Common use of Possible Future Redomestication of NEWCO Clause in Contracts

Possible Future Redomestication of NEWCO. The Receiver and the GA Parties agree and acknowledge that while the current expectation is that NEWCO shall be formed as a captive insurer in the District of Columbia, circumstances may arise in the future that would make the redomestication of NEWCO to a different jurisdiction desirable. If NEWCO or the GA Parties determine that a redomestication would be desirable, they shall give notice of that decision to the Receiver and may proceed to redomesticate NEWCO upon the Receiver’s approval which shall not be unreasonably withheld. Schedule 1.15 List of Contracts Schedule 1.25 ELNY Mortality Table • Attained age multiples are applied to the 1983 Individual Annuity Mortality Table, as follows: • Mortality improvement is assumed to be 100% of Scale G for males and 65% of Scale G for females. Improvement begins in 1984 and is assumed to grade off linearly from attained age 86 to 100. • Attained age multiples are applied to the 1983 Individual Annuity Mortality Table, as follows. For ages not shown, the multiples are interpolated between the ages shown. • Mortality improvement is assumed to be 100% of Scale G for males and 65% of Scale G for females. Improvement begins in 1984 and is assumed to grade off linearly from attained age 86 to 100. • Furthermore, beginning on the valuation date, a floor is imposed such that the calculated mortality rate in the current year cannot be less than the mortality rate in the prior year. • For substandard SSAs, further adjustments are made to the Standard SSA Mortality Assumptions for each insured life as follows: a. A constant additive adjustment is determined so that life expectancy calculated from the rated age based upon the Standard SSA Mortality Assumption is equal to the life expectancy calculated from the issue age based upon the Standard SSA Mortality Assumption plus the constant additive adjustment applied in each year. b. A graded additive adjustment is calculated such that the constant additive adjustment determined in (a) grades to zero from the issue age to attained age 95. c. The mortality rate then applicable to the substandard SSA is equal to the Standard SSA Mortality Assumption plus the graded additive adjustment. Aegon US Holding Group Allianz Insurance Group Allstate Insurance Group American International Group Ameriprise Aviva AXA Insurance Group Banner Life Group Columbian Life Group CUNA Mutual Genworth Financial Group Guardian Life Group Hartford Fire & Casualty Group ING America Insurance Holding Group ▇▇▇▇ ▇▇▇▇▇▇▇ Group Liberty Mutual Insurance Group Lincoln National Group Mass Mutual Life Insurance Group Metropolitan Group Midland National Life Insurance Group Mutual of America Life Insurance Company Mutual of Omaha Group Nationwide Corporation Group New York Life Group Northwestern Mutual Group Ohio National Life Group Pacific Life Group Phoenix Companies Group Principal Financial Group Protective Life Insurance Group Prudential of America Group Security Mutual Life Insurance Company State Farm Group Sun Life Assurance Company of CN Group TIAA Family Group UNIFI Group UNUM Provident Group Western‐Southern Group Wilton Re Group

Appears in 2 contracts

Sources: Restructuring Agreement, Restructuring Agreement