*) Aetna Life Insurance 99%(t) Real Estate Investment Northcourte Partnership Company - --------------------------------------------------------------------------------------------------------------------- Chris-Town Village AZ (2) (**) Aetna Life Insurance 50% Real Estate Investment Associates Company - --------------------------------------------------------------------------------------------------------------------- Arshaw Partners I TX (2) (*) Aetna Life Insurance 50% Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Arshaw Partners II TX (2) (**) Aetna Life Insurance 50% Real Estate Holding Company Company - --------------------------------------------------------------------------------------------------------------------- Assembly Square Mall LLC DE (5) (**) Aetna Life Insurance 99%(u) Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Spectrum Fashion Center AZ (2) (**) Aetna Life Insurance 50% Real Estate Investment Company - ---------------------------------------------------------------------------------------------------------------------
- -------- (s) Aetna Life Insurance Company is a 99% general partner and Trumbull Three, Inc. is a 1% limited partner. (t) Aetna Life Insurance Company is a 99% general partner and Trumbull One, Inc. is a 1% limited partner. (u) Aetna Life Insurance Company is a 99% general partner and Bay Area Mall, Inc., is a 1% general partner.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Canyon Springs TX (2) (**) Aetna Life Insurance 100%(v) Real Estate Holding Company Investment Partners L.P. Company - --------------------------------------------------------------------------------------------------------------------- Chambridgeside Galleria MA (2) (**) Aetna Life Insurance 50% Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Stamford Town Center DE (5) (***) Aetna Life Insurance 100% Real Estate Holding Company Investors L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- Rich-Taubman Associates MA (2) (***) Stamford Town Center 50% Real Estate Holding Company Investors L.L.C. - --------------------------------------------------------------------------------------------------------------------- ADBI Partnership FL (2) (**) Aetna Life Insurance 30% Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Marriott Inner Harbor MD (2) (*) Aetna Life Insurance 99% Real Estate Investment Hotel Company - --------------------------------------------------------------------------------------------------------------------- 737 North Michigan DE (5) (***) Aetna Life Insurance 100% Real Estate Holding Company Avenue Investors L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- Meridian Business DE (5) (***) Aetna Life Insurance 100% Real Estate Holding Company Campus Investors I Company L.L.C. - --------------------------------------------------------------------------------------------------------------------- 1501 Fourth Ave. WA (2) (**) Aetna Life Insurance 91%(w) Real Estate Investment Limited Partnership Company - --------------------------------------------------------------------------------------------------------------------- Thace Associates MI (2) (**) Aetna Life Insurance 25% Real Estate Investment Company - --------------------------------------------------------------------------------------------------------------------- Eastmeadow Distribution GA (2) (**) Aetna Life Insurance 99%(x) Real Estate Investment Center Limited Company Partnership - --------------------------------------------------------------------------------------------------------------------- Eastmeadow Distribution GA (2) (**) Aetna Life Insurance 99%(y) Real Estate Investment Center Phase II Limited Company Partnership - ---------------------------------------------------------------------------------------------------------------------
- -------- (v) Aetna Life Insurance Company is a 99% limited partner and Trumbull One, Inc. is a 1% general partner. (w) Aetna Life Insurance Company is a 90% general partner and a 1% limited partner. (x) Aetna Life Insurance Company is a 98% general partner and a 1% limited partner. (y) Aetna Life Insurance Company is a 98% general partner and a 1% limited partner.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- 777 Oak Lane, L.L.C. DE (5) (***) Aetna Life Insurance 100% Real Estate Holding Company Company - --------------------------------------------------------------------------------------------------------------------- Azalea Mall, L.L.C. DE (5) (**) Aetna Life Insurance 99%(z) Real Estate Holding Company Company - --------------------------------------------------------------------------------------------------------------------- Southeast Second DE (1) (*) Aetna Life Insurance 100% Real Estate Investment Avenue, Inc. Company - --------------------------------------------------------------------------------------------------------------------- Menlo One, L.L.C. DE (5) (**) Aetna Life Insurance 99%(aa) Real Estate Holding Company Company - --------------------------------------------------------------------------------------------------------------------- Central Trust Center OH (2) (**) Aetna Life Insurance 15% Real Estate Investment Associates Company - --------------------------------------------------------------------------------------------------------------------- South Center I & II DE (5) (***) Aetna Life Insurance 100% Real Estate Holding Company Investors L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- South Center III & IV DE (5) (***) Aetna Life Insurance 100% Real Estate Holding Company Investors L.L.C. Company - --------------------------------------------------------------------------------------------------------------------- Capitol District Energy CT (2) (**) AE Fourteen, Inc. 50% Cogeneration of Electrical Center Cogeneration Power Associates - --------------------------------------------------------------------------------------------------------------------- Aetna Insurance Company CT (1) (*) AHP Holdings, Inc. 100% Insurance of Connecticut - --------------------------------------------------------------------------------------------------------------------- Aetna Retirement CT (1) (*) Aetna Retirement 100% Holding Company Holdings, Inc. Services, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Investment CT (1)(*) Aetna Retirement 100% Holding Company for Adviser Holding Holdings, Inc. Investment Adviser Companies Company, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Life Insurance CT (1) (*) Aetna Retirement 100% Life Insurance, Pensions and Annuity Company Holdings, Inc. And Annuities - --------------------------------------------------------------------------------------------------------------------- Aetna Retail Holding CT (1)(*) Aetna Retirement 100% Holding Company for Retail Company, Inc. Holdings, Inc. Distribution Companies - ---------------------------------------------------------------------------------------------------------------------
- -------- (z) Southeast Second Avenue, Inc. owns 1% of these limited liability companies. (aa) Southeast Second Avenue, Inc. owns 1% of these limited liability companies.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Aetna Services Holding CT (1)(*) Aetna Retirement 100% Holding Company for Service Company, Inc. Holdings, Inc. Contract Companies - --------------------------------------------------------------------------------------------------------------------- Systematized Benefits CT (1) (*) Aetna Services 100% Third Party Administrator Administrators, Inc. Holding Company, Inc. - --------------------------------------------------------------------------------------------------------------------- Aeltus Investment CT (1) (*) Aetna Investment 100% Investment Advisor Management, Inc. Adviser Holding Company, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Insurance Agency CT (1) (*) Aetna Retail Holding 100% Holding Company Holdings Company, Inc. Company, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Investment CT (1) (*) Aetna Retail Holding 100% Distribute Securities Services, Inc. Company, Inc. Products - ALIAC and Outside Funds - --------------------------------------------------------------------------------------------------------------------- Aetna Financial CT (1) (*) Aetna Retirement 100% Broker-Dealer and Services, Inc. Holdings, Inc. Investment Advisor - --------------------------------------------------------------------------------------------------------------------- FNI International, Inc. CA (1) (*) Aetna Retail Holding 100% Holding Company Company, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Insurance Company CT (1) (*) Aetna Life Insurance 100% Write/Reinsure Life and of America and Annuity Company Annuity Business - --------------------------------------------------------------------------------------------------------------------- Aetna New Series Fund, MD (1) (**) Aetna Life Insurance 100% Regulated Investment Inc. and Annuity Company Company (Mutual Fund) - --------------------------------------------------------------------------------------------------------------------- Aetna Income Shares MA (4) (**) Aetna Life Insurance 99% Regulated Investment and Annuity Company Company (Mutual Fund) - --------------------------------------------------------------------------------------------------------------------- Aetna Variable Encore MA (4) (**) Aetna Life Insurance 100% Regulated Investment Fund and Annuity Company Company (Mutual Fund) - --------------------------------------------------------------------------------------------------------------------- Aetna GET Fund MA (4) (**) Aetna Life Insurance 100% Regulated Investment and Annuity Company Company (Mutual Fund) - --------------------------------------------------------------------------------------------------------------------- Aetna Variable MD (1) (**) Aetna Life Insurance 98%(bb) Regulated Investment Portfolios, Inc. and Annuity Company Company (Mutual Fund) - --------------------------------------------------------------------------------------------------------------------- Aetna Variable Fund MA (4) (**) Aetna Life Insurance 98% Regulated Investment and Annuity Company Company (Mutual Fund) - ---------------------------------------------------------------------------------------------------------------------
- -------- (bb) Aetna Life Insurance Company owns 2% of these funds.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Aetna Generation MD (1) (**) Aetna Life Insurance 100% Regulated Investment Portfolios, Inc. and Annuity Company Company (Mutual Fund) - --------------------------------------------------------------------------------------------------------------------- Aetna Balanced VP, Inc. MD (1) (**) Aetna Life Insurance 100% Regulated Investment and Annuity Company Company (Mutual Fund) - --------------------------------------------------------------------------------------------------------------------- Aetna Series Fund, Inc. MD (1) (**) Aetna Life Insurance 38%(cc) Regulated Investment and Annuity Company Company (Mutual Fund) - --------------------------------------------------------------------------------------------------------------------- Portfolio Partners, Inc. MD (1) (**) Aetna Life Insurance 100% Regulated Investment and Annuity Company Company (Mutual Fund) - --------------------------------------------------------------------------------------------------------------------- Financial Network CA (1) (*) FNI International, 100% Broker/Dealer Investment Corporation Inc. - --------------------------------------------------------------------------------------------------------------------- FN Insurance Agency of MA (1) (*) FNI International, 100% Broker/Dealer Massachusetts, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- FN Insurance Services, CA (1) (*) FNI International, 100% Insurance Agency Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- FN Insurance Services AL (1) (*) FNI International, 100% sale of life and health and of Alabama, Inc. Inc. variable products - --------------------------------------------------------------------------------------------------------------------- FN Insurance Services NV (1) (*) FNI International, 100% To engage as an agent, of Nevada, Inc. Inc. managing general agent broker in all classes of insurance - --------------------------------------------------------------------------------------------------------------------- Financial Network HA (1)(*) Financial Network 100% Insurance Agency and Investment Corporation Investment Corporation Insurance Broker of Hawaii - --------------------------------------------------------------------------------------------------------------------- Aetna Investment Bermuda (1) (*) Aeltus Investment 100% Holding Company Management (Bermuda) Management, Inc. Holdings Limited - --------------------------------------------------------------------------------------------------------------------- Aeltus Trust Company CT (1)(*) Aeltus Investment 100% fiduciary powers re banking Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aeltus Capital, Inc. CT (1) (*) Aeltus Investment 100% Broker-Dealer Related Management, Inc. Functions - ---------------------------------------------------------------------------------------------------------------------
- -------- (cc) Non-voting interest.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- China Dynamic Hong Kong (1) (**) Aetna Investment 50% Establish and Manage Investment Management Management (Bermuda) Collective Investment Scheme (Hong Kong) Limited Holdings Limited - --------------------------------------------------------------------------------------------------------------------- Aetna Insurance Agency, CT (1) (*) Aetna Insurance 100% Insurance agency for the Inc. Agency Holdings marketing of registered and Company, Inc. nonregistered insurance products - --------------------------------------------------------------------------------------------------------------------- Aetna Insurance Agency MA (1) (*) Aetna Insurance 100% Insurance agency for the of Massachusetts, Inc. Agency Holdings marketing of registered and Company, Inc. nonregistered insurance products - --------------------------------------------------------------------------------------------------------------------- Aetna Insurance Agency AL (1)(*) Aetna Insurance 100% Insurance agency for the of Alabama, Inc. Agency Holdings marketing of registered and Company, Inc. nonregistered insurance products - --------------------------------------------------------------------------------------------------------------------- Aetna Insurance Agency Ohio (1) (*) Aetna Insurance 90% Insurance agency for the of Ohio, Inc. Agency Holdings marketing of registered and Company, Inc. nonregistered insurance products - --------------------------------------------------------------------------------------------------------------------- Aetna International Hong Kong (1) (*) Aetna International, 100% Holding Company for Holdings (Hong Kong) I Inc. Insurance and Financial Limited Services - --------------------------------------------------------------------------------------------------------------------- East Asia Aetna Bermuda (1) (**) Aetna International, 50% Life Disability and Insurance Company Inc. Employee Benefits Ins. in (Bermuda) Ltd. H.K. - --------------------------------------------------------------------------------------------------------------------- Aetna International CT (1) (*) Aetna International, 100% Investment Management Fund Management Inc. Inc. Services - --------------------------------------------------------------------------------------------------------------------- Aetna Holdings (Cayman) Cayman (1) (**) Aetna International, 100% Insurance Company Ltd. Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Argentina S.A. Argentina (1) (*) Aetna Holdings Cayman 100% Holding Company Limited - --------------------------------------------------------------------------------------------------------------------- ALICA Holdings, Inc. CT (1) (*) Aetna International, 80% Dedicated Holding Company Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Life Insurance CT (1) (*) Aetna International, 100% Life Insurance Company of America Inc. - ---------------------------------------------------------------------------------------------------------------------
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Aetna International Hong Kong (1) (*) Aetna International, 100% Holding Company Holdings (Hong Kong) II Inc. Limited - --------------------------------------------------------------------------------------------------------------------- Aetna Internacional y Mexico (1) (**) Aetna International, 71%(dd) Holding Company Compania, S. en N.C. de Inc. C.V. - --------------------------------------------------------------------------------------------------------------------- Aetna Internacional De Mexico (1) (**) Aetna International, 100% Mexican Holding Company Mexico S.A. De C.V. Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna S.A. Chile (1) (*) Aetna International, 100% Holding Co. Inc. - --------------------------------------------------------------------------------------------------------------------- Arcella Limited Hong Kong (1) (*) Aetna International, 100% Investment & Holding Co. Inc. for Aetna's Asia Pacific Operations - --------------------------------------------------------------------------------------------------------------------- Aetna Life & Casualty Bermuda (1) (*) Aetna International, 100% Insurance, Guaranteed and Bermuda Limited Inc. Indemnity Business - --------------------------------------------------------------------------------------------------------------------- Aetna International Luxembourg (1) (*) Aetna International, 100% Investment Services Global Investment Inc. Services S.A. - --------------------------------------------------------------------------------------------------------------------- Inversiones Mercantil Venezuela (1) (*) Aetna International, 50% Insurance Company Aetna, C.A. Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Heart Investment Taiwan (1) (*) Aetna International, 80% Holding Company Holdings Limited Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Life and Casualty Netherlands Antilles Aetna International, 100% Finance Investment Company International Finance (1) (*) Inc. N.V. - --------------------------------------------------------------------------------------------------------------------- Sul America Aetna Brazil Aetna International, 49% Insurance Seguros de Previdencia Inc. S.A. - --------------------------------------------------------------------------------------------------------------------- Aetna Investment Australia (1) (*) Aetna International, 100% Stockbroking Management (Australia) Inc. Limited - --------------------------------------------------------------------------------------------------------------------- Aetna Capital Holdings, CT (1) (*) Aetna International, 100% Holding Company Inc. Inc. - ---------------------------------------------------------------------------------------------------------------------
- -------- (dd) Aetna International de Mexico, S.A. de C.V. and AE Five, Incorporated own each 15% of Aetna Internacional y Compania, S. en N.C. de C.V.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Aetna Securities Taiwan (1) (*) Aetna International, 80% Securities Investment Investment Management Inc. Advisor (Taiwan) Ltd. - --------------------------------------------------------------------------------------------------------------------- Aetna Capital U.K. (1) (*) Aetna International, 100% Promoter of Offshore Mutual Management Inc. Funds or other Open-Ended International Ltd. Investment Vehicles - --------------------------------------------------------------------------------------------------------------------- AE Five Incorporated CT (1) (*) Aetna International, 100% Holding Company Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Salud S.A. Argentina (1) (*) Aetna International, 100% Managing of Health Services Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Vida S.A. Argentina (1) (*) Aetna International, 100% Health and Life Insurance Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Investment Hong Kong (1) (*) Aetna International, 100% Investment Management & Management (F.E.) Inc. Advisory Services for Nominees Limited Individual Clients and Investment Funds - --------------------------------------------------------------------------------------------------------------------- Aetna Canada Holdings Canada (1) (*) Aetna International, 100% Investment Holding Company Limited Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Investment Taiwan (1) (*) Aetna International, 80% Provide Non-Security Management (Taiwan) Inc. Business and Investment Limited Advice - --------------------------------------------------------------------------------------------------------------------- Aetna International New Zealand (1) (*) Aetna International, 100% Holding Company (N.Z.) Limited Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Investment Hong Kong (1) (*) Aetna International, 100% Investment Holding Company Management (F.E.) Inc. Holdings Limited - --------------------------------------------------------------------------------------------------------------------- Aetna Phillippine Phillippine (1) (*) Aetna International, 100% Holding Company Ventures, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Life Insurance Philippines (1) (*) Aetna Philippine 100% Life Insurance Inc. Ventures, Inc. - ---------------------------------------------------------------------------------------------------------------------
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Aetna Healthcare, Inc. Philippines (1) (*) Aetna Life Insurance 100% Insurance Inc. - --------------------------------------------------------------------------------------------------------------------- Blue Cross (Asia Hong Kong (1) (**) Aetna International 35%(ee) Underwriter Casualty and Pacific) Insurance Ltd. Holdings (Hong Kong) General Insurance in Hong I Limited Kong and Macau - --------------------------------------------------------------------------------------------------------------------- East Asia Aetna Hong Kong (1) (**) East Asia Aetna 100% Management services to Services Company Insurance Company associate companies Limited (Bermuda) Ltd. - --------------------------------------------------------------------------------------------------------------------- The Aetna International Luxembourg (1) (***) Aetna Life Insurance 03%(ff) An Undertaking for the Umbrella Fund Company of America Collective Investment in Transferable Securities - --------------------------------------------------------------------------------------------------------------------- PT Aetna Life Insurance Indonesia (1) (**) Aetna Life Insurance 80% Limited Liability Life Indonesia Company of America Insurance Company - --------------------------------------------------------------------------------------------------------------------- Daya Aetna (Malaysia) Malaysia (1) (*) Aetna International 82% Holding Company SDN. BHD. Holdings (Hong Kong) II Limited - --------------------------------------------------------------------------------------------------------------------- Aetna Universal Malaysia (1) (*) Daya Aetna (Malaysia) 100% Individual Life, Home Insurance Berhad SDN. BHD. Service, Group and General Insurance - --------------------------------------------------------------------------------------------------------------------- Aetna Heart Co., Ltd. Taiwan (1) (a) Aetna Heart 100% Trading Company - Marketing Investment Holdings of Gifts and Souvenirs Limited - --------------------------------------------------------------------------------------------------------------------- Aetna South Life Agency Taiwan (1) (a) Aetna Heart 100% Administrative Support Co., Ltd. Investment Holdings Limited - --------------------------------------------------------------------------------------------------------------------- Huei Hong Securities Taiwan (1) (a) Aetna Heart 20% Securities Trading Co., Ltd. Investment Holdings Limited - --------------------------------------------------------------------------------------------------------------------- Aetna Heart Publishing Taiwan (1) (a) Aetna Heart 100% Trading Company Company Ltd. Investment Holdings Limited - ---------------------------------------------------------------------------------------------------------------------
- -------- (ee) East Asia Aetna Insurance Company (Bermuda) Ltd. Owns 30% of Blue Cross (Asia Pacific) Insurance Ltd. (ff) Percentage controlled by Aetna Services, Inc. includes ownership by the following: Aetna Services, Inc. 1%, Aetna Life & Casualty Bermuda Limited 3%, Aetna Life Insurance Company of Canada 1% and Aetna Securities Investment Management (Taiwan) Ltd. 25%.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Seguros Mercantil, C.A. Venezuela (1) (*) Inveriones Mercantil 100% Insurance Company Aetna, Inc. - --------------------------------------------------------------------------------------------------------------------- Seguros Monterrey Mexico (1) (**) AE Five Incorporated 14%(gg) Insurance and Reinsurance Aetna, S.A. - --------------------------------------------------------------------------------------------------------------------- Fianzas Monterrey Mexico (1) (**) AE Five Incorporated 14%(gg) Issuance of Bonds Aetna, S.A. - --------------------------------------------------------------------------------------------------------------------- Aetna (Netherlands) Netherlands (1) (*) Aetna Life and 100% Finance Company Holdings B.V. Casualty International Finance N.V. - --------------------------------------------------------------------------------------------------------------------- Travelguard Limited Hong Kong (1) (*) Blue Cross (Asia 100% Insurance Agent Pacific) Insurance Ltd. - --------------------------------------------------------------------------------------------------------------------- Toursafe Limited Hong Kong (1) (*) Blue Cross (Asia 100% Insurance Agent Pacific) Insurance Ltd. - --------------------------------------------------------------------------------------------------------------------- Travelsafe Limited Hong Kong (1) (*) Blue Cross (Asia 100% Insurance Agent for its Pacific) Insurance Ultimate Holding Company Ltd. - --------------------------------------------------------------------------------------------------------------------- Multiasistencia, S.A. Mexico (1) (**) Seguros Bancomer, 50%(hh) Administrative Services in de C.V. S.A. de C.V. Connection with Insurance Claims - --------------------------------------------------------------------------------------------------------------------- Meximed, S.A. de C.V. Mexico (1) (**) Seguros Bancomer, 50%(hh) Services for Insureds for S.A. de C.V. Hospitals Admissions and Claims Processing - --------------------------------------------------------------------------------------------------------------------- Seguros Bancomer, S.A. Mexico (1) (**) Aetna Internacional 49% Insurance and Reinsurance de C.V. Compania S en N.C. de Company C.V. - ---------------------------------------------------------------------------------------------------------------------
- -------- (gg) Aetna International, Inc. owns 14% of this company, Aetna Internacional de Mexico, S.A. de C.V. owns 13% of this company and Aetna Internacional Compania, S en CV de C.V. owns 8% of this company. (hh) Seguros Monterrey Aetna, S.A. owns 50% of the Multiasistencia, S.A. de C.V. and Meximed S.A. de C.V.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Pensiones Bancomer S.A. Mexico (1) (**) Aetna Internacional 49% Insurance Company de C.V. Compania S en N.C. de C.V. - --------------------------------------------------------------------------------------------------------------------- Administradora de Mexico (1) (**) Aetna Internacional 49%(ii) Retirement Funds Management Fondos Para el Retiro Compania S en N.C. de Company Bancomer, S.A. de C.V. C.V. - --------------------------------------------------------------------------------------------------------------------- Grupo Vamsa, S.A. de Mexico (1) (**) Aetna Internacional 49% Legal Administration and C.V. Compania S en N.C. de Financial Services C.V. - --------------------------------------------------------------------------------------------------------------------- Asesores en Promocion Mexico (1) (**) Seguros Bancomer, 33%(jj) Marketing of Seguros Segunomina S.A. de C.V. S.A. de C.V. Products/Payroll Discounts - --------------------------------------------------------------------------------------------------------------------- Inverval De Mexico S.A. Mexico (1) (*) Aetna Internacional 100% Holding Company de C.V. Compania S en N.C. de C.V. - --------------------------------------------------------------------------------------------------------------------- AE Five Compania S. de Mexico (1) (*) Aetna Ninernacional 100% Limited Limitability R.L. de C.V. Compania S en N.C. de Company formed under Mex. C.V. Law for the purpose of issuing CPOs in Mexico. - --------------------------------------------------------------------------------------------------------------------- Aetna Chile Seguros Chile (1) (*) Aetna S.A. 98% Casualty Insurance Company Generales S.A. - --------------------------------------------------------------------------------------------------------------------- Aetna Administradora de Chile (1) (*) Aetna S.A. 100% Real Estate Investment Fondos de Inversion S.A. Trust Management Co. - --------------------------------------------------------------------------------------------------------------------- Aetna Chile Seguros de Chile (1) (*) Aetna S.A. 100% Life Insurance Company Vida S.A. - --------------------------------------------------------------------------------------------------------------------- Aetna Pensiones S.A. Chile (1) (*) Aetna S.A. 100% Holding Company - --------------------------------------------------------------------------------------------------------------------- Aetna Credito Chile (1) (*) Aetna S.A. 100% Mortgage Company Hipotecario S.A. - ---------------------------------------------------------------------------------------------------------------------
- -------- (ii) Administradora de Fondos de Pensiones Santa Maria S.A. owns 16% of Administradora de Fondos Para el Retiro Bancomer, S.A. de C.V. (jj) Seguros Monterrey Aetna, S.A. owns 34% and Pensiones Bancomer, S.A. de C.V. owns 33% of Agesores en Promocion Segunomina, S.A. de C.V.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Cruz-Blanca Isapre, Chile (1) (*) Aetna S.A. 75% Insurance Company S.A. - --------------------------------------------------------------------------------------------------------------------- Aetna International Peru (1) (*) Aetna S.A. 86%(kk) Holding Company Peru S.A. - --------------------------------------------------------------------------------------------------------------------- Aetna Salud S.A. Chile (1) (*) Aetna S.A. 90% Health Indemnity - Chile - --------------------------------------------------------------------------------------------------------------------- Administradora de Chile (1) (*) Aetna Pensiones S.A. 71% Pension Funds Management Fondos de Pensiones Company Santa Maria S.A. - --------------------------------------------------------------------------------------------------------------------- Santa Maria Chile (1) (*) Administradora de 100% Pension Administration Internacional S.A. Fondos de Pensiones Santa Maria S.A. - --------------------------------------------------------------------------------------------------------------------- Aetna Pensiones Peru Peru (1) (**) Santa Maria 66%(ll) Investment S.A. Internacional S.A. - --------------------------------------------------------------------------------------------------------------------- Administradora de Peru (1) (**) Aetna Pensiones Peru 40%(mm) Pension Funds Management Fondos de Pensiones S.A. Company Integra S.A. - --------------------------------------------------------------------------------------------------------------------- Wiese Aetna Compania de Peru (1) (*) Aetna International 34% Insurance and Reinsurance Seguros S.A. Peru S.A. - --------------------------------------------------------------------------------------------------------------------- Immobilaria Padre Chile (1) (*) Aetna Credito 99%(nn) Real Estate Development Marinano S.A. Hipotecario S.A. - --------------------------------------------------------------------------------------------------------------------- Sul America Previdencia Brazil (1) (*) Sul America Aetna 100% Pension Privada Seguros de Previdencia S.A. - --------------------------------------------------------------------------------------------------------------------- Sul America Servicos Brazil (1) (*) Sul America Aetna 100% Health Administrator Medicos S.A. Seguros de Previdencia S.A. - ---------------------------------------------------------------------------------------------------------------------
- -------- (kk) Aetna Chile Seguros De Vida S.A. and Aetna Chile Seguros Generales S.A. have combined ownership of 14%. (ll) Aetna S.A. owns 34% of this company. (mm) Aetna Pensiones Peru S.A. owns 40% of this company. (nn) Aetna S.A. owns 1% of this company.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Clube Dos Executivos, Brazil (1) (*) Sul American Aetna 100% Life insurance sponsor S.A. Seguros de Previdencia S.A. - --------------------------------------------------------------------------------------------------------------------- Brasilprev Previdencia Brazil (1) (**) Sul America Aetna 22% Pension Privada S.A. Seguros de Previdencia S.A. - --------------------------------------------------------------------------------------------------------------------- Brasilsaude Companhia Brazil (1) (*) Sul America Aetna 51% Insurance de Segoros Seguros de Previdencia S.A. - --------------------------------------------------------------------------------------------------------------------- Aetna Health Management Ontario (1)(*) Aetna Canada Holdings 100% Managed Healthcare Canada, Inc. Limited - --------------------------------------------------------------------------------------------------------------------- Aetna Life Acceptance Ontario (1) (*) Aetna Canada Holdings 100% Provision of Financial Corporation Limited Limited Assistance to Agents to Assist in Growth of Business - --------------------------------------------------------------------------------------------------------------------- Equinox Financial Group Canada (1) (*) Aetna Canada Holdings 92%(oo) Distributor of Life Inc. Limited Insurance, Financial and Related Products - --------------------------------------------------------------------------------------------------------------------- 2733854 Canada Ltd. Canada (1) (*) Aetna Canada Holdings 70%(pp) Marketing of Life Ins. and Limited Related Products - --------------------------------------------------------------------------------------------------------------------- AlphaQuest Capital Ontario (1) (***) Aetna Canada Holdings 15% Investment Counselor Management Limited Limited Portfolio Manager - --------------------------------------------------------------------------------------------------------------------- Aetna Life Insurance Canada (1) (*) Aetna Canada Holdings 100% Life, Accident and Sickness Company of Canada Limited Insurance - --------------------------------------------------------------------------------------------------------------------- First Canadian Health Canada (1) (**) Aetna Health 49% Managed Health Services Management Corporation, Management Canada, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Canadian Corporate Canada (1) (*) Aetna Health 75% Managed Health Services Health Solutions Inc. Management Canada, Inc. - ---------------------------------------------------------------------------------------------------------------------
- -------- (oo) Aetna Life Insurance Company of Canada owns 8% of this corporation. (pp) Equinox Financial Group, Inc. owns 30% of this corporation.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Trillenium Investors Canada (1) (*) Equinox Financial 100% Mutual Funds Services Inc. Group Inc. - --------------------------------------------------------------------------------------------------------------------- Landex Properties Ltd. British Columbia (1) Aetna Life Insurance 100% Real Estate Acquisitions (*) Company of Canada - --------------------------------------------------------------------------------------------------------------------- Aetna Benefits Canada (1) (*) Aetna Life Insurance 100% Claims Administration and Management, Inc. Company of Canada Actuarial Services - --------------------------------------------------------------------------------------------------------------------- Mount-Batten Properties Ontario (1) (*) Aetna Life Insurance 100% Acquisition, Development Limited Company of Canada and Management of Real Estate - --------------------------------------------------------------------------------------------------------------------- 3158047 Canada Limited Canada (1) (*) Aetna Life Insurance 100% Acquisition, Development Company of Canada and Management of Real Estate - --------------------------------------------------------------------------------------------------------------------- Financial Life Canada (1) (*) Aetna Life Insurance 100% Insurance company Assurance Company of Company of Canada Canada - --------------------------------------------------------------------------------------------------------------------- Eclipse Claims Services Canada (1) (**) Aetna Life Insurance 25% Electronic Claims Inc. Company of Canada Adjudication Services - --------------------------------------------------------------------------------------------------------------------- PVS Preferred Vision Canada (1) (**) Aetna Benefits 20% Provider of Ophthalmic, Services Inc. Management, Inc. Service for Four Major Shareholders - --------------------------------------------------------------------------------------------------------------------- Churchill Office Park Canada (1) (**) Mount-Batten 45% Real Estate Development of Limited Properties Limited Ottawa Site - --------------------------------------------------------------------------------------------------------------------- Aetna Health (N.Z.) New Zealand (1) (**) Aetna International 50% Health Insurance Limited (N.Z) Limited Underwriting - --------------------------------------------------------------------------------------------------------------------- Aetna Life Insurance New Zealand (1) (*) Aetna Health (N.Z.) 100% Group Benefits/Pension (N.Z.) Limited Limited Management - --------------------------------------------------------------------------------------------------------------------- Human Affairs Limited New Zealand (1) (*) Aetna Health (N.Z.) 100% Indemnity Health Insurance (N.Z.) Limited - --------------------------------------------------------------------------------------------------------------------- First Health (New New Zealand (1) (*) Aetna Health (N.Z.) 100% Super Annuitization/Long Zealand Limited) Limited Term Care - --------------------------------------------------------------------------------------------------------------------- Prime Health Limited New Zealand (1) (*) First Health (New 50% Buying and Managing Risk Zealand) Limited for Publicly Funded Health Services and Providing Management Services and Infrastructure To its Network of Doctors - ---------------------------------------------------------------------------------------------------------------------
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Managed Care New New Zealand (1) (*) Human Affairs (NZ) 100% Long Term Care provider Zealand Limited Limited - --------------------------------------------------------------------------------------------------------------------- PLJ Holdings Limited Hong Kong (1) (*) Aetna Investment 100% Investment Management & Management (F.E.) Securities Trading Holdings Limited - --------------------------------------------------------------------------------------------------------------------- Aetna International Hong Kong (1) (*) Aetna Investment 100% Investment & Unit Trust Fund Managers Limited Management (F.E.) Management Holdings Limited - --------------------------------------------------------------------------------------------------------------------- Aetna Investment Hong Kong (1) (*) Aetna Investment 100% Nominee Services Holding Management (F.E.) Management (F.E.) Assets of AIM F.E.'s Limited Holdings Limited Customers in Street Name - --------------------------------------------------------------------------------------------------------------------- Kwang HUA Securities Taiwan (1) (***) Aetna Investment 20% Securities Investment & Investment & Trust Co. Management (F.E.) Trust Ltd. Holdings Limited - --------------------------------------------------------------------------------------------------------------------- Kwang HUA Securities Taiwan (1) (***) PLJ Holdings Limited 20% Investment Consulting Investment Consultant Company Co. Ltd. - --------------------------------------------------------------------------------------------------------------------- U.S. Healthcare DE (1) (*) Aetna U.S. Healthcare 100% Holding Company Financial Services, Inc. Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- Primary Holdings, Inc. DE (1) (*) Aetna U.S. Healthcare 100% Holding Company Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- Aetna Health DE (1) (*) Aetna U.S. Healthcare 100% HMO Management Company Management, Inc. Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans, DE (1) (*) Aetna U.S. Healthcare 100% Holding Company Inc. Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare PA (1) (*) Aetna U.S. Healthcare 100% Dental Dental Plan, Inc. Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- U.S. Healthcare Dental NJ (1) (*) Aetna U.S. Healthcare 100% Dental Plan, Inc. Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- U.S. Healthcare Dental DE (1) (*) Aetna U.S. Healthcare 100% Dental Plan, Inc. Inc. (PA) - ---------------------------------------------------------------------------------------------------------------------
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- U.S. Health Insurance NY (1) (*) Aetna U.S. Healthcare 100% Accident and Health Company Inc. (PA) Insurance Company - --------------------------------------------------------------------------------------------------------------------- Corporate Health PA (1) (*) Aetna U.S. Healthcare 100% Accident and Health Insurance Company Inc. (PA) Insurance Company - --------------------------------------------------------------------------------------------------------------------- U.S. Managed Care, Inc. MD (1) (*) Aetna U.S. Healthcare 100% Utilization Review Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, NJ (1) (*) Aetna U.S. Healthcare 100% HMO Inc. Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, NY (1) (*) Aetna U.S. Healthcare 100% HMO Inc. Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, CT (1) (*) Aetna U.S. Healthcare 100% HMO Inc. Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, MA (1) (*) Aetna U.S. Healthcare 100% HMO Inc. Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, DE (1) (*) Aetna U.S. Healthcare 100% HMO Inc. (DE) Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare NH (1) (*) Aetna U.S. Healthcare 100% HMO of New Hampshire, Inc. Inc. (PA) - --------------------------------------------------------------------------------------------------------------------- Advent Investments, Inc. DE (1) (*) U.S. Healthcare 100% DE Holding Company Financial Services, Inc. - --------------------------------------------------------------------------------------------------------------------- Independent DE (1) (*) U.S. Healthcare 100% DE Holding Company Investments, Inc. Financial Services, Inc. - --------------------------------------------------------------------------------------------------------------------- United States PA (1) (*) U.S. Healthcare 100% Financial Services to Physicians Care Financial Services, Physicians Systems, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- United States Home PA (1) (*) U.S. Healthcare 100% Inactive - other Medical Health Care Systems, Financial Services, Services Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- U.S. Health Aviation PA (1) (*) U.S. Healthcare 100% Ownership and Operation of Corp. Financial Services, Airplanes Inc. - --------------------------------------------------------------------------------------------------------------------- U.S. Healthcare PA (1) (*) U.S. Healthcare 100% Holding Company for Real Properties, Inc. Financial Services, Estate Inc. - ---------------------------------------------------------------------------------------------------------------------
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Inteli-Health, Inc. DE (1) (*) U.S. Healthcare 98% Software Development Financial Services, Inc. - --------------------------------------------------------------------------------------------------------------------- USHC Management DE (1) (*) U.S. Healthcare 100% Management and Financial Services Corporation Financial Services, Services to Network Inc. Providers - --------------------------------------------------------------------------------------------------------------------- U.S. Healthcare DE (1) (*) Advent Investments, 100% Holding Company Advantage, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Wissahickon Payment DE (1) (*) Advent Investments, 100% Third Party Administrator Administrators, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Advent Financial DE (1) (*) U.S. Healthcare 100% Holding Company Services, Inc. Advantage, Inc. - --------------------------------------------------------------------------------------------------------------------- Corporate Health PA (1) (*) Advent Financial 100% Third Party Administrator Administrators, Inc. Services, Inc. for Self-Insured Plans - --------------------------------------------------------------------------------------------------------------------- Managed Care DE (1) (*) Advent Financial 100% Evaluation and Coordinators, Inc. Services, Inc. Administration of Multiple Health Plans - --------------------------------------------------------------------------------------------------------------------- U.S. Phoenix Corporation PA (1) (*) Advent Financial 100% Shell Services, Inc. - --------------------------------------------------------------------------------------------------------------------- U.S. Quality PA (1) (*) Advent Financial 100% Services to Analyze the Algorithms, Inc. Services, Inc. Quality and Effectiveness of Medical Care - --------------------------------------------------------------------------------------------------------------------- Workers Comp Advantage, PA (1) (*) Advent Financial 100% Case Management and other Inc. Services, Inc. Medical Management Services for Employers on Costs Related to Workers' Compensation Claims - --------------------------------------------------------------------------------------------------------------------- Primary Investments, DE (1) (*) Primary Holdings, Inc. 100% Holding Company Inc. - ---------------------------------------------------------------------------------------------------------------------
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- United States Health PA (1) (*) Primary Investments, 100% HMO Care Systems of Inc. Pennsylvania, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare VA (1) (*) Primary Investments, 26%(qq) HMO Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- U.S. Healthcare, Inc. OH (1) (*) Primary Investments, 100% HMO Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare NC (1) (*) Primary Investments, 100% HMO of the Carolinas, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Chickering Claims MA (1) (**) Primary Investments, 47% Third Party Claims Administrators, Inc. Inc. Administration Business - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare GA (1) (*) Primary Investments, 63% HMO of Georgia, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Advent HMO Corporation ND (1) (*) Primary Investments, 100% Inactive Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare AL (1) (*) Primary Investments, 100% HMO of Alabama, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- U.S. Health Insurance CT (1) (*) Primary Investments, 100% Accident and Health Company Inc. Insurance Company - --------------------------------------------------------------------------------------------------------------------- AUSHC Inc. AL (1)(*) Primary Investments, 100% HMO Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, MI (1) (*) Primary Investments, 100% HMO Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, OK (1) (*) Primary Investments, 100% HMO Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- U.S. Healthcare, Inc. MO (1) (*) Primary Investments, 100% HMO Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare DE (1) (*) Primary Investments, 100% Holding Company Holdings, Inc. Inc. - ---------------------------------------------------------------------------------------------------------------------
- -------- (qq) Aetna Health Management, Inc. owns 74% of Aetna U.S. Healthcare, Inc. (VA)
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare WA (1) (*) Primary Investments, 100% HMO Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, CO (1) (*) Aetna U.S. Healthcare 100% HMO Inc. Holdings, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, OH (1) (*) Aetna Health 100% HMO Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare CA (1) (*) Aetna Health 100% Provide Pre-Paid Dental Dental Plan of Management, Inc. Services California Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, FL (1) (*) Aetna Health 100% HMO Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Informed Health, Inc. DE (1) (*) Aetna Health 100% Sponsors Health Information Management, Inc. Service - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, TN (1) (*) Aetna Health 100% HMO Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare GA (1) (*) Aetna Health 37%(rr) HMO of Georgia, Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Dental Care of NJ (1) (*) Aetna Health 100% Dental Care New Jersey, Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- AUSHC Holdings, Inc. DE (1) (*) Aetna Health 100% Holding Company Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, VA (1) (*) Aetna Health 74%(ss) HMO Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Health Plans of NC (1) (*) Aetna Health 100% HMO the Carolinas, Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, AZ (1) (*) Aetna Health 100% HMO Inc. Management, Inc. - ---------------------------------------------------------------------------------------------------------------------
- -------- (rr) Primary Investments, Inc. owns 63% of Aetna U.S. Healthcare of Georgia, Inc. (ss) Primary Investments, Inc. owns 26% of Aetna U.S. Healthcare, Inc. (VA)
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Aetna Dental Care of TX (1)(*) Aetna Health 100% HMO offering single health Texas, Inc. Management, Inc. service plan - dental - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare IL (1) (*) Aetna Health 100% HMO of Illinois, Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Dental Care of KY (1) (*) Aetna Health 100% Dental Plan Organization Kentucky, Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Health Plans of PA (1) (*) Aetna Health 100% HMO Central and Eastern Management, Inc. Pennsylvania, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, TX (1) (*) Aetna Health 100% HMO Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare, LA (1) (*) Aetna Health 100% HMO Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- MED Southwest, Inc. TX (1) (*) Aetna Health 55% Holding Company Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Freedom Choice, Inc. PA (1)(*) Aetna Health Plans of 100% Third Party Administrator Central and Eastern Pennsylvania, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Government Health CA (1) (*) Aetna Health 100% Sponsors Champus Business Plans, Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare CA (1) (*) Aetna Health 100% HMO of California, Inc. Management, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Health Plans of NY (1) (*) AUSHC Holdings, Inc. 100% HMO New York, Inc. - --------------------------------------------------------------------------------------------------------------------- Aetna Health Plans of NJ (1) (*) AUSHC Holdings, Inc. 100% HMO New Jersey, Inc. - --------------------------------------------------------------------------------------------------------------------- Southwest Physicians TX (1) (*) MED Southwest, Inc. 100% Life and Health Insurer Life Insurance Company - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare TX (1) (*) MED Southwest, Inc. 100% HMO of North Texas Inc. - ---------------------------------------------------------------------------------------------------------------------
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans of OK (1) (*) NYLCare Health Plans, 100% Holding Company the Southwest Inc. (Oklahoma), Inc. - --------------------------------------------------------------------------------------------------------------------- Lonestar Holding Co. DE (1) (*) NYLCare Health Plans, 100% Holding Company Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare of Texas, Inc. TX (1) (*) NYLCare Health Plans, 100% Management Company for PPO Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans of LA (1) (*) NYLCare Health Plans, 100% HMO Louisiana, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans of PA (1) (*) NYLCare Health Plans, 100% HMO Pennsylvania, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- One Liberty Plaza DE (1) (*) NYLCare Health Plans, 100% Special Purpose Funding Holdings, Inc. Inc. Entity for Industrial Development Agency Transaction - --------------------------------------------------------------------------------------------------------------------- Benefit Panel Services, CA (1) (*) NYLCare Health Plans, 50% Manages HMOs Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare Dental Plans of TX (1) (*) NYLCare Health Plans, 100% Dental HMO the Southwest, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Sanus Preferred IL (1) (*) NYLCare Health Plans, 100% PPO Services of Illinois, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Sanus Preferred CA (1) (*) NYLCare Health Plans, 100% PPO Providers West, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Sanus Northeast, Inc. DE (1) (*) NYLCare Health Plans, 100% Management Company Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans of TX (1) (*) NYLCare Health Plans, 100% HMO the Southwest, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans of IL (1) (*) NYLCare Health Plans, 100% HMO the Midwest, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare of New England, DE (1) (*) NYLCare Health Plans, 100% Management Company Inc. Inc. - ---------------------------------------------------------------------------------------------------------------------
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans of NY (1) (*) NYLCare Health Plans, 100% HMO New York, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans of NJ (1) (*) NYLCare Health Plans, 100% HMO New Jersey, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans of CT (1) (*) NYLCare Health Plans, 100% HMO Connecticut, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare of Connecticut, CT (1) (*) NYLCare Health Plans, 100% PPO Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare Preferred MD (1) (*) NYLCare Health Plans, 100% PPO Services, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Sanus of New York and NY (1) (*) NYLCare Health Plans, 100% PPO New Jersey, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Sanus Dental Plan of NJ (1) (*) NYLCare Health Plans, 100% Dental HMO N.J., Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- The Ethix Corporation DE (1) (*) NYLCare Health Plans, 100% Holding Company of PPO Inc. Network - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans of ME (1) (*) NYLCare Health Plans, 100% HMO Maine, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- New York Life and DE (1) (*) NYLCare Health Plans, 100% Reinsurance Health Insurance Company Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans of MD (1) (*) NYLCare Health Plans, 80%(tt) HMO the Mid-Atlantic, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Physicians Health MD (1) (*) NYLCare Health Plans 100% Physicians Independent Services, Foundation, of the Mid-Atlantic, Practice Association Inc. Inc. - ---------------------------------------------------------------------------------------------------------------------
- -------- (tt) Physicians Health Services Foundation, Inc. owns 20% of this company.
COMPANY ORGANIZATION LIST - --------------------------------------------------------------------------------------------------------------------- COMPANY STATE IMMEDIATE OWNER OWNERSHIP PRINCIPAL BUSINESS PERCENTAGE+ - --------------------------------------------------------------------------------------------------------------------- Lone star Health Plan, TX (1) (*) Lonestar Holding Co. 90%(uu) Holding Company Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare Passport PPO of TX (1) (*) NYLCare of Texas, Inc. 100% PPO the Southwest, Inc. - --------------------------------------------------------------------------------------------------------------------- BPS Health Plan CA (1) (*) Benefit Panel 100% Third Party Administrator Administrators Services, Inc. - --------------------------------------------------------------------------------------------------------------------- VivaHealth, Incorporated CA (1) (*) Benefit Panel 100% HMO Services, Inc. - --------------------------------------------------------------------------------------------------------------------- NYLCare Health Plans of TX (1) (*) Lonestar Health Plan, 100% HMO the Gulf Coast, Inc. Inc. - --------------------------------------------------------------------------------------------------------------------- Ethix Northwest, Inc. WA (1) (*) The Ethix Corporation 100% PPO - --------------------------------------------------------------------------------------------------------------------- Ethix Northwest Public WA (1) (*) The Ethix Corporation 100% Managed Care Services to Services, Inc. Medicaid Recipients - --------------------------------------------------------------------------------------------------------------------- Ethix Pacific, Inc. OR (1) (*) The Ethix Corporation 100% PPO - --------------------------------------------------------------------------------------------------------------------- Ethix Risk Management, OR (1) (*) The Ethix Corporation 100% Inactive Shell Corporation Inc. - --------------------------------------------------------------------------------------------------------------------- Ethix Midlands, Inc. DE (1) (*) The Ethix Corporation 100% PPO - --------------------------------------------------------------------------------------------------------------------- Ethix Great Lakes, Inc. MI (1) (*) The Ethix Corporation 100% PPO - --------------------------------------------------------------------------------------------------------------------- Ethix Mid-Rivers, Inc. MO (1) (*) The Ethix Corporation 100% PPO - --------------------------------------------------------------------------------------------------------------------- Ethix Mid-Atlantic, Inc. PA (1) (*) The Ethix Corporation 100% PPO - --------------------------------------------------------------------------------------------------------------------- Ethix Southwest, Inc. TX (1) (*) The Ethix Corporation 100% PPO - --------------------------------------------------------------------------------------------------------------------- Aetna U.S. Healthcare WA (1) (*) Ethix Northwest, Inc. 100% HMO of Washington, Inc. - ---------------------------------------------------------------------------------------------------------------------
- -------- (uu) NYLCare Health Plans, Inc. owns 10% of this company. Item 27. Number of Contract Owners - ---------------------------------- As of November 30, 1998, there were 73,732 individuals holding interests in variable annuity contracts funded through Variable Annuity Account B. Item 28. Indemnification - ------------------------ Section 21 of Public Act No. 97-246 of the Connecticut General Assembly (the "Act") provides that a corporation may provide indemnification of or advance expenses to a director, officer, employee or agent only as permitted by Sections 33-770 to 33-778, inclusive, of the Connecticut General Statutes, as amended by Sections 12 to 20, inclusive, of this Act. Reference is hereby made to Section 33-771(e) of the Connecticut General Statutes ("CGS") regarding indemnification of directors and Section 33-776(d) of CGS regarding indemnification of officers, employees and agents of Connecticut corporations. These statutes provide in general that Connecticut corporations incorporated prior to January 1, 1997 shall, except to the extent that their certificate of incorporation expressly provides otherwise, indemnify their directors, officers, employees and agents against "liability" (defined as the obligation to pay a judgment, settlement, penalty, fine, including an excise tax assessed with respect to an employee benefit plan, or reasonable expenses incurred with respect to a proceeding) when (1) a determination is made pursuant to Section 33-775 that the party seeking indemnification has met the standard of conduct set forth in Section 33-771 or (2) a court has determined that indemnification is appropriate pursuant to Section 33-774. Under Section 33-775, the determination of and the authorization for indemnification are made (a) by the disinterested directors, as defined in Section 33-770(3); (b) by special counsel; (c) by the shareholders; or (d) in the case of indemnification of an officer, agent or employee of the corporation, by the general counsel of the corporation or such other officer(s) as the board of directors may specify. Also, Section 33-772 provides that a corporation shall indemnify an individual who was wholly successful on the merits or otherwise against reasonable expenses incurred by him in connection with a proceeding to which he was a party because he was a director, officer, employee or agent of the corporation. In the case of a proceeding by or in the right of the corporation or with respect to conduct for which the director, officer, agent or employee was adjudged liable on the basis that he received a financial benefit to which he was not entitled, indemnification is limited to reasonable expenses incurred in connection with the proceeding against the corporation to which the individual was named a party. The statute does specifically authorize a corporation to procure indemnification insurance on behalf of an individual who was a director, officer, employer or agent of the corporation. Consistent with the statute, Aetna Inc. has procured insurance from Lloyd's of London and several major United States excess insurers for its directors and officers and the directors and officers of its subsidiaries, including the Depositor. Item 29. Principal Underwriter - ------------------------------ (a) In addition to serving as the principal underwriter and depositor for the Registrant, Aetna Life Insurance and Annuity Company (Aetna) also acts as the principal underwriter, only, for Aetna Variable Encore Fund, Aetna Variable Fund, Aetna Generation Portfolios, Inc., Aetna Income Shares, Aetna Balanced VP, Inc. (formerly Aetna Investment Advisers Fund, Inc.), Aetna GET Fund, and Aetna Variable Portfolios, Inc. and as the principal underwriter and investment adviser for Portfolio Partners, Inc. (all management investment companies registered under the Investment Company Act of 1940 (1940 Act)). Additionally, Aetna acts as the principal underwriter and depositor for Variable Life Account B of Aetna, Variable Annuity Account C of Aetna and Variable Annuity Account G of Aetna (separate accounts of Aetna registered as unit investment trusts under the 1940 Act). Aetna is also the principal underwriter for Variable Annuity Account I of Aetna Insurance Company of America (AICA) (a separate account of AICA registered as a unit investment trust under the 1940 Act). (b) See Item 25 regarding the Depositor. (c) Compensation as of December 31, 1997:
(1) (2) (3) (4) (5) Name of Net Underwriting Compensation Principal Discounts and on Redemption Brokerage Underwriter Commissions or Annuitization Commissions Compensation* - ----------- ----------- ---------------- ----------- ------------- Aetna Life Insurance $347,583 $29,637,063 and Annuity Company
* Compensation shown in column 5 includes deductions for mortality and expense risk guarantees and contract charges assessed to cover costs incurred in the sales and administration of the contracts issued under Variable Annuity Account B. Item 30. Location of Accounts and Records - ----------------------------------------- All accounts, books and other documents required to be maintained by Section 31(a) of the 1940 Act and the rules under it relating to the securities described in and issued under this Registration Statement are located at the home office of the Depositor as follows: Aetna Life Insurance and Annuity Company 151 Farmington Avenue Hartford, Connecticut 06156 Item 31. Management Services - ---------------------------- Not applicable Item 32. Undertakings - --------------------- Registrant hereby undertakes: (a) to file a post-effective amendment to this registration statement on Form N-4 as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than sixteen months old for as long as payments under the variable annuity contracts may be accepted; (b) to include as part of any application to purchase a contract offered by a prospectus which is part of this registration statement on Form N-4, a space that an applicant can check to request a Statement of Additional Information; and (c) to deliver any Statement of Additional Information and any financial statements required to be made available under this Form N-4 promptly upon written or oral request. (d) The Company hereby represents that it is relying upon and will comply with the provisions of Paragraphs (1) through (4) of the SEC Staff's No-Action Letter dated November 22, 1988 with respect to language concerning withdrawal restrictions applicable to plans established pursuant to Section 403(b) of the Internal Revenue Code. See American Counsel of Life Insurance; SEC No-Action Letter, [1989 Transfer Binder] Fed. SEC. L. Rep. (CCH) P. 78,904 at 78,523 (November 22, 1988). (e) Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. (f) Aetna Life Insurance and Annuity Company represents that the fees and charges deducted under the contracts covered by this registration statement, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the insurance company. SIGNATURES As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, Variable Annuity Account B of Aetna Life Insurance and Annuity Company, certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of this Post-Effective Amendment to its Registration Statement on Form N-4 (File No. 333-56297 ) and has duly caused this Post-Effective Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Hartford, State of Connecticut, on the 14th day of December, 1998. VARIABLE ANNUITY ACCOUNT B OF AETNA LIFE INSURANCE AND ANNUITY COMPANY (Registrant) By: AETNA LIFE INSURANCE AND ANNUITY COMPANY (Depositor) By: Thomas J. McInerney* ----------------------------------- Thomas J. McInerney President As required by the Securities Act of 1933, this Post-Effective Amendment No. 2 to the Registration Statement on Form N-4 (File No. 333-56297 ) has been signed by the following persons in the capacities and on the dates indicated.
Signature Title Date - --------- ----- ---- Thomas J. McInerney* Director and President ) - -------------------------------- (principal executive officer) ) Thomas J. McInerney ) ) Shaun P. Mathews* Director ) December - -------------------------------- ) Shaun P. Mathews ) 14, 1998 ) Catherine H. Smith* Director and Chief Financial Officer ) - -------------------------------- ) Catherine H. Smith ) ) Deborah Koltenuk* Vice President, Treasurer and Corporate Controller ) - -------------------------------- ) Deborah Koltenuk )
By: /s/ J. Neil McMurdie ------------------------------------------------ J. Neil McMurdie *Attorney-in-Fact VARIABLE ANNUITY ACCOUNT B Exhibit Index
Exhibit No. Exhibit Page - ----------- ------- ---- 99-B.1 Resolution of the Board of Directors of Aetna Life Insurance * and Annuity Company establishing Variable Annuity Account B 99-B.3.1 Broker-Dealer Agreement * 99-B.3.2 Alternative Form of Wholesaling Agreement and Related Selling * Agreement 99-B.4.1 Variable Annuity Contract (GM-VA-98) * 99-B.4.2 Variable Annuity Contract Certificate (GMC-VA-98) * 99-B.4.3 Endorsement (EVAGET98) to Variable Annuity Contract GM-VA-98 * and Variable Annuity Contract Certificate GMC-VA-98 99-B.5 Variable Annuity Contract Application (9.5.89-6(9/98)) * 99-B.6.1 Certificate of Incorporation of Aetna Life Insurance and * Annuity Company 99-B.6.2 Amendment of Certificate of Incorporation of Aetna Life * Insurance and Annuity Company 9-B.6.3 By-Laws as amended September 17, 1997 of Aetna Life Insurance * and Annuity Company 99-B.8.1 Fund Participation Agreement between Aetna Life Insurance and * Annuity Company and AIM dated June 30, 1998 99-B.8.2 Service Agreement between Aetna Life Insurance and Annuity * Company and AIM effective June 30, 1998 99-B.8.3 Fund Participation Agreement by and among Aetna Life * Insurance and Annuity Company and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series, Aetna Variable Portfolios, Inc. on behalf of each of its series, and Aeltus Investment Management, Inc. dated as of May 1, 1998
*Incorporated by reference
Exhibit No. Exhibit Page - ----------- ------- ---- 99-B.8.4 Amendment dated November 9, 1998 to Fund Participation Agreement by and among Aetna Life Insurance and Annuity Company and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series, Aetna Variable Portfolios, Inc. on behalf of each of its series, and Aeltus Investment Management, Inc. dated as of May 1, 1998 ____ 99-B.8.5 Service Agreement between Aeltus Investment Management, Inc. * and Aetna Life Insurance and Annuity Company in connection with the sale of shares of Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series, and Aetna Variable Portfolios, Inc. on behalf of each of its series dated as of May 1, 1998 99-B.8.6 Amendment dated November 4, 1998 to Service Agreement between Aeltus Investment Management, Inc. and Aetna Life Insurance and Annuity Company in connection with the sale of shares of Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund on behalf of each of its series, Aetna Generation Portfolios, Inc. on behalf of each of its series and Aetna Variable Portfolios, Inc. on behalf of each of its series dated as of May 1, 1998 ____ 99-B.8.7 Fund Participation Agreement between Aetna Life Insurance and * Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996 and March 1, 1996 99-B.8.8 Fifth Amendment dated as of May 1, 1997 to the Fund * Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996 and March 1, 1996
*Incorporated by reference
Exhibit No. Exhibit Page - ----------- ------- ---- 99-B.8.9 Sixth Amendment dated November 6, 1997 to the Fund * Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996 and May 1, 1997 99-B.8.10 Seventh Amendment dated as of May 1, 1998 to the Fund * Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996, May 1, 1997 and November 6, 1997 99-B.8.11 Fund Participation Agreement between Aetna Life Insurance and * Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, and March 1, 1996 99-B.8.12 Fifth Amendment, dated as of May 1, 1997, to the Fund * Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, and March 1, 1996 99.B-8.13 Sixth Amendment dated as of January 20, 1998 to the Fund * Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996 and May 1, 1997 99-B.8.14 Seventh Amendment dated as of May 1, 1998 to the Fund * Participation Agreement between Aetna Life Insurance and Annuity Company, Variable Insurance Products Fund II and Fidelity Distributors Corporation dated February 1, 1994 and amended on December 15, 1994, February 1, 1995, May 1, 1995, January 1, 1996, March 1, 1996, May 1, 1997 and January 20, 1998
*Incorporated by reference
Exhibit No. Exhibit Page - ----------- ------- ---- 99-B.8.15 Service Agreement between Aetna Life Insurance and Annuity * Company and Fidelity Investments Institutional Operations Company dated as of November 1, 1995 99-B.8.16 Amendment dated January 1, 1997 to Service Agreement between * Aetna Life Insurance and Annuity Company and Fidelity Investments Institutional Operations Company dated as of November 1, 1995 99-B.8.17 Service Contract between Fidelity Distributors Corporation and Aetna Life Insurance and Annuity Company dated May 2, 1997 ____ 99-B.8.18 Fund Participation Agreement among Janus Aspen Series and * Aetna Life Insurance and Annuity Company and Janus Capital Corporation dated December 8, 1997 99-B.8.19 Amendment dated October 12, 1998 to Fund Participation Agreement among Janus Aspen Series and Aetna Life Insurance and Annuity Company and Janus Capital Corporation dated December 8, 1997 ____ 99-B.8.20 Service Agreement between Janus Capital Corporation and Aetna * Life Insurance and Annuity Company dated December 8, 1997 99-B.8.21 Fund Participation Agreement among MFS Variable Insurance * Trust, Aetna Life Insurance and Annuity Company and Massachusetts Financial Services Company dated April 30, 1996, and amended on September 3, 1996, March 14, 1997 and November 28, 1997 99-B.8.22 Fourth Amendment dated May 1, 1998 to the Fund Participation * Agreement by and among MSF Variable Insurance Trust, Aetna Life Insurance and Annuity Company and Massachusetts Financial Services Company dated April 30, 1996, and amended on September 3, 1996, March 14, 1997 and November 28, 1997 99-B.8.23 Form of Fifth Amendment to Fund Participation Agreement by and among MSF Variable Insurance Trust, Aetna Life Insurance and Annuity Company and Massachusetts Financial Services Company dated April 30, 1996, and amended on September 3, 1996, March 14, 1997 and November 28, 1997 ____
*Incorporated by reference
Exhibit No. Exhibit Page - ----------- ------- ---- 99-B.8.24 Fund Participation Agreement dated March 11, 1997 between * Aetna Life Insurance and Annuity Company and Oppenheimer Variable Annuity Account Funds and Oppenheimer Funds, Inc. 99-B.8.25 Service Agreement effective as of March 11, 1997 between * Oppenheimer Funds, Inc. and Aetna Life Insurance and Annuity Company 99-B.9 Opinion and Consent of Counsel ____ 99-B.10 Consent of Independent Auditors ____ 99-B.13 Schedule for Computation of Performance Data * 99-B.15.1 Powers of Attorney * 99-B.15.2 Authorization for Signatures *
*Incorporated by reference EX-99.B.8.4 2 AMENDMENT TO FUND PARTICIPATION AGREEMENT EX-99-B.8.4 Amendment to Fund Participation Agreement WITNESSETH: WHEREAS, Aetna Life Insurance and Annuity Company ("ALIAC"), Aeltus Investment Management, Inc. ("Aeltus"), and Aetna Variable Fund, Aetna Variable Encore Fund, Aetna Income Shares, Aetna Balanced VP, Inc., Aetna GET Fund, on behalf of each of its series, Aetna Generation Portfolios, Inc., on behalf of each of its series, and Aetna Variable Portfolios, Inc., on behalf of each of its series ("Funds") have entered into a Fund Participation Agreement dated May 1, 1998; and WHEREAS, ALIAC, Aeltus and the Funds desire to include Aetna GET Fund, Series D, in Schedule B; NOW, THEREFORE, it is agreed among ALIAC, Aeltus and the Funds that Schedule B is hereby amended to include Aetna GET Fund, Series D, effective October 15, 1998. IN WITNESS WHEREOF, the undersigned have executed this Agreement by their duly authorized officers as of 9th day of November, 1998. AETNA LIFE INSURANCE AND ANNUITY COMPANY By /s/ Deborah Koltenuk --------------------- Name Deborah Koltenuk Title Vice President and Treasurer Corporate Controller AELTUS INVESTMENT MANAGEMENT, INC. By /s/ J. Scott Fox ---------------- Name J. Scott Fox Title Managing Director & COO AETNA VARIABLE FUND AETNA VARIABLE ENCORE FUND AETNA INCOME SHARES AETNA BALANCED VP, INC. AETNA GET FUND AETNA GENERATION PORTFOLIOS, INC. AETNA VARIABLE PORTFOLIOS, INC. By /s/ Frank Litwin ---------------- Name Frank Litwin Title Managing Director EX-99.B.8.6 3 AMENDMENT TO SERVICE AGREEMENT WITH INVESTMENT EX-99-B.8.6 Amendment to Service Agreement with Investment Adviser WITNESSETH: WHEREAS, in consideration of the agreement, effective as of May 1, 1998, between Aeltus Investment Management, Inc. (the "Adviser") and Aetna Life Insurance and Annuity Company (the "Company"), for the provision of administrative services by the Company in connection with the sale of shares of Aetna GET Fund, on behalf of each of its series, the Adviser and the Company desire to amend Schedule A to include Aetna GET Fund, Series D; NOW THEREFORE, the Adviser and the Company hereby agree to amend Schedule A to include Aetna GET Fund, Series D, effective October 15, 1998. IN WITNESS WHEREOF, the parties to this Agreement have caused this Agreement to be executed by their authorized officers as of the 4th day of November, 1998. AELTUS INVESTMENT MANAGEMENT, INC. By: /s/ J. Scott Fox ---------------- J. Scott Fox AETNA LIFE INSURANCE AND ANNUITY COMPANY By: /s/ Deborah Koltenuk -------------------- Deborah Koltenuk EX-99.B.8.17 4 SERVICE CONTRACT EX-99-B.8.17 SERVICE CONTRACT With respect to shares of: ( ) Variable Insurance Products Fund - High Income Portfolio ( ) Variable Insurance Products Fund - Equity-Income Portfolio ( ) Variable Insurance Products Fund - Growth Portfolio ( ) Variable Insurance Products Fund - Overseas Portfolio ( ) Variable Insurance Products Fund II - Investment Grade Bond Portfolio ( ) Variable Insurance Products Fund II - Asset Manager Portfolio ( ) Variable Insurance Products Fund II - Contrafund Portfolio ( ) Variable Insurance Products Fund II - Asset Manager: Growth Portfolio ( ) Variable Insurance Products Fund III - Growth Opportunities Portfolio ( ) Variable Insurance Products Fund III - Balanced Portfolio ( ) Variable Insurance Products Fund III - Growth & Income Portfolio To Fidelity Distributors Corporation: We desire to enter into a Contract with you for activities in connection with the distribution of shares and the servicing of shareholders of the Fund noted above (the "Fund") of which you are the principal underwriter as defined in the Investment Company Act of 1940 (the "Act") and for which you are the agent for the continuous distribution of shares. The terms and conditions of this Contract are as follows: 1. We shall provide distribution and certain shareholder services for our clients who own Fund shares ("clients"), which services may include, without limitation: sale of shares of the Fund; answering client inquiries regarding the Fund; assistance to clients in changing dividend options, account designations and addresses; performance of subaccounting; processing purchase and redemption transactions, including automatic investment and redemption of client account cash balances; providing periodic statements showing a client's account balance and the integration of such statements with other transactions; arranging for bank wires; and providing such other information and services as you reasonably may request. 2. We shall provide such office space and equipment, telephone facilities and personnel (which may be all or any part of the space, equipment and facilities currently used in our business, or all or any personnel employed by us) as is necessary or beneficial for providing information and services to shareholders of the Fund, and to assist you in servicing accounts of clients. 3. We agree to indemnify and hold you, the Fund, and the Fund's adviser and transfer agent harmless from any and all direct or indirect liabilities or losses resulting from requests, directions, actions or inactions, of or by us or our officers, employees or agents regarding the purchase, redemption, transfer or registration of shares for our clients. Such indemnification shall survive the termination of this Contract. Neither we nor any of our officers, employees or agents are authorized to make any representation concerning Fund shares except those contained in the then current Fund Prospectus, copies of which will be supplied by you to us; and we shall have no authority to act as agent for the Fund or for you. 4. In consideration of the services and facilities described herein, we shall be entitled to receive, and you shall cause to be paid to us by yourself or by Fidelity Management & Research Company, investment adviser of the Fund, such fees as are set forth in the accompanying "Fee Schedule for Qualified Recipients." We understand that the payment of such fees has been authorized pursuant to a Service Plan approved by the Board of Trustees of the Fund, and those Trustees who are not "interested persons" of the Fund (as defined in the Act) and who have no direct or indirect financial interest in the operation of the Service Plan or in any agreements related to the Service Plan (hereinafter referred to as "Qualified Trustees"), and shareholders of the Fund, that such fees will be paid out of the fees paid to the Fund's investment adviser, said adviser's past profits or any other source available to said adviser; that the cost to the Fund for such fees shall not exceed the amount of the advisory and service fee; and that such fees are subject to change during the term of this Contract and shall be paid only so long as this Contract is in effect. 5. We agree to conduct our activities in accordance with any applicable federal or state laws, including securities laws and any obligation thereunder to disclose to our clients the receipt of fees in connection with their investment in the Fund. 6. You reserve the right, at your discretion and without notice, to suspend the sale of shares or withdraw the sale of shares of the Fund. 7. This Contract shall continue in force for one year from the effective date (see below), and thereafter shall continue automatically for successive annual periods, provided such continuance is specifically subject to termination without penalty at any time if a majority of the Fund's Qualified Trustees vote to terminate or not to continue the Service Plan. This Contract is also terminable without penalty at any time the Service Plan is terminated by vote of a majority of the Fund's outstanding voting securities upon 60 days' written notice thereof to us. This Contract may also be terminated by us, for any reason, upon 15 days' written notice to you. Notwithstanding anything contained herein, in the event that the Service Plan shall terminate or we shall fail to perform the distribution and shareholder servicing functions contemplated by this Contract, such determination to be made in good faith by the Fund or you, this Contract is terminable effective upon receipt of notice thereof by us. This Contract will also terminate automatically in the event of its assignment (as defined in the Act.) 8. All communications to you shall be sent to you at your offices, 82 Devonshire Street, Boston, MA 02109. Any notice to us shall be duly given if mailed or telegraphed to use at the address shown in this Contract. 9. This Contract shall be construed in accordance with the laws of the Commonwealth of Massachusetts. Very truly yours, Aetna Life Insurance and Annuity Company - -------------------------------------------------------------------------------- Name of Qualified Recipient (Please Print or Type) 151 Farmington Avenue Hartford CT 06156 - -------------------------------------------------------------------------------- Street City State Zip Code By: /s/ Laura R. Estes ------------------------------------------------------------------- Authorized Signature Date: May 2, 1997 ----------------------------- NOTE: Please return two signed copies of this Service Contract to Fidelity Distributors Corporation. Upon acceptance, one countersigned copy will be returned to you. For Internal Use Only: FIDELITY DISTRIBUTORS CORPORATION Effective date: January 1, 1997 /s/ Arthur S. Loring --------------------------------- Arthur S. Loring EX-99.B.8.19 5 AMENDMENT TO FUND PARTICIPATION AGREEMENT EX-99-B.8.19 AMENDMENT TO FUND PARTICIPATION AGREEMENT This Amendment is made as of October 12, 1998, by and among JANUS ASPEN SERIES (the "Fund"), AETNA LIFE INSURANCE AND ANNUITY COMPANY (the "Company") and JANUS CAPITAL CORPORATION (the "Adviser"). BACKGROUND A. The Fund, the Company and the Adviser are parties to a Fund Participation Agreement dated December 8, 1997 (the "Agreement"). B. The parties wish to amend the Agreement as follows: AMENDMENT For good and valuable consideration, the receipt of which is acknowledged, the parties agree: 1. That the first paragraph of 1. (a) Establishment of Accounts; Availability of Fund. shall be deleted in its entirety and replaced with the following: The Company represents that it has established Variable Annuity Accounts B, C and D and Variable Life Account B and may establish such other accounts as may be set forth in Schedule A attached hereto and as may be amended from time to time with the mutual consent of the parties hereto (the "Accounts"), each of which is a separate account under Connecticut Insurance law, and (1) has been registered or, will be registered as a unit investment trust in accordance with the provisions of the Investment Company Act of 1940 (the "1940 Act") or, alternatively (2) has not been registered in proper reliance upon the exclusion from registration under Section 3(c)(11) of the 1940 Act, to serve as an investment vehicle for the Contracts. Each Contract provides for the allocation of net amounts received by the Company to an Account for investment in the shares of one or more specified open-end management investment companies available through that Account as underlying investment media. Selection of a particular investment management company and changes therein from time to time are made by the participant or Contract owner (hereinafter "Participant" or "Contract Owner"), as available under a particular Contract. 2. The Agreement, as modified by this Amendment, is ratified and confirmed. AETNA LIFE INSURANCE AND JANUS ASPEN SERIES ANNUITY COMPANY By: /s/ Laurie M. LeBlanc By: /s/ Bonnie Howe --------------------------- ----------------------------- Name: Laurie M. LeBlanc Bonnie M. Howe Title: Vice President Assistant Vice President JANUS CAPITAL CORPORATION By: /s/ Bonnie Howe ----------------------------- Bonnie M. Howe Assistant Vice President EX-99.B.8.23 6 FORM OF FIFTH AMENDMENT TO PARTICIPATION EX-99-B.8.23 FORM OF FIFTH AMENDMENT TO PARTICIPATION AGREEMENT THIS FIFTH AMENDMENT TO THE PARTICIPATION AGREEMENT ("Fifth Amendment") is made and entered into as of the 1st day of May 1998, by and among MFS VARIABLE INSURANCE TRUST, a Massachusetts business trust (the "Trust"), AETNA LIFE INSURANCE AND ANNUITY COMPANY, a Connecticut corporation (the "Company") on its own behalf and on behalf of each of the segregated asset accounts of the Company set forth in Schedule A of the Original Agreement (hereinafter defined) (the "Accounts") and MASSACHUSETTS FINANCIAL SERVICES COMPANY, a Delaware corporation ("MFS"). WITNESSETH WHEREAS the Trust, the Company and MFS are parties to a Participation Agreement dated April 30, 1996, as supplemented by First Amendment to Participation Agreement dated September 3, 1996, Second Amendment to Participation Agreement dated March 14, 1997, Third Amendment to Participation Agreement dated November 28, 1997, and Fourth Amendment to Participation Agreement dated as of May 1, 1998 (collectively the "Original Agreement"); and WHEREAS the Trust, the Company and MFS now desire to modify the Original Agreement. NOW THEREFORE, in consideration of the premises and the mutual covenants and promises expressed herein, the parties agree as follows: 1. Schedule A of the Original Agreement is hereby deleted and replaced with Schedule A attached hereto; 2. The Original Agreement, as supplemented by this Fifth Amendment, is ratified and confirmed; and 3. This Fifth Amendment may be executed in two or more counterparts, which together shall constitute one instrument. IN WITNESS WHEREOF, the parties have executed this Fifth Amendment as of the date first above written.
AETNA LIFE INSURANCE AND ANNUITY COMPANY MFS VARIABLE INSURANCE TRUST By its authorized officer, on behalf of the Portfolios. By its authorized officer and not individually, By: _______________________________ By: _______________________________ Name: Laurie M. LeBlanc Name: _____________________________ Title: Vice President Title: ____________________________ MASSACHUSETTS FINANCIAL SERVICES COMPANY By its authorized officer, By: _______________________________ Name: _____________________________ Title: ____________________________
SCHEDULE A ACCOUNTS, POLICIES AND PORTFOLIOS SUBJECT TO THE PARTICIPATION AGREEMENT
- ---------------------------------------------------------------------------------------------------------------------- Name of Separate Account and Date Established Policies Funded by Separate Portfolios Applicable to Policies by Board of Directors Account - ---------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------- Variable Annuity Account B Variable Annuity World Governments Series (Est. October 18, 1976) Total Return Series - ---------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------- Variable Annuity Account C Variable Annuity World Governments Series (Est. October 18, 1976) Total Return Series - ---------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------- Variable Life Account B Variable Life World Governments Series (Est. June 18, 1986) Total Return Series - ----------------------------------------------------------------------------------------------------------------------
EX-99.B.9 7 OPINION OF COUNSEL EX-99-B.9 [AETNA LOGO] 151 Farmington Avenue [AETNA LETTERHEAD] Hartford, CT 06156 Julie E. Rockmore Counsel Law Division, RE4A December 14, 1998 Investments & Financial Services (860) 273-4686 Fax: (860) 273-8340 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Attention: Filing Desk Re: Variable Annuity Account B of Aetna Life Insurance and Annuity Company Post-Effective Amendment No. 2 to Registration Statement on Form N-4 Prospectus Title: Aetna Variable Annuity File Nos.: 333-56297 and 811-02512 Gentlemen: The undersigned serves as counsel to Aetna Life Insurance and Annuity Company, a Connecticut life insurance company (the "Company"). It is my understanding that the Company, as depositor, has registered an indefinite amount of securities (the "Securities") under the Securities Act of 1933 (the "Securities Act") as provided in Rule 24f-2 under the Investment Company Act of 1940 (the "Investment Company Act"). In connection with this opinion, I or those for whom I have supervisory responsibility, have reviewed the N-4 Registration Statement, as amended to the date hereof, and this Post-Effective Amendment No. 2. I have also examined originals or copies, certified or otherwise identified to my satisfaction, of such documents, trust records and other instruments I have deemed necessary or appropriate for the purpose of rendering this opinion. For purposes of such examination, I have assumed the genuineness of all signatures on original documents and the conformity to the original of all copies. I am admitted to practice law in Connecticut, and do not purport to be an expert on the laws of any other state. My opinion herein as to any other law is based upon a limited inquiry thereof which I have deemed appropriate under the circumstances. Based upon the foregoing, and, assuming the Securities are sold in accordance with the provisions of the prospectus, I am of the opinion that the Securities being registered will be legally issued and will represent binding obligations of the Company. I consent to the filing of this opinion as an exhibit to the Registration Statement. Sincerely, /s/ Julie E. Rockmore - --------------------- Julie E. Rockmore Counsel EX-99.B.10 8 CONSENT OF INDEPENDENT AUDITORS EX-99-B.10 Consent of Independent Auditors The Board of Directors of Aetna Life Insurance and Annuity Company and Contractholders of Aetna Variable Annuity Account B: We consent to the incorporation by reference into this Registration Statement (File No. 333-56297) on Form N-4 our reports dated February 3, 1998 and February 27, 1998. /s/ KPMG Peat Marwick LLP Hartford, Connecticut December 14, 1998 -----END PRIVACY-ENHANCED MESSAGE-----