FUNDS WITHHELD COINSURANCE AGREEMENT between NATIONAL WESTERN LIFE INSURANCE COMPANY and PROSPERITY LIFE ASSURANCE LIMITED effective as of December 31, 2020Funds Withheld Coinsurance Agreement • January 6th, 2021 • National Western Life Group, Inc. • Life insurance • Colorado
This FUNDS WITHHELD COINSURANCE AGREEMENT (this “Agreement”), dated December 31, 2020 (the “Closing Date”), is made by and between National Western Life Insurance Company, an insurance company organized under the Laws of the State of Colorado (the “Ceding Company”), and Prosperity Life Assurance Limited, a Class E long-term reinsurer organized under the Laws of Bermuda (the “Reinsurer”) and is effective as of the Effective Time (as defined below).
