Common use of REDUCTIONS, TERMINATIONS AND CHANGES Clause in Contracts

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, where full underwriting evidence according to your regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we will accept automatically the increase in reinsurance but not to exceed our automatic binding limit. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk involved will be increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of the aggregate insurance retained by you on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll reduce your reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurer, our percentage of the increased or reduced reinsurance will be the same as our initial reinsurance of the individual risk. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. A. If there in accordance with policy provisions the original policy is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, where full underwriting evidence according converted to your regular underwriting rules is not requiredpermanent life insurance, the insurance will life risk under the converted policy which exceeds the amount of risk originally retained by the CEDING COMPANY shall continue to be reinsured with us provided it meets BMA. B. If there is a replacement where full underwriting evidence is not required according to the initial minimum CEDING COMPANY regular underwriting rules, the life risk which exceeds the amount stated of risk originally retained by the CEDING COMPANY shall continue to be reinsured with BMA. C. If there is a replacement where full underwriting evidence is required by the CEDING COMPANY, reinsurance may be ceded to BMA subject to provisions in Schedule A.Article I. 2. If Increases provided for contractually by the insurance basic policy or rider, except for Guaranteed Insurability Riders, shall be automatically reinsured under this Agreement by BMA. Non-contractual increases and A. The increase is subject to new underwriting evidence, the provisions of shall be submitted as provided in Article I and reinsurance on such increases shall apply to the increase be effective as provided in reinsurance. B. The increase is not subject to new underwriting evidence, we will accept automatically the increase in reinsurance but not to exceed our automatic binding limitArticle II. 3. If Subject to paragraph 2. of this Article, if the amount of insurance under a policy or rider reinsured under this Agreement is increased or reduced, the any increase or reduction in reinsurance for the individual risk involved will shall be increased or reduced by the same amount effective on the effective date of the increase or reductionreduction in the amount of insurance. 4. If any portion of the aggregate prior insurance retained by you the CEDING COMPANY on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will shall also be reduced or terminated. You'll The CEDING COMPANY shall reduce your its reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not The “reinsurance adjustment due to lapse or reduction of previous insurance” shall be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy effective on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating date as the terminated lapse or reduction of prior insurance. If further reduction is required, the The reinsurance to be terminated or reduced will shall be determined by in chronological order in which by the reinsurance date the risk was first reinsured. Two or more policies issued the same date shall be considered one policy. 5. If the insurance for a risk is shared by more than one reinsurer, our BMA’s percentage of the increased or reduced reinsurance will shall be the same as our BMA’s percentage of initial reinsurance of the individual risk. 6. If insurance a risk reinsured under this Agreement is terminated, the reinsurance for the individual that risk involved will shall be terminated on as of the effective date of the termination. 7. On facultative reinsurance, if you wish to reduce If the CEDING COMPANY reduces the mortality rating, this the reduction will shall be subject to and reinsured under the facultative provisions of this Agreement.Agreement as stated in Article I. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will BMA shall refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in of the insurance reinsured under this Agreement, Agreement where full underwriting evidence according to your our regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.you. 2. If the insurance reinsured under this Agreement increases and; A. The increase is subject to new underwriting evidence, the provisions of Article I shall will apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we you will accept automatically the increase in reinsurance reinsurance, but not to exceed our automatic binding limit, as long as the increase resulted in accordance with our established underwriting rules. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk involved will be increased or reduced proportionally by the same amount taking into account Article I, Sections 1.G. & 1.H., on the effective date of increase or reduction. 4. If any portion of the aggregate total insurance retained by you us on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll We will reduce your our reinsurance by applying the retention limits which were in effect at the time the policy was issued. You We will not be required to retain an amount in excess of your our regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You We must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological effected in the inverse order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurerpool of reinsurers, our percentage of the increased or reduced reinsurance will be effected proportionally within each pool, but in the same as our initial reinsurance of inverse order by pool in which the individual riskinsurance was first reinsured. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you we wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We You will refund to you us all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, Agreement where full underwriting evidence according to your regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.us. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I and II or Article III shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we will accept automatically the increase in reinsurance but not to exceed our automatic binding limit. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk each policy involved will be proportionately increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of the aggregate total insurance retained by you on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll You will reduce your reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurer, our percentage of the increased or reduced reinsurance will be the same as our percentage of the initial reinsurance of the individual riskeach policy. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk policy involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will refund to you all unearned reinsurance premiums not including policy fees, less applicable allowancespremiums, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. A. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, where full underwriting evidence according to your regular underwriting rules is not required, the insurance will shall continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.Reinsurer. 2. B. If the insurance reinsured under this Agreement increases and: A. 1. The increase is subject to new underwriting evidence, the provisions of Article ARTICLE I - REINSURANCE COVERAGE shall apply to the increase in reinsurance. B. 2. The increase is not subject to new underwriting evidence, we will the Reinsurer shall accept automatically the increase in reinsurance but reinsurance, provided that the total amount ceded does not to exceed our the Reinsurer's automatic binding limit. 3. C. If the amount of insurance provided by a policy reinsured under this Agreement is increased or reduced, the Reinsurer's share of such increase or reduction shall be the percentage set forth in Exhibit II, based on the date the policy was first reinsured under this Agreement. D. If insurance reinsured under this Agreement is increased or reduced, the reinsurance for Reinsurer's share of any adjustments to cash values, reserves, policy loans, or other shared values shall be the individual risk involved will be increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of the aggregate insurance retained by you on an individual life reduces or terminatespercentage set forth in Exhibit II, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll reduce your reinsurance by applying the retention limits which were in effect at the time date the policy was issued. You will not be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsuredreinsured under this Agreement. 5. If the insurance for a risk is shared by more than one reinsurer, our percentage of the increased or reduced reinsurance will be the same as our initial reinsurance of the individual risk. 6. E. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will shall be terminated on the effective date of termination. 7. F. On facultative reinsurance, if you wish the Company wishes to reduce the mortality rating, this reduction will shall be subject to and reinsured reunderwritten on a facultative basis under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will G. The Reinsurer shall refund to you the Company all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article. H. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, the reinsurance allowances set forth in Exhibit IV shall be calculated, based on policy duration from the original date of issue, unless full new underwriting evidence according to the Company's regular underwriting rules is required. If such evidence is required, then the reinsurance allowance shall be based on the effective date of the replacement or change, but only in the proportion and to the extent that full first year compensation is payable, and subject to approval of the Reinsurer.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, Agreement where full medical underwriting evidence according to your Cedent's regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.Reinsurer. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we Reinsurer will accept automatically the increase in reinsurance but not to exceed our Reinsurer's automatic binding limit. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk involved each Covered Policy will be proportionately increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of the aggregate total insurance retained by you Cedent on an individual life reinsured hereunder reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll Cedent will reduce your Cedent's reinsurance by applying the retention limits which were in effect at the time the policy Covered Policy was issued. You Cedent will not be required to retain an amount in excess of your Cedent's regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy Covered Policy on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurer, our percentage of the increased or reduced reinsurance will be the same as our initial reinsurance of the individual risk. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, Agreement where full underwriting evidence according to your Cedent's regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.Reinsurer. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I and II or Article III shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we Reinsure will accept automatically the increase in reinsurance but not to exceed our Reinsurer's automatic binding limit. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk each policy involved will be proportionately increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of the aggregate total insurance retained by you Cedent on an individual Individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll Cedent will reduce your Cedent's reinsurance by applying the retention limits which were in effect at the time the policy was issued. You Cedent will not be required to retain an amount in excess of your Cedent's regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You Cedent must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurer, our Reinsurer's percentage of the increased or reduced reinsurance will be the same as our Reinsurer's percentage of the initial reinsurance of the individual riskeach policy. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk policy involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you Cedent wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We Reinsurer will refund to you Cedent all unearned reinsurance premiums not including policy fees, less applicable allowancespremiums, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. A. If there in accordance with policy provisions the original policy is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, where full underwriting evidence according converted to your regular underwriting rules is not requiredpermanent life insurance, the insurance will life risk under the converted policy which exceeds the amount of risk originally retained by the CEDING COMPANY shall continue to be reinsured with us provided it meets BMA. B. If there is a replacement where full underwriting evidence is not required according to the initial minimum CEDING COMPANY regular underwriting rules, the life risk which exceeds the amount stated in Schedule A.of risk originally retained by the CEDING COMPANY shall continue to be reinsured with BMA- C. If there is a replacement where full underwriting evidence is required by the CEDING COMPANY, reinsurance may be ceded to BMA subject to a written agreement between BMA and the CEDING COMPANY. 2. If the amount of insurance under a policy or rider reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we will BMA shall accept automatically the increase in reinsurance but not to exceed our the automatic binding limit.limit as stated in Schedule A. 3. If the amount of insurance under a policy or rider reinsured under this Agreement is increased or reduced, the any increase or reduction in reinsurance for the individual risk involved will shall be increased or reduced by the same amount effective on the effective date of the increase or reductionreduction in the amount of insurance. 4. If any portion of the aggregate prior insurance retained by you the CEDING COMPANY on an individual life reduces or of terminates, any reinsurance under this Agreement based on the same life will shall also be reduced or terminated. You'll The CEDING COMPANY shall reduce your its reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not The "reinsurance adjustment due to lapse or reduction of previous insurance" shall be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy effective on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating date as the terminated lapse or reduction of prior insurance. If further reduction is required, the The reinsurance to be terminated or reduced will shall be determined by in chronological order in which by the reinsurance date the risk was first reinsured. 5. If the insurance for a risk is shared by Two or more than one reinsurer, our percentage of the increased or reduced reinsurance will be policies issued the same as our initial reinsurance of the individual risk. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will date shall be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding considered one policy. 10. We will refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, Agreement where full medical underwriting evidence according to your Cedent's regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.Reinsurer. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I and II or Article III shall apply to the increase in reinsurance. B. The increase is contractual and is not subject to new underwriting evidence, we Reinsurer will accept automatically the increase in reinsurance but not to exceed our Reinsurer's automatic binding limit. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk each policy involved will be proportionately increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of other policies on a life reduce, terminate or change, the aggregate insurance retained by you on an individual life reduces Cedent will not terminate or terminates, any reinsurance change the policy net amount at risk ceded under this Agreement based on the same life will also be reduced or terminated. You'll reduce your reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsuredAgreement. 5. If the insurance for a risk is shared by more than one reinsurer, our Reinsurer's percentage of the increased or reduced reinsurance will be the same as our Reinsurer's percentage of the initial reinsurance of the individual riskeach policy. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk policy involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish Cedent wishes to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We Reinsurer will refund to you Cedent all unearned reinsurance premiums not including policy fees, less applicable allowancespremiums, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, Agreement where full medical underwriting evidence according to your Cedent's regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.Reinsurer. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I and II or Article III shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we Reinsurer will accept automatically the increase in reinsurance but not to exceed our Reinsurer's automatic binding limit. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk each policy involved will be proportionately increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of the aggregate total insurance retained by you Cedent on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll Cedent will reduce your Cedent's reinsurance by applying the retention limits which that were in effect at the time the policy was issued. You Cedent will not be required to retain an amount in excess of your Cedent's regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You Cedent must first reduce the reinsurance of the insurance which that has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurer, our Reinsurer's percentage of the increased or reduced reinsurance will be the same as our Reinsurer's percentage of the initial reinsurance of the individual riskeach policy. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk policy involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish Cedent wishes to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We Reinsurer will refund to you Cedent all unearned reinsurance premiums not including policy fees, less applicable allowancespremiums, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, where full underwriting evidence according to your regular underwriting rules is not required, Agreement the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.Reinsurer. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I and II or Article III shall apply to the increase in reinsurance. New business Reinsurance Premium rates will apply. B. The increase is not subject to new underwriting evidence, we Reinsurer will accept automatically the increase in reinsurance but not to exceed our Reinsurer’s automatic binding limit. Point-in-scale Reinsurance Premium rates will apply. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk involved will be proportionately increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of the aggregate insurance retained by you on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll reduce your reinsurance by applying the retention limits which were in effect at the time the policy was issued. You Cedent will not be required to retain an amount in excess of your Cedent’s regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If other policies on a life reduce, terminate or change, Cedent will not terminate or change the insurance for policy Net Amount at Risk ceded under this Agreement on a risk is shared by more than one reinsurer, our percentage of the increased or reduced reinsurance will be the same as our initial reinsurance of the individual riskquota share basis. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk policy involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish Cedent wishes to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We Reinsurer will refund to you Cedent all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in of the insurance reinsured under this Agreement, Agreement where full underwriting evidence according to your our regular underwriting rules is not required, the insurance will continue to be reinsured with us you provided it meets the initial minimum amount stated in Schedule A. 2. If the insurance reinsured under this Agreement increases and; A. The increase is subject to new underwriting evidence, the provisions of Article I shall will apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we you will accept automatically the increase in reinsurance reinsurance, but not to exceed our automatic binding limit, as long as the increase resulted in accordance with our established underwriting rules. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk involved will be increased or reduced proportionally by the same amount taking into account Article I, Sections 1.G. & 1.H., on the effective date of increase or reduction. 4. If any portion of the aggregate total insurance retained by you us on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll We will reduce your our reinsurance by applying the retention limits which were in effect at the time the policy was issued. You We will not be required to retain an amount in excess of your our regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You We must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological effected in the inverse order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurerpool of reinsurers, our percentage of the increased or reduced reinsurance will be effected proportionally within each pool, but in the same as our initial reinsurance of inverse order by pool in which the individual riskinsurance was first reinsured. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you we wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We You will refund to you us all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, Agreement where full underwriting evidence according to your regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.under this Agreement. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we will accept automatically the increase in reinsurance but not to exceed our automatic binding limit. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk involved will be increased or reduced by the same amount on the effective date of increase or reduction. If an individual life is shared by more than one reinsurer, our share of the increase or decrease will be the same percentage as our initial reinsurance on the individual risk. 4. If any portion of the aggregate total insurance retained by you on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll You will reduce your reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurer, our percentage of the increased or reduced reinsurance will be the same as our initial percentage of reinsurance of the individual risk. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. A. If there in accordance with policy provisions the original policy is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, where full underwriting evidence according converted to your regular underwriting rules is not requiredpermanent life insurance, the insurance will life risk under the converted policy which exceeds the amount of risk originally retained by the CEDING COMPANY shall continue to be reinsured with us provided it meets BMA. B. If there is a replacement where full underwriting evidence is not required according to the initial minimum CEDING COMPANY regular underwriting rules, the life risk which exceeds the amount stated in Schedule A.of risk originally retained by the CEDING COMPANY shall continue to be reinsured with BMA. C. If there is a replacement where full underwriting evidence is required by the CEDING COMPANY, reinsurance may be ceded to BMA subject to a written agreement between BMA and the CEDING COMPANY. 2. If the amount of insurance under a policy or rider reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we will BMA shall accept automatically the increase in reinsurance but not to exceed our the automatic binding limit.limit as stated in Schedule A. 3. If the amount of insurance under a policy or rider reinsured under this Agreement is increased or reduced, the any increase or reduction in reinsurance for the individual risk involved will shall be increased or reduced by the same amount effective on the effective date of the increase or reductionreduction in the amount of insurance. 4. If any portion of the aggregate prior insurance retained by you the CEDING COMPANY on an individual life reduces or terminates, any the reinsurance under this Agreement based on shall not be adjusted. The CEDING COMPANY shall maintain the same life will also be reduced or terminated. You'll reduce your reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for on any policy on which reinsurance is being reducedreinsured under this agreement regardless of whether prior issued policies lapse, terminate, or reduce. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is requiredIn this situation, the reinsurance to be terminated or reduced will be determined by chronological order in which CEDING COMPANY would pick up their full retention on new policies issued after the reinsurance was first reinsuredpolicy reinsured under this agreement. 5. If the insurance for a risk is shared by more than one reinsurer, our BMA's percentage of the increased or reduced reinsurance will shall be the same as our BMA's percentage of initial reinsurance of the individual risk. 6. If insurance a risk reinsured under this Agreement is terminated, the reinsurance for the individual that risk involved will shall be terminated on as of the effective date of the termination. 7. On For facultative reinsurance, if you wish to reduce the CEDING COMPANY reduces the mortality rating, this the reduction will shall be subject to and reinsured under the facultative provisions of this AgreementAgreement as stated in Article I, Section 2. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will BMA shall refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. A. If there in accordance with policy provisions the original policy is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, where full underwriting evidence according converted to your regular underwriting rules is not requiredpermanent life insurance, the insurance will life risk under the converted policy which exceeds the amount of risk originally retained by the CEDING COMPANY shall continue to be reinsured with us provided it meets GENERALI. B. If there is a replacement where full underwriting evidence is not required according to the initial minimum CEDING COMPANY regular underwriting rules, the life risk which exceeds the amount stated in Schedule A.of risk originally retained by the CEDING COMPANY shall continue to be reinsured with GENERALI. C. If there is a replacement where full underwriting evidence is required by the CEDING COMPANY, reinsurance may be ceded to GENERALI subject to a written agreement between GENERALI and the CEDING COMPANY. 2. If the amount of insurance under a policy or rider reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we will GENERALI shall accept automatically the increase in reinsurance but not to exceed our the automatic binding limit.limit as stated in Schedule A. 3. If the amount of insurance under a policy or rider reinsured under this Agreement is increased or reduced, the any increase or reduction in reinsurance for the individual risk involved will shall be increased or reduced by the same amount effective on the effective date of the increase or reductionreduction in the amount of insurance. 4. If any portion of the aggregate prior insurance retained by you the CEDING COMPANY on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will shall also be reduced or terminated. You'll The CEDING COMPANY shall reduce your its reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not The "reinsurance adjustment due to lapse or reduction of previous insurance" shall be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy effective on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating date as the terminated lapse or reduction of prior insurance. If further reduction is required, the The reinsurance to be terminated or reduced will shall be determined by in chronological order in which by the reinsurance date the risk was first reinsured. Two or more policies issued the same date shall be considered one policy. 5. If the insurance for a risk is shared by more than one reinsurer, our GENERALI's percentage of the increased or reduced reinsurance will shall be the same as our GENERALI's percentage of initial reinsurance of the individual risk. 6. If insurance a risk reinsured under this Agreement is terminated, the reinsurance for the individual that risk involved will shall be terminated on as of the effective date of the termination. 7. On For facultative reinsurance, if you wish to reduce the CEDING COMPANY reduces the mortality rating, this the reduction will shall be subject to and reinsured under the facultative provisions of this AgreementAgreement as stated in Article I, Section 2. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will GENERALI shall refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance Insurance reinsured under this Agreement, Agreement where full underwriting evidence according to your Cedent's regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.Reinsurer. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I and II or Article III shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we Reinsurer will accept automatically the increase in reinsurance but not to exceed our Reinsurer's automatic binding limit. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk each policy involved will be proportionately increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of the aggregate total insurance retained by you Cedent on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll Cedent will reduce your Cedent's reinsurance by applying the retention limits which that were in effect at the time the policy was issued. You Cedent will not be required to retain an amount in excess of your Cedent's regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You Cedent must first reduce the reinsurance of the insurance which that has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurer, our Reinsurer's percentage of the increased or reduced reinsurance will be the same as our Reinsurer's percentage of the initial reinsurance of the individual riskeach policy. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk policy involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish Cedent wishes to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, Agreement where full medical underwriting evidence according to your Cedent's regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.Reinsurer. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I and II or Article III shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we Reinsurer will accept automatically the increase in reinsurance but not to exceed our Reinsurer's automatic binding limit.. This provision applies to all increases in coverage arising from the Company's Chart P program, as set forth in Schedule A. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk each policy involved will be proportionately increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of the aggregate total insurance retained by you Cedent on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll Cedent will reduce your Cedent's reinsurance by applying the retention limits which that were in effect at the time the policy was issued. You Cedent will not be required to retain an amount in excess of your Cedent's AD101 VUL REINSURANCE AGREEMENT regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You Cedent must first reduce the reinsurance of the insurance which that has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurer, our Reinsurer's percentage of the increased or reduced reinsurance will be the same as our Reinsurer's percentage of the initial reinsurance of the individual riskeach policy. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk policy involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish Cedent wishes to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in of the insurance reinsured under this Agreement, Agreement where full underwriting evidence according to your our regular underwriting rules is not required, the insurance will continue to be reinsured with us you provided it meets the initial minimum amount stated in Schedule A. 2. If the insurance reinsured under this Agreement increases and; A. The increase is subject to new underwriting evidence, the provisions of Article I shall will apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we as with the Guaranteed Insurability Rider, you will accept automatically the increase in reinsurance reinsurance, but not to exceed our automatic binding limit, as long as the increase resulted in accordance with our established underwriting rules. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk involved will be increased or reduced proportionally by the same amount taking into account Article I, Sections 1.G. & 1.H., on the effective date of increase or reduction. 4. If any portion of the aggregate total insurance retained by you us on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll We will reduce your our reinsurance by applying the retention limits which were in effect at the time the policy was issued. You We will not be required to retain an amount in excess of your our regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You We must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological effected in the inverse order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurerpool of reinsurers, our percentage of the increased or reduced reinsurance will be effected proportionally within each pool, but in the same as our initial reinsurance of inverse order by pool in which the individual riskinsurance was first reinsured. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you we wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We You will refund to you us all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. A. If there in accordance with policy provisions the original policy is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, where full underwriting evidence according converted to your regular underwriting rules is not requiredpermanent life insurance, the insurance will life risk under the converted policy which exceeds the amount of risk originally retained by the CEDING COMPANY shall continue to be reinsured with us provided it meets BMA. B. If there is a replacement where full underwriting evidence is not required according to the initial minimum CEDING COMPANY regular underwriting rules, the life risk which exceeds the amount stated in Schedule A.of risk originally retained by the CEDING COMPANY shall continue to be reinsured with BMA. C. If there is a replacement where full underwriting evidence is required by the CEDING COMPANY, reinsurance may be ceded to BMA subject to a written agreement between BMA and the CEDING COMPANY. 2. If the amount of insurance under a policy or rider reinsured under this the Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we will BMA shall accept automatically the increase in reinsurance but not to exceed our the automatic binding limit.limit as stated in Schedule A. 3. If the amount of insurance under a policy or rider reinsured under this Agreement is increased or reduced, the any increase or reduction in reinsurance for the individual risk involved will shall be increased or reduced by the same amount effective on the effective date of the increase or reductionreduction in the amount of insurance. 4. If any portion of the aggregate prior insurance retained by you the CEDING COMPANY on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will shall also be reduced or terminated. You'll The CEDING COMPANY shall reduce your its reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not The “reinsurance adjustment due to lapse or reduction of previous insurance” shall be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy effective on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating date as the terminated lapse or reduction of prior insurance. If further reduction is required, the The reinsurance to be terminated or reduced will shall be determined by in chronological order in which by the reinsurance date the risk was first reinsured. Two or more policies issued the same date shall be considered one policy. 5. If the insurance for a risk is shared by more than one reinsurer, our BMA’s percentage of the increased or reduced reinsurance will shall be the same as our BMA’s percentage of initial reinsurance of the individual risk. 6. If insurance a risk reinsured under this Agreement is terminated, the reinsurance for the individual that risk involved will shall be terminated on as of the effective date of the termination. 7. On For facultative reinsurance, if you wish to reduce the CEDING COMPANY reduces the mortality rating, this the reduction will shall be subject to and reinsured under the facultative provisions of this AgreementAgreement as stated in Article I, Section 2. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will BMA shall refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, Agreement where full underwriting evidence according to your regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.us. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we will accept automatically the increase in reinsurance but not to exceed our automatic binding limit. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk each policy involved will be proportionately increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of the aggregate total insurance retained by you on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life fife will also be reduced or terminated. You'll You will reduce your reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurer, our percentage of the increased or reduced reinsurance will be the same as our percentage of the initial reinsurance of the individual riskeach policy. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk policy involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual changechange where full underwriting evidence is not required, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will refund to you all unearned reinsurance premiums not including policy feespremiums, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, Agreement where full fully underwriting evidence according to your regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.under this Agreement. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidenceincreases, the provisions of Article I shall apply to the increase in reinsurance. B. The increase is will not subject to new underwriting evidence, we will accept automatically the increase in reinsurance but not to exceed our automatic binding limitbe reinsured under this Agreement. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk involved will be increased or reduced by the same amount on the effective date of increase or reduction. If an individual life is shared by more than one reinsurer, our share of the decrease will be the same percentage as our initial reinsurance on the individual risk. 4. If any portion of the aggregate total insurance retained by you on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll You will reduce your reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurer, our percentage of the increased or reduced reinsurance will be the same as our initial percentage of reinsurance of the individual risk. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article. 8. Changes as a result of extended term or reduced paid-up will be handled as reductions.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. A. If there in accordance with policy provisions the original policy is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, where full underwriting evidence according converted to your regular underwriting rules is not requiredpermanent life insurance, the insurance will life risk under the converted policy which exceeds the amount of risk originally retained by the CEDING COMPANY shall continue to be reinsured with us provided it meets LINCOLN. B. If there is a replacement where full underwriting evidence is not required according to the initial minimum CEDING COMPANY regular underwriting rules, the life risk which exceeds the amount stated in Schedule A.of risk originally retained by the CEDING COMPANY shall continue to be reinsured with LINCOLN. C. If there is a replacement where full underwriting evidence is required by the CEDING COMPANY, reinsurance may be ceded to LINCOLN subject to a written agreement between LINCOLN and the CEDING COMPANY. 2. If the amount of insurance under a policy or rider reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we will LINCOLN shall accept automatically the increase in reinsurance but not to exceed our the automatic binding limit.limit as stated in Schedule A. 3. If the amount of insurance under a policy or rider reinsured under this Agreement is increased or reduced, the any increase or reduction in reinsurance for the individual risk involved will shall be increased or reduced by the same amount effective on the effective date of the increase or reductionreduction in the amount of insurance. 4. If any portion of the aggregate prior insurance retained by you the CEDING COMPANY on an individual life reduces or terminates, any the reinsurance under this Agreement based on shall not be adjusted. The CEDING COMPANY shall maintain the same life will also be reduced or terminated. You'll reduce your reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for on any policy on which reinsurance is being reducedreinsured under this agreement regardless of whether prior issued policies lapse, terminate, or reduce. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is requiredIn this situation, the reinsurance to be terminated or reduced will be determined by chronological order in which CEDING COMPANY would pick up their full retention on new policies issued after the reinsurance was first reinsuredpolicy reinsured under this agreement. 5. If the insurance for a risk is shared by more than one reinsurer, our LINCOLN's percentage of the increased or reduced reinsurance will shall be the same as our LINCOLN's percentage of initial reinsurance of the individual risk. 6. If insurance a risk reinsured under this Agreement is terminated, the reinsurance for the individual that risk involved will shall be terminated on as of the effective date of the termination. 7. On For facultative reinsurance, if you wish to reduce the CEDING COMPANY reduces the mortality rating, this the reduction will shall be subject to and reinsured under the facultative provisions of this AgreementAgreement as stated in Article I, Section 2. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will LINCOLN shall refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, Agreement where full medical underwriting evidence according to your Cedent's regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.Reinsurer. 2. If the insurance reinsured under this Agreement increases and A. The increase is subject to new underwriting evidence, the provisions of Article I and II or Article III shall apply to the increase in reinsurance. B. The increase is not subject to new underwriting evidence, we Reinsurer will accept automatically the increase in reinsurance but not to exceed our Reinsurer's automatic binding limit. 3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk each policy involved will be proportionately increased or reduced by the same amount on the effective date of increase or reduction. 4. If any portion of the aggregate total insurance retained by you Cedent on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll Cedent will reduce your Cedent's reinsurance by applying the retention limits which that were in effect at the time the policy was issued. You Cedent will not be required to retain an amount in excess of your Cedent's regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You Cedent must first reduce the reinsurance of the insurance which that has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured. 5. If the insurance for a risk is shared by more than one reinsurer, our percentage of the increased or reduced reinsurance will be the same as our initial reinsurance of the individual risk. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.

REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there Whenever a change is a contractual or non-contractual replacement or change made in the insurance status, plan, amount or other material feature of a policy reinsured under this Agreement, where full underwriting evidence according to your regular underwriting rules is not requiredthe Reinsurer will, upon receipt of notification of the insurance change, provide adjusted reinsurance coverage in accordance with the provisions of this Agreement. The Ceding Company will continue to be reinsured with us provided it meets notify the initial minimum amount stated in Schedule A. 2Reinsurer of any such change within thirty (30) days of its effective date. If -------------------------------------------------------------------------------- REDUCTIONS AND TERMINATIONS 6.1 In the insurance event of the reduction, lapse, or termination of a policy or policies reinsured under this Agreement increases and A. The increase is subject to new underwriting evidenceor any other agreement, the provisions of Article I shall Ceding Company will reduce or terminate reinsurance on that life. The reinsured amount on the life with all reinsurers will be reduced, effective on the same date, by the amount required such that the Ceding Company maintains its retention as defined under this Agreement. The reinsurance reduction will apply first to the increase in reinsurance. B. The increase is not subject policy or policies being reduced and then, on a chronological basis, to new underwriting evidenceother reinsured policies on the life, we will accept automatically beginning with the increase in reinsurance but not to exceed our automatic binding limit. 3oldest policy. If the insurance a fully retained policy on a life that is reinsured under this Agreement is increased terminated or reduced, the Ceding Company will reduce the existing reinsurance for on that life by a corresponding amount, with the individual reinsurance on the oldest policy being reduced first. If the amount of reduction exceeds the risk involved amount reinsured, the reinsurance on the policy or policies will be increased or reduced by terminated. The Reinsurer will refund any unearned reinsurance premiums net of allowances. However, the same amount on reinsured portion of any policy fee will be deemed earned for a policy year if the effective date of increase or reduction. 4. If policy is reinsured during any portion of that policy year. -------------------------------------------------------------------------------- INCREASES 6.2 Contractual and noncontractual increases and decreases are not permitted under this reinsurance without the aggregate insurance retained by you Reinsurer's prior written consent. -------------------------------------------------------------------------------- RISK CLASSIFICATION CHANGES 6.3 Risk classification changes are not permitted under this reinsurance. -------------------------------------------------------------------------------- REINSTATEMENT 6.4 If a policy reinsured on an individual life reduces or terminatesautomatic basis is reinstated in accordance with its terms and in accordance with Ceding Company rules and procedures, any the Reinsurer will, upon notification of reinstatement, reinstate the reinsurance coverage. Upon reinstatement of the reinsurance coverage, the Ceding Company will pay the contractual reinsurance premiums plus accrued interest for the period and at the interest rate which it receives on premiums in arrears. -------------------------------------------------------------------------------- NONFORFEITURE BENEFITS 6.5 a. Extended Term If the original policy lapses and extended term insurance is elected under this Agreement based the terms of the policy, reinsurance will continue on the same life will also be reduced or terminated. You'll reduce your reinsurance by applying basis as under the retention limits which were in effect at original policy until the time the policy was issued. You will not be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You must first reduce the reinsurance expiry of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsuredextended term period. 5. If the insurance for a risk is shared by more than one reinsurer, our percentage of the increased or reduced reinsurance will be the same as our initial reinsurance of the individual risk. 6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will be terminated on the effective date of termination. 7. On facultative reinsurance, if you wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement. 8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us. 9. If the insurance is reinsured on a coinsurance basis, we must give you the same dividends, paid-up, cash or other non-forfeiture values you provide under your corresponding policy. 10. We will refund to you all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.