Amendment #1
to the
AUTOMATIC AND FACULTATIVE
YEARLY RENEWABLE TERM REINSURANCE AGREEMENT
EFFECTIVE December 15, 2003
Between
PRUCO LIFE INSURANCE COMPANY
(THE COMPANY)
And
MUNICH AMERICAN REASSURANCE COMPANY
(THE REINSURER)
The parties hereby agree to the following:
1. SCHEDULE A, Section 2, AUTOMATIC PORTION REINSURED, shall be replaced by the following:
The portion reinsured with THE REINSURER under this Agreement is known as the YRT Percentage. The YRT Percentage varies
depending on the effective date of the policy as described in the remainder of this section.
For Policies With Effective Dates Prior to January 19, 2005
THE REINSURER will automatically reinsure under this Agreement, an amount equal to the YRT Percentage (17.78%) times 50% of the
policy risk amount, up to the First Layer of Coverage amounts shown in Schedule A, Section 5 below.
Example - If the policy risk amount is $40 million, then the automatic portion reinsured under this Agreement would be
$3.556 million (i.e., 17.78% times ($40 million times 50%)).
For Policies With Effective Dates Between January 19, 2005 and September 27, 2006
US/Canadian Residents
THE REINSURER will automatically reinsure under this Agreement, an amount equal to the YRT Percentage (15.00%) times 50% of
the policy risk amount, up to the First Layer of Coverage amounts shown in Schedule A, Section 5 below.
Example - If the policy risk amount is $40 million, then the automatic portion reinsured under this Agreement would be
$3 million (i.e., 15.00% times ($40 million times 50%)).
Non US/Canadian Residents
THE REINSURER will automatically reinsure 0% if the policy risk amount under this Agreement.
For Policies With Effective Dates of September 28, 2006 or Later
US/Canadian Residents
THE REINSURER will automatically reinsure under this Agreement, an amount equal to the YRT Percentage (11.42%) times 50% of
the policy risk amount, up to the First Layer of Coverage amounts shown in Schedule A, Section 5 below.
Example - If the policy risk amount is $40 million, then the automatic portion reinsured under this Agreement would be
$2.284 million (i.e., 11.42% times ($40 million times 50%)).
Non US/Canadian Residents
THE REINSURER will automatically reinsure 0% if the policy risk amount under this Agreement.
2. SCHEDULE A, Section 5, AUTOMATIC ACCEPTANCE LIMIT, shall be replaced by the following:
For any policy to be reinsured under automatic reinsurance, the face amount will not exceed the Automatic Issue Limits shown
in the following tables:
US/Canadian Residents - No Foreign Travel - Non-Smoker
=========================== ========================= ============================= ============================
Issue Age of Insured No Substandard Rating Class A - D Class E - H
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $60,000,000 $55,000,000 $40,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $49,000,000 $44,000,000 $35,500,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $40,000,000 $40,000,000 $23,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $26,500,000 $23,500,000 $16,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $22,000,000 $19,000,000 $11,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $13,500,000 $11,500,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $5,350,000 $4,350,000 None
=========== =============== ========================= ============================= ============================
US/Canadian Residents - No Foreign Travel - Smoker
=========================== ========================= ============================= ============================
Issue Age of Insured No Substandard Rating Class A - D Class E - H
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $50,000,000 $50,000,000 $40,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $40,000,000 $40,000,000 $34,500,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $40,000,000 $40,000,000 $23,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $23,500,000 $23,500,000 $15,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $19,000,000 $19,000,000 $10,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $11,500,000 $10,500,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $4,350,000 $3,350,000 None
=========== =============== ========================= ============================= ============================
US/Canadian Residents - Foreign Travel
===================== ===================== ================= =====================
Pref. Best - Class C Class D - E Class F - H
--------------------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
Ages: 18 - 70 $ 6,666,000 $ 5,000,000 None
--------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
71 - 75 $ 5,000,000 $ 3,333,000 None
----------- --------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
00 - 00 Xxxx Xxxx Xxxx
=========== ========= ===================== ================= =====================
Non US/Canadian Residents
===================== ===================== ================= =====================
Pref. Best - Class C Class D - E Class F - H
--------------------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
Ages: 18 - 70 $ 20,000,000 $ 15,000,000 None
--------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
71 - 75 $ 15,000,000 $ 10,000,000 None
----------- --------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
00 - 00 Xxxx Xxxx Xxxx
=========== ========= ===================== ================= =====================
For any policy to be reinsured under automatic reinsurance, the amounts subject to reinsurance are the First Layer of
Coverage amounts shown in the following tables:
US/Canadian Residents - No Foreign Travel
=========================== ========================= =============================
Issue Age of Insured Pref. Best - Class D Class E - H
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $50,000,000 $35,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $40,000,000 $25,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $35,000,000 $15,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 77 $15,000,000 $10,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
78 - 80 $10,000,000 $ 5,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 5,000,000 None
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 1,500,000 None
=========== =============== ========================= =============================
US/Canadian Residents - Foreign Travel
===================== ===================== ================= =====================
Pref. Best - Class C Class D - E Class F - H
--------------------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
Ages: 18 - 70 $ 6,666,000 $ 5,000,000 None
--------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
71 - 75 $ 5,000,000 $ 3,333,000 None
----------- --------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
00 - 00 Xxxx Xxxx Xxxx
=========== ========= ===================== ================= =====================
Non US/Canadian Residents
===================== ===================== ================= =====================
Pref. Best - Class C Class D - E Class F - H
--------------------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
Ages: 18 - 70 $ 20,000,000 $ 15,000,000 None
--------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
71 - 75 $ 15,000,000 $ 10,000,000 None
----------- --------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
00 - 00 Xxxx Xxxx Xxxx
=========== ========= ===================== ================= =====================
For any policy to be reinsured under automatic reinsurance, the amounts reinsured with THE REINSURER on that life under this
Agreement will not exceed the amounts in the following tables:
For Policies With Effective Dates Prior to January 19, 2005
US/Canadian Residents - No Foreign Travel
=========================== ========================= =============================
Issue Age of Insured Pref. Best - Class D Class E - H
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $4,445,000 $3,111,500
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $3,556,000 $2,222,500
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $3,111,500 $1,333,500
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 77 $1,333,500 $ 889,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
78 - 80 $ 889,000 $ 444,500
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 444,500 None
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 133,350 None
=========== =============== ========================= =============================
US/Canadian Residents - Foreign Travel
===================== ===================== ================== ====================
Pref. Best - Class C Class D - E Class F - H
--------------------- --------------------- ------------------ --------------------
----------- --------- --------------------- ------------------ --------------------
Ages: 18 - 70 $592,607 $ 444,500 None
--------- --------------------- ------------------ --------------------
----------- --------- --------------------- ------------------ --------------------
71 - 75 $ 444,500 $ 296,304 None
----------- --------- --------------------- ------------------ --------------------
----------- --------- --------------------- ------------------ --------------------
00 - 00 Xxxx Xxxx Xxxx
=========== ========= ===================== ================== ====================
Non US/Canadian Residents
======================= =================== ================== ====================
Pref. Best - Class D - E Class F - H
Class C
----------------------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
Ages: 18 - 70 $ 1,778,000 $ 1,333,500 None
----------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
71 - 75 $ 1,333,500 $ 889,000 None
----------- ----------- ------------------- ------------------ --------------------
----------- ----------- ------------------- ------------------ --------------------
00 - 00 Xxxx Xxxx Xxxx
=========== =========== =================== ================== ====================
For Policies With Effective Dates Between January 19, 2005 and September 27, 2006
US/Canadian Residents - No Foreign Travel
=========================== ========================= =============================
Issue Age of Insured Pref. Best - Class D Class E - H
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $3,750,000 $2,625,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $3,000,000 $1,875,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $2,625,000 $1,125,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 77 $1,125,000 $ 750,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
78 - 80 $ 750,000 $ 375,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 375,000 None
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 112,500 None
=========== =============== ========================= =============================
For Policies With Effective Dates of September 28, 2006 or Later
US/Canadian Residents - No Foreign Travel
=========================== ========================= =============================
Issue Age of Insured Pref. Best - Class D Class E - H
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $2,855,000 $1,998,500
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $2,284,000 $1,427,500
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $1,998,500 $ 856,500
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 77 $ 856,500 $ 571,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
78 - 80 $ 571,000 $ 285,500
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 285,500 None
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 85,650 None
=========== =============== ========================= =============================
In witness of the above, THE COMPANY and THE REINSURER have by their respective officers executed and delivered this Agreement in
duplicate on the dates indicated below, with an effective date of
January 19, 2005.
------------------------------------------------------------ -------------------------------------------------------
PRUCO LIFE INSURANCE COMPANY MUNICH AMERICAN REASSURANCE COMPANY
By:________________________________ By:______________________________
Title:_______________________________ Title:_____________________________
Date:_______________________________ Date:_____________________________
By:________________________________ By:______________________________
Title:_______________________________ Title:_____________________________
Date:_______________________________ Date:_____________________________
----------------------------------------------------------- --------------------------------------------------------
Amendment #2
to the
AUTOMATIC AND FACULTATIVE
YEARLY RENEWABLE TERM REINSURANCE AGREEMENT
EFFECTIVE December 15, 2003
Between
PRUCO LIFE INSURANCE COMPANY
(THE COMPANY)
And
MUNICH AMERICAN REASSURANCE COMPANY
(THE REINSURER)
The parties hereby agree to the following:
2. Section 7, AUTOMATIC REINSURANCE TERMS, shall be replaced by the following:
THE REINSURER agrees to automatically accept contractual risks on the life insurance policies shown in Schedule A, subject to the
following requirements:
a. CONVENTIONAL UNDERWRITING. Automatic reinsurance applies only to insurance applications fully underwritten by THE COMPANY
according to THE COMPANY's conventional underwriting and issue rules and practices. Upon request, THE COMPANY shall provide
THE REINSURER with a copy of its current underwriting and issue rules and practices.
From time to time, it may be appropriate for THE COMPANY or THE REINSURER to request of the other party changes in the
underwriting rules and practices. The party requesting the change must provide a 120-day advance written notice to the
other party before the effective date of such change. Recognition of reinsurance premium rates related to these changes
must be determined within the 120-day period. If the underwriting change or rate change is unacceptable to either party,
this Agreement may be unilaterally terminated for acceptance of new business with a 90-day written termination notice to the
other party.
b. RESIDENCE AND TRAVEL. To be eligible for automatic reinsurance, each insured must either be a resident of the United States
or Canada at the time of issue or be a resident of another country that meets THE COMPANY's special underwriting
requirements pertaining to foreign residence.
Applications with Foreign Travel qualify for automatic reinsurance except when such travel is to a country specifically not
allowed under THE COMPANY's foreign travel requirements. "Foreign Travel" is defined as no more than three months outside
the United States or Canada.
c. OCCUPATION. To be eligible for automatic reinsurance, the insured must not be employed in an occupation as shown in the
Occupation Exclusion List in Schedule A.
f. AUTOMATIC ACCEPTANCE LIMIT. For any policy to be reinsured under automatic reinsurance, the face amount shall not exceed
the Automatic Acceptance Limit as shown in Schedule A.
g. JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied
for in all companies shall not exceed the Jumbo Limit as shown in Schedule A.
h. MINIMUM CESSION. The minimum amount of reinsurance per cession that THE REINSURER will accept is shown in Schedule A.
i. FACULTATIVE QUOTES. The risk shall not have been submitted on a facultative basis to THE REINSURER or any other reinsurer.
3. SCHEDULE A, Section 5, AUTOMATIC ACCEPTANCE LIMIT, shall be replaced by the following:
For any policy to be reinsured under automatic reinsurance, the face amount will not exceed the Automatic Issue Limits shown in
the following tables:
US/Canadian Residents - Non-Smoker
=========================== ========================= ============================= ============================
Issue Age of Insured No Substandard Rating Class A - D Class E - H
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $60,000,000 $55,000,000 $40,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $49,000,000 $44,000,000 $35,500,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $40,000,000 $40,000,000 $23,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $26,500,000 $23,500,000 $16,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $22,000,000 $19,000,000 $11,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $13,500,000 $11,500,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $5,350,000 $4,350,000 None
=========== =============== ========================= ============================= ============================
US/Canadian Residents - Smoker
=========================== ========================= ============================= ============================
Issue Age of Insured No Substandard Rating Class A - D Class E - H
--------------------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
Ages: 18 - 65 $50,000,000 $50,000,000 $40,000,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
66 - 70 $40,000,000 $40,000,000 $34,500,000
--------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
71 - 75 $40,000,000 $40,000,000 $23,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
76 - 77 $23,500,000 $23,500,000 $15,000,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
78 - 80 $19,000,000 $19,000,000 $10,500,000
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
81 - 85 $11,500,000 $10,500,000 None
----------- --------------- ------------------------- ----------------------------- ----------------------------
----------- --------------- ------------------------- ----------------------------- ----------------------------
86 - 90 $4,350,000 $3,350,000 None
=========== =============== ========================= ============================= ============================
Non US/Canadian Residents
===================== ===================== ================= =====================
Pref. Best - Class C Class D - E Class F - H
--------------------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
Ages: 18 - 70 $ 20,000,000 $ 15,000,000 None
--------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
71 - 75 $ 15,000,000 $ 10,000,000 None
----------- --------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
00 - 00 Xxxx Xxxx Xxxx
=========== ========= ===================== ================= =====================
For any policy to be reinsured under automatic reinsurance, the amounts subject to reinsurance are the First Layer of Coverage
amounts shown in the following tables:
US/Canadian Residents
=========================== ========================= =============================
Issue Age of Insured Pref. Best - Class D Class E - H
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $50,000,000 $35,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $40,000,000 $25,000,000
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $35,000,000 $15,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 77 $15,000,000 $10,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
78 - 80 $10,000,000 $ 5,000,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 5,000,000 None
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 1,500,000 None
=========== =============== ========================= =============================
Non US/Canadian Residents
===================== ===================== ================= =====================
Pref. Best - Class C Class D - E Class F - H
--------------------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
Ages: 18 - 70 $ 20,000,000 $ 15,000,000 None
--------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
71 - 75 $ 15,000,000 $ 10,000,000 None
----------- --------- --------------------- ----------------- ---------------------
----------- --------- --------------------- ----------------- ---------------------
00 - 00 Xxxx Xxxx Xxxx
=========== ========= ===================== ================= =====================
For any policy to be reinsured under automatic reinsurance, the amounts reinsured with THE REINSURER on that life under this
Agreement will not exceed the amounts in the following tables:
US/Canadian Residents
=========================== ========================= =============================
Issue Age of Insured Pref. Best - Class D Class E - H
--------------------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
Ages: 18 - 65 $2,855,000 $1,998,500
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
66 - 70 $2,284,000 $1,427,500
--------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
71 - 75 $1,998,500 $ 856,500
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
76 - 77 $ 856,500 $ 571,000
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
78 - 80 $ 571,000 $ 285,500
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
81 - 85 $ 285,500 None
----------- --------------- ------------------------- -----------------------------
----------- --------------- ------------------------- -----------------------------
86 - 90 $ 85,650 None
=========== =============== ========================= =============================
3. SCHEDULE A, Section 6, JUMBO LIMIT, shall be replaced by the following:
For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all
companies will not exceed the amounts in the following tables:
US/Canadian Residents
===================== ===================== =================== ===================
No Substandard Class A - D Class E - H
Rating
--------------------- --------------------- ------------------- -------------------
----------- --------- --------------------- ------------------- -------------------
Ages: 18 - 80 $65,000,000 $65,000,000 $65,000,000
----------- --------- --------------------- ------------------- -------------------
----------- --------- --------------------- ------------------- -------------------
81 - 85 $30,000,000 $30,000,000 $30,000,000
----------- --------- --------------------- ------------------- -------------------
----------- --------- --------------------- ------------------- -------------------
86 - 90 $10,000,000 $10,000,000 $10,000,000
=========== ========= ===================== =================== ===================
Note: When a policy is reinsured under automatic reinsurance and the total amount in force and applied for in all companies
exceeds $50,000,000, THE REINSURER must be notified and THE COMPANY shall provide the amount being issued.
Non US/Canadian Residents
===================== ===================== =================== ===================
No Substandard Class A - D Class E - H
Rating
--------------------- --------------------- ------------------- -------------------
----------- --------- --------------------- ------------------- -------------------
Ages: 18 - 75 $35,000,000 $35,000,000 $35,000,000
=========== ========= ===================== =================== ===================
4. SCHEDULE A, Section 8, FOREIGN TRAVEL EXCLUSIONS is deleted from this Agreement.
5. SCHEDULE A, Section 9, FOREIGN RESIDENCE EXCLUSIONS is deleted from this Agreement.
In witness of the above, THE COMPANY and THE REINSURER have by their respective officers executed and delivered this Agreement in
duplicate on the dates indicated below, with an effective date of
December 1, 2007.
------------------------------------------------------------ -------------------------------------------------------
PRUCO LIFE INSURANCE COMPANY MUNICH AMERICAN REASSURANCE COMPANY
By:________________________________ By:______________________________
Title:_______________________________ Title:_____________________________
Date:_______________________________ Date:_____________________________
By:________________________________ By:______________________________
Title:_______________________________ Title:_____________________________
Date:_______________________________ Date:_____________________________
----------------------------------------------------------- --------------------------------------------------------
Amendment #3
to the
AUTOMATIC AND FACULTATIVE
YEARLY RENEWABLE TERM REINSURANCE AGREEMENT
EFFECTIVE December 15, 2003
Between
PRUCO LIFE INSURANCE COMPANY
(THE COMPANY)
And
MUNICH AMERICAN REASSURANCE COMPANY
(THE REINSURER)
The parties hereby agree to the following:
Section 29, CONFIDENTIALITY, shall be replaced by the following:
29. CONFIDENTIALITY AND PRIVACY OF PERSONAL INFORMATION
a. Confidentiality of Company Confidential Information
THE REINSURER agrees to regard and preserve as confidential all information and material which is related to THE
COMPANY's business that may be obtained by THE REINSURER from any source as a result of this Agreement. THE REINSURER
will not, without first obtaining THE COMPANY's prior written consent disclose to any person, firm or enterprise, or use
for its own benefit or for the benefit of any third party any Company Confidential Information. "Company Confidential
Information" includes, but is not limited to any and all financial data, statistics, programs, research, developments,
information relating to THE COMPANY's insurance and financial products, planned or existing computer systems
architecture and software, data, and information of THE COMPANY as well as third party confidential information to which
THE COMPANY has access. THE REINSURER will keep and maintain all Company Confidential Information in confidence, using
such degree of care as is appropriate to avoid unauthorized use or disclosure and will use and disclose Company
Confidential Information solely: i) for the purposes for which such information, or access to it, is provided pursuant
to the terms of this Agreement; ii) to fulfill its obligation under the Agreement; or (iii) in order to aggregate data
with other companies' data for the purpose of creating studies or models, provided the data is not personally
identifiable as belonging to a party or an insured. Company Confidential Information does not include Personal
Information as defined and discussed below.
Notwithstanding the foregoing, the provisions of this 'Confidentiality of Company Confidential Information' section
shall not apply with respect to disclosing of the Product, the specifications and/or Company Confidential Information
which is already known to THE REINSURER or is or becomes publicly known through no wrongful act of THE REINSURER; or is
received from a third party without similar restriction and without breach of this Agreement; or is independently
developed by THE REINSURER; or is approved for release by written authorization of THE COMPANY; or is placed in or
becomes part of the public domain pursuant to or by reason of operation of law.
Consistent with the foregoing, THE REINSURER shall be permitted to disclose Company Confidential Information only to its
employees having a need to know such information in connection with the performance under this Agreement. THE REINSURER
shall instruct all employees who access Company Confidential Information as to their obligations under this Agreement,
and THE REINSURER shall be responsible for all such employees' compliance with the terms of this Agreement. If THE
REINSURER is required by law to disclose Company Confidential Information, THE REINSURER shall promptly notify THE
COMPANY in writing in advance of such disclosure, and provide THE COMPANY with copies of any related information so that
THE COMPANY may take appropriate action to protect the Company Confidential Information.
Notwithstanding the foregoing, it is understood and agreed that THE REINSURER may disclose Company Confidential
Information as required by an arbitration panel deciding a dispute arising under this agreement or in accordance with
applicable law, court order, or as required by any regulatory authority having jurisdiction over THE REINSURER. THE
REINSURER shall be permitted to disclose Company Confidential Information if the proposed recipient of Company
Confidential Information has agreed in writing to protect the Company Confidential Information to substantially similar
standards as the standards of this section in the following circumstances: (1) for purposes of retrocession of the
reinsured business; (2) during the course of external audits; (3) to consult any tax advisor regarding the U.S. federal
income tax treatment or tax structure of this Agreement; (4) to subcontractors that require Company Confidential
Information in order to provide services to THE REINSURER; or (5) to affiliates of THE REINSURER for purposes of risk
review and analysis.
In the event that Company Confidential Information in THE REINSURER's possession is disclosed to an unauthorized third
party, THE REINSURER shall immediately advise THE COMPANY and take steps to prevent further disclosure.
b. Confidentiality of Personal Information
"Personal Information," which means information provided by or at the direction of THE COMPANY, or to which access was
provided in the course of THE REINSURER's performance of the Agreements that (i) identifies an individual (by name,
signature, address, telephone number or other unique identifier), or (ii) that can be used to authenticate that
individual (including, without limitation, passwords or PINs, biometric data, unique identification numbers, answers to
security questions, or other personal identifiers). An individual's social security number, even in isolation, is
Personal Information. THE COMPANY business contact information is not by itself Personal Information.
THE REINSURER acknowledges that in the course of its engagement by THE COMPANY, THE REINSURER may receive or have access
to Personal Information. In recognition of the foregoing, THE REINSURER covenants and agrees that:
o It will keep and maintain all Personal Information in strict confidence, using such degree of care as is appropriate to
avoid unauthorized use or disclosure;
o It will use and disclose Personal Information solely for the purposes for which such information, or access to it, is
provided pursuant to the terms of this Agreement, and will not use or disclose such information for THE
REINSURER's own purposes or for the benefit of anyone other than THE COMPANY, except that THE REINSURER may use
Personal Information for its own internal risk management;
o It will not, directly or indirectly, disclose Personal Information to anyone outside THE COMPANY, except with THE COMPANY's
prior written consent as permitted under the terms of this Agreement unless Personal Information is disclosed
to an affiliate of THE REINSURER for purposes of performance under this Agreement; and
o It shall, upon the earlier of (i) completion of an engagement or termination of this Agreement, (ii) determination that it
has no need for Personal Information, or (iii) at any time THE COMPANY requests, dispose of all records,
electronic or otherwise (including all backup records and/or other copies thereof) regarding or including any
Personal Information that THE REINSURER may then possess or control. Notwithstanding the preceding sentence,
REINSURER may retain one copy of the Personal Information if it is required to do so by applicable law,
regulation, or its written records retention program. All such Personal Information shall be protected as
required by this section, which shall survive termination of this Agreement. Disposal may be achieved, at THE
COMPANY's option, through prompt delivery of the records to THE COMPANY or destruction pursuant to THE
REINSURER's written policy governing such destruction and in a manner that renders the records unreadable and
undecipherable by any means. REINSURER agrees to destroy all such personal information at expiration of period
for which it is required to retain personal information to the standard of this Agreement. Upon any occurrence
of (i), (ii), or (iii) above, THE REINSURER shall promptly certify in writing to THE COMPANY, in a form
acceptable to THE COMPANY and executed by an authorized officer of THE REINSURER, that all such Personal
Information has been destroyed or returned.
THE REINSURER shall be permitted to disclose Personal Information only to its employees having a need to know such
information in connection with the performance of this Agreement. THE REINSURER shall instruct all employees as to
their obligations under this Agreement. THE REINSURER shall be responsible for all employees' compliance with the
terms of this Agreement. If THE REINSURER is required by law to disclose Personal Information, THE REINSURER shall
promptly notify THE COMPANY in writing in advance of such disclosure, and provide THE COMPANY with copies of any
related information so that THE COMPANY may take appropriate action to protect the Personal Information.
Notwithstanding the foregoing, it is understood and agreed that THE REINSURER may disclose Personal Information as
required by an arbitration panel deciding a dispute arising under this agreement or in accordance with applicable law,
court order, or as required by any regulatory authority having jurisdiction over THE REINSURER. THE REINSURER shall be
permitted to disclose Personal Information if the proposed recipient of Personal Information has agreed in writing to
protect the Personal Information to substantially similar standards as the standards of this section in the following
circumstances: (1) for purposes of retrocession of the reinsured business; (2) during the course of external audits;
(3) to consult any tax advisor regarding the U.S. federal income tax treatment or tax structure of this Agreement; (4)
to subcontractors or affiliates of THE REINSURER that require Personal Information in order to provide services to THE
REINSURER; or (5) to affiliates of THE REINSURER for purposes of risk review and analysis.
THE REINSURER acknowledges that the disclosure of Personal Information may cause irreparable injury to THE COMPANY and
damages, which may be difficult to ascertain. Therefore, THE COMPANY shall, upon a disclosure or threatened
disclosure of any Personal Information, be entitled to injunctive relief, and THE REINSURER shall not object to the
entry of an injunction or other equitable relief against THE REINSURER on the basis of an adequate remedy at law, lack
of irreparable harm or any other reason.
THE REINSURER shall notify THE COMPANY, promptly and without unreasonable delay, but in no event more than two (2)
business days of learning that unauthorized access to, disclosure of, or breach in the security of Personal
Information may have occurred or been attempted (a "Security Incident") provided, however, that unsuccessful attempts
against THE REINSURER's systems firewalls are not Security Incidents for the purposes of this Agreement. Thereafter,
THE REINSURER shall, at its own cost and expense:
o Promptly furnish to THE COMPANY full details of the Security Incident;
o Assist and cooperate fully with THE COMPANY in THE COMPANY's investigation of THE REINSURER, employees or third parties
related to the Security Incident, including but not limited to providing THE COMPANY with reasonable physical
access to the facilities and operations affected, facilitating interviews with employees and others involved in
the matter, and making available all relevant records, logs, files, and data;
o Cooperate with THE COMPANY in any litigation or other formal action against third parties deemed necessary by THE COMPANY to
protect its rights; and
o Promptly use its best efforts to prevent a recurrence of any such Security Incident.
In addition to the foregoing, THE REINSURER agrees that in the event of a Security Incident, THE COMPANY shall have
the sole right to determine (i) whether notice is to be provided to any individuals, regulators, law enforcement
agencies, consumer reporting agencies, or others as required by law or regulation, or in THE COMPANY's discretion; and
(ii) the contents of such notice, whether any type of remediation may be offered to affected persons, and the nature
and extent of any such remediation. Any such notice or remediation shall be at THE REINSURER's sole cost and expense.
THE REINSURER certifies that its treatment of Personal Information is in compliance with applicable laws and/or
regulations with respect to privacy and data security and that it has implemented and currently maintains an effective
information security program that includes administrative, technical, and physical safeguards to (a) ensure the
security and confidentiality of Personal Information; (b) to protect against any anticipated threats or hazards to the
security or integrity of such Personal Information; and (c) to protect against unauthorized access to, destruction,
modification, disclosure or use of Personal Information which could result in substantial harm to THE COMPANY, or
substantial harm or inconvenience to any person who may be identified by such Personal Information. THE REINSURER
shall immediately notify THE COMPANY if THE REINSURER is in material breach of this Section. At THE COMPANY's
request, but no more frequently than annually, THE REINSURER agrees to certify in writing to THE COMPANY, its
compliance with the terms of this Section.
If THE REINSURER no longer has an information security program that meets the requirements of the Gramm Xxxxx Xxxxxx
Act for the handling of Personal Information or THE REINSURER is unable to prevent a recurrence of a Security Incident
as described above, THE COMPANY reserves the right to terminate this agreement for new business and/or recapture all
inforce business immediately upon written notice to THE REINSURER.
In witness of the above, THE COMPANY and THE REINSURER have by their respective officers executed and delivered this Agreement in
duplicate on the dates indicated below, with an effective date of October 1, 2007.
----------------------------------------------------------- --------------------------------------------------------
PRUCO LIFE INSURANCE COMPANY MUNICH AMERICAN REASSURANCE COMPANY
By:________________________________ By:______________________________
Title:_______________________________ Title:_____________________________
Date:_______________________________ Date:_____________________________
By:________________________________ By:______________________________
Title:_______________________________ Title:_____________________________
Date:_______________________________ Date:_____________________________
----------------------------------------------------------- --------------------------------------------------------
