AMENDMENT to the AUTOMATIC YRT AGREEMENT (“VUL QUOTA SHARE AGREEMENT”) Dated: September 1, 1998 between MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, and (the “Ceding Company” sometimes referred to as the “Reinsured”) and SECURITY LIFE OF DENVER...
Exhibit 26 (g) vi. a. 1.
AMENDMENT
to the
(“VUL QUOTA SHARE AGREEMENT”)
Dated: September 1, 1998
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY,
and
C.M. LIFE INSURANCE COMPANY
(the “Ceding Company” sometimes referred to as the “Reinsured”)
and
SECURITY LIFE OF DENVER INSURANCE COMPANY
(the “Reinsurer”)
The Agreement is amended as follows effective September 1, 1998:
Article I, Paragraph D is deleted in its entirety and replaced with:
“The risk shall not have been submitted on a facultative basis to the Reinsurer or any other reinsurer within the last years.”
All other terms and conditions of the Agreement not in conflict with the terms and conditions of this Amendment remain unchanged.
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Year Facultative Submission Amendment |
IN WITNESS WHEREOF, the parties hereby execute this Amendment in good faith:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X. Xxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Xxxxx X. Xxxxxx, FSA, MAAA | Xxxxxx X. Xxxxxxxxx, XX, CLU, ChFC | |||||||
Second Vice President & Actuary | Director of Reinsurance | |||||||
Date: | August 3, 2001 |
Date: | August 3, 2001 |
MML BAY STATE LIFE INSURANCE COMPANY
By: | /s/ Xx Xxxxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Xx Xxxxxxxx | Xxxxxx X. Xxxxxxxxx, XX, CLU, ChFC | |||||||
Second Vice President & Actuary | Director of Reinsurance | |||||||
Date: | August 3, 2001 |
Date: | August 3, 2001 |
C.M. LIFE INSURANCE COMPANY
By: | /s/ Xx Xxxxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Xx Xxxxxxxx | Xxxxxx X. Xxxxxxxxx, XX, CLU, ChFC | |||||||
Second Vice President & Actuary | Director of Reinsurance | |||||||
Date: | August 3, 2001 |
Date: | August 3, 2001 |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxxxxx X. Xxxxxxxxxxxx |
Witness: | /s/ Xxxx X. Xxxx | |||||
Title: | Director, Traditional Pricing |
Title: | Senior VP | |||||
Date: | July 20, 2001 |
Date: | July 20, 2001 |
AMENDMENT to
All YRT Quota Share Treaties
Except
Automatic Reinsurance Agreement dated 3/1/96
(New ARC – SD63 and SL44)
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, and
C.M. LIFE INSURANCE COMPANY
(the “Ceding Company” sometimes known as the “Reinsured”)
and
SECURITY LIFE OF DENVER INSURANCE COMPANY
(the “Reinsurer”)
As of effective date of the Agreement, the Ceding Company and the Reinsurer agree to amend the above-referenced Agreements as follows:
The term shall be defined as 1) the under this Agreement into a or 2) the .
shall continue to be reinsured under this Agreement which shall not be reinsured under this Agreement.
shall continue to be reinsured under this Agreement which shall not be reinsured under this Agreement provided, however, that in regard to shall not be reinsured under this Agreement.
The term shall be defined as: 1) the under this Agreement , or 2) the under this Agreement .
shall not be reinsured under this Agreement.
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Amendment |
IN WITNESS WHEREOF, the parties hereto execute this Amendment in good faith:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X. Xxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxx XX | |||||
Xxxxx X. Xxxxxx | Xxxxxx X. Xxxxx, XX | |||||||
Second Vice President and Actuary | Second Vice President & Actuary | |||||||
Date: | 12/20/01 |
Date: | 12/20/01 |
MML BAY STATE LIFE INSURANCE COMPANY
By: | /s/ Xx Xxxxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxx XX | |||||
Xx Xxxxxxxx | Xxxxxx X. Xxxxx, XX | |||||||
Second Vice President and Actuary | Second Vice President & Actuary | |||||||
Date: | 12/20/01 |
Date: | 12/20/01 |
C.M. LIFE INSURANCE COMPANY
By: | /s/ Xx Xxxxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxx XX | |||||
Xx Xxxxxxxx | Xxxxxx X. Xxxxx, XX | |||||||
Second Vice President and Actuary | Second Vice President & Actuary | |||||||
Date: | 12/20/01 |
Date: | 12/20/01 |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxxxxx X. Xxxxxxxxxxxx |
Witness: | /s/ Xxxxx Xxxxx | |||||
Title: | Director, Traditional Pricing |
Title: | VP of Business Operations | |||||
Date: | December 5, 2001 |
Date: | 12/11/01 |
AMENDMENT to
All Agreements that Contain in Article I
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, or
C.M. LIFE INSURANCE COMPANY
(Reinsured)
and
SECURITY LIFE OF DENVER INSURANCE COMPANY
(Reinsurer)
Each Agreement will be amended as of its effective date as follows*:
Any reference to contained in “Article I: Automatic Reinsurance” is deleted in its entirety.
All terms and conditions of these Reinsurance Agreements not in conflict with the terms and conditions of this Amendment will continue unchanged.
*Explanation and Clarification
It is the intent of this Amendment to make the of the Agreement consistent with the Reinsured’s normal underwriting practices and guidelines. Rather than having specific language in the Agreement referencing , the normal underwriting practices and guidelines of the Reinsured (which includes ) shall be relied upon to qualify a risk for automatic reinsurance as stated in Article I of the Agreement. This will eliminate the need for future Amendments regarding changes in the Reinsured’s underwriting practices.
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Amendment |
IN WITNESS WHEREOF, this Amendment is executed in good faith by both parties:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X. Xxxxxx |
Witness: | /s/ Xxxxxx X. Zimmerman_ | |||||
Xxxxx X. Xxxxxx | Xxxxxx X. Xxxxxxxxx | |||||||
Second Vice President and Actuary | Director of Reinsurance | |||||||
Date: | 9/5/2000 |
Date: | 9/5/00 |
MML BAY STATE LIFE INSURANCE COMPANY
By: | /s/ Yek Xxxx Xxxxx FSA MAAA |
Witness: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Yek Xxxx X. Xxxxx | Xxxxxx X. Xxxxxxxxx | |||||||
Vice President | Director of Reinsurance | |||||||
Date: | 9/6/00 |
Date: | 9/6/00 |
C.M. LIFE INSURANCE COMPANY
By: | /s/ Yek Xxxx Xxxxx FSA MAAA |
Witness: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Yek Xxxx X. Xxxxx | Xxxxxx X. Xxxxxxxxx | |||||||
Vice President | Director of Reinsurance | |||||||
Date: | 9/6/00 |
Date: | 9/6/00 |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxxxxx X. Xxxxxxxxxxxx |
Witness: | /s/ Xxxxx Xxxxx | |||||
Title: | Director, Pricing & PD |
Title: | VP of Business Operations | |||||
Date: | August 17, 2000 |
Date: | 8/22/00 |
AMENDMENT
to all
Reinsurance Agreements
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, or
CM LIFE INSURANCE COMPANY
hereinafter referred to as the Reinsured(s)
and
SECURITY LIFE OF DENVER INSURANCE COMPANY
hereinafter referred to as the Reinsurer
The Reinsureds and the Reinsurer, as parties to the above referenced reinsurance agreements, hereby agree to amend them as of January 1, 1999 as follows:
If a new Reinsured issues a policy that is considered to be a continuation of the original insurance from a policy originally issued by another of the above three Reinsureds under the terms of a reinsurance agreement with the Reinsurer, then the new Reinsured will also be considered to be a party to that reinsurance agreement for purposes of the continuation of the original insurance clause.
All terms and conditions of these Reinsurance Agreements not in conflict with the terms and conditions of this Amendment will continue unchanged.
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IN WITNESS WHEREOF, the Reinsured and Reinsurer have caused their names to be subscribed and duly attested hereunder by their respective Authorized Officers.
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X. Xxxxxx |
Attest: | /s/ Xxxxxx X. Xxxxx | |||||
Xxxxx X. Xxxxxx | Xxxxxx X. Xxxxx | |||||||
Second Vice President and Actuary | Second Vice President and Actuary | |||||||
Date: | 3/8/00 |
Date: | 3/8/00 |
MML BAY STATE LIFE INSURANCE COMPANY
By: | /s/ Yek Xxxx Xxxxx FSA MAAA |
Attest: | /s/ Xx Xxxxxxxx | |||||
Yek Xxxx X. Xxxxx | Xx Xxxxxxxx | |||||||
Vice President | Assistant Vice President and Actuary | |||||||
Date: | 3/9/00 |
Date: | 3/9/00 |
CM LIFE INSURANCE COMPANY
By: | /s/ Yek Xxxx Xxxxx FSA MAAA |
Attest: | /s/ Xx Xxxxxxxx | |||||
Yek Xxxx X. Xxxxx | Xx Xxxxxxxx | |||||||
Vice President | Assistant Vice President and Actuary | |||||||
Date: | 3/9/00 |
Date: | 3/9/00 |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxxxxx X. Xxxxxxxxxxxx |
Attest: | /s/ Xxxxx Xxxxx | |||||
Title: | Director, Pricing and Product Dev |
Title: | VP of Business Operations | |||||
Date: | February 29, 2000 |
Date: | 3/02/00 |
AMENDMENT to
VUL Quota Share (9/1/98) | Effective: January 1, 1999 | LCR: | ||
APT Quota Share (9/16/96) | Effective: January 1, 1999 | LCR: | ||
Enterprise Plus UL Quota Share (9/16/96) | Effective: January 1, 1999 | LCR: | ||
Automatic Reinsurance Cession (ARC) Quota Share (3/1/96) | Effective: January 1, 1999 | LCR: |
Reinsurance Agreements
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, or
CM LIFE INSURANCE COMPANY
hereinafter referred to as the Reinsured(s)
and
SECURITY LIFE OF DENVER INSURANCE COMPANY
hereinafter referred to as the Reinsurer
The Reinsureds and the Reinsurer, as parties to the above referenced reinsurance agreements, hereby agree to amend them as of the date shown above with reference to payment of claims by superceding anything in the treaties that is in conflict with the following:
The for these treaties are shown above. .
The Reinsured will consult with the before , shall be binding on the Reinsurers. Such by either the or other .
If a claim is , the Reinsured will . The Reinsurer may decline to be a party to the contest, compromise, or litigation involved on a claim, in which case it shall pay the full amount of its share of the claim to the Reinsured. In such case, the Reinsurer shall not share in any expense involved in such contest, compromise, or litigation, or in any reduction in claim resulting therefrom.
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All terms and conditions of these Reinsurance Agreements not in conflict with the terms and conditions of this Amendment will continue unchanged.
IN WITNESS WHEREOF, the Reinsured and Reinsurer have caused their names to be subscribed and duly attested hereunder by their respective Authorized Officers.
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X. Xxxxxx |
Attest: | /s/ Xxxxxx X. Xxxxx | |||||
Xxxxx X. Xxxxxx | Xxxxxx X. Xxxxx | |||||||
Second Vice President and Actuary | Second Vice President and Actuary | |||||||
Date: | 3/27/00 |
Date: | 3/27/00 |
MML BAY STATE LIFE INSURANCE COMPANY
By: | /s/ Yek Xxxx Xxxxx FSA MAAA |
Attest: | /s/ Xx Xxxxxxxx | |||||
Yek Xxxx X. Xxxxx | Xx Xxxxxxxx | |||||||
Vice President | Assistant Vice President and Actuary | |||||||
Date: | 3/28/00 |
Date: | 3/28/00 |
CM LIFE INSURANCE COMPANY
By: | /s/ Yek Xxxx Xxxxx FSA MAAA |
Attest: | /s/ Xx Xxxxxxxx | |||||
Yek Xxxx X. Xxxxx | Xx Xxxxxxxx | |||||||
Vice President | Assistant Vice President and Actuary | |||||||
Date: | 3/28/00 |
Date: | 3/28/00 |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxxxxx X. Xxxxxxxxxxxx |
Attest: | /s/ Xxxxx Xxxxx | |||||
Title: | Director, Pricing & Product Dev |
Title: | VP of Business Operations | |||||
Date: | March 20, 2000 |
Date: | 3/21/00 |
AMENDMENT
to all
Reinsurance Agreements
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
Of Springfield, Massachusetts,
MML BAY STATE LIFE INSURANCE COMPANY
Of Hartford, Connecticut,
CM LIFE INSURANCE COMPANY
Of Hartford, Connecticut
(the Reinsureds)
and
SECURITY LIFE OF DENVER INSURANCE COMPANY
Of
Denver, Colorado
(the Reinsurer)
Effective September 1, 1999, the corporate retention of the Reinsureds will be revised per the attached retention schedule.
All terms and conditions of these Agreements not in conflict with the terms and conditions of this Amendment will continue unchanged.
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IN WITNESS WHEREOF, this Amendment is hereby executed in good faith by both parties in duplicate:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X. Xxxxxx |
Attest: | /s/ Xxxxxx X. Xxxxx | |||||
Xxxxx X. Xxxxxx, FSA, MAAA | Xxxxxx X. Xxxxx | |||||||
Second Vice President & Actuary | Second Vice President and Actuary | |||||||
Date: | 3/8/00 |
Date: | 3/8/00 |
CM LIFE INSURANCE COMPANY
By: | /s/ Yek Xxxx Xxxxx FSA MAAA |
Attest: | /s/ Xx Xxxxxxxx | |||||
Yek Soan Xx Xxxxx, FSA, MAAA | Xx Xxxxxxxx | |||||||
Vice President - Actuarial | Assistant Vice President & Actuary | |||||||
Date: | 3/9/00 |
Date: | 3/9/00 |
MML BAY STATE LIFE INSURANCE COMPANY
By: | /s/ Yek Xxxx Xxxxx FSA MAAA |
Attest: | /s/ Xx Xxxxxxxx | |||||
Yek Soan Xx Xxxxx, FSA, MAAA | Xx Xxxxxxxx | |||||||
Vice President - Actuarial | Assistant Vice President & Actuary | |||||||
Date: | 3/9/00 |
Date: | 3/9/00 |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxxxxx X. Xxxxxxxxxxxx |
Attest: | /s/ Xxxxx Xxxxx | |||||
Title: | Director, Pricing and Product Dev |
Title: | VP of Business Operations | |||||
Date: | February 29, 2000 |
Date: | 3/02/00 |
[page break]
RETENTION LIMITS
[table deleted]
AMENDMENT to
Agreements that initially referenced in Article I and that have an Amendment that was executed in 2000
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, and
C.M. LIFE INSURANCE COMPANY
(the “Ceding Company” sometimes referred to as the “Reinsured”)
and
SECURITY LIFE OF DENVER INSURANCE COMPANY
(the “Reinsurer”)
Effective June 15, 2001.
This Amendment supercedes and replaces in its entirety the prior Amendment to “Agreements that initially referenced in Article I and that have an Amendment that was executed in 2000”.
The Agreement is amended as follows:
For business issued before June 15, 2001, the Reinsurer shall reinsure and issued under the Ceding Company’s normal underwriting guidelines.
For business issued on or after June 15, 2001, the Reinsurer shall reinsure risks issued under the Ceding Company’s normal underwriting guidelines, .
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|
Amendment |
All terms and conditions of these Agreements not in conflict with the terms and conditions of this Amendment will continue unchanged.
IN WITNESS WHEREOF, the parties hereto execute this Amendment in good faith:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X. Xxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Xxxxx X. Xxxxxx | Xxxxxx X. Xxxxxxxxx XX, CLU, ChFC | |||||||
Second Vice President and Actuary | Director of Reinsurance | |||||||
Date: | 6/14/01 |
Date: | 6/14/01 |
MML BAY STATE LIFE INSURANCE COMPANY
By: | /s/ Xx Xxxxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Xx Xxxxxxxx, Second VP & Actuary | Director of Reinsurance | |||||||
Date: | 6/21/01 |
Date: | 6/21/01 |
C.M. LIFE INSURANCE COMPANY
By: | /s/ Xx Xxxxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Xx Xxxxxxxx, Second VP & Actuary | Director of Reinsurance | |||||||
Date: | 6/21/01 |
Date: | 6/21/01 |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxxxxx X. Xxxxxxxxxxxx |
Witness: | /s/ Xxxxx Xxxxx | |||||
Title: | Director, Traditional Pricing |
Title: | VP of Business Operations | |||||
Date: | June 8, 2001 |
Date: | 6/12/01 |
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Agreements with a prior Amendment
SECURITY LIFE OF DENVER INSURANCE COMPANY
Automatic YRT Agreement (Variable Universal Life) – Effective 9/1/98
Automatic YRT Agreement (APT80) – Effective 9/16/96
Automatic YRT Agreement (APT80) – Effective 3/29/93
Automatic YRT Agreement (Term 10/Enhanced Term 10) – Effective 3/29/93
Automatic YRT Agreement – Effective 7/1/92
AMENDMENT to
Automatic Quota Share Agreements (excludes ARC and Auto Excess) Commencing 1982 and Later
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, and
C.M. LIFE INSURANCE COMPANY
(the “Ceding Company” sometimes referred to as the “Reinsured”)
and
SECURITY LIFE OF DENVER INSURANCE COMPANY
(the “Reinsurer”)
Effective June 15, 2001.
The Agreement is amended as follows:
The Reinsurer shall reinsure covered risks that have a net amount at risk .
Risks that have been , will remain .
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|
NAR Amendment |
All terms and conditions of these Agreements not in conflict with the terms and conditions of this Amendment will continue unchanged.
IN WITNESS WHEREOF, the parties hereto execute this Amendment in good faith:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X. Xxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Xxxxx X. Xxxxxx | Xxxxxx X. Xxxxxxxxx XX, CLU, ChFC | |||||||
Second Vice President and Actuary | Director of Reinsurance | |||||||
Date: | 6/14/01 |
Date: | 6/14/01 |
MML BAY STATE LIFE INSURANCE COMPANY
By: | /s/ Xx Xxxxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Xx Xxxxxxxx, Second VP & Actuary | Director of Reinsurance | |||||||
Date: | 6/21/01 |
Date: | 6/21/01 |
C.M. LIFE INSURANCE COMPANY
By: | /s/ Xx Xxxxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
Xx Xxxxxxxx, Second VP & Actuary | Director of Reinsurance | |||||||
Date: | 6/21/01 |
Date: | 6/21/01 |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxxxxx X. Xxxxxxxxxxxx |
Witness: | /s/ Xxxxx Xxxxx | |||||
Title: | Director, Traditional Pricing |
Title: | VP of Business Operations | |||||
Date: | June 8, 2001 |
Date: | 6/12/01 |
[page break]
IMPACTED TREATIES
SECURITY LIFE OF DENVER INSURANCE COMPANY
Automatic YRT Agreement (APT80) – Effective 7/1/92
Automatic YRT Agreement (Enterprise+ UL - Quota Share - Pool) – Effective 9/16/96
Automatic YRT Agreement (VUL - Pool) – Effective 9/1/98
AMENDMENT to
ALL REINSURANCE AGREEMENTS
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
MML BAY STATE LIFE INSURANCE COMPANY, and
C.M. LIFE INSURANCE COMPANY
(the “Ceding Company” sometimes known as the “Reinsured”)
and
SECURITY LIFE OF DENVER INSURANCE COMPANY
(the “Reinsurer”)
As of July 1, 2001, the Ceding Company (including “any” or “all” of the three (3) entities listed above) and the Reinsurer agree to amend the above-referenced Agreement(s) to include the following important language:
Xxxxx-Xxxxx-Xxxxxx Privacy Requirements
The Ceding Company is a “financial institution” as that term is used in Title V of the Xxxxx-Xxxxx-Xxxxxx Act. The Ceding Company and Reinsurer may, from time to time, come into possession of “non-public personal information” as defined in Title V of the Xxxxx-Xxxxx-Xxxxxx Act. The “non-public personal information” may be transmitted by either the Ceding Company or Reinsurer to the other in accordance with the transmitting party’s then current privacy policy and practices, in order to allow the other party to perform pursuant to this Agreement. During the continuation of this Agreement and after its termination, the Ceding Company or Reinsurer shall at all times use reasonable care to maintain the confidentiality of the “non-public personal information” and shall not make any use of the “non-public personal information” beyond the purpose for which it was disclosed. The Ceding Company and Reinsurer agree that they will not transfer information to a third party, except as provided in this Agreement and as permitted by Title V of the Xxxxx-Xxxxx-Xxxxxx Act, such permission including, but not limited to, disclosure of Information if required by applicable federal, state or local legal requirement, order of a court of competent jurisdiction, properly authorized civil, criminal or regulatory investigation, subpoena by federal, state or local authorities, or to the Ceding Company’s or Reinsurer’s affiliates in order to fulfill the terms of this Agreement. The Ceding Company and Reinsurer agree that the Reinsurer may need to transfer “non-public personal information” to third party reinsurers for the purpose of obtaining reinsurance on risks subject to this Agreement. The Reinsurer will obtain agreements from any such third party reinsurers (as long as the third party is willing to release such document) that require the third party reinsurers to use reasonable care to maintain the confidentiality of the “non-public personal information”.
[page break]
|
Xxxxx-Xxxxx-Xxxxxx Privacy Amendment |
IN WITNESS WHEREOF, the parties hereto execute this Amendment in good faith:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X. Xxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxx XX | |||||
Xxxxx X. Xxxxxx | Xxxxxx X. Xxxxx, XX | |||||||
Second Vice President and Actuary | Second Vice President & Actuary | |||||||
Date: | 7/19/02 |
Date: | 7/19/02 |
MML BAY STATE LIFE INSURANCE COMPANY
By: |
/s/ Xx Xxxxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxx XX | |||||
Xx Xxxxxxxx | Xxxxxx X. Xxxxx, XX | |||||||
Second Vice President and Actuary | Second Vice President & Actuary | |||||||
Date: | 7/19/02 |
Date: | 7/19/02 |
C.M. LIFE INSURANCE COMPANY
By: | /s/ Xx Xxxxxxxx |
Witness: | /s/ Xxxxxx X. Xxxxx XX | |||||
Xx Xxxxxxxx | Xxxxxx X. Xxxxx, XX | |||||||
Second Vice President and Actuary | Second Vice President & Actuary | |||||||
Date: | 7/19/02 |
Date: | 7/19/02 |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxxxxx X. Xxxxxxxxxxxx |
Witness: | /s/ Xxxxx Xxxxx | |||||
Title: | Executive Director & Senior Actuary |
Title: | VP of Business Operations | |||||
Date: | July 3, 2002 |
Date: | 7/10/02 |
ING Re
UNITED STATES OF AMERICA
Xxxxxx X. Xxxxxxxx
Head of Contracts & Chief Compliance Officer
November 20, 2003
Xx. Xxxxx Xxxxx, EA, FSA, MAAA
Second Vice President & Actuary
Massachusetts Mutual Life Insurance Company
0000 Xxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000-000
Re: Compliance with Applicable Law and Regulations
Dear Xx. Xxxxxx:
As you are aware, there are a number of laws and regulations applicable to the business you issue and we reinsure. For example, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) administers and enforces economic sanctions against countries, entities and groups of individuals, such as terrorists and narcotics traffickers that may threaten the security of our country. These sanctions allow for the blocking of assets and install trade restrictions to accomplish foreign policy and national security goals. Additionally, U.S. persons, including institutions, are restricted from transacting business and distributing assets to individuals and companies reflected on a list as published periodically by OFAC. Collectively, such individuals and companies are called “Specially Designated Nationals and Blocked Persons” or “SDNs.” Any property in which an SDN has an interest (such as a life insurance policy) shall be blocked.
Our reinsurance agreements are affected as OFAC takes the position that (a) reinsurance of a risk that cannot be insured under OFAC regulations is also a violation of OFAC regulations, since it represents “indirect” participation in a transaction that is prohibited; and (b) reinsurance treaties should exclude such a risk. In addition, a reinsurer is directly prohibited from participating in a transaction that would, on its own, violate any OFAC regulations.
000 Xxxxxxxx Xxxxx Xxxxxxx • FI. Xxxxx, Xxxxxxx 00000
Telephone • Cell
Fax • E-mail
Security Life of Denver Insurance Company
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While we have installed processes designed to comply with US. laws and regulations, we rely on your company to comply with OFAC sanctions laws and serve as the first line defense against OFAC violations. In view of OFAC’s position, we believe we are not permitted to do business with any companies on the SDN list or with ties to prohibited countries, nor are we permitted to reinsure a risk on the SDN list or with ties to a prohibited country or provide payment of a death benefit that would provide a monetary benefit to a SDN or a prohibited country, including its citizens.
We also believe that ceding companies insuring non-US. lives present a slightly higher risk since the non-U.S. lives may be more prone to appear on the SDN list or be associated with a prohibited country. If our reinsurance agreements with you include coverage for non-U.S. lives, we have the following expectations to assist with our compliance with US. law:
• | A policy shall . |
• | The ceding company shall . |
• | A reinsured death claim shall . |
We suggest you file a copy of this letter with each of your reinsurance agreements with us. Future agreements will include specific language to assure we are making best efforts to be in compliance with applicable laws and regulations. If you have questions with respect to OFAC or other related matters, please do not hesitate to contact at .
Sincerely,
/s/ X X Xxxxxxxx |
Xxxxxx X. Xxxxxxxx |
Head of Contracts & Chief Compliance Officer |
000 Xxxxxxxx Xxxxx Xxxxxxx • Ft. Xxxxx. Indiana 46814
Telephone • Cell
Fax • E-mail Security Life of Denver Insurance Company
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
SECURITY LIFE OF DENVER INSURANCE COMPANY
(hereinafter referred to as the “Reinsurer”)
Original Treaty Effective Date: September 1, 1998
Coverage: VARIABLE UNIVERSAL LIFE
Effective March 1, 2004, the Amendment effective date, the applicable sections of Schedule B - Reinsurance Limits of the above-referenced Agreement will be replaced with the following:
Basis of Reinsurance: The Reinsurer shall participate in a pool of reinsurers for eligible plans.
Ceding Company’s Retention: The Ceding Company shall retain % on eligible policies and up to their maximum retention in Schedule I – Retention Limits, except for on which the Ceding Company shall retain % of such up to their maximum retention in Schedule I – Retention Limits.
Reinsurer’s Share: The Reinsurer’s share shall be % on eligible policies and .
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:
MML BAY STATE LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X Xxxxxx |
Date: | 8/7/08 | |||||
Xxxxx X. Xxxxxx | ||||||||
Second Vice President & Actuary |
[page break]
C.M. LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X Xxxxxx |
Date: | 8/7/08 | |||||
Xxxxx X. Xxxxxx | ||||||||
Second Vice President & Actuary |
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X Xxxxxx |
Date: | 8/7/08 | |||||
Xxxxx X. Xxxxxx | ||||||||
Second Vice President & Actuary |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxxx Xxxxxx |
Date: | 8/1/08 | |||||
Print name: | Xxxxx Xxxxxx |
|||||||
Title: | SVP |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxx X Xxxxxxx |
Date: | 8/1/08 | |||||
Print name: | Xxxx Xxxxxxx |
|||||||
Title | VP |
AMENDMENT
to the
AUTOMATIC YRT REINSURANCE AGREEMENT
(VUL)
EFFECTIVE SEPTEMBER 1, 1998
between
MML BAY STATE LIFE INSURANCE COMPANY,
C.M. LIFE INSURANCE COMPANY,
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
(the “Ceding Company” sometimes known as the “Reinsured”)
and
SECURITY LIFE OF DENVER INSURANCE COMPANY
(the “Reinsurer”)
This Amendment hereby terminates the reinsurance of new business on new lives with issue dates on or after November 1, 2004, the Amendment effective date, under the above treaty. All business inforce at that effective date shall remain reinsured hereunder until the termination, expiry, or of the underlying policy on which the reinsurance is based.
All other terms and conditions of these Agreements not in conflict with the terms and conditions of this Amendment will continue unchanged.
IN WITNESS WHEREOF, the parties hereto execute this Amendment in good faith:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By: | /s/ Xxxxx X Xxxxxx |
Date: | Nov 24, 2004 | |||||
Xxxxx X. Xxxxxx | ||||||||
Second Vice President & Actuary |
C.M. LIFE INSURANCE COMPANY
By: | /s/ Xx Xxxxxxxx |
Date: | 11/29/04 | |||||
Xx Xxxxxxxx | ||||||||
Second Vice President & Actuary |
Continued on Next Page
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Page 2
MML BAY STATE LIFE INSURANCE COMPANY
By: | /s/ Xx Xxxxxxxx |
Date: | 11/29/04 | |||||
Xx Xxxxxxxx | ||||||||
Second Vice President & Actuary |
SECURITY LIFE OF DENVER INSURANCE COMPANY
By: | /s/ Xxxxx Xxxxxxx, Xx |
Date: | November 9, 2004 | |||||
Xxxxx Xxxxxxx | ||||||||
Head of Client Product Solutions |
By: | /s/ J R Xxxx |
Date: | Nov 15, 2004 | |||||
Xxx Xxxx | ||||||||
President, Individual Reinsurance |