INTERESTS AND LIABILITIES AGREEMENT (the "Agreement")
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XXX XXXXXXXXX
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(the "Agreement")
of
SWISS RE LIFE & HEALTH AMERICA INC.
(the "Subscribing Reinsurer")
as respects the
LIFE SURPLUS SHARE REINSURANCE CONTRACT
Effective: January 1, 2017
(the "Contract")
issued to and executed by
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
Newark, New Jersey
including any and/or all companies that are or may hereafter become affiliated therewith
(collectively, the "Company")
The Subscribing Reinsurer's share in the interests and liabilities of the Reinsurer as set forth in the Contract shall be 100.00%.
The share of the Subscribing Reinsurer in the interests and liabilities of the Reinsurer in respect of the Contract shall be separate and apart from the shares of other subscribing reinsurers, if any, on the Contract. The interests and liabilities of the Subscribing Reinsurer shall not be joint with those of such other subscribing reinsurers and in no event shall the Subscribing Reinsurer participate in the interests and liabilities of such other subscribing reinsurers.
This Agreement shall become effective at 12:01 a.m., Local Standard Time, January 1, 2017 and shall be subject to the provisions of the Term Article and the Special Termination Article and all other terms and conditions of the Contract.
Premium and loss payments made to Xxx Xxxxxxxxx shall be deposited in a Premium and Loss Account in accordance with Section 32.3(a)(1) of Regulation 98 of the Department of Financial Services of the State of New York. The Subscribing Reinsurer consents to withdrawals from said account in accordance with Section 32.3(a)(3) of the Regulation, including interest and Federal Excise Tax.
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DOC: December 29, 2016
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Effective: January 1, 2017
UlG30006
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1 of 2
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XXX XXXXXXXXX
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Brokerage for Xxx Xxxxxxxxx (US) hereunder is 5.0% of gross ceded premium for the first
$2,000,000 of ceded premium for each Contract Year and 3.0% of gross ceded premium in excess of $2,000,000 for each Contract Year.
IN WITNESS WHEREOF, the Subscribing Reinsurer has caused this Agreement to be executed by its duly authorized representative as follows:
on this 29th day of December , in the year 2 016.
SWISS RE LIFE & HEALTH AMERICA INC.
/s/ Xxxxxxxxxxx X. Xxxxxx /s/ Xxxxx Xxxxxx
Xxxxxxxxxxx X. Xxxxxx Xxxxx Xxxxxx
Vice President Vice President
Market Reference Number:
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA LIFE SURPLUS SHARE REINSURANCE CONTRACT
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DOC: December 29, 2016
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Effective: January 1, 2017
UlG30006
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2 of 2
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