Form 40-17G FIRST INVESTORS EQUITY – StreetInsider.com

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Foresters Investment Management Company, Inc.                               
T 212-858-8144

40 Wall Street, 10th Floor                                                                        
T 732-510-4345

New York, NY 10005                                                                                 
F 212-858-8119

USA                                                                                                            
foresters.com  

March 15, 2019

 

VIA EDGAR

Securities and Exchange Commission

450 5th Street

Judiciary Plaza

Washington, D.C. 20549

 

Gentlemen:

 

In accordance with the provisions of Section 17(g) of the
Investment Company Act of 1940 and Rule 17g-1 promulgated thereunder, enclosed
are the following documents covering our Joint Fidelity Bond with ICI Mutual
Insurance Company.

1

1. Copy of the Investment Company Blanket Bond
(Fidelity Bond) from

                                            
ICI Mutual Insurance Company, covering the period January 12, 2019 to January
12, 2020.

                                       
2. “Insurance Agreement Among Insureds” as required by Rule 17g-1(f).


3. Copy of the Resolutions that were approved by all
the Trustees at

                                            
the Trustees’ Meeting held on November 15, 2018 including a majority of those
who are not “interested persons,” regarding the amount, type, form and coverage
of the Fidelity Bond.


4. Statement indicating the amount of the single
insured bond which

                                            
is required of each registered investment company as of September 30, 2018.


5. Statement as to the period for which premiums have
been paid.

 

1

The ICI Mutual Joint Fidelity Bond provides $15,000,000 of
our $20,000,000 of joint fidelity bond coverage.  A joint fidelity bond
issued by Travelers Casualty and Surety Company of America provides the first
$5,000.000 of coverage.

 

Foresters Financial

TM
and Foresters

TM are trade
names and trademarks of The Independent Order of Foresters (a fraternal benefit
society) and its subsidiaries, including Foresters Investment Management
Company, Inc.

 

 

Securities and Exchange Commission                                                                                                
March 15, 2019

 

-2-

 

These documents are being filed on behalf of:

 

First Investors Equity Funds

(Covered Call Strategy, Equity Income, Global, Growth &
Income, Hedged U.S. Equity Opportunities, International, Opportunity, Premium
Income, Select Growth, Special Situations and Total Return)

First Investors Income Funds

(Floating Rate, Fund For Income, Government Cash
Management, International Opportunities Bond, Investment Grade, Limited
Duration Bond and Strategic Income)

First Investors Life Series Funds

(Covered Call Strategy, Equity Income, Fund For Income,
Government Cash Management, Growth & Income, International, Investment Grade,
Limited Duration Bond, Opportunity, Select Growth, Special Situations and
Total Return)

First Investors Tax Exempt Funds

(Tax Exempt Income, Tax Exempt Opportunities, California
Tax Exempt,
New Jersey Tax Exempt, New York Tax Exempt, and Oregon Tax Exempt)

                                                                                                                                                               
Very truly yours,

 

 

                                                                                                                                                               
/s/ Scott Richardson

                                                                                                                                                               
Scott Richardson

                                                                                                                                                               
Secretary

                                                                                                                                                               
First Investors Funds

 

 

 

 

 

 

 

 

 

 

 


Resolutions – Board Meeting

November 18, 2018

FURTHER RESOLVED, that, with due consideration of all
relevant factors, it is the determination of the Trustees, including a
majority of the Independent Trustees, that each fund’s participation in the IDL Policies is in the best interests of the fund and that the renewals of
the IDL Policies, as presented to the Board, be and hereby are approved by
the Board; and it was

FURTHER RESOLVED, that, with due consideration of all
relevant factors, it is the determination of the Trustees, including a
majority of the Independent Trustees, that the proposed allocations of the
premiums for the IDL Policies, as presented to the Board, are fair and
reasonable to each fund in light of the amount of the premium that each
insured would pay if it purchased and maintained a single IDL policy; and it
was

FURTHER RESOLVED, that the Officers of the funds are
hereby authorized to execute on behalf of the funds the Joint Fidelity
Bonds, the Joint D&O/E&O Policies and the IDL Policies, as well as the
Agreement among the jointly insured parties regarding the allocation of
premiums for and the share of recovery from the Joint Fidelity Bonds as
required by Rule 17g-l(f) under the 1940 Act; and it was

FURTHER RESOLVED, that FIMCO is hereby directed to:

1.  File with the SEC within 10 days after receipt of an executed
copy of each Joint Fidelity Bond, or amendment thereof, (i) a copy of the
Bond, (ii) a copy of each resolution of the Board, including a majority of
Board members who are not “interested persons,” approving the amount,
type, form, coverage of each such Bond and the portion of the premium to
be paid by each fund, (iii) a statement showing the amount of a single
insured bond which each fund would have provided and maintained had it not
been named as an insured under a Joint Fidelity Bond, (iv) a statement as
to the period for which the premiums for such Bond have been paid, (v) a
copy of each agreement between the funds and all other named insureds
entered into pursuant to Rule 17g-l(f) under the 1940 Act, and (vi) a copy
of any amendment to such agreement within 10 days after the execution of
such amendment;

2.  File with the SEC, in writing, within five days after the
making of a claim under a Joint Fidelity Bond by the fund, a statement of
the nature and amount of claim thereof;

3.  File with the SEC, within five days of the receipt thereof, a
copy of the terms of the settlement of any claim made under a Joint
Fidelity Bond by the fund; and

4.  Notify by registered mail each member of the Board at his or
her last known residence of (i) any cancellation, termination or
modification of the Joint Fidelity Bond not less than 45 days prior to the
effective date of the cancellation, termination or modification, (ii) the
filing and the settlement of any claim under the bond by the fund at the
time the filings required under clauses 2 and 3 above are made, and (iii)
the filing and proposed terms of settlement of any claim under a Bond by
any other named insured within five days of the receipt of a notice from
the fidelity insurance company.

 

 

 

INSURANCE AGREEMENT AMONG INSUREDS


REQUIRED BY RULE 17g-1 (f)

(ICI Mutual Insurance Company)

 


First Investors Equity Funds (Covered Call Strategy,
Equity Income, Global, Growth & Income, Hedged U.S. Equity Opportunities,
International, Opportunity, Premium Income, Select Growth, Special
Situations and Total Return); First Investors Income Funds (Floating
Rate, Fund For Income, Government Cash Management, International Opportunities
Bond, Investment Grade, Limited Duration Bond and Strategic Income); First
Investors Life Series Funds
(Covered Call Strategy, Equity Income, Fund For
Income, Government Cash Management, Growth & Income, International, Investment
Grade, Limited Duration Bond, Opportunity, Select Growth, Special
Situations and Total Return): First Investors Tax-Exempt Funds (Tax
Exempt Income, Tax Exempt Opportunities, California Tax Exempt, New Jersey Tax
Exempt, New York Tax Exempt and Oregon Tax Exempt), all
of which are registered management investment companies, together with First
Investors Life Variable Annuity Fund A (Separate Account A), First Investors
Life Level Premium Variable Life Insurance Separate Account B (Separate Account
B), First Investors Life Variable Annuity Fund C (Separate Account C), First
Investors Life Variable Annuity Fund D (Separate Account D), First Investors
Life Separate Account E, Foresters Financial Services, Inc., Foresters
Investment Management Company, Inc., Foresters Advisory Services, LLC, Foresters
Investor Services, Inc., Foresters Financial Profit Sharing Plan and Foresters
Financial 401(k) Employee Savings Plan are named as insureds in a joint fidelity
bond with the ICI Mutual Insurance Company. The Fidelity Bond with ICI Mutual
Insurance Company provides coverage for $15,000,000 for theft, misplacement and
in transit losses. Pursuant to Rule 17g-1(f) of the Investment Company Act of
1940, each of the undersigned hereby agrees that in the event recovery is
received under said bond as a result of a loss sustained by any one of the
registered management investment companies and one or more of the other named
insureds, each such registered management investment company shall receive an
equitable and proportionate share of the recovery, at least equal to the amount
each would have received had single insured bonds, with minimum coverage as
required by Rule 17g-1(f) of the Investment Company Act of 1940, been provided
and maintained by each registered management investment company.

First Investors Equity Funds

(Covered Call Strategy, Equity Income, Global, Growth &
Income, Hedged U.S. Equity Opportunities, International, Opportunity, Premium
Income, Select Growth, Special Situations and Total Return)

First Investors Income Funds

(Floating Rate, Fund For Income, Government Cash Management,
International Opportunities Bond, Investment Grade, Limited Duration Bond and
Strategic Income)

First Investors Life Series Funds

(Covered Call Strategy, Equity Income, Fund For Income,
Government Cash Management, Growth & Income, International, Investment Grade,
Limited Duration Bond, Opportunity, Select Growth, Special Situations and
Total Return)

First Investors Tax Exempt Funds

(Tax Exempt Income, Tax Exempt Opportunities, California
Tax Exempt,
New Jersey Tax Exempt, New York Tax Exempt, Oregon Tax Exempt)

 

 

 

 

 

 

 

 

 

 

 

 



FIRST INVESTORS EQUITY FUNDS

FIRST INVESTORS INCOME FUNDS

FIRST INVESTORS TAX EXEMPT FUNDS

FIRST INVESTORS LIFE SERIES FUNDS

 

ATTEST:

 


/s/ Scott Richardson                                                                                                                                                                                           BY: /s/ E. Blake Moore Jr.

Scott Richardson                                                                                                                                                                                                      
E. Blake Moore Jr.

Secretary                                                                                                                                                                                                                    President

 

 


FIRST INVESTORS LIFE VARIABLE ANNUITY FUND A

FIRST INVESTORS LIFE LEVEL PREMIUM VARIABLE LIFE INSURANCE
POLICY – (SEPARATE ACCOUNT B)

FIRST INVESTORS LIFE VARIABLE ANNUITY FUND C

FIRST INVESTORS LIFE VARIABLE DEFERRED ANNUITY FUND C –
(SEPARATE ACCOUNT C)

FIRST INVESTORS LIFE VARIABLE DEFERRED ANNUITY FUND D –
(SEPARATE ACCOUNT D)

FIRST INVESTORS LIFE FLEXIBLE PREMIUM ADJUSTABLE VARIABLE LIFE
INSURANCE POLICY – (SEPARATE ACCOUNT E)

FIRST INVESTORS LIFE MODIFIED SINGLE PREMIUM VARIABLE LIFE
INSURANCE POLICY – (SEPARATE ACCOUNT E)

 

 

ATTEST:

 


/s/ Carol Lerner Brown                                                                                                                                                                                      
BY: /

s/ Gregory Walter

Carol Lerner Brown, Secretary

                                                                                                                                           

Gregory Walter, Senior Vice President

Foresters Life Insurance                                                                                                                                                                                          
Foresters Life Insurance

and Annuity Company                                                                                                                                                                                               
and Annuity Company

 

 


FORESTERS INVESTMENT MANAGEMENT COMPANY, INC.

 

ATTEST:

 


/s/ Carol Lerner Brown                                                                                                                                                                                      BY: /s/ E. Blake Moore Jr.

Carol Lerner Brown                                                                                                                                                                                                 
E. Blake Moore Jr.

Secretary                                                                                                                                                                                                                  
President

 

 


FORESTERS FINANCIAL SERVICES, INC.

 

ATTEST:

 


/s/ Scott Richardson                                                                                                                                                                                           BY: /s/ E. Blake Moore Jr.

Scott Richardson                                                                                                                                                                                                      
E. Blake Moore Jr.

Secretary                                                                                                                                                                                                                    President

 

 


FORESTERS INVESTOR SERVICES, INC.

ATTEST:

 


/s/ Carol Lerner Brown                                                                                                                                                                                       BY: /s/ George
Karris

Carol Lerner Brown                                                                                                                                                                                                  
George Karris

Secretary                                                                                                                                                                                                                   
President

 

 


FORESTERS ADVISORY SERVICES, LLC.

ATTEST:

 


/s/ Carol Lerner Brown
                                                                                                                                                                                     
BY: /s/ E. Blake Moore Jr. 

Carol Lerner Brown                                                                                                                                                                                                  
E. Blake Moore Jr.   

Secretary                                                                                                                                                                                                                   
President

 

 

 

 

 

 

 

 

 

As of January 12, 2019

Dated this 13th day of March, 2019, in New York, NY

 

 

 

 

 


ICI MUTUAL INSURANCE COMPANY

STATEMENT AS TO THE PERIOD FOR WHICH

PREMIUMS HAVE BEEN PAID

 

 

The premiums for the Fidelity Bond for the ICI Mutual Insurance
Company for the period January 12, 2019 to January 12, 2020 have been paid in
full.

 

 

 

 

 


ICI MUTUAL INSURANCE COMPANY

JANUARY 12, 2019 – JANUARY 12, 2020

 


STATEMENT SHOWING THE AMOUNT OF SINGLE

INSURED BOND REQUIRED OF EACH REGISTERED INVESTMENT

COMPANY AS OF SEPTEMBER 30, 2018

 


 


REGISTERED INVESTMENT COMPANY                                                                                                                                                            
BOND REQUIRED

                                                                                                                                                                                                                                               
(Thousands)

First Investors Equity Funds                                                                                                                                                                                                    
$3,900

Covered Call Strategy Fund

Equity Income Fund

Global Fund

Growth & Income Fund

Hedged U.S. Equity Opportunities Fund

International Fund

Opportunity Fund

Premium Income Fund

Select Growth Fund

Special Situations Fund

Total Return Fund

 

First Investors Income Funds                                                                                                                                                                                                
$1,700

Floating Rate Fund

Fund For Income

Government Cash Management Fund

International Opportunities Bond Fund

Investment Grade Fund

Limited Duration Bond Fund

Strategic Income Fund

 

First Investors Tax Exempt Funds                                                                                                                                                                                        
$1,500

First Investors Tax Exempt Income Fund

First Investors Tax Exempt Opportunities Fund

First Investors California Tax Exempt Fund

First Investors New Jersey Tax Exempt Fund

First Investors New York Tax Exempt Fund

First Investors Oregon Tax Exempt Fund

 


 

STATEMENT SHOWING THE AMOUNT OF SINGLE

INSURED BOND REQUIRED OF EACH REGISTERED INVESTMENT

COMPANY AS OF SEPTEMBER 30, 2018 – Continued



REGISTERED INVESTMENT COMPANY                                                                                                                                                            
BOND REQUIRED

                                                                                                                                                                                                                                                   
(Thousands)

First Investors Life Series Funds                                                                                                                                                                                        
$1,500

Covered Call Strategy Fund

Equity Income Fund

Fund For Income

Government Cash Management Fund

Growth & Income Fund

International Fund

Investment Grade Fund

Limited Duration Bond Fund

Opportunity Fund

Select Growth Fund

Special Situations Fund

Total Return Fund

 

 

 

 

 

 

 

 

 

 

 

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