Common use of POLICY VALUES Clause in Contracts

POLICY VALUES. If the Ceding Company alters the policy values, (e.g. COI charges, credited rates, M&E fees, etc.) in such a way as could reasonably be construed as being intended to cause lapsation or replacement of the policies, then the Allowance Adjustments provision as shown in Schedule III will no longer apply. If the Reinsurer implements a change in the Rate Table Multiple in accordance with the Premium Adjustments provision of Schedule III, at a time which the Allowance Adjustments provision no longer applies, the Ceding Company may recapture business with ninety (90) days written notice to the Reinsurer. The Ceding Company will notify the Reinsurer of any changes to policy values on a timely basis. 7 ARTICLE XI POLICY ADMINISTRATION AND PREMIUM ACCOUNTING 1. ACCOUNTING PERIOD AND PREMIUM DUE The Ceding Company will submit accounts to the Reinsurer, for reporting new business, alterations, termination, renewals, claims, and premium due, as shown in Schedules V and VI. Subject to change, accounts shall be submitted to the attention of: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Work Coordinator Client Services RGA Reinsurance Company P. 0. ▇▇▇ ▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ 2. ACCOUNTING ITEMS The accounts will contain a list of premiums due for the current accounting period, explain the reason for each premium payment, show premium subtotals adequate to use for premium accounting, including first year and renewal year premiums and allowances. The account information should provide the ability to evaluate retention limits, premium calculations and to establish reserves. 3. REINSURANCE ADMINISTRATION REQUIREMENTS Reinsurance Administration Requirements are as shown in Schedule V.

POLICY VALUES. If the Ceding Company alters the policy values, (e.g. COI charges, credited rates, M&E fees, etc.) in such a way as could reasonably be construed as being intended to cause lapsation or replacement of the policies, then the Allowance Adjustments provision as shown in Schedule III will no longer apply. If the Reinsurer implements a change in the Rate Table Multiple in accordance with the Premium Adjustments provision of Schedule III, at a time which the Allowance Adjustments provision no longer applies, the Ceding Company may recapture business with ninety (90) days written notice to the Reinsurer. The Ceding Company will notify the Reinsurer of any changes to policy values on a timely basis. 7 ARTICLE XI -- POLICY ADMINISTRATION AND PREMIUM ACCOUNTING 1. ACCOUNTING PERIOD AND PREMIUM DUE The Ceding Company will submit accounts to the Reinsurer, for reporting new business, alterations, terminationterminations, renewals, claims, and premium due, as shown in Schedules V and VI. Subject to change, accounts shall be submitted to the attention of: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Administrative Work Coordinator Client Services RGA Reinsurance Company P. 0RCM Incorporated ▇.▇. ▇▇▇ ▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ 2. ACCOUNTING ITEMS The accounts will contain a list of premiums due for the current accounting period, explain the reason for each premium payment, show premium subtotals adequate to use for premium accounting, including first year and renewal year premiums and allowances. The account information should provide the ability to evaluate retention limits, premium calculations and to establish reserves. 3. REINSURANCE ADMINISTRATION REQUIREMENTS Reinsurance Administration Requirements are as shown in Schedule V.