Exhibit 99.26(g)(1)
SWISS RE LIFE & HEALTH
AUTOMATIC REINSURANCE AGREEMENT
(GROUP LIFE AND GROUP ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS -- EXCESS
REINSURANCE)
between
NORTHSTAR LIFE INSURANCE COMPANY
Amherst, New York
and
SWISS RE LIFE & HEALTH AMERICA INC.
New York, New York
TABLE OF CONTENTS
ARTICLE TITLE PAGE(S)
I. Scope 1
II. Automatic Coverage 2 - 3
III. Facultative Reinsurance 4
IV. Mode of Cession 5 - 6
- Notification of Automatic Reinsurance
- Facultative Submissions
- Cession Form
V. Commencement and Termination of Liability 7
VI. Oversights - Clerical Errors 8
VII. Plan of Reinsurance 9
VII. Group Reinsurance Premium Rates 10 - 11
- Group Life
- Group Accidental Death and Dismemberment
- Reinsurance Rate Modification Procedure for All
Group Coverages
IX. Tax Credits 12
X. Premium Accounting 13 - 14
- Accounting-Following Termination of Agreement or
Master Policy
- Electronic Data Transmission
XI. Experience Refunds 15 - 17
XII. Conversions 18 - 19
XIII. Reinstatements 20
XIV. Reductions 21
XV. Recapture/Retention Limit Increases 22
XVI. Reinsurer's Right of Notice of Unusual Practices 23
XVII. Claims 24 - 25
TABLE OF CONTENTS
ARTICLE TITLE PAGE(S)
XVIII. Inspection of Records 26
XIX. Insolvency 27 - 28
XX. Arbitration 29
XXI. Parties to Agreement 30
XXII. Right of Offsetting Balances Due 31
XXIII. DAC Tax 32 - 33
XXIV. Duration of Agreement 34
XXV. Continuations 35
SIGNATURE PAGE 36
SCHEDULE
SCHEDULE A Maximum Limits of Issue if Automatic
Reinsurance is to Apply 37 - 39
SCHEDULE B Retention 40 - 41
SCHEDULE C Groups Not Eligible for Automatic Reinsurance
Under this Agreement 42 - 43
SCHEDULE D Facultative Submission of Group Life/AD&D Case 44 - 46
SCHEDULE E Facultative Group Reinsurance Confirmation 47 - 48
SCHEDULE F Group Life Reinsurance Premiums Rates 49 - 50
SCHEDULE G Group Life Conversions Reinsurance Statement 51 - 52
SCHEDULE H Yearly Renewable Term Reinsurance Premium
Rates for Converted Policies 53 - 55
SWISS RE LIFE & HEALTH
THIS AGREEMENT between NORTHSTAR LIFE INSURANCE COMPANY, a corporation organized
under the laws of the State of New York, hereinafter referred to as the
"COMPANY", and SWISS RE LIFE & HEALTH AMERICA INC., a corporation organized
under the laws of the State of New York, hereinafter referred to as "SWISS RE
LIFE & HEALTH", WITNESSETH AS FOLLOWS:
ARTICLE I
Scope
1. On and after the first day of January, 1998, the COMPANY shall reinsure
with SWISS RE LIFE & HEALTH amounts of Group Life (including Supplemental
and Voluntary, Short- and Long-Term Farm Credit, Group Universal Life,
Variable Group Universal Life) and Accidental Death and Dismemberment
Benefits issued directly by the COMPANY, in excess of its retention. Lives
becoming actively employed after the effective date of this Agreement shall
be included under this Agreement on the dates they become insured as
active, full-time employees. A proportionate share of any Disability
Benefit (Waiver of Premium or Extended Death) written supplemental to the
Life Benefit shall also be reinsured by SWISS RE LIFE & HEALTH. Reinsurance
may be ceded on an automatic basis, as provided in ARTICLE II, or may be
ceded facultatively, as provided in ARTICLE III.
2. SWISS RE LIFE & HEALTH shall reinsure any Accelerated Benefit amounts in
excess of the COMPANY'S retention.
ARTICLE II
AUTOMATIC COVERAGE
1. Except as provided in paragraph 2, below, whenever the COMPANY issues a
Group Life or a Group Accidental Death and Dismemberment Benefit
Certificate and retains its maximum risk retention as shown in Schedule B,
SWISS RE LIFE & HEALTH shall automatically accept such benefits in excess
of the COMPANY'S retention up to the limits shown in Schedule A.
EXCEPTIONS TO AUTOMATIC COVERAGE
2. Unless SWISS RE LIFE & HEALTH has specifically agreed to such reinsurance
in writing, no reinsurance may be ceded automatically, where:
a. the benefit limits exceed those specified in Schedule A, whether or
not the COMPANY is retaining for its own risk the excess over the
Schedule A limits;
b. the type of group is listed in Schedule C as an excluded type of
group;
c. the Group Program permits the selection of coverage amounts by the
individual lives insured, except as provided for in Schedule F;
d. coverage is granted to active employees after age 70 which exceeds 65%
of the coverage provided before age 65; however, if the minimum
requirements of the Age Discrimination in Employment Act (ADEA)
require higher benefits, the reinsurance may be ceded automatically if
the ADEA minimum standard are not exceeded;
2
e. the group would require reinsurance on lives after retirement;
f. the group is underwritten using substantial deviations from the
COMPANY'S usual underwriting rules (any increase in the Maximum Limit
of Issue specified in Schedule A, or a deviation of more than 10% from
any other rule or limit of the COMPANY shall constitute a substantial
deviation);
g. the Group Master Policy does not contain an actively-at-work
requirement;
h. disabled lives, who incurred their disability prior to the effective
date of the reinsurance on the Group, are to be covered;
i. Corporate-Owned Life Insurance Benefits/Advanced Market Product
Applications are included;
j. the type of group is an Association or a Multiple Employer Trust,
except as provided for in Article I.
3
ARTICLE III
Facultative Reinsurance
1. If the coverage provided to a Group does not qualify for automatic
reinsurance under Article II, or if the COMPANY does not care to cede
coverage on an automatic basis, it shall seek SWISS RE LIFE & HEALTH'S
facultative consideration of the case. SWISS RE LIFE & HEALTH shall have no
liability under such facultative applications unless it does make an offer
of coverage that is accepted by the COMPANY within 120 days of the date the
facultative offer is made by SWISS RE LIFE & HEALTH. SWISS RE LIFE & HEALTH
shall have no liability for any claim(s) of which the COMPANY had notice
prior to the date a facultative offer is accepted by the COMPANY.
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ARTICLE IV
MODE OF CESSION
NOTIFICATION OF AUTOMATIC REINSURANCE
1. On automatic reinsurance the COMPANY shall, after completing its papers and
approving the risk, promptly forward to SWISS RE LIFE & HEALTH a written
notification of the important details of the risk, including the total
volume and number of certificates in the group, the maximum certificate and
the individual amounts of Group Life and Group Accidental Death and
Dismemberment Benefits to be reinsured with SWISS RE LIFE & HEALTH.
FACULTATIVE SUBMISSIONS
2. When the COMPANY does submit a risk to SWISS RE LIFE & HEALTH on a
facultative basis, it shall communicate in writing or by telephone the
information indicated on Form Number L(GRP)476/5-95 and L(GRP)476a/8-95/D:1
(see SCHEDULE D) and send copies of all papers, including the Master
Application, Master Policy, a Certificate, proposal, and any other
information which the COMPANY may have relating to the insurability of the
risk. SWISS RE LIFE & HEALTH shall promptly notify the COMPANY of its
decision by telephone and will confirm it on Form Number L(GRP)200/11-95
(see SCHEDULE E).
CESSION FORM
3. As outlined in ARTICLE X, after the end of the month in which the first
premium has been received by the COMPANY, the COMPANY shall send to SWISS RE
LIFE & HEALTH a premium statement on a form mutually acceptable to the COMPANY
and SWISS RE LIFE & HEALTH. The initial premium statement for a case shall be
considered to be the cession form for that case.
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4. If copies of papers regarding the insurability of the risk, including the
Master Application, were not sent with the reinsurance notification, they shall
accompany the first premium statement.
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ARTICLE V
COMMENCEMENT AND TERMINATION OF LIABILITY
1. On automatic reinsurance coverage, the liability of SWISS RE LIFE & HEALTH
shall commence simultaneously with that of the COMPANY.
2. On facultative reinsurance coverage, the liability of SWISS RE LIFE &
HEALTH shall commence simultaneously with that of the COMPANY PROVIDED THE
COMPANY has accepted a facultative offer from SWISS RE LIFE & HEALTH within
120 days of the date SWISS RE LIFE & HEALTH made the facultative offer.
SWISS RE LIFE & HEALTH shall have no liability for any claims reported to
the COMPANY prior to the COMPANY'S acceptance of a facultative offer made
by SWISS RE LIFE & HEALTH.
3. The liability of SWISS RE LIFE & HEALTH shall terminate simultaneously with
that of the COMPANY unless terminated earlier in accordance with ARTICLES
VIII, XV, or XXIV of the Agreement.
4. Neither a merger involving the COMPANY nor the sale of reinsured group
business by the COMPANY shall affect the rights of SWISS RE LIFE & HEALTH
as reinsurer, nor shall it constitute termination of liability by the
COMPANY purposed of paragraph 3, above. After a merger or sale, the
acquiring company may introduce its own retention immediately if its
retention is lower than the retention of the original COMPANY. If the
retention of the acquiring company is greater than the retention of the
original COMPANY, the retention of the original COMPANY will continue to be
used under this Agreement for a three-year period following the effective
date of the merger or sale. At the end of this three- (3) year period, the
acquiring company may introduce its own retention and recapture all amounts
up to that retention.
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ARTICLE VI
OVERSIGHT - CLERICAL ERRORS
1. Should the COMPANY fail to cede reinsurance that otherwise would have been
ceded on an automatic basis in accordance with the provisions of this
Agreement, or should either the COMPANY or SWISS RE LIFE & HEALTH fail to
comply with any of the other terms of this Agreement, and if this is shown
to be unintentional and the result of a misunderstanding, oversight, or
clerical error on the part of either the COMPANY or SWISS RE LIFE & HEALTH,
then this Agreement shall not be deemed abrogated thereby, but both
companies shall be restored to the position they would have occupied had no
such oversight, misunderstanding, or clerical error occurred. Such
conditions are to be reported and corrected promptly after discovery.
2. If the COMPANY does discover that it did not cede reinsurance on a group
policy or group certificate it should have reinsured automatically under
this Agreement, SWISS RE LIFE & HEALTH shall require the COMPANY to do an
audit of its records sufficient to determine if automatic reinsurance was
unreported on any other policies or certificates.
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ARTICLE VII
PLAN OF REINSURANCE
1. Except as otherwise provided in this Agreement, the reinsurance ceded under
this Agreement shall be subject to the same term, conditions, limitations,
and restrictions as those contained in the Master Policy issued by the
COMPANY.
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ARTICLE VIII
GROUP REINSURANCE PREMIUM RATES
GROUP LIFE
1. SWISS RE LIFE & HEALTH shall coinsure the COMPANY'S rate basis including
volume, industry and geographic adjustment factors. For the Short- and
Long-Term Farm Credit business, SWISS RE LIFE & HEALTH shall pay its share
of commissions, state premium tax and fees, plus an expense allowance of
twelve percent (12%) for the first year and renewals. For all other risks
ceded under this Agreement, SWISS RE LIFE & HEALTH shall pay its share of
commissions, state premium tax and fees, plus an expense allowance of five
percent (5%) for the first year and two percent (2%) for renewals. Premium
rates for Supplemental and Voluntary group coverages will be determined
using the guidelines shown in SCHEDULE F.
For Group Universal Life and Variable Group Universal Life, premium shall
be based on the reinsurance net amount at risk.
2. The total reinsurance premium payable to SWISS RE LIFE & HEALTH shall be
the reinsurance premium rate per thousand dollars ($1,000) as defined in
the previous paragraph, multiplied by the amount of reinsurance and divided
by one thousand.
GROUP ACCIDENTAL DEATH AND DISMEMBERMENT
3. SWISS RE LIFE & HEALTH shall coinsure the COMPANY'S rate basis less a 15%
ceding allowance.
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REINSURANCE RATE MODIFICATION PROCEDURE FOR ALL GROUP COVERAGES
4. SWISS RE LIFE & HEALTH will notify the COMPANY, in writing, at least ninety
(90) days in advance of any modification of the reinsurance premium rates
desired by SWISS RE LIFE & HEALTH, and such modified reinsurance premium
rates shall be effective ninety (90) days from such notice unless the
COMPANY shall notify SWISS RE LIFE & HEALTH, in writing, within thirty (30)
days following receipt of such notice from SWISS RE LIFE & HEALTH that such
modified reinsurance premium rates are not acceptable to the COMPANY. If a
mutual agreement between SWISS RE LIFE & HEALTH and the COMPANY as to
proper reinsurance premium rates on any Master Policy reinsured under this
Agreement is not reached within sixty (60) days of SWISS RE LIFE & HEALTH
original notification, the reinsurance premium rates then in effect shall
continue unchanged, but SWISS RE LIFE & HEALTH may terminate the
reinsurance of such Master Policy upon thirty (30) days' written notice to
the COMPANY.
5. If the COMPANY wishes to change the terms of any Master Policy reinsured
under this Agreement, the COMPANY shall notify SWISS RE LIFE & HEALTH of
such change(s) at least ninety (90) days prior to the effective date of the
change in terms. Within sixty (60) days after receipt of the notice from
the COMPANY, SWISS RE LIFE & HEALTH will advise the COMPANY of any
modification in the reinsurance premium rate desired by SWISS RE LIFE &
HEALTH as a result of the Master Policy change(s). The modified reinsurance
premium rates shall become effective on the effective date of the Master
Policy change unless the COMPANY shall notify SWISS RE LIFE & HEALTH, in
writing, within thirty (30) days that the modification in the reinsurance
premium rate is not acceptable to the COMPANY. In such latter event, the
reinsurance rate modification shall not become effective, but SWISS RE LIFE
& HEALTH may, within thirty (30) days after receipt of such latter notice,
terminate by written notice the reinsurance on the changed Master Policy as
of the date of the change in the terms of the Master Policy.
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ARTICLE IX
TAX CREDITS
1. Except in those instances where SWISS RE LIFE & HEALTH is taxed directly
and independently on premiums collected by it from the COMPANY, SWISS RE
LIFE & HEALTH shall reimburse the COMPANY for taxes on reinsurance premiums
paid to states that do not allow reinsurance premiums paid to SWISS RE LIFE
& HEALTH by the COMPANY as a deduction in the tax statement of the COMPANY.
Such tax reimbursement shall be at an average tax rate unless the COMPANY
requests reimbursement at the exact tax rate.
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ARTICLE X
PREMIUM ACCOUNTING
1. Promptly after the close of each calendar month, the COMPANY shall send to
SWISS RE LIFE & HEALTH statements showing reinsurance premiums due SWISS RE
LIFE & HEALTH, and reinsurance premium overpayments due the COMPANY. If the
net balance is in favor of SWISS RE LIFE & HEALTH, the COMPANY shall remit
to SWISS RE LIFE & HEALTH the amount of such balance with the reinsurance
premium statement. If the net balance is in favor of the COMPANY, SWISS RE
LIFE & HEALTH shall remit to the COMPANY the amount of such balance within
thirty (30) days after the receipt of the reinsurance premium statement.
2. Separate premium statements shall be prepared for the first five hundred
thousand dollars ($500,000) or less of reinsurance coverage per certificate
and for the portion of reinsurance coverage in excess of five hundred
thousand dollars ($500,000) per certificate.
3. The five hundred thousand dollars ($500,000) and less per certificate
statement shall indicate the premium due, the number of lives and total
amount of reinsurance currently in force, and the change in the number of
lives and amount of reinsurance since the last statement.
4. The statement for portions of reinsurance coverage in excess of five
hundred thousand dollars ($500,000) per certificate shall provide the
following data on each certificate: insured's name or other identification,
date of birth or age and amount of reinsurance.
ACCOUNTING FOLLOWING TERMINATION OF AGREEMENT OR MASTER POLICY
5. Following termination of this Agreement or of any Master Policy reinsured
under this Agreement, as long as adjustments continue to be necessary, the
COMPANY will, from time to time but not less frequently than quarterly, submit
statements to SWISS RE LIFE & HEALTH supported by the appropriate records. If
such statement shall show a balance in favor of SWISS RE LIFE & HEALTH, the
COMPANY shall thereupon remit to SWISS RE LIFE & HEALTH the amount of such
balance. If such statement shall show a balance in favor of the COMPANY, SWISS
RE LIFE & HEALTH shall remit to the COMPANY the amount of such balance within
thirty (30) days after receipt of the statement.
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ELECTRONIC DATA TRANSMISSION
6. If the COMPANY chooses to report its reinsurance transactions via electronic
media, the COMPANY shall consult with SWISS RE LIFE & HEALTH to determine the
appropriate reporting format. Should the COMPANY subsequently desire to make
changes in the data format or the code structure, the COMPANY shall communicate
such changes to SWISS RE LIFE & HEALTH prior to the use of such changes in
reports to SWISS RE LIFE & HEALTH.
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ARTICLE XI
EXPERIENCE REFUNDS
1. Group Life reinsurance ceded under this Agreement for amounts up to and
including the pooling point shall be eligible for an experience refund. The
experience refund provisions and formula shall be as follows:
2. MINIMUM REFUND PREMIUM
Reinsurance earned paid premiums must be at least two hundred thousand
dollars ($200,000) in a calendar year.
If at the end of the year, the earned refund premiums paid to SWISS RE LIFE &
HEALTH are less than two hundred thousand dollars ($200,000), the account will
be converted to non-refund basis. No experience refund is payable for such year.
A loss in a non-refund year will not be carried over.
POOLING POINT
The pooling point is $300,000 above the COMPANY'S retention.
RETENTION CHARGE
The retention charge shall be 4% of the total Group Life reinsurance
premium for amounts up to and including the pooling point.
RETENTION BASIS EXPERIENCE REFUND FORMULA
ER(SUB t) = Experience Refund for the t.
ER(SUB t) = DP(SUB t) - CFRC(SUB t)
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DP(SUB t) = P(SUB t) - RC(SUB t) - C(SUB t) - IC(SUB t) - CC(SUB t) - COL(SUB t-1) (1 + i(SUB t-1)), WHERE:
DP(SUB t) is the Distributable Profit for the year t.
P(SUB t) are reinsurance premiums paid and earned in the year t
for reinsurance amounts up to and including the pooling
point.
RC(SUB t) is the retention charge in the year t, according to the
retention charge above, i.e., 4% of P(SUB t).
C(SUB t) are commissions and allowances, if any, paid and earned
in the year t for reinsurance amounts up to and
including the pooling point.
IC(SUB t) are incurred refund claim in the year t. IC(SUB t)
equals paid claims (up to the pooling point) plus the
change in claims in course-of-settlement, plus the
change in waiver of premium claims reserves. Incurred
but not reported reserves (IBNR) are not included in
IC(SUB t).
CC(SUB t) are conversion charges in the year t (at average rate
of 125/M) for life reinsurance amounts up to and
including the pooling point.
COL(SUB t-1) are carryover losses from prior years.
i(SUB t-1) is the interest rate credited to the Carryover Losses
and is equal to SWISS RE LIFE & HEALTH'S prior year
annual statement rate.
t is a 12 consecutive month period.
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CFR(SUB t) is the Claim Fluctuation Reserve at end of year t and
is equal to CFR(SUB t-1)(1 + i(SUB t-1)) + CFRC(SUB t).
Maximum CFR is $500,000.
CFRC(SUB t) 100% of DP until a minimum CFR of $300,000 is
established. Thereafter, the CFRC is the lesser of 50%
of DP(SUB t) or 10% premiums until the CFR reaches its
maximum of $500,000. Thereafter, if the CFR will exceed
$500,000, the CFRC will be negative to bring the CFR to
its maximum.
3. SWISS RE LIFE & HEALTH may amend the terms of the experience refund with
thirty (30) days' written notice.
4. No experience refund is due on any Group Accidental Death and Dismemberment
premiums.
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ARTICLE XII
CONVERSIONS
1. Should a Group Certificate of Insurance reinsured hereunder be converted to
an Individual Insurance Policy, SWISS RE LIFE & HEALTH shall continue to
reinsure its proportionate share of the converted policy under this
Agreement as detailed in this Article.
2. The mode of reinsurance on such converted policies will be Yearly Renewable
Term (YRT). The reinsured risk amount shall be calculated annually on the
policy anniversary and shall equal the face amount reinsured less the cash
value on the amount reinsured.
3. Premiums shall be payable annually in advance and until further notice will
be at the rates shown in SCHEDULE H. SWISS RE LIFE & HEALTH guarantees that
premium rates for a given attained age shall not exceed the higher of the
rate shown in SCHEDULE H for that age or the one-year term rate of the
applicable 1980 CSO table at the maximum statutory valuation rate approved
in New York State.
4. In any month in which a certificate converts, or a converted policy has an
anniversary, the COMPANY will complete and send to SWISS RE LIFE & HEALTH,
along with the appropriate reinsurance premium, a statement in substantial
conformity to the Group Life Conversions Reinsurance Statement shown in
SCHEDULE G.
5. Should a converted policy terminate on a date other than a policy
anniversary, SWISS RE LIFE & HEALTH will refund the COMPANY an unearned
reinsurance premium.
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6. If the COMPANY increases its Group retention, it shall not recapture from
SWISS RE LIFE & HEALTH amounts of reinsurance on converted policies
proportionate to its increase in retention, unless SWISS RE LIFE & HEALTH
agrees otherwise in writing.
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ARTICLE XIII
REINSTATEMENTS
1. Should a lapsed Master Policy or group insurance on any individual be
reinstated in accordance with the terms of the policy and the rules of the
COMPANY, the reinsurance shall be reinstated automatically. Notice of
reinstatement shall be sent to SWISS RE LIFE & HEALTH within a reasonable
time after the insurance has been reinstated by the COMPANY. Premiums on
reinstated reinsurance shall be payable only to the extent that the COMPANY
collects the premiums on such insurance.
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ARTICLE XIV
REDUCTIONS
1. If insurance on a reinsured life is reduced for any reason, the reinsurance
of SWISS RE LIFE & HEALTH shall be decreased by a like amount. Should the
amount of insurance be reduced to an amount less than the retention amount
shown in SCHEDULE B, RETENTION FORMULA, the reinsurance provided by SWISS
RE LIFE & HEALTH shall be terminated.
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ARTICLE XV
RECAPTURE/RETENTION LIMIT INCREASES
1. If the COMPANY increases its Group retention, it shall have the option of
recapturing from SWISS RE LIFE & HEALTH, upon ninety (90) days' written
notice, amounts of in-force reinsurance sufficient to fill its new
retention. If the COMPANY elects to recapture, the recapture shall apply to
all in-force reinsurance, including retired lives, unless SWISS RE LIFE &
HEALTH agrees otherwise in writing.
2. Recapture shall not apply to active Waiver-of-Premium claimants.
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ARTICLE XVI
REINSURER'S RIGHT OF NOTICE OF UNUSUAL PRACTICES
1. In providing reinsurance facilities to the COMPANY under this Agreement,
SWISS RE LIFE & HEALTH has granted the COMPANY considerable authority with
respect to automatic binding power, reinstatements, claim settlements, and
the general administration of the reinsurance account. To facilitate
transactions, SWISS RE LIFE & HEALTH has required the minimum amount of
information and documentation possible, reflecting its utmost faith and
confidence in the COMPANY. SWISS RE LIFE & HEALTH assumes that, except as
otherwise notified by the COMPANY, the underwriting, claims and other
insurance practices employed by the COMPANY with respect to reinsurance
ceded under this Agreement are generally consistent with the customary and
usual practices of the insurance industry as a whole. Where the COMPANY
does engage in exceptional or uncustomary practices, the COMPANY agrees to
make those practices known to SWISS RE LIFE & HEALTH before assigning any
liability to SWISS RE LIFE & HEALTH with respect to any reinsurance issued
under such practices.
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ARTICLE XVII
CLAIMS
1. Contractual claim settlements made by the COMPANY shall be unconditionally
binding on SWISS RE LIFE & HEALTH. If the whole risk on any particular
claim is carried by SWISS RE LIFE & HEALTH, SWISS RE LIFE & HEALTH shall be
consulted before admission or acknowledgment of the claim is made by the
COMPANY. However, such consultation shall not impair the COMPANY'S freedom
to determine the proper action on the claim, and the contractual settlement
made by the COMPANY shall still be unconditionally binding on SWISS RE LIFE
& HEALTH.
2. The COMPANY shall furnish SWISS RE LIFE & HEALTH with copies of the proofs
of claim, together with any information the COMPANY may possess in
connection with the claim. Payment in settlement of the reinsurance under a
claim approved and paid by the COMPANY for a life reinsured hereunder shall
be made by SWISS RE LIFE & HEALTH upon receipt of the claim papers.
3. In the case of death claims payable under optional modes of settlement,
SWISS RE LIFE & HEALTH'S claim payment shall be made in a lump sum. Such
lump sum shall be SWISS RE LIFE & HEALTH'S share of the face amount of the
certificate.
4. SWISS RE LIFE & HEALTH shall share in the expense of any contest or
compromise of a claim in the same proportion that the net amount at risk
reinsured with SWISS RE LIFE & HEALTH bears to the total net risk of the
COMPANY on the total amount of insurance being contested by the COMPANY.
SWISS RE LIFE & HEALTH shall share in the total amount of any savings in
the same proportion. Covered claim expenses shall include cost of
investigation, legal fees, court costs and interest charges, if any.
Compensation of salaried officers and employees shall not be considered
covered expenses.
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5. SWISS RE LIFE & HEALTH shall not be liable for any extracontractual damages
including, but not limited to, punitive, exemplary, compensatory and
consequential damages assessed against the COMPANY.
6. Any savings to the COMPANY due to subrogation or a reimbursement agreement
shall be shared with SWISS RE LIFE & HEALTH in proportion to SWISS RE LIFE
& HEALTH'S share of the risk.
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ARTICLE XVIII
INSPECTION OF RECORDS
1. SWISS RE LIFE & HEALTH shall have the right at all reasonable times to
inspect at the offices of the COMPANY all books and documents relating to
the reinsurance covered by this Agreement.
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ARTICLE XIX
INSOLVENCY
1. In the event of the insolvency of the COMPANY, all reinsurance made, ceded,
renewed, or otherwise becoming effective under this Agreement shall be
payable by SWISS RE LIFE & HEALTH directly to the COMPANY or to its
liquidator, receiver, or statutory successor on the basis of liability of
the COMPANY under the contract or contracts reinsured without diminution
because of the insolvency of the COMPANY. It is understood, however, that
in the event of the insolvency of the COMPANY, the liquidator, receiver, or
statutory successor of the insolvent COMPANY shall give written notice of
the pendency of a claim against the insolvent COMPANY on the policy
reinsured within a reasonable time after such claim is filed in the
insolvency proceeding, and that, during the pendency of such claim, SWISS
RE LIFE & HEALTH may investigate such claim and interpose, at its own
expense, in the proceeding where such claim is to be adjudicated, any
defense or defenses which it may deem available to the COMPANY or to its
liquidator or receiver or statutory successor.
2. It is further understood that the expense thus incurred by SWISS RE LIFE &
HEALTH shall be chargeable, subject to court approval, against the
insolvent COMPANY as part of the expense of liquidation to the extent of a
proportionate share of the benefit which may accrue to the COMPANY as a
result of the defense undertaken by SWISS RE LIFE & HEALTH. Where two or
more assuming insurers are involved in the same claim and a majority in
interest elect to interpose defense to such claim, the expense shall be
apportioned in accordance with the terms of the reinsurance agreement as
though such expense has been incurred by the COMPANY.
3. In the event of the insolvency of SWISS RE LIFE & HEALTH or the appointment
of receivers therefor, the liability of SWISS RE LIFE & HEALTH shall not
terminate but shall continue with respect to the reinsurance ceded to SWISS
RE LIFE & HEALTH by the COMPANY prior to the date of such insolvency or
appointment, and the COMPANY shall have a security interest in any and all
sums held by or under deposit in the name of SWISS RE LIFE & HEALTH.
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4. In the event of the insolvency of SWISS RE LIFE & HEALTH, the COMPANY may
terminate this Agreement and recapture all reinsures business with ninety
(90) days' written notice. SWISS RE LIFE & HEALTH shall notify the COMPANY
in the event of SWISS RE LIFE & HEALTH'S insolvency. If the Agreement is
terminated under this Article, SWISS RE LIFE & HEALTH, its liquidator,
receiver or statutory successor will remain liable for any outstanding
payments incurred prior to the date of termination.
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ARTICLE XX
ARBITRATION
1. In the event of any difference arising hereafter between the contracting
parties with reference to any transaction under the Agreement, the same
shall be referred to three arbitrators who must be current or former
executive officers of life insurance or life reinsurance companies other
than the two parties to this Agreement or their affiliates, each of the
contracting companies to appoint one of the arbitrators, and such two
arbitrators to select the third. If either party refuses or neglects to
appoint an arbitrator within sixty (60) days after receipt of the written
request for arbitration, the other party may appoint a second arbitrator.
2. If the two arbitrators fail to agree on the selection of a third arbitrator
within sixty (60) days of their appointment, each of them shall name three
individuals, of whom the other shall decline two, and the decision shall be
made by drawing lots.
3. The arbitrators shall consider this Reinsurance Agreement not merely as a
legal document but also as a gentlemen's agreement. They shall decide by a
majority vote of the arbitrators. There shall be no appeal from their
written decision.
4. Each party shall bear the expense of its own arbitration including its
arbitrator and outside attorney fees, and shall jointly and equally bear
with the other party the expense of the third arbitrator unless determined
otherwise by the arbitrators. Any remaining costs of the arbitration
proceedings shall be apportioned by the Board of Arbitrators.
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ARTICLE XXI
PARTIES TO AGREEMENT
1. This Agreement is an indemnity reinsurance agreement solely between the
COMPANY and SWISS RE LIFE & HEALTH. The acceptance of reinsurance hereunder
shall not create any right or legal relation between SWISS RE LIFE & HEALTH
and the insured, owner, beneficiary, or any other party under any Master
Policy or certificate of insurance of the COMPANY reinsured hereunder.
30
ARTICLE XXII
RIGHT OF OFFSETTING BALANCES DUE
1. The COMPANY and SWISS RE LIFE & HEALTH shall have, and may exercise at any
time, the right to offset any balance or balances due one party to the
other, its successors or assigns, against balances due the other party
under this Agreement or under any other Agreements or Contracts previously
or subsequently entered into between the COMPANY and SWISS RE LIFE &
HEALTH. This right of offset shall not be affected or diminished because of
the insolvency of either party to this Agreement.
31
ARTICLE XXIII
DAC TAX
ELECTION STATEMENT
1. The COMPANY AND SWISS RE LIFE & HEALTH hereby agree to the following
pursuant to Section 1.848-2(g) (8) of the Income Tax Regulation issued
December 1992, under Section 848 of the Internal Revenue Code of 1986, as
amended. This election shall be effective for 1992 and for all subsequent
taxable years for which this Agreement remains in effect.
a. The term "party" will refer to either the COMPANY or SWISS RE
LIFE & HEALTH as appropriate.
b. The terms used in this Article are defined by reference to
Regulation 1.848-2 in effect December 1992.
c. The party with the net positive consideration for this Agreement
for each taxable year will capitalize specified policy
acquisition expenses with respect to this Agreement without
regard to the general deductions limitation of Section 848(c)
(1).
d. Both parties agree to exchange information pertaining to the
amount of net consideration under this Agreement each year to
ensure consistency or as otherwise required by the Internal
Revenue Service.
32
e. The COMPANY will submit a schedule to SWISS RE LIFE & HEALTH by
May 1st of each year, of its calculation of the net consideration
for the preceding calendar year. This schedule of calculations
will be accompanied by a statement stating that the COMPANY will
report such net consideration in its tax return for the preceding
calendar year.
f. SWISS RE LIFE & HEALTH may contest such calculation by providing
an alternative calculation to the COMPANY by June 1st. If SWISS
RE LIFE & HEALTH does not so notify the COMPANY, the COMPANY will
report the net consideration as determined by the COMPANY in the
COMPANY'S tax return for the previous calendar year.
g. If SWISS RE LIFE & HEALTH contests the COMPANY'S calculation of
the net considerations, the parties will act in good faith to
reach an agreement as to the correct amount by July 1st. If the
COMPANY and SWISS RE LIFE & HEALTH reach agreement on an amount
of the net consideration, each party shall report such amount in
their respective tax returns for the previous calendar year.
2. SWISS RE LIFE & HEALTH and the COMPANY represent and warrant that they are
subject to U.S. taxation under Subchapter L of Chapter 1 of the Internal
Revenue Code.
33
ARTICLE XXIV
DURATION OF AGREEMENT
1. This Agreement shall be unlimited as to its duration, but may be cancelled
at any time by either party giving ninety (90) days' notice of cancellation
in writing. SWISS RE LIFE & HEALTH shall continue to accept reinsurance
during this ninety- (90) day period and shall remain liable on all
reinsurance granted under this Agreement until the end of the ninety- (90)
day period aforesaid or the earlier termination in accordance with Article
V, VIII, or XV.
2. At cancellation of this Agreement, Waiver-of-Premium Disabled Lives
continue to be reinsured on a non-refund basis.
34
ARTICLE XXV
CONTINUATIONS
1. For products containing a portability provision, SWISS RE LIFE & HEALTH
shall reinsure all amounts continued under the policy's portability
provision on the same basis it reinsures the active lines for that case.
Products that include a portability provision will not automatically be
subjected to facultative submission under Article II, Automatic Coverage,
Section 2, e.
35
IN WITNESS WHEREOF, the COMPANY and SWISS RE LIFE & HEALTH have caused their
names to be subscribed and duly attested hereunder by their respective
Authorized Officers.
NORTHSTAR LIFE INSURANCE COMPANY
By: ,
---------------------------------- --------------------------------------
Authorized Officer Title
Attest:
By: ,
---------------------------------- --------------------------------------
Authorized Officer Title
Date:
-------------------------
SWISS RE LIFE & HEALTH AMERICA INC.
By: ,
---------------------------------- --------------------------------------
Authorized Officer Title
Attest:
By: ,
---------------------------------- --------------------------------------
Authorized Officer Title
Date:
-------------------------
36
SCHEDULE A
NORTHSTAR LIFE INSURANCE COMPANY'S
MAXIMUM LIMITS OF ISSUE IF AUTOMATIC REINSURANCE IS TO APPLY
37
SCHEDULE A
NORTHSTAR LIFE INSURANCE COMPANY'S MAXIMUM GUARANTEE ISSUE LIMITS FOR
AUTOMATIC REINSURANCE TO APPLY
I. LIFE INSURANCE
A B C
TOTAL VOLUME OF
GROUP LIFE INSURANCE GI SCHEDULE(1) AVERAGE FACTOR(2)
10,000,000 to 12,500,000 550,000 12
12,500,000 to 15,000,000 600,000 12
15,000,000 to 20,000,000 650,000 12
20,000,000 to 25,000,000 700,000 12
25,000,000 to 30,000,000 750,000 12
30,000,000 to 35,000,000 800,000 12
35,000,000 to 40,000,000 900,000 12
40,000,000 to 45,000,000 1,000,000 12
45,000,000 to 50,000,000 1,000,000 12
50,000,000 to 55,000,000 1,000,000 12
55,000,000 to 60,000,000 1,000,000 12
60,000,000 to 65,000,000 1,000,000 12
65,000,000 to 70,000,000 1,000,000 12
70,000,000 and over 1,000,000 12
(1) This schedule is applicable to both noncontributory and standard
single-choice contributory plans where 60% minimum participation is
required.
(2) The GI maximum is the lesser of the GI Schedule amount (Column B) or the
product of the average factor TIMES the average certificate. In determining
the average certificate, use no more than one-half of the appropriate GI
Schedule amount on any one life.
38
II. AD&D INSURANCE
A B C
TOTAL VOLUME OF
GROUP LIFE INSURANCE GI SCHEDULE(1) AVERAGE FACTOR(2)
2,500,000 to 3,000,000 225,000 10
3,000,000 to 3,500,000 250,000 10
3,500,000 to 4,000,000 275,000 11
4,000,000 to 4,500,000 300,000 11
4,500,000 to 5,000,000 325,000 12
5,000,000 to 6,000,000 350,000 12
6,000,000 to 7,000,000 375,000 12
7,000,000 to 8,000,000 400,000 12
8,000,000 to 9,000,000 425,000 12
9,000,000 to 10,000,000 465,000 12
10,000,000 to 12,500,000 550,000 12
12,500,000 to 15,000,000 600,000 12
15,000,000 to 20,000,000 650,000 12
20,000,000 to 25,000,000 700,000 12
25,000,000 to 30,000,000 750,000 12
30,000,000 to 35,000,000 800,000 12
35,000,000 to 40,000,000 900,000 12
40,000,000 to 45,000,000 1,000,000 12
45,000,000 to 50,000,000 1,000,000 12
50,000,000 to 55,000,000 1,000,000 12
55,000,000 to 60,000,000 1,000,000 12
60,000,000 to 65,000,000 1,000,000 12
65,000,000 to 70,000,000 1,000,000 12
70,000,000 and over 1,000,000 12
(1) This schedule is applicable to both noncontributory and standard
single-choice contributory plans where 60% minimum participation is
required.
(2) The GI maximum is the lesser of the GI Schedule amount (Column B) or the
product of the average factor TIMES the average certificate. In determining
the average certificate, use no more than one-half of the appropriate GI
Schedule amount on any one life.
39
SCHEDULE B
RETENTION
40
SCHEDULE B
NORTHSTAR LIFE INSURANCE COMPANY'S MAXIMUM RETENTION LIMITS FOR GROUP LIFE AND
GROUP ACCIDENTAL DEATH AND DISMEMBERMENT
Group Life $200,000
Group Accidental Death and Dismemberment $200,000
The COMPANY'S retention shall apply separately to each certificate amount or
individual policy amount issued to any life covered under the terms of this
Agreement. Multiple certificates or policies shall not be totaled and offset by
one retention.
41
SCHEDULE C
GROUPS NOT ELIGIBLE FOR AUTOMATIC REINSURANCE UNDER THIS AGREEMENT
42
SCHEDULE C
GROUPS NOT ELIGIBLE FOR AUTOMATIC REINSURANCE UNDER THIS AGREEMENT
1. Sports Teams
2. Airlines
3. Mining
4. Oil and Gas (Exploration, Production, Refining)
5. Chemical Processing
43
SCHEDULE D
FACULTATIVE SUBMISSION OF GROUP LIFE/AD&D CASE
44
Facultative Submission of Group Life/AD&D Case SWISS RE AMERICA
Swiss Re Life Company America
SCHEDULE D 000 Xxxx Xxxxxx
Underwriting Worksheet Page 1 of 2 New York, N.Y. 10017
____________________________________________________________________________________________________________________________________
Ceding company name Date
____________________________________________________________________________________________________________________________________
Ceding company contact Underwriter
____________________________________________________________________________________________________________________________________
Type of contact Telephone Correspondence In-person
____________________________________________________________________________________________________________________________________
Name of group
____________________________________________________________________________________________________________________________________
Location
____________________________________________________________________________________________________________________________________
Industry
____________________________________________________________________________________________________________________________________
Coverages:
Group Life AD&D CC Other ____________________________________
____________________________________________________________________________________________________________________________________
Group Life volume : Gross:
$ Reinsurance $ No. of lives
____________________________________________________________________________________________________________________________________
AD&D
Volume same as Group Life or, if not: gross $ Reinsurance $
24 hour Nonoccupational
____________________________________________________________________________________________________________________________________
Underwriting decision:
Approved Declined Further information needed
____________________________________________________________________________________________________________________________________
Checklist of other information to note below and on attachment
Plan of insurance Hazardous occupations Reasons for movement
Age/retirement reductions Retro (prior approval needed?) Reinsurance terms
Top 25 amounts and ages Current coverage: carrier, plan, rates, experience Air travel (normal business only?)
Contributory or noncontributory Rates: manual, to be quoted, other carrier quotes
____________________________________________________________________________________________________________________________________
Comments and other information:
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
Date paid
____________________________________________________________________________________________________________________________________
45
Distribution: White = Pending UW File, Canary = Permanent UW file, Pink = Swiss
Re Life Company America, Gold = X. Xxxxx
Facultative Submission of Group Life/AD&D Case SWISS RE AMERICA
Underwriting Worksheet
SCHEDULE D Page 2 of 2
Ceding company name Date
CENSUS
Item Age/YOB Amount
------------------------
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
TOTAL
GUARANTEED ISSUE CALCULATIONS
(a) Total top 25
(b) Total all other
(c) Grand total case
(d) Reduction in (a) *
(e) 12% x [(a) - (d)]
(f) 3% x (b)
(g) G.I.L. = (e) + (f)
(h) Amounts top 25 above age 60
(i) Underwriting judgement of G.I.L. **
________________________________________________________________________________
* Total of amounts in (a) that exceed $100M or, if number of lives is over
200, total of amounts in (a) that exceed $500 x number of lives (with
maximum of $200M).
** Consideration should be given to age reduction, amounts above age 60,
amounts on top lives, special hazards, etc.
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
46
SCHEDULE E
FACULTATIVE GROUP REINSURANCE CONFIRMATION
47
FACULTATIVE GROUP REINSURANCE SWISS RE AMERICA
CONFIRMATION
Swiss Re Life Company America
SCHEDULE E 000 Xxxx Xxxxxx
Xxx Xxxx, X.X. 00000
____________________________________________________________________________________________________________________________________
Ceding company name
____________________________________________________________________________________________________________________________________
Ceding company contact
____________________________________________________________________________________________________________________________________
Type of contact
Telephone Correspondence In-person
____________________________________________________________________________________________________________________________________
Name of group
____________________________________________________________________________________________________________________________________
Location
____________________________________________________________________________________________________________________________________
Coverages:
Group Life AD&D Common carrier Other (explain in "comments")
____________________________________________________________________________________________________________________________________
Reinsurance
____________________________________________________________________________________________________________________________________
Excess Non medical limit $ ________________________
Ceding company retention $ ________________________
Quota Share Non medical limit $ ________________________
Percentage to be reinsured ________________________%
Other (explain in "comments")
____________________________________________________________________________________________________________________________________
Comments
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
SRA underwriter signature Date
____________________________________________________________________________________________________________________________________
48
Distribution: White = Ceding company contract, Canary = Pending, Pink = X.
Xxxxx, Gold = X. Xxxxxxxx
SCHEDULE F
UNDERWRITING GUIDELINES FOR SUPPLEMENTAL AND VOLUNTARY GROUP COVERAGES
49
SCHEDULE F
UNDERWRITING GUIDELINES FOR SUPPLEMENTAL AND VOLUNTARY GROUP COVERAGES
FOR AUTOMATIC REINSURANCE TO APPLY
Combined supplemental and basic maximum not to exceed Guaranteed Issue Schedule
A.
PARTICIPATION CHOICES UNDERWRITING REINSURANCE REINSURANCE PRICING
60% + No All Guaranteed Issue Excess Coinsurance
40 - 59% No All Guaranteed Issue Excess Coinsurance + 15%
20 - 39% No All Guaranteed Issue Modified Excess Coinsurance (2)
LT 20% No All Guaranteed Issue Facultative Quota Share Coinsurance (2)
60% + Yes All Guaranteed Issue Excess Coinsurance + 15%
40 - 59% Yes All Guaranteed Issue Modified Excess (1) Coinsurance (2)
LT 40% Yes All Guaranteed Issue Facultative Quota Share Coinsurance (2)
60% + Yes 1st Choice Guaranteed Excess Coinsurance
Issue and then
Simplified Issue
40 - 59% Yes " " " Excess Coinsurance + 15%
20 - 39% Yes " " " Modified Excess(1) Coinsurance(2)
LT 20% Yes " " " Facultative Quota Share Coinsurance(2)
All Levels Yes or No All Simplified Issue Excess Coinsurance
(1) Modified Excess - Generally SWISS RE LIFE & HEALTH reinsures 50% of amounts
in excess of $50,000 until the COMPANY'S retention has been met, and then
100% of the excess.
(2) Coinsurance - Reinsurance pricing based on the COMPANY'S gross rate basis.
SWISS RE LIFE & HEALTH pays its share of commissions and premium taxes plus
expense allowance on new business of 5% first year and 2% for renewal years
and on in-force business of 2% all years.
50
SCHEDULE G
GROUP LIFE CONVERSIONS REINSURANCE STATEMENT
51
SCHEDULE G
Group Life Conversions Reinsurance Statement SWISS RE AMERICA
Swiss Re Life Company America
000 Xxxx Xxxxxx
Xxx Xxxx, X.X. 00000
------------------------------------------------------------------------------------------------------------------------------------
Ceding Company State Mode of premium payment In-force last statement * Term ** N - New RE - Reinstatement
________________________________________________________ Lives ______________________ X.X. R - Renewal C - Change
Report for premiums due to Date report made to SRA Reins. Volume ______________ U.L. T - Termination
ceding company in the month
of ______________
------------------------------------------------------------------------------------------------------------------------------------
NAME OF
INSURED
AND SUBSTAN- FLAT
INDIVIDUAL POLICY CURRENT ORIGINAL GROUP CONVERTED DARD EXTRA NET REIN-
POLICY GROUP DATE OF TYPE TRANSACTION ISSUE PREMIUM GROUP AMOUNT AMOUNT REINSURANCE RATING PREMIUM SURANCE
NUMBER NAME SEX BIRTH (SEE *) (SEE **) DATE DUE DATE AMOUNT CONVERTED REINSURED RATE (IF ANY) (IF ANY) PREMIUM
M F
M F
M F
M F
M F
M F
M F
M F
M F
M F
M F
52
SCHEDULE H
YEARLY RENEWABLE TERM REINSURANCE PREMIUMS FOR CONVERTED POLICIES
53
SCHEDULE H
Premiums for $1,000 of Risk Premium Reinsurance
Standard Male NON-REFUND
AGE NEAREST BIRTHDAY
ATTAINED ATTAINED ATTAINED
AGE YRT RATE AGE YRT RATE AGE YRT RATE
0 4.00 45 4.60 73 43.80
1-18 1.30 46 5.00 74 47.20
19 1.30 47 5.40 75 50.90
20 1.40 48 5.90 76 54.80
21 1.40 49 6.50 77 58.70
22 1.50 50 7.00 78 63.00
23 1.50 51 7.50 79 67.00
24 1.50 52 8.00 80 71.00
25 1.50 53 8.70 81 76.00
26 1.60 54 9.30 82 82.00
27 1.60 55 10.00 83 90.00
28 1.70 56 10.90 84 102.00
29 1.70 57 11.80 85 115.00
30 1.80 58 12.90 86 129.00
31 1.80 59 13.95 87 144.00
32 1.90 60 15.10 88 159.00
33 1.90 61 16.40 89 174.00
34 1.90 62 17.80 90 190.00
35 2.00 63 19.30 91 210.00
36 2.10 64 21.00 92 230.00
37 2.20 65 22.80 93 250.00
38 2.40 66 24.80 94 275.00
39 2.50 67 26.90 95 300.00
40 2.80 68 29.30 96 325.00
41 3.00 69 31.80 97 350.00
42 3.40 70 34.50 98 375.00
43 3.70 71 37.40 99 400.00
44 4.20 72 40.50
NRN-6042
FEMALE RATES
Rates for females equal the rates for males two years younger, except that rates
for females 0-18 equal the rates for males of the same ages, and rates for
females 19-20 equal those for males age 18.
54
SCHEDULE H
Premiums for $1,000 of Risk Premium Reinsurance
Standard Male NON-REFUND
AGE LAST BIRTHDAY
ATTAINED ATTAINED ATTAINED
AGE YRT RATE AGE YRT RATE AGE YRT RATE
0 4.00 45 4.80 73 45.50
1-18 1.30 46 5.20 74 49.05
19 1.35 47 5.65 75 52.85
20 1.40 48 6.20 76 56.75
21 1.45 49 6.75 77 60.85
22 1.50 50 7.25 78 65.00
23 1.50 51 7.75 79 69.00
24 1.50 52 8.35 80 73.50
25 1.55 53 9.00 81 79.00
26 1.60 54 9.65 82 86.00
27 1.65 55 10.15 83 96.00
28 1.70 56 11.05 84 108.50
29 1.75 57 12.35 85 122.00
30 1.80 58 13.43 86 136.50
31 1.85 59 14.53 87 151.50
32 1.90 60 15.75 88 166.50
33 1.90 61 17.10 89 182.00
34 1.95 62 18.55 90 200.00
35 2.05 63 20.15 91 220.00
36 2.15 64 21.90 92 240.00
37 2.30 65 23.80 93 262.50
38 2.45 66 25.85 94 287.50
39 2.65 67 28.10 95 312.50
40 2.90 68 30.55 96 337.50
41 3.20 69 33.15 97 362.50
42 3.55 70 35.95 98 387.50
43 3.95 71 38.95 99 412.50
44 4.40 72 42.15
NRN-6042
FEMALE RATES
Rates for females equal the rates for males two years younger, except that rates
for females 0-18 equal the rates for males of the same ages, and rates for
females 19-20 equal those for males age 18.
55
