485BPOS 1 a08-26654_4485bpos.htm 485BPOS

 

Pinnacle V

 

As filed with the Securities and Exchange Commission on November 7, 2008

Registration Nos. 033-51268 and 811-07134

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM N-4

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

o

 

 

 

Pre-Effective Amendment Number

 

o

Post-Effective Amendment Number:   31

 

x

 

 

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

 

o

 

 

 

Amendment Number:   33

 

x

(Check appropriate box or boxes)

 

Separate Account II of Integrity Life Insurance Company

(Exact Name of Registrant)

 

Integrity Life Insurance Company

(Name of Depositor)

 

400 Broadway, Cincinnati, Ohio 45202

(Address of Depositor’s Principal Executive Offices)  (Zip Code)

 

(513) 629-1854

(Depositor’s Telephone Number, including Area Code)

 

The Western and Southern Life Insurance Company

(Name of Guarantor)

 

400 Broadway, Cincinnati, Ohio 45202

(Address of Guarantor’s Principal Executive Offices)  (Zip Code)

 

(513) 629-1854

(Guarantor’s Telephone Number, including Area Code)

 

Rhonda S. Malone, Esq.

Associate Counsel -Securities

Western & Southern Financial Group, Inc.

400 Broadway, Cincinnati, Ohio  45202

(Name and Address of Agent for Service)

 

Approximate Date of Proposed Public Offering:  Continuous

 

It is proposed that this filing will become effective (check appropriate box)

 

 

x

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

 

o

on (date) pursuant to paragraph (b) of Rule 485

 

o

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

 

o

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

 

o

75 days after filing pursuant to paragraph (a)(2) of Rule 485

 

o

on (date) pursuant to paragraph (a)(2) of Rule 485

 

If appropriate, check the following box:

 

 

o

This post-eff amendment designates a new effective date for a previously filed post-eff amendment.

 

Title of Securities Being Registered:  PINNACLE V and PINNACLE III flexible premium variable annuities

 

 

 



 

Integrity

 

PINNACLE V

 

PART A

 

The PINNACLE V and PINNACLE III Prospectuses dated May 1, 2008, which were filed in Registrant’s Post-Effective Amendment No. 30 on April 23, 2008 (File No. 033-51268), are incorporated by reference into Part A of this Post-Effective Amendment No. 31.

 

The following amendments dated November 7, 2008 to the Prospectuses dated May 1, 2008 are included in Part A of this Post-Effective Amendment.

 



 

Amendment dated November 7, 2008 to Prospectus dated May 1, 2008 for

PINNACLE III Flexible Premium Variable Annuity

Issued by Integrity Life Insurance Company through its Separate Account II

 

This is an amendment to the prospectus identified above, which describes changes in the variable annuity contract currently being issued by Integrity Life Insurance Company.  Please retain this amendment to the prospectus for future reference.  All changes will be effective November 24, 2008.

 

The following New Variable Account Options will be added:

 

Rydex VT Alternative Strategies Allocation Fund

Rydex VT Managed Futures Strategy Fund

 

Part 1 - Fees and Expense Tables and Summary of the prospectus, the sections titled “Total Annual Portfolio Operating Expenses,” and “Examples” are amended as follows:

 

The range of expenses (prior to reimbursements and fee waivers) that are deducted from the Portfolios’ assets, including management fees, distribution or 12b-1 fees, and other expenses are:

 

Minimum: 0.35%                     Maximum: 2.39%

 

Gross Portfolio annual expenses for each new Portfolio prior to any waivers and reimbursements (gross expenses) and after waivers and reimbursement (net expenses), as a percentage of average net assets in each Portfolio:

 

Portfolio

 

Manage-
ment
Fees

 

12b-1 Fee
or Service
Fee

 

Other
Expenses

 

Acquired
Fund
Fees and
Expenses

 

Total
Annual
Gross
Expenses

 

Total
Annual
Net
Expenses

 

Rydex VT Alternative Strategies Allocation
Fund (1), (2)

 

0.00

%

0.00

%

0.01

%

1.75

%

1.76

%

1.76

%

Rydex VT Managed Futures Strategy
Fund (1), (3), (4), (5)

 

1.13

%

0.00

%

1.26

%

N/A

 

2.39

%

2.16

%

 


(1) Because the fund is new, “Other Expenses” are based on estimated amounts for the current fiscal year.

(2)  As a shareholder in certain funds (the “Acquired Funds”), the fund will bear its proportionate share of the fees and expenses of the Acquired Funds.  “Acquired Fund Fees and Expenses” are estimated for the current fiscal year and are based upon (i) the approximate allocation of the fund’s assets among the Acquired Funds and the (ii) net expenses (excluding interest, taxes and extraordinary expenses) of the Acquired Funds during their most recently completed fiscal year.  “Acquired Fund Fees and Expenses” will vary with changes in the expenses of the Acquired Funds, as well as allocation of the fund’s assets, and may be higher or lower than those shown.

(3) The fund may invest in a wholly-owned and controlled Cayman Islands subsidiary (the “Subsidiary”).  The Subsidiary has entered into a separate advisory agreement with the fund’s advisor for the management of the Subsidiary’s portfolio pursuant to which the Subsidiary pays the advisor a management fee at the same rate that the fund pays the advisor for services provided to the fund.  “Management Fees” reflect an estimate of the gross management fees to be paid to the advisor by the fund and the Subsidiary during the fund’s current fiscal year.

(4) “Other Expenses” include index licensing fees, transfer agent fees, custodial fees, and accounting and legal expenses that the fund and the Subsidiary pay, as indicated.

(5) The Subsidiary has entered into a separate advisory agreement with the fund’s advisor for the management of the Subsidiary’s portfolio.  The advisor has contractually agreed to waive the management fee it receives from the fund in an amount equal to the management fee paid to the advisor by the Subsidiary.  This undertaking will continue in effect for so long as the fund invests in the Subsidiary, and may not be terminated by the advisor unless the advisor first obtains the prior approval of the fund’s Board of Trustees for such termination.

 

1



 

The entire section titled “Examples” is replaced with the following:

 

The examples that follow are intended to help you compare the cost of investing in this contract with the cost of investing in other variable annuity contracts.  Each example assumes that you invest $10,000 in the contract for the time period indicated.  Each example also assumes that your investment has a 5% return each year.  Your actual costs may be higher or lower.

 

The following example includes withdrawal charges, the annual administrative charge, the mortality and expense risk charge, and maximum Portfolio operating expenses.  Based on these assumptions, your costs at the end of the applicable period would be:

 

If you surrender your contract:

 

1 year

 

3 years

 

5 years

 

10 years

 

$

1,219

 

$

1,867

 

$

2,528

 

$

4,339

 

 

If you keep your contract in force or select an Annuity Benefit with a life contingency:

 

1 year

 

3 years

 

5 years

 

10 years

 

$

419

 

$

1,267

 

$

2,128

 

$

4,339

 

 

Part 3 – Your Investment Options of the prospectus, section titled “The Variable Account Options,” subsection titled Rydex Variable Trust, is amended by the addition of the following:

 

Rydex VT Alternative Strategies Allocation Fund

 

The Rydex Alternative Strategies Allocation Fund seeks to deliver a return that has a low correlation to the returns of traditional stock and bond asset classes as well as provide capital appreciation.  The fund seeks to achieve its objective by investing principally in a diversified portfolio of affiliated and unaffiliated funds that represent alternative and non-traditional asset classes and/or strategies.

 

Rydex VT Managed Futures Strategy Fund

 

The Rydex Managed Futures Strategy Fund seeks to provide investment results that match the performance of a benchmark for measuring trends in the commodity and financial futures markets.  The fund’s current benchmark is the Standard & Poor’s Diversified Trends Indicator®.  The Managed Futures Strategy Fund will invest substantially all of its net assets in commodity, currency and financial-linked instruments whose performance is expected to correspond to that of the benchmark.

 

2



 

Amendment dated November 7, 2008 to Prospectus dated May 1, 2008 for

PINNACLE V Flexible Premium Variable Annuity

Issued by Integrity Life Insurance Company through its Separate Account II

 

This is an amendment to the prospectus identified above, which describes changes in the variable annuity contract currently being issued by Integrity Life Insurance Company.  Please retain this amendment to the prospectus for future reference.  All changes will be effective November 24, 2008.

 

The following New Variable Account Options will be added:

 

Rydex VT Alternative Strategies Allocation Fund

Rydex VT Managed Futures Strategy Fund

 

Part 1 - Fees and Expense Tables and Summary of the prospectus, the sections titled “Total Annual Portfolio Operating Expenses,” and “Examples” are amended as follows:

 

The range of expenses (prior to reimbursements and fee waivers) that are deducted from the Portfolios’ assets, including management fees, distribution or 12b-1 fees, and other expenses are:

 

Minimum: 0.35%                     Maximum: 2.39%

 

Gross Portfolio annual expenses for each new Portfolio prior to any waivers and reimbursements (gross expenses) and after waivers and reimbursement (net expenses), as a percentage of average net assets in each Portfolio:

 

Portfolio

 

Manage-
ment
Fees

 

12b-1 Fee
or Service
Fee

 

Other
Expenses

 

Acquired
Fund
Fees and
Expenses

 

Total
Annual
Gross
Expenses

 

Total
Annual
Net
Expenses

 

Rydex VT Alternative Strategies Allocation
Fund (1), (2)

 

0.00

%

0.00

%

0.01

%

1.75

%

1.76

%

1.76

%

Rydex VT Managed Futures Strategy
Fund (1), (3), (4), (5)

 

1.13

%

0.00

%

1.26

%

N/A

 

2.39

%

2.16

%

 


(1) Because the fund is new, “Other Expenses” are based on estimated amounts for the current fiscal year.

(2)  As a shareholder in certain funds (the “Acquired Funds”), the fund will bear its proportionate share of the fees and expenses of the Acquired Funds.  “Acquired Fund Fees and Expenses” are estimated for the current fiscal year and are based upon (i) the approximate allocation of the fund’s assets among the Acquired Funds and the (ii) net expenses (excluding interest, taxes and extraordinary expenses) of the Acquired Funds during their most recently completed fiscal year.  “Acquired Fund Fees and Expenses” will vary with changes in the expenses of the Acquired Funds, as well as allocation of the fund’s assets, and may be higher or lower than those shown.

(3) The fund may invest in a wholly-owned and controlled Cayman Islands subsidiary (the “Subsidiary”).  The Subsidiary has entered into a separate advisory agreement with the fund’s advisor for the management of the Subsidiary’s portfolio pursuant to which the Subsidiary pays the advisor a management fee at the same rate that the fund pays the advisor for services provided to the fund.  “Management Fees” reflect an estimate of the gross management fees to be paid to the advisor by the fund and the Subsidiary during the fund’s current fiscal year.

(4) “Other Expenses” include index licensing fees, transfer agent fees, custodial fees, and accounting and legal expenses that the fund and the Subsidiary pay, as indicated.

(5) The Subsidiary has entered into a separate advisory agreement with the fund’s advisor for the management of the Subsidiary’s portfolio.  The advisor has contractually agreed to waive the management fee it receives from the fund in an amount equal to the management fee paid to the advisor by the Subsidiary.  This undertaking will continue in effect for so long as the fund invests in the Subsidiary, and may not be terminated by the advisor unless the advisor first obtains the prior approval of the fund’s Board of Trustees for such termination.

 

1



 

The entire section titled “Examples” is replaced with the following:

 

The examples that follow are intended to help you compare the cost of investing in this contract with the cost of investing in other variable annuity contracts.  Each example assumes that you invest $10,000 in the contract for the time period indicated.  Each example also assumes that your investment has a 5% return each year.  Your actual costs may be higher or lower.

 

The following example includes withdrawal charges, the annual administrative charge, the mortality and expense risk charge, maximum Portfolio operating expenses, the cost of the Highest Anniversary Death Benefit and the maximum cost of the GLIA Spousal Rider, where the younger Annuitant is age 65 on the Contract Date.  If the current cost of the GLIA Spousal rider was used, the total cost would be less than indicated in this example.  Based on these assumptions, your costs at the end of the applicable period would be:

 

If you surrender your contract:

 

1 year

 

3 years

 

5 years

 

10 years

 

$

1,408

 

$

2,434

 

$

3,472

 

$

6,211

 

 

If you keep your contract in force or select an Annuity Benefit with a life contingency:

 

1 year

 

3 years

 

5 years

 

10 years

 

$

608

 

$

1,834

 

$

3,072

 

$

6,211

 

 

The following example includes withdrawal charges, the annual administrative charge, the mortality and expense risk charge, and maximum Portfolio operating expenses.  Based on these assumptions, your costs at the end of the applicable period would be:

 

If you surrender your contract:

 

1 year

 

3 years

 

5 years

 

10 years

 

$

1,240

 

$

1,927

 

$

2,624

 

$

4,512

 

 

If you keep your contract in force or select an Annuity Benefit with a life contingency:

 

1 year

 

3 years

 

5 years

 

10 years

 

$

440

 

$

1,327

 

$

2,224

 

$

4,512

 

 

Part 3 – Your Investment Options of the prospectus, section titled “The Variable Account Options,” subsection titled Rydex Variable Trust, is amended by the addition of the following:

 

Rydex VT Alternative Strategies Allocation Fund

 

The Rydex Alternative Strategies Allocation Fund seeks to deliver a return that has a low correlation to the returns of traditional stock and bond asset classes as well as provide capital appreciation.  The fund seeks to achieve its objective by investing principally in a diversified portfolio of affiliated and unaffiliated funds that represent alternative and non-traditional asset classes and/or strategies.

 

Rydex VT Managed Futures Strategy Fund

 

The Rydex Managed Futures Strategy Fund seeks to provide investment results that match the performance of a benchmark for measuring trends in the commodity and financial futures markets.  The fund’s current benchmark is the Standard & Poor’s Diversified Trends Indicator®.  The Managed Futures Strategy Fund will invest substantially all of its net assets in commodity, currency and financial-linked instruments whose performance is expected to correspond to that of the benchmark.

 

2



 

Part 4 – Deductions and Charges of the prospectus, section titled “Hardship Waiver,” is amended to indicate that the Hardship Waiver in Pennsylvania now includes unemployment.

 

Part 6 – Optional Benefits of the prospectus, section titled “Guaranteed Return Plus Rider” is hereby removed, and all references in the prospectus to the optional Guaranteed Return Plus or the guaranteed minimum accumulation benefit are hereby deleted.  The Guaranteed Return Plus Rider is no longer available.

 

Part 6 – Optional Benefits of the prospectus, section titled “Guaranteed Lifetime Income Advantage Rider,the last two sentences of the first paragraph are deleted, indicating that the GLIA Rider is now available in Nevada.

 

The subsection titled GLIA Investment Strategies is amended as follows:

 

GLIA Investment Strategy 3 is renamed GLIA Investment Strategy 4, and the following funds are hereby added to the Maximum Allocation 10% Column under “Alternative:”

 

Rydex VT Alternative Strategies Allocation Fund

Rydex VT Managed Futures Strategy Fund

 

A new GLIA Investment Strategy 3 is hereby added:

GLIA Investment Strategy 3 – You may allocate your investment as follows:

 

Touchstone VST Moderate ETF Portfolio

 

Rydex VT Alternative Strategies Allocation Fund

 

90%

 

10%

 

 

In the subsection titled Transfer and Allocation Restrictions, the following additional restriction applies to the new GLIA Investment Strategy 3:

 

·                  You cannot transfers among the Investment Options within GLIA Investment Strategy 3.  It is a fixed allocation.

 

Part 10 – Prior Contracts and State Variations of the prospectus is amended as follows:

 

The section titled “Guaranteed Minimum Withdrawal Benefit –Available only in Nevada” is deleted.

 

The Pinnacle IV is no longer available; Pinnacle V is now available in Pennsylvania.

 

3



 

Integrity

 

PINNACLE V

 

PART B

 

The Statement of Additional Information for Separate Account II of Integrity Life Insurance Company dated May 1, 2008, which was filed in Registrant’s Post-Effective Amendment No. 30 on April 23, 2008  (File No. 033-51268), is incorporated by reference into Part B of this Post-Effective Amendment No. 31.

 



 

INT Sep Acct II

 

November 2008

 

PART C - Other Information

 

Item 24.                     Financial Statements and Exhibits

 

(a)          Financial Statements:

 

Financial Statements included in Part A:  Condensed Financial Information for the Portfolios

 

Financial Statements included in Part B:

 

Integrity Life Insurance Company Separate Account II:

 

Report of Independent Registered Public Accounting Firm

Statements of Assets and Liabilities as of December 31, 2007

Statements of Operations for the Year Ended December 31, 2007

Statements of Changes in Net Assets for the Years Ended December 31, 2007 and 2006

Notes to Financial Statements

 

Integrity Life Insurance Company (Depositor):

 

Report of Independent Registered Public Accounting Firm

Balance Sheets (Statutory-Basis) as of December 31, 2007 and 2006

Statements of Operations (Statutory-Basis) for the Years Ended December 31, 2007, 2006 and 2005

Statements of Changes in Capital and Surplus (Statutory-Basis) for the Years Ended December 31, 2007, 2006 and 2005

Statements of Cash Flow (Statutory-Basis) for the Years Ended December 31, 2007, 2006 and 2005

Notes to Financial Statements (Statutory-Basis)

 

The Western and Southern Life Insurance Company (Guarantor):

 

Report of Independent Registered Public Accounting Firm

Balance Sheets (Statutory-Basis) as of December 31, 2007 and 2006

Statements of Operations (Statutory-Basis) for the Years Ended December 31, 2007, 2006 and 2005

Statements of Changes in Capital and Surplus (Statutory-Basis) for the Years Ended December 31, 2007, 2006 and 2005

Statements of Cash Flow (Statutory-Basis) for the Years Ended December 31, 2007, 2006 and 2005

Notes to Financial Statements (Statutory-Basis)

 

(b)  Exhibits:

 

1.               Resolutions of the Board of Directors of Integrity Life Insurance Company (Integrity) authorizing the establishment of Separate Account II, the Registrant, filed herewith.

 

2.               Not applicable.

 

3.

 

a.               Form of Selling/General Agent Agreement between Integrity, Touchstone Securities, Inc. and broker dealers.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 11 to registration statement on Form N-4 (File No. 333-44876) filed on July 19, 2006.

 

b.              Form of Variable Contract Principal Underwriter Agreement with Touchstone Securities, Inc. dated January 1, 2006.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 27 to registration statement on Form N-4 (File No. 033-51268) filed on February 12, 2007.

 

4.

 

a.               Form of variable annuity contract.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 11 to registration statement on Form N-4 (File No. 333-44876) filed on July 19, 2006.

 

b.              Form of Guaranteed Minimum Accumulation Benefit Rider, incorporated by reference from Registrant’s Post-Effective Amendment No. 25 to registration statement on Form N-4 (File No. 033-51268), filed February 17, 2006.

 

c.               Form of Guaranteed Minimum Withdrawal Benefit and Schedule Page.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 27 to registration statement on Form N-4 (File No. 033-51268) filed on February 12, 2007.

 

d.              Form of Individual Guaranteed Lifetime Withdrawal Benefit and Schedule Page.  Incorporated by reference

 

1



 

to Registrant’s Post-Effective Amendment No. 30 to registration statement on Form N-4 (File No. 033-56654) filed on December 5, 2007.

 

e.               Form of Spousal Guaranteed Lifetime Withdrawal Benefit and Schedule Page.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 30 to registration statement on Form N-4 (File No. 033-56654) filed on December 5, 2007.

 

5.               Form of application.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 11 to registration statement on Form N-4 (File No. 333-44876) filed on July 19, 2006.

 

6.

 

a.               Certificate of Incorporation of Integrity.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 11 to registration statement on Form N-4 (File No. 333-44876) filed on July 19, 2006.

 

b.              By-Laws of Integrity.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 11 to registration statement on Form N-4 (File No. 333-44876) filed on July 19, 2006.

 

7.               Reinsurance Agreement between Integrity and Connecticut General Life Insurance Company effective January 1, 1995.  Incorporated by reference from Registrant’s Post Effective Amendment No. 5 to registration statement on Form N-4 (File No. 033-56654), filed on May 1, 1996.

 

8.

 

a.               Form of Amended and Restated Participation Agreement among Variable Insurance Products Funds, Fidelity Distributors Corporation and Integrity, dated August 10, 2007.  Incorporated by reference from Registrant’s Post-Effective Amendment No.14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

b.              Form of Amendment #1 to Amended and Restated Participation Agreement among Variable Insurance Products Funds, Fidelity Distributors Corporation and Integrity, dated August 10, 2007.   Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

c.               Form of Service Agreement between Fidelity Investments Institutional Operations Company, Inc. and Integrity dated May 1, 2007.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

d.              Form of Rule 22C-2 Agreement between Fidelity Distributors Corporation and Integrity dated March 26, 2007.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

e.               Form of Participation Agreement among Franklin Templeton Variable Insurance Products Trust, Franklin Templeton Distributors, Inc., Touchstone Securities, Inc. and Integrity dated January 6, 2003.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 25 registration statement on form N-4 (File No. 033-51268), filed February 17, 2006.

 

f.                 Form of Amendment #3 to Participation Agreement among Franklin Templeton Variable Insurance Products Trust, Franklin Templeton Distributors, Inc., Touchstone Securities, Inc. and Integrity dated May 1, 2007.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

g.              Form of Amendment #4 to Participation Agreement among Franklin Templeton Variable Insurance Products Trust, Franklin Templeton Distributors, Inc., Touchstone Securities, Inc. and Integrity dated November 29, 2007.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

h.              Form of Participation Agreement between JPM Series Trust II and Integrity.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 13 to registration statement on Form N-4 (File No. 033-51268) filed on April 28, 1999.

 

i.                  Form of Rule 22C-2 Agreement between JPM Series Trust II and Integrity dated April 17, 2007.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

j.                  Form of Participation Agreement among PIMCO Variable Insurance Trust, Allianz Global Investors LLC and Integrity.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 30 to registration statement on Form N-4 (File No. 033-56654) filed on December 5, 2007.

 

k.               Form of Selling Agreement between Allianz Global Investors Distributors LLC and Integrity.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 30 to registration statement on Form N-4 (File No. 033-56654) filed on December 5, 2007.

 

l.                  Form of Services Agreement between Pacific Investment Management Company LLC and Integrity.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 30 to registration statement on Form N-4 (File No. 033-56654) filed on December 5, 2007.

 

m.            Form of Participation Agreement among Rydex Variable Trust, Rydex Distributors, Inc. and Integrity.

 

2



 

Incorporated by reference to Registrant’s Post-Effective Amendment No. 30 to registration statement on Form N-4 (File No. 033-56654) filed on December 5, 2007.

 

n.              Form of Services Agreement between Rydex Distributors, Inc. and Integrity.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 30 to registration statement on Form N-4 (File No. 033-56654) filed on December 5, 2007.

 

o.              Form of Administrative Services Agreement between PADCO Advisors II and Integrity.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 30 to registration statement on Form N-4 (File No. 033-56654) filed on December 5, 2007.

 

p.              Form of Participation Agreement among Touchstone Variable Series Trust and Integrity dated April 30, 2001 incorporated by reference to Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 033-56654) filed October 15, 2001.

 

q.              Form of 22c-2 Agreement between Touchstone Variable Series Trust and Integrity dated February 14, 2008.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

r.                 Form of Shareholder Services Agreement between Touchstone Advisors, Inc. and Integrity dated January 1, 2008.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

s.               Form of Participation Agreement among Deutsche Asset Management VIT Funds (formerly BT Insurance Funds Trust), Deutsche Asset Management, Inc. (formerly Bankers Trust Company) and Integrity dated October 2, 1997.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 25 to registration statement on form N-4 (File No. 033-51268), filed February 17, 2006.

 

t.                 Form of 22c-2 Agreement between DWS Scudder Distributors and Integrity dated February 16, 2007.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

u.              Form of Participation Agreement among The Universal Institutional Funds, Inc.,  Morgan Stanley  & Co., Inc., Morgan Stanley Investment Management, Incorporated and Integrity, dated January 2, 2003, incorporated by reference from Registrant’s Post-Effective Amendment No. 25 to registration statement on form N-4 (File No. 033-51268), filed February 17, 2006.

 

v.              Form of 22c-2 Agreement among The Universal Institutional Funds, Inc.,  Morgan Stanley  & Co., Incorporated, Morgan Stanley Investment Management, Inc. and Integrity dated February 16, 2007.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

w.            Form of Administrative Service Agreement between Morgan Stanley Distribution, Inc. (successor to Morgan Stanley & Co. Incorporated) and Integrity dated May 1, 2008.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

x.                Form of administrative services agreement between Morgan Stanley Investment Management Inc. and Integrity dated May 1, 2008.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

y.              Form of Participation Agreement among Van Kampen Investments Trust, Van Kampen Funds, Inc., Van Kampen Asset Management, Inc. and Integrity dated January 2, 2003.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 25 to registration statement on Form N-4 (File No. 033-51268), filed February 17, 2006.

 

z.                Form of 22c-2 Agreement between Van Kampen Investments Trust, Van Kampen Funds, Inc., Van Kampen Asset Management, Inc. and Integrity dated February 16, 2007.  Incorporated by reference from Registrant’s Post-Effective Amendment No. 14 to registration statement on Form N-4 (File No. 333-44876), filed on April 23, 2008.

 

9.               Opinion and Consent of Rhonda S. Malone, Esq. as to the legality of the securities registered, filed herewith.

 

10.         Consent of Independent Registered Public Accounting Firm.  Previously filed with Registrant’s Post-Effective Amendment No. 30 to Form N-4 to registration statement on Form N-4 (File No. 033-51268) filed on April 23, 2008 and hereby incorporated by reference.

 

11.         Not applicable.

 

12.         Not applicable.

 

13.         Powers of Attorney of the Board of Directors of The Western and Southern Life Insurance Company (WSLIC).  Incorporated by reference to Registrant’s Post-Effective Amendment No. 27 to registration statement on Form N-4 (File No. 033-51268) filed on February 12, 2007.

 

14.         Guarantee from WSLIC to the policy holders of Integrity.  Incorporated by reference to Registrant’s Post-Effective Amendment No. 27 to registration statement on Form N-4 (File No. 033-51268) filed on February 12, 2007.

 

3



 

Item 25.                     Directors and Officers of the Depositor

 

The names and principal business addresses* of the directors and officers of, and their positions with the Depositor are as follows:

 

Directors:

 

John F. Barrett

 

Director, Chairman of the Board

Edward J. Babbitt

 

Director, Secretary

Jill T. McGruder(1)

 

Director, President and Chief Executive Officer

John R. Lindholm(2)

 

Director

Robert L. Walker

 

Director

William J. Williams

 

Director

Donald J. Wuebbling

 

Director

 

Officers:

 

John F. Barrett

 

Director, Chairman of the Board

Jill T. McGruder

 

Director, President and Chief Executive Officer

Nicholas P. Sargen(1)

 

Senior Vice President and Chief Investment Officer

Edward J. Haines(1)

 

Senior Vice President

Kevin L. Howard

 

Senior Vice President and General Counsel

Constance M. Maccarone

 

Senior Vice President

Nora E. Moushey

 

Senior Vice President and Chief Actuary

Floyd D. Buchannan

 

Vice President

Maureen M. Firestone

 

Vice President

Michael F. Furgiuele(3)

 

Vice President

Daniel W. Harris

 

Vice President

D. Todd Henderson

 

Vice President and Chief Risk Officer

Bradley J. Hunkler

 

Vice President and Comptroller

Phillip E. King

 

Vice President

Paul M. Kruth(1)

 

Vice President

Michael R. Moser

 

Vice President and Chief Compliance Officer

Gerald Rusnak

 

Vice President

Denise L. Sparks

 

Vice President

Richard K. Taulbee

 

Vice President

James J. Vance

 

Vice President and Treasurer

Patty J. Wilson(1)

 

Vice President

Donald P. Myers

 

Assistant Vice President

Andrew P. Shull

 

Assistant Vice President

John A. Tak

 

Assistant Vice President

Gerald J. Ulland

 

Assistant Vice President

M. Lisa Cooper

 

Product Compliance Officer

Marvin J. Cox, Jr.

 

Manager, New Business

David L. DiMartino

 

Managing Actuary

Michael W. Collier

 

Manager, Financial Services

Edward J. Babbitt

 

Secretary

Thomas M. Barth

 

Assistant Treasurer

Douglas B. Perry

 

Assistant Treasurer

Cheryl J. Stotts

 

Assistant Treasurer

Timothy D. Speed

 

Assistant Treasurer

Sharon A. Cummings(1)

 

Licensing Officer

Brenda L. Feige(1)

 

Manager, Licensing

Cynthia A. Lyons

 

Manager, Annuity Operations

 


*The principal business address for the above is 400 Broadway, Cincinnati, Ohio 45202, unless otherwise noted.

(1) Principal Business Address: 303 Broadway, Cincinnati, Ohio 45202

(2) Principal Business Address: 101 South Fifth Street, Suite 3130 Louisville, KY 40202

 

4



 

(3) Principal Business Address: 301 Merritt 7, Norwalk, Connecticut 06851

 

Item 26.                     Persons Controlled by or Under Common Control with Integrity or Registrant

 

Affiliate

 

State

 

Entity

 

Ownership

 

Type of Business

303 Broadway QCS, LLC

 

Ohio

 

LLC

 

100% owned by The Western and Southern Life Insurance Company (WSLIC)

 

owns/operates real estate

Airport Exchange Hotel Partners

 

Kentucky

 

General Partnership

 

74% owned by WS Airport Exchange GP, LLC; 1% owned by Eagle Realty Investments, Inc. (ERI)

 

owns/operates real estate

AMLIWS Summit Ridge, LLC

 

Missouri

 

LLC

 

74% owned by WSLIC, 1% owned by Eagle

 

owns/operates real estate

Buckeye Venture Partners, LLC

 

Ohio

 

LLC

 

60% owned by Fort Washington Investment Advisors, Inc. (FWIA)

 

private equity fund management

Capital Analysts Agency, Inc.

 

Texas

 

Corporation

 

100% owned by an individual who is a resident of Texas, but under contractual association with Capital Analysts Incorporated

 

general insurance agency

Capital Analysts Incorporated

 

Delaware

 

Corporation

 

100% owned by Columbus Life Insurance Company (CLIC)

 

securities broker-dealer and investment advisor

Capital Analysts Insurance Agency, Inc.

 

Massachusetts

 

Corporation

 

100% owned by Capital Analysts Incorporated

 

general insurance agency

Carmel Holdings, LLC

 

Ohio

 

LLC

 

49% owned by W&S Real Estate Holdings, LLC; 1% owned by ERI

 

ownership in real estate entity

Carmel Hotel Investor, LLC

 

Ohio

 

LLC

 

100% owned by Carmel Holdings, LLC

 

ownership in real estate entity

Carmel Hotel, LLC

 

Indiana

 

LLC

 

74% owned by Carmel Hotel Investor, LLC; 1% owned by ERI

 

owns/operates real estate

Carthage Senior Housing, Ltd.

 

Ohio

 

LLC

 

98% owned by W&S Real Estate Holdings, LLC; 1% owned by ERI

 

owns/operates real estate

Centreport Hotels LLC

 

Texas

 

LLC

 

75% owned by ERI

 

owns/operates real estate

Centreport Partners LP

 

Texas

 

LP

 

25.25% owned by WSLIC; 49% owned by WSLR Dallas LLC, 1% owned by ERI

 

owns/operates real estate

Cleveland East Hotel, LLC

 

Ohio

 

LLC

 

74% owned by WSALD CEH, LLC; 1% owned by ERI

 

owns/operates real estate

Columbus Hotel Partners

 

Ohio

 

General Partnership

 

74% owned by WS Columbus Homewood GP, LLC; 1% owned by ERI

 

owns/operates real estate

Columbus Life Insurance Company

 

Ohio

 

Corporation

 

100% owned by WSLIC

 

 

Country Place Associates

 

Ohio

 

General Partnership

 

90% owned by WS Country Place GP, LLC; 10% owned by ERI

 

owns/operates real estate

Courtyard Nursing Care, LLC.

 

Ohio

 

LLC

 

100% owned by WSLAC

 

owns/operates real estate

Dublin Hotel LLC

 

Ohio

 

LLC

 

25% owned by WSLIC, 49% owned by WSLR Columbus LLC, 1% owned by ERI

 

owns/operates real estate

Eagle Realty Group, LLC

 

Ohio

 

LLC

 

100% owned by W&S Operating Holdings, LLC

 

real estate holding company

Eagle Realty Investments, Inc.

 

Ohio

 

Corporation

 

100% owned by Eagle Realty Group,

 

real estate

 

5



 

Affiliate

 

State

 

Entity

 

Ownership

 

Type of Business

(ERI)

 

 

 

 

 

LLC

 

 

Fort Washington Active Fixed Income LLC

 

Delaware

 

LLC

 

Managing Member Fort Washington Fixed Income LLC and investors include WSLIC

 

managing member for private fixed income fund

Fort Washington Capital Partners, LLC (FWCP)

 

Delaware

 

LLC

 

100% owned by FWIA

 

managing partner for private equity funds

Fort Washington Fixed Income Alpha LLC

 

Delaware

 

LLC

 

Managing Member Fort Washington Fixed Income LLC; investors include WSLIC

 

private fixed income fund.

Fort Washington Fixed Income LLC

 

Delaware

 

LLC

 

100% owned by FWIA

 

private fixed income fund

Fort Washington High Yield Investors II, LLC

 

Delaware

 

LLC

 

managing member is FWCP

 

private fixed income fund

Fort Washington High Yield Investors LLC

 

Delaware

 

LLC

 

managing member is FWCP

 

private fixed income fund

Fort Washington Investment Advisors, Inc. (FWIA)

 

Ohio

 

Corporation

 

100% owned by W&S Operating Holdings, LLC

 

registered investment adviser

Fort Washington Private Equity Investors II, L.P.

 

Delaware

 

LP

 

general partner is FWCP and investors include WSLIC

 

private equity fund

Fort Washington Private Equity Investors III, L.P.

 

Delaware

 

LP

 

general partner is FWCP and investors include WSLIC

 

private equity fund

Fort Washington Private Equity Investors IV, L.P.

 

Delaware

 

LP

 

general partner is FWCP and investors include WSLIC

 

private equity fund

Fort Washington Private Equity Investors V, L.P.

 

Delaware

 

LP

 

general partner is FWPEI V GP, LLC and investors include WSLIC

 

private equity fund

Fort Washington Private Equity Investors V-B, L.P.

 

Delaware

 

LP

 

general partner is FWPEI V GP, LLC and investors include WSLIC

 

private equity fund

Fort Washington Private Equity Investors VI, L.P.

 

Delaware

 

LP

 

general partner is FWPEI VI GP, LLC and investors include WSLIC

 

private equity fund

Fort Washington Private Equity Investors VI-B, L.P.

 

Delaware

 

LP

 

general partner is FWPEI VI GP, LLC and investors include WSLIC

 

private equity fund

Fort Washington Private Equity Investors VI-VC, L.P.

 

Delaware

 

LP

 

general partner is FWPEI V GP, LLC and investors include WSLIC

 

private equity fund

Fort Washington Private Equity Investors V-VC, L.P.

 

Delaware

 

LP

 

general partner is FWPEI V GP, LLC and investors include WSLIC

 

private equity fund

Fort Washington Savings Company

 

Ohio

 

Corporation

 

100% owned by WSLIC

 

bank

FWPEI V GP, LLC

 

Delaware

 

LLC

 

100% owned by FWIA

 

general partner of the three private equity funds

FWPEI VI GP, LLC

 

Delaware

 

LLC

 

100% owned by FWIA

 

general partner of the three private equity funds

Galveston Summerbrooke Apts., LLC

 

Texas

 

LLC

 

54% owned by Summerbrooke Apartments Investor, LLC; 1% owned by ERI

 

owns/operates real estate

IFS Agency Services, Inc.

 

Pennsylvania

 

Corporation

 

100% owned by IFS

 

general insurance agency

IFS Agency, Inc.

 

Texas

 

Corporation

 

100% owned by IFS

 

general insurance agency

IFS Financial Services, Inc. (IFS)

 

Ohio

 

Corporation

 

100% owned by Western-Southern Life Assurance Company (WSLAC)

 

marketing of financial products for distribution

IFS Fund Distributors, Inc.

 

Delaware

 

Corporation

 

100% owned by IFS

 

registered broker dealer

 

6



 

Affiliate

 

State

 

Entity

 

Ownership

 

Type of Business

IFS General Agency, Inc.

 

Pennsylvania

 

Corporation

 

100% owned by IFS

 

general insurance agency

IFS Insurance Agency, Inc.

 

Ohio

 

Corporation

 

99% owned by IFS

 

general insurance agency

Insurance Profillment Solutions, LLC

 

Ohio

 

LLC

 

100% owned by WSLIC

 

insurance marketing services

IR Mall Associates, Ltd.

 

Florida

 

LP

 

49.50% owned by WSLIC

 

owns/operates real estate

IR Mall Company, L.C.

 

Florida

 

LLC

 

50% owned by ERI

 

owns/operates real estate

Kentucky Co-Investment Partners, L.P.

 

Delaware

 

LP

 

general partner is FWCP

 

private equity fund

LaFrontera Hotel LLC

 

Texas

 

LLC

 

75% owned by ERI

 

owns/operates real estate

LaFrontera Lodging Partners LP

 

Texas

 

LP

 

74.25% owned by W&S Real Estate Holdings, LLC

 

owns/operates real estate

Lookout Corporate Center

 

Ohio

 

Joint Venture

 

50% owned by WS Lookout GP, LLC

 

owns/operates real estate

Mission Club Apartments General Partnership

 

Florida

 

General Partnership

 

95.5% owned by WSLIC, 4.5% owned by ERI

 

owns/operates real estate

National Integrity Life Insurance Company

 

New York

 

Corporation

 

100% owned by ILIC

 

 

New Mexico Co-Investment Partners, L.P.

 

Delaware

 

LP

 

general partner is FWCP

 

private equity fund

North Pittsburgh Hotel LLC

 

Pennsylvania

 

LLC

 

74% owned by WSALD NPH, LLC; 1% owned by ERI

 

owns/operates real estate

Northeast Cincinnati Hotel LLC

 

Ohio

 

LLC

 

25% owned by WSLIC, 49% owned by WSLR Cincinnati LLC, 1% owned by ERI

 

owns/operates real estate

OTR Housing Associates, L.P.

 

Ohio

 

LP

 

98% owned by WSLIC; 1% owned by ERI

 

owns/operates real estate

OTR Redevelopment Group, LLC

 

Ohio

 

LLC

 

100% owned by OTR Walnut Housing, Ltd.

 

ownership of real estate

OTR Transitional Housing, L.P.

 

Ohio

 

LP

 

99% owned by WSLIC

 

owns/operates real estate

OTR-Walnut Housing, Ltd.

 

Ohio

 

LLC

 

100% owned by ERI

 

owns/operates real estate

Park Avenue Lofts, LLC

 

Colorado

 

LLC

 

49% owned by Uptown Denver Investor, LLC; 1% owned by ERI

 

owns/operates real estate

Queen City Development I, LLC

 

Ohio

 

LLC

 

100% owned by Eagle Realty Group, LLC

 

operation of real estate

Race Street Development, Ltd.

 

Ohio

 

LLC

 

100% owned by W&S Real Estate Holdings, LLC

 

owns/operates real estate

Seasons Health Care LP

 

Ohio

 

LP

 

90% owned by WSLAC, 10% owned by Courtyard Nursing Care, LLC

 

owns/operates real estate

ServerVault Corp.

 

Delaware

 

Corporation

 

50% owned by WSLIC

 

technology

Shelbourne Campus Properties, LLC

 

Delaware

 

LLC

 

54% owned by Shelbourne Housing Investor, LLC; 1% owned by ERI

 

owns/operates real estate

Shelbourne Holdings, LLC

 

Ohio

 

LLC

 

98% owned by W&S Real Estate Holdings, LLC; 2% owned by ERI

 

ownership in real estate entity

Shelbourne Housing Investor, LLC

 

Ohio

 

LLC

 

100% owned by Shelbourne Holdings, LLC

 

ownership in real estate entity

Sixth and Race Development, LLC

 

Ohio

 

LLC

 

71% owned by Race Street Development, Ltd., 25% owned by ERI

 

owns/operates real estate

 

7



 

Affiliate

 

State

 

Entity

 

Ownership

 

Type of Business

Skyport Hotel LLC

 

Kentucky

 

LLC

 

25% owned by WSLIC, 49% owned by WSLR Skyport LLC; 1% owned by ERI

 

owns/operates real estate

Summerbrooke Apartments Investor, LLC

 

Ohio

 

LLC

 

100% owned by Summerbrooks Holdings, LLC

 

ownership in real estate entity

Summerbrooke Holdings, LLC

 

Ohio

 

LLC

 

98% owned by W&S Real Estate Holdings, LLC; 2% owned by ERI

 

ownership in real estate entity

The Lafayette Life Insurance Company

 

Indiana

 

Corporation

 

100% owned by Western & Southern Financial Group, Inc. (WSFG)

 

 

The Ohio Capital Fund LLC

 

Ohio

 

LLC

 

60% owned by FWIA and managed by Buckeye Venture Partners, LLC

 

state funded private equity fund

The Western and Southern Life Insurance Company (WSLIC)

 

Ohio

 

Corporation

 

100% owned by WSFG

 

 

Todd Investment Advisors, Inc.

 

Kentucky

 

Corporation

 

100% owned by FWIA

 

registered investment adviser

Touchstone Advisors, Inc.

 

Ohio

 

Corporation

 

100% owned by IFS

 

registered investment adviser

Touchstone Securities, Inc.

 

Nebraska

 

Corporation

 

100% owned by WSLAC

 

securities broker-dealer

Tri-State Growth Capital Fund I, L.P.

 

Delaware

 

LP

 

general partner is Tri-State Ventures, LLC and investors include WSLIC

 

private equity fund

Tri-State Growth Capital Fund II, L.P.

 

Delaware

 

LP

 

general partner is Tri-State Ventures II, LLC and investors include WSLIC

 

private equity fund

Tri-State Ventures II, LLC

 

Delaware

 

LLC

 

100% owned by FWIA

 

private equity fund

Tri-State Ventures, LLC

 

Delaware

 

LLC

 

100% owned by FWIA

 

private equity fund

Union Centre Hotel LLC

 

Ohio

 

LLC

 

25% owned by WSLIC; 49% owned by WSLR Union LLC; 1% owned by ERI

 

owns/operates real estate

Uptown Denver Apartment Holdings, LLC

 

Ohio

 

LLC

 

98% owned by W&S Real Estate Holdings, LLC; 2% owned by ERI

 

ownership in real estate entity

Uptown Denver Investor, LLC

 

Ohio

 

LLC

 

100% owned by Uptown Denver Apartment Holdings, LLC

 

ownership in real estate entity

Vinings Trace, LLC

 

Indiana

 

LLC

 

99% owned by WSLIC, 1% owned by ERI

 

owns/operates real estate

Vulcan Hotel LLC

 

Alabama

 

LLC

 

25% owned by WSLIC; 49% owned by WSLR Birmingham LLC; 1% owned by ERI

 

owns/operates real estate

W&S Brokerage Services, Inc.

 

Ohio

 

Corporation

 

100% owned by WSLAC

 

investment advisor and broker dealer

W&S Financial Group Distributors, Inc.

 

Ohio

 

Corporation

 

100% owned by IFS

 

general insurance agency

W&S Operating Holdings, LLC

 

Ohio

 

LLC

 

100% owned by WSLIC

 

ownership of operating entities

W&S Real Estate Holdings, LLC

 

Ohio

 

LLC

 

100% owned by WSLIC

 

ownership of real estate entities

WestAd Inc.

 

Ohio

 

Corporation

 

100% owned by WSLIC

 

general advertising, book selling and publishing

 

8



 

Affiliate

 

State

 

Entity

 

Ownership

 

Type of Business

Western & Southern Agency Services, Inc.

 

Pennsylvania

 

Corporation

 

100% owned by WSLIC

 

general insurance agency

Western & Southern Agency, Inc.

 

Ohio

 

Corporation

 

100% owned by WSLIC

 

general insurance agency

Western & Southern Financial Fund Inc.

 

Ohio

 

Non Profit Corporation

 

 

 

charitable giving

Western & Southern Financial Group, Inc. (WSFG)

 

Ohio

 

Corporation

 

100% owned by WSMHC

 

holding company

Western & Southern Mutual Holding Company (WSMHC)

 

Ohio

 

Corporation

 

Mutual

 

Insurance holding company

Western-Southern Life Assurance Company (WSLAC)

 

Ohio

 

Corporation

 

100% owned by WSLIC

 

 

West-Whi Columbus NW Partners

 

Ohio

 

General Partnership

 

74% owned by WS Columbus Northwest GP, LLC; 1% owned by ERI

 

owns/operates real estate

Windsor Hotel LLC

 

Connecticut

 

LLC

 

25% owned by WSLIC; 49% owned by WSLR Hartford LLC; 1% owned by ERI

 

owns/operates real estate

Wright Executive Hotel Limited Partners

 

Ohio

 

LP

 

60.50% owned by WSLIC; 0.61% owned by WS Wright Hotel GP, LLC

 

owns/operates real estate

WS Airport Exchange GP, LLC

 

Ohio

 

LLC

 

100% owned by W&S Real Estate Holdings, LLC

 

owns/operates real estate

WS Columbus Homewood GP, LLC

 

Ohio

 

LLC

 

100% owned by WSLIC

 

owns/operates real estate

WS Columbus Northwest GP, LLC

 

Ohio

 

LLC

 

100% owned by WSLIC

 

owns/operates real estate

WS Country Place GP, LLC

 

Ohio

 

LLC

 

100% owned by W&S Real Estate Holdings, LLC

 

owns/operates real estate

WS Lookout JV, LLC

 

Ohio

 

LLC

 

100% owned by WSLIC

 

owns/operates real estate

WS Wright Hotel GP, LLC

 

Ohio

 

LLC

 

100% owned by WSLIC

 

owns/operates real estate

WSA Commons, LLC

 

Georgia

 

LLC

 

50% owned by WSLIC

 

owns/operates real estate

WSALD CEH, LLC

 

Ohio

 

LLC

 

50% owned by WSLIC

 

owns/operates real estate

WSALD NPH, LLC

 

Ohio

 

LLC

 

50% owned by WSLIC; 1% owned by Eagle

 

owns/operates real estate

WSL Partners, L.P.

 

Delaware

 

LP

 

general partner is FWCP and investors include WSLIC

 

private equity fund

WSLR Birmingham LLC

 

Ohio

 

LLC

 

100% owned by WSLR LLC

 

ownership of real estate

WSLR Cincinnati LLC

 

Ohio

 

LLC

 

100% owned by WSLR LLC

 

ownership of real estate

WSLR Columbus LLC

 

Ohio

 

LLC

 

100% owned by WSLR LLC

 

ownership of real estate

WSLR Dallas LLC

 

Ohio

 

LLC

 

100% owned by WSLR LLC

 

ownership of real estate

WSLR Hartford LLC

 

Ohio

 

LLC

 

100% owned by WSLR LLC

 

ownership of real estate

WSLR Holdings LLC

 

Delaware

 

LLC

 

24.49% owned by WSLIC

 

ownership of real estate entity

WSLR LLC

 

Delaware

 

LLC

 

100% owned by WSLR Holdings, LLC

 

ownership of real estate entities

WSLR Skyport LLC

 

Ohio

 

LLC

 

100% owned by WSLR LLC

 

ownership of real estate

WSLR Union LLC

 

Ohio

 

LLC

 

100% owned by WSLR LLC

 

ownership of real estate

 

9



 

Item 27.                      Number of Contract Owners

 

As of September 30, 2008, there were 5,584 contract owners of Separate Account II of Integrity, including qualified and non-qualified contracts.

 

Item 28.                      Indemnification

 

Integrity’s By-Laws provide, in Article V, Section 5.1 provides:

 

To the extent permitted by the laws of the State of Ohio, subject to all applicable requirements thereof:

 

(a)                    The Corporation shall indemnify or agree to indemnify any person who was or is a party or is threatened to be made a party, to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the Corporation, by reason of the fact that he is or was a Director, officer, employee, or agent of the Corporation or is or was serving at the request of the Corporation as a Director, trustee, officer, employee, or agent of another corporation, domestic or foreign, non-profit or for profit, partnership, joint venture, trust, or other enterprise, against expenses, including attorney’s fees, judgments, fines, and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit, or proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Corporation, and with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.  The termination of any action, suit, or proceeding by judgment, order, settlement, or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Corporation and, with respect to any criminal action or proceeding, he had reasonable cause to believe that his conduct was unlawful.

 

(b)                   The Corporation shall indemnify or agree to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action or suit by or in the right of the Corporation to procure a judgment in its favor by reason of the fact that he is or was a Director, officer, employee, or agent of the Corporation, or is or was serving at the request of the Corporation as a Director, trustee, officer, employee, or agent of another corporation, domestic or foreign, non-profit or for profit, partnership, joint venture, trust, or other enterprise, against expenses, including attorney’s fees, actually and reasonably incurred by him in connection with the defense or settlement of such action or suit if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Corporation, except that no indemnification shall be made in respect to any of the following:

 

(1)            Any claim, issue, or matter as to which such person is adjudged to be liable for negligence or misconduct in the performance of his duty to the Corporation unless, and only to the extent the court of common pleas or the court in which such action or suit was brought determines upon application that, despite the adjudication of liability, but in view of all circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses as the court of common pleas or such other court shall deem proper;

 

(2)            Any action of suit in which the only liability asserted against a Director is pursuant to Section 1701.95 of the Ohio Revised Code.

 

(c)     To the extent that a Director, trustee, officer, employee, or agent has been successful in the merits or otherwise in defense of any action, suit, or proceeding referred to in division (a) and (b) of this Article, or in defense of any claim, issue or matter therein, he shall be indemnified against expenses, including attorney’s fees, actually and reasonably incurred by him in connection with the action, suit, or proceeding.

 

(d)     Any indemnification under divisions (a) and (b) of this Article, unless ordered by a court, shall be made by the Corporation only as authorized in the specific case upon the determination that indemnification of the Director, officer, employee, or agent is proper in the circumstances because he has met the applicable standard of conduct set forth in divisions (a) and (b) of this Article.  Such determination shall be made as follows:

 

(1)            By a majority vote of a quorum consisting of Directors of the Corporation who were not and are not parties to or threatened with any such action, suit, or proceeding;

 

(2)            If the quorum described in division (d)(1) of this Article is not obtainable or if a majority vote of a quorum of disinterested Directors so directs, in a written opinion by independent legal counsel other than an attorney, or a firm having associated with it an attorney, who has been retained by or who has performed services for the Corporation or any person to be indemnified within the past five years;

 

(3)            By the Shareholders; or

 

(4)            By the court of common pleas or the court in which such action, suit or proceeding was brought.

 

Any determination made by the disinterested Directors under Article (d)(1) or by independent legal counsel under Article (d)(2) shall be promptly communicated to the person who threatened or brought the action or suit by in the right of the Corporation under (b) of this Article, and within ten days after receipt of such

 

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notification, such person shall have the right to petition the court of common pleas or the court in which such action or suit was brought to review the reasonableness of such determination.

 

(e)                    (1)            Expenses, including attorney’s fees, incurred by a Director in defending the action, suit, or proceeding shall be paid by the Corporation as they are incurred, in advance of the final disposition of the action, suit, or proceeding upon receipt of an undertaking by or on behalf of the Director in which he agrees to do both of the following:

 

(i)                   Repay such amount if it is proved by clear and convincing evidence in a court of competent jurisdiction that his action or failure to act involved an act or omission undertaken with deliberate intent to cause injury to the Corporation or undertaken with reckless disregard for the best interests of the Corporation;

 

(ii)                Reasonably cooperate with the Corporation concerning the action, suit or proceeding.

 

(2)            Expenses, including attorney’s fees, incurred by a Director, officer, employee, or agent in defending any action, suit, or proceeding referred to in divisions (a) and (b) of this Article, may be paid by the Corporation as they are incurred, in advance of the final disposition of the action, suit, or proceeding as authorized by the Directors in the specific case upon receipt of an undertaking by or on behalf of the Director, officer, employee, or agent to repay such amount, if it ultimately is determined that he is not entitled to be indemnified by the Corporation.

 

(f)                      The indemnification authorized by this section shall not be exclusive of, and shall be in addition to, any other rights granted to those seeking indemnification under the Articles or the Regulations for any agreement, vote of Shareholders or disinterested Directors, or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a Director, officer, employee, or agent and shall inure to the benefit of the  heirs, executors, and administrators of such a person.

 

(g)                   The Corporation may purchase and maintain insurance or furnish similar protection, including but not limited to trust funds, letters of credit, or self insurance, on behalf of or for any person who is or was a Director, officer, employee, or agent of the Corporation, or is or was serving at the request of the Corporation as a Director, officer, employee, or agent of another corporation, domestic or foreign, non-profit or for profit, partnership, joint venture, trust, or other enterprise, against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not the Corporation would have the power to indemnify him against such liability under this section.  Insurance may be purchased from or maintained with a person in whom the Corporation has a financial interest.

 

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 whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

 

Item 29.                Principal Underwriters

 

(a)                    Touchstone Securities, Inc. (Touchstone Securities) is the principal underwriter for Separate Account II of Integrity Life Insurance Company.  Touchstone Securities also serves as an underwriter for Separate Accounts I and VUL of Integrity Life Insurance Company, Separate Accounts I and II of National Integrity Life Insurance Company, Western-Southern Life Assurance Company’s Separate Accounts 1 and 2, Columbus Life Insurance Company Separate Account I and for several series of Touchstone Variable Series Trust, Touchstone Strategic Trust, Touchstone Investment Trust, Touchstone Tax-Free Trust, Touchstone Institutional Funds Trust and Touchstone Funds Group Trust, each of which is affiliated with the Depositor.

 

(b)                     The names and principal business addresses* of the officers and directors of, and their positions with, Touchstone Securities, Inc. are as follows:

 

Directors:

 

James N. Clark(1)

Director

Jill T. McGruder

Director

 

11



 

Donald J. Wuebbling(1)

Director

 

Officers:

 

Gene L. Needles, Jr.

President

Richard K. Taulbee(1)

Vice President

Patricia J. Wilson

Chief Compliance Officer

James J. Vance

Vice President and Treasurer

Terrie A. Wiedenheft

Chief Financial Officer

Douglas B. Perry

Assistant Treasurer

Timothy D. Speed(1)

Assistant Treasurer

Cheryl J. Stotts

Assistant Treasurer

Rhonda S. Malone(1)

Secretary

 


*The principal business address for the above is 303 Broadway, Cincinnati, Ohio 45202, unless otherwise noted.

(1) Principal Business Address: 400 Broadway, Cincinnati, Ohio 45202

 

(c)                                              Not applicable.

 

Item 30.                    Location of Accounts and Records

 

The records required to be maintained by Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 to 31a-3 promulgated thereunder, are maintained by Integrity at 400 Broadway, Cincinnati, Ohio 45202

 

Item 31.                    Management Services

 

There are currently no management-related services provided to the Registrant.

 

Item 32.                    Undertakings

 

The Registrant hereby undertakes:

 

(a)          to file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements of the Registrant, Depositor and Guarantor in the registration statement are never more than 16 months old for so long as payments under the variable annuity contracts may be accepted;

 

(b)         to include either (1) as part of any application to purchase a contract offered by the prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a postcard or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a Statement of Additional Information; and

 

(c)          to deliver any Statement of Additional Information and any financial statements required to be made available under this Form, including the WSLIC financial statements,  promptly upon written or oral request.

 

(d)         to update the registration statement if WSLIC terminates its guarantee to Integrity policy holders.

 

During any time there are insurance obligations outstanding and covered by the Guarantee issued by WSLIC, filed as an exhibit to this registration statement, Integrity hereby undertakes to provide notice to contract owners promptly after the happening of significant events related to the Guarantee.  These significant events include: (i) termination of the Guarantee that has a material adverse effect on the contract owner’s rights under the Guarantee; (ii) a default under the Guarantee that has a material adverse effect on the contract owner’s rights under the Guarantee; or (iii) the insolvency of WSLIC.

 

Integrity represents that the aggregate charges under variable annuity contracts described in this Registration Statement are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Integrity.

 

Integrity represents that it recognizes the requirements of Section 17(h) of the Investment Company Act of 1940, specifically that it shall not protect or purport to protect any director or officer of the Registrant or Depositor against any liability to them or to their security holders to which he would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his office.

 

12



 

SIGNATURES

 

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, the Depositor and the Guarantor, certify that they meet all of the requirements for effectiveness of this post-effective amendment to their Registration Statement pursuant to Rule 485 under the Securities Act of 1933 and have duly caused this amendment to the Registration Statement to be signed on their behalf, in the City of Cincinnati and State of Ohio on this 5th day of November 2008.

 

 

SEPARATE ACCOUNT II OF

INTEGRITY LIFE INSURANCE COMPANY

(Registrant)

 

By:  Integrity Life Insurance Company

(Depositor)

 

 

 

By:

/s/ Jill T. McGruder

 

 

 

 

 

 

 

Jill T. McGruder, President and CEO

 

 

 

INTEGRITY LIFE INSURANCE COMPANY

(Depositor)

 

 

 

By:

/s/ Jill T. McGruder

 

 

 

 

 

 

 

Jill T. McGruder, President and CEO

 

 

 

THE WESTERN AND SOUTHERN LIFE INSURANCE COMPANY

(Guarantor)

 

 

 

By:

/s/ John F. Barrett

 

 

 

 

 

 

 

John F. Barrett, Chairman, President and CEO

 

 



 

SIGNATURES

 

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Depositor has duly caused this amendment to the Registration Statement to be signed on its behalf, in the City of Cincinnati and State of Ohio on this 5th day of November 2008.

 

INTEGRITY LIFE INSURANCE COMPANY

(Depositor)

 

 

By:

/s/ Jill T. McGruder

 

 

 

 

 

 

 

Jill T. McGruder, President and CEO

 

 

The following persons, in the capacities and on the dates indicated, have signed this amendment to the Registration Statement as required by the Securities Act of 1933:

 

 

PRINCIPAL EXECUTIVE OFFICER:

 

/s/ Jill T. McGruder

 

 

 

 

 

 

 

Jill T. McGruder, President and CEO

 

 

 

November 5, 2008

 

 

PRINCIPAL FINANCIAL OFFICER:

 

/s/ Bradley J. Hunkler

 

 

 

 

 

 

Bradley J. Hunkler, Vice President and Comptroller

 

 

November 5, 2008

 

 

PRINCIPAL ACCOUNTING OFFICER:

 

/s/ Bradley J. Hunkler

 

 

 

 

 

 

Bradley J. Hunkler, Vice President and Comptroller

 

 

November 5, 2008

 

 

DIRECTORS:

 

/s/ John F. Barrett

 

/s/ Robert L. Walker

 

 

John F. Barrett

Robert L. Walker

November 5, 2008

November 5, 2008

 

 

 

 

/s/ Edward J. Babbitt

 

/s/ William J. Williams

 

 

Edward J. Babbitt

William J. Williams

November 5, 2008

November 5, 2008

 

 

 

 

/s/ Jill T. McGruder

 

/s/ Donald J. Wuebbling

 

 

Jill T. McGruder

Donald J. Wuebbling

November 5, 2008

November 5, 2008

 



 

SIGNATURES

 

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Guarantor has duly caused this amendment to the Registration Statement to be signed on its behalf, in the City of Cincinnati and State of Ohio on this 5th day of November 2008.

 

 

THE WESTERN AND SOUTHERN LIFE INSURANCE COMPANY

(Guarantor)

 

 

By:

/s/ John F. Barrett

 

 

 

 

 

 

 

John F. Barrett, Chairman, President and CEO

 

 

 

PRINCIPAL EXECUTIVE OFFICER:

 

/s/ John F. Barrett

 

 

 

 

 

 

John F. Barrett, Chairman, President and CEO

 

 

November 5, 2008

 

 

PRINCIPAL FINANCIAL OFFICER:

 

/s/ Robert L. Walker

 

 

 

 

 

 

Robert L. Walker, Senior Vice President and Chief Financial Officer

 

 

November 5, 2008

 

 

PRINCIPAL ACCOUNTING OFFICER:

 

/s/ Robert L. Walker

 

 

 

 

 

 

Robert L. Walker, Senior Vice President and Chief Financial Officer

 

 

November 5, 2008

 

 

DIRECTORS:

 

/s/ John F. Barrett

 

/s/ Edward S. Heenan, attorney-in-fact for George H. Walker, III

 

 

John F. Barrett

George H. Walker, III

November 5, 2008

November 5, 2008

 

 

 

 

/s/ Edward S. Heenan, attorney-in-fact for James N. Clark

 

/s/ Edward S. Heenan, attorney-in-fact for Thomas L. Williams

 

 

James N. Clark

Thomas L. Williams

November 5, 2008

November 5, 2008

 

 

 

 

/s/ Edward S. Heenan, attorney-in-fact for Jo Ann Davidson

 

/s/ Edward S. Heenan, attorney-in-fact for William J. Williams

 

 

Jo Ann Davidson

William J. Williams

November 5, 2008

November 5, 2008

 

 

 

 

/s/ Edward S. Heenan, attorney-in-fact for Eugene P. Ruehlmann

 

/s/ Edward S. Heenan, attorney-in-fact for Donald A. Bliss

 

 

Eugene P. Ruehlmann

Donald A. Bliss

November 5, 2008

November 5, 2008