Common use of Annuity Changes Clause in Contracts

Annuity Changes. The Ceding Company must provide written --------------- notification to the Reinsurer of any change which affects the original terms or conditions of any annuity which results in a change in the Ceding Company's liability corresponding to any annuity reinsured hereunder not later than ninety (90) days after the change takes effect. The Reinsurer will (a) assume that portion of any increase in the Ceding Company's liability, resulting from the change, which corresponds to the portion of the annuities reinsured hereunder, and (b) receive credit for that portion of any decrease in the Ceding Company's liability, resulting from the change, which corresponds to the portion of the annuities reinsured hereunder.

Annuity Changes. The Ceding Company must provide written --------------- notification to the Reinsurer of any change which affects the original terms or conditions of any annuity which results in a change in the Ceding Company's liability corresponding to any annuity reinsured hereunder not later than ninety (90) days after the change takes effect. The Reinsurer will (a) assume that portion of any increase in the Ceding Company's liability, resulting from the change, which corresponds to the portion of the annuities reinsured hereunder, and (b) receive credit for that portion of any decrease in the Ceding Company's liability, resulting from the change, which corresponds to the portion of the annuities reinsured hereunder.