AMENDMENT to the AUTOMATIC YRT AGREEMENT between MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, (hereinafter referred to as the “Ceding Company”) and SCOR GLOBAL LIFE REINSURANCE COMPANY OF AMERICA (hereinafter referred to as the “Reinsurer”) Original...
Exhibit 26 (g) iv. a. 3.
AMENDMENT to the
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
C.M. LIFE INSURANCE COMPANY, and
MML BAY STATE LIFE INSURANCE COMPANY
(hereinafter referred to as the “Ceding Company”)
and
SCOR GLOBAL LIFE REINSURANCE COMPANY OF AMERICA
(hereinafter referred to as the “Reinsurer”)
Original Treaty Effective Date: August 1, 2008
Coverage: Variable Universal Life III
This Amendment is effective beginning August 1, 2008. The applicable sections of the above-referenced Agreement are hereby changed as follows clarifying premium rates.
1. | Schedule E – Reinsurance Premium Rates, Premiums for Standard Risks: |
Schedule E is hereby replaced with the attached Schedule E – Reinsurance Premium Rates, Premiums for Standard Risks (pages 3-4).
2. | 2001 VBT Sex and Smoker Distinct Select and Ultimate Table: This table is hereby replaced with the attached 2001 VBT Sex and Smoker Distinct Select and Ultimate Table (pages 5-20). |
All other conditions of this Agreement not in conflict with the terms and conditions of this Amendment will continue unchanged.
IN WITNESS WHEREOF, both parties in duplicate hereby execute this Amendment in good faith:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||||||||
By: | /s/ Xxxxx X Xxxxxx |
Date: | 10-7-11 | |||||
Xxxxx X. Xxxxxx | ||||||||
Second Vice President & Actuary | ||||||||
MML BAY STATE LIFE INSURANCE COMPANY | ||||||||
By: | /s/ Xxxxx X Xxxxxx |
Date: | 10-7-11 | |||||
Xxxxx X. Xxxxxx | ||||||||
Second Vice President & Actuary |
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C.M. LIFE INSURANCE COMPANY | ||||||||
By: | /s/ Xxxxx X Xxxxxx |
Date: | 10-7-11 | |||||
Xxxxx X. Xxxxxx | ||||||||
Second Vice President & Actuary | ||||||||
SCOR GLOBAL LIFE REINSURANCE COMPANY OF AMERICA | ||||||||
By: | /s/ Xxx Xxxxxx |
Date: | October 4, 2011 | |||||
Print name: Xxx Xxxxxx | ||||||||
Title: VP, Pricing | ||||||||
SCOR GLOBAL LIFE REINSURANCE COMPANY OF AMERICA | ||||||||
By: | /s/ Xxxxx Xxxxxxx |
Date: | October 4, 2011 | |||||
Print name: Xxxxx Xxxxxxx | ||||||||
Title VP, Treaties |
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SCHEDULE E: REINSURANCE PREMIUM RATES
Premiums for Standard Risks (Currency – U.S. Dollars)
. The premium rates :
Single Life Five Class
Issue Ages
Risk Class |
Male | Female | ||
|
[tables deleted]
The premium shall be .
Facultative cessions will be accepted at .
Premium Rates for Table Rated Risks
For life insurance on a risk classified as substandard which is assigned a table rating, the reinsurance premium rates per thousand shall be the premium rates specified above in the section titled Premiums for Standard Risks increased by % per table. (For example, the premium rate for a Table 4, or D, risk would be % of the standard premium rate).
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SCHEDULE E: REINSURANCE PREMIUM RATES
(Continued)
Premium Rates for Risks with Flat Extras
For a risk assigned a flat extra premium, the reinsurance premium rates per thousand of net amount at risk shall be the premium rates for the appropriate risk class specified above in Premiums for Standard Risks increased by the following percentages of the flat extra premiums applicable to the initial face amount reinsured:
(1) | % of the first policy year and % for renewal years if the extra premium is payable for more than five (5) years; |
(2) | % for all policy years if the extra premium is payable for five (5) years or less. |
Policy Fees: No policy fees shall be paid under this Agreement.
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Male Nonsmoker 2001 Valuation Basic Table
Issue Age 0-51, Policy Years 1-14
[table deleted]
[page break]
Male Nonsmoker 2001 Valuation Basic Table
Issue Age 0-51, Policy Years 15-25
[table deleted]
[page break]
Male Nonsmoker 2001 Valuation Basic Table
Issue Age 52-99, Policy Years 1-14
[table deleted]
[page break]
Male Nonsmoker 2001 Valuation Basic Table
Issue Age 52-99, Policy Years 15-25
[table deleted]
[page break]
Male Smoker 2001 Valuation Basic Table
Issue Age 0-51, Policy Years 1-14
[table deleted]
[page break]
Male Smoker 2001 Valuation Basic Table
Issue Age 0-51, Policy Years 15-25
[table deleted]
[page break]
Male Smoker 2001 Valuation Basic Table
Issue Age 52-99, Policy Years 1-14
[table deleted]
[page break]
Male Smoker 2001 Valuation Basic Table
Issue Age 52-99, Policy Years 15-25
[table deleted]
[page break]
Female Non Smoker 2001 VBT Basic Table
Issue Age 0-51, Policy Years 1-14
[table deleted]
[page break]
Female Non Smoker 2001 VBT Basic Table
Issue Age 0-51, Policy Years 15-25
[table deleted]
[page break]
Female Non Smoker 2001 VBT Basic Table
Issue Age 52-99, Policy Years 1-14
[table deleted]
[page break]
Female Non Smoker 2001 VBT Basic Table
Issue Age 52-99, Policy Years 15-25
[table deleted]
[page break]
Female Smoker 2001 VBT Basic Table
Issue Age 0-51, Policy Years 1-14
[table deleted]
[page break]
Female Smoker 2001 VBT Basic Table
Issue Age 0-51, Policy Years 15-25
[table deleted]
[page break]
Female Smoker 2001 VBT Basic Table
Issue Age 52-99, Policy Years 1-14
[table deleted]
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Female Smoker 2001 VBT Basic Table
Issue Age 52-99, Policy Years 15-25
[table deleted]
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AMENDMENT to
ALL REINSURANCE AGREEMENTS
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, and
C.M. LIFE INSURANCE COMPANY
(hereinafter the “Ceding Company”)
and
SCOR GLOBAL LIFE REINSURANCE COMPANY OF AMERICA
(hereinafter the “Reinsurer”)
Effective August 1, 2011, the Amendment effective date, the corporate retention of the Ceding Company will be revised per the attached retention schedule.
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: | 10-7-11 | |||||
Xxxxx X. Xxxxxx | ||||||||
Second Vice President & Actuary | ||||||||
MML BAY STATE LIFE INSURANCE COMPANY | ||||||||
By: | /s/ Xxxxx X Xxxxxx |
Date: | 10-7-11 | |||||
Xxxxx X. Xxxxxx | ||||||||
Second Vice President & Actuary | ||||||||
C.M. LIFE INSURANCE COMPANY | ||||||||
By: | /s/ Xxxxx X Xxxxxx |
Date: | 10-7-11 | |||||
Xxxxx X. Xxxxxx | ||||||||
Second Vice President & Actuary |
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Retention Limits Eff. 8/1/11
SCOR GLOBAL LIFE REINSURANCE COMPANY OF AMERICA
By: | /s/ Xxxxx Xxxxxxx |
Date: | October 4, 2011 |
Print name: Xxxxx Xxxxxxx |
||||||||
Title: VP, Treaties |
SCOR GLOBAL LIFE REINSURANCE COMPANY OF AMERICA
By: | /s/ Xxx Xxxxxx |
Date: | October 3, 2011 | |||||
Print name: Xxx Xxxxxx | ||||||||
Title: VP, Pricing |
[page break]
RETENTION LIMITS
[table deleted]
Effective 8/1/11