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Pacific Select Exec Separate Acct Pacific Life Ins, et al. – ‘485BPOS’ on 9/16/10

On:  Thursday, 9/16/10, at 6:43pm ET   ·   As of:  9/17/10   ·   Effective:  9/20/10   ·   Accession #:  950123-10-86785   ·   File #s:  811-05563, 333-152224

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 9/17/10  Pacific Select Exec Sep Acct… Ins 485BPOS     9/20/10    6:408K                                   RR Donnelley/FAPacific Select Exec Separate Account of Pacific Life (811-05563) M’s Versatile Product VIIM’s Versatile Product VIII

Post-Effective Amendment
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 485BPOS     Post-Effective Amendment                            HTML    130K 
 2: EX-99.(8)(CC)  Exhibit (8)(Cc)                                  HTML     75K 
 3: EX-99.(8)(DD)  Exhibit (8)(Dd)                                  HTML     15K 
 4: EX-99.(8)(EE)  Exhibit (8)(Ee)                                  HTML     25K 
 5: EX-99.(8)(FF)  Exhibit (8)(Ff)                                  HTML    106K 
 6: EX-99.(8)(GG)  Exhibit (8)(Gg)                                  HTML     25K 


485BPOS   —   Post-Effective Amendment


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  e485bpos  

 
 
As filed with the Securities and Exchange Commission on September 17, 2010
Registration Nos.

333-152224
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.   o
Post-Effective Amendment No. 10   x
and/or
     
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940   x
Amendment No. 281   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) 219-7286
(Depository’s Telephone Number, including Area Code)

Charlene Grant
Assistant Vice President
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    
þ   on September 20, 2010 pursuant 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.    
 
Title of Securities being registered: interests in the Separate Account under M's Versatile Product VII and M's Versatile Product VIII Flexible Premium Variable Life Insurance Policies.
 
Filing fee: None
 
 


 

PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
(Included in Post-Effective Amendment No. 9 to the Registrant’s Registration Statement on Form N-6, File No. 333-152224, Accession No. 0000950123-10-038296, as filed on April 26, 2010, and incorporated by reference herein.)



 

Supplement dated September 20, 2010 to the Prospectus dated May 1, 2010
Pacific Select Exec, Pacific Select Choice, Pacific Select Exec II, Pacific Select Exec III,
Pacific Select Exec IV, Pacific Select Exec V, Pacific Select Accumulator, Pacific Select Performer 500,
M’s Versatile Product, M’s Versatile Product VI, M’s Versatile Product VII,
and M’s Versatile Product VIII flexible premium variable life insurance policies,
and Pacific Select Estate Preserver, Pacific Select Estate Preserver II, Pacific Select Estate Preserver III,
Pacific Select Estate Preserver IV, Pacific Select Estate Preserver V, Pacific Select Estate Preserver VI,
M’s Versatile Product-Survivorship and M’s Versatile Product-Survivorship II last survivor
flexible premium variable life insurance policies, and Pacific Select Estate Maximizer modified
single premium variable life insurance policy issued by Pacific Life Insurance Company
 
Capitalized terms used in this supplement are defined in the Prospectus referred to above unless otherwise defined herein. “We,” “us,” or “our” refer to Pacific Life Insurance Company; “you” or “your” refer to the policyholder or Owner.
 
This supplement must be preceded or accompanied by the Prospectus dated May 1, 2010, as supplemented.
 
Reorganization of the Equity and Multi-Strategy Portfolios
 
The reorganization will take effect on or about October 29, 2010 (the “reorganization date”). The following transactions (the “reorganization”), are scheduled to occur:
 
  •  Equity Portfolio shares will be transferred to the Main Street® Core Portfolio, and
 
  •  Multi-Strategy Portfolio shares will be transferred approximately 55% to the Main Street® Core Portfolio and approximately 45% to the Managed Bond Portfolio.
 
At the same time that the reorganization occurs, Subaccount Units of the Equity and Multi-Strategy Variable Accounts will automatically be transferred as outlined above. After the reorganization, the Equity and Multi-Strategy Portfolios and Variable Accounts will cease to exist.
 
On the reorganization date, unless you instruct us otherwise, any outstanding instruction you have on file with us that designates: (1) the Equity Investment Option will be deemed an instruction for the Main Street Core Investment Option; and/or (2) the Multi-Strategy Investment Option will be deemed an instruction for the Main Street Core (55%) and Managed Bond (45%) Investment Options. This includes, but is not limited to, instructions for premium payment allocations, policy loan repayments, policy loans, partial withdrawals and transfer instructions (including instructions under any automatic transfer service). Work with your insurance professional to determine if your existing instructions regarding the affected Investment Options should be changed before or after the reorganization date.
 
You will have 30 calendar days before and 30 calendar days after the reorganization date (the “free transfer period”) to transfer out of the affected portfolios. On any Business Day during the free transfer period, you may make one transfer out of the Equity and/or Multi-Strategy Investment Options before the reorganization date or, if your Variable Account accumulation units were automatically transferred due to the reorganization, one transfer out of the Main Street Core and/or Managed Bond Investment Option without the transfer counting towards the transfer limitations described in your prospectus (including any systematic transfers). However, any Investment Option into which you make your transfer will be subject to the transfer limitations described in your prospectus.
 
Portfolio Manager Change
 
On or about January 1, 2011, the portfolio manager for the Pacific Select Fund International Value portfolio will change from AllianceBernstein L.P. to J.P. Morgan Investment Management Inc.



 

PACIFIC SELECT EXEC SEPARATE ACCOUNT
PART C: OTHER INFORMATION
Item 26. Exhibits
             
(1)
  (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, 1993.1    
 
           
 
  (b)   Resolution of the Board of Directors of Pacific Life Insurance Company authorizing conformity to the terms of the current Bylaws.1    
 
           
(2)   Inapplicable    
 
           
(3)
  (a)   Distribution Agreement Between Pacific Life Insurance Company and Pacific Mutual Distributors, Inc. (formerly known as Pacific Equities Network)1    
 
           
 
  (b)   Form of Selling Agreement Between Pacific Mutual Distributors, Inc. and Various Broker-Dealers1    
 
           
 
  (c)   Distribution Agreement Between Pacific Select Distributors, Inc. and T. Rowe Price Investment Services, Inc.3    
 
           
(4)
  (a)   Flexible Premium Variable Life Insurance Policy15    
 
           
 
  (b)   Accelerated Living Benefit Rider (form R92-ABR)1    
 
           
 
  (c)   Spouse Term Rider (form R08RTA)11    
 
           
 
  (d)   Children’s Term Rider (form R84-CT)1    
 
           
 
  (e)   Accidental Death Benefit (form R84-AD)1    
 
           
 
  (f)   Disability Benefit Rider (form R84-DB)1    
 
           
 
  (g)   Waiver of Charges (form R08WC)11    
 
           
 
  (h)   Guaranteed Insurability Rider (form R84-GI)1    
 
           
 
  (i)   Annual Renewable Term Rider (form R08RTP)11    
 
           
 
  (j)   Surrender Value Enhancement Rider — Individual (form R08SEI)11    
 
           
 
  (k)   Surrender Value Enhancement Rider — Trust/Executive Benefit (form R08SET)11    
 
           
 
  (l)   Short Term No Lapse Guarantee Rider (form R04PNL)9    
 
           
 
  (m)   Overloan Protection Rider (form R08OLP)11    
 
           
 
  (n)   Minimum Earnings Benefit Rider (form R06MEB)10    
 
           
 
  (o)   SVER Term Insurance Rider (form R09SVERI)13    
 
           
 
  (p)   SVER Term Insurance Rider — Trust/Executive Benefit (form R09SVERT)13    
 
           
 
  (r)   Indexed Fixed Account Rider (form R09IAR)15    
 
           
(5)   Application for Flexible Premium Variable Life Insurance Policy & General Questionnaire11
 
           
(6)
  (a)   Bylaws of Pacific Life Insurance Company1    
 
           
 
  (b)   Articles of Incorporation of Pacific Life Insurance Company1    
 
           
 
  (c)   Restated Articles of Incorporation of Pacific Life Insurance Company4    
 
           
 
  (d)   Bylaws of Pacific Life Insurance Company As Amended Effective September 1, 20054    

 



 

             
(7)   Form of Reinsurance Contract1
             
(8)
  (a)   Participation Agreement between Pacific Life Insurance Company and Pacific Select Fund1    
             
    (b)   Participation Agreement with Variable Insurance Products Fund, Variable Insurance Products Fund II and Variable Insurance Products Fund III2    
             
    (c)   Service Contract with Fidelity Distributors Corporation2    
             
    (d)   Participation Agreement with Merrill Lynch Variable Series Fund, Inc.3    
             
    (e)   Administrative Services Agreement with FAM Distributors, Inc.2    
             
    (f)   Participation Agreement with T. Rowe Price Equity Series, Inc.3    
             
    (g)   Administrative Services Agreement with T. Rowe Price Associates, Inc.3    
             
    (h)   Participation Agreement with Van Eck Worldwide Insurance Trust3    
             
    (i)   Service Agreement with Van Eck Securities Corporation2    
             
    (j)   Participation Agreement between Pacific Life, PSD, American Funds Insurance Series, American Funds Distributors and Capital Research And Management Company3    
             
    (k)   Participation Agreement with Janus Aspen Series5    
             
    (l)   Distribution and Shareholder Service Agreement with Janus Capital Management LLC5    
             
    (m)   Administrative Services Agreement with Janus Distributors LLC5    
             
    (n)   Participation Agreement with Lazard Retirement Series, Inc.5    
             
    (o)   Service Agreement with Lazard Asset Management Securities LLC5    
             
    (p)   Participation Agreement with Legg Mason Partners III5    
             
    (q)   Service Agreement with Legg Mason Investor Services, LLC5    
             
    (r)   Participation Agreement with MFS Variable Insurance Trust5    
             
    (s)   Service Agreement with Massachusetts Financial Services Company5    
             
    (t)   Participation Agreement with GE Investments Funds, Inc.16    
             
    (u)   Service Agreement with GE Investments Funds, Inc.16    
             
    (v)   Participation Agreement with Franklin Templeton Variable Insurance Products Trust16    
 
        (1) First Amendment to Participation Agreement16    
             
    (w)   Administrative Services Agreement with Franklin Templeton Services, LLC16    
 
        (1) First Amendment to Administrative Services Agreement16    
             
    (x)   Form of Amendment to Fidelity Distributors Corporation Participation Agreement6    
             
    (y)   Form of Amendment to Fidelity Investments Institutional Operations Company, Inc. Service Agreement7    
             
    (z)   Form of Amendment to Fidelity Distributors Corporation Service Contract8    
             
    (aa)   Participation Agreement between Pacific Life Insurance Company, Pacific Life & Annuity and M Fund12    
             
    (bb)   Distribution and Services Agreement (Amended and Restated) with GE Investment Distributors, Inc.16    
             
    (cc)   Lord Abbett Series Fund, Inc. Fund Participation Agreement    
             
    (dd)   Lord Abbett Series Fund, Inc. Service Agreement    
             
    (ee)   Lord Abbett Series Fund, Inc. Administrative Services Agreement    
             
    (ff)   Royce Fund Services, Inc. Fund Participation Agreement    
             
    (gg)   Royce Fund Services, Inc. Service Agreement    
             
(9)   Inapplicable    
             
(10)   Inapplicable    
             
(11)   Opinion and consent of legal officer of Pacific Life as to legality of Policies being registered12    
             
(12)   Inapplicable    
             
(13)   Inapplicable    
             
(14)   a)   Consent of Registered Public Accounting Firm16    
             
    b)   Consent of Independent Auditors16    
             
(15)   Inapplicable    
             
(16)   Inapplicable    
             
(17)   Memorandum Describing Issuance, Transfer and Redemption Procedures15
             
(18)   Power of Attorney14    
 
     
1
  Filed as part of Registration Statement on Form N-6 via EDGAR on September 10, 2004, File No. 333-118913, Accession Number 0000892569-04-000869.
     
2
  Filed as part of Post-Effective Amendment No. 2 to the Registration Statement on Form N-6 via EDGAR on February 10, 2005, File No. 333-118913, Accession Number 0000892569-05-000054.
     
3
  Filed as part of Post-Effective Amendment No. 34 to the Registration Statement on Form N-6 via EDGAR on April 19, 2005, File No. 033-21754, Accession Number 0000892569-05-000254.
     
4
  Filed as part of Post-Effective Amendment No. 5 to the Registration Statement on Form N-6 via EDGAR on December 6, 2005, File No. 333-118913, Accession Number 0000892569-05-001150.
     
5
  Filed as part of Post-Effective Amendment No. 9 to the Registration Statement on Form N-6 via EDGAR on April 16, 2007, File No. 333-118913, Accession Number 000892569-07-000444.
     
6
  Filed as Exhibit 8(y) as part of Post-Effective Amendment No. 11 to the Registration Statement on Form N-6 via EDGAR on September 28, 2007, File No. 333-118913, Accession Number 0000892569-07-001219.
     
7
  Filed as Exhibit 8(z) as part of Post-Effective Amendment No. 11 to the Registration Statement on Form N-6 via EDGAR on September 28, 2007, File No. 333-118913, Accession Number 0000892569-07-001219.
     
8
  Filed as Exhibit 8(aa) as part of Post-Effective Amendment No. 11 to the Registration Statement on Form N-6 via EDGAR on September 28, 2007, File No. 333-118913, Accession Number 0000892569-07-001219.
     
9
  Filed as Exhibit 4(q) as part of Post-Effective Amendment No. 21 to the Registration Statement on Form N-6 via EDGAR on March 1, 2004, File No. 333-60461, Accession Number 0001193125-04-032150.
     
10
  Filed as Exhibit 4(x) as part of Post-Effective Amendment No. 28 to the Registration Statement on Form N-6 via EDGAR on December 23, 2007, File No. 333-60461, Accession Number 0000892569-05-001357.
 
11
  Filed as part of the Registration Statement on Form N-6 via EDGAR on April 4, 2008, File No. 333 - 150092, Accession Number 0000892569-08-000513.
 
12
  Filed as part of the Registration Statement on Form N-6 via EDGAR on July 9, 2008, File No. 333-152224, Accession Number 0000892569-08-000978.
 
13
  Filed as part of the Registration Statement on Form N-6 via EDGAR on February 13, 2009, File No. 333-152224, Accession Number 0000892569-09-000079.
 
14
  Filed as part of Post-Effective Amendment No. 4 to the Registration Statement on Form N-6 via EDGAR on April 22, 2009, File No. 333-152224, Accession Number 0000892569-09-000468.
     
15
  Filed as part of Post-Effective Amendment No. 7 to the Registration Statement on Form N-6 via EDGAR on January 29, 2010, File No. 333-152224, Accession Number 0000950123-10-006280.
 
16
  Filed as part of Post-Effective Amendment No. 9 to the Registration Statement on Form N-6 via EDGAR on April 26, 2010, File No. 333-152224, Accession Number 0000950123-10-038296.

 



 

Item 27. Directors and Officers of Pacific Life
     
Name and Address   Positions and Offices with Pacific Life

 
James T. Morris   Director, Chairman, President and Chief Executive Officer
Khanh T. Tran   Director, Executive Vice President and Chief Financial Officer
Sharon A. Cheever   Director, Senior Vice President and General Counsel
Audrey L. Milfs   Director, Vice President and Secretary
Michael A. Bell
  Executive Vice President
Edward R. Byrd   Senior Vice President and Chief Accounting Officer
Denis P. Kalscheur   Senior Vice President and Treasurer
Brian D. Klemens   Vice President and Controller


The address for each of the persons listed above is as follows:

700 Newport Center Drive
Newport Beach, California 92660

Item 28. Persons Controlled by or Under Common Control with Pacific Life Insurance Company (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     Percentage of  
    Incorporation or     Ownership by its  
    Organization     Immediate Parent  
Pacific Mutual Holding Company
  Nebraska        
Pacific LifeCorp
  Delaware     100  
Pacific Life Insurance Company
  Nebraska     100  
Pacific Life & Annuity Company
  Arizona     100  
Pacific Select Distributors, Inc.
  California     100  
Pacific Select, LLC
  Delaware     100  
Pacific Asset Holding LLC
  Delaware     100  
Pacific TriGuard Partners LLC #
  Delaware     100  
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  
CW Atlanta, LLC
  Delaware     100  
City Walk Towers, LLC
  Delaware     100  
Kierland One, LLC
  Delaware     100  
Kinzie Member, LLC
  Delaware     100  
Parcel B Owner LLC
  Delaware     88  
Kinzie Parcel A Member, LLC
  Delaware     100  
Parcel A Owner LLC
  Delaware     90  
PL/KBS Fund Member, LLC
  Delaware     100  
KBS/PL Properties, L.P. #
  Delaware     99.9  
Wildflower Member, LLC
  Delaware     100  
Epoch-Wildflower, LLC
  Florida     99  
Confederation Life Insurance and Annuity Company
  Georgia     100  
Pacific Life Fund Advisors LLC +
  Delaware     100  
Pacific Alliance Reinsurance Company of Vermont
  Vermont     100  
Pacific Mezzanine Associates L.L.C.
  Delaware     67  
Pacific Mezzanine Investors L.L.C. #
  Delaware     100  
Aviation Capital Group Corp.
  Delaware     100  
ACG Acquisition Corporation V
  Delaware     100  
ACG Acquisition 41 LLC
  Delaware     100  
ACG Acquisition 42 LLC
  Delaware     100  
ACG Acquisition 4063 LLC
  Delaware     100  
ACG Acquisition 4084 LLC
  Delaware     100  
ACG Acquisition 29677 LLC
  Delaware     100  
ACG International Ltd.
  Bermuda     100  
ACG Acquisition Ireland III Limited
  Ireland     100  
ACG Acquisition Ireland IV Ltd.
  Ireland     100  
ACG Acquisition Ireland V Ltd.
  Ireland     100  
ACG Investment Capital Partners LLC
  Delaware     50  
ACG Acquisition VI LLC
  Nevada     50  
ACG Acquisition XIX LLC
  Delaware     20  
ACG XIX Holding LLC
  Delaware     100  
Aviation Capital Group Trust
  Delaware     100  
ACG Acquisition XV LLC
  Delaware     100  
ACG Acquisition XX LLC
  Delaware     100  
ACG Acquisition Ireland Limited
  Ireland     100  
ACG Acquisition Labuan Ltd.
  Labuan     100  
ACG Acquisitions Sweden AB
  Sweden     100  
ACG Acquisition (Bermuda) Ltd.
  Bermuda     100  
ACG Acquisition XXI LLC
  Delaware     100  
ACG Trust 2004 -1 Holding LLC
  Delaware     100  
ACG Funding Trust 2004-1
  Delaware     100  
ACG 2004-1 Bermuda Limited
  Bermuda     100  
ACG Acquisition 30746 LLC
  Delaware     100  
ACG Acquisition Ireland 2004-1 Limited
  Ireland     100  
ACG Trust II Holding LLC
  Delaware     100  
Aviation Capital Group Trust II
  Delaware     100  
ACG Acquisition XXV LLC
  Delaware     100  
ACG Acquisition 37 LLC
  Delaware     100  
ACG Acquisition 38 LLC
  Delaware     100  
ACG Acquisition Ireland II Limited
  Ireland     100  
ACG Acquisition (Bermuda) II Ltd.
  Bermuda     100  
ACG Acquisition XXIX LLC
  Delaware     100  
ACG Acquisition XXX LLC
  Delaware     100  
ACG Acquisition 31 LLC
  Delaware     100  
ACG Acquisition 32 LLC
  Delaware     100  
ACG Acquisition 33 LLC
  Delaware     100  
ACG Acquisition 34 LLC
  Delaware     100  
ACG Acquisition 36 LLC
  Delaware     100  
ACG Acquisition 39 LLC
  Delaware     100  
ACGFS LLC
  Delaware     100  
ACG Acquisition 35 LLC
  Delaware     100  
Boullioun Aviation Services Inc.
  Washington     100  
Boullioun Aviation Services (International) Inc.
  Washington     100  
Boullioun Aircraft Holding Company, Inc.
  Washington     100  
Boullioun Portfolio Finance III LLC
  Nevada     100  
ACG Funding 2005-1 Holding LLC
  Delaware     100  
ACG Funding Trust 2005-1
  Delaware     100  
ACG III Holding LLC
  Delaware     100  
ACG Trust III
  Delaware     100  
RAIN I LLC
  Delaware     100  
RAIN II LLC
  Delaware     100  
RAIN III LLC
  Delaware     100  
RAIN IV LLC
  Delaware     100  
RAIN V LLC
  Delaware     100  
RAIN VI LLC
  Delaware     100  
RAIN VII LLC
  Delaware     100  
RAIN VIII LLC
  Delaware     100  
ACG Acquisition 30271 LLC
  Delaware     100  
ACG Acquisition 30286 LLC
  Delaware     100  
ACG Acquisition 30744 LLC
  Delaware     100  
ACG Acquisition 30745 LLC
  Delaware     100  
ACG Acquisition 30289 LLC
  Delaware     100  
ACG Acquisition 30293 LLC
  Delaware     100  
ACG Acquisition 1176 LLC
  Delaware     100  
0168 Statutory Trust
  Connecticut     100  
0179 Statutory Trust
  Connecticut     100  
Bellevue Aircraft Leasing Limited
  Ireland     100  
Rainier Aircraft Leasing (Ireland) Limited
  Ireland     100  
ACG Acquisition (Cyprus) Ltd.
  Cyprus     100  
ACG Acquisition (Bermuda) III Ltd.
  Bermuda     100  
ACG 2006-ECA LLC
  Delaware     100  
ACG Acquisition 2692 LLC
  Delaware     100  
ACG ECA-2006 Ireland Limited
  Ireland     100  
ACG Acquisition 2987 LLC
  Delaware     100  
ACG Acquisition 3141 LLC
  Delaware     100  
ACG Acquisition Aruba NV
  Aruba     100  
ACG Trust 2006-1 Holding LLC
  Delaware     100  
ACG Funding Trust 2006-1
  Delaware     100  
ACG Capital Partners LLC
  Delaware     50  
Bellevue Coastal Leasing LLC
  Washington     100  
ACG Capital Partners Ireland Limited
  Ireland     100  
ACG Acquisition 30288 LLC
  Delaware     100  
ACGCP Acquisition 979 LLC
  Delaware     100  
ACG Trust 2009-1 Holding LLC
  Delaware     100  
ACG Funding Trust 2009-1
  Delaware     100  
College Savings Bank
  New Jersey     100  
Pacific Asset Funding, LLC
  Delaware     100  
PL Trading Company, LLC
  Delaware     100  
Pacific Life Trade Services, Limited
  Hong Kong     100  
Pacific Life & Annuity Services, Inc.
  Colorado     100  
Bella Sera Holdings, LLC
  Delaware     100  
Pacific Life Re Holdings LLC
  Delaware     100  
Pacific Life Re Holdings Limited
  U.K.     100  
Pacific Life Re Services Limited
  U.K.     100  
Pacific Life Re Limited
  U.K.     100  
Pacific Alliance Reinsurance Ltd.
  Bermuda     100  
 
#   Abbreviated structure
 
+   A Division of Pacific Life Fund Advisors LLC does business as Pacific Asset Management

 



 

Item 29. Indemnification

(a)   The Distribution Agreement between Pacific Life and Pacific Select Distributors, Inc. (PSD) provides substantially as follows:

Pacific Life hereby agrees to indemnify and hold harmless PSD and its officers and directors, and employees for any expenses (including legal expenses), losses, claims, damages, or liabilities incurred by reason of any untrue or alleged untrue statement or representation of a material fact or any omission or alleged omission to state a material fact required to be stated to make other statements not misleading, if made in reliance on any prospectus, registration statement, post-effective amendment thereof, or sales materials supplied or approved by Pacific Life or the Separate Account. Pacific Life shall reimburse each such person for any legal or other expenses reasonably incurred in connection with investigating or defending any such loss, liability, damage, or claim. However, in no case shall Pacific Life be required to indemnify for any expenses, losses, claims, damages, or liabilities which have resulted from the willful misfeasance, bad faith, negligence, misconduct, or wrongful act of PSD.
 
    PSD hereby agrees to indemnify and hold harmless Pacific Life, its officers, directors, and employees, and the Separate Account for any expenses, losses, claims, damages, or liabilities arising out of or based upon any of the following in connection with the offer or sale of the contracts: (1) except for such statements made in reliance on any prospectus, registration statement or sales material supplied or approved by Pacific Life or the Separate Account, any untrue or alleged untrue statement or representation is made; (2) any failure to deliver a currently effective prospectus; (3) the use of any unauthorized sales literature by any officer, employee or agent of PSD or Broker; (4) any willful misfeasance, bad faith, negligence, misconduct or wrongful act. PSD shall reimburse each such person for any legal or other expenses reasonably incurred in connection with investigating or defending any such loss, liability, damage, or claim.
 
(b)   The Form of Selling Agreement between Pacific Life, Pacific Select Distributors, Inc. (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.

 



 

Item 30. Principal Underwriters

(a)   PSD also acts as principal underwriter for Pacific Select Variable Annuity Separate Account, Separate Account A, Separate Account B, Pacific Corinthian Variable Separate Account, Pacific Select Separate Account, Pacific Select Exec Separate Account, COLI Separate Account, COLI II Separate Account, COLI III Separate Account, COLI IV Separate Account, COLI V Separate Account, Separate Account A of Pacific Life & Annuity Company, Pacific Select Exec Separate Account of Pacific Life & Annuity Company, Separate Account I of Pacific Life Insurance Company, Separate Account I of Pacific Life & Annuity Company.
 
(b)   For information regarding PSD, reference is made to Form B-D, SEC File No. 8-15264, which is herein incorporated by reference.

(c)   PSD retains no compensation or net discounts or commissions from the Registrant.

Item 31. 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 32. Management Services

Not applicable

Item 33. 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. 10 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 September 17, 2010.

         
    PACIFIC SELECT EXEC SEPARATE ACCOUNT
    (Registrant)
         
    BY:   PACIFIC LIFE INSURANCE COMPANY
         
    BY:    
       
        James T. Morris*
        Director, Chairman, President and Chief Executive Officer
         
    BY:   PACIFIC LIFE INSURANCE COMPANY
        (Depositor)
         
    BY:    
       
        James T. Morris*
        Director, Chairman, President and Chief Executive Officer

     Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 10 to the Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:

             
Signature   Title   Date

 
 
 
James T. Morris*
 
Director, Chairman, President
and Chief Executive Officer
   
September 17, 2010
 
             
 
Khanh T. Tran*
 
Director, Executive Vice
President and Chief Financial Officer
   
September 17, 2010
 
             
 
Sharon A. Cheever*
 
Director, Senior Vice President
and General Counsel
   
September 17, 2010
 
             
 
Audrey L. Milfs*
 
Director, Vice President and
Secretary
   
September 17, 2010
 
             
 
Michael A. Bell*
 
Executive Vice President
   
September 17, 2010
 
             
 
Edward R. Byrd*
 
Senior Vice President and
Chief Accounting Officer
   
September 17, 2010
 
             
 
Denis P. Kalscheur*
 
Senior Vice President and Treasurer
   
September 17, 2010
 
             
 
Brian D. Klemens*
 
Vice President and Controller
   
September 17, 2010
 
         
*By:   /s/ SHARON A. CHEEVER   September 17, 2010
   
   
    Sharon A. Cheever    
    as attorney-in-fact    

     (Power of Attorney is contained as Exhibit 18 in Post-Effective Amendment No. 4 to the Registration Statement on Form N-6 for the Pacific Select Exec Separate Account, filed on April 22, 2009, File No. 333-152224, Accession Number 0000892569-09-000468, and incorporated by reference herein.)

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘485BPOS’ Filing    Date    Other Filings
1/1/11
10/29/10
Effective on:9/20/10485BPOS
Filed as of:9/17/10485BPOS
Filed on:9/16/10485BPOS
5/1/10485BPOS
4/26/10485BPOS
1/29/10485APOS
4/22/09485BPOS
2/13/09485APOS
7/9/08N-6
4/4/08N-6
12/23/07
9/28/07485BPOS
4/16/07485BPOS
12/23/05485APOS
12/6/05485BPOS
9/1/05
4/19/05485BPOS
2/10/05485BPOS
9/10/04N-6
3/1/04485APOS,  NSAR-U
1/26/93
 List all Filings 


12 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/18/24  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/24   12:10M                                    Toppan Merrill/FA
 4/18/24  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/24   12:9.6M                                   Toppan Merrill/FA
 4/18/24  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/24    3:8.3M                                   Toppan Merrill/FA
 4/20/23  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/23   11:9.9M                                   Toppan Merrill/FA
 4/20/23  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/23   11:9.5M                                   Toppan Merrill/FA
 4/20/23  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/23    2:8M                                     Toppan Merrill/FA
 4/21/22  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/22    3:17M                                    Toppan Merrill/FA
 4/21/22  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/22    3:17M                                    Toppan Merrill/FA
 4/21/22  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/22    3:67M                                    Toppan Merrill/FA
 4/23/21  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/21    4:61M                                    Toppan Merrill/FA
 4/22/21  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/21    4:15M                                    Toppan Merrill/FA
 4/22/21  Pacific Select Exec Sep Acct… Ins 485BPOS     5/01/21    4:15M                                    Toppan Merrill/FA
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