Exhibit 7(a)ii
AMENDMENT TO FORM OF FACULTATIVE YRT SELF-ADMINISTERED REINSURANCE AGREEMENT
On January 1,1992, Century Life of America (now "CUNA Mutual Life Insurance
Company") and Frankona America Life Reassurance Company (now "Scottish Re Life
Corporation") entered into a Form of Facultative YRT Self-Administered
Reinsurance Agreement (the "Agreement").
On December 31,2007, CUNA Mutual Life Insurance Company will merge into CUNA
Mutual Insurance Society.
The parties agree that, effective December 31, 2007; (a) CUNA Mutual Life
Insurance Company assigns the Agreement to CUNA Mutual Insurance Society, and
(b) all references to "CUNA Mutual Life Insurance Company" or "Century Life of
America" in the Agreement will be changed to "CUNA Mutual Insurance Society."
The parties also agree that all references to Frankona Life Reassurance Company
in the Agreement shall be changed to "Scottish Re Life Corporation."
Agreed to and accepted:
CUNA Mutual Insurance Society Scottish Re Life Corporation
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇
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Title: Vice President Title: Senior Vice President
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Date: December 11, 2007 Date: December 18, 2007
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REINSURANCE MERGER AMENDMENT
This Amendment, made among CUNA MUTUAL INSURANCE SOCIETY, hereinafter called
CMIS, CUNA MUTUAL LIFE INSURANCE COMPANY, hereinafter called CMLIC, and
Transamerica Occidental Life Insurance Company, hereinafter called Transamerica,
hereby amends and is attached to and forms part of Reinsurance Agreement No.
1258-04 (Transamerica's new no. 1058-04), made and entered into by and between
CMLIC and TRANSAMERICA, as follows:
Whereas, CMLIC has merged with CMIS with the intention that CMIS shall
take the place of CMLIC as the Ceding Company under the Reinsurance
Agreement.
Now, therefore, effective as of December 31,2007,
1. Notwithstanding any provision in the Reinsurance Agreement to the
contrary, TRANSAMERICA hereby accepts CMIS as its contracting party
and as the Ceding Company under the Reinsurance Agreement.
2. CMIS, as the Ceding Company, hereby accepts the terms and conditions
of the Reinsurance Agreement, and it hereby assumes all of CMLIC's
obligations and liabilities under the Reinsurance Agreement.
3. Notwithstanding any provision in the Agreement to the contrary,
TRANSAMERICA hereby releases and discharges CMLIC from all liability
under the Reinsurance Agreement. There is no exception to or
limitation to this discharge.
4. In consideration of TRANSAMERICA'S acceptance of CMIS as the Ceding
Company under the Reinsurance Agreement, CMIS agrees that TRANSAMERICA
shall be entitled to enforce the Reinsurance Agreement (to the extent
that the rights, duties, obligations and liabilities thereunder have
been assumed by CMIS) directly against CMIS in respect of such rights,
duties, obligations and liabilities as if CMIS had executed and
delivered the Reinsurance Agreement instead of CMLIC.
AMENDMENT CONTINUES.
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Treaty no. 1058-04 (now 1258-04) merger amendment
Effective 12/31/2007
5. This Amendment shall inure to the benefit of and be binding upon the
parties hereto and their successors and assigns, respectively.
This Amendment does not alter, amend or modify the Reinsurance Agreement other
than as set forth in this Amendment and it is subject otherwise to all terms and
conditions of the Reinsurance Agreement together with all amendments and
supplements thereto.
Executed in triplicate by Executed in triplicate by
CUNA MUTUAL INSURANCE SOCIETY TRANSAMERICA OCCIDENTAL LIFE
INSURANCE COMPANY
at City, State, Madison, WI at Charlotte, NC
on December 18, 2007 on December 14, 2007
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By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ By /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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Title: Vice President, Title: 2nd Vice President
Assoc. General Counsel
By By /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
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Title: Title: Vice President
Executed in triplicate by
CUNA MUTUAL LIFE INSURANCE COMPANY
at Madison, WI
on December 18, 2007
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By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Title: Vice President,
Assoc. General Counsel
By
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Title:
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Treaty no. 1058-04 (now 1258-04) merger amendment
Effective 12/31/2007