Common use of Ceding Company Clause in Contracts

Ceding Company. FORTIS BENEFITS INSURANCE COMPANY (hereinafter referred to as the “Ceding Company”) REINSURER: CONTINENTAL ASSURANCE COMPANY OF CHICAGO, ILLINOIS (hereinafter referred to as “Continental”) EFFECTIVE DATE: May 1, 2000 Commencing on the effective date, the Ceding Company will submit and Continental agrees to accept, the Ceding Company’s Guaranteed Minimum Death Benefit (GMDB) risks as defined in Schedule B, the Accepted Coverage Schedule, subject to the provisions of this agreement. TABLE OF CONTENTS ARTICLES TITLE PAGE 1 Automatic reinsurance 3 II Reinsurance premiums and reporting 3 III Errors and omissions 5 V Claims 5 VI Recapture 7 VII Inspection of records 7 VIII Confidentiality 8 IX Insolvency 8 X Termination charge 9 XI Parties to the agreement 10 XII Duration of agreement 10 XIV Currency 11 XV Choice of law and forum 11 XVI Dac tax 11 XVII Premium tax 12 XVIII Entire contract 12 SCHEDULES A Automatic Acceptance Limits 15 B Accepted Coverage 20 C Premium Rates 21 D Reporting Format 23 E Sub-Accounts 24

Ceding Company. FORTIS BENEFITS INSURANCE COMPANY (hereinafter referred to as the “Ceding Company”) REINSURER: CONTINENTAL ASSURANCE COMPANY OF CHICAGO, ILLINOIS (hereinafter referred to as “Continental”) EFFECTIVE DATE: May 1, 2000 Commencing on the effective date, the Ceding Company will submit and Continental agrees to accept, the Ceding Company’s Guaranteed Minimum Death Benefit (GMDB) risks as defined in Schedule B, the Accepted Coverage Schedule, subject to the provisions of this agreement. TABLE OF CONTENTS ARTICLES TITLE PAGE 1 Automatic reinsurance 3 II Reinsurance premiums and reporting 3 III Errors and omissions 5 V Claims 5 VI Recapture 7 VII Inspection of records 7 VIII Confidentiality 8 IX Insolvency 8 X Termination charge 9 XI Parties to the agreement 10 XII Duration of agreement 10 XIV Currency 11 XV Choice of law and forum 11 XVI Dac tax 11 XVII Premium tax 12 XVIII Entire contract 12 SCHEDULES A Automatic Acceptance Limits 15 B Accepted Coverage 20 C Premium Rates 21 D Reporting Format 23 E Sub-Accounts 24