John Hancock Life Insurance Co. of New York Separate Account B
10/17/2024 | Press release | Distributed by Public on 10/17/2024 12:21
Post Effective Amendment to Registration Statement by Investment Company Form 485BPOS
JOHN HANCOCK LIFE INSURANCE CO OF NEW YORK SEPARATE ACCOUNT B
As filed with the U.S. Securities and Exchange Commission on October 17, 2024
Registration No. 333-132905
Registration No. 333-132905
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Washington, D.C. 20549
FORM N-6
SEC File No 811-8329
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
POST EFFECTIVE AMENDMENT NO. 20 [X]
POST EFFECTIVE AMENDMENT NO. 20 [X]
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
AMENDMENT NO. 123 [X]
AMENDMENT NO. 123 [X]
John Hancock Life Insurance Company of New York Separate Account B
(Exact Name of Registrant)
John Hancock Life Insurance Company of New York
(Name of Depositor)
100 Summit Lake Drive
Valhalla, NY 10595
Valhalla, NY 10595
(Complete address of depositor's principal executive offices)
Depositor's Telephone Number: 617-572-6000
MICHAEL A. RAMIREZ
John Hancock Life Insurance Company of New York
U.S. INSURANCE LAW
197 CLARENDON ST.
BOSTON, MA 02116
John Hancock Life Insurance Company of New York
U.S. INSURANCE LAW
197 CLARENDON ST.
BOSTON, MA 02116
(Name and complete address of agent for service)
Approximate Date of Proposed Public Offering: As soon as practicable after effectiveness of this amendment.
It is proposed that this filing will become effective (check appropriate box):
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[X]
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immediately upon filing pursuant to paragraph (b)
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on _______, pursuant to paragraph (b)
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[ ]
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60 days after filing pursuant to paragraph (a)(1)
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on ______ pursuant to paragraph (a)(1) of Rule 485 under the Securities Act.
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If appropriate check the following box
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this post-effective amendment designates a new effective date for a previously filed post-effective amendment.
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JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)
SEPARATE ACCOUNT A
VARIABLE LIFE ACCOUNT UV
VARIABLE LIFE ACCOUNT S
JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK
SEPARATE ACCOUNT B
Supplement dated October 17, 2024 to the Statutory Prospectuses, Updating Summary Prospectuses, and Initial Summary
Prospectuses (as applicable), dated April 29, 2024
Availability of New Variable Investment Option
This Supplement is intended for distribution with the Statutory Prospectuses, Updating Summary Prospectuses, and Initial Summary Prospectuses, as applicable, (each a "prospectus") dated April 29, 2024 for variable life insurance contracts issued by John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, as applicable. The affected prospectuses belong to the following policies:
| Majestic Performance Variable Universal Life (A) | 333-131299 | |
| Majestic Survivorship VULX (A) | 333-148991 | |
| Majestic VULX (A) | 333-151630 | |
| Majestic VCOLIX (A) | 333-153252 | |
| Majestic Accumulation Variable Universal Life 2019 (A) | 333-233648 | |
| Majestic Survivorship Variable Universal Life 2020 (A) | 333-236447 | |
| Majestic Accumulation Variable Universal Life 2021 (A) | 333-254211 | |
| Majestic Performance Variable Universal Life (B) | 333-132905 | |
| Majestic Survivorship VULX (B) | 333-148992 | |
| Majestic VULX (B) | 333-151631 | |
| Majestic VCOLIX (B) | 333-153253 | |
| Majestic Accumulation Variable Universal Life 2019 (B) | 333-235397 | |
| Majestic Variable Universal Life (S) | 333-164151 | |
| Majestic Variable Universal Life 98 (S) | 333-164151 | |
| Variable Master Plan Plus (S) | 333-164152 | |
| Majestic Variable COLI (S) | 333-164153 | |
| Majestic Variable Estate Protection (S) | 333-164156 | |
| Majestic Variable Estate Protection 98 (S) | 333-164156 | |
| Majestic Performance Survivorship Variable Universal Life (S) | 333-164154 | |
| Majestic Performance Survivorship Variable Universal Life (UV) | 333-164164 | |
| Majestic Variable Universal Life 98 (UV) | 333-164163 | |
| Majestic Variable Estate Protection 98 (UV) | 333-164165 | |
| Majestic Variable COLI (UV) | 333-164169 |
Effective on or about October 28, 2024, the Bain Capital Equity Opportunities Fund will be added as a portfolio available as an investment option under your policy.
More information about the portfolio is available in the prospectus for the portfolio, which may be amended from time to time. You can obtain a prospectus for the portfolio in the same manner as stated in the prospectus for your policy.
The current expenses and performance information below reflects fees and expenses of the portfolio, but do not reflect the other fees and expenses that your policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each portfolio's past performance is not necessarily an indication of future performance.
Effective on the date of the portfolio addition, the below changes will apply to your prospectus:
The APPENDIX: PORTFOLIOS AVAIALBLE UNDER THE POLICY is amended to include the following:
| Investment Objective | Portfolio and Adviser/Subadviser |
Current Expenses |
Average Annual Total Returns (as of 12/31/23) (%) |
|||||||||||||||
| 1-Year | 5-Year | 10-Year | ||||||||||||||||
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To seek to provide capital appreciation over a multi-year market cycle, generally at least 3-5 years. |
Bain Capital Equity Opportunities Fund - Class 2 Bain Capital Public Equity, LP |
1.60 | %* | N/A | ** | N/A | ** | N/A | ** |
| * |
This portfolio's annual expenses reflect temporary fee or expense waivers or reimbursements. |
| ** |
There is no available performance information about this portfolio. |
The minimum and maximum annual variable investment account fee table in the IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY is deleted and replaced with the following:
| Annual Fee | Minimum | Maximum | ||||||
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Variable investment accounts (portfolio fees and expenses) |
0.39 | % | 1.70 | % |
The Annual Portfolio Expenses table in the FEE TABLE section is deleted and replaced with the following:
| Annual Portfolio Expenses | Minimum | Maximum | ||||||
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Range of expenses that are deducted from portfolio assets, including management fees, distribution and/or service (12b-1) fees, and other expenses |
0.39 | % | 1.70 | % |
You should read this supplement together with the prospectus for the contract you purchased and retain both documents for future reference.
Prior to making any investment decisions, you should carefully review your product prospectus and all applicable supplements. In addition, you should review the prospectuses and applicable supplements for the underlying
portfolios that we make available as investment options under the policies. The prospectuses describe the investment objectives, policies and restrictions of, and the risks relating to, investment in the portfolios. In the case of any of the portfolios that are operated as feeder funds, you should also review the prospectus for the corresponding master fund. If you need to obtain additional copies of any of these documents, please contact your representative or contact our Service Office at the address or telephone number on the back page of your product prospectus.
VLI ProdSupp VL 10/2024
Prospectus
The prospectus for the policy dated April 29, 2024, as supplemented, is incorporated herein by reference to Post-Effective Amendment No. 19, File No. 333-132905, filed with the Commission on April 19, 2024 (Accession No. 0001193125-24-102603).
SAI
The Statement of Additional Information ("SAI") for the policy dated April 29, 2024, as supplemented, is incorporated herein by reference to Post-Effective Amendment No. 19, File No. 333-132905, filed with the Commission on April 19, 2024 (Accession No. 0001193125-24-102603).
PART C
OTHER INFORMATION
OTHER INFORMATION
Item 30. Exhibits
The following exhibits are filed as part of this Registration Statement:
(a) Resolution of Board of Directors establishing Separate Account B is incorporated by reference to post-effective amendment number 1, file number 333-157213, filed with the Commission in April 29, 2010.
(b) Not applicable.
(c) (1) Underwriting and Distribution Agreement between John Hancock Life Insurance Company of New York and John Hancock Distributors LLC dated December 1, 2009, incorporated by reference to pre-effective amendment number 1 file number 333-157213, filed with the Commission in April 29, 2010.
(2)(a) Specimen General Agent and Broker-Dealer Selling Agreement by and among John Hancock Life Insurance Company (U.S.A.) and John Hancock Distributors LLC effective August, 2009, incorporated by reference to pre-effective amendment number 2, file number 333-157212, filed with the Commission on April 26, 2011.
(b) List of third party broker-dealer firms included as Attachment A, incorporated by reference to Post-Effective Amendment No. 19, File No. 333-132905, filed with the Commission on April 19, 2024.
(d)(1) Form of Specimen Flexible Premium Variable Universal Life Insurance Policy, incorporated by reference to pre-effective amendment number 1, file number 333-132905, filed with the Commission on June 13, 2006.
Form of Policy Endorsement dated 2009, incorporated by reference to post-effective amendment number 4, file number 333-132905, filed with the Commission in April 2010.
(2) Form of Specimen Enhanced Surrender Value Rider, incorporated by reference to pre-effective amendment number 1, file number 333-132905, filed with the Commission on June 13, 2006.
(3) Form of Specimen Return of Premium Death Benefit Rider, incorporated by reference to pre-effective amendment number 1, file number 333-132905, filed with the Commission on June 13, 2006.
(4) Form of Specimen Enhanced Yield Fixed Account Rider, incorporated by reference to pre-effective amendment number 1, file number 333-132905, filed with the Commission on June 13, 2006.
(5) Form of Specimen Endorsement Allocations and Transfers, incorporated by reference to pre-effective amendment number 1, file number 333-132905, filed with the Commission on June 13, 2006.
(6) Form of Specimen Extended No-Lapse Guarantee Rider, incorporated by reference to post-effective amendment number 1, file number 333-132905, filed with the Commission on April 30, 2007.
(7) Form of Specimen Acceleration of Life Insurance Death Benefit for Qualified Long Term Care Services Rider, incorporated by reference to post-effective amendment number 1, file number 333-132905, filed with the Commission on April 30, 2007.
(8) Form of Specimen Change of Life Insured Rider, incorporated by reference to post-effective amendment number 1, file number 333-132905, filed with the Commission on April 30, 2007.
(9) Form of Specimen Accelerated Death Benefit Rider, incorporated by reference to post-effective amendment number 1, file number 333-132905, filed with the Commission on April 30, 2007.
(e) Specimen Application for a Flexible Premium Variable Universal Life Insurance Policy, incorporated by reference to post-effective amendment number 1, file number 333-132905, filed with the Commission on April 30, 2007.
(f) (1) Declaration of Intention and Charter of First North American Life Assurance Company dated January 30, 1992, incorporated by reference to post-effective amendment number 7, file number 33-46217, filed with the Commission on February 25, 1998.
(c) Certificate of Amendment of the Declaration of Intention and Charter of The Manufacturers Life Insurance Company of New York dated January 1, 2005, incorporated by reference to pre-effective amendment number 1, file number 333-127543, filed with the Commission on November 16, 2005.
(d) Certificate of Amendment of the Declaration of Intention and Charter of John Hancock Life Insurance Company of New York dated July 26, 2006, incorporated by reference to post-effective amendment number 1, file number 333-131134, filed with the Commission in April 30, 2007.
(e) Certificate of Amendment of the Declaration of Intention and Charter approved on August 20, 1997, incorporated by reference to post-effective amendment number 2, file number 333-157213, filed with the Commission on April 27, 2011.
(f) Certificate of Amendment of the Declaration of Intention and Charter approved on August 28, 2002, incorporated by reference to post-effective amendment number 2, file number 333-157213, filed with the Commission on April 27, 2011.
(g) Certificate of Amendment of the Declaration of Intention and Charter approved on November 20, 2009, incorporated by reference to post-effective amendment number 2, file number 333-157213, filed with the Commission on April 27, 2011.
(2) By-laws of the John Hancock Life Insurance Company of New York (formerly, The Manufacturers Life Insurance Company of New York), incorporated by reference to Exhibit (6)(B) to post-effective amendment No. 7 file number 33-46217 filed with the Commission on February 25, 1998 on behalf of The Manufacturers Life Insurance Company of New York Separate Account A.
(a) Amendment to the By-Laws and Charter of John Hancock Life Insurance Company of New York dated November 17, 2005, incorporated by reference to post-effective amendment number 1 file number 333-131134 filed with the Commission in April, 2007.
(b) Amended and Restated By-Laws of John Hancock Life Insurance Company of New York dated December 14, 2010, incorporated by reference to post-effective amendment number 2, file number 333-157213, filed with the Commission on April 27, 2011.
(g) The Depositor maintains reinsurance arrangements in the normal course of business, none of which are material.
(h) (1) Participation Agreement among The Manufacturers Life Insurance Company (U.S.A.), The Manufacturers Insurance Company of New York, PIMCO Variable Insurance Trust and PIMCO Advisors Distributors LLC dated April 30, 2004, incorporated by reference to pre-effective amendment number 1, file number 333-126668, filed with the Commission on October 12, 2005.
(2) Participation Agreement among John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company of New York, and John Hancock Trust dated April 20, 2005, incorporated by reference to pre-effective amendment number 1, file number 333-126668, filed with the Commission on October 12, 2005.
(3) Participation Agreement among John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company of New York, and M Financial Investment Advisers, Inc. dated November 13, 2009, incorporated by reference to file number 333-164150, filed with the Commission on January 4, 2010.
(4) Shareholder Information Agreement between John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company of New York, John Hancock Life Insurance Company, John Hancock Variable Life Insurance, and John Hancock Trust portfolios (except American Funds Insurance Series) dated April 16, 2007, incorporated by reference to post-effective amendment number 9, file number 333-85284, filed with the Commission in April, 2007.
(5) Shareholder Information Agreement between John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company of New York, John Hancock Life Insurance Company, John Hancock Variable Life Insurance, and John Hancock Trust on behalf of series of the Trust that are feeder funds of the American Funds Insurance Series dated April 16, 2007, incorporated by reference to post-effective amendment number 9, file number 333-85284, filed with the Commission in April, 2007.
(6) Participation Agreement between Northern Lights Variable Trust and John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, incorporated by reference to post-effective amendment number 16, file number 333-132905, filed with the Commission on April 23, 2021.
(7) Administrative and Distribution Services Agreement between Northern Lights Variable Trust and John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, filed herewith.
(i) (1) Administrative Services Agreement between John Hancock Life Insurance Company (U.S.A.) (formerly, The Manufacturers Life Insurance Company (U.S.A.)) and John Hancock Life Insurance Company of New York (formerly, The Manufacturers Life Insurance Company of New York) dated January 1, 2001, incorporated by reference to post-effective amendment number 1, file number 333-131134, filed with the Commission in April, 2007.
(a) Amendment No. 1 to Administrative Services Agreement between John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York effective May 1, 2005, incorporated by reference to post-effective amendment number 1, file number 333-131134, filed with the Commission in April, 2007.
(2) Investment Services Agreement between John Hancock Life Insurance Company of New York (formerly, The Manufacturers Life Insurance Company of New York) and The Manufacturers Life Insurance Company dated October 1, 1997, incorporated by reference to post-effective amendment number 1, file number 333-131134, filed with the Commission in April, 2007.
(a) Amendment No. 1 to Investment Services Agreement between John Hancock Life Insurance Company of New York (formerly, The Manufacturers Life Insurance Company of New York) and The Manufacturers Life Insurance Company dated August 31, 2000, incorporated by reference to post-effective amendment number 1, file number 333-131134, filed with the Commission in April, 2007.
(j) Not Applicable.
(k) Opinion and consent of Gretchen H. Swanz, Secretary and Counsel dated April 9, 2001, incorporated by reference to pre-effective amendment number 1, file number 333-33504, filed with the Commission on May 3, 2001.
(l) Not Applicable.
(m) Not Applicable.
(n) Consent of Independent Registered Public Accounting Firm, filed herewith.
(n)(1) Opinion of Counsel as to the eligibility of this post-effective amendment to be filed pursuant to Rule 485(b), filed herewith.
(o) Not Applicable.
(p) Not Applicable.
(q) Memorandum Regarding Issuance, Face Amount Increase, Redemption and Transfer Procedures for the Policies, incorporated by reference to pre-effective amendment number 1, file number, 333-33504 filed with the Commission on May 3, 2001.
(r) Not Applicable.
Powers of Attorney
(i) Powers of Attorney for Emanuel Alves, Paul M. Connolly, Nora Newton Crouch, Thomas Edward Hampton, J. Stephanie Nam, Ken Ross, Rex Schlaybaugh, Jr., Colin Simpson, Brooks Tingle, Simonetta Vendittelli, Shamus Weiland, and Henry H. Wong, incorporated by reference to Post-Effective Amendment No. 3, File No. 333-254210, filed with the Commission on April 21, 2023.
(ii) Power of Attorney for Simonetta Vendittelli, incorporated by reference to Post-Effective Amendment No. 4, File No. 333-254210, filed with the Commission on August 31, 2023.
(iii) Powers of Attorney for Eileen Cloherty, Nora N. Crouch, Aimee DeCamillo, Dara Gough, Thomas E. Hampton, J. Stephanie Nam, Ken Ross, Alex Silva, Brooks Tingle, Shamus Weiland, and Henry H. Wong, filed herewith.
Item 31. Directors and Officers of the Depositor
OFFICERS AND DIRECTORS OF JOHN HANCOCK LIFE INSURANCE COMPANY of NEW YORK
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Name and Principal Business Address
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Position with Depositor
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Brooks Tingle
200 Berkeley Street
Boston, MA 02116
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Chair, Director, President & Chief Executive Officer
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Nora N. Crouch
804 Pepper Avenue
Richmond, VA 23226
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Director
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Aimee DeCamillo
200 Berkeley St.
Boston, MA 02116
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Director, Executive Vice President, & Global Head of
Retirement
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Dara Gough
200 Berkeley St.
Boston, MA 02116
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Director, Vice President
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Thomas E. Hampton
5207 2nd Street NW
Washington, DC 20011
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Director
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J. Stephanie Nam
129 State Street
Portsmouth, NH 03801
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Director
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Ken Ross
200 Berkeley St.
Boston, MA 02116
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Director, Vice President
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Shamus Weiland
200 Bloor Street
E. Toronto, ON M4W 1E5
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Director
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Henry H. Wong
200 Berkeley Street
Boston, MA 02116
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Director, Vice President, & Chief Investment Officer
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Executive Vice Presidents
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Andrew G. Arnott**
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Global Head of Retail, GWAM
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Christopher Paul Conkey**
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Global Head of Public Markets
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Senior Vice Presidents
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John Addeo**
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Global Fixed Income Chief Investment Officer
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John C.S. Anderson**
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Global Head of Corporate Finance
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Kevin J. Cloherty**
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Deputy General Counsel, Global Markets
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Mike Dallas**
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Global Head of Employee Experience
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Michael F Dommermuth***
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Head of Wealth & Asset Management
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Kristie Feinberg*
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Head of MIM US and Europe
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Maryscott Greenwood**
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Global Head of Regulatory & Public Affairs
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Len van Greuning*
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Chief Information Officer MIM
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Anne Hammer*
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Global Chief Communications Officer
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John B Maynard**
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Deputy General Counsel, Legacy, Reinsurance & Tax
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Steven E. Medina**
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Global Equity Chief Investment Officer
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Joelle Metzman**
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GWAM Chief Risk Officer
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Sinead O'Connor*
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Head of Actuarial Policy
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Wayne Park*
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Head of US Retirement
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Gerald Peterson**
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Global Head of Operations, GWAM
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Nicole Rafferty***
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Global Head of Contact Centers
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Susan Roberts*
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Head of LTC Customer Care Transformation
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Ian Roke**
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Global Head of Asset & Liability Management
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Name and Principal Business Address
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Position with Depositor
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Thomas Samoluk**
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US General Counsel and US Government Relations
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Anthony Teta*
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US Head of Inforce Management
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Nathan Thooft**
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Global MAST Chief Investment Officer
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Anne Valentine-Andrews***
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Global Head of Private Markets
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Blake Witherington**
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US Chief Credit Officer
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Vice Presidents
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Lynda Abend*
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Mark Akerson*
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Kenneth D'Amato**
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Jay Aronowitz**
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Kevin Askew**
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William Auger*
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Jack Barry*
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P.J. Beltramini*
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Zahir Bhanji***
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Jon Bourgault**
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Paul Boyne**
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Ian B. Brodie**
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Ted Bruntrager*
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Chief Compliance Officer & Chief Risk Officer
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Grant Buchanan***
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Ginger Burns**
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Brendan Campbell*
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Yan Rong Cao*
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Rick A. Carlson**
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Patricia Rosch Carrington**
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Alex Catterick****
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Ken K. Cha*
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Diana Chan***
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Head of Treasury Operations
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Christopher M. Chapman**
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Sheila Chernicki*
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Eileen Cloherty*
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Chief Accounting Officer and Controller
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Maggie Coleman***
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Catherine Z. Collins**
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Meredith Comtois*
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Thomas D. Crohan**
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Susan Curry**
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Kenneth Dai***
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Treasury
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Michelle M. Dauphinais*
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Frederick D Deminico**
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Susan P Dikramanjian**
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William D Droege**
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Jeffrey Duckworth**
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Marc Feliciano**
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Katie M. Firth**
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Carolyn Flanagan**
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Lauren Marx Fleming**
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Philip J. Fontana**
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Laura Foster***
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Matthew Gabriel*
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Paul Gallagher**
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Melissa Gamble**
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Scott B. Garfield**
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Jeffrey N. Given**
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Thomas C. Goggins**
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Howard C. Greene**
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Erik Gustafson**
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Neal Halder*
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Jeffrey Hammer***
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Name and Principal Business Address
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Position with Depositor
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Lindsay L. Hanson*
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Richard Harris***
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Appointed Actuary
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Jessica Harrison***
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John Hatch*
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Chief Operations Officer - US Segment
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Justin Helferich***
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Michael Hession*
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Philip Huvos*
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Sesh Iyengar**
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Tasneem Kanji**
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Geoffrey Grant Kelley**
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Recep C. Kendircioglu**
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Neal P. Kerins*
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Michael P King***
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Heidi Knapp**
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Hung Ko***
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Robert Krempus***
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Diane R. Landers**
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Michael Landolfi**
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Tracy Lannigan**
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Corporate Secretary
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Jessica Lee***
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Scott Lively**
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David Loh***
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Jeffrey H. Long**
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Jennifer Lundmark*
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Edward P. Macdonald**
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Patrick MacDonnell**
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Shawn McCarthy**
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Andrew J. McFetridge**
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Jonathan McGee**
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Katie L. McKay**
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Eric S. Menzer**
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Stella Mink***
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Michelle Morey*
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Scott Morin*
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Catherine Murphy*
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Deputy Appointed Actuary
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Richard Myrus**
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Lisa Natalicchio*
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Jeffrey H. Nataupsky**
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Scott Navin**
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Jeffrey Packard**
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Pragya Pandit*
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Onay Payne***
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Gary M. Pelletier**
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David Pemstein**
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Jessica Portelance***
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Jason M. Pratt**
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Ed Rapp**
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Todd Renneker**
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Chet Ritchie*
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Emily Roland**
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Josephine M. Rollka*
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Barbara H. Rosen-Campbell**
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Caryn Rothman**
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Devon Russell*
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Paul Sanabria**
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Emory W. Sanders*
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Jeffrey R. Santerre**
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Marcia Schow**
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Name and Principal Business Address
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Position with Depositor
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Christopher L. Sechler**
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Garima Vijay Sharma***
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Estelle Shaw-Latimer***
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Thomas Shea**
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Lisa Shepard**
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Alex Silva*
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Chief Financial Officer
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Susan Simi**
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Darren Smith**
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Jayanthi Srinivasan***
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Brittany Straughn*
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Katherine Sullivan**
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Trevor Swanberg**
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Robert E. Sykes, Jr.**
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Wilfred Talbot*
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Gary Tankersley*
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Head of US Retirement Distribution
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Michelle Taylor-Jones*
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Brian E. Torrisi**
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Gina Goldych Walters**
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Adam Weigold**
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|
Jonathan T. White**
|
|
|
Bryan Wilhelm*
|
|
|
Karin Wilsey**
|
|
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Adam Wise**
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|
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Jeffrey Wolfe**
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|
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Thomas Zakian**
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*Principal Business Office is 200 Berkeley Street, Boston, MA 02116
**Principal Business Office is 197 Clarendon Street, Boston, MA 02116
***Principal Business Office is 200 Bloor Street, Toronto, Canada M4W1E5
****Principal Business Office is 250 Bloor Street, Toronto, Canada M4W1E5
Item 32. Persons Controlled by or Under Common Control with the Depositor or the Registrant
The Registrant is a separate account of the Depositor operating as a unit investment trust. The Registrant supports benefits payable under the Depositor's variable life insurance policies by investing assets allocated to various investment options in shares of John Hancock Variable Insurance Trust (formerly, John Hancock Trust) and other mutual funds registered under the Investment Company Act of 1940 as open-end management investment companies of the "series" type.
As of the effective date of the registration statement, the Company and its affiliates are controlled by Manulife Financial Corporation.
Item 33. Indemnification
The Form of Selling Agreement or Service Agreement between John Hancock Distributors LLC ("JH Distributors") and various broker-dealers may provide that the selling broker-dealer indemnify and hold harmless JH Distributors and the Company, including their affiliates, officers, directors, employees and agents against losses, claims, liabilities or expenses (including reasonable attorney's fees), arising out of or based upon a breach of the Selling or Service Agreement, or any applicable law or regulation or any applicable rule of any self-regulatory organization or similar provision consistent with industry practice.
Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
Item 34. Principal Underwriters
(a) Set forth below is information concerning other investment companies for which JH Distributors, the principal underwriter of the contracts, acts as investment adviser or principal underwriter.
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Name of Investment Company
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Capacity in Which Acting
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John Hancock Variable Life Account S
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Principal Underwriter
|
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John Hancock Variable Life Account U
|
Principal Underwriter
|
|
John Hancock Variable Life Account V
|
Principal Underwriter
|
|
John Hancock Variable Life Account UV
|
Principal Underwriter
|
|
John Hancock Life Insurance Company (U.S.A.) Separate Account R
|
Principal Underwriter
|
|
John Hancock Life Insurance Company (U.S.A.) Separate Account T
|
Principal Underwriter
|
|
John Hancock Life Insurance Company (U.S.A.) Separate Account W
|
Principal Underwriter
|
|
John Hancock Life Insurance Company (U.S.A.) Separate Account X
|
Principal Underwriter
|
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John Hancock Life Insurance Company (U.S.A.) Separate Account Q
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Principal Underwriter
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John Hancock Life Insurance Company (U.S.A.) Separate Account A
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Principal Underwriter
|
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John Hancock Life Insurance Company (U.S.A.) Separate Account N
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Principal Underwriter
|
|
John Hancock Life Insurance Company (U.S.A.) Separate Account H
|
Principal Underwriter
|
|
John Hancock Life Insurance Company (U.S.A.) Separate Account I
|
Principal Underwriter
|
|
John Hancock Life Insurance Company (U.S.A.) Separate Account J
|
Principal Underwriter
|
|
John Hancock Life Insurance Company (U.S.A.) Separate Account K
|
Principal Underwriter
|
|
John Hancock Life Insurance Company (U.S.A.) Separate Account L
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Principal Underwriter
|
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John Hancock Life Insurance Company (U.S.A.) Separate Account M
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Principal Underwriter
|
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John Hancock Life Insurance Company of New York Separate Account B
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Principal Underwriter
|
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John Hancock Life Insurance Company of New York Separate Account A
|
Principal Underwriter
|
(b) John Hancock Life Insurance Company (U.S.A.) is the sole member of JH Distributors and the following comprise the Board of Managers and Officers of JH Distributors.
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Name
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Title
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Rick Carlson**
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Vice President, US Taxation
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Jeffrey H. Long**
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Vice President, Chief Financial Officer and Financial
Operations Principal
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Edward P. Macdonald**
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Vice President, General Counsel
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Gary Tankersley*
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Director, President and Chief Executive Officer
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Alex Silva*
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Director
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Christopher Walker***
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Director, Vice President, Investments
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Tracy Lannigan**
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Vice President, Corporate Secretary
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*Principal Business Office is 200 Berkeley Street, Boston, MA 02116
**Principal Business Office is 197 Clarendon Street, Boston, MA 02116
***Principal Business Office is 200 Bloor Street, Toronto, Canada M4W1E5
(c) John Hancock Distributors LLC
Compensation received, directly or indirectly, from the Registrant by John Hancock Distributors LLC, the sole principal underwriter of the contracts funded by the Separate Account during the last fiscal year:
|
(1)
|
(2)
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(3)
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(4)
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(5)
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|
Name of
Principal
Underwriter
|
Net
Underwriting
Discounts and
Commissions
|
Compensation
on Events
Occasioning
the Deduction
of a Deferred
Sales Load
|
Brokerage
Commissions
|
Other
Compensation
|
|
John Hancock
Distributors LLC
|
$0
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$0
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$0
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$0
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Item 35. Location of Accounts and Records
The information required by this item is included in the most recent Form N-CEN filed with the SEC by the Separate Account.
Item 36. Management Services
All management services contracts are discussed in Part A or Part B.
Item 37. Fee Representation
Representation of Insurer Pursuant to Section 26 of the Investment Company Act of 1940.
John Hancock Life Insurance Company of New York hereby represents that the fees and charges deducted under the policies issued pursuant to this registration statement, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the Company.
Signatures
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, Commonwealth of Massachusetts, on this 17th day of October, 2024.
John Hancock Life Insurance Company of New York Separate Account B
(Registrant)
By: JOHN HANCOCK LIFE INSURANCE COMPANY of NEW YORK
By: *____________________
Brooks Tingle
Principal Executive Officer
JOHN HANCOCK LIFE INSURANCE COMPANY of NEW YORK
(Depositor)
By: *____________________
Brooke Tingle
Principal Executive Officer
|
/s/Michael A. Ramirez
Michael A. Ramirez, as Attorney-In-Fact
|
|
*Pursuant to Power of Attorney
Signatures
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated as of the 17th day of October, 2024.
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Signatures
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Title
|
|
*
Eileen Cloherty
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Chief Accounting Officer and Controller
|
|
*
Alex Silva
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Chief Financial Officer
|
|
*
Brooks Tingle
|
Chair, Director, President and Chief Executive
Officer
|
|
*
Nora N. Crouch
|
Director
|
|
*
Aimee DeCamillo
|
Director
|
|
*
Dara Gough
|
Director
|
|
*
Thomas Edward Hampton
|
Director
|
|
*
J. Stephanie Nam
|
Director
|
|
*
Ken Ross
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Director
|
|
*
Shamus Weiland
|
Director
|
|
*
Henry H. Wong
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Director
|
|
/s/Michael A. Ramirez
Michael A. Ramirez, as Attorney-In-Fact
|
*Pursuant to Power of Attorney