Exhibit 10.44
AMENDMENT NO. 3
to the
RETROCESSION AGREEMENT
between
ALLSTATE LIFE INSURANCE COMPANY
and
ALLSTATE REINSURANCE, LTD.
This Amendment to the Retrocession Agreement between Allstate Life
Insurance Company ("Ceding Company") and Allstate Reinsurance, Ltd.
("Reinsurer") dated January 1, 1998, is made and entered by the parties
effective as of March 13, 2000.
WHEREAS, Ceding Company desires to retrocede to Reinsurer liabilities
under certain contracts specified in Exhibit A as amended and attached hereto,
and Reinsurer desires to accept such liabilities from Ceding Company;
NOW THEREFORE, Ceding Company and Reinsurer mutually agree as follows:
1. Ceding Company agrees to cede and Reinsurer agrees to accept Ceded
Policy Liabilities (as such term is defined in the Retrocession
Agreement) under Glenbrook Performance Plus annuities, as described
in amended Exhibit A attached hereto, and in accordance with the
terms and conditions of the Retrocession Agreement between the
parties.
2. Except as otherwise specified in this Amendment, the Retrocession
Agreement shall remain unchanged.
IN WITNESS HEREOF, the parties have caused this Amendment to be duly
executed in duplicate by their respective officers on the dates shown below.
ALLSTATE LIFE INSURANCE COMPANY
By:
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Title:
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Date:
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ALLSTATE REINSURANCE, LTD.
By:
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Title:
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Date:
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EXHIBIT A
CONTRACTS SUBJECT TO REINSURANCE
Glenbrook Advantage Annuity and contracts supplemental thereto, issued after
January 1, 1998 to customers of PNC BankCorp. and its subsidiaries and
affiliates.
Glenbrook Performance Plus and contracts supplemental thereto, issued after June
30, 1999 to customers of PNC BankCorp. and its subsidiaries and affiliates.
Glenbrook Advantage Plus and contracts supplemental thereto, issued on and after
March 13, 2000, to customers of PNC BankCorp. and its subsidiaries and
affiliates.
