LH00-264A 05/02/01
AMENDMENT NO. 3
The Investment Management Agreement (Document No. L97-0271A/Ohio State and
Investors Guaranty Business) of April 16, 1997, between XXXXXXX LIFE, INC. of
Kansas City, Missouri and EMPLOYERS REASSURANCE CORPORATION of Overland Park,
Kansas, is hereby amended as follows:
I. Effective October 1, 2000:
A. Numbered paragraph 3, as amended by Amendment No. 1, is deleted and the
following numbered paragraph 3 is substituted therefor:
3. Advisory fees. The Client shall pay a quarterly
advisory fee to Xxxxxxx in an amount equal to
.0375% of the assets at the end of each calendar
quarter contained in the account for the Escrow
Agreement (ERC Assets) of May 21, 1997 between
Bankers Trust Company, the Client and The College
Life Insurance Company or its successor.
B. The parenthetical description in the title of this agreement is changed
from "(Ohio State and Investors Guaranty Business)" to "(ERC Assets)."
C. The second sentence is deleted from numbered paragraph 4 (Term of
Agreement), as amended by Amendment No. 1, and the following sentence is
substituted therefor:
If not sooner terminated by mutual consent of the parties
hereto, this agreement shall remain in force until The
College Life Insurance Company (or its successor or
designated affiliate) assumes a 70% quota share of the
Client's interests and liabilities under the following
reinsurance agreements:
Automatic Coinsurance Reinsurance Agreement of April 16,
1997 between Client and The Ohio State Life Insurance
Company
Automatic Coinsurance Reinsurance Agreement of April 16,
1997 between Client and Investors Guaranty Life Insurance
Company
II. As respects rights and obligations outstanding as of January 1, 2001 and
arising thereafter, XXXXXXX LIFE, INC. is deleted and AMERICO ADVISORS, LC
is substituted therefor.
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.
EMPLOYERS REASSURANCE XXXXXXX ADVISORS, LC
CORPORATION
By:_________________________________ By:________________________________
Title:________________________________ Title:______________________________
Date:________________________________ Date:_______________________________
XXXXXXX LIFE, INC.
By:________________________________
Title:_______________________________
Date:_______________________________
