AMENDMENT 8
EFFECTIVE MARCH 1, 2009
TO THE
AUTOMATIC AND FACULTATIVE YEARLY RENEWABLE TERM REINSURANCE AGREEMENT
EFFECTIVE JANUARY 1, 2002
BETWEEN
HARTFORD LIFE INSURANCE COMPANY
("CEDING COMPANY")
AND
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY
("REINSURER")
("AGREEMENT")
WHEREAS, the Reinsurer currently reinsures the Ceding Company's plans or
policies under the Agreement; and
WHEREAS, the Ceding Company and the Reinsurer wish to terminate the Agreement
for new business; and
WHEREAS, the Ceding Company and the Reinsurer wish to amend the Liability and
Termination articles to clarify liability after termination of the Agreement for
new business.
NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby
acknowledged, the Ceding Company and the Reinsurer hereby agree as follows:
I. The above recitals are true and accurate and are incorporated herein.
II. The Agreement terminated for new business effective March 1, 2009.
III. Article III, Liability, is amended to add the following Section I:
I. Following the termination of this Agreement for new business, as
described in Article XIX, the Reinsurer shall continue to be liable
for:
1. All Automatic and Facultative Reinsurance in effect prior to such
termination of this Agreement; and
2. All Automatic Reinsurance:
(a) that becomes effective after such termination of this
Agreement on face amount increases issued on, and
reinstatements of, policies issued before such termination of
this Agreement; or
(b) in excess of the Ceding Company's retention that becomes
effective after such termination of this Agreement on face
amount increases issued on fully retained policies issued
before termination; and
LS Excess Treaty -- Effective 1/01/2002
Between HL and TFLIC
Amendment #8 -- Effective 03/1/2009
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3. All Facultative Reinsurance coverage that becomes effective after
such termination of this Agreement, on risks facultatively
submitted to the Reinsurer before such termination.
IV. Article XIX, Termination, is deleted in its entirely and replaced with the
following:
A. The Ceding Company and the Reinsurer may terminate this Agreement as
it applies to the new business of each by giving (90) ninety days'
written notice of termination. The day the notice is deposited in the
mail addressed to the Home Office, or to an Officer of each party,
will be the first day of the (90) ninety-day period. In addition,
this Agreement may be terminated immediately for the acceptance of
new reinsurance by either party if one of the parties becomes
insolvent as described in Article XVI.
B. During the (90) ninety-day period, this Agreement will continue to be
in force between the terminating parties.
C. Following the termination of this Agreement for new business, the
terminating parties shall remain liable in accordance with Article
III of this Agreement.
V. Except as herein amended, all other terms and conditions of the Agreement
shall remain unchanged and in full force and effect.
In witness of the foregoing, the Ceding Company and the Reinsurer have, by their
respective officers, executed this Amendment in duplicate on the dates indicated
below.
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY
by its Administrator and Attorney-in-Fact
SCOR Global Life Re Insurance Company of Texas
on June 6, 2012
Signature /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Signature /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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Name in Text ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Name in Text ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President Title: Assistant Vice President
SCOR Global Life Re Insurance Company of SCOR Global Life Re Insurance
Texas Company of Texas
HARTFORD LIFE INSURANCE COMPANY
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ Attest: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Assistant Vice President and Actuary Title: Vice President and Actuary
Date: June 12, 2012 Date: June 12, 2012
LS Excess Treaty -- Effective 1/01/2002
Between HL and TFLIC
Amendment #8 -- Effective 03/1/2009
2