Exhibit 6b
DEALER AGREEMENT
FBL INVESTMENT ADVISORY SERVICES, INC.
0000 Xxxxxxxxxx Xxxxxx
Xxxx Xxx Xxxxxx, XX 00000
Gentlemen:
As distributor and principal underwriter , we invite you to become a member
of the group of securities dealers (the "Selling Group") authorized to solicit
applications to purchase shares ("Applications") of the Money Market Portfolio,
Growth Common Stock Portfolio, Aggressive Growth Common Stock Portfolio, High
Quality Bond Portfolio, High Yield Bond Portfolio, Xxxxxx Xxx Portfolio, Blue
Chip Index Portfolio and Managed Portfolio (sometimes referred to collectively
as the "Portfolios" and individually as the "Portfolio") of FBL Series Fund,
Inc. (the "Fund") and to service shareholder accounts as hereinafter described
but only in those states in which the shares of the respective Funds may legally
be offered for sale and only on the following terms:
A. SOLICITATION OF APPLICATIONS
1. Applications received from you and accepted by the appropriate Fund
will be at the public offering price determined in the manner described in the
then current prospectus of such Fund notwithstanding anything to the contrary in
this Agreement. The public offering price for the purchase of the shares of a
Fund is its net asset value per share.
2. The procedure relating to the handling of applications shall be subject
to instructions which we shall forward from time to time to all members of the
Selling Group. All applications are subject to acceptance by us and the Funds
at our West Des Moines, Iowa offices and we and the Funds reserve the right, in
our and their sole discretion, to reject any application.
3. As a member of the Selling Group, you agree:
(a) To purchase shares only from us or from your customers (other
than a securities broker or dealer).
(b) That you will purchase shares from us only to cover purchase
orders already received from your customers, or for your own bona fide
investment.
(c) That you will not purchase shares from your customers at a price
lower than the bid price then quoted by or for such Fund. You may,
however, sell shares for the account of your customer to the Fund, or
to us as agent for such Fund, at the bid price currently quoted by or
for such Fund.
(d) That you will not withhold placing with us orders received from
your customers so as to profit yourself as a result of such
withholding.
4. You agree that you will promptly forward all customers' applications
to us. The Funds will not accept conditional applications.
5. You agree that the Fund's share price applicable to applications will
be such Fund's public offering price next determined after receipt of the
application and payment at the office of such Fund in West Des Moines, Iowa in
accordance with the then current prospectus of such Fund.
6. Payments for Fund shares purchased must be made at or prior to
acceptance of the application at the Fund's office in West Des Moines, Iowa, as
contemplated by the application forms furnished by us. Delivery of shares will
be made by credit to shareholder accounts or, if requested in writing, by
delivery of certificates.
7. Applications are subject to acceptance by us and the Funds. The Funds
reserve the right in their discretion, without notice to you, to suspend sales
or withdraw the offering of shares entirely.
8. No person is authorized to make any representations concerning any
Fund or its shares except those contained in such Fund's then current prospectus
and any such information as may be authorized by us or such Fund for use as
information supplemental to such prospectus. In soliciting applications for
shares of a Fund, you shall rely solely on the representations contained in such
Fund's then current prospectus and the supplemental information above mentioned.
9. Additional copies of any prospectus or statement of additional
information and any printed information designed as supplemental to such
prospectus will be supplied by us to members of the Selling Group in reasonable
quantities upon request.
10. Your acceptance of this agreement constitutes a representation that
you are (i) a registered security dealer and a member in good standing of the
National Association of Securities Dealers, Inc. and agree to comply with all
applicable state and federal laws and rules and regulations applicable to
transactions hereunder and to the rules of Fair Practice of the National
Association of Securities Dealers, Inc., including specifically Section 26,
Article III thereof. You likewise agree that you will not offer or sell shares
of any Fund in any state or other jurisdiction in which they may not lawfully be
offered for sale.
B. SHAREHOLDER SERVICES
1. You shall provide services to existing and prospective shareholders of
the Funds, including, without limitation, assistance in the establishment and
maintenance of shareholder accounts and records, forwarding purchase and
redemption requests, answering routine client inquiries regarding the Fund,
assistance to clients in changing dividend options, account designations and
addresses, assisting shareholders with tax information and such other services
as we may reasonably request.
2. You shall also prepare such quarterly reports for us as shall
reasonably be required by us.
C. COMPENSATION
1. Your acceptance of this agreement constitutes your agreement to become
a member of the Selling Group and to render the services, and to assume the
obligations, set forth herein for the compensation herein provided. You shall
for all purposes herein provided be deemed to be an independent contractor and
shall have no authority to act for or represent the Funds or us in any way or
otherwise be deemed an agent of the Funds or us, except as expressly provided
above.
2. For the services described herein, we will compensate you for sales of
Fund shares at a commission rate of up to 4% and pay a fee to you after the end
of each month at the annual rate of 0.15 of 1% of the average aggregate net
asset value of the shares of those accounts in the Funds for which you provide
services at a level deemed by us to be satisfactory. For the month and year in
which this Agreement becomes effective or terminates, there shall be an
appropriate proration on the basis of the number of days that the Agreement is
in effect during the month and year, respectively.
D. GENERAL TERMS
1. This Agreement shall be in substitution of all prior agreements
between us regarding the shares of any Fund.
2. This Agreement shall become effective on the date hereof and shall
continue in effect until terminated. This Agreement shall automatically
terminate in the event of its assignment and shall terminate with respect to a
Fund upon any termination of that Fund's Distribution and Shareholder Servicing
Plan and Agreement (the "Plan"). It may be terminated by you on thirty (30)
days' written notice. It may also be terminated with respect to a Fund at any
time, without payment of any penalty, by vote of a majority of the members of
the Board of Directors of such Fund who are not interested persons of the Fund
and have no direct or indirect financial interest in the operation of the Plan
or in any agreement related to the Plan or by a vote of a majority (as defined
in the Investment Company Act of 1940) of the Fund's outstanding shares on
thirty (30) days' written notice. We reserve the right, in our discretion,
without notice, to modify, cancel or assign this agreement, which shall be
construed in accordance with the laws of the State of Iowa.
3. You acknowledge that we may enter into similar agreements with others
without your consent.
4. If any provision of this Agreement shall be held or made invalid by a
court decision, statue, rule or otherwise, the remainder shall not be affected
thereby.
5. All communications to us shall be sent to FBL Investment Advisory
Services, Inc., 0000 Xxxxxxxxxx Xxxxxx, Xxxx Xxx Xxxxxx, Xxxx, 00000. Any
notice to you shall be duly given if mailed or telegraphed to you at your
address as registered from time to time with the National Association of
Securities Dealers, Inc. This agreement in its entirety is applicable to sales
coming from, and only from, the state or states listed on the attached Schedule
A as from time to time amended by notice to you. Schedule A is by this
reference made a part of this agreement.
FBL INVESTMENT ADVISORY SERVICES, INC.
Dated: By:
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Variable Products Vice President
The undersigned accepts your invitation to become a member of the Selling
Group and agrees to abide by the foregoing terms and conditions.
Dated: By:
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SCHEDULE A
to
DEALER AGREEMENT
Arizona
Colorado
Idaho
Illinois
Iowa
Kansas
Minnesota
Montana
Nebraska
New Mexico
North Dakota
Oklahoma
South Dakota
Utah
Wisconsin
Wyoming
