AMENDMENT 2 to the AUTOMATIC AND FACULTATIVE YEARLY RENEWABLE TERM (YRT) AGREEMENT between MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, (hereinafter the “Ceding Company”) and MUNICH AMERICAN REASSURANCE COMPANY (hereinafter the “Reinsurer”) Coverage:...
Exhibit 26 (g) ii. b.
AMENDMENT 2 to the
AUTOMATIC AND FACULTATIVE YEARLY RENEWABLE TERM (YRT) AGREEMENT
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, and
C.M. LIFE INSURANCE COMPANY
(hereinafter the “Ceding Company”)
and
MUNICH AMERICAN REASSURANCE COMPANY
(hereinafter the “Reinsurer”)
Coverage: SL10/SL11/SL11B/SL15/SL16 (COLI/BOLI non-experience rated business only)
Original Treaty Effective Date: March 1, 2008
For new policies issued on or after January 1, 2010, (the “Amendment Effective Date”), the Ceding Company and the Reinsurer agree to replace Schedule F – Underwriting Guidelines of the above-referenced Agreement in its entirety with the attached Schedule F – Underwriting Guidelines which adds a new plan of insurance.
All terms and conditions of this Agreement not in conflict with the terms and conditions of this Amendment shall continue unchanged. IN WITNESS WHEREOF, this Amendment is hereby executed in good faith by both parties:
| MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X. Xxxxxx |
Date: | 7/23/10 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Second Vice President & Actuary | ||||||||
| MML BAY STATE LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X. Xxxxxx |
Date: | 7/23/10 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Second Vice President & Actuary | ||||||||
| C.M. LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X. Xxxxxx |
Date: | 7/23/10 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Second Vice President & Actuary | ||||||||
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| MUNICH AMERICAN REASSURANCE COMPANY | ||||||||
| By: | /s/ Xxxx X. Xxxxx |
Date: | 7/21/10 | |||||
| Print name: | Xxxx X. Xxxxx |
|||||||
| Title: | VP & Actuary, IL Marketing |
|||||||
| MUNICH AMERICAN REASSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx |
Date: | 7/21/10 | |||||
| Print name: | Xxxxxxx X. Xxxxxxxx |
|||||||
| Title: | 2nd VP, Treaty |
|||||||
Page 2 of 20
SCHEDULE F: UNDERWRITING GUIDELINES
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AMENDMENT 2 to the
AUTOMATIC AND FACULTATIVE YEARLY RENEWABLE TERM (YRT) AGREEMENT
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, and
C.M. LIFE INSURANCE COMPANY
(hereinafter the “Ceding Company”)
and
MUNICH AMERICAN REASSURANCE COMPANY
(hereinafter the “Reinsurer”)
Coverage: SL10/SL11/SL11B/SL15/SL16 (COLI/BOLI non-experience rated business only)
Original Treaty Effective Date: March 1, 2008
This Amendment is effective June 1, 2010.
Part I:
For new policies issued on or after June 1, 2010, (the “Amendment Effective Date”), the Ceding Company and the Reinsurer agree to replace Schedule A – Accepted Coverages of the above-referenced Agreement in its entirety with the attached Schedule A – Accepted Coverages which adds a new plan of insurance- to the Agreement.
Part II:
For new policies issued on or after June 1, 2010, (the Amendment Effective Date”), the Ceding Company and the Reinsurer agree to replace Schedule C – Special Net Amount At Risk Calculations of the above-referenced Agreement in its entirety with the attached Schedule C – Special Net Risk Calculations which adds a new plan of insurance to the Agreement.
Part III:
All terms and conditions of this Agreement not in conflict with the terms and conditions of this Amendment shall continue unchanged. IN WITNESS WHEREOF, this Amendment is hereby executed in good faith by both parties:
| MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X. Xxxxxx |
Date: | 7/23/10 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Second Vice President & Actuary | ||||||||
| MML BAY STATE LIFE INSURANCE COMPANY | ||||||||
| By: | /s/ Xxxxx X. Xxxxxx |
Date: | 7/23/10 | |||||
| Xxxxx X. Xxxxxx | ||||||||
| Second Vice President & Actuary | ||||||||
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| C.M. LIFE INSURANCE COMPANY | ||||||||||
| By: |
/s/ Xxxxx X. Xxxxxx |
Date: | 7/23/10 | |||||||
| Xxxxx X. Xxxxxx | ||||||||||
| Second Vice President & Actuary | ||||||||||
| MUNICH AMERICAN REASSURANCE COMPANY | ||||||||||
| By: | /s/ Xxxx X. Xxxxx |
Date: | 7/21/10 | |||||||
| Print name: | Xxxx X. Xxxxx |
|||||||||
| Title: | VP & Actuary, IL Marketing |
|||||||||
| MUNICH AMERICAN REASSURANCE COMPANY | ||||||||||
| By: | /s/ Xxxxxxx X. Xxxxxxxx |
Date: | 7/21/10 | |||||||
| Print name: | Xxxxxxx X. Xxxxxxxx |
|||||||||
| Title: | 2nd VP, Treaty |
|||||||||
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SCHEDULE A: ACCEPTED COVERAGES
Issuing Companies: Policies issued by the MML Bay State Life Insurance Company of Enfield, Connecticut, C.M. Life Insurance Company of Enfield, Connecticut, or Massachusetts Mutual Life Insurance Company of Springfield, Massachusetts, may be reinsured under this Agreement.
Type of Business: .
Plans of Insurance: .
Eligible Policies: .
Recapture .
Lead Underwriting Reinsurer: .
Duties and function of the Lead Underwriting Reinsurer:
In the circumstance that an individual case deviation from the guidelines in the underwriting manual occurs, the Lead Underwriting Reinsurer’s approval is the deciding factor in determining the acceptance of each deviation, and the Reinsurer in this Agreement must follow the Lead Underwriting Reinsurer’s decision.
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For the Ceding Company’s , the Net Amount at Risk is :
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