Exhibit 10.11
SIXTH AMENDMENT TO
REINSURANCE AGREEMENT
THIS SIXTH AMENDMENT TO REINSURANCE AGREEMENT (this "Sixth Amendment")
dated this 1st day of December 2007 by and between Allstate Life Insurance
Company of New York ("Ceding Company") and Allstate Life Insurance Company
("Accepting Company").
RECITALS
WHEREAS, Ceding Company and Accepting Company entered into that certain
Reinsurance Agreement, effective as of January 1, 1984 which was amended by
amendments effective as of September 1, 1984, January 1, 1987, October 1, 1988,
January 1, 1994 and December 31, 1995 (the "Agreement"); and
WHEREAS, Ceding Company and Accepting Company desire to make additional
amendments to the Agreement as more particularly described herein.
AGREEMENT
NOW, THEREFORE, for good and valuable consideration and for the mutual
covenants set forth below, the parties hereto, intending legally to be bound,
hereby agree as follows:
1. Ceding Company and Accepting Company hereby agree to replace Paragraph
2 in Article X of the Agreement titled "SETTLEMENT OF CLAIMS" with the
following:
2. Whenever a claim is made under a policy of the Ceding Company
which has been reinsured hereunder, it shall be taken and considered
by the Accepting Company to be a claim for the amount of reinsurance
on such risk, and the Accepting Company shall abide the issue as it
shall be settled by the Ceding Company. No less frequently than
quarterly, and within 90 (ninety) days after the receipt of due
notice, the Accepting Company shall pay the amount of reinsurance
covered by the policy of reinsurance.
2. Unless expressly modified by this Sixth Amendment, the terms and
conditions of the Agreement remain unchanged and in full force and
effect.
3. This Sixth Amendment shall be binding on the parties hereto, including
their successors and assigns.
IN WITNESS WHEREOF, the parties hereto have executed this Sixth Amendment
as of the day and year first set forth above.
ALLSTATE LIFE INSURANCE COMPANY
By: /s/ Xxxxxx X. Xxxxx
-----------------------------------
Name: Xxxxxx X. Xxxxx
Title: Group Vice President and Controller
Date: November 18, 2009
ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK
By: /s/ Xxxxxx X. Xxxxx
-----------------------------------
Name: Xxxxxx X. Xxxxx
Title: Group Vice President and Controller
Date: November 18, 2009
