EX-99.B8.L. 23 file022.txt COPY OF AMENDMENTS TO ASA-FRANKLIN AMENDMENT NO. 1 TO ADMINISTRATIVE SERVICES AGREEMENT Franklin Templeton Services, LLC Allianz Life Insurance Company of New York The administrative services agreement, dated as of October 1, 2003, by and among Franklin Templeton Services, LLC and Allianz Life Insurance Company of New York (the "Agreement") is hereby amended as follows: 1. Schedule B of the Agreement is hereby deleted and replaced in its entirety with the Schedule B attached hereto. 2. All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. This Amendment is executed as of September 12, 2005. ALLIANZ LIFE INSURANCE COMPANY OF NEW YORK By: /s/ STEWART GREGG --------------------- Name: Stewart D. Gregg Title: Assistant Secretary and Senior Counsel FRANKLIN TEMPLETON SERVICES, LLC By: /S/ SCOTT M. LEE ---------------- Name: Scott M. Lee, CFA Title: Senior Vice President 17310-2 SCHEDULE B ADMINISTRATIVE EXPENSE PAYMENT The Fund Administrator agrees to pay the Company a fee, computed daily and paid quarterly in arrears, equal to an annual rate as set forth below, applied to the average daily net assets of the shares of the Funds held in the subaccounts of the Accounts. The payment will be computed and paid in the manner described more completely in the Agreement.
------------------------------------------------------------------------------------------------------------------ PRODUCT BEGINNING of # Company NAME/ FUNDS OF THE TRUST FEE PERIOD FOR 1933 ACT NO. RATE COMPUTATION OF FEE ------------------------------------------------------------------------------------------------------------------ 1. Allianz Life USAllianz CLASS 2 SHARES: 0.20% 10/01/03 Insurance Advantage --------------- Company of 333-19699 Franklin Global Communications Securities New York Fund Franklin Growth and Income Securities Fund Franklin High Income Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Real Estate Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund ------------------------------------------------------------------------------------------------------------------ 2. Allianz Life USAllianz CLASS 1 SHARES: 0.10% 10/01/03 Insurance Advantage --------------- Company of 333-19699 Franklin Zero Coupon Fund 2005 (1) New York Franklin Zero Coupon Fund 2010 1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be unavailable for investment after that time. 17310-2 2 ----------------------------------------------------------------------------------------------------------------------- PRODUCT BEGINNING OF NAME/ FUNDS OF THE TRUST FEE PERIOD FOR # COMPANY 1933 ACT NO. RATE COMPUTATION OF FEE ----------------------------------------------------------------------------------------------------------------------- 3. Allianz Life Valuemark II CLASS 1 SHARES: 0.10% 10/01/03 Insurance 33-26646 --------------- Company of Franklin Global Communications Securities New York Fund Franklin Growth and Income Securities Fund Franklin High Income Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Real Estate Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Franklin Zero Coupon Fund 2005 (1) Franklin Zero Coupon Fund 2010 Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund ----------------------------------------------------------------------------------------------------------------------- 4. Allianz Life Valuemark II Franklin Money Market Fund - Class 1 * 0.05% 10/01/03 Insurance 33-26646 Company of New York ----------------------------------------------------------------------------------------------------------------------- 5. Allianz Life Valuemark CLASS 1 SHARES: 0.10% 10/01/03 Insurance IV --------------- Company of 333-19699 Franklin Global Communications Securities New York Fund Franklin Growth and Income Securities Fund Franklin High Income Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Real Estate Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Franklin Zero Coupon Fund 2005 (1) Franklin Zero Coupon Fund 2010 Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund (1) Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be unavailable for investment after that time. * This Fund is closed to new investors as of 5/1/04. 17310-2 3 ----------------------------------------------------------------------------------------------------------------------- PRODUCT BEGINNING OF NAME/ FUNDS OF THE TRUST FEE PERIOD FOR # COMPANY 1933 ACT NO. RATE COMPUTATION OF FEE ----------------------------------------------------------------------------------------------------------------------- 6. Allianz Life Valuemark Franklin Money Market Fund - Class 1* 0.05% 10/01/03 Insurance IV Company of 333-19699 New York ----------------------------------------------------------------------------------------------------------------------- 7. Allianz Life USAllianz CLASS 2 SHARES: 0.20% 10/1/03 Insurance Opportunity --------------- Company of 333-75718 Franklin Global Communications Securities New York Fund Franklin Growth and Income Securities Fund Franklin High Income Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Real Estate Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund ----------------------------------------------------------------------------------------------------------------------- 8. Allianz Life USAllianz CLASS 1 SHARES: 0.10% 10/1/03 Insurance Opportunity --------------- Company of 333-75718 Franklin Zero Coupon Fund 2005 (1) New York Franklin Zero Coupon Fund 2010 ----------------------------------------------------------------------------------------------------------------------- 9. Allianz Life USAllianz CLASS 2 SHARES: 0.20% 10/1/03 Insurance Charter II --------------- Company of 333-105274 Franklin Global Communications Securities New York Fund Franklin Growth and Income Securities Fund Franklin High Income Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Real Estate Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund * This fund is closed to new investors as of 5/1/04. 1. Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be unavailable for investment after that time. 17310-2 4 ---------------------------------------------------------------------------------------------------------------------- PRODUCT BEGINNING OF # COMPANY NAME/ FUNDS OF THE TRUST FEE PERIOD FOR 1933 ACT NO. RATE COMPUTATION OF FEE ---------------------------------------------------------------------------------------------------------------------- 10. Allianz Life USAllianz CLASS 1 SHARES: 0.10% 10/1/03 Insurance Charter II --------------- Company of 333-105274 Franklin Zero Coupon Fund 2005 (1) New York Franklin Zero Coupon Fund 2010
1. Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be unavailable for investment after that time. 17310-2 5 AMENDMENT NO. 2 TO ADMINISTRATIVE SERVICES AGREEMENT Franklin Templeton Services, LLC Allianz Life Insurance Company of New York THIS AMENDMENT is made by and between Franklin Templeton Services, LLC (the "Fund Administrator") and Allianz Life Insurance Company of New York (the "Company"). WHEREAS, The Company and the Fund Administrator have entered into an Administrative Services Agreement, dated as of October 1, 2003, as may be amended from time to time (the "Agreement"), concerning certain administrative services with respect to each series ("Fund" or "Funds") of Franklin Templeton Variable Insurance Products Trust (the "Trust"), which Funds are investment options in certain variable life insurance and variable annuity contracts issued by the Company; and WHEREAS, the Company and the Fund Administrator wish to amend the Agreement for the purpose of changing the name of, and updating certain variable life or variable annuity insurance contracts covered by the Agreement. NOW, THEREFORE, in consideration of past and prospective business relations, the Fund Administrator and the Company hereby amend the Agreement as follows: 1. Schedule B of the Agreement is hereby deleted and replaced in its entirety with the Schedule B attached hereto. 2. All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. This Amendment is executed as of June 20, 2006. FRANKLIN TEMPLETON SERVICES, LLC ALLIANZ LIFE INSURANCE COMPANY OF NEW YORK By: /s/ Stewart D. Gregg By: /s/ Robert C. Hays Name: Stewart D. Gregg Name: Robert C. Hays Title: Senior Securities Counsel Title: Vice President SCHEDULE B ADMINISTRATIVE EXPENSE PAYMENT The Fund Administrator agrees to pay the Company a fee, computed daily and paid quarterly in arrears, equal to an annual rate as set forth below, applied to the average daily net assets of the shares of the Funds held in the subaccounts of the Accounts. The payment will be computed and paid in the manner described more completely in the Agreement.
-------- --------------- ----------------- ------------------------------------------------- ----------- -------------- BEGINNING OF PERIOD FOR # PRODUCT NAME/ COMPUTATION COMPANY 1933 ACT NO. FUNDS OF THE TRUST FEE RATE OF FEE -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- 1. Allianz Life Allianz CLASS 2 SHARES: 0.20% 10/01/03 Insurance Advantage Franklin Global Communications Securities Fund Company of 333-19699 Franklin Growth and Income Securities Fund New York Franklin High Income Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Real Estate Fund Franklin Rising Dividends Securities Fund Franklin Small Cap Value Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- CLASS 1 SHARES: 0.10% 10/01/03 Franklin Zero Coupon Fund 2010 -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- 410605-2 2 BEGINNING OF PERIOD FOR # PRODUCT NAME/ COMPUTATION COMPANY 1933 ACT NO. FUNDS OF THE TRUST FEE RATE OF FEE -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- 2. Allianz Life Valuemark II CLASS 1 SHARES: 0.10% 10/01/03 Insurance 33-26646 Franklin Global Communications Securities Fund Company of Franklin Growth and Income Securities Fund New York Franklin High Income Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Real Estate Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Franklin Zero Coupon Fund 2010 Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- Franklin Money Market Fund - Class 1* 0.05% 10/01/03 -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- 3. Allianz Life Valuemark IV CLASS 1 SHARES: 0.10% 10/01/03 Insurance 333-19699 Franklin Global Communications Securities Fund Company of Franklin Growth and Income Securities Fund New York Franklin High Income Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Real Estate Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Franklin Zero Coupon Fund 2010 Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- Franklin Money Market Fund - Class 1* 0.05% 10/01/03 -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- ------------------------------------------ * This Fund is closed to new investors as of 5/1/04. 410605-2 3 BEGINNING OF PERIOD FOR # PRODUCT NAME/ COMPUTATION COMPANY 1933 ACT NO. FUNDS OF THE TRUST FEE RATE OF FEE -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- 4. Allianz Life Allianz CLASS 2 SHARES: 0.20% 10/1/03 Insurance Opportunity Franklin Global Communications Securities Fund Company of 333-75718 Franklin Growth and Income Securities Fund New York Franklin High Income Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Real Estate Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- CLASS 1 SHARES: 0.10% 10/1/03 -------------- Franklin Zero Coupon Fund 2010 -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- 5. Allianz Life Allianz CLASS 2 SHARES: 0.20% 10/1/03 Insurance Charter II Franklin Global Communications Securities Fund Company of 333-105274 Franklin Growth and Income Securities Fund New York Franklin High Income Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Real Estate Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S.Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- -------- --------------- ----------------- ------------------------------------------------- ----------- -------------- CLASS 1 SHARES: 0.10% 10/1/03 -------------- Franklin Zero Coupon Fund 2010 -------- --------------- ----------------- ------------------------------------------------- ----------- --------------
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