Exhibit (g)(24)
AMENDMENT
to the Automatic and Facultative Reinsurance Agreement (the "Agreement")
effective April 29, 1999, between
IDS LIFE INSURANCE COMPANY of Minneapolis, Minnesota
(hereinafter referred to as "CEDING COMPANY")
and
[NAME OF REINSURANCE COMPANY] of [city and state of reinsurance company]
(hereinafter referred to as "REINSURER")
THIS AMENDMENT IS EFFECTIVE JANUARY 1, 2001
1. Schedule B, Reinsurance Premiums - Yearly Renewable Term Basis is hereby
revised and replaced with the attached Schedule B, Reinsurance Premiums -
Yearly Renewable Term Basis (Effective January 1, 2001), which shows
revised allowances applicable to base policies and Other Insured Riders
with issue dates on or after January 1, 2001. This Amendment does not
revise the ALB Annual Cost of Insurance Rates attached as part of Schedule
B.
2. All provisions of the Agreement not specifically modified herein remain
unchanged.
In witness of the above, CEDING COMPANY and REINSURER have by their respective
officers executed and delivered this Amendment in duplicate on the dates
indicated below.
IDS LIFE
INSURANCE COMPANY [NAME OF REINSURANCE COMPANY]
By: /s/ Xxxxx X. Xxxxxx By: [signature]
------------------------------ Title: [title]
Title: Reinsurance Actuary Date: 12/7/00
Date: 11/13/2000
By: /s/ Xxxxxxx X. Xxxxxxxx By: [signature]
------------------------------ Title: [title]
Title: EVP-Risk Management Date: 12-4-00
Date: 11/13/2000
EXHIBIT I
Underwriting Guidelines for Internal Replacements to Permanent Insurance
EVEN EXCHANGES AND NOT REQUESTING OR NOT ELIGIBLE FOR PREFERRED CLASS
o No underwriting
EVEN EXCHANGES WITH REQUEST FOR PREFERRED RATES
Within three years (use last date underwritten) :
o Application
Three to ten years:
o Application
o MIG (if necessary for new age and full amount of new policy)
o Blood, urine and physical measures
More than ten years:
o Full underwriting for new age and full amount of new policy
Exchanges with Increases
o If the original policy was underwritten non-medically, full underwriting
for new age and full amount of new policy is required
INCREASE OF $25,000 OR LESS:
o Follow guidelines for even exchanges with request for preferred rates
o Exception: Three to ten years - blood, urine and physical measures are
required only if necessary for new age and full amount of new policy
INCREASES GREATER THAN $25,000:
Within three years (use last date underwritten):
o Application
o Full underwriting for new age and amount of increase
Three to ten years:
o Application
o MIG, blood, urine and physical measures (if necessary for new age and full
amount of new policy)
o Full underwriting for new age and amount of increase
More than ten years:
o Full underwriting for new age and full amount of new policy
[redacted] VUL3 (4/29/99) 06/28/99
AMENDMENT
to the Automatic and Facultative Reinsurance Agreement (the "Agreement")
effective April 29, 1999, between
IDS LIFE INSURANCE COMPANY of Minneapolis, Minnesota
(hereinafter referred to as "CEDING COMPANY")
and
[NAME OF REINSURANCE COMPANY] of [city and state of reinsurance company]
(hereinafter referred to as "REINSURER")
THIS AMENDMENT IS EFFECTIVE JANUARY 1, 2001
1. Schedule B, Reinsurance Premiums - Yearly Renewable Term Basis is hereby
revised and replaced with the attached Schedule B, Reinsurance Premiums -
Yearly Renewable Term Basis (Effective January 1, 2001), which shows
revised allowances applicable to base policies and Other Insured Riders
with issue dates on or after January 1, 2001. This Amendment does not
revise the ALB Annual Cost of Insurance Rates attached as part of Schedule
B.
2. All provisions of the Agreement not specifically modified herein remain
unchanged.
In witness of the above, CEDING COMPANY and REINSURER have by their respective
officers executed and delivered this Amendment in duplicate on the dates
indicated below.
IDS LIFE
INSURANCE COMPANY [NAME OF REINSURANCE COMPANY]
By: /s/ Xxxxx X. Xxxxxx By: [signature]
------------------------------ Title: [title]
Title: Reinsurance Actuary Date: 12/7/00
Date: 11/13/2000
By: /s/ Xxxxxxx X. Xxxxxxxx By: [signature]
------------------------------ Title: [title]
Title: EVP-Risk Management Date: 12-4-00
Date: 11/13/2000
[redacted] VUL3 (4/29/99) 11/10/2000
Amendment Effective 1/1/2001
SCHEDULE B
REINSURANCE PREMIUMS - YEARLY RENEWABLE TERM BASIS
(EFFECTIVE JANUARY 1, 2001)
1. LIFE INSURANCE:
a. For base policies and Other Insured Riders with issue dates before
January 1, 2001, the standard annual reinsurance premium rates per
$1000 of Reinsurance Risk Amount are the net of the ALB Annual Cost
of Insurance (COI) rates attached to this Schedule B and the
following allowances:
--------------------------------------------------------------------
Years Preferred Std Non-Tobacco Tobacco
--------------------------------------------------------------------
1 [percentage] [percentage] [percentage]
--------------------------------------------------------------------
2-10 [percentage] [percentage] [percentage]
--------------------------------------------------------------------
11+ [percentage] [percentage] [percentage]
--------------------------------------------------------------------
b. For base policies and Other Insured Riders with issue dates on or
after January 1, 2001, the standard annual reinsurance premium rates
per $1000 of Reinsurance Risk Amount are the net of the ALB Annual
Cost of Insurance (COI) rates attached to this Schedule B and the
following allowances:
--------------------------------------------------------------------
Years Preferred Std Non-Tobacco Tobacco
--------------------------------------------------------------------
1-10 [percentage] [percentage] [percentage]
--------------------------------------------------------------------
11+ [percentage] [percentage] [percentage]
--------------------------------------------------------------------
c. Where a substandard table rating is applied, the underlying COI
rates will be increased by [percentage] per table, and then
multiplied by the percentage above.
d. Flat Extra reinsurance premiums are the following percentages of
such premiums charged the insured:
--------------------------------------------------------------------
Permanent flat extra premiums (for more than 5 years duration)
--------------------------------------------------------------------
First Year [percentage]
--------------------------------------------------------------------
Renewal Years [percentage]
--------------------------------------------------------------------
--------------------------------------------------------------------
Temporary flat extra premiums (for 5 years or less duration)
--------------------------------------------------------------------
All Years [percentage]
--------------------------------------------------------------------
e. There will be no reinsurance premium charged for the Automatic
Increasing Benefit Rider.
[redacted] VUL3 (4/29/99) 11/10/2000
Amendment Effective 1/1/2001
SCHEDULE B (EFFECTIVE JANUARY 1, 2001), CONTINUED
2. AGE BASIS:
Age Last Birthday
[redacted] VUL3 (4/29/99) 11/10/2000
Amendment Effective 1/1/2001
SCHEDULE D
FACULTATIVE FORMS
Application for Reinsurance
Notification of Reinsurance
[redacted] VUL3 (4/29/99) 6/28/99
SCHEDULE C, PART IV
Quarterly Reserve Report
Mean Reserves as of End of ____________ Quarter, 19__
Risk Premium Reinsurance
Life _______________________________
Accidental Death Benefits _______________________________
Waiver of Premium _______________________________
Mortality Table _______________________________
Rate of Interest _______________________________
BRPR
6/82
CONDITIONAL RECEIPT SCHEDULE
Conditional Receipt
-22-
IDS LIFE INSURANCE COMPANY
IDS TOWER 10
Xxxxxxxxxxx, Xxxxxxxxx 00000
An American-Express company
AGREEMENT AND SIGNATURE
--------------------------------------------------------------------------------
AGREEMENT
By signing this application, you acknowledge all of the following terms and
conditions.
ADEQUATE INFORMATION. You have received the Description of IDS Life's
Information Practices, and you have read and understood it.
WHEN COVERAGE BEGINS. You agree that an Insured for life or disability
insurance will be covered prior to policy delivery only when all of the
following requirements have been met:
The owner has paid the full first premium, according to the mode of
premium payment selected, for all insurance applied for in this
application (any check or draft for that payment must be honored by the
bank); and
The Insured has submitted all medical and other information required by
the company's written underwriting rules; and
The Insured is insurable on the Effective Date, as defined below, under
the company's underwriting rules, for the plan and amount of coverage at
the rate applied for with no modification. "Effective Date" as used herein
means the later of: (a) the date of this application; or (b) the date of
completion of all medical examinations and other information required by
the company's written underwriting rules.
In cases where the Insured is not insurable for the plan or the amount or
at the rate applied for, coverage begins if and when the company includes
that person under a policy accepted by the owner.
For disability coverage, all disability policies specified to be
discontinued in this application must also be discontinued before coverage
will begin. (This limitation is subject to the incontestability provision
in the policy.)
AMOUNT OF COVERAGE. Before the policies are delivered, the amount of
coverage on each Insured will be the total requested for that person, up
to a maximum of [dollar amount].
COMPANY'S RESPONSIBILITIES. You understand that:
Only the company has the authority to decide on insurability and
risk classification and to bind the company to insure the insured;
If a policy does not go into effect, the company's sole liability
will be to refund any premium paid, plus interest if required by
law;
Only statements made in writing will bind the company;
No change in or waiver of anything in this application or alteration
of an insurance policy is binding unless it is in writing and signed
by an officer of the company; and
By accepting a policy, the owner ratifies any changes entered at any
time in the Home Office Endorsements section of this application.
However, the owner must sign a separate written document for any
change in type of plan, amount, benefits or Insured's risk
classification.
Any insurance provided by this agreement will be subject to the
conditions and terms of the policy applied for.
RELEASE OF INFORMATION. It is our policy and practice to respect each
individual's right to privacy. Releasing limited client information occurs
when there is a service we do not provide and believe could meet your
specific financial needs. If you object to such release, please indicate
this on the application or by writing to us.
VIRGINIA APPLICATIONS ONLY. You agree that the completed application has
been read by or to you and you understand that any false statement or
misrepresentation may result in loss of coverage under this policy.
QUALIFIED PLANS ONLY. You certify that the plan stated in item B is
qualified under Section 401(a) of the United States Internal Revenue Code.
This policy will be issued based on representations by you that the Plan
is qualified.
DECLARATION
You declare that each of the answers made in this application is
true and complete to the best of your knowledge and belief and will
be a basis for any policy issued. You also acknowledge that you have
received a copy of this agreement and receipt for any premium paid
with this application.
CERTIFICATION
You certify, under the penalties of perjury as required by Form W-9
of the Internal Revenue Service, that the names, addresses, social
security (taxpayer ID) numbers, and backup withholding information
provided in this application are true, correct and complete.
VARIABLE LIFE/VARIABLE UNIVERSAL LIFE. If you have applied for this type of
insurance, check each of the following to acknowledge that you have read and
understood them:
|_| ADEQUATE INFORMATION. You have received the current prospectuses for
the policy applied for and any funds involved.
|_| PURPOSE. You agree that this variable type of insurance is in accord
with your insurance and financial objectives.
|_| VARIABLE VALUES. The amount of Death Benefit and Policy Value can
both Increase and decrease, however the Death Benefit will never be
less than any Guaranteed Minimum Death Benefit.
|_| FEES AND CHARGES. The fees and charges (including possible surrender
charges) have been explained to you and are also explained in detail
in the policy.
UNIVERSAL LIFE INSURANCE. If you have applied for this type of insurance, you
acknowledge that you have been informed that (1) the company may periodically
change the current interest rate being credited on cash values, and (2) that
surrender charges may apply in certain circumstances.
CONSOLIDATED STATEMENT
IDS periodically sends out information for each of its accounts, which are
consolidated into one Statement covering all accounts owned by members of
the same household. If you don't want this account reported that way,
check here |_|.
AUTHORIZATION TO OBTAIN INFORMATION-IDS LIFE INSURANCE COMPANY
You authorize any physician, medical practitioner, hospital, other medical
facility, the Medical Information Bureau and any other organization or
person having medical and other Information about you and your minor
children to give that information to the company or its reinsurer. You
understand that the company will use this information to determine
eligibility for insurance and benefits. The company will not release the
information except to a reinsurance company, the Medical Information
Bureau, and any person or organization providing business or legal
services relating to your application or any claim. You know that your
medical records, including any alcohol or drug abuse information, may be
protected by Federal Regulation 42 CFR Part 2.
You authorize the company to obtain investigative consumer reports on you
and your minor children. You understand that you have the right to request
a personal interview if an investigative consumer report is obtained.
You agree that a photographic copy of this authorization will be as valid
as the original.
You agree that this authorization will be valid for two and one-half years
from the date shown below.
You acknowledge that you have received a copy of this authorization.
Signatures (Insureds under age 15 need not sign.)
Insured (base plan) x OIR Insured x
------------------------------------------ ------------------------------------------
FIR Spouse x OIR Insured x
------------------------------------------ ------------------------------------------
Nominator x OIR Insured x
------------------------------------------ ------------------------------------------
Owner's signature x (omit if owner already signed as an Insured)
-------------------------------------------
Signed at (city) (state) on (date)
--------------------------------- -------------------------------- ------------------------
RECEIPT
--------------------------------------------------------------------------------
All checks must be completed in full and be made payable to the company (not to
the representative).
Received from ____________________________ the sum of $_____________________
with this application.
|_| No money paid with this application.
REPRESENTATIVE'S REPORT
--------------------------------------------------------------------------------
a Is Insured related to representative? |_| Yes, give relationship _______
|_| No, how long acquainted?______
b If the Insured must be called, give best time to call, between
8 a.m.-4:30 p.m. CST, M-F:___________________ and phone: (_____)_________
c Medical requirements (check one)
|_| Medical examination not required. Insured must complete the medical
history questionnaire
|_| Insured must have medical exam Examiner ________
Date of exam appointment /_/_____ Type A B C D E
(Circle One)
|_| OIR must have medical exam Examiner ____________
Date of exam appointment /_/_____ Type A B C D E
(Circle One)
You certify that you personally requested the information in this
application and witnessed its signing and received any money that was
paid. You also certify that you truly and accurately recorded on the
application the information supplied by the applicant.
You are not aware of anything detrimental to the risk that is not recorded
in this application.
To the best of your knowledge and belief this application |_| does |_|
does not involve replacement of existing insurance or annuities.
|_| Virginia applications only: You certify that the paragraph marked
"Virginia applications only," in the Agreement above, was discussed
with the client and its terms were satisfied.
Representative's signature ___________ No. __________DSO _________________
Representative's name (print) ___________________ Phone ( ) _____________
33885
PREMIUM SCHEDULE
Reinsurance Premium Rates
Fully Underwritten Issues
Standard Risks
The monthly reinsurance premium shall be the attached Guaranteed Maximum cost of
insurance rates charged the insured per thousand of the net amount at risk times
the following percentages:
Automatic and Capacity Facultative*
Policy Year
1 2+
---- -----
Non-Capacity Facultative**
Policy Year
1 2+
---- -----
Substandard Risks
The substandard table extra premiums shall be the number of tables assessed the
risk times [percentage] of the attached appropriate standard rates times the
above percentages.
* Capacity facultative reinsurance is that reinsurance for which the
REINSURED made facultative application to no reinsurer other than the
[name of reinsurance company] and on which the REINSURED retains its full
limit of retention for the plan, age at issue, and mortality
classification of the policy.
** Non-capacity facultative reinsurance is that reinsurance for which the
REINSURED made facultative application to reinsurers other than the [name
of reinsurance company]N and on which the REINSURED retains less than its
full limit of retention for the plan, age at issue, and mortality
classification of the policy.
-23-
PREMIUM SCHEDULE (CONTINUED)
Continuations to Issues Reinsured Hereunder
The reinsurance premium for policies reinsured under this agreement as
continuations shall be the appropriate premium described in this agreement;
unless the reinsurance agreement under which the original policy was reinsured
specifies otherwise, the policy duration and attained age of the insured for
purposes of calculating such premiums, shall be determined as though the
continuations were issued on the same date and at the same issue age as the
original policy.
Continuations from Issues Reinsured Hereunder
The reinsurance premium for continuations of policies reinsured under this
agreement shall be as described in the agreement which covers the new policy;
unless that agreement specifies otherwise, the policy duration and attained age
of the insured, for purposes of calculating such premiums, shall be determined
as though the continuations were issued on the same date and at the same issue
age as the original policy. If no such agreement is in effect between the [name
of reinsurance company] and the REINSURED, reinsurance shall continue hereunder.
Continuation Policy Fee
If the premium scale applicable to a continuation contains a policy fee, a
continuation shall, for purposes of determining the policy fee only and
notwithstanding the method prescribed for calculating the basic premium, be
considered a renewal if the REINSURED has paid the [name of reinsurance company]
a first-year policy fee on reinsurance of the original policy and as a new issue
if the REINSURED has not paid the [name of reinsurance company] a policy fee on
reinsurance of the original policy.
Waiver of Premium Disability
The premium which the REINSURED charges the insured on the amount reinsured less
total allowances of [percentage] first year and [percentage] in renewal years.
-24-
MALE RATE TABLE
Guaranteed Maximum Monthly Cost of Insurance Rates per $1,000
for Insureds with a Standard Rate Classification
Standard Standard Standard
Attained Non- Attained Non- Attained Non-
Age Standard Smoker Age Standard Smoker Age Standard Smoker
--- -------- ------ --- -------- ------ --- -------- ------
For insureds with other than a standard rating classification, the guaranteed
monthly cost of insurance rates are calculated by multiplying the above monthly
rates by the Special Class Rating Factor shown under Policy Data.
FEMALE RATE TABLE
Guaranteed Maximum Monthly Cost of Insurance Rates per $1,000
for Insureds with a Standard Rate Classification
Standard Standard Standard
Attained Non- Attained Non- Attained Non-
Age Standard Smoker Age Standard Smoker Age Standard Smoker
--- -------- ------ --- -------- ------ --- -------- ------
For insureds with other than a standard rating classification, the guaranteed
monthly cost of insurance rates are calculated by multiplying the above monthly
rates by the Special Class Rating Factor shown under Policy Data.
ARBITRATION SCHEDULE
To initiate arbitration, either the REINSURED or the [name of reinsurance
company] shall notify the other party in writing of its desire to arbitrate,
stating the nature of its dispute and the remedy sought. The party to which the
notice is sent shall respond to the notification in writing within ten (10) days
of its receipt.
The arbitration hearing shall be before a panel of three arbitrators, each of
whom must be a present or former officer of a life insurance company. An
arbitrator may not be a present or former officer, attorney, or consultant of
the REINSURED or the [name of reinsurance company] or either's affiliates.
The REINSURED and the [name of reinsurance company] shall each name five (5)
candidates to serve as an arbitrator. The REINSURED and the [name of reinsurance
company] shall each choose one candidate from the other party's list, and these
two candidates shall serve as the first two arbitrators. If one or more
candidates so chosen shall decline to serve as an arbitrator, the party which
named such candidate shall add an additional candidate to its list, and the
other party shall again choose one candidate from the list. This process shall
continue until two arbitrators have been chosen and have accepted. The REINSURED
and the [name of reinsurance company] shall each present their initial lists of
five (5) candidates by written notification to the other party within
twenty-five (25) days of the date of the mailing of the notification initiating
the arbitration. Any subsequent additions to the list which are required shall
be presented within ten (10) days of the date the naming party receives notice
that a candidate that has been chosen declines to serve.
The two arbitrators shall then select the third arbitrator from the eight (8)
candidates remaining on the lists of the REINSURED and the [name of reinsurance
company] within fourteen (14) days of the acceptance of their positions as
arbitrators. If the two arbitrators cannot agree on the choice of a third, then
this choice shall be referred back to the REINSURED and the [name of reinsurance
company]. The REINSURED and the [name of reinsurance company] shall take turns
striking the name of one of the remaining candidates from the initial eight (8)
candidates until only one candidate remains. If the candidate so chosen shall
decline to serve as the third arbitrator, the candidate whose name was stricken
last shall be nominated as the third arbitrator. This process shall continue
until a candidate has been chosen and has accepted. This candidate shall serve
as the third arbitrator. The first turn at striking the name of a candidate
shall belong to the party that is responding to the other party's initiation of
the arbitration. Once chosen, the arbitrators are empowered to decide all
substantive and procedural issues by a majority of votes.
It is agreed that each of the three arbitrators should be impartial regarding
the dispute and should resolve the dispute on the basis described in the
"ARBITRATION" article. Therefore, at no time will either the REINSURED or the
[name of reinsurance company] contact or otherwise communicate with any person
who is to be or has been designated as a candidate to serve as an arbitrator
concerning the dispute, except upon the basis of jointly drafted communications
provided by both the REINSURED and the [name of reinsurance company] to inform
those candidates actually chosen as arbitrators of the nature and facts of the
dispute. Likewise, any written or oral arguments provided to the arbitrators
concerning the dispute shall be coordinated with the other party and shall be
provided simultaneously to the other party or shall take place
-25-
ARBITRATION SCHEDULE (Continued)
in the presence of the other party. Further, at no time shall any arbitrator be
informed that the arbitrator has been named or chosen by one party or the other.
The arbitration hearing shall be held on the date fixed by the arbitrators. In
no event shall this date be later than six (6) months after the appointment of
the third arbitrator. As soon as possible, the arbitrators shall establish
prearbitration procedures as warranted by the facts and issues of particular
case. At least ten (10) days prior to the arbitration hearing, each party shall
provide the other party and the arbitrators with a detailed statement of the
facts and arguments it will present at the arbitration hearing. The arbitrators
may consider any relevant evidence; they shall give the evidence such weight as
they deem it entitled to after consideration of any objections raised concerning
it. The party initiating the arbitration shall have the burden of proving its
case by a preponderance of the evidence. Each party may examine any witnesses
who testify at the arbitration hearing. Within twenty (20) days after the end of
the arbitration hearing, the arbitrators shall issue a written decision that
sets forth their findings and any award to be paid as a result of the
arbitration, except that the arbitrators may not award punitive or exemplary
damages. In their decision, the arbitrators shall also apportion the costs of
arbitration, which shall include, but not be limited to, their own fees and
expenses.
-26-
AMENDMENT
AMENDMENT
to the Risk Premium Reinsurance Agreement (the "Agreement")
effective April 1, 1990, between
IDS LIFE INSURANCE COMPANY of Minneapolis, Minnesota,
hereinafter referred to as the "REINSURED,"
and
[name of reinsurance company] of [city and state of reinsurance company]
hereinafter referred to as the "[name of reinsurance company]."
The REINSURED'S plans to be reinsured under the Agreement on and
after the first day of May, 1991, shall be those specified in the Subject
Reinsurance Schedule, attached hereto.
It is expressly understood and agreed that the provisions of this
amendment shall be subject to all the terms and conditions of the Agreement of
which this amendment is a part which do not conflict with the terms hereof.
IN WITNESS WHEREOF the parties hereto have caused this amendment to
be executed in duplicate on the dates shown below.
IDS LIFE INSURANCE COMPANY
Signed at Minneapolis, MN
By /s/ [ILLEGIBLE] By /s/ Xxxxxxx X. Xxxxxxxx
------------------------------- --------------------------------
Title Vice President - Finances Title Vice President - Insurance Product Development
Date 6/10/91 Date 6/10/91
[name of reinsurance company]
Signed at [city and state of reinsurance company]
By [signature] By [signature]
[title] [title]
Date 6/14/91 Date June 14, 1991
-----------------------
IMAGED
DATE 9-10-91 BY CD
------- ------
-----------------------
Agreement No. 18/Revision No. 1 Page.1
SUBJECT REINSURANCE SCHEDULE
Insurance Subject to Reinsurance under this Agreement
The REINSURED'S entire excess of its issues of the following plans bearing
application dates in the range shown below to insureds having surnames beginning
with the letters of the alphabet shown below.
A. Thirty-three and one-third percent of the reinsurance the REINSURED cedes
automatically of the insurance specified below shall be ceded under this
agreement.
Dates Letters
----- -------
Plan From Through From Through
---- ---- ------- ---- -------
UL25 04-01-90 -- A z
UL100 04-01-90 -- A z
UL500 04-01-90 -- A z
VUL 04-01-90 -- A z
EUL25 04-01-90 -- A z
EUL100 04-01-90 -- A z
Other Insured Riders (OIR) 04-01-90 -- A z
Waiver of Monthly
Deductions (WMD) Rider 04-01-90 -- A z
Whole Life 04-01-90 -- A z
Annual Reducing Term
(ART) Rider 04-01-90 -- A z
Waiver of Premium (WP) Rider 04-01-90 -- A z
YRT 04-01-90 -- A z
YRT-7 04-01-90 -- A z
10 Year Renewable Term 04-01-90 -- A z
ART Rider 04-01-90 -- A z
Waiver of Premium Rider 04-01-90 -- A z
ART 04-01-90 -- A z
Mortgage Term 04-01-90 -- A z
ART Rider 04-01-90 -- A z
Waiver of Premium Rider 04-01-90 -- A z
VUL-350 05-01-91 -- A z
Agreement No. 18/Revision No. 1 Page.2
SUBJECT REINSURANCE SCHEDULE (CONTINUED)
B. One hundred percent of the reinsurance the REINSURED cedes facultatively
of the insurance specified below shall be ceded under this agreement
provided the REINSURED has accepted the [name of reinsurance company]
offer to reinsure.
Dates Letters
----- -------
Plan From Through From Through
---- ---- ------- ---- -------
UL25 04-01-90 -- A z
UL100 04-01-90 -- A z
UL500 04-01-90 -- A z
VUL 04-01-90 -- A z
EUL25 04-01-90 -- A z
EUL100 04-01-90 -- A z
Other Insured Riders (OIR) 04-01-90 -- A z
Waiver of Monthly
Deductions (WMD) Rider 04-01-90 -- A z
Whole Life 04-01-90 -- A z
Annual Reducing Term
(ART) Rider 04-01-90 -- A z
Waiver of Premium (WP) Rider 04-01-90 -- A z
YRT 04-01-90 -- A z
YRT - 7 04-01-90 -- A z
10 Year Renewable Term 04-01-90 -- A z
ART Rider 04-01-90 -- A z
Waiver of Premium Rider 04-01-90 -- A z
ART 04-01-90 -- A z
Mortgage Term 04-01-90 -- A z
ART Rider 04-01-90 -- A z
Waiver of Premium Rider 04-01-90 -- A z
VUL - 350 05-01-91 -- A z
C. Continuations to the insurance specified above shall be ceded under this
agreement provided the original policy was reinsured with the [name of
reinsurance company] under this or another agreement. The percentage of
reinsurance ceded to [name of reinsurance company] shall equal the
percentage of the original policy ceded to [name of reinsurance company].
Agreement No. 18/Revision No. 1 Page.3
AMENDMENT
to the Risk Premium Reinsurance Agreement (the "Agreement")
effective April 1, 1990, between
IDS LIFE INSURANCE COMPANY of Minneapolis, Minnesota,
hereinafter referred to as the "REINSURED,"
and
[name of reinsurance company] of [city and state of reinsurance company]
hereinafter referred to as the "[name of reinsurance company]."
1. It is hereby agreed that on and after the first day of April,
1990, paragraph B of the "PAYMENT OF REINSURANCE PREMIUMS" article of the
Agreement shall be replaced with the following:
"B. The amount due to [name of reinsurance company] shall
accompany such report; if the amount is due the REINSURED, the
[name of reinsurance company] shall remit such amount to the
REINSURED within fifteen days of receipt of the report.
Premiums for reinsurance hereunder are payable at the Home
Office of the [name of reinsurance company] or any other
location specified by the [name of reinsurance company] and
shall be paid on a monthly basis with respect to Universal
Life plans and shall be paid on an annual basis with respect
to plans other than Universal Life plans without regard to the
manner of payment stipulated in the policy issued by the
REINSURED."
2. It is hereby agreed that on and after the first day of April,
1990, the Premium Schedule of the Agreement shall be replaced with the attached
Premium Schedule.
It is expressly understood and agreed that the provisions of this
amendment shall be subject to all the terms and conditions of the Agreement
which do not conflict with the terms hereof.
-----------------------
IMAGED
DATE 9-10-91 BY CD
------- ------
-----------------------
Agreement No. 18/Revision No. 2 Page.1
