8-K 1 0001.txt SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 25, 2001 FIRST FORTIS LIFE INSURANCE COMPANY (Exact Name of Registrant as Specified in Charter) Minnesota 33-71690 113-2699219 (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 308 Maltbie Street, Suite 200 - Syracuse, NY 13204 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (315) 451-0066 (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. On January 25, 2001, Fortis, Inc. agreed to sell (the "Sale") its Fortis Financial Group division (the "Division") to the Hartford Financial Services Group, Inc. ("The Hartford"). The Division includes, among other blocks of business, certain individual life insurance policies (including variable universal life policies) and all annuity contracts (collectively, the "Insurance Contracts") written by First Fortis Life Insurance Company (the "Company"). Certain of the Insurance Contracts permit investment in, among other investment options, various series of the Fortis Series Fund (the "Fund"). To effect the Sale as it relates to the Company, Hartford Life Insurance Company, an indirect wholly owned subsidiary of The Hartford, will reinsure the Insurance Contracts on a 100% coinsurance basis and perform administration of such Insurance Contracts. In addition, Hartford Life and Accident Insurance Company, another indirect wholly owned subsidiary of The Hartford, will purchase all of the outstanding stock of Fortis Advisers, Inc., which is the investment adviser for the Fund. Thus, upon completion of the Sale, Hartford Life and Accident Insurance Company will own and control Fortis Advisers, Inc. and its subsidiaries, including Fortis Investors, Inc., which is the principal distributor of the Fund. Consummation of the Sale is subject to various regulatory and other approvals. Following the Sale, the Fund expects to enter into new investment advisory, subadvisory and distribution agreements with affiliates of The Hartford. Such new agreements will require approvals subsequent to the closing of the Sale by the Fund's board of directors and shareholders and by Insurance Contract holders to the extent required by law. SIGNATURES Pursuant to the requirements of the Securities Exchange act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST FORTIS LIFE INSURANCE COMPANY By: /s/ Larry M. Cains Larry M. Cains Treasurer (Principal Accounting and Principal Financial Officer) Dated: February 5, 2001 Form8-K-FFL