Exhibit 99(8)(L)(i)
Shareholder
Information Agreement
(Under Rule 22c-2(a) (2) of the Investment Company Act
of 1940)
This Agreement
is effective as of the 1st day of October, 2015, by and between Shareholder Services,
Inc. (“SSI”), OppenheimerFunds Distributor, Inc. (“Distributor”) and referred together
with SSI as “Xxxxxxxxxxx”, and MEMBERS Life Insurance Company.
Shareholder Information
1. Agreement to Provide Information.
Intermediary agrees to provide the Fund, upon written request, the taxpayer
identification number (“TIN”), if known, of any or all Shareholder(s) of the account
and the amount, date, name or other identifier of any investment professional(s)
associated with the Shareholder(s) or account (if known), and transaction type (purchase,
redemption, transfer, or exchange) of every purchase, redemption, transfer, or exchange
of Shares held through an account maintained by the Intermediary during the period
covered by the request.
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1.1 |
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Period
Covered by Request. Requests must set forth a specific period, not to exceed
90 days from the date of the request, for which transaction information is sought.
The Fund may request transaction information older than 90 days from the date of
the request as it deems necessary to investigate compliance with policies established
by the Fund for the purpose of eliminating or reducing any dilution of the value
of the outstanding shares issued by the Fund. |
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1.2 |
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Form
and Timing of Response. Intermediary agrees to transmit the requested information
that is on its books and records to the Fund or its designee promptly, but in any
event not later than 5 business days, after receipt of a request. If the requested
information is not on the Intermediary’s books and records, Intermediary agrees
to: (i) provide or arrange to provide to the fund the requested information from
shareholders who hold an account with an indirect intermediary; or (ii) if directed
by the Fund, block further purchases of Fund Shares from such indirect intermediary.
In such instance, Intermediary agrees to inform the Fund whether it plans to perform
(i) or (ii). Responses required by this paragraph must be communicated in writing
and in a format mutually agreed upon by the parties. To the extent practicable,
the format for any transaction information provided to the Fund should be consistent
with the NSCC Standardized Data Reporting Format. For purposes of this provision,
an “indirect intermediary” has the same meaning as in SEC Rule 22c-2 under the Investment
Company Act. |
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1.3 |
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Limitations
on Use of Information. The Fund agrees not to use the information received for
marketing or any other similar purpose without the prior written consent of the
Intermediary. |
2. Agreement
to Restrict Trading. Intermediary agrees to execute written instructions from
the Fund to restrict or prohibit further purchases or exchanges of Shares by a Shareholder
that has been identified by the Fund as having engaged in transactions of the
Fund’s Shares (directly or indirectly
through the Intermediary’s account) that violate policies established by the
Fund for the purpose of eliminating or reducing any dilution of the value of the
outstanding Shares issued by the Fund.
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2.1 |
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Form
of Instructions. Instructions must include the TIN, if known, and the specific
restriction(s) to be executed. If the TIN is not known, the instructions must include
an equivalent identifying number of the Shareholder(s) or account(s) or other agreed
upon information to which the instruction relates. |
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2.2 |
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Timing
of Response. Intermediary agrees to execute instructions as soon as reasonably
practicable, but not later than five business days after receipt of the instructions
by the Intermediary. |
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2.3 |
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Confirmation
by Intermediary. Intermediary must provide written confirmation to the Fund
that instructions have been executed. Intermediary agrees to provide confirmation
as soon as reasonably practicable, but not later than ten business days after the
instructions have been executed. |
3. Definitions.
For purposes of this paragraph:
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3.1 |
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The term
“Fund” includes the fund’s principal underwriter and transfer agent. The term
not does include any “excepted funds” as defined in SEC Rule 22c-2(b) under the
Investment Company Act of 1940. * |
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3.2 |
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The term
“Shares” means the interests of Shareholders corresponding to the redeemable securities
of record issued by the Fund under the Investment Company Act of 1940 that are held
by the Intermediary. |
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3.3 |
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The term
“Shareholder” means the holder of interests in a variable annuity or variable life
insurance contract issued by the Intermediary. |
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3.4 |
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The term
“written” includes electronic writings and facsimile transmissions. |
IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be executed in their names and on
their behalf by and through their duly authorized officers, as of the day and year
first above written.
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SHAREHOLDER
SERVICES, INC. |
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OPPENHEIMERFUNDS
DISTRIBUTOR, INC. |
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Date: |
______________________________________ |
| * As defined
in SEC Rule 22c-2(b), the term “excepted fund” means any: (1) money market fund;
(2) fund that issues securities that are listed on a national exchange; and (3)
fund that affirmatively permits short-term trading of its securities, if its prospectus
clearly and prominently discloses that the fund permits short-term trading of its
securities and that such trading may result in additional costs for the fund. |
