Exhibit (g)(23)
SECOND AMENDMENT TO AUTOMATIC AND FACULTATIVE REINSURANCE AGREEMENT
("AMENDMENT")
Reference is made to the Automatic and Facultative Reinsurance Agreement, dated
effective April 29, 1999 (herein the "Agreement"), by and between IDS Life
Insurance Company and [name of reinsurance company], under which reinsurance is
provided for policies issued on the "VUL-III" plans and related riders. The
undersigned parties hereby agree that the Agreement shall be and is hereby
amended as follows:
1. The following provision shall be added at the end of section 1 of
Schedule B: "For policy years beginning before January 1, 2006,
standard non-tobacco allowances shall be applied to juvenile
policies up to an attained age of twenty years old for purposes of
determining reinsurance premiums; for policy years beginning on or
after January 1, 2006, standard tobacco allowances shall be applied
to juvenile policies up to an attained age of twenty years old for
purposes of determining reinsurance premiums. For all policies
regardless of policy year, if the attained age of the policyholder
is twenty years or older, the allowance corresponding to the
applicable underwriting class as specified in the table in section
1.a. of this Schedule B shall be applied."
2. This revision shall be applied retrospectively to the effective date
of the Agreement.
Capitalized terms not otherwise defined herein have the meaning ascribed to them
as in the Agreement. Except as expressly amended above, all other terms of the
Agreement, together with all exhibits and attachments thereto, remain in full
force and effect. This Amendment is effective immediately upon execution by both
of the undersigned parties. This Amendment is made in duplicate and executed
below by authorized representatives of both parties.
IDS LIFE INSURANCE COMPANY [NAME OF REINSURANCE COMPANY]
By: /s/ Xxxxxxx X. Xxxxxxxx By: [signature]
----------------------------- (signature)
(signature)
Xxxxxxx X. Xxxxxxxx [signature]
-----------------------------
(print or type name) (print or type name)
Title: President Title: [title]
Date: Dec. 30, 2005 Date: Jan 17, 2006
Attest: /s/ Xxxxxxx X. Xxxxxxxx Attest: [signature]
-----------------------------
(signature) (signature)
Title: Reinsurance Officer Title: [title]
AMENDMENT TO AUTOMATIC AND FACULTATIVE REINSURANCE AGREEMENT
("AMENDMENT")
Reference is made to the Automatic and Facultative Reinsurance Agreement, dated
effective November 15, 2000 (herein the "Agreement"), by and between IDS Life
Insurance Company of New York and [name of reinsurance company], under which
reinsurance is provided for policies issued on the "VUL-III" plans and related
riders. The undersigned parties hereby agree that the Agreement shall be and is
hereby amended as follows:
1. The following provision shall be added at the end of section 1 of
Schedule B: "For policy years beginning before January 1, 2006,
standard non-tobacco allowances shall be applied to juvenile
policies up to an attained age of twenty years old for purposes of
determining reinsurance premiums; for policy years beginning on or
after January 1, 2006, standard tobacco allowances shall be applied
to juvenile policies up to an attained age of twenty years old for
purposes of determining reinsurance premiums. For all policies
regardless of policy year, if the attained age of the policyholder
is twenty years or older, the allowance corresponding to the
applicable underwriting class as specified in the table in section
l.a. of this Schedule B shall be applied."
2. This revision shall be applied retrospectively to the effective date
of the Agreement.
Capitalized terms not otherwise defined herein have the meaning ascribed to them
as in the Agreement. Except as expressly amended above, all other terms of the
Agreement, together with all exhibits and attachments thereto, remain in full
force and effect. This Amendment is effective immediately upon execution by both
of the undersigned parties. This Amendment is made in duplicate and executed
below by authorized representatives of both parties.
IDS LIFE INSURANCE COMPANY OF NEW YORK [NAME OF REINSURANCE COMPANY]
By: /s/ Xxxxxxx X. Xxxxxxxx By: [signature]
----------------------------- (signature)
(signature)
Xxxxxxx X. Xxxxxxxx [signature]
-----------------------------
(print or type name) (print or type name)
Title: President Title: [title]
Date: Dec. 30, 2005 Date: Jan 17, 2006
Attest: /s/ [ILLEGIBLE] Attest: [signature]
-----------------------------
(signature) (signature)
Title: Reinsurance Officer Title: [title]
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