Common use of POLICIES AND RISKS REINSURED Clause in Contracts

POLICIES AND RISKS REINSURED. In accordance with the terms and conditions ---------------------------- hereof, effective as of 12:01 a.m. on November 1, 2014 (the "Effective Date"), the Ceding Company hereby cedes and the Reinsurer hereby accepts as indemnity reinsurance, the Quota Share of the Ceding Company's Net Benefit Payments under the variable annuity contracts described in Schedule A (the "Policies"). --------