REINSURANCE AMENDMENT 3
Treaty No. CMC-0902
between
Texas Imperial Life Insurance Company
and
Alabama Reassurance Company
Whereas, Texas Imperial Life Insurance Company (the "Company") and Alabama
Reassurance Company (the "Reinsurer") are parties to a reinsurance
agreement (#CMC-0902)(the "Agreement") and
Whereas, the Company and the Reinsurer want to increase the coinsurance
reserve amount under the Agreement at December 31, 1996 by $300,000, it is
therefore
Agreed as follows:
(a) the "Coinsurance Reserve" as defined in Section 5.02 of the Agreement
shall at December 31, 1996 be set at the amount equal to the sum of
(1) the amount of the Coinsurance Reserve at December 31, 1996 but
for this amendment and (2) $300,000.
(b) the "Coinsurance Percentage" as defined in Section 5.02 of the
Agreement shall at December 31, 1996 equal the Coinsurance Reserve as
calculated in Paragraph (a) above divided by the gross statutory
reserves covered by the Agreement at December 31, 1996.
(c) the "Mod-Co Percentage" as defined in Section 5.01(b) of the
Agreement shall at December 31, 1996 equal 100% less the Coinsurance
Percentage calculated in Paragraph(b) above.
Texas Imperial Life Insurance Company
By: Attested by:
/s/Xxxx X. Xxxxxxx /s/Xxxxx Xxxxxxxxxxx
(name) (name)
President Controller & Treasurer
(title) (title)
December 20, 1996 December 20, 1996
(date) (date)
Alabama Reassurance Company
By: Attested by:
/s/Xxxxxx Xxxxxxx /s/Xxx Xxxxxx
(name) (name)
Vice President & Actuary Secretary
(title) (title)
December 31, 1996 December 31, 1996
(date) (date)
