12B-1 PLAN IMPLEMENTING AGREEMENT
Columbia Funds Insurance Trust, a Massachusetts business trust (the Trust),
and Columbia Funds Distributor, Inc., (CFDI) a Massachusetts corporation, agree,
effective May 1, 2006:
1. 12B-1 PLAN. The Trust, on behalf of its Funds, has adopted a so-called
"Rule 12b-1 Plan" (the "Plan") pursuant to Rule 12b-1 (the "Rule") under the
Investment Company Act of 1940 (the "Act").
This Agreement shall apply to each Fund named in Appendix 1 as that
Appendix may be amended from time to time by the parties, in writing.
2. PAYMENTS, EXPENDITURES AND REPORTS.
A. Each Fund shall pay CFDI the amount then due CFDI under a Plan on
the 20th day of each month, or, if such day is not a business day, the next
business day thereafter, during the term of this Agreement.
B. CFDI shall expend the amounts paid to it by the Funds under a Plan
in its discretion, so long as such expenditures are consistent with the Rule,
the Plan, and any instructions CFDI may receive from the Trustees of the Trust.
C. CFDI shall make all reports required under the Act, the Rule or a
Plan to the Trustees of the Trusts, as provided in the Act, the Rule and any
Plan or as requested by the Trustees. If a participating insurance company (as
defined in the Plan) is an "affiliate" of CFDI (as that term is defined in the
Act), CFDI shall obtain comparable information from that participating company
and provide such information to the Trustees.
3. CONTINUATION; AMENDMENT; TERMINATION; NOTICE.
A. This Agreement (i) supersedes and replaces any contract or
agreement relating to the subject matter hereof in effect prior to the date
hereof, (ii) shall continue in effect as to the Trust or any Fund only so long
as specifically approved at least annually by the Trustees or shareholders of
the Trust or Fund and (iii) may be amended at any time by written agreement of
the parties, each in accordance with the Act and the Rule.
B. This Agreement (i) shall terminate immediately upon the effective
date of any later dated agreement relating to the subject matter hereof, and
(ii) may be terminated upon 60 days' notice without penalty by a vote of the
Trustees or by CFDI or otherwise in accordance with the Act, and (iii) will
terminate immediately in the event of its assignment (as defined in the Act).
Upon termination the obligations of the parties under this Agreement shall cease
except for unfulfilled obligations and liabilities arising prior to termination.
C. All notices required under this Agreement shall be in writing and
delivered to the office of the other party.
4. AGREEMENT AND DECLARATION OF TRUST. A copy of the document establishing
the Trust is filed with the Secretary of The Commonwealth of Massachusetts. As
to the Trust this Agreement is executed by officers not as individuals and is
not binding upon any of the Trustees, officers or shareholders of the Trust
individually but only upon the assets of the relevant Fund.
Agreed:
COLUMBIA FUNDS VARIABLE INSURANCE TRUST
By:
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Name:
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Title:
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COLUMBIA FUNDS DISTRIBUTOR, INC.
By:
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Name:
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Title:
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APPENDIX 1
AS OF MAY 1, 2005
Columbia Funds Variable Insurance Trust
Class B Shares of the following series:
Liberty Small Company Growth Fund, Variable Series
Columbia Large Cap Growth Fund, Variable Series
Liberty Asset Allocation Fund, Variable Series
Liberty Federal Securities Fund, Variable Series
Liberty Money Market Fund, Variable Series
Colonial Small Cap Value Fund, Variable Series
Colonial Strategic Income Fund, Variable Series
Columbia International Fund, Variable Series
Liberty Growth & Income Fund, Variable Series
Liberty S&P 500 Index Fund, Variable Series
Liberty Select Value Fund, Variable Series
