EX 26 (g) v. a. AMENDMENT to the AUTOMATIC YRT AGREEMENT between MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, (hereinafter referred to as the “Ceding Company”) and MUNICH AMERICAN REASSURANCE COMPANY (hereinafter referred to as the “Reinsurer”)...
EX 26 (g) v. a.
AMENDMENT to the
between
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY,
C.M. LIFE INSURANCE COMPANY, and
MML BAY STATE LIFE INSURANCE COMPANY
(hereinafter referred to as the “Ceding Company”)
and
MUNICH AMERICAN REASSURANCE COMPANY
(hereinafter referred to as the “Reinsurer”)
Original Treaty Effective Date: August 1, 2008
Coverage: VARIABLE UNIVERSAL LIFE III
Effective January 1, 2009, the Amendment effective date, the applicable sections of Schedule A – Accepted Coverages of the above-referenced Agreement will be replaced with the following:
Plans of Insurance: Variable Universal Life III, Strategic Life 14-2009 and the following riders: Substitute of Insured Rider (SIR) and Guaranteed Insurability Rider (GIR). Rider coverage not requiring evidence of insurability shall be point-in-scale when exercised.
Eligible Policies: Variable Universal Life III and Strategic Life 14-2009 policies and increases (not otherwise eligible for the Ceding Company’s Salvage program) that are entered into the Ceding Company’s new business system on or after the Effective Date of this Agreement or those policies issued as continuations of such policies under the Agreement (including policies backdated for up to six (6) months to a date before the effective date of this Agreement).
Also, the applicable section of Schedule B – Reinsurance Limits of the above-referenced Agreement will be replaced with the following:
Reinsurer’s Share: The Reinsurer’s share shall be:
VUL III – % of $
SL14-2009 – % of $
Reinsurer’s Automatic Binding Limit: VUL III – $
SL14-2009 – $
Minimum Initial Cession: VUL III – $
SL14-2009 – $
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All other conditions of this Agreement not in conflict with the terms and conditions of this Amendment will continue unchanged.
IN WITNESS WHEREOF, both parties in duplicate hereby execute this Amendment in good faith:
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY |
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By: | /s/ Xxxxx X. Xxxxxx |
Date: | 11/05/08 | |||||
Xxxxx X. Xxxxxx Second Vice President & Actuary |
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C.M. LIFE INSURANCE COMPANY | ||||||||
By: | /s/ Xxxxx X. Xxxxxx |
Date: | 11/05/08 | |||||
Xxxxx X. Xxxxxx Second Vice President & Actuary |
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MML BAY STATE LIFE INSURANCE COMPANY | ||||||||
By: | /s/ Xxxxx X. Xxxxxx |
Date: | 11/05/08 | |||||
Xxxxx X. Xxxxxx Second Vice President & Actuary |
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MUNICH AMERICAN REASSURANCE COMPANY | ||||||||
By: | /s/ Xxxx X. Xxxxx |
Date: | 11/03/08 | |||||
Print name: | Xxxx X. Xxxxx |
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Title: | AVP & Actuary |
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MUNICH AMERICAN REASSURANCE COMPANY | ||||||||
By: | /s/ Xxxxx X. Xxxxxxx |
Date: | Nov. 3, 2008 | |||||
Print name: | Xxxxx X. Xxxxxxx |
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Title: | VP & Actuary |
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