ADDENDUM TO
AUTOMATIC REINSURANCE AGREEMENT NO. 2000-15
between
TRAVELERS INSURANCE COMPANY
and its subsidiary
TRAVELERS LIFE AND ANNUITY COMPANY
Hartford, Connecticut
(hereinafter referred to collectively as the CEDING COMPANY)
and
AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY
(REINSURER)
Effective May 18, 2000, this Addendum is hereby attached to and becomes a part
of the above-named Reinsurance Agreement. The following paragraph sets forth
the REINSURER'S PARENTAL GUARANTEE:
Whereas AXA Corporate Solutions Reassurance Company, Paris, France, (the
"PARENT") directly and indirectly, owns 100% of AXA Corporate Solutions Life
Reinsurance Company (the REINSURER), the PARENT guarantees the full and
prompt payment of all of the REINSURER'S contractual obligations under this
Reinsurance Agreement, plus all reasonable costs and expenses including
attorney fees paid by the CEDING COMPANY in enforcing this guarantee. This
guarantee shall be absolute, continuing and conditional only upon the
contractual terms of the Reinsurance Agreement.
This Addendum does not alter, amend or modify the Reinsurance Agreement other
than as set forth in this Addendum, and it is subject, otherwise to all the
terms and conditions of the Reinsurance Agreement together with all Amendments
and supplements thereto.
TRAVELERS INSURANCE COMPANY
TRAVELERS LIFE AND ANNUITY COMPANY
By: [/s/ illegible] Date: 10/31/01
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Name/Title [illegible]
Attest: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name/Title ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Counsel
AXA CORPORATE SOLUTIONS LIFE REINSURANCE COMPANY, New York, New York
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ By: [/s/ illegible]
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇, President
Attest: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Date: 30 APRIL 2001
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▇▇▇▇▇ ▇▇▇▇▇▇▇, Assistant Vice
President
AXA CORPORATE SOLUTIONS REASSURANCE COMPANY, Paris, France
By: /s/ ▇. ▇▇▇▇▇▇ Date: 11/09/01
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Name/Title ▇. ▇▇▇▇▇▇
CEO AXA CS Re Paris
Attest: /s/ ▇. ▇▇▇▇▇▇▇▇▇▇ 11/09/01
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Name/Title ▇. ▇▇▇▇▇▇▇▇▇▇
CFO AXA CS Re Paris
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Travelers Companies Agreement No. 2000-15-DB
Effective May 18, 2000