LH01-025B 05/02/01
AMENDMENT NO. 2
The Automatic Coinsurance Universal Life Reinsurance Agreement (Document No.
L96-0317/Fremont UL Plans) of December 31, 1995, between EMPLOYERS REASSURANCE
CORPORATION of Overland Park, Kansas and GREAT SOUTHERN LIFE INSURANCE COMPANY a
Texas corporation with executive offices in Kansas City, Missouri as successor
in interest with respect to the policies by way of assumption reinsurance with
Fremont Life Insurance Company, is hereby amended as follows:
I. Effective July 1, 1996, the Corporation will cease to be obligated
under this agreement for the expense commission shown in Item 9 of the
Schedule (this item was relocated to the Investment Management
Agreement (Ohio Life and Fremont Business) of October 2, 1995).
II. Effective October 1, 2000:
A. The last paragraph is deleted from Article VI and the following paragraph
is substituted therefor:
The term "Escrow Account" means the funds pertaining
to this agreement and the Annuity Treaty held by the
State Street Bank and Trust Company pursuant to its
Custodian Agreement (formerly Fremont Business/now
Contingent Xxxxxxx Assets) of January 14, 2000 with
the Corporation and The College Life Insurance
Company (or its successor).
B. Article XVIII is deleted and the following Article XVIII is substituted
therefor:
ARTICLE XVIII
ASSIGNMENTS AND CHANGES OF INTEREST. No assignment or
change of either party's interest hereunder, whether
voluntary or involuntary and whether by merger or
reinsurance of its entire business with another
company or otherwise, shall be binding upon the other
party, provided that this article does not apply to
the assignment the Corporation will make during or
after 2003 of its interest and liabilities as the
reinsurer to Great Southern Life Insurance Company
(or its designated affiliate), but only if The
College Life Insurance Company of America (or its
successor or designated affiliate) is then assuming
the policies from the Corporation on a 100%
coinsurance basis.
In all other respects not inconsistent herewith, said agreement shall remain
unchanged.
IN WITNESS WHEREOF, the parties hereto have caused this amendment to be
executed in duplicate.
GREAT SOUTHERN LIFE EMPLOYERS REASSURANCE
INSURANCE COMPANY CORPORATION
By:__________________________________ By:_______________________________
Title:________________________________ Title:____________________________
Date:________________________________ Date:_____________________________
