485APOS 1 d381402d485apos.htm 485APOS VALUE EDGE 485APOS VALUE EDGE

As filed with the Securities and Exchange Commission on July 30, 2012.

Registration Nos. 333-148865

811-08946

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-4

REGISTRATION STATEMENT

UNDER

  THE SECURITIES ACT OF 1933    x
  Pre-Effective Amendment No.    ¨
  Post-Effective Amendment No. 12    x

and/or

REGISTRATION STATEMENT

UNDER

  THE INVESTMENT COMPANY ACT OF 1940    x
  Amendment No. 349    x

(Check appropriate box or boxes)

 

 

SEPARATE ACCOUNT A

(Exact Name of Registrant)

PACIFIC LIFE INSURANCE COMPANY

(Name of Depositor)

 

 

700 Newport Center Drive

Newport Beach, California 92660

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

(949) 219-3943

(Depositor’s Telephone Number, including Area Code)

 

 

Brandon J. Cage

Assistant Vice President

Pacific Life Insurance Company

700 Newport Center Drive

Newport Beach, California 92660

(Name and address of agent for service)

 

 

Approximate Date of Proposed Public Offering:

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

  ¨ immediately upon filing pursuant to paragraph (b) of Rule 485
  ¨ on                  pursuant to paragraph (b) of Rule 485
  ¨ 60 days after filing pursuant to paragraph (a)(1) of Rule 485
  þ on October 1, 2012 pursuant to paragraph (a)(1) of Rule 485

If appropriate, check the following box:

  ¨ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

Title of Securities Being Registered: Interests in the Separate Account under Pacific Value Edge individual flexible premium variable annuity contracts.

Filing Fee: None

 

 

 

Prospectus

(Included in Registrant’s Form N-4, File No. 333-148865, Accession No. 0000950123-12-006430 filed on April 24, 2012, and incorporated by reference herein)

SAI

(Included in Registrant’s Form N-4, File No. 333-148865, Accession No. 0000950123-12-006430 filed on April 24, 2012, and incorporated by reference herein.)

Supplement Dated October 1, 2012 To The Prospectus Dated May 1, 2012

For The Pacific Voyages, Pacific Odyssey, Pacific Innovations Select, Pacific One Select, Pacific One, Pacific Portfolios,

Pacific Value, And Pacific Value Edge Variable Annuity Contracts Issued By Pacific Life Insurance Company

Capitalized terms used in this supplement are defined in the applicable Prospectus unless otherwise defined herein. ‘‘We,’’ ‘‘us,’’ or ‘‘our’’ refer to Pacific Life Insurance Company; ‘‘you’’ or ‘‘your’’ refer to the Contract Owner.

This supplement must be preceded or accompanied by the applicable Prospectus dated May 1, 2012, as supplemented.

The purpose of this supplement is to modify the annual charges for certain optional living benefit riders and to add additional Investment Options.

For Income Access and Guaranteed Protection Advantage 3 optional living benefit riders with a Rider Effective Date on or after October 1, 2012, all references in the Prospectus to the current/annual charge percentage and the maximum annual charge percentage will change to the following:

 

     Current/Annual
Charge Percentage		   Maximum Annual
Charge Percentage

Income Access

    1.10%   1.75%

Guaranteed Protection Advantage 3 (GPA 3)

    1.30%   1.75%

If you purchased the above referenced riders and your Rider Effective Date is before October 1, 2012, the rider charge percentage changes do not apply to you.

Effective October 1, 2012, all references in the Prospectus to the current/annual charge percentage for the following optional living benefit riders will change to the following:

 

     Current/Annual
Charge Percentage

CoreIncome Advantage Plus (Single)

    0.40%

CoreIncome Advantage Plus (Joint)

    0.60%

CoreIncome Advantage 5 Plus (Single)

    0.80%

CoreIncome Advantage 5 Plus (Joint)

    1.00%

CoreIncome Advantage

    0.40%

CoreIncome Advantage 5

    0.80%

CoreProtect Advantage

    1.00%

If you purchased one of the above referenced riders and your Rider Effective Date is before October 1, 2012, the new percentage will not apply unless a Reset occurs as disclosed in your Prospectus. The Maximum Annual Charge Percentage is not changing for any of the optional riders listed above. Please see the CHARGES, FEES AND DEDUCTIONS – Optional Rider Charges section and the OPTIONAL LIVING BENEFIT RIDERS section in the Prospectus for complete information.

On or about October 1, 2012, the following Investment Options will be available:

 

PACIFIC SELECT FUND

   INVESTMENT GOAL   MANAGER

Global Absolute Return

   Seeks to provide total return.   Eaton Vance Management

Currency Strategies

   Seeks to provide total return.   UBS Global Asset Management (Americas), Inc.

Precious Metals

   Seeks long-term growth of capital.   Wells Capital Management Incorporated

For more information on the new Pacific Select Fund portfolios, including a discussion of the investment techniques, charges and expenses, and risks associated with each portfolio’s investments, see the Pacific Select Fund prospectus. You can obtain a Pacific Select Fund prospectus by contacting your financial advisor or online at www.PacificLife.com/PacificSelectFund.htm.

PART II

Part C: OTHER INFORMATION

Item 24. Financial Statements and Exhibits

 

  (a) Financial Statements

Part A: None

Part B:

 

  (1) Registrant’s Financial Statements

Audited Financial Statements dated as of December 31, 2011 and for each of the periods presented which are incorporated by reference from the 2011 Annual Report include the following for Separate Account A:

Statements of Assets and Liabilities

Statements of Operations

Statements of Changes in Net Assets

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

 

  (2) Depositor’s Financial Statements

Audited Consolidated Financial Statements dated as of December 31, 2011 and 2010, and for each of the three years in the period ended December 31, 2011, included in Part B include the following for Pacific Life:

Independent Auditors’ Report

Consolidated Statements of Financial Condition

Consolidated Statements of Operations

Consolidated Statements of Stockholder’s Equity

Consolidated Statements of Cash Flows

Notes to Consolidated Financial Statements

 

  (b) Exhibits

 

1.       (a)       Resolution of the Board of Directors of the Depositor authorizing establishment of Separate Account A and Memorandum establishing Separate Account A.1
  (b)   Resolution of the Board of Directors of Pacific Life Insurance Company authorizing conformity to the terms of the current Bylaws.2

 

II- 1

2.        Not applicable
3.    (a)   Distribution Agreement between Pacific Life Insurance Company, Pacific Life & Annuity Company and Pacific Select Distributors, Inc. (PSD)26
   (b)   Form of Selling Agreement between Pacific Life, PSD and Various Broker Dealers11
4.    (a)   Individual Flexible Premium Deferred Variable Annuity Contract (Form No. 10-1143)15
   (b)   (1)    403(b) Tax-Sheltered Annuity Rider (Form No. 20-15200)12
     (2)    403(b) Tax-Sheltered Annuity Rider (Form No. 20-1156)19
   (c)   Section 457 Plan Rider (Form No. 24-123799)12
   (d)   Individual Retirement Annuity Rider (Form No. 20-18900)5
   (e)   Roth Individual Retirement Annuity Rider (Form No. 20-19000)5
   (f)   SIMPLE Individual Retirement Annuity Rider (Form No. 20-19100)5
   (g)   Qualified Retirement Plan Rider (Form No. 20-14200)12
   (h)   Guaranteed Earnings Enhancement (EEG) Rider (Form No. 20-14900)3
   (i)   Guaranteed Protection Advantage 5 Rider (Form No. 20-19600)7
   (j)   (1)    Income Access Rider (Form No. 20-1104)7
     (2)    Income Access Endorsement (Form No. 15-1122)10
     (3)    Excess Withdrawal Endorsement (Form No. 15-1152C)18
   (k)   DCA Plus Fixed Option Rider (Form No. 20-1103)6
   (l)   Guaranteed Income Annuity Rider (Form No. 20-1118)8
   (m)   Stepped-Up Death Benefit Rider (Form No. 20-1117)8
   (n)   (1)    5% Guaranteed Withdrawal Benefit Rider (Form No. 20-1131)13
     (2)    Excess Withdrawal Endorsement (Form No. 15-1152)18
   (o)   (1)    Joint Life 5% Guaranteed Withdrawal Benefit Rider (Form No. 20-1135)13
     (2)    Excess Withdrawal Endorsement (Form No. 15-1152B)18
   (p)   Guaranteed Protection Advantage 3 Rider (Form No. 20-1144)14
   (q)   (1)    Guaranteed Withdrawal Benefit II Rider (Form No. 20-1146)14
     (2)    Excess Withdrawal Endorsement (Form No. 15-1152)18
   (r)   Guaranteed Withdrawal Benefit III Rider (Form No. 20-1153)18
   (s)   Guaranteed Withdrawal Benefit Rider (Form No. 20-1154)18
   (t)   Joint Life Guaranteed Withdrawal Benefit Rider (Form No. 20-1155)18
   (u)   Core Withdrawal Benefit Rider (Form No. 20-1162)20
   (v)   Guaranteed Withdrawal Benefit IV Rider (Form No. 20-1176)21
   (w)   Core Withdrawal Benefit II Rider (Form No. 20-1178)22
   (x)   Guaranteed Withdrawal Benefit V Rider — Single Life (Form No. ICC 10:20-1194)23
   (y)   Guaranteed Withdrawal Benefit V Rider — Joint Life (Form No. ICC 10:20-1195)23
   (z)   Guaranteed Withdrawal Benefit VII Rider — Single Life (Form No. ICC 11:20-1204)25
   (aa)   Guaranteed Withdrawal Benefit VII Rider — Joint Life (Form No. ICC 11:20-1205)25
5.    (a)   Variable Annuity Application17
6.    (a)   Pacific Life’s Articles of Incorporation2
   (b)   By-laws of Pacific Life2
   (c)   Pacific Life’s Restated Articles of Incorporation11
   (d)   By-laws of Pacific Life As Amended September 1, 200511
7.      Form of Reinsurance Agreement16
8.    (a)   Pacific Select Fund Participation Agreement4
   (b)   Fund Participation Agreement Between Pacific Life Insurance Company, Pacific Select Distributions, Inc., American Funds Insurance Series, American Funds Distributors, and Capital Research and Management Company9
   (c)   Form of AllianceBernstein Variable Products Series Fund, Inc. Participation Agreement18
   (d)   Form of BlackRock Variable Series Fund, Inc. Participation Agreement18
     (1)    Amendment to Participation Agreement22
   (e)   Form of Franklin Templeton Variable Insurance Products Trust Participation Agreement18
     (1)    First Amendment to Participation Agreement22
     (2)    Second Amendment to Participation Agreement25
   (f)   Form of AllianceBernstein Investments, Inc. Administrative Services Agreement18
   (g)   Form of BlackRock Distributors, Inc. Administrative Services Agreement18
     (1)    Amendment to Administrative Services Agreement22
   (h)   Form of Franklin Templeton Services, LLC Administrative Services Agreement18
     (1)    First Amendment to Administrative Services Agreement22
   (i)   Form of AIM Variable Insurance Funds Participation Agreement19
     (1)    First Amendment to Participation Agreement27
   (j)   Form of Invesco Aim Distributors, Inc. Distribution Services Agreement19
   (k)   Form of Invesco Aim Advisors, Inc. Administrative Services Agreement19
   (l)   Form of GE Investments Funds, Inc. Participation Agreement19
     (1)    Amendment to Participation Agreement22
   (m)   Form of GE Investment Distributors, Inc. Distribution and Services Agreement (Amended and Restated)22
   (n)   Form of Van Kampen Life Investment Trust Participation Agreement19
   (o)   Form of Van Kampen Funds, Inc. Shareholder Service Agreement19
   (p)   Form of Van Kampen Asset Management Administrative Services Letter Agreement19
   (q)   Form of GE Investments Funds, Inc. Investor Services Agreement22
     (1)    First Amendment to Investor Services Agreement22
   (r)   Form of PIMCO Variable Insurance Trust Participation Agreement22
     (1)    First Amendment to Participation Agreement25
     (2)    Second Amendment to Participation Agreement25
   (s)   Form of Allianz Global Investors Distributors LLC Selling Agreement22
   (t)   Form of PIMCO LLC Services Agreement22
   (u)   Form of MFS Variable Insurance Trust Participation Agreement24
     (1)    First Amendment to Participation Agreement24
     (2)    Second Amendment to Participation Agreement25
   (v)   Form of MFS Variable Insurance Trust Administrative Services Agreement24
   (w)   Participation Agreement with Fidelity Variable Insurance Products (Variable Insurance Products Funds, Variable Insurance Products Fund II, Variable Insurance Products Fund III and Variable Insurance Products Funds V).27
     (1)    First Amendment to Participation Agreement27
     (2)    Second Amendment to Participation Agreement27
   (x)   Service Contract with Fidelity Distributors Corporation27
     (1)    Amendment to Service Contract27
   (y)   Participation Agreement with First Trust Variable Insurance Trust27
   (z)   Administrative Services Agreement with First Trust Variable Insurance Trust27
   (aa)   Support Agreement with First Trust Advisors L.P.27
9.    Opinion and Consent of legal officer of Pacific Life Insurance Company as to the legality of Contracts being registered.15

 

II- 2

10.

    Consent of Independent Registered Public Accounting Firm and Consent of Independent Auditors27
11.   

Not applicable

12.   

Not applicable

13.   

Powers of Attorney27

 

1 

Included in Registrant’s Form N-4, File No. 33-88460, Accession No. 0000898430-96-001377 filed on April 19, 1996 and incorporated by reference herein.

2 

Included in Registrant’s Form N-4, File No. 33-88460, Accession No. 0001017062-98-000945 filed on April 29, 1998 and incorporated by reference herein.

3 

Included in Registrant’s Form N-4, File No. 33-88460, Accession No. 0001017062-01-000459 filed on March 2, 2001, and incorporated by reference herein.

4 

Included in Registrant’s Form N-4, File No. 33-88460, Accession No. 0001017062-01-500083 filed on April 25, 2001 and incorporated by reference herein.

5 

Included in Registrant’s Form N-4, File No. 033-88460, Accession No. 0001017062-02-002150 filed on December 19, 2002 and incorporated by reference herein.

6 

Included in Registrant’s Form N-4, File No. 033-88460, Accession No. 0001193125-03-099259 filed on December 24, 2003 and incorporated by reference herein.

7 

Included in Registrant’s Form N-4, File No. 033-88460, Accession No. 0001193125-04-031337 filed on February 27, 2004 and incorporated by reference herein.

8 

Included in Registrant’s Form N-4, File No. 033-88460, Accession No. 0000892569-04-000888 filed on October 15, 2004 and incorporated by reference herein.

9 

Included in Registrant’s Form N-4, File No. 333-93059, Accession No. 0000892569-05-000253 filed on April 19, 2005 and incorporated by reference herein.

10 

Included in Registrant’s Form N-4, File No. 033-88460, Accession No. 0000892569-05-000440 filed on June 15, 2005 and incorporated by reference herein.

11 

Included in Registrant’s Form N-4, File No. 033-88460, Accession No. 0000892569-06-000528 filed on April 18, 2006 and incorporated by reference herein.

12 

Included in Registrant’s Form N-4, File No. 333-136597, Accession No. 0000892569-06-000999 filed on August 14, 2006 and incorporated by reference herein.

13 

Included in Registrant’s Form N-4, File No. 333-141135, Accession No. 0000892569-07-000204, filed on March 8, 2007, and incorporated by reference herein.

14 

Included in Registrant’s Form N-4, File No. 333-141135, Accession No. 0000892569-07-001521, filed on December 12, 2007, and incorporated by reference herein.

15 

Included in Registrant’s Form N-4, File No. 333-148865, Accession No. 0000892569-08-000079, filed on January 25, 2008, and incorporated by reference herein.

16 

Included in Registrant’s Form N-4, File No. 333-148865, Accession No. 0000892569-08-00440, filed on March 27, 2008, and incorporated by reference herein.

17 

Included in Registrant’s Form N-4, File No. 333-148865, Accession No. 0000892569-08-000636, filed on April 23, 2008, and incorporated by reference herein.

18 

Included in Registrant’s Form N-4, File No. 333-136597, Accession No. 0000892569-08-000961, filed on July 2, 2008, and incorporated by reference herein.

19 

Included in Registrant’s Form N-4, File No. 333-148865, Accession No. 0000892569-08-001562, filed on December 4, 2008, and incorporated by reference herein.

20

Included in Registrant’s Form N-4, File No. 333-136597, Accession No. 0000892569-09-000061, filed on February 9, 2009, and incorporated by reference herein.

21 

Included in Registrant’s Form N-4, File No. 333-136597, Accession No. 0000950123-09-050719, filed on October 16, 2009, and incorporated by reference herein.

22 

Included in Registrant’s Form N-4, File No. 333-148865, Accession No. 0000950123-10-036169, filed on April 20, 2010, and incorporated by reference herein.

23 

Included in Registrant’s Form N-4, File No. 333-148865, Accession No. 0000950123-10-115919 filed on December 23, 2010, and incorporated by reference herein.

24 

Included in Registrant’s Form N-4, File No. 333-160772, Accession No. 0000950123-10-036181 filed on April 20, 2010, and incorporated by reference herein.

25 

Included in Registrant’s Form N-4, File No. 333-148865, Accession No. 0000950123-11-036756 filed on April 19, 2011, and incorporated by reference herein.

26 

Included in Registrant’s Form N-4, File No. 333-60833, Accession No. 0000950123-11-061492 filed on June 24, 2011, and incorporated by reference herein.

27 

Included in Registrant’s Form N-4, File No. 333-148865, Accession No. 0000950123-12-006430 filed on April 24, 2012, and incorporated by reference herein.

Item 25. Directors and Officers of Pacific Life

 

Name and Address

    Positions and Offices with Pacific Life

James T. Morris

    Director, Chairman and Chief Executive Officer

Khanh T. Tran

    Director and President

Adrian S. Griggs

    Executive Vice President and Chief Financial Officer

Sharon A. Cheever

    Director, Senior Vice President and General Counsel

Jane M. Guon

    Director, Vice President and Secretary

Edward R. Byrd

    Senior Vice President and Chief Accounting Officer

Brian D. Klemens

    Vice President and Controller

Dewey P. Bushaw

    Executive Vice President

Denis P. Kalscheur

    Senior Vice President and Treasurer

 

The address for each of the persons listed above is as follows:

700 Newport Center Drive

Newport Beach, California 92660

 

II- 3

Item 26. Persons Controlled by or Under Common Control with Pacific Life or Separate Account A.

The following is an explanation of the organization chart of Pacific eLife’s subsidiaries:

Pacific Life is a Nebraska Stock Life Insurance Company wholly-owned by Pacific LifeCorp (a Delaware Stock Holding Company), which is, in turn, 100% owned by Pacific Mutual Holding Company (a Nebraska Mutual Insurance Holding Company).

PACIFIC LIFE, SUBSIDIARIES & AFFILIATED ENTERPRISES

LEGAL STRUCTURE

 

      Jurisdiction of
Incorporation or
Organization		    Percentage of
Ownership by  its
Immediate Parent		  

Pacific Mutual Holding Company

    Nebraska   

Pacific LifeCorp

    Delaware      100   

Pacific Life Insurance Company

    Nebraska      100   

Pacific Life & Annuity Company

    Arizona      100   

Pacific Select Distributors, Inc.

    California      100   

Pacific Select, LLC

    Delaware      100   

Pacific Asset Holding LLC

    Delaware      100   

Pacific TriGuard Partners LLC#

    Delaware      100   

Grayhawk Golf Holdings, LLC

    Delaware      95   

Grayhawk Golf L.L.C.

    Arizona      100   

Las Vegas Golf I, LLC

    Delaware      100   

Angel Park Golf, LLC

    Nevada      100   

CW Atlanta, LLC

    Delaware      100   

City Walk Towers, LLC

    Delaware      100   

Kierland One, LLC

    Delaware      100   

Kinzie Member, LLC

    Delaware      100   

Parcel B Owner LLC

    Delaware      88   

Kinzie Parcel A Member, LLC

    Delaware      100   

Parcel A Owner LLC

    Delaware      90   

PL/KBS Fund Member, LLC

    Delaware      100   

KBS/PL Properties, L.P.#

    Delaware      99.9   

Wildflower Member, LLC

    Delaware      100   

Epoch-Wildflower, LLC

    Florida      99   

Sedona Golf Club, LLC

    Delaware      100   

Glenoaks Golf Club, LLC

    Delaware      100   

Polo Fields Golf Club, LLC

    Delaware      100   

PL Regatta Member, LLC

    Delaware      100   

Pacific Asset Loan LLC

    Delaware      100   

PL Vintage Park Member, LLC

    Delaware      100   

PL Broadstone Avena Member, LLC

    Delaware      100   

PAR Industrial LLC

    Delaware      100   

Confederation Life Insurance and Annuity Company

    Georgia      100   

Pacific Life Fund Advisors LLC

    Delaware      100   

Pacific Alliance Reinsurance Company of Vermont

    Vermont      100   

Pacific Mezzanine Associates L.L.C.

    Delaware      67   

Pacific Mezzanine Investors L.L.C.#

    Delaware      100   

Pacific Global Advisors LLC

    Delaware      100   

Pacific Services Canada Limited

    Canada      100   

Aviation Capital Group Corp.

    Delaware      100   

ACG Acquisition 4063 LLC

    Delaware      100   

ACG Acquisition 4084 LLC

    Delaware      100   

ACG Acquisition Ireland III Limited

    Ireland      100   

ACG Acquisition Ireland V Ltd.

    Ireland      100   

ACG Acquisition 4658 LLC

    Delaware      100   

ACG Acquisition 2688 LLC

    Delaware      100   

Aviation Capital Group Singapore Pte. Ltd.

    Singapore      100   

ACG International Ltd.

    Bermuda      100   

ACG Capital Partners Singapore Pte. Ltd.

    Singapore      50   

ACG Capital Partners LLC

    Delaware      100   

ACG Acquisition VI LLC

    Nevada      50   

ACG Acquisition XIX LLC

    Delaware      20   

ACG XIX Holding LLC

    Delaware      100   

Aviation Capital Group Trust

    Delaware      100   

ACG Acquisition XV LLC

    Delaware      100   

ACG Acquisition XX LLC

    Delaware      100   

ACG Acquisition (Bermuda) Ltd.

    Bermuda      100   

ACG Acquisition Ireland Limited

    Ireland      100   

ACG Acquisition Labuan Ltd.

    Labuan      100   

ACG Acquisitions Sweden AB

    Sweden      100   

ACG Acquisition XXI LLC

    Delaware      100   

ACG Trust 2004 -1 Holding LLC

    Delaware      100   

ACG Funding Trust 2004-1

    Delaware      100   

ACG 2004-1 Bermuda Limited

    Bermuda      100   

ACG Acquisition 2004-1 Ireland Limited

    Ireland      100   

ACG Trust II Holding LLC

    Delaware      100   

Aviation Capital Group Trust II

    Delaware      100   

ACG Acquisition XXV LLC

    Delaware      100   

ACG Acquisition 37 LLC

    Delaware      100   

ACG Acquisition 38 LLC

    Delaware      100   

ACG Acquisition Ireland II Limited

    Ireland      100   

ACG Acquisition (Bermuda) II Ltd.

    Bermuda      100   

ACG Acquisition XXIX LLC

    Delaware      100   

ACG Acquisition XXX LLC

    Delaware      100   

ACG Acquisition 31 LLC

    Delaware      100   

ACG Acquisition 32 LLC

    Delaware      100   

ACG Acquisition 33 LLC

    Delaware      100   

ACG Acquisition 36 LLC

    Delaware      100   

ACG Acquisition 39 LLC

    Delaware      100   

ACGFS LLC

    Delaware      100   

ACG Acquisition 35 LLC

    Delaware      100   

Boullioun Aviation Services Inc.

    Washington      100   

Boullioun Aircraft Holding Company, Inc.

    Washington      100   

Boullioun Portfolio Finance III LLC

    Nevada      100   

ACG ECA Bermuda Limited

    Ireland      100   

ACG III Holding LLC

    Delaware      100   

ACG Trust III

    Delaware      100   

RAIN I LLC

    Delaware      100   

RAIN II LLC

    Delaware      100   

RAIN III LLC

    Delaware      100   

RAIN IV LLC

    Delaware      100   

RAIN V LLC

    Delaware      100   

RAIN VI LLC

    Delaware      100   

RAIN VII LLC

    Delaware      100   

RAIN VIII LLC

    Delaware      100   

ACG Acquisition 169 LLC

    Delaware      100   

ACG Acquisition 30271 LLC

    Delaware      100   

ACG Acquisition 30744 LLC

    Delaware      100   

ACG Acquisition 30745 LLC

    Delaware      100   

ACG Acquisition 30289 LLC

    Delaware      100   

ACG Acquisition 30293 LLC

    Delaware      100   

ACG Acquisition 1176 LLC

    Delaware      100   

0179 Statutory Trust

    Connecticut      100   

ACG Acquisition 30277 LLC

    Delaware      100   

Bellevue Aircraft Leasing Limited

    Ireland      100   

Rainier Aircraft Leasing (Ireland) Limited

    Ireland      100   

ACG Acquisition (Cyprus) Ltd.

    Cyprus      100   

ACG Acquisition (Bermuda) III Ltd.

    Bermuda      100   

ACG 2006-ECA LLC

    Delaware      100   

ACG Acquisition 2692 LLC

    Delaware      100   

ACG ECA-2006 Ireland Limited

    Ireland      100   

ACG Acquisition 2987 LLC

    Delaware      100   

ACG Acquisition Aruba NV

    Aruba      100   

Bellevue Coastal Leasing LLC

    Washington      100   

ACG Capital Partners Ireland Limited

    Ireland      100   

ACG Acquisition 30288 LLC

    Delaware      100   

ACGCP Acquisition 979 LLC

    Delaware      100   

ACG Trust 2009-1 Holding LLC

    Delaware      100   

ACG Funding Trust 2009-1

    Delaware      100   

ACG Acquisition 29677 LLC

    Delaware      100   

ACG Acquisition 4913 LLC

    Delaware      100   

ACG Acquisition 4941 LLC

    Delaware      100   

ACG Acquisition 4942 LLC

    Delaware      100   

ACG Acquisition 4891 LLC

    Delaware      100   

ACG Acquisition 5047 LLC

    Delaware      100   

ACG Acquisition 5048 LLC

    Delaware      100   

ACG Acquisition 5063 LLC

    Delaware      100   

ACG Acquisition 5136 LLC

    Delaware      100   

ACG Acquisition 38105 LLC

    Delaware      100   

ACG Acquisition 38106 LLC

    Delaware      100   

ACG Acquisition 4864 LLC

    Delaware      100   

ACG Acquisition 4883 LLC

    Delaware      100   

ACG Acquisition 5096 LLC

    Delaware      100   

ACG Acquisition 5193 LLC

    Delaware      100   

ACG Acquisition 5278 LLC

    Delaware      100   

ACG Acquisition 5299 LLC

    Delaware      100   

ACG Acquisition 38884 LLC

    Delaware      100   

ACG Acquisition 38885 LLC

    Delaware      100   

ACG Acquisition 39891 LLC

    Delaware      100   

ACG Acquisition 40547 LLC

    Delaware      100   

0168 Statutory Trust

    Connecticut      100   

ACG ECA Ireland Limited

    Ireland      100   

ACG Bermuda Leasing Limited

    Bermuda      100   

ACG Acquisition BR 2012-10A LLC

    Delaware      100   

ACG Acquisition BR 2012-10B LLC

    Delaware      100   

ACG Acquisition BR 2012-11 LLC

    Delaware      100   

ACG Acquisition BR 2013-02 LLC

    Delaware      100   

Pacific Asset Funding, LLC

    Delaware      100   

Pacific Life & Annuity Services, Inc.

    Colorado      100   

Bella Sera Holdings, LLC

    Delaware      100   

Pacific Life Re Holdings LLC

    Delaware      100   

Pacific Life Re Holdings Limited

    U.K.      100   

Pacific Life Re Services Limited

    U.K.      100   

Pacific Life Re Limited

    U.K.      100   

Pacific Alliance Reinsurance Ltd.

    Bermuda      100   

Pacific Life Reinsurance (Barbados) Limited

    Barbados      100   

Pacific Alliance Excess Reinsurance Company

    Vermont      100   

 

#    =    Abbreviated structure

Item 27. Number of Contractholders

 

Pacific Value Edge—Approximately

    3,812    Qualified
   1,308    Non Qualified

Item 28. Indemnification

 

  (a) The Distribution Agreement between Pacific Life Insurance Company, Pacific Life & Annuity Company (collectively referred to as “Pacific Life”) and Pacific Select Distributors, Inc. (PSD) provides substantially as follows:

Pacific Life shall indemnify and hold harmless PSD and PSD’s officers, directors, agents, controlling persons, employees, subsidiaries and affiliates for all attorneys’ fees, litigation expenses, costs, losses, claims, judgments, settlements, fines, penalties, damages, and liabilities incurred as the direct or indirect result of: (i) negligent, dishonest, fraudulent, unlawful, or criminal acts, statements, or omissions by Pacific Life or its employees, agents, officers, or directors; (ii) Pacific Life’s breach of this Agreement; (iii) Pacific Life’s failure to comply with any statute, rule, or regulation; (iv) a claim or dispute between Pacific Life and a Broker/Dealer (including its Representatives) and/or a Contract owner. Pacific Life shall not be required to indemnify or hold harmless PSD for expenses, losses, claims, damages, or liabilities that result from PSD’s misfeasance, bad faith, negligence, willful misconduct or wrongful act.

PSD shall indemnify and hold harmless Pacific Life and Pacific Life’s officers, directors, agents, controlling persons, employees, subsidiaries and affiliates for all attorneys’ fees, litigation expenses, costs, losses, claims, judgments, settlements, fines, penalties, damages and liabilities incurred as the direct or indirect result of: (i) PSD’s breach of this Agreement; and/or (ii) PSD’s failure to comply with any statute, rule, or regulation. PSD shall not be required to indemnify or hold harmless Pacific Life for expenses, losses, claims, damages, or liabilities that have resulted from Pacific Life’s willful misfeasance, bad faith, negligence, willful misconduct or wrongful act.

 

  (b) The Form of Selling Agreement between Pacific Life, Pacific Select Distributors, Inc. (PSD) and Various Broker-Dealers and Agency (Selling Entities) provides substantially as follows:

Pacific Life and PSD agree to indemnify and hold harmless Selling Entities, their officers, directors, agents and employees, against any and all losses, claims, damages, or liabilities to which they may become subject under the Securities Act, the Exchange Act, the Investment Company Act of 1940, or other federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact or any omission or alleged omission to state a material fact required to be stated or necessary to make the statements made not misleading in the registration statement for the Contracts or for the shares of Pacific Select Fund (the “Fund”) filed pursuant to the Securities Act, or any prospectus included as a part thereof, as from time to time amended and supplemented, or in any advertisement or sales literature provided by Pacific Life and PSD.

 

II- 5

Selling Entities agree to, jointly and severally, hold harmless and indemnify Pacific Life and PSD and any of their respective affiliates, employees, officers, agents and directors (collectively, “Indemnified Persons”) against any and all claims, liabilities and expenses (including, without limitation, losses occasioned by any rescission of any Contract pursuant to a “free look” provision or by any return of initial purchase payment in connection with an incomplete application), including, without limitation, reasonable attorneys’ fees and expenses and any loss attributable to the investment experience under a Contract, that any Indemnified Person may incur from liabilities resulting or arising out of or based upon (a) any untrue or alleged untrue statement other than statements contained in the registration statement or prospectus relating to any Contract, (b) (i) any inaccurate or misleading, or allegedly inaccurate or misleading sales material used in connection with any marketing or solicitation relating to any Contract, other than sales material provided preprinted by Pacific Life or PSD, and (ii) any use of any sales material that either has not been specifically approved in writing by Pacific Life or PSD or that, although previously approved in writing by Pacific Life or PSD, has been disapproved, in writing by either of them, for further use, or (c) any act or omission of a Subagent, director, officer or employee of Selling Entities, including, without limitation, any failure of Selling Entities or any Subagent to be registered as required as a broker/dealer under the 1934 Act, or licensed in accordance with the rules of any applicable SRO or insurance regulator.

 

II- 6

Item 29. Principal Underwriters

 

  (a) PSD also acts as principal underwriter for Pacific Select Variable Annuity Separate Account, Separate Account B, Pacific Corinthian Variable Separate Account, Pacific Select Separate Account, Pacific Select Exec Separate Account, COLI Separate Account, COLI II Separate Account, COLI III Separate Account, COLI IV Separate Account, COLI V Separate Account, Separate Account A of Pacific Life & Annuity Company, Pacific Select Exec Separate Account of Pacific Life & Annuity Company, Separate Account I of Pacific Life Insurance Company, Separate Account I of Pacific Life & Annuity Company.

 

  (b) For information regarding PSD, reference is made to Form B-D, SEC File No. 8-15264, which is herein incorporated by reference.

 

  (c) PSD retains no compensation or net discounts or commissions from the Registrant.

Item 30. Location of Accounts and Records

The accounts, books and other documents required to be maintained by Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and the rules under that section will be maintained by Pacific Life at 700 Newport Center Drive, Newport Beach, California 92660.

Item 31. Management Services

Not applicable

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 in this registration statement are never more than 16 months old for so long as payments under the variable annuity contracts may be accepted, unless otherwise permitted.

 

  (b) to include either (1) as a 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 post card or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a Statement of Additional Information, or (3) to deliver a Statement of Additional Information with the Prospectus.

 

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

 

II- 7

Additional Representations

(a) The Registrant and its Depositor are relying upon American Council of Life Insurance, SEC No-Action Letter, SEC Ref. No. 1P-6-88 (November 28, 1988) with respect to annuity contracts offered as funding vehicles for retirement plans meeting the requirements of Section 403(b) of the Internal Revenue Code, and the provisions of paragraphs (1)-(4) of this letter have been complied with.

(b) The Registrant and its Depositor are relying upon Rule 6c-7 of the Investment Company Act of 1940 with respect to annuity contracts offered as funding vehicles to participants in the Texas Optional Retirement Program, and the provisions of Paragraphs (a)-(d) of the Rule have been complied with.

(c) REPRESENTATION PURSUANT TO SECTION 26(f) OF THE INVESTMENT COMPANY ACT OF 1940: Pacific Life Insurance Company and Registrant represent that the fees and charges to be deducted under the Variable Annuity Contract (“Contract”) described in the prospectus contained in this registration statement are, in the aggregate, reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed in connection with the Contract.

 

 

II- 8

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets the requirements of Securities Act Rule 485(a) for effectiveness of this Registration Statement and has caused this Post-Effective Amendment No. 12 to the Registration Statement on Form N-4 to be signed on its behalf by the undersigned thereunto duly authorized in the City of Newport Beach, and the State of California on this 30th day of July, 2012.

 

SEPARATE ACCOUNT A

(Registrant)

By:

   PACIFIC LIFE INSURANCE COMPANY
By:  

 

  James T. Morris*
  Director, Chairman and Chief Executive Officer
By:   PACIFIC LIFE INSURANCE COMPANY (Depositor)
By:  

 

  James T. Morris*
  Director, Chairman and Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, Post-Effective Amendment No. 12 to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated:

 

Signature

   

Title

  

Date

     Director, Chairman and Chief Executive Officer   July 30, 2012

James T. Morris*

     
     Director and President   July 30, 2012

Khanh T. Tran*

     
     Executive Vice President and Chief Financial Officer   July 30, 2012

Adrian S. Griggs*

     
     Director, Senior Vice President and General Counsel   July 30, 2012

Sharon A. Cheever*

     
     Director, Vice President and Secretary   July 30, 2012

Jane M. Guon*

     
     Senior Vice President and Chief Accounting Officer   July 30, 2012

Edward R. Byrd*

     
     Vice President and Controller   July 30, 2012

Brian D. Klemens*

     
     Executive Vice President   July 30, 2012

Dewey P. Bushaw*

     
     Senior Vice President and Treasurer   July 30, 2012

Denis P. Kalscheur*

     

 

*By:   /s/ SHARON A. CHEEVER     July 30, 2012
  Sharon A. Cheever    
  as attorney-in-fact    

(Powers of Attorney are contained in Post-Effective Amendment No. 11 of the Registration Statement filed on Form N-4 for Separate Account A, File No. 333-148865, Accession No. 0000950123-12-006430, filed on April 24, 2012, as Exhibit 13).

 

II- 9