Common use of Premium Accounting Clause in Contracts

Premium Accounting. A. National Integrity Life shall forward to Connecticut General on or before the last calendar day of April, July, October, and January a quarterly statement as set forth in Schedule E. National Integrity Life shall also remit any premium due for the prior quarter along with an advance minimum premium for the current quarter, in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life shall be a condition precedent to any liability by Connecticut General under the terms and conditions of this Agreement. If the reinsurance premium payment is not paid by National Integrity Life in accordance with the preceding paragraph, Connecticut General shall have the right to terminate reinsurance under this Agreement. If Connecticut General elects to exercise its right of termination, Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If all reinsurance premiums in arrears, including any which may fall due within the thirty (30) day period, are not received by Connecticut General prior to the expiration date of such period, Connecticut General shall be relieved of all liability incurred after the termination date. Connecticut General may, at its option, reinstate the reinsurance at any time within sixty (60) calendar days following such termination if National Integrity Life makes payment of all reinsurance premiums due and payable up to the date of reinstatement and provides full disclosure of all claims incurred between the date of termination and the reinstatement date. If Connecticut General agrees to such reinstatement, it shall be liable for reinsurance on only those claims incurred by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant to Article X of this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium in arrears, up to and including the termination date.

Premium Accounting. A. National Integrity Life shall forward to Connecticut General on or before the last calendar day of April, July, October, and January a quarterly statement as set forth in Schedule E. National Integrity Life shall also remit any premium due for the prior quarter along with an advance minimum premium for the current quarter, in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life shall be a condition precedent to any liability by Connecticut General under the terms and conditions of this Agreement. If the reinsurance premium payment is not paid by National Integrity Life in accordance with the preceding paragraph, Connecticut General shall have the right to terminate reinsurance under this Agreement. If Connecticut General elects to exercise its right of termination, Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If all reinsurance premiums in arrears, including any which may fall due within the thirty (30) day period, are not received by Connecticut General prior to the expiration date of such period, Connecticut General shall be relieved of all liability incurred after the termination date. Connecticut General may, at its option, reinstate the reinsurance at any time within sixty (60) calendar days following such termination if National Integrity Life makes payment of all reinsurance premiums due and payable up to the date of reinstatement and provides full disclosure of all claims incurred between the date of termination and the reinstatement date. If Connecticut General agrees to such reinstatement, it shall be liable for reinsurance on only those claims incurred by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant to Article X of this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium in arrears, up to and including the termination date.

Premium Accounting. A. National Integrity Life Reinsurance premiums shall be paid in advance on a Quarterly basis. On or before the Due Date (as defined in Paragraph B), Travelers shall forward to Connecticut General on or before the last calendar day its statement of April, July, October, and January a quarterly statement account as set forth in Schedule E. National Integrity Life shall also remit E along with its remittance for the net amount due as shown therein as well as any premium due for adjustments from the prior quarter along with quarter. If the statement shows a balance due Travelers, Connecticut General shall remit that amount to Travelers on or before the Remittance Date (the date occurring thirty days after the Due Date). All outstanding balances due and unpaid beyond the Remittance Date shall be subject to an advance minimum interest charge on the unpaid balance from the Due Date as specified in this Article to the date of payment at the rate charged by Connecticut General for delinquent premiums as further described in paragraph C of this Article. B. For the purposes of this Agreement the Due Date for Connecticut General's receipt of the statement of account and premium for due is the current quarter, thirtieth day following the close of any reporting period. The payment of reinsurance premiums in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life provisions herein shall be a condition precedent to any the liability of Connecticut General for reinsurance covered by this Agreement. In the event that reinsurance premiums are not received by Connecticut General under as of the terms Due Date following the close of the reporting period in which they fall due, Connecticut General will notify Travelers that such premiums are due and conditions of this Agreementunpaid, and Travelers will remit the premium on or before the Remittance Date. If In the reinsurance premium payment is event that the The Travelers Insurance Company and The Travelers Life & Annuity Company Variable Annuity Death Benefit Reinsurance PrimElite Product [CIGNA LOGO] Effective June 30, 1998 Treaty #103070 & 103071 Connecticut General Life Insurance Company premiums are not paid by National Integrity Life in accordance with the preceding paragraphRemittance Date, Connecticut General shall have the right to terminate give Travelers notice of termination of such reinsurance under this Agreement. If immediately. C. Whether or not Connecticut General elects to exercise exercises its right to terminate the reinsurance as specified in the preceding paragraph, all such outstanding premiums shall be subject to an interest charge on the unpaid balance from the Due Date to the date of terminationpayment, at a rate coincident with the current rate of interest charged by Connecticut General for delinquent premiums in connection with its individual life insurance policies. D. If reinsurance is terminated as provided in paragraph B, Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If thereupon be relieved automatically of future liability under all reinsurance for which premiums in arrears, including any which and other charges remain unpaid. The reinsurance so terminated may fall due within the thirty (30) day period, are not received by Connecticut General prior to the expiration date of such period, Connecticut General shall be relieved of all liability incurred after the termination date. Connecticut General may, at its option, reinstate the reinsurance reinstated at any time within sixty (60) calendar days following such of the date of termination if National Integrity Life makes upon payment of all reinsurance premiums due and payable up to other charges in arrears; but in the date event of reinstatement and provides full disclosure of all such reinstatement, Connecticut General shall have no liability in connection with any claims incurred between the date of termination and the date of reinstatement date. If of the reinsurance. E. Not withstanding termination of reinsurance as provided herein, Travelers shall continue to be liable to Connecticut General agrees to such reinstatement, it shall be liable for all unpaid reinsurance on only those claims incurred premiums earned by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant to Article X of under this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium . Such premiums are subject to an interest charge as specified in arrears, up to and including the termination dateparagraph C above.

Premium Accounting. A. National Integrity Life Reinsurance premiums shall be paid in advance on a Quarterly basis. On or before the Due Date (as defined in Paragraph B), NASL shall forward to Connecticut General on or before the last calendar day its statement of April, July, October, and January a quarterly statement account as set forth in Schedule E. National Integrity Life shall also remit E together with its remittance for the net amount due as shown therein as well as any premium due for adjustments from the prior quarter along quarter. If the statement shows a balance due NASL, Reinsurer shall remit that amount to NASL on or before the Remittance Date (the date occurring thirty days after the Due Date). If the amounts described in Article VI cannot be determined by the Due Dates set forth in Article VI, on an exact basis, such payments will be made with an advance minimum a generally agreed upon formula which will approximate the actual payments. Adjustments will then be made to reflect actual amounts when they become available. B. For the purposes of this Agreement the Due Date for Reinsurer's receipt of the statement of account and premium for due is the current quarter, thirtieth day following the close of any reporting period. The payment of reinsurance premiums in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life provisions herein shall be a condition precedent to any the liability of Reinsurer for reinsurance covered by Connecticut General under the terms and conditions of this Agreement. If In the event that reinsurance premiums are not received by Reinsurer as of the Due Date following the close of the reporting period in which they fall due, Reinsurer will notify NASL that such premiums are due and unpaid, and NASL will remit the premium payment is on or before the Remittance Date. In the event that the premiums are not paid by National Integrity Life in accordance with the preceding paragraphRemittance Date, Connecticut General Reinsurer shall have the right to terminate give NASL notice of termination of such reinsurance under this Agreement. immediately. C. If Connecticut General elects to exercise its right of terminationreinsurance is terminated as provided in paragraph B, Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If and if all reinsurance premiums in arrearsdefault and any additional charges due in accordance with this Agreement, including any such premiums and charges which may become in default are not paid by the Remittance Date, Reinsurer shall thereupon be relieved automatically of future liability under all reinsurance for which premiums and other charges remain unpaid. New and existing Reinsurance for which premiums subsequently fall due within the thirty (30) day period, will terminate automatically if reinsurance premiums are not received by Connecticut General prior to the expiration date paid when due as provided in paragraph B of such period, Connecticut General shall this Article. The reinsurance so terminated may be relieved of all liability incurred after the termination date. Connecticut General may, at its option, reinstate the reinsurance reinstated at any time within sixty (60) calendar days following such of the date of termination if National Integrity Life makes upon payment of all reinsurance premiums due and payable up to other charges in arrears; but in the date event of reinstatement and provides full disclosure of all such reinstatement, Reinsurer shall have no liability in connection with any claims incurred between the date of termination and the reinstatement date. If Connecticut General agrees to such reinstatement, it shall be liable for reinsurance on only those claims incurred by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant to Article X of this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium in arrears, up to and including the termination date.--------------------------------------------------------------------------------

Premium Accounting. A. National Integrity Life Reinsurance premiums shall be paid in advance on a Quarterly basis. On or before the Due Date (as defined in Paragraph B), Travelers shall forward to Connecticut General on or before the last calendar day its statement of April, July, October, and January a quarterly statement account as set forth in Schedule E. National Integrity Life shall also remit E along with its remittance for the net amount due as shown therein as well as any premium due for adjustments from the prior quarter along with quarter. If the statement shows a balance due Travelers, Connecticut General shall remit that amount to Travelers on or before the Remittance Date (the date occurring thirty days after the Due Date). All outstanding balances due and unpaid beyond the Remittance Date shall be subject to an advance minimum interest charge on the unpaid balance from the Due Date as specified in this Article to the date of payment at the rate charged by Connecticut General for delinquent premiums as further described in paragraph C of this Article. B. For the purposes of this Agreement the Due Date for Connecticut General's receipt of the statement of account and premium for due is the current quarter, thirtieth day following the close of any reporting period. The payment of reinsurance premiums in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life provisions herein shall be a condition precedent to any the liability of Connecticut General for reinsurance covered by this Agreement. In the event that reinsurance premiums are not received by Connecticut General under as of the terms Due Date following the close of the reporting period in which they fall due, Connecticut General will notify Travelers that such premiums are due and conditions of this Agreementunpaid, and Travelers will remit the premium on or before the Remittance Date. If In the reinsurance premium payment is event that the premiums are not paid by National Integrity Life in accordance with the preceding paragraphRemittance Date, Connecticut General shall have the right to terminate give Travelers notice of termination of such reinsurance under this Agreementimmediately. If The Travelers Insurance Company Variable Annuity Death Benefit Reinsurance Vintage Individual Variable Annuity Effective June 1, 1997 [CIGNA LOGO] Treaty No. 103068 Connecticut General elects to exercise Life Insurance Company - 3 C. Whether or not Connecticut General exercises its right to terminate the reinsurance as specified in the preceding paragraph, all such outstanding premiums shall be subject to an interest charge on the unpaid balance from the Due Date to the date of terminationpayment, at a rate coincident with the current rate of interest charged by Connecticut General for delinquent premiums in connection with its individual life insurance policies. D. If reinsurance is terminated as provided in paragraph B, Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If thereupon be relieved automatically of future liability under all reinsurance for which premiums in arrears, including any which and other charges remain unpaid. The reinsurance so terminated may fall due within the thirty (30) day period, are not received by Connecticut General prior to the expiration date of such period, Connecticut General shall be relieved of all liability incurred after the termination date. Connecticut General may, at its option, reinstate the reinsurance reinstated at any time within sixty (60) calendar days following such of the date of termination if National Integrity Life makes upon payment of all reinsurance premiums due and payable up to other charges in arrears; but in the date event of reinstatement and provides full disclosure of all such reinstatement, Connecticut General shall have no liability in connection with any claims incurred between the date of termination and the date of reinstatement date. If of the reinsurance. E. Not withstanding termination of reinsurance as provided herein, Travelers shall continue to be liable to Connecticut General agrees to such reinstatement, it shall be liable for all unpaid reinsurance on only those claims incurred premiums earned by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant to Article X of under this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium . Such premiums are subject to an interest charge as specified in arrears, up to and including the termination dateparagraph C above.

Premium Accounting. A. National Integrity Life INTEGRITY LIFE shall forward to Connecticut General on or before the last calendar day of April, July, October, and January a quarterly statement as set forth in Schedule E. National Integrity Life INTEGRITY LIFE shall also remit any premium due for the prior quarter along with an advance minimum premium for the current quarter, in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life INTEGRITY LIFE shall be a condition precedent to any liability by Connecticut General under the terms and conditions of this Agreement. If the reinsurance premium payment is not paid by National Integrity Life INTEGRITY LIFE in accordance with the preceding paragraph, Connecticut General shall have the right to terminate reinsurance under this Agreement. If Connecticut General elects to exercise its right of termination, Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If all reinsurance premiums in arrears, including any which may fall due within the thirty (30) day period, are not received by Connecticut General prior to the expiration date of such period, Connecticut General shall be relieved of all liability incurred after the termination date. Connecticut General may, at its option, reinstate the reinsurance at any time within sixty (60) calendar days following such termination if National Integrity Life INTEGRITY LIFE makes payment of all reinsurance premiums due and payable up to the date of reinstatement and provides full disclosure of all claims incurred between the date of termination and the reinstatement date. If Connecticut General agrees to such reinstatement, it shall be liable for reinsurance on only those claims incurred by National Integrity Life INTEGRITY LIFE between the termination date and reinstatement date that National Integrity Life INTEGRITY LIFE discloses to Connecticut General. In the event that National Integrity Life INTEGRITY LIFE is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life INTEGRITY LIFE in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant to Article X of this Agreement, Connecticut General may set off against amounts due National Integrity Life INTEGRITY LIFE the amount of reinsurance premium in arrears, up to and including the termination date.

Premium Accounting. A. National Integrity Life On or before the Due Date (as defined in Paragraph B), MNA shall forward to Connecticut General on or before the last calendar day Manulife Reinsurance its statement of April, July, October, and January a quarterly statement account as set forth in Schedule E. National Integrity Life shall also remit E together with its remittance for the net amount due as shown therein as well as any premium due for adjustments from the prior quarter along quarter. If the statement shows a balance due MNA, Manulife Reinsurance shall remit that amount to MNA on or before the Remittance Date (the date occurring thirty days after the Due Date). If the amounts described in Article VI cannot be determined by the Due Dates set forth in Article VI, on an exact basis, such payments will be made with an advance minimum a generally agreed upon formula which will approximate the actual payments. Adjustments will then be made to reflect actual amounts when they become available. B. For the purposes of this Agreement the Due Date for Manulife Reinsurance's receipt of the statement of account and premium for due is the current quarter, thirtieth day following the close of any reporting period. The payment of reinsurance premiums in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life provisions herein shall be a condition precedent to any the liability of Manulife Reinsurance for reinsurance covered by Connecticut General under the terms and conditions of this Agreement. If In the event that reinsurance premiums are not received by Manulife Reinsurance as of the Due Date following the close of the reporting period in which they fall due, Manulife Reinsurance will notify MNA that such premiums are due and unpaid, and MNA will remit the premium payment is on or before the Remittance Date. In the event that the premiums are not paid by National Integrity Life in accordance with the preceding paragraphRemittance Date, Connecticut General Manulife Reinsurance shall have the right to terminate give MNA notice of termination of such reinsurance under this Agreement. immediately. C. If Connecticut General elects to exercise its right of terminationreinsurance is terminated as provided in paragraph B, Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If and if all reinsurance premiums in arrearsdefault and any additional charges due in accordance with this Agreement, including any such premiums and charges which may become in default are not paid by the Remittance Date, Manulife Reinsurance shall thereupon be relieved automatically of future liability under all reinsurance for which premiums and other charges remain unpaid. New and existing Reinsurance for which premiums subsequently fall due within the thirty (30) day period, will terminate automatically if reinsurance premiums are not received by Connecticut General prior to the expiration date paid when due as provided in paragraph B of such period, Connecticut General shall this Article. The reinsurance so terminated may be relieved of all liability incurred after the termination date. Connecticut General may, at its option, reinstate the reinsurance reinstated at any time within sixty (60) calendar days following such of the date of termination if National Integrity Life makes upon payment of all reinsurance premiums due and payable up to other charges in arrears; but in the date -------------------------------------------------------------------------------- The Manufacturers Life Insurance Company of reinstatement North America Vantage, Vision and provides full disclosure Manulife Rollover - Variable Annuity Effective July 1, 1998 event of all such reinstatement, Manulife Reinsurance shall have no liability in connection with any claims incurred between the date of termination and the date of reinstatement dateof the reinsurance without prior written consent of Manulife Reinsurance. D. Not withstanding termination of reinsurance as provided herein, MNA shall continue to be liable to Manulife Reinsurance for all unpaid reinsurance premiums earned by Manulife Reinsurance under this Agreement. If Connecticut General agrees Such premiums are subject to such reinstatementan annual interest charge as specified in Article XIX. ARTICLE VII - CLAIMS MNA is solely responsible for payment of its claims under the Policies identified on Schedule B. MNA shall provide Manulife Reinsurance with proof of claim, it proof of claim payment and any other claim documentation requested by Manulife Reinsurance in accordance with Schedule E. Payment of reinsurance shall be liable for reinsurance on only those claims incurred made by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life Manulife Reinsurance in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration one sum regardless of the method of payment by MNA and within thirty (30) calendar day noticedays following receipt of required claim documentation. Pursuant MNA shall notify Manulife Reinsurance of its intention to Article X contest or deny a claim which may involve the reinsurance coverage under this Agreement before any notice of contest or denial is provided to the claimant. Manulife Reinsurance shall then have thirty (30) calendar days within which to advise MNA whether it agrees that the claim should be contested or denied. If Manulife Reinsurance does not agree that the claim should be contested or denied, then it shall pay to MNA the full amount of the reinsurance on the risk reinsured, as set forth in this Agreement, Connecticut General and Manulife Reinsurance shall have no further obligation in respect to such claim. If Manulife Reinsurance agrees that the claim should be contested or denied, then Manulife Reinsurance shall pay its share of the following in accordance with its share of liability as set forth in this Agreement: - Expenses incurred by MNA in investigating, contesting litigating or otherwise resisting the Claim, excluding salaries and expenses of employees, officers and agents of MNA and ordinary expenses of MNA, and costs of third party administrators acting on behalf of MNA; and If the denial of a Claim results in an award verdict or judgment against MNA, where Manulife Reinsurance has agreed with the claim denial and MNA intends to appeal the verdict or judgment, written notice of the intention to appeal shall be provided to Manulife Reinsurance. Manulife Reinsurance shall be entitled at that time to pay its share of the judgment, together with any expenses and interest as set forth above, and to have no further obligation in connection with such -------------------------------------------------------------------------------- The Manufacturers Life Insurance Company of North America Vantage, Vision and Manulife Rollover - Variable Annuity Effective July 1, 1998 Claim. If Manulife Reinsurance does not pay its share of the judgment and any expenses and interest due at that time, Manulife Reinsurance shall pay its share of the expenses associated with the appeal of the judgment or verdict, together with its share of any additional interest charges that may set off against amounts due National Integrity Life accrue during the amount of reinsurance premium in arrears, up to and including the termination dateappeal.

Premium Accounting. A. National Integrity Life 1. Within 15 (fifteen) days after the end of each calendar quarter, the Ceding Company shall forward send the Accepting Company a list of all policies reinsured under this agreement and in force at the end of such calendar quarter. The list will indicate amounts of insurance in force and will be used by the Accepting Company to Connecticut General on or before compute the last calendar day of April, July, October, and January a quarterly statement as set forth in Schedule E. National Integrity Life shall also remit any premium due for such calendar quarter. The Accepting Company may, solely for convenience in computing the prior quarter along with an advance minimum premium premium, assume that the retention limits as shown on Schedule A are applicable on a per policy basis rather than a per life basis. 2. Within 20 (Twenty) days after receipt of a billing statement, the Ceding Company shall remit to the Accepting Company the premiums due for reinsurance in force during such calendar quarter. 3. Except as provided in Article V. (Oversight), the current quarter, in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life premiums shall be a condition precedent to any the liability of the Accepting Company under reinsurance covered by Connecticut General under the terms and conditions of this Agreement. If In the event of non- payment of reinsurance premium payment is not paid by National Integrity Life in accordance with premiums, the preceding paragraph, Connecticut General Accepting Company shall have the right to terminate the reinsurance under this Agreementfor all policies having reinsurance premiums in arrears. If Connecticut General the Accepting Company elects to exercise its right of termination, Connecticut General it shall provide written give the Ceding Company 30 (Thirty) days' notice of its intention to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If terminate such reinsurance; and if all reinsurance premiums in arrears, including any which may fall due within become in arrears during the thirty (30) -day period, are not received by Connecticut General prior to paid before the expiration date of such period, Connecticut General the Accepting Company shall thereupon be relieved of future liability with respect to all liability incurred after the termination datepolicies for which reinsurance premiums remain unpaid. Connecticut General may, at its option, reinstate the The reinsurance so terminated may be reinstated at any time within sixty 60 (60Sixty) calendar days following such of the date of termination if National Integrity Life makes upon payment of all reinsurance premiums due and payable up to in arrears; but in the date event of reinstatement and provides full disclosure of all such reinstatement, the Accepting Company shall have no liability in connection with any claims incurred between the date of termination and the date of reinstatement dateof the reinsurance. If Connecticut General agrees to such reinstatement, it shall be liable for reinsurance on only those claims incurred by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s The Accepting Company's right to terminate reinsurance pursuant to this ARTICLE as herein provided shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar -day notice. Pursuant to Article X of this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium in arrears, up to and including the termination datenotice period.

Premium Accounting. A. National Integrity Life 1. Within 15 (fifteen) days after the end of each calendar quarter, the Ceding Company shall forward send the Accepting Company a list of all policies reinsured under this agreement and in force at the end of such calendar quarter. The list will indicate amounts of insurance in force and will be used by the Accepting Company to Connecticut General on or before compute the last calendar day of April, July, October, and January a quarterly statement as set forth in Schedule E. National Integrity Life shall also remit any premium due for such calendar quarter. The Accepting Company may, solely for convenience in computing the prior quarter along with an advance minimum premium premium, assume that the retention limits as shown on Schedule A are applicable on a per policy basis rather than a per life basis. 2. Within 20 (Twenty) days after receipt of a billing statement, the Ceding Company shall remit to the Accepting Company the premiums due for reinsurance in force during such calendar quarter. 3. Except as provided in Article V. (Oversight), the current quarter, in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life premiums shall be a condition precedent to any the liability of the Accepting Company under reinsurance covered by Connecticut General under the terms and conditions of this Agreement. If In the event of nonpayment of reinsurance premium payment is not paid by National Integrity Life in accordance with premiums, the preceding paragraph, Connecticut General Accepting Company shall have the right to terminate the reinsurance under this Agreementfor all policies having reinsurance premiums in arrears. If Connecticut General the Accepting Company elects to exercise its right of termination, Connecticut General it shall provide written give the Ceding Company 30 (Thirty) days' notice of its intention to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If terminate such reinsurance; and if all reinsurance premiums in arrears, including any which may fall due within become in arrears during the thirty (30) -day period, are not received by Connecticut General prior to paid before the expiration date of such period, Connecticut General the Accepting Company shall thereupon be relieved of future liability with respect to all liability incurred after the termination datepolicies for which reinsurance premiums remain unpaid. Connecticut General may, at its option, reinstate the The reinsurance so terminated may be reinstated at any time within sixty 60 (60Sixty) calendar days following such of the date of termination if National Integrity Life makes upon payment of all reinsurance premiums due and payable up to in arrears; but in the date event of reinstatement and provides full disclosure of all such reinstatement, the Accepting Company shall have no liability in connection with any claims incurred between the date of termination and the date of reinstatement dateof the reinsurance. If Connecticut General agrees to such reinstatement, it shall be liable for reinsurance on only those claims incurred by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s The Accepting Company's right to terminate reinsurance pursuant to this ARTICLE as herein provided shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar -day notice. Pursuant to Article X of this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium in arrears, up to and including the termination datenotice period.

Premium Accounting. A. National Integrity Life On or before the Due Date (as defined in Paragraph B), MNA shall forward to Connecticut General its statement of account as set forth in Schedules E together with its remittance for the net amount due as shown therein as well as any premium adjustments from the prior quarter. If the statement shows a balance due MNA, Reinsurer shall remit that amount to MNA on or before the last calendar day of April, July, October, and January a quarterly statement as Remittance Date (the date occurring thirty days after the Due Date). If the amounts described in Article VI cannot be determined by the Due Dates set forth in Schedule E. National Integrity Life shall also remit any Article VI, on an exact basis, such payments will be made with a generally agreed upon formula which will approximate the actual payments. Adjustments will then be made to reflect actual amounts when they become available. B. For the purposes of this Agreement the Due Date for Reinsurer's receipt of the statement of account and premium due for is the prior quarter along with an advance minimum premium for thirtieth day following the current quarter, close of any reporting period. The payment of reinsurance premiums in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life provisions herein shall be a condition precedent to any the liability of Reinsurer for reinsurance covered by Connecticut General under the terms and conditions of this Agreement. If In the event that reinsurance premiums are not received by Reinsurer as of the Due Date following the close of the reporting period in which they fall due, Reinsurer will notify MNA that such premiums are due and unpaid, and MNA will remit the premium payment is on or before the Remittance Date. In the event that the premiums are not paid by National Integrity Life in accordance with the preceding paragraph, Connecticut General Remittance Date. Reinsurer shall have the right to terminate give MNA notice of termination of such reinsurance under this Agreement. immediately. C. If Connecticut General elects to exercise its right of terminationreinsurance is terminated as provided in paragraph B, Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If and if all reinsurance premiums in arrearsdefault and any additional charges due in accordance with this Agreement, including any such premiums and charges which may become in default are not paid by the Remittance Date. THE MANUFACTURERS LIFE INSURANCE COMPANY OF NORTH AMERICA VENTURE 20 SERIES - VARIABLE ANNUITY EFFECTIVE JULY 1, 1998 TREATY NO. 103276 (CIGNA REINSURANCE LOGO) CONNECTICUT GENERAL LIFE INSURANCE COMPANY Reinsurer shall thereupon be relieved automatically of future liability under all reinsurance for which premiums and other charges remain unpaid. New and existing Reinsurance for which premiums subsequently fall due within the thirty (30) day period, will terminate automatically if reinsurance premiums are not received by Connecticut General prior to the expiration date paid when due as provided in paragraph B of such period, Connecticut General shall this Article. The reinsurance so terminated may be relieved of all liability incurred after the termination date. Connecticut General may, at its option, reinstate the reinsurance reinstated at any time within sixty (60) calendar days following such of the date of termination if National Integrity Life makes upon payment of all reinsurance premiums due and payable up to other charges in arrears, but in the date event of reinstatement and provides full disclosure of all such reinstatement. Reinsurer shall have no liability in connection with any claims incurred between the date of termination and the date of reinstatement date. If Connecticut General agrees of the reinsurance without prior written consent of the Reinsurer. D. Not withstanding termination of reinsurance as provided herein, MNA shall continue to such reinstatement, it shall be liable to Reinsurer for reinsurance on only those claims incurred by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect all unpaid reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant to Article X of earned by Reinsurer under this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium . Such premiums are subject to an annual interest charge as specified in arrears, up to and including the termination date.Article XIX

Premium Accounting. A. National Integrity Life Reinsurance premiums shall be paid in advance on a quarterly basis. Within thirty days after the close of each reporting period, PHL Variable shall forward to Connecticut General on or before the last calendar day its statement of April, July, October, and January a quarterly statement account as set forth in Schedule E. National Integrity Life shall also remit Exhibit E along with its remittance for the net amount due as shown therein as well as any premium due for the prior quarter along with an advance minimum quarter. If the statement ( shows a balance due PHL Variable, Connecticut General shall Promptly remit that amount to PHL Variable. B. For the purposes of this Agreement the due date for Connecticut General’s receipt of the statement of account and premium for due is the current quarter, thirtieth day following the close of any reporting period. The payment of reinsurance premiums in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life provisions herein shall be a condition precedent to any the liability of Connecticut General for reinsurance covered by this Agreement. In the event that reinsurance premiums are not received by Connecticut General under as of the terms thirtieth day following the close of the reporting period in which they fall due, Connecticut General will notify PHL Variable that such premiums are due and conditions unpaid, and PHL Variable will remit the premium within thirty days of this Agreementreceipt of the notice. If In the reinsurance premium payment is event that the premiums are not paid by National Integrity Life in accordance with within the preceding paragraphadditional thirty days, Connecticut General shall have the right to give PHL Variable notice of Connecticut General’s intention to terminate such reinsurance under this Agreement. If immediately. C. Whether or not Connecticut General elects to exercise exercises its right to terminate the reinsurance as specified in the preceding paragraph, all such outstanding premiums shall be subject to an annual interest charge on the unpaid balance from the due date as specified in this Article to the date of terminationpayment, at a rate coincident with the current rate of interest charged by Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to terminationfor delinquent premiums in connection with its individual life insurance policies. PHL Variable CIGNA Reinsurance Edge Series/Txxxxxxxx - 4 - July 25, 1996 D. If reinsurance is terminated as provided in paragraph B, and if all reinsurance premiums in arrearsdefault and any additional charge due in accordance with paragraph B, including any such premiums and charges which may fall due within become in default during the thirty (30) thirty-day period, notice period are not received by Connecticut General prior to paid before the expiration date of such period, Connecticut General shall thereupon be relieved automatically of future liability under all liability incurred after the termination datereinsurance for which premiums and other charges remain unpaid. Connecticut General may, at its option, reinstate the Reinsurance for which premiums subsequently fall due will terminate automatically if reinsurance premiums are not paid when due as provided in paragraph B of this Article. The reinsurance so terminated may be reinstated at any time within sixty (60) calendar days following such of the date of termination if National Integrity Life makes upon payment of all reinsurance premiums due and payable up to other charges in arrears; but in the date event of reinstatement and provides full disclosure of all such reinstatement, Connecticut General shall have no liability in connection with any claims incurred between the date of termination and the date of reinstatement date. If of the reinsurance. E. Not withstanding termination of reinsurance as provided in paragraph C, PHL Variable shall continue to be liable to Connecticut General agrees to such reinstatement, it shall be liable for all unpaid reinsurance on only those claims incurred premiums earned by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant to Article X of under this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium . Such premiums are subject to an annual interest charge as specified in arrears, up to and including the termination dateparagraph B above.

Premium Accounting. A. National Integrity Life PREMIUMS 5.1 The policy premium rates, commissions, fees and expenses for business reinsured under this Agreement are shown in Exhibit C. The Ceding Company will notify the Reinsurer of any change in the premiums, fees or charges for the underlying policies due to developing experience or otherwise. -------------------------------------------------------------------------------- PAYMENT OF PREMIUMS 5.2 The Ceding Company shall forward pay to Connecticut General on or before the last calendar day Reinsurer the Reinsurer's share of April, July, October, and January a quarterly statement policy premiums. Such reinsurance premium amounts are payable monthly as set forth in Schedule E. National Integrity Life shall also remit any collected by the Ceding Company. The Ceding Company will calculate the amount of reinsurance premium due and, within 15 days after the end of each calendar month, will send the Reinsurer a statement containing the information shown in Exhibit C, including, without limitation, the amount of reinsurance premiums due for that period, applicable fees, commissions, expenses and taxes. If an amount is due the prior quarter along Reinsurer for such period, the Ceding Company will remit that amount together with the statement. If an advance minimum premium amount is due the Ceding Company for such period, the current quarter, in accordance with Section (2) Reinsurer will remit such amount within 45 days of Article V. B. The payment receipt of the reinsurance premium by National Integrity Life statement. All payments due under this Agreement shall be made in U.S. dollars. -------------------------------------------------------------------------------- DELAYED PAYMENT 5.3 Premium balances that remain unpaid for more than 60 days after the Remittance Date will accrue interest. The Remittance Date is defined as 15 days after the end of the reporting period. -------------------------------------------------------------------------------- FAILURE TO PAY PREMIUMS 5.4 Performance of the Ceding Company's obligations to pay reinsurance premiums is a condition precedent to any the liability of the Reinsurer for reinsurance covered by Connecticut General under the terms and conditions of this Agreement. If In the event that reinsurance premium payment is premiums are not paid by National Integrity Life in accordance with within 60 days of the preceding paragraphRemittance Date, Connecticut General shall the Reinsurer will have the right to terminate the reinsurance under this Agreementall policies having reinsurance premiums in arrears. If Connecticut General the Reinsurer elects to exercise its right of termination, Connecticut General shall provide it will give the Ceding Company 15 days' written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to terminationof its intention. Such notice will be sent by certified mail. If all reinsurance premiums in arrears, including any which may fall due within that become in arrears during the thirty (30) 15 day notice period, are not received by Connecticut General prior to paid before the expiration date of such the notice period, Connecticut General shall the Reinsurer will be relieved of all liability incurred after under those policies as of the termination datelast date to which premiums have been paid for each, less any cash values or recapture/reserve amounts due. Connecticut General mayReinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date to which premiums have been paid for each policy, at its optionunless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, reinstate subject to approval by the reinsurance at any time Reinsurer, within sixty (60) calendar 15 days following such termination if National Integrity Life makes of the date of termination, and upon payment of all reinsurance premiums due and payable up to the date of reinstatement and provides full disclosure of all in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement dateof the reinsurance. If Connecticut General agrees to such reinstatement, it shall be liable for reinsurance on only those claims incurred by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s The right to terminate reinsurance pursuant to this ARTICLE shall be without will not prejudice to its the Reinsurer's right to collect reinsurance premiums for the period that during which reinsurance was in force prior to the expiration of the thirty (30) calendar day 15 days' notice. Pursuant to Article X of this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium in arrears, up to and including the termination date.

Premium Accounting. A. National Integrity Life Reinsurance premiums shall be paid on a monthly basis. On or before the Due Date (as defined in Paragraph B), GE Capital shall forward to Connecticut General on or before the last calendar day its statement of April, July, October, and January a quarterly statement account as set forth in Schedule E. National Integrity Life shall also remit E together with its remittance for the net amount due as shown therein as well as any premium due for adjustments from the prior quarter along with month. If the statement shows a balance due GE Capital, Reinsurer shall remit that amount to GE Capital on or before the Remittance Date (the date occurring thirty days after the Due Date). All outstanding balances due and unpaid beyond the Remittance Date shall be subject to an advance minimum annual interest charge on the unpaid balance from the Due Date as specified in this Article to the date of payment. B. For the purposes of this Agreement the Due Date for Reinsurer's receipt of the statement of account and premium for due is the current quarter, twentieth (20th) day following the close of any reporting period. The payment of reinsurance premiums in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life provisions herein shall be a condition precedent to any the liability of Reinsurer for reinsurance covered by Connecticut General under the terms and conditions of this Agreement. If In the event that reinsurance premiums are not received by Reinsurer as of the Due Date following the close of the reporting period in which they fall due, Reinsurer will notify GE Capital that such premiums are due and unpaid, and GE Capital will remit the premium payment is on or before the Remittance Date. In the event that the premiums are not paid by National Integrity Life in accordance with the preceding paragraphRemittance Date, Connecticut General Reinsurer shall have the right to terminate give GE Capital notice of termination of such reinsurance under this Agreement. If Connecticut General elects to exercise immediately. C. Whether or not Reinsurer exercises its right to terminate the reinsurance as specified in the preceding paragraph, all such outstanding premiums shall be subject to an annual interest charge on the unpaid balance from the Due Date to the date of terminationpayment. Such interest charge shall be at the three (3) month LIBOR Rate (as published in the Wall Street Journal), Connecticut General plus .01, determined on the first business day following the end of the 60 day notice period. The settlement is considered overdue at the end of the 60 day notice period and interest shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. commence from the overdue date. D. If reinsurance is terminated as provided in paragraph B, and if all reinsurance premiums in arrearsdefault and any additional charge due in accordance with paragraph B, including any such premiums and charges which may become in default are not paid by the Remittance Date, Reinsurer shall thereupon be relieved automatically of future liability under all reinsurance for which premiums and other charges remain unpaid. New and existing Reinsurance for which premiums subsequently fall due within the thirty (30) day period, will terminate automatically if reinsurance premiums are not received by Connecticut General prior to the expiration date paid when due as provided in paragraph B of such period, Connecticut General shall this Article. The reinsurance so terminated may be relieved of all liability incurred after the termination date. Connecticut General may, at its option, reinstate the reinsurance reinstated at any time within sixty (60) calendar days following such of the date of termination if National Integrity Life makes upon payment of all reinsurance premiums due and payable up to other charges in arrears; but in the date event of reinstatement and provides full disclosure of all such reinstatement, Reinsurer shall have no liability in connection with any claims incurred between the date of termination and the date of reinstatement dateof the reinsurance. If -------------------------------------------------------------------------------- GE Capital Life Assurance of New York [LOGO] Variable Annuity Death Benefit Reinsurance CIGNA Reinsurance Individual Deferred Variable Annuity Treaty Effective 6/1/98 Treaty No. 103315 Connecticut General agrees Life Insurance Company E. Not withstanding termination of reinsurance as provided herein, GE Capital shall continue to such reinstatement, it shall be liable to Reinsurer for reinsurance on only those claims incurred by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect all unpaid reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant to Article X of earned by Reinsurer under this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium . Such premiums are subject to an annual interest charge as specified in arrears, up to and including the termination dateparagraph C above.

Premium Accounting. A. National Integrity Life Reinsurance premiums shall be paid in advance on a Quarterly basis. On or before the Due Date (as defined in Paragraph B), Travelers shall forward to Connecticut General on or before the last calendar day its statement of April, July, October, and January a quarterly statement account as set forth in Schedule E. National Integrity Life shall also remit E along with its remittance for the net amount due as shown therein as well as any premium due for adjustments from the prior quarter along with quarter. If the statement shows a balance due Travelers, Connecticut General shall remit that amount to Travelers on or before the Remittance Date (the date occurring thirty days after the Due Date). All outstanding balances due and unpaid beyond the Remittance Date shall be subject to an advance minimum interest charge on the unpaid balance from the Due Date as specified in this Article to the date of payment at the rate charged by Connecticut General for delinquent premiums as further described in paragraph C of this Article. B. For the purposes of this Agreement the Due Date for Connecticut General's receipt of the statement of account and premium for due is the current quarter, thirtieth day following the close of any reporting period. The payment of reinsurance premiums in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life provisions herein shall be a condition precedent to any the liability of Connecticut General for reinsurance covered by this Agreement. In the event that reinsurance premiums are not received by Connecticut General under as of the terms Due Date following the close of the reporting period in which they fall due, Connecticut General will notify Travelers that such premiums are due and conditions of this Agreementunpaid, and Travelers will remit the premium on or before the Remittance Date. If In the reinsurance premium payment is event that the premiums are not paid by National Integrity Life in accordance with the preceding paragraphRemittance Date, Connecticut General shall have the right to terminate give Travelers notice of termination of such reinsurance under this Agreementimmediately. If The Travelers Life and Annuity Company Variable Annuity Death Benefit Reinsurance Vintage Individual Variable Annuity Effective June 1, 1997 Treaty No. 103069 [CIGNA REINSURANCE LOGO] Connecticut General elects to exercise Life Insurance Company -3 C. Whether or not Connecticut General exercises its right to terminate the reinsurance as specified in the preceding paragraph, all such outstanding premiums shall be subject to an interest charge on the unpaid balance from the Due Date to the date of terminationpayment, at a rate coincident with the current rate of interest charged by Connecticut General for delinquent premiums in connection with its individual life insurance policies. D. If reinsurance is terminated as provided in paragraph B, Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If thereupon be relieved automatically of future liability under all reinsurance for which premiums in arrears, including any which and other charges remain unpaid. The reinsurance so terminated may fall due within the thirty (30) day period, are not received by Connecticut General prior to the expiration date of such period, Connecticut General shall be relieved of all liability incurred after the termination date. Connecticut General may, at its option, reinstate the reinsurance reinstated at any time within sixty (60) calendar days following such of the date of termination if National Integrity Life makes upon payment of all reinsurance premiums due and payable up to other charges in arrears; but in the date event of reinstatement and provides full disclosure of all such reinstatement, Connecticut General shall have no liability in connection with any claims incurred between the date of termination and the date of reinstatement date. If of the reinsurance. E. Not withstanding termination of reinsurance as provided herein, Travelers shall continue to be liable to Connecticut General agrees to such reinstatement, it shall be liable for all unpaid reinsurance on only those claims incurred premiums earned by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant to Article X of under this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium . Such premiums are subject to an interest charge as specified in arrears, up to and including the termination dateparagraph C above.

Premium Accounting. A. National Integrity Reinsurance premiums shall be paid in advance on a quarterly basis. Within thirty days after the close of each reporting period, Phoenix Home Life shall forward to Connecticut Connccticut General on or before the last calendar day its statement of April, July, October, and January a quarterly statement account as set forth in Schedule E. National Integrity Life shall also remit Exhibit E along with its remittance for the net amount due as shown therein as well as any premium due for the prior quarter along with an advance minimum quarter. If the statement shows a balance due Phoenix Home Life, Connecticut General shall Promptly remit that amount to Phoenix Home Life. B. For the purposes of this Agreement the due date for Connecticut General’s receipt of the statement of account and premium for due is the current quarter, thirtieth day following the close of any reporting period. The payment of reinsurance premiums in accordance with Section (2) of Article V. B. The payment of the reinsurance premium by National Integrity Life provisions herein shall be a condition precedent to any the liability of Connecticut General for reinsurance covered by this Agreement. In the event that reinsurance premiums are not received by Connecticut General under as of the terms thirtieth day following the close of the reporting period in which they fall due, Connecticut General will notify Phoenix Home Life that such premiums are due and conditions unpaid, and Phoenix Home Life will remit the premium within thirty days of this Agreementreceipt of the notice. If In the reinsurance premium payment is event that the premiums are not paid by National Integrity Life in accordance with within the preceding paragraphadditional thirty days, Connecticut General shall have the right to give Phoenix Home Life notice of Connecticut General’s intention to terminate such reinsurance under this Agreement. If immediately. C. Whether or not Connecticut General elects to exercise exercises its right to terminate the reinsurance as specified in the preceding paragraph, all such outstanding premiums shall be subject to an annual interest charge on the unpaid balance from the due date as specified in this Article to the date of terminationpayment, at a rate coincident with the current rate of interest charged by Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to terminationfor delinquent premiums in connection with its individual life insurance policies. Phoenix Home Life CIGNA Reinsurance Edge Series/Xxxxxxxxx - 4 - July 25, 1996 D. If reinsurance is terminated as provided in paragraph B, and if all reinsurance premiums in arrearsdefault and any additional charge due in accordance with paragraph B, including any such premiums and charges which may fall due within become in default during the thirty (30) thirty-day period, notice period are not received by Connecticut General prior to paid before the expiration date of such period, Connecticut General shall thereupon be relieved automatically of future liability under all liability incurred after the termination datereinsurance for which premiums and other charges remain unpaid. Connecticut General may, at its option, reinstate the Reinsurance for which premiums subsequently fall due will terminate automatically if reinsurance premiums are not paid when due as provided in paragraph B of this Article. The reinsurance so terminated may be reinstated at any time within sixty (60) calendar days following such of the date of termination if National Integrity Life makes upon payment of all reinsurance premiums due and payable up to other charges in arrears; but in the date event of reinstatement and provides full disclosure of all such reinstatement, Connecticut General shall have no liability in connection with any claims incurred between the date of termination and the date of reinstatement date. If of the reinsurance. E. Notwithstanding termination of reinsurance as provided in paragraph C, Phoenix Home Life shall continue to be liable to Connecticut General agrees to such reinstatement, it shall be liable for all unpaid reinsurance on only those claims incurred premiums earned by National Integrity Life between the termination date and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant to Article X of under this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium . Such premiums are subject to an annual interest charge as specified in arrears, up to and including the termination dateparagraph B above.

Premium Accounting. A. National Integrity Life shall forward to Connecticut General on 6.1 Premiums Reinsurance premium rates for life insurance and other benefits reinsured under this Agreement (either automatic or before the last calendar day of April, July, October, and January a quarterly statement as set forth facultative) are shown in Schedule E. National Integrity Life shall also remit any premium due for the prior quarter along with an advance minimum premium for the current quarter, in accordance with Section (2) of Article V. B. The payment of Exhibit D − Reinsurance Premiums. Reinsurance premiums will be determined by applying the reinsurance premium by National Integrity Life rates to the Reinsured Net Amount at Risk. The reinsurance premium rates shall be calculated net of allowances as shown in Exhibit D. Reinsurance premium rates, including allowances, may not be changed by the Reinsurer over the duration of this Agreement except as provided in Article 6.5 below. Premium adjustments due either party will be calculated and paid in the event of mid-year policy increases or decreases, terminations, death claims, and other changes as appropriate. 6.2 Payment of Premiums Reinsurance premiums are payable annually in advance. The Ceding Company will calculate the amount of reinsurance premium due and, within thirty (30) days after the end of the month, will send the Reinsurer a condition precedent to any statement that contains the information shown in Exhibit E − Self- Administered Reporting, showing reinsurance premiums due for that period. If an amount is due the Reinsurer, the Ceding Company will remit that amount together with the statement. If an amount is due the Ceding Company, the Reinsurer will remit such amount within fifteen (15) days of receipt of the statement. If the Ceding Company overpays a reinsurance premium and the Reinsurer accepts the overpayment in error, the Reinsurer's acceptance in and of itself will not create reinsurance liability by Connecticut General under the terms and conditions of beyond what is provided for in this Agreement. If the reinsurance Ceding Company fails to make a full premium payment for a policy or policies reinsured hereunder, due to an error or omission as described in Article 17, the amount of reinsurance coverage provided by the Reinsurer shall not be reduced. However, once the underpayment is discovered, the Ceding Company will be required to pay to the Reinsurer the difference between the full premium amount and the amount actually paid, without interest. If payment of the full premium is not paid by National Integrity Life in accordance with the preceding paragraph, Connecticut General shall have the right to terminate reinsurance under this Agreement. If Connecticut General elects to exercise its right of termination, Connecticut General shall provide written notice to NATIONAL INTEGRITY LIFE not less than thirty (30) calendar days prior to termination. If all reinsurance premiums in arrears, including any which may fall due within the thirty (30) day period, are not received by Connecticut General prior to the expiration date of such period, Connecticut General shall be relieved of all liability incurred after the termination date. Connecticut General may, at its option, reinstate the reinsurance at any time made within sixty (60) calendar days following such termination if National Integrity Life makes payment after the discovery of all reinsurance premiums due and payable up to the date of reinstatement and provides full disclosure of all claims incurred between underpayment, the date of termination and the reinstatement date. If Connecticut General agrees to such reinstatement, it underpayment shall be liable for reinsurance on only those claims incurred by National Integrity Life between the termination date treated as a failure to pay premiums and reinstatement date that National Integrity Life discloses to Connecticut General. In the event that National Integrity Life is unaware of such claim, Connecticut General will nevertheless be liable for claims that are reported to National Integrity Life in the ninety day period following reinstatement. C. Connecticut General’s right to terminate reinsurance pursuant to this ARTICLE shall be without prejudice to its right to collect reinsurance premiums for the period that reinsurance was in force prior to the expiration of the thirty (30) calendar day notice. Pursuant subject to Article X of this Agreement, Connecticut General may set off against amounts due National Integrity Life the amount of reinsurance premium in arrears, up to and including the termination date6.4 below.