AUTOMATIC INDEMNITY REINSURANCE AGREEMENTAutomatic Indemnity Reinsurance Agreement • April 9th, 2008 • Lincoln New York Account N for Variable Annuities • New York
Commencing on the Effective Date, the Ceding Company will submit and the Reinsurer agrees to accept the Ceding Company's Guaranteed Benefit (GB) risks as defined in Schedule A, associated with the Contracts listed in Schedule B, subject to the provisions of this Agreement. TABLE OF CONTENTS ARTICLE I DEFINITIONS 1 ARTICLE II AUTOMATIC REINSURANCE 2 ARTICLE III PREMIUMS, PAYMENTS, EXPENSES AND REPORTING 3 ARTICLE IV ERRORS 5 ARTICLE V FORMS 5 ARTICLE VI REPRESENTATIONS, WARRANTIES AND COVENANTS 5 ARTICLE VII RECAPTURE PRIVILEGE 6 ARTICLE VIII AUDIT AND INSPECTION 6 ARTICLE IX CONFIDENTIALITY 7 ARTICLE X INSOLVENCY 8 ARTICLE XI PARTIES TO THE AGREEMENT 8 ARTICLE XII DURATION AND TERMINATION OF AGREEMENT 9 ARTICLE XIII RESERVE CREDIT 9 ARTICLE XIV ARBITRATION 13 ARTICLE XV DEFERRED ACQUISITION COST TAX ELECTION 13 ARTICLE XVI ENTIRE AGREEMENT 14 ARTICLE XVII MISCELLANEOUS 14 SCHEDULE A GB REINSURANCE BENEFITS 18 SCHEDULE B CONTRACTS WITH ACCEPTED COVERAGES 19 SCHEDULE C PREMIUM RATE SCHED
