10/16/2024 | Press release | Distributed by Public on 10/16/2024 14:50
Asfiled with the Securities and Exchange Commission on October 16, 2024
Registration Nos.
333-275837
811-05563
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-6
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
X |
|
Pre-Effective Amendment No. |
X |
|
Post-Effective Amendment No. 1 |
O |
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
X |
Amendment No. 631 |
X |
PACIFIC SELECT EXEC SEPARATE ACCOUNT OF
PACIFIC LIFE INSURANCE COMPANY
(Exact Name of Registrant)
PACIFIC LIFE INSURANCE COMPANY
(Name of Depositor)
700 Newport Center Drive
Newport Beach, California 92660
(Address of Depositor's Principal Executive Offices) (Zip Code)
(949) 219-3011
(Depository's Telephone Number, including Area Code)
Alison Ryan
Assistant Vice President and Managing Assistant General Counsel II
Pacific Life Insurance Company
700 Newport Center Drive
Newport Beach, California 92660
(Name and Address of Agent for Service)
Approximate Date of Proposed Public Offering:
It is proposed that this filing will become effective (check appropriate box)
O immediately upon filing pursuant to paragraph (b) of Rule 485
X on October 16, 2024pursuant to paragraph (b) of Rule 485
O 60 days after filing pursuant to paragraph (a)(1) of Rule 485
O on ________ pursuant to paragraph (a)(1) of Rule 485
If appropriate, check the following box:
O This post-effective amendment designates a new date for a previously filed post-effective amendment.
Supplement dated October 16, 2024 to the Statutory Prospectus dated May 1, 2024 for the
Pacific Admiral VUL, MVP VUL Admiral, Pacific Legacy, Pacific Protector, and Pacific Protector Plus flexible premium variable
universal life insurance policies issued by Pacific Life Insurance Company
The purpose of this supplement is to update certain underlying fund information. This supplement must be preceded or accompanied by the Statutory Prospectus (the "Prospectus") for your Contract, as supplemented. Capitalized terms used in this supplement are defined in your Prospectus unless otherwise defined herein. "We'', "us'', or "our" refer to Pacific Life Insurance Company, as applicable; "you" or "your" refer to the Policy Owner. You can obtain a copy of the current Prospectus by contacting us at (800) 347-7787 or online at http://www.PacificLife.com. Please retain this supplement for future reference.
Effective November 1, 2024, the APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT is amended to reflect the following changes:
● | All references to the name for the Pacific Select Fund Mid-Cap Equity Portfolio will change to the Pacific Select Fund Mid-Cap Plus Bond Alpha Portfolio. The Subadvisor will change from BlackRock Investment Management, LLC to Fidelity Diversifying Solutions LLC. |
Effective November 1, 2024, the APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT is amended to add the following Funds:
Investment Objective |
Fund; Advisor (Subadvisor) |
Current Expenses |
Average Annual Total Returns (as of 12/31/2023) |
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1 Year | 5 Year | 10 Year | |||
This Fund seeks capital appreciation. | Pacific Select Fund Bond Plus Portfolio Class P; Pacific Life Fund Advisors, LLC | 0.45%1 | NA | NA | NA |
This Fund seeks capital appreciation. |
Pacific Select Fund International Equity Plus Bond Alpha Portfolio Class P; Pacific Life Fund Advisors, LLC | 0.45%1 | NA | NA | NA |
This Fund seeks capital appreciation. |
Pacific Select Fund Large-Cap Plus Bond Alpha Portfolio Class P; Pacific Life Fund Advisors, LLC | 0.43%1 | NA | NA | NA |
Seeks capital appreciation. | Pacific Select Fund Mid-Cap Plus Bond Alpha Portfolio Class P; Pacific Life Fund Advisors LLC (Fidelity Diversifying Solutions LLC) | 0.44%1 | 15.58% | 11.57% | 9.40% |
This Fund seeks capital appreciation. |
Pacific Select Fund QQQ Plus Bond Alpha Portfolio Class P; Pacific Life Fund Advisors, LLC | 0.46%1 | NA | NA | NA |
This Fund seeks capital appreciation. |
Pacific Select Fund Small-Cap Plus Bond Alpha Portfolio Class P; Pacific Life Fund Advisors, LLC | 0.48%1 | NA | NA | NA |
1To help limit Fund expenses, Fund advisers have contractually agreed to reduce investment advisory fees or otherwise reimburse certain of their Funds which reflect temporary fee reductions. There can be no assurance that Fund expense waivers or reimbursements will be extended beyond their current terms as outlined in each Fund prospectus, and they may not cover certain expenses such as extraordinary expenses. See each Fund prospectus for complete information regarding these arrangements.
Form No. 15-53317-00
Prospectus
SAI
PACIFIC SELECT EXEC SEPARATE ACCOUNT
PART C: OTHER INFORMATION (Pacific Protector Plus VUL)
Item 30. Exhibits
(1) |
Board of Directors Resolution |
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(a) |
Resolution of the Board of Directors of the Depositor dated November 22, 1989 and copies of the Memoranda concerning Pacific Select Exec Separate Account dated May 12, 1988 and January 26, 1993. Filed as part of the Registration Statement on Form N-6 on September 10, 2004, File No. 333-118913, Accession Number 0000892569-04-000869. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000089256904000869/a01082exv99w1xay.htm |
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(b) |
Resolution of the Board of Directors of Pacific Life Insurance Company authorizing conformity to the terms of the current Bylaws. Filed as part of the Registration Statement on Form N-6 on September 10, 2004, File No. 333-118913, Accession Number 0000892569-04-000869. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000089256904000869/a01082exv99w1xby.htm |
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(2) |
Custodian Agreements |
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Inapplicable |
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(3) |
Underwriting Contracts |
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(a) |
Distribution Agreement between Pacific Life Insurance Company, Pacific Life & Annuity Company and Pacific Select Distributors, Inc. (PSD); Filed as part of the Registration Statement on Form N-4 on November 1, 2023, File No. 333-250190, Accession Number 0001104659-23-113342. This exhibit can be found at sec.gov/Archives/edgar/data/935823/000110465923113342/tm2329166d2_ex99-x3xa.htm |
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(1) |
Distribution Agreement between Pacific Life Insurance Company, Pacific Life & Annuity Company and Pacific Select Distributors, LLC (PSD) (Amended and Restated); Included in Registrant's Form N-6, File No. 333-150092, Accession No. 0001104659-17-024492 filed April 19, 2017, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465917024492/a16-17361_1ex99d3d.htm |
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(b) |
Form of Selling Agreement Between Pacific Mutual Distributors, Inc. and Various Broker-Dealers; Filed as part of the Registration Statement on Form N-6 on September 10, 2004, File No. 333-118913, Accession Number 0000892569-04-000869. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000089256904000869/a01082exv99w3xby.htm |
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(c) |
Distribution Agreement Between Pacific Select Distributors, Inc. and T. Rowe Price Investment Services, Inc.; Filed as part of the Registration Statement on Form N-6 on April 19, 2005, File No. 033-21754, Accession Number 0000892569-05-000254. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000089256905000254/a05877a1exv99wx3yxcy.htm |
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(1) |
First Amendment to Distribution Agreement; Included in Registrant's Form N-6, File No. 333-231309, Accession No. 0001104659-20-047475 filed April 16, 2020, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465920047475/a20-9361_1ex99d3c1.htm |
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(4) |
Contracts |
(a) |
Flexible Premium Variable Life Insurance Policy (form ICC23 P23VIUL) |
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(1) |
Specifications pages (form ICC23 S23VIUL) |
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(b) |
Accelerated Death Benefit Rider for Chronic Illness (form ICC12 R12CIC) (Premier Living Benefits Rider); Filed as part of the Registration Statement on Form N-6 on October 19, 2012, File No. 333-150092, Accession Number 0000950123-12-012563. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000095012312012563/a30132aexv99wx4yxxy.htm |
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(c) |
Short-Term No-Lapse Guarantee Rider (form ICC21 R21SNL); Included in Registrant's Form N-6, File No. 333-260417, Accession No. 0001104659-22-081445 filed July 13, 2021, and incorporated by reference herein. This exhibit can be found at https://www.sec.gov/Archives/edgar/data/832908/000110465922081445/a22-21244_1ex99d4c.htm |
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(d) |
Accelerated Death Benefit Rider for Terminal Illness (form ICC12-R12TIV) (Terminal Illness Rider); Filed as part of the Registration Statement on Form N-6 via EDGAR on May 29, 2012, File No. 333-172851, Accession Number 0001193125-12-250623. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000119312512250623/d357127dex994e.htm |
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(e) |
Accelerated Death Benefit Rider for Chronic Conditions (form ICC22 R22CHR) (Premier Chronic Illness Rider); Included in Registrant's Form N-6, File No. 333-260417, Accession No. 0001104659-22-081445 filed July 13, 2021, and incorporated by reference herein. This exhibit can be found at https://www.sec.gov/Archives/edgar/data/832908/000110465922081445/a22-21244_1ex99d4g.htm |
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(1) |
Specifications pages (form ICC21 S21CHR); Included in Registrant's Form N-6, File No. 333-260417, Accession No. 0001104659-22-081445 filed July 13, 2021, and incorporated by reference herein. This exhibit can be found at https://www.sec.gov/Archives/edgar/data/832908/000110465922081445/a22-21244_1ex99d4g1.htm |
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(f) |
Accelerated Death Benefit Rider for Chronic and Terminal Illness (form ICC18 R18ADB) (Premier Living Benefits 2 Rider); Filed as part of the Registration Statement on Form N-6 on May 9, 2019, File No. 333-231309, Accession Number 0001104659-19-028108, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919028108/a19-9294_1ex99d4q.htm |
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(1) |
Specifications pages (form ICC18 S18ADB); Filed as part of the Registration Statement on Form N-6 on May 9, 2019, File No. 333-231309, Accession Number 0001104659-19-028108, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919028108/a19-9294_1ex99d4q1.htm |
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(g) |
1 Year Indexed Account (form ICC20 I20V1NDX); Included in Registrant's Form N-6, File No. 333-238780, Accession No. 0001104659-20-067577 filed May 29, 2020, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465920067577/a20-20758_1ex99db4h.htm |
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(h) |
1 Year High Par Volatility Control Indexed Account (form ICC23 I23V1NDX11) (VCIA) |
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(i) |
1 Year Indexed Account 4 (form ICC20 I20V1NDX4)(No Cap); Included in Registrant's Form N-6, File No. 333-238780, Accession No. 0001104659-20-067577 filed May 29, 2020, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465920067577/a20-20758_1ex99db4i.htm |
(j) |
1 Year Indexed Account 6 (form ICC20 I20V1NDX6)(High Cap); Included in Registrant's Form N-6, File No. 333-238780, Accession No. 0001104659-20-067577 filed May 29, 2020, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465920067577/a20-20758_1ex99db4j.htm |
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(k) |
Fixed LT Account (form ICC23 F23FXDLT) |
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(5) |
Applications |
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(a) |
Application for Flexible Premium Variable Life Insurance Policy & General Questionnaire |
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(6) |
Depositor's Certificate of Incorporation and By-Laws |
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(a) |
Bylaws of Pacific Life Insurance Company; Filed as part of the Registration Statement on Form N-6 on September 10, 2004, File No. 333-118913, Accession Number 0000892569-04-000869. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000089256904000869/a01082exv99w6xby.htm |
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(b) |
Articles of Incorporation of Pacific Life Insurance Company; Filed as part of the Registration Statement on Form N-6 on September 10, 2004, File No. 333-118913, Accession Number 0000892569-04-000869. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000089256904000869/a01082exv99w6xay.htm |
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(c) |
Restated Articles of Incorporation of Pacific Life Insurance Company; Filed as part of the Registration Statement on Form N-6 on December 6, 2005, File No. 333-118913, Accession Number 0000892569-05-001150. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000089256905001150/a14958exv99wx6yxcy.htm |
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(d) |
Bylaws of Pacific Life Insurance Company As Amended Effective September 1, 2005; Filed as part of the Registration Statement on Form N-6 via EDGAR on December 6, 2005, File No. 333-118913, Accession Number 0000892569-05-001150. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000089256905001150/a14958exv99wx6yxdy.htm |
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(7) |
Reinsurance Contracts |
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(a) |
Reinsurance Agreement with RGA Reinsurance Company Effective December 1, 2008; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7a.htm |
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(1) |
Amendments 1 and 2 to Reinsurance Agreement; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7a1.htm |
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(2) |
Amendment 3 to Reinsurance Agreement (portions of this amendment have been omitted) ; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7a2.htm |
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(3) |
Amendments 4 through 17 to Reinsurance Agreement; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7a3.htm |
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(b) |
Reinsurance Agreement with Swiss Re Life & Health America Inc. Effective December 1, 2008; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7b.htm |
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(1) |
Amendments 1 through 3 to Reinsurance Agreement; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7b1.htm |
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(2) |
Amendment 4 to Reinsurance Agreement (portions of this amendment have been omitted) ; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7b2.htm |
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(3) |
Amendments 5 through 17 to Reinsurance Agreement; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7b3.htm |
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(c) |
Reinsurance Agreement with Munich American Reassurance Company Effective December 1, 2008; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7c.htm |
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(1) |
Amendments 1 through 16 to Reinsurance Agreement; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7c1.htm |
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(d) |
Reinsurance Agreement with SCOR Global Life USA Reinsurance Company (formerly Generali USA Life Reassurance Company) Effective December 1, 2008; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7d.htm |
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(1) |
Amendments 1 and 2 to Reinsurance Agreement; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7d1.htm |
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(2) |
Amendment 3 to Reinsurance Agreement (portions of this amendment have been omitted); Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7d2.htm |
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(3) |
Amendments 4 through 16 to Reinsurance Agreement; Filed as part of the Registration Statement on Form N-6 on December 13, 2019, File No. 333-231309, Accession Number 0001104659-19-072404. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919072404/a19-25055_1ex99d7d3.htm |
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(8) |
Participation Agreements |
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(a) |
Participation Agreement between Pacific Life Insurance Company and Pacific Select Fund; Filed as part of the Registration Statement on Form N-6 on September 10, 2004, File No. 333-118913, Accession Number 0000892569-04-000869. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000089256904000869/a01082exv99w8xay.htm |
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(1) |
Exhibit B to the Pacific Select Fund Participation Agreement; Included in Registrant's Form N-4, File No. 333-160772, Accession No. 0001193125-14-310473 filed August 15, 2014, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/935823/000119312514310473/d767546dex998qq.htm |
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(b) |
Participation Agreement with Fidelity Variable Insurance Products (Variable Insurance Products Funds, Variable Insurance Products Fund II, Variable Insurance Products Fund III); Filed as part of the Registration Statement on Form N-4 on November 1, 2023, File No. 333-250190, Accession Number 0001104659-23-113342. This exhibit can be found at https://www.sec.gov/Archives/edgar/data/935823/000110465923113342/tm2329166d2_ex99-x8xw.htm |
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(1) |
First Amendment to Fidelity Distributors Corporation Participation Agreement; Filed as part of the Registration Statement on Form N-6 on September 28, 2007, File No. 333-118913, Accession Number 0000892569-07-001219. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000089256907001219/a34112exv99wx8yxyy.htm |
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(2) |
Second Amendment to Fidelity Distributors Corporation Participation Agreement; Filed as part of the Registration Statement on Form N-6 on April 23, 2012, File No. 333-150092, Accession Number 000950123-12-006370. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000095012312006370/a59859bexv99wx8yxxyx2y.htm |
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(3) |
Third Amendment to Fidelity Distributors Corporation Participation Agreement; Included as part of the Registration Statement on Form N-6, File No. 333-231309, filed on July 31, 2019, Accession No. 0001104659-19-042835, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919042835/a19-13237_1ex99d8t3.htm |
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(4) |
Fourth Amendment to Fidelity Distributors Corporation Participation Agreement; Included in Registrant's Form N-6, File No. 333-231309, Accession No. 0001104659-20-047475 filed April 16, 2020, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465920047475/a20-9361_1ex99d8t4.htm |
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(5) |
Fifth Amendment to Fidelity Distributors Corporation Participation Agreement; Included in Registrant's Form N-6, File No. 333-238780, Accession No. 0001104659-20-108573 filed September 25, 2020, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465920108573/a20-31614_1ex99d8b5.htm |
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(1) |
Amendment to Fidelity Distributors Corporation Service Contract; Filed as part of the Registration Statement on Form N-6 on September 28, 2007, File No. 333-118913, Accession Number 0000892569-07-001219. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000089256907001219/a34112exv99wx8yxaay.htm |
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(c) |
Service Contract with Fidelity Distributors Corporation; Filed as part of the Registration Statement on Form N-4 on November 1, 2023, File No. 333-250190, Accession Number 0001104659-23-113342. This exhibit can be found at https://www.sec.gov/Archives/edgar/data/935823/000110465923113342/tm2329166d2_ex99-x8xx.htm |
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(d) |
Amendment to Fidelity Investments Institutional Operations Company, Inc. Service Agreement; Filed as part of the Registration Statement on Form N-6 on July 30, 2021, File No. 333-255746, Accession Number 0001104659-21-098029. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465921098029/a21-23543_1ex99d8d.htm |
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(f) |
Participation Agreement with DFA Investment Dimensions Group Inc.; Filed as part of the Registration Statement on Form N-6 on May 9, 2019, File No. 333-231309, Accession Number 0001104659-19-028108, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465919028108/a19-9294_1ex99d8ww.htm |
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(1) |
First Amendment to Participation Agreement; Included in Registrant's Form N-6, File No. 333-238780, Accession No. 0001104659-20-108573 filed September 25, 2020, and incorporated by reference herein. This exhibit can be found at https://www.sec.gov/Archives/edgar/data/832908/000110465920108573/a20-31614_1ex99d8f1.htm |
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(g) |
Participation Agreement with Vanguard Variable Insurance Fund; Filed as part of the Registration Statement on Form N-6 on May 14, 2020, File No. 333-231311, Accession Number 0001104659-20-061462, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000110465920061462/a20-19511_5ex99d8yy.htm |
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(h) |
Participation Agreement with Neuberger Berman; Filed as part of the Registration Statement on Form N-6 on April 15, 2013, File No. 333-172851, Accession Number 0000950123-13-002255, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000095012313002255/a30080bexv99w8xrry.htm |
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(1) |
First Amendment to Participation Agreement; Included in Registrant's Form N-6, File No. 333-172851, Accession No. 0001193125-15-304332 filed on August 27, 2015, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000119312515304332/d33130dex998rr1.htm |
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(i) |
Distribution and Administrative Services Agreement (Amended and Restated) with Neuberger Berman; Filed as part of the Registration Statement on Form N-6 on August 27, 2015, File No. 333-172851, Accession Number 0001193125-15-304332, and incorporated by reference herein. This exhibit can be found at http://www.sec.gov/Archives/edgar/data/832908/000119312515304332/d33130dex998aaa.htm |
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(9) |
Administrative Contracts |
Inapplicable |
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(10) |
Other Material Contracts |
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Inapplicable |
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(11) |
Legal Opinion |
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Opinion and consent of legal officer of Pacific Life as to legality of policies being registered |
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(12) |
Actuarial Opinion |
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Inapplicable |
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(13) |
Calculation |
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Inapplicable |
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(14) |
Other Opinions |
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Consent of Independent Registered Public Accounting Firm and Consent of Independent Auditors |
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(15) |
Omitted Financial Statements |
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Inapplicable |
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(16) |
Initial Capital Agreements |
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Inapplicable |
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(17) |
Redeemability Exemption |
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Memorandum describing Pacific Life Insurance Company's issuance, transfer and redemption procedures for the Policies pursuant to Rule 6e-3(T)(b)(12)(iii) |
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(18) |
Powers of Attorney |
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Powers of Attorney; |
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(19) |
Form of Initial Summary Prospectus |
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Inapplicable |
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EX-101.SCH |
XBRL TAXONOMY EXTENSION SCHEMA |
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Item 31. Directors and Officers of Pacific Life
Name and Address |
Positions and Offices with Pacific Life |
Darryl D. Button |
Director, Chairman, President, and Chief Executive Officer |
Vibhu R. Sharma |
Director, Executive Vice President and Chief Financial Officer |
Adrian S. Griggs |
Director, Executive Vice President and Chief Operating Officer |
Jason Orlandi |
Director, Executive Vice President, General Counsel and Assistant Secretary |
Dawn M. Behnke |
Executive Vice President |
Starla C. Yamauchi |
Assistant Vice President and Secretary |
Carol J. Krosky |
Senior Vice President and Chief Accounting Officer |
Craig W. Leslie |
Senior Vice President and Treasurer |
The address for each of the persons listed above is as follows:
700 Newport Center Drive Newport Beach, California 92660
Item 32. Persons Controlled by or Under Common Control with Pacific Life or Pacific Select Exec Separate Account
The following is an explanation of the organization chart of Pacific Life's subsidiaries:
Pacific Life is a Nebraska Stock Life Insurance Company wholly-owned by Pacific LifeCorp (a Delaware Stock Holding Company), which is, in turn, 100% owned by Pacific Mutual Holding Company (a Nebraska Mutual Insurance Holding Company).
PACIFIC LIFE, SUBSIDIARIES & AFFILIATED ENTERPRISES LEGAL STRUCTURE
Jurisdiction of Incorporation or Organization |
Percentage of Ownership by its Immediate Parent |
||||||||
Pacific Mutual Holding Company |
Nebraska |
||||||||
Pacific LifeCorp |
Delaware |
100 |
|||||||
Pacific Life Insurance Company |
Nebraska |
100 |
|||||||
APC Asset Development I LP |
Delaware |
99.92 |
|||||||
APC Asset Development II LP |
Delaware |
99.94 |
|||||||
Pacific Life & Annuity Company |
Arizona |
100 |
|||||||
Pacific Life Purchasing LLC |
Delaware |
100 |
|||||||
Pacific Select Distributors, LLC |
Delaware |
100 |
|||||||
Pacific Asset Holding LLC |
Delaware |
100 |
|||||||
Pacific TriGuard Partners LLC |
Delaware |
100 |
|||||||
Gallery Limited Member, LLC |
Delaware |
100 |
|||||||
Gallery Place MRP-GFI Venture, LLC |
Delaware |
10 |
|||||||
Grayhawk Golf Holdings, LLC |
Delaware |
95 |
|||||||
Grayhawk Golf L.L.C. |
Arizona |
100 |
|||||||
Las Vegas Golf I, LLC |
Delaware |
100 |
|||||||
Angel Park Golf, LLC |
Nevada |
100 |
|||||||
PL/KBS Fund Member, LLC |
Delaware |
100 |
|||||||
Wildflower Member, LLC |
Delaware |
100 |
|||||||
Epoch-Wildflower, LLC |
Florida |
100 |
|||||||
PL TOR Member LLC |
Delaware |
100 |
|||||||
2803 Riverside Apartment Investors, LLC |
Delaware |
90 |
|||||||
PL Denver Member, LLC |
Delaware |
100 |
|||||||
1776 Curtis, LLC |
Delaware |
70 |
|||||||
PL Timberlake Member, LLC |
Delaware |
100 |
|||||||
80 South Gibson Road Apartment Investors, LLC |
Delaware |
90 |
|||||||
PL Van Buren Member, LLC |
Delaware |
100 |
|||||||
1035 Van Buren Holdings, L.L.C. |
Delaware |
43 |
|||||||
PL Lakemont Member, LLC |
Delaware |
100 |
|||||||
Overlook at Lakemont Venture LLC |
Delaware |
88 |
700 Main Street LLC |
Delaware |
100 |
||||||
PL One Jefferson Member, LLC |
Delaware |
100 |
||||||
One Jefferson Venture LLC |
Delaware |
90 |
||||||
PL Redland Member, LLC |
Delaware |
100 |
||||||
Redland Road Apartment Investors, LLC |
Delaware |
90 |
||||||
PL Mortgage Fund, LLC |
Delaware |
100 |
||||||
PL Andate Member, LLC |
Delaware |
100 |
||||||
Andante Venture LLC |
Delaware |
90 |
||||||
PL Beardslee Member, LLC |
Delaware |
100 |
||||||
Village at Beardslee Investor, LLC |
Delaware |
90 |
||||||
PL Monterone Member, LLC |
Delaware |
100 |
||||||
Monterone Apartment Investor, LLC |
Delaware |
90 |
||||||
PL Reno Member, LLC |
Delaware |
100 |
||||||
NPLC BV Manager LLC |
Delaware |
82.353 |
||||||
PL Wabash Member, LLC |
Delaware |
100 |
||||||
THC 1333 S. Wabash LLC |
Delaware |
90 |
||||||
PL Kierland Member, LLC |
Delaware |
100 |
||||||
T&L Apartment Investor, LLC |
Delaware |
90 |
||||||
PL Wardman Member, LLC |
Delaware |
100 |
||||||
Wardman Hotel Owner, L.L.C. |
Delaware |
100 |
||||||
PL Peoria Member, LLC |
Delaware |
100 |
||||||
205 Peoria Street Owner, LLC |
Delaware |
100 |
||||||
PL Stonebriar Member, LLC |
Delaware |
100 |
||||||
Stonebriar Apartment Investor, LLC |
Delaware |
90 |
||||||
PL Deer Run Member, LLC |
Delaware |
100 |
||||||
Deer Run JV LLC |
Delaware |
60 |
||||||
PL Tessera Member, LLC |
Delaware |
100 |
||||||
Tessera Venture LLC |
Delaware |
90 |
||||||
PL Vantage Member, LLC |
Delaware |
100 |
||||||
Vantage Post Oak Apartments, LLC |
Delaware |
90 |
||||||
PL Fairfax Gateway Member, LLC |
Delaware |
100 |
||||||
Fairfield Fairfax Gateway LLC |
Delaware |
90 |
||||||
PL Four Westlake Owner, LLC |
Delaware |
100 |
||||||
PL 922 Washington Owner, LLC |
Delaware |
100 |
||||||
PL Hana Place Member, LLC |
Delaware |
100 |
||||||
Hana Place JV LLC |
Delaware |
60 |
||||||
PL LasCo Owner, LLC |
Delaware |
100 |
||||||
PL Wilshire Member, LLC |
Delaware |
100 |
||||||
Wilshire Apartment Investors, LLC |
Delaware |
90 |
||||||
PL Cedarwest Member, LLC |
Delaware |
100 |
||||||
Cedarwest JV LLC |
Delaware |
60 |
||||||
PL Tupelo Member, LLC |
Delaware |
100 |
||||||
Tupelo Alley Apartment Investors, LLC |
Delaware |
90 |
||||||
PL Aster Member, LLC |
Delaware |
100 |
||||||
Alston Manor Investors JV LLC |
Delaware |
90 |
||||||
PL Anthology Member, LLC |
Delaware |
100 |
||||||
Anthology Venture LLC |
Delaware |
100 |
||||||
Anthology Owner LLC |
Delaware |
100 |
||||||
Anthology CEA Owner LLC |
Delaware |
100 |
||||||
PL Trelago Member, LLC |
Delaware |
100 |
||||||
Trelago Way Investors JV LLC |
Delaware |
100 |
||||||
PL 803 Division Street Member, LLC |
Delaware |
100 |
||||||
Nashville Gulch Venture LLC |
Delaware |
100 |
||||||
Nashville Gulch Owner LLC |
Delaware |
100 |
||||||
PL Little Italy Member, LLC |
Delaware |
100 |
||||||
Little Italy Apartments LLC |
Delaware |
69.1848 |
||||||
PL Gramax Member, LLC |
Delaware |
100 |
||||||
ASI Gramax LLC |
Delaware |
90 |
||||||
PL Walnut Creek Member, LLC |
Delaware |
100 |
||||||
Del Hombre Walnut Creek Holdings LLC |
Delaware |
75 |
||||||
PL Dairies Owner, LLC |
Delaware |
100 |
||||||
PL SFR HD Member, LLC |
Delaware |
100 |
SFR JV-HD LP |
Delaware |
33.333 |
||||||||||||||
SFR JV-HD TL Equity A LLC |
Delaware |
100 |
||||||||||||||
SFR JV-HD TL Borrower A LLC |
Delaware |
100 |
||||||||||||||
SFR JV-HD TL Equity B LLC |
Delaware |
100 |
||||||||||||||
SFR JV-HD TL Borrower B LLC |
Delaware |
100 |
||||||||||||||
SFR JV-HD Equity LCC |
Delaware |
100 |
||||||||||||||
SFR JV-HD Property LLC |
Delaware |
100 |
||||||||||||||
PL Adley Member, LLC |
Delaware |
100 |
||||||||||||||
Redwood PL Adley LLC |
Delaware |
90 |
||||||||||||||
DD 6075 Roswell LLC |
Georgia |
100 |
||||||||||||||
PL GAAV Member, LLC |
Delaware |
100 |
||||||||||||||
Greystar Active Adult Venture I, LP |
Delaware |
45 |
||||||||||||||
GS AA Draper HoldCo, LLC |
Delaware |
100 |
||||||||||||||
GS AA Draper Owner, LLC |
Delaware |
100 |
||||||||||||||
GS AA Village5 HoldCo, LLC |
Delaware |
100 |
||||||||||||||
GS AA Village5 Owner, LLC |
Delaware |
100 |
||||||||||||||
GS AA Avenu Natick HoldCo, LLC |
Delaware |
100 |
||||||||||||||
GS AA Avenu Natick HoldCo, LLC |
Delaware |
100 |
||||||||||||||
GS AA Riverwalk HoldCo, LLC |
Delaware |
100 |
||||||||||||||
GS AA Riverwalk Owner, LLC |
Delaware |
100 |
||||||||||||||
GS AA Stapleton HoldCo, LLC |
Delaware |
100 |
||||||||||||||
GS AA Stapleton Owner, LLC |
Delaware |
100 |
||||||||||||||
GS AA San Marcos HoldCo, LLC |
Delaware |
100 |
||||||||||||||
GS AA San Marcos Owner, LLC |
Delaware |
100 |
||||||||||||||
GS AA Vistas HoldCo LLC |
Delaware |
100 |
||||||||||||||
GS AA Vistas Owner LLC |
Delaware |
100 |
||||||||||||||
GS AA Kierland HoldCo LLC |
Delaware |
100 |
||||||||||||||
GS AA Kierland Owner LLC |
Delaware |
100 |
||||||||||||||
GS AA Naperville HoldCo, LLC |
Delaware |
100 |
||||||||||||||
GS AA Naperville Owner, LLC |
Delaware |
100 |
||||||||||||||
PL Fountain Springs Member, LLC |
Delaware |
100 |
||||||||||||||
Fountain Springs JV LLC |
Delaware |
80 |
||||||||||||||
Fountain Springs LLC |
Colorado |
100 |
||||||||||||||
PL SFR MLS Member, LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 LP |
Delaware |
16.129 |
||||||||||||||
SFR JV-2 2022-1 Equity Owner LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 2022-1 Borrower LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 2022-1 Depositor LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 2022-2 Equity Owner LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 2022-2 Borrower LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 2022-2 Depositor LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 DDTL Equity LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 DDTL Borrower LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 NTL Equity LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 NTL Borrower LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 2023-1 Equity Owner LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 2023-1 Borrower LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 2023-1 Depositor LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 Equity LLC |
Delaware |
100 |
||||||||||||||
SFR JV-2 Property LLC |
Delaware |
100 |
||||||||||||||
PL Hawkins Press Member, LLC |
Delaware |
100 |
||||||||||||||
Hawkins Press Investors JV, LLC |
Delaware |
85 |
||||||||||||||
PL Wilder Member, LLC |
Delaware |
100 |
||||||||||||||
Redwood PL Wilder, LLC |
Delaware |
90 |
||||||||||||||
RPL Wilder, LLC |
Delaware |
100 |
||||||||||||||
PL Allston Yard Member, LLC |
Delaware |
100 |
||||||||||||||
Allston Yards Apartments, LLC |
Delaware |
80 |
||||||||||||||
PL Arkins Member, LLC |
Delaware |
100 |
||||||||||||||
2950 Arkins Owner, LLC |
Delaware |
90 |
||||||||||||||
2950 Arkins Commercial, LLC |
Delaware |
100 |
||||||||||||||
2950 Arkins Residential, LLC |
Delaware |
100 |
||||||||||||||
PL Bromwell Member, LLC |
Delaware |
100 |
Bromwell Investors LLC |
Delaware |
90 |
||||||||||||||||||||
Bromwell Owner LLC |
Delaware |
100 |
||||||||||||||||||||
PL Loso Member, LLC |
Delaware |
100 |
||||||||||||||||||||
South & Hollis Investors JV LLC |
Delaware |
85 |
||||||||||||||||||||
KA Loso Investors LLC |
Delaware |
73.743 |
||||||||||||||||||||
KA LOSO Holdings LLC |
Delaware |
100 |
||||||||||||||||||||
PL Tranquility Lake Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Tranquility Lake Apartment Partners, LLC |
Delaware |
90 |
||||||||||||||||||||
Tranquility Lake Apartments, LLC |
Delaware |
100 |
||||||||||||||||||||
PL Milieu Guarantor, LLC |
Delaware |
100 |
||||||||||||||||||||
PL Park Row Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Park Row Apartment Partners, LLC |
Delaware |
90 |
||||||||||||||||||||
Park Row Apartments, LLC |
Delaware |
100 |
||||||||||||||||||||
PL Towerview Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Preston Ridge Holdings JV LLC |
Delaware |
85 |
||||||||||||||||||||
PL DTC Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Legacy/PL DTC JV LLC |
Delaware |
90 |
||||||||||||||||||||
Legacy DTC Owner LLC |
Delaware |
100 |
||||||||||||||||||||
PL Monte Vista Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Monte Vista JV LLC |
Delaware |
79.984 |
||||||||||||||||||||
Monte Vista Preservation LP |
California |
99.98 |
||||||||||||||||||||
PL 315 Elden Member, LLC |
Delaware |
100 |
||||||||||||||||||||
315 Elden Multifamily JV Investors LLC |
Delaware |
90 |
||||||||||||||||||||
315 Elden Street Multifamily Partners LLC |
Delaware |
80 |
||||||||||||||||||||
315 Elden Street Owner LLC |
Delaware |
100 |
||||||||||||||||||||
PL 400k Member, LLC |
Delaware |
100 |
||||||||||||||||||||
400 K Street, LLC |
Delaware |
49.9 |
||||||||||||||||||||
PL 440k Member, LLC |
Delaware |
100 |
||||||||||||||||||||
440 K Street, LLC |
Delaware |
49.9 |
||||||||||||||||||||
PL Fusion Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Fusion MF Venture LLC |
Delaware |
90 |
||||||||||||||||||||
PL Heather Estates Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Heather Estates JV LLC |
Delaware |
80 |
||||||||||||||||||||
PL Canyon Park Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Canyon Park JV LLC |
Delaware |
80 |
||||||||||||||||||||
PL Alta Vista Newcastle MF Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Alta Vista Newcastle Multifamily JV Investor LLC |
Delaware |
90 |
||||||||||||||||||||
Alta Vista Newcastle Multifamily Partners LLC |
Delaware |
90 |
||||||||||||||||||||
Lost Spurs Owner LLC |
Delaware |
100 |
||||||||||||||||||||
Village at Bellaire Owner LLC |
Delaware |
100 |
||||||||||||||||||||
PL Del Sol Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Bradbury/Felix Investors, LLC |
Delaware |
95 |
||||||||||||||||||||
PL Evo Union Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Evo Union Park Venture, LLC |
Delaware |
87.5 |
||||||||||||||||||||
Evo Union Park Property Owner, LLC |
Delaware |
100 |
||||||||||||||||||||
PL Radian Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Radian Partners Group LLC |
Delaware |
66.5 |
||||||||||||||||||||
Radian Partners Property Owner LLC |
Delaware |
100 |
||||||||||||||||||||
PL Reed Row Member, LLC |
Delaware |
100 |
||||||||||||||||||||
KJ Florida Avenue JV LLC |
Delaware |
85 |
||||||||||||||||||||
KJ Florida Avenue Property LLC |
Delaware |
100 |
||||||||||||||||||||
PL Brightleaf Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Brightleaf Venture LLC |
Delaware |
90 |
||||||||||||||||||||
Brightleaf Owner LLC |
Delaware |
100 |
||||||||||||||||||||
PL Highgate Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Amherst Investors JV LLC |
Delaware |
95 |
||||||||||||||||||||
KPL Amherst Owner LLC |
Delaware |
100 |
||||||||||||||||||||
PL Town Center Member, LLC |
Delaware |
100 |
||||||||||||||||||||
Town Center MF Venture LLC |
Delaware |
90 |
||||||||||||||||||||
PL East County Road Owner, LLC |
Delaware |
100 |
||||||||||||||||||||
WW 1300 Keller Parkway LLC |
Delaware |
100 |
||||||||||||||||||||
PL Pretium Trust Owner, LLC |
Delaware |
100 |
PL 283 Commerce Member, LLC |
Delaware |
100 |
|||||||||||
283 Commerce Hub Venture, LLC |
Delaware |
90 |
|||||||||||
PL Sky Member, LLC |
Delaware |
100 |
|||||||||||
Sky JV LLC |
Delaware |
75 |
|||||||||||
Sky Owner LLC |
Delaware |
100 |
|||||||||||
PL Dean Member, LLC |
Delaware |
100 |
|||||||||||
PL Hadley Member, LLC |
Delaware |
100 |
|||||||||||
PL Metropolitan Member, LLC |
Delaware |
100 |
|||||||||||
PL Moreland Member, LLC |
Delaware |
100 |
|||||||||||
SNB HoldCo, LLC |
Delaware |
100 |
|||||||||||
SNB 116 Owner, LLC |
Delaware |
100 |
|||||||||||
SNB 120 Owner, LLC |
Delaware |
100 |
|||||||||||
SNB 124/125 Owner, LLC |
Delaware |
100 |
|||||||||||
SNB 540 Hotel Owner, LLC |
Delaware |
100 |
|||||||||||
PL Bala Cynwyd Member, LLC |
Delaware |
100 |
|||||||||||
Confederation Life Insurance and Annuity Company |
Georgia |
100 |
|||||||||||
Pacific Global Asset Management LLC (Formerly known as Pacific Asset Advisors LLC) |
Delaware |
100 |
|||||||||||
Pacific Global Advisors LLC |
Delaware |
100 |
|||||||||||
Pacific Private Fund Advisors LLC |
Delaware |
100 |
|||||||||||
Pacific Co-Invest Credit I GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Co-Invest Credit II GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Co-Invest Opportunities I GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Co-Invest Opportunities II GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Credit II GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Credit III GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Credit IV GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Credit V GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Credit Opportunities II GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Equity I GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Equity Opportunities II GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Equity Opportunities III GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Equity Opportunities V GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Feeder III GP, LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Feeder IV GP, LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Equity Opportunities IV GP LLC # |
Delaware |
100 |
|||||||||||
PPFA Credit Opportunities I GP LLC # |
Delaware |
100 |
|||||||||||
CAA-PPFA Equity Opportunities I GP LLC # |
Delaware |
100 |
|||||||||||
CAA-PPFA Opportunities II GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Equity Opportunities Fund II-B, LLC # |
Delaware |
0.01 |
|||||||||||
Pacific Private Equity II GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Equity II-A GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Private Equity Opportunities VI GP LLC # |
Delaware |
100 |
|||||||||||
Pacific Life Fund Advisors LLC |
Delaware |
100 |
|||||||||||
Pacific Life Trade Receivable GP LLC # (Formerly known as PAM Trade Receivable GP LLC) |
Delaware |
100 |
|||||||||||
Pacific Alliance Reinsurance Company of Vermont |
Vermont |
100 |
|||||||||||
Pacific Baleine Reinsurance Company |
Vermont |
100 |
|||||||||||
Pacific Private Equity Incentive Allocation LLC |
Delaware |
100 |
|||||||||||
Pacific Life & Annuity Services, Inc. |
Missouri |
100 |
|||||||||||
Pacific Life Re Holdings LLC |
Delaware |
100 |
|||||||||||
Pacific Life Re Global Limited (Formerly known as Pacific Life Reinsurance (Barbados) Ltd.) |
Bermuda |
100 |
|||||||||||
Pacific Life Re International Limited |
Bermuda |
100 |
|||||||||||
Pacific Life Re (Australia) Pty Limited |
Australia |
100 |
|||||||||||
Pacific Life Re Holdings Limited |
England |
100 |
|||||||||||
Pacific Life Re Limited |
England |
100 |
|||||||||||
Pacific Life Holdings Bermuda Limited |
Bermuda |
100 |
|||||||||||
Pacific Life Re (Shanghai) Information Consulting Services Co., Ltd. |
China |
100 |
|||||||||||
Pacific Life Services Bermuda Limited |
Bermuda |
100 |
|||||||||||
Pacific Life Re Services Singapore Pte. Limited |
Singapore |
100 |
|||||||||||
Pacific Life Re Services Limited |
England |
100 |
UnderwriteMe Limited |
England |
100 |
|||||||
UnderwriteMe Technology Solutions Limited |
England |
100 |
|||||||
UnderwriteMe North America Corp. |
Delaware |
100 |
|||||||
UnderwriteMe Australia Pty Limited |
Australia |
100 |
|||||||
Pacific Life Services Canada Limited |
Canada |
100 |
__________________________________
# = Abbreviated structure
Item 33. Indemnification
(a) The Distribution Agreement between Pacific Life Insurance Company, Pacific Life & Annuity Company (collectively referred to as "Pacific Life") and Pacific Select Distributors, LLC (PSD) provides substantially as follows:
Pacific Life shall indemnify and hold harmless PSD and PSD's officers, directors, agents, controlling persons, employees, subsidiaries and affiliates for all attorneys' fees, litigation expenses, costs, losses, claims, judgments, settlements, fines, penalties, damages, and liabilities incurred as the direct or indirect result of: (i) negligent, dishonest, fraudulent, unlawful, or criminal acts, statements, or omissions by Pacific Life or its employees, agents, officers, or directors; (ii) Pacific Life's breach of this Agreement; (iii) Pacific Life's failure to comply with any statute, rule, or regulation; (iv) a claim or dispute between Pacific Life and a Broker/Dealer (including its Representatives) and/or a Contract owner. Pacific Life shall not be required to indemnify or hold harmless PSD for expenses, losses, claims, damages, or liabilities that result from PSD's misfeasance, bad faith, negligence, willful misconduct or wrongful act.
PSD shall indemnify and hold harmless Pacific Life and Pacific Life's officers, directors, agents, controlling persons, employees, subsidiaries and affiliates for all attorneys' fees, litigation expenses, costs, losses, claims, judgments, settlements, fines, penalties, damages and liabilities incurred as the direct or indirect result of: (i) PSD's breach of this Agreement; and/or (ii) PSD's failure to comply with any statute, rule, or regulation. PSD shall not be required to indemnify or hold harmless Pacific Life for expenses, losses, claims, damages, or liabilities that have resulted from Pacific Life's willful misfeasance, bad faith, negligence, willful misconduct or wrongful act.
(b) The Form of Selling Agreement between Pacific Life, Pacific Select Distributors, LLC (PSD) and Various Broker-Dealers provides substantially as follows:
Pacific Life and PSD agree to indemnify and hold harmless Selling Broker-Dealer and General Agent, their officers, directors, agents and employees, against any and all losses, claims, damages or liabilities to which they may become subject under the 1933 Act, the 1934 Act, or other federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact or any omission or alleged omission to state a material fact required to be stated or necessary to make the statements made not misleading in the registration statement for the Contracts or for the shares of Pacific Select Fund (the "Fund") filed pursuant to the 1933 Act, or any prospectus included as a part thereof, as from time to time amended and supplemented, or in any advertisement or sales literature approved in writing by Pacific Life and PSD pursuant to Section IV.E. of this Agreement.
Selling Broker-Dealer and General Agent agree to indemnify and hold harmless Pacific Life, the Fund and PSD, their officers, directors, agents and employees, against any and all losses, claims, damages or liabilities to which they may become subject under the 1933 Act, the 1934 Act or other federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon: (a) any oral or written misrepresentation by Selling Broker- Dealer or General Agent or their officers, directors, employees or agents unless such misrepresentation is contained in the registration statement for the Contracts or Fund shares, any prospectus included as a part thereof, as from time to time amended and supplemented, or any advertisement or sales literature approved in writing by Pacific Life and PSD pursuant to Section IV.E. of this Agreement, (b) the failure of Selling Broker-Dealer or General Agent or their officers, directors, employees or agents to comply with any applicable provisions of this Agreement or (c) claims by Sub-agents or employees of General Agent or Selling Broker- Dealer for payments of compensation or remuneration of any type. Selling Broker-Dealer and General Agent will reimburse Pacific Life or PSD or any director, officer, agent or employee of either entity for any legal or other expenses reasonably incurred by Pacific Life, PSD, or such officer, director, agent or employee in connection with investigating or defending any such loss, claims, damages, liability or action. This indemnity agreement will be in addition to any liability which Broker-Dealer may otherwise have.
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed 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) |
PSD also acts as principal underwriter for Pacific Life Insurance Company, on its own behalf and on behalf of its Separate Account I, Separate Account A, Separate Account B, Pacific Select Variable Annuity Separate Account, Pacific Corinthian Variable Separate Account, Pacific Select Exec Separate Account, Pacific COLI Separate Account, Pacific COLI Separate Account II, Pacific COLI Separate Account III, Pacific COLI Separate Account IV, Pacific COLI Separate Account V, Pacific COLI Separate Account VI, Pacific COLI Separate Account X, Pacific COLI Separate Account XI, Pacific Select Separate Account, and Pacific Life & Annuity Company, on its own behalf and on behalf of its Separate Account A, Pacific Select Exec Separate Account, and Separate Account I. |
(b) |
For information regarding PSD, reference is made to Form B-D, SEC File No. 8-15264, which is herein incorporated by reference.This exhibit can be found at http://brokercheck.finra.org/firm/summary/4452 |
(c) |
PSD retains no compensation or net discounts or commissions from the Registrant. |
Item 35. Location of Accounts and Records
The accounts, books and other documents required to be maintained by Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and the rules under that section will be maintained by Pacific Life at 700 Newport Center Drive, Newport Beach, California 92660.
Item 36. Management Services
Inapplicable
Item 37. Fee Representation
REPRESENTATION PURSUANT TO SECTION 26(f) OF THE INVESTMENT COMPANY ACT OF 1940: Pacific Life Insurance Company and Registrant represent that the fees and charges to be deducted under the Variable Life Insurance Policy described in the prospectus contained in this registration statement are, in the aggregate, reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed in connection with the Contract.
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 of 1933 and has duly caused this Post-Effective Amendment No. 1 to the Registration Statement on Form N-6 to be signed on its behalf by the undersigned, duly authorized, in the City of Newport Beach, and State of California on the day of October 16, 2024.
PACIFIC SELECT EXEC SEPARATE ACCOUNT |
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(Registrant) |
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PACIFIC LIFE INSURANCE COMPANY |
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By: |
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Darryl D. Button* |
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Director, Chairman, President, and Chief Executive Officer |
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PACIFIC LIFE INSURANCE COMPANY |
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(Depositor) |
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By: |
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Darryl D. Button* |
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Director, Chairman, President, and Chief Executive Officer |
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 1 to the Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:
Signature |
Title |
Date |
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Director, Chairman, President, and Chief Executive Officer |
October 16, 2024 |
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Darryl D. Button* |
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Director, Executive Vice President and Chief Financial Officer |
October 16, 2024 |
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Vibhu R. Sharma* |
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Director, Executive Vice President and Chief Operating Officer |
October 16, 2024 |
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Adrian S. Griggs* |
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Director, Executive Vice President and General Counsel |
October 16, 2024 |
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Jason Orlandi* |
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Assistant Vice President and Secretary |
October 16, 2024 |
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Starla C. Yamauchi* |
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Executive Vice President |
October 16, 2024 |
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Dawn M. Behnke* |
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Senior Vice President and Chief Accounting Officer |
October 16, 2024 |
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Carol J. Krosky* |
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Vice President and Treasurer |
October 16, 2024 |
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Craig W. Leslie* |
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*By: |
/s/ ALISON RYAN |
October 16, 2024 |
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Alison Ryan |
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as attorney-in-fact |
(Powers of Attorney are contained in this Registration Statement as Exhibit 18). |