Exhibit 8(f)
April 30, 1999
▇▇. ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Treasurer
▇▇▇▇▇▇▇ Insurance Funds
▇▇▇ ▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
RE: ▇▇▇▇▇▇▇ Insurance Funds -- Multi-Style Equity Fund ("Fund")
Dear ▇▇▇▇:
▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Company ("FRIMCo"), as manager of ▇▇▇▇▇▇▇
Insurance Funds ("RIF"), agrees to waive, until April 30, 2000, a portion of its
0.78% management fee, up to the full amount of that fee, equal to the amount by
which the Fund's total operating expenses exceed 0.92% of the Fund's daily net
assets on an annual basis. ▇▇▇▇▇▇ also agrees to reimburse the Fund for all
remaining expenses, after fee waivers, that exceed 0.92% of average daily net
assets on an annual basis. This agreement, which supersedes any prior voluntary
waiver or reimbursement arrangements, may, at FRIMCo's option, continue after
that date, but may be revised or eliminated at any time thereafter without
notice. If this arrangement is acceptable to you, please sign below to indicate
your acceptance and agreement and return a copy of this letter to me.
Sincerely,
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT
MANAGEMENT COMPANY
By:________________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President
Accepted and Agreed:
▇▇▇▇▇▇▇ INSURANCE FUNDS
By:________________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Treasurer
Exhibit 8(f)
April 30, 1999
▇▇. ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Treasurer
▇▇▇▇▇▇▇ Insurance Funds
▇▇▇ ▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
RE: ▇▇▇▇▇▇▇ Insurance Funds -- Aggressive Equity Fund ("Fund")
Dear ▇▇▇▇:
▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Company ("FRIMCo"), as manager of ▇▇▇▇▇▇▇
Insurance Funds ("RIF"), agrees to waive, until April 30, 2000, a portion of its
0.95% management fee, up to the full amount of that fee, equal to the amount by
which the Fund's total operating expenses exceed 1.25% of the Fund's average
daily net assets on an annual basis. ▇▇▇▇▇▇ also agrees to reimburse the Fund
for all remaining expenses, after fee waivers, that exceed 1.25% of average
daily net assets on an annual basis.. This agreement, which supersedes any
prior voluntary waiver or reimbursement arrangements, may, at FRIMCo's option,
continue after that date, but may be revised or eliminated at any time
thereafter without notice. If this arrangement is acceptable to you, please
sign below to indicate your acceptance and agreement and return a copy of this
letter to me.
Sincerely,
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT
MANAGEMENT COMPANY
By:________________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President
Accepted and Agreed:
▇▇▇▇▇▇▇ INSURANCE FUNDS
By:________________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Treasurer
Exhibit 8(f)
April 30, 1999
▇▇. ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Treasurer
▇▇▇▇▇▇▇ Insurance Funds
▇▇▇ ▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
RE: ▇▇▇▇▇▇▇ Insurance Funds -- Non-U.S. Fund ("Fund")
Dear ▇▇▇▇:
▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Company ("FRIMCo"), as manager of ▇▇▇▇▇▇▇
Insurance Funds ("RIF"), agrees to waive, until April 30, 2000, a portion of its
0.95% management fee, up to the full amount of that fee, equal to the amount by
which the Fund's total operating expenses exceed 1.30% of the Fund's average
daily net assets on an annual basis. ▇▇▇▇▇▇ also agrees to reimburse the Fund
for all remaining expenses, after fee waivers, that exceed 1.30% of average
daily net assets on an annual basis. This agreement, which supersedes any prior
voluntary waiver or reimbursement arrangements, may, at FRIMCo's option,
continue after that date, but may be revised or eliminated at any time
thereafter without notice. If this arrangement is acceptable to you, please
sign below to indicate your acceptance and agreement and return a copy of this
letter to me.
Sincerely,
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT
MANAGEMENT COMPANY
By:________________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President
Accepted and Agreed:
▇▇▇▇▇▇▇ INSURANCE FUNDS
By:________________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Treasurer
Exhibit 8(f)
April 30, 1999
▇▇. ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Treasurer
▇▇▇▇▇▇▇ Insurance Funds
▇▇▇ ▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
RE: ▇▇▇▇▇▇▇ Insurance Funds -- Core Bond Fund ("Fund")
Dear ▇▇▇▇:
▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Company ("FRIMCo"), as manager of ▇▇▇▇▇▇▇
Insurance Funds ("RIF"), agrees to waive, until April 30, 2000, a portion of its
0.60% management fee, up to the full amount of that fee, equal to the amount by
which the Fund's total operating expenses exceed 0.80% of the Fund's average
daily net assets on an annual basis. ▇▇▇▇▇▇ also agrees to reimburse the Fund
for all remaining expenses, after fee waivers, that exceed 0.80% of average
daily net assets on an annual basis. This agreement, which supersedes any prior
voluntary waiver or reimbursement arrangements, may, at FRIMCo's option,
continue after that date, but may be revised or eliminated at any time
thereafter without notice. If this arrangement is acceptable to you, please
sign below to indicate your acceptance and agreement and return a copy of this
letter to me.
Sincerely,
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT
MANAGEMENT COMPANY
By:________________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President
Accepted and Agreed:
▇▇▇▇▇▇▇ INSURANCE FUNDS
By:________________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Treasurer
Exhibit 8(f)
April 30, 1999
▇▇. ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Treasurer
▇▇▇▇▇▇▇ Insurance Funds
▇▇▇ ▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
RE: ▇▇▇▇▇▇▇ Insurance Funds -- Real Estate Securities Fund ("Fund")
Dear ▇▇▇▇:
▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Company ("FRIMCo"), as manager of ▇▇▇▇▇▇▇
Insurance Funds ("RIF"), agrees to waive, until April 30, 2000, a portion of its
management fee, up to the full amount of that fee, equal to the amount by which
the Fund's total operating expenses exceed 1.15% of the Fund's average daily net
assets on an annual basis. ▇▇▇▇▇▇ also agrees to reimburse the Fund for all
remaining expenses, after fee waivers, that exceed 1.15% of average daily net
assets on an annual basis. This agreement, which supersedes any prior voluntary
waiver or reimbursement arrangements, may, at FRIMCo's option, continue after
that date, but may be revised or eliminated at any time thereafter without
notice. If this arrangement is acceptable to you, please sign below to indicate
your acceptance and agreement and return a copy of this letter to me.
Sincerely,
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT
MANAGEMENT COMPANY
By:________________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President
Accepted and Agreed:
▇▇▇▇▇▇▇ INSURANCE FUNDS
By:________________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Treasurer
