AMENDMENT
to the Risk Premium Reinsurance Agreement (the "Agreement")
effective September 1, 1983, between
CENTURY LIFE OF AMERICA of Waverly, Iowa,
hereinafter referred to as the "REINSURED,"
and
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY of Fort Xxxxx, Indiana,
hereinafter referred to as the "LINCOLN."
1. The REINSURED'S plans to be reinsured under the Agreement on and
after the first day of July, 1990, Bhall be those specified in the Appendix I,
attached hereto.
2. The reinsurance percentages for the REINSURED'S cost of insurance
rates shall be as described in Schedule D, Part VIII, attached hereto, and shall
apply to reinsurance of the REINSURED'S Flexible Advantage Life and Level Term
Rider plans ceded under the Agreement on and after the first day of July, 1990;
such premium rates shall apply only to reinsurance which when added to all other
reinsurance ceded by the REINSURED to the LINCOLN under all agreements does not
exceed $5,000,000 on any one life, and reinsurance ceded on the basis of such
premium rates shall
(a) be subject to a minimum cession of $5,000,
(b) not be eligible for experience refunds,
(c) not be eligible for production or persistency bonuses,
(d) not be eligible for premium tax reimbursement, and
(e) not be reduced as set forth in the "INCREASE IN LIMIT OF
RETENTION" article until it has been in force for at least ten
years or, in the case of continuations, until the number of years
the original policy and its continuation have been in force is at
least egual to the greater of ten years and the time period
specified for reinsurance of the original policy.
It is expressly understood and agreed that the provisions of this
amendment shall be subject to all the terms and conditions of the Agreement of
which this amendment is a part which do not conflict with the terms hereof.
IN WITNESS WHEREOF the parties hereto have caused this amendment to be
executed in duplicate on the dates shown below.
CENTURY LIFE OF AMERICA
Signed at Waverly, IA
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By /s/ Xxxxxx X. Xxxxxxxxxx By /s/ Xxxxxx Xxxxxx
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Title Vice President & Valuation Actuary Title Vice President Underwriting
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Date April 4, 1991 Date April 4, 1991
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THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
Signed at Fort Xxxxx, Indiana
By /s/ Xxxxx Xxxxxx By /s/ Xxxxx X. Xxxxxx
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Vice President Assistant Secretary
Date 4/8/91 Date April 8, 1991
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APPENDIX I
Insurance Subject to Reinsurance under this Agreement
A. One hundred percent of the REINSURED'S entire excess of its issues of the
following plans bearing register dates in the range shown below to insureds
having surnames beginning with the letters of the alphabet shown below.
Reinsurance Dates Letters
Plan Renewal Basis from through from through
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