Common use of Changes to Inuring Reinsurance Clause in Contracts

Changes to Inuring Reinsurance. a. The Ceding Company shall notify the Reinsurer not less than [REDACTED] days prior to effectuating any material amendment, recapture or termination of any Inuring Reinsurance, or entering into any reinsurance agreement that would constitute Inuring Reinsurance hereunder. Such proposed amendment, recapture. termination or new agreement will be deemed to have been consented to by the Reinsurer unless the Reinsurer has notified the Ceding Company in Xxxxxxx Resolution Life Insurance Company and TR Re, Ltd. Annuity Reinsurance Agreement Effective October 1, 2021 Page 28 writing, within [REDACTED] days of receipt of such notice, that it rejects such proposal. Any rejection shall not be unreasonable and must set forth the reason(s) why the Reinsurer has rejected the proposed amendment, recapture, termination or new reinsurance agreement. In case of rejection, the Reinsurer’s liability hereunder shall be determined as though such amendment, recapture or termination had not been effected, or such new reinsurance agreement had not been entered into, and any such new reinsurance agreement shall be deemed not to constitute “Inuring Reinsurance” hereunder; otherwise, the Reinsurer’s liability hereunder shall be determined after giving effect to such amendment, recapture, termination or new reinsurance agreement. b. [REDACTED]

Changes to Inuring Reinsurance. a. The Ceding Company shall notify the Reinsurer not less than [REDACTED] days prior to effectuating any material amendment, recapture or termination of any Inuring Reinsurance, or entering into any reinsurance agreement that would constitute Inuring Reinsurance hereunder. Such proposed amendment, recapture. termination or new agreement will be deemed to have been consented to by the Reinsurer unless the Reinsurer has notified the Ceding Company in Xxxxxxx Resolution Life Insurance Company and TR Re, Ltd. Annuity Reinsurance Agreement Effective October 1, 2021 Page 28 writing, within [REDACTED] days of receipt of such notice, that it rejects such proposal. Any rejection shall not be unreasonable and must set forth the reason(s) why the Reinsurer has rejected the proposed amendment, recapture, termination or new reinsurance agreement. In case of rejection, the Reinsurer’s liability hereunder shall be determined as though such amendment, recapture or termination had not been effected, or such new reinsurance agreement had not been entered into, and any such new reinsurance agreement shall be deemed not to constitute “Inuring Reinsurance” hereunder; otherwise, the Reinsurer’s liability hereunder shall be determined after giving effect to such amendment, recapture, termination or new reinsurance agreement. b. [REDACTED]