Common use of REINSURANCE REPORTS Clause in Contracts

REINSURANCE REPORTS. Reinsurance shall be self-administered by the Ceding Company. The Ceding Company shall maintain up-to-date records on business under the Agreement for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each reporting period. The reporting period shall be quarterly. The reports shall consist of sufficient detail for the Reinsurer to determine its amount of risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: Bordereau Detail Reports: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint Life Information Name of the Insured Policy Face Amount Sex Reinsurance Amount(s) Issued Date of Birth Retained Amount Issue Age Reinsurance Net Amount at Risk Policy Date Death Benefit Option Policy Year Reinsurance Premiums (First Year-End Renewal) Policy Duration Reinsurance Commission or Allowances Transaction Type* Policy Fee Transaction Effective Date Premium Taxes Reimbursed Table Rating Cash Values Reimbursed Flat Extra Amount and Duration Dividends Reimbursed Plan Name or Code Net Amount due the Reinsurer or the Ceding Company Underwriting Classification * Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not Takens Decrease in Amount Surrender Cancellation of Reinsurance Lapse Recapture Reinstatement Death Conversion Expiration Exchange Other Changes Increase in Amount Separate listings shall be provided for new issues, renewals, terminations, and other adjustments. [page break]

REINSURANCE REPORTS. Reinsurance shall be on a self-administered by the Ceding CompanyReinsured. The Ceding Company Reinsured shall maintain up-to-date records on business reinsured under the Agreement agreement sufficient for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each reporting period. The reporting period shall be quarterlymonth. The reports shall consist of sufficient detail for the Reinsurer to determine its amount of risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: Bordereau Detail Reports: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint Life Information Name of the Insured Policy Face Amount insured Sex Reinsurance Amount(s) Issued Date of Birth Retained Amount Issue Age Reinsurance Net Amount at Risk Policy Date Death Benefit Option Policy Year Reinsurance Premiums (First Year-End Renewal) year Policy Duration Transaction type* Transaction effective date Table rating Flat extra amount and duration Plan name or code Underwriting classification Joint life information Policy face amount Reinsurance Commission amount(s) issued Retained amount Reinsurance net amount at risk Death benefit option Reinsurance premiums (first year and renewal) Reinsurance commission or Allowances Transaction Type* allowances Policy Fee Transaction Effective Date fee Premium Taxes Reimbursed Table Rating taxes reimbursed Cash Values Reimbursed Flat Extra Amount and Duration values reimbursed Dividends Reimbursed Plan Name or Code reimbursed Net Amount amount due the Reinsurer or the Ceding Company Underwriting Classification * Reinsured *Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not Takens takens Surrender Lapse Reinstatement Conversion Exchange Increase in amount Decrease in Amount Surrender amount Cancellation of Reinsurance Lapse reinsurance Recapture Reinstatement Death Conversion Expiration Exchange Expiry Other Changes Increase in Amount Separate listings changes [page break] Summary reports shall be provided for new issuesto the Reinsured which include appropriate subtotals and totals of premiums, renewals, terminationscommissions and allowances, and other adjustmentspremium tax by reporting category and in total. [page break]Policy exhibit summaries shall also be provided to the Reinsured showing the reinsured amounts at the beginning of the reporting period, any increases, decreases and terminations during the reporting period, and the reinsured amounts at the end of the reporting period.

REINSURANCE REPORTS. Reinsurance shall be self-administered by the Ceding Company. The Ceding Company shall maintain up-to-date records on business under the Agreement for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each reporting period. The reporting period shall be quarterlymonthly. The reports shall consist of sufficient detail for the Reinsurer to determine its amount of risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: Bordereau Detail Reports: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint Life Information Name of the Insured Policy Face Amount Sex Reinsurance Amount(s) Issued Date of Birth Retained Amount Issue Age Reinsurance Net Amount at Risk Policy Date Death Benefit Option Policy Year Reinsurance Premiums (First Year-End Renewal) Policy Duration Reinsurance Commission or Allowances Transaction Type* Policy Fee Transaction Effective Date Premium Taxes Reimbursed Table Rating Cash Values Reimbursed Flat Extra Amount and Duration Dividends Reimbursed Plan Name or Code Net Amount due the Reinsurer or the Ceding Company Co. Underwriting Classification * Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not Takens Decrease in Amount Surrender Cancellation of Reinsurance Lapse Recapture Reinstatement Death Conversion Expiration Exchange Other Changes Increase in Amount Separate listings Listings shall be provided separately for new issues, renewals, terminations, and other adjustments. [page break].

REINSURANCE REPORTS. Reinsurance shall be self-administered by the Ceding Company. The Ceding Company shall maintain up-to-date records on business under the Agreement for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each reporting period. The reporting period shall be quarterly. The reports shall consist of sufficient detail for the Reinsurer to determine its amount of risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: Bordereau Detail Reports: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint Life Information Name of the Insured Policy Face Amount Sex Reinsurance Amount(s) Issued Date of Birth Retained Amount Issue Age Reinsurance Net Amount at Risk Policy Date Death Benefit Option Policy Year Reinsurance Premiums (First Year-End Renewal) Policy Duration Reinsurance Commission or Allowances Transaction Type* Policy Fee Transaction Effective Date Premium Taxes Reimbursed Table Rating Cash Values Reimbursed Flat Extra Amount and Duration Dividends Reimbursed Plan Name or Code Net Amount due the Reinsurer or the Ceding Company Underwriting Classification * Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not Takens Decrease in Amount Surrender Cancellation of Reinsurance Lapse Recapture Reinstatement Death Conversion Expiration Exchange Other Changes Increase in Amount 14 MM# 0102C Separate listings shall be provided for new issues, renewals, terminations, and other adjustments. [page break]

REINSURANCE REPORTS. Reinsurance shall be The Company acknowledges that timely and correct compliance with the reporting requirements of this Agreement are a material element of the Company's responsibilities hereunder and an important basis of the Reinsurer' s ability to reinsure the risks hereunder. Consistent and material non-compliance with reporting requirements, including extended delays, will constitute a material breach of the terms of this Agreement. Remittance The Company will self-administered by administer reinsurance transactions. Reinsurance premiums are payable as specified in the Ceding CompanyPremium Mode provision of Exhibit C-1 and Exhibit C-2. The Ceding During each accounting period, as defined below, the Company shall maintain up-to-date records on business under the Agreement for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports will report to the Reinsurer subsequent all first year and renewal premiums which became due during the previous accounting period. Reporting of business transactions should begin within ninety (90) calendar days of the latter of either the effective date of the Agreement or the execution of the Agreement, including policies with zero first year premium. Any adjustments made necessary by changes in reinsurance effective during a previous accounting period will also be reported. The Company will take credit, without interest, for any unearned premiums arising due to reductions, cancellations, risk classification changes or death claims. The unearned premiums refunded will be net of allowances and policy fees. The Company will pay the balance of net reinsurance premiums in arrears due under a reinstated Reinsured Policy. If a net balance is due to the close of each reporting periodReinsurer, the Company will forward a remittance and the report detailing the amount due. The reporting period shall be quarterly. The reports shall consist of sufficient detail for If the net balance is due to the Company, the Reinsurer to determine its amount will forward a remittance in settlement within thirty (30) calendar days of risk on reinsured policies and riders and to verify reinsurance premiumsreceipt of the report. Reports provided shall be the followingReport Requirements: Bordereau Detail Reports: New business and change reports shall be provided The Company will send to the Reinsurer on a bordereau basis and include the following itemsreports electronically, by the times indicated below: Policy Number Joint Life Information Name of the Insured Policy Face Amount Sex Reinsurance Amount(s) Issued Date of Birth Retained Amount Issue Age Reinsurance Net Amount at Risk Policy Date Death Benefit Option Policy Year Reinsurance Premiums (First Year-End Renewal) Policy Duration Reinsurance Commission or Allowances Transaction Type* Policy Fee Transaction Effective Date Premium Taxes Reimbursed Table Rating Cash Values Reimbursed Flat Extra Amount and Duration Dividends Reimbursed Plan Name or Code Net Amount due the Reinsurer or the Ceding Company Underwriting Classification * Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not Takens Decrease in Amount Surrender Cancellation of Reinsurance Lapse Recapture Reinstatement Death Conversion Expiration Exchange Other Changes Increase in Amount Separate listings shall be provided for new issues, renewals, terminations, and other adjustments. [page break]Report Accounting Period Due Date