EXHIBIT (8)(h)(ii)
FIRST AMENDMENT
TO
PARTICIPATION AGREEMENT
AMONG
THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK,
AMERICAN GENERAL SECURITIES INCORPORATED,
SAFECO RESOURCE SERIES TRUST, AND
SAFECO SECURITIES, INC.
THIS FIRST AMENDMENT TO PARTICIPATION AGREEMENT (Amendment") dated as of
_________________, amends the Participation Agreement dated as of August 23,
1999 (the "Agreement") among THE UNITED STATES LIFE INSURANCE COMPANY IN THE
CITY OF NEW YORK (AUSL") on its own behalf and on behalf of each separate
account of USL (each a "Separate Account") set forth on Schedule A of the
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Agreement attached hereto and incorporated herein (as same may be amended from
time to time) ("Schedule A"), AMERICAN GENERAL SECURITIES INCORPORATED ("AGSI"),
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SAFECO RESOURCE SERIES TRUST (the "Fund") and SAFECO SECURITIES, INC. (the
"Distributor"), (collectively, the "Parties"). All capitalized terms not
otherwise defined in this Amendment, shall have the same meaning as ascribed in
the Agreement.
WITNESSETH THAT:
WHEREAS, the Parties desire to amend the Agreement to add to Schedule A of the
Agreement the ontracts of the Company relating to the Company's Platinum
Investor Survivor Flexible Premium Life Insurance Policies ("Platinum Investor
Survivor Policies");
NOW, THEREFORE, in consideration of the mutual benefits and promises contained
herein, the parties agree as follows:
1. The Agreement shall be amended to add the Platinum Investor Survivor Policies
to Schedule A in the form attached hereto and incorporated herein.
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2. Except as amended hereby, the Agreement and all subsequent Amendments to the
Agreement dated as of August 23, 1999 are hereby ratified in all respects.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed
in its name and on its behalf by its duly authorized representative hereto as of
the date specified above.
THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, on behalf of
itself and each of its Separate Accounts named in Schedule A hereto, as amended
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from time to time.
By:____________________________
AMERICAN GENERAL SECURITIES INCORPORATED
By:____________________________
SAFECO RESOURCE SERIES TRUST
By:____________________________
SAFECO SECURITIES, INC.
By:____________________________
SCHEDULE A
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SEPARATE ACCOUNTS AND POLICIES
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(As of __________________)
Name of Separate Accounts and Registration Numbers and Names of
Date Established by Board of Directors Policies Funded by Separate Accounts
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Registration Nos. Name of Contract
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(if available)
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1. The United States Life Insurance 333-79471 Platinum Investor
Company in the City of New York 811-09359 Variable Life
Separate Account USL VL-R Insurance Policy
Established: August 8, 1997 Contract Form
97600N)
333-57026 Platinum Investor Survivor
811-08561 Flexible Premium
Life Insurance Policy
(Contract Form No. 99206N)