Common use of Increases and Decreases in Policy Face Amount Clause in Contracts

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life b. The increase is not subject to full underwriting, the Reinsurer will accept the increase, provided that: (1) If the policy was ceded automatically, the Ceding Company underwrote the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing); or (2) If the policy was ceded facultatively, the Ceding Company received approval from the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative application. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis. For increases in accordance with B.1.b, the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), in accordance with Schedule B; or (2) For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or (2) For decreases under policies ceded facultatively, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool Notwithstanding the foregoing, after termination of this Agreement for new business, any increases subject to full underwriting must be submitted to the Reinsurer on a facultative obligatory basis, if, the increase in face amount is in excess of one million dollars (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life$1 million); or b. The increase is not subject to full underwriting, and: (1) The policy was ceded automatically, and: (a) The face amount after the increase does not exceed the applicable Total Allocation Limit or if it does exceed the applicable Total Allocation Limit, it does not exceed the applicable Automatic Issue Limit, then the Reinsurer will accept the increase, provided that:; or (1b) If The increase does not meet the policy was ceded automaticallyrequirement above in (a), then the Ceding Company underwrote Reinsurer must consent to the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing)increase; or (2) If the The policy was ceded facultatively, the Ceding Company received approval from then the Reinsurer for must consent to the full face amount (including all scheduled increases) at the time of facultative applicationincrease. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis, utilizing the Annual Rates per $1,000 of Allocated Retention Pool -- Effective 10/1/2008 Between HLIC and Swiss Re Reinsured Net Amount at Risk as set forth in Exhibit III. For increases in accordance with B.1.bB.1.b (1), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), in accordance with Schedule B; or (2) B. For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or (2) For decreases under policies ceded facultatively, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool Notwithstanding the foregoing, after termination of this Agreement for new business, any increases subject to full underwriting must be submitted to the Reinsurer on a facultative obligatory basis, if, the increase in face amount is in excess of one million dollars (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life$1 million); or b. The increase is not subject to full underwriting, the Reinsurer will accept the increase, provided that: (1) If the policy was ceded automatically, the Ceding Company underwrote the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing); or (2) If the policy was ceded facultatively, the Ceding Company received approval from the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative application. Allocated Retention Pool -- Effective 10/1/2008 Between HLIC and Swiss Re Amendment #5 -- Effective 10/1/2008 Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis, utilizing the Annual Rates per $1,000 of Reinsured Net Amount at Risk as set forth in Exhibit III. For increases in accordance with B.1.bB.1.b (1), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), in accordance with Schedule B; or (2) B. For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or (2) For decreases under policies ceded facultatively, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool Notwithstanding the foregoing, after termination of this Agreement for new business, any increases subject to full underwriting must be submitted to the Reinsurer on a facultative obligatory basis, if, the increase in face amount is in excess of one million dollars (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life$1 million); or b. The increase is not subject to full underwriting, and: (1) The policy was ceded automatically, and: (a) The face amount after the increase does not exceed the applicable Total Allocation Limit or if it does exceed the applicable Total Allocation Limit, it does not exceed the applicable Automatic Issue Limit, then the Reinsurer will accept the increase, provided that:; or (1b) If The increase does not meet the policy was ceded automaticallyrequirement above in (a), then the Ceding Company underwrote Reinsurer must consent to the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing)increase; or (2) If the The policy was ceded facultatively, the Ceding Company received approval from then the Reinsurer for must consent to the full face amount (including all scheduled increases) at the time of facultative applicationincrease. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis, utilizing the Annual Rates per $1,000 of Allocated Retention Pool -- Effective 10/1/2008 Between ILA and Swiss Re 18 Reinsured Net Amount at Risk as set forth in Exhibit III. For increases in accordance with B.1.bB.1.b (1), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), in accordance with Schedule B; or (2) B. For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or (2) For decreases under policies ceded facultatively, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool Notwithstanding the foregoing, after termination of this Agreement for new business, any increases subject to full underwriting must be submitted to the Reinsurer on a facultative obligatory basis, if, the increase in face amount is in excess of one million dollars (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life$1 million); or b. The increase is not subject to full underwriting, the Reinsurer will accept the increase, provided that: (1) If the policy was ceded automatically, the Ceding Company underwrote the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing); or (2) If the policy was ceded facultatively, the Ceding Company received approval from the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative application. Allocated Retention Pool -- Effective 10/1/2008 Between HLAIC and Swiss Re Amendment #6 -- Effective 10/1/2008 Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis, utilizing the Annual Rates per $1,000 of Reinsured Net Amount at Risk as set forth in Exhibit III. For increases in accordance with B.1.bB.1.b (1), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), in accordance with Schedule B; or (2) B. For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or (2) For decreases under policies ceded facultatively, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life. b. The increase is not subject to full underwriting, the Reinsurer will accept the increase, provided that: (1) If the policy was ceded automatically, that the Ceding Company underwrote the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing); or (2) If the policy was ceded facultatively, the Ceding Company received approval from the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative applicationAgreement. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis. For increases in accordance with B.1.b, the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), effect in accordance with Schedule B; or (2) For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties.B. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. . The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or B. Allocated Retention Pool (2Non-Excess Risks) For decreases under policies ceded facultatively-- Effective October 1, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.2008 Between Canada Life xxx XXXXX

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLAIC HLIC and Canada Life b. The increase is not subject to full underwriting, the Reinsurer will accept the increase, provided that: (1) If the policy was ceded automatically, the Ceding Company underwrote the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing); or (2) If the policy was ceded facultatively, the Ceding Company received approval from the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative application. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis. For increases in accordance with B.1.b, the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), in accordance with Schedule B; or (2) For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or (2) For decreases under policies ceded facultatively, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life; or b. The increase is not subject to full underwriting, the Reinsurer will accept the increase, provided that: (1) If the policy was ceded automatically, the Ceding Company underwrote the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing); or (2) If the policy was ceded facultatively, the Ceding Company received approval from the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative application. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis. . c. For increases in accordance with B.1.b, the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), in accordance with Schedule B; or (2) For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or (2) For decreases under policies ceded facultatively, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLAIC HLIC and Canada Life b. The increase is not subject to full underwriting, the Reinsurer will accept the increase, provided that: (1) If the policy was ceded automatically, the Ceding Company underwrote the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing); or (2) If the policy was ceded facultatively, the Ceding Company received approval from the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative application. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis. For increases in accordance with B.1.b, the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), in accordance with Schedule B; or (2) For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or (2) For decreases under policies ceded facultatively, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life. b. The increase is not subject to full underwriting, the Reinsurer will accept the increase, provided that: (1) If the policy was ceded automatically, that the Ceding Company underwrote the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing); or (2) If the policy was ceded facultatively, the Ceding Company received approval from the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative applicationAgreement. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis. For increases in accordance with B.1.b, the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), effect in accordance with Schedule B; or (2) For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties.B. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. . The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or B. Allocated Retention Pool (2Non-Excess Risks) For decreases under policies ceded facultatively-- Effective October 1, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.2008 Between Canada Life xxx XXXX

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life. b. The increase is not subject to full underwriting, the Reinsurer will accept the increase, provided that: (1) If the policy was ceded automatically, that the Ceding Company underwrote the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing); or (2) If the policy was ceded facultatively, the Ceding Company received approval from the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative applicationAgreement. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis. For increases in accordance with B.1.b, the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), effect in accordance with Schedule B; or (2) For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties.B. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. . The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or B. Allocated Retention Pool (2Non-Excess Risks) For decreases under policies ceded facultatively-- Effective October 1, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.2008 Between Canada Life and HLAIC

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life; or b. The increase is not subject to full underwriting, and: (1) The policy was ceded automatically, and: (a) The face amount after the increase does not exceed the applicable Automatic Issue Limit, then the Reinsurer will accept the increase, provided that:; or (1b) If The increase does not meet the policy was ceded automaticallyrequirement above in (a), then Allocated Retention. Pool -- Effective 10/1/2008 Between HLIC and TFLIC 15 the Ceding Company underwrote increase shall be subject to the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing)Reinsurer's consent; or (2) If the The policy was ceded facultatively, then the Ceding Company received approval from increase shall be subject to the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative applicationReinsurer's consent. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis. . c. For increases in accordance with B.1.b, the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), in accordance with Schedule B; or (2) For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or (2) For decreases under policies ceded facultatively, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.

Increases and Decreases in Policy Face Amount. 1. If the face amount of a policy reinsured under this Agreement increases and: a. The increase is subject to full underwriting, then (i) the provisions of Article III shall apply to the increase in reinsurance and (ii) the increase is underwritten according to the Ceding Company's underwriting practices and guidelines (including preferred criteria, age and amount requirements and underwriting manual assessments) that were approved in writing by the Reinsurer in accordance with Section XXII.L. Reinsurance Premiums for the increase shall be based on new-business rates. Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life; or b. The increase is not subject to full underwriting, and: (1) The policy was ceded automatically, and: (a) The face amount after the increase does not exceed the applicable Automatic Issue Limit, then the Reinsurer will accept the increase, provided that:; or (1b) If The increase does not meet the policy was ceded automaticallyrequirement above in (a), then Allocated Retention. Pool -- Effective 10/1/2008 Between ILA and TLIC 15 the Ceding Company underwrote increase shall be subject to the full face amount (including all scheduled increases) in accordance with the terms of this Agreement (whether through Automatic Reinsurance or Automatic Processing)Reinsurer's consent; or (2) If the The policy was ceded facultatively, then the Ceding Company received approval from increase shall be subject to the Reinsurer for the full face amount (including all scheduled increases) at the time of facultative applicationReinsurer's consent. Reinsurance Premiums for increases not subject to full underwriting shall be calculated on a point-in-scale basis. . c. For increases in accordance with B.1.b, the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined for the increase at the time the increase goes into effect, as follows: (1) For increases in accordance with B.1.b (1), in accordance with Schedule B; or (2) For increases in accordance with B.1.b (2), the Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined by mutual agreement of the Parties. 2. If the face amount of a policy reinsured under this Agreement decreases and: a. If the face amount of a policy that was previously increased is subsequently decreased, the decrease will be applied first to the increase with the latest effective date, and then to the increase with the next earlier effective date, and so forth as necessary, until applying any remaining decrease to the initial face amount of the policy. b. The Ceding Company's retention and the amount of risk ceded to the Reinsurer shall be determined at the time the decrease goes into effect, as follows: (1) For decreases under policies ceded automatically, in accordance with Schedule B; or (2) For decreases under policies ceded facultatively, the amount of the risk reinsured to the Reinsurer shall be reduced proportionately.