-----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, AaVOkpnk64FZtj9p5+lxl72nWH1h0qmx+qyR778rkzpKTsOl2hbW2Nxlf2c114wA ecYN/x51sDKfv4i25dUBHQ== 0000023971-09-000018.txt : 20091120 0000023971-09-000018.hdr.sgml : 20091120 20091120114140 ACCESSION NUMBER: 0000023971-09-000018 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20091120 DATE AS OF CHANGE: 20091120 EFFECTIVENESS DATE: 20091120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONTINENTAL ASSURANCE CO SEPARATE ACCOUNT B CENTRAL INDEX KEY: 0000023971 IRS NUMBER: 360947200 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-01402 FILM NUMBER: 091197716 BUSINESS ADDRESS: STREET 1: 333 SOUTH. WABASH AVENUE CITY: CHICAGO STATE: IL ZIP: 60604 BUSINESS PHONE: 3128224921 MAIL ADDRESS: STREET 1: 333 SOUTH. WABASH AVENUE CITY: CHICAGO STATE: IL ZIP: 60604 0000023971 S000011206 CONTINENTAL ASSURANCE CO SEPARATE ACCOUNT B C000030879 CONTINENTAL ASSURANCE CO SEPARATE ACCOUNT B N-Q 1 formnq.txt FORM N-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-01402 _____________________________ CONTINENTAL ASSURANCE COMPANY SEPARATE ACCOUNT (B) ________________________________________________________________ (Exact name of registrant as specified in charter) 333 SOUTH WABASH AVENUE, CHICAGO, ILLINOIS 60604 ________________________________________________________________ (Address of principal executive offices) (Zip code) LYNNE GUGENHEIM, ESQ. 333 SOUTH WABASH AVENUE, CHICAGO, ILLINOIS 60604 ________________________________________________________________ (Name and address of agent for service) Registrant's telephone number, including area code: 312-822-5000 ____________ Date of fiscal year end: December 31 _________________ Date of reporting period: September 30, 2009 __________________ ITEM 1. Schedule of Investments September 30, 2009 - (Unaudited) _______________________________________________________________________ _______________________________________________________________________ (All investments are in securities of NUMBER unaffiliated issuers) OF SHARES FAIR VALUE ($) _______________________________________________________________________ COMMON STOCKS (99.6%) .............................................. CONSUMER DISCRETIONARY (2.8%) -------------------------------------- MARRIOTT INTERNATIONAL, INC. - CLASS A 31,231 861,663 CONSUMER STAPLES (14.7%) -------------------------------------------- CVS CAREMARK CORPORATION 25,000 893,500 MOLSON COORS BREWING COMPANY - CLASS B 16,500 803,220 PEPSICO, INC. 22,000 1,290,520 PHILIP MORRIS INTERNATIONAL INC. 15,000 731,100 THE PROCTER & GAMBLE COMPANY 14,000 810,880 ____________ 4,529,220 ENERGY (10.8%) ------------------------------------------------------ EXXON MOBIL CORPORATION 16,000 1,097,760 HALLIBURTON COMPANY 30,000 813,600 MARATHON OIL CORPORATION 12,000 382,800 SCHLUMBERGER LIMITED (**) 10,000 596,000 WEATHERFORD INTERNATIONAL LTD. (*)(**) 22,000 456,060 ____________ 3,346,220 FINANCIALS (4.5%) -------------------------------------------------- JPMORGAN CHASE & CO. 19,000 832,580 THE BANK OF NEW YORK MELLON CORPORATION 18,868 546,984 ____________ 1,379,564 HEALTH CARE (12.7%) ------------------------------------------------- ABBOTT LABORATORIES 16,500 816,255 BAXTER INTERNATIONAL INC. 10,000 570,100 GILEAD SCIENCES, INC. (*) 20,000 931,600 PHARMACEUTICAL HOLDRS (SM) TRUST (***) 12,500 816,125 ST. JUDE MEDICAL, INC. (*) 20,000 780,200 ____________ 3,914,280 INDUSTRIALS (13.6%) ------------------------------------------------- THE BOEING COMPANY 10,800 584,820 CSX CORPORATION 36,000 1,506,960 GENERAL ELECTRIC COMPANY 35,000 574,700 L-3 COMMUNICATIONS HOLDINGS, INC. 7,000 562,240 UNITED TECHNOLOGIES CORPORATION 16,000 974,880 ____________ 4,203,600 INFORMATION TECHNOLOGY (29.4%) -------------------------------------- CISCO SYSTEMS, INC. (*) 40,000 941,600 CORNING INCORPORATED 35,000 535,850 GOOGLE INC. - CLASS A (*) 5,000 2,479,250 HEWLETT-PACKARD COMPANY 30,000 1,416,300 MASTERCARD INCORPORATED - CLASS A 10,000 2,021,500 QUALCOMM INCORPORATED 15,000 674,700 VISA INC. - CLASS A 15,000 1,036,650 ____________ 9,105,850 MATERIALS (7.2%) ---------------------------------------------------- E.I. DU PONT DE NEMOURS AND COMPANY 18,500 594,590 PRAXAIR, INC. 20,000 1,633,800 ____________ 2,228,390 TELECOMMUNICATION SERVICES (1.5%) ----------------------------------- QWEST COMMUNICATIONS INTERNATIONAL INC. 120,000 457,200 UTILITIES (2.4%) ---------------------------------------------------- EXELON CORPORATION 15,000 744,300 _______________________________________________________________________ TOTAL COMMON STOCKS 30,770,287 _______________________________________________________________________ SHORT TERM BONDS/CASH EQUIVALENTS (0.4%) ........................... JPMORGAN U.S. GOVERNMENT AGENCY SHARES 114,151 _______________________________________________________________________ TOTAL INVESTMENTS 30,884,438 _______________________________________________________________________ _______________________________________________________________________ (*) Denotes non-income producing holdings for the nine months ended September 30, 2009. (**) Denotes non-U.S. domiciled companies. (***) A trust consisting of approximately 20 common stocks. ITEM 2. CONTROLS AND PROCEDURES. (a) The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the 1940 Act)) are effective, as of a date within 90 days of the filing date of this report, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended. (b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Continental Assurance Company Separate Account (B) By: /s/ Thomas C. Scott ---------------------------------------------- Thomas C. Scott Principal Executive Officer Date: November 20, 2009 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ Lawrence J. Boysen ---------------------------------------------- Lawrence J. Boysen Principal Financial and Accounting Officer Date: November 20, 2009 By: /s/ Thomas C. Scott ---------------------------------------------- Thomas C. Scott Principal Executive Officer Date: November 20, 2009 EX-99.CERT 1 CERTIFICATIONS I, Thomas C. Scott, certify that: 1. I have reviewed this report on Form N-Q of Continental Assurance Company Separate Account (B); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: November 20, 2009 By: /s/ Thomas C. Scott ---------------------------------------------- Thomas C. Scott Principal Executive Officer EX-99.CERT 2 CERTIFICATIONS I, Lawrence J. Boysen, certify that: 1. I have reviewed this report on Form N-Q of Continental Assurance Company Separate Account (B); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: November 20, 2009 By: /s/ Lawrence J. Boysen ---------------------------------------------- Lawrence J. Boysen Principal Financial and Accounting Officer -----END PRIVACY-ENHANCED MESSAGE-----