ContractGroup Life and Health Indemnity Reinsurance Agreement • May 5th, 2020 • Illinois
WHEREAS, the parties hereto are entering into the Amended and Restated Group Life and Health Administrative Services Agreement, dated as of the date hereof, which amends and restates in its entirety the Original Administrative Services Agreement (the “Amended and Restated Administrative Services Agreement”); and WHEREAS, the Insurers and the Reinsurer desire to enter into this Agreement to amend and restate in its entirety the Original Reinsurance Agreement as herein set forth. NOW, THEREFORE, in consideration of the mutual covenants and promises, and upon the terms and conditions, hereinafter set forth, the parties hereto agree as follows: ARTICLE I BUSINESS REINSURED 1. Effective as of 12:01 a.m. on the Closing Date (the “Revised Effective Time”), the Insurers hereby cede to the Reinsurer, and the Reinsurer hereby accepts and indemnity reinsures, on a coinsurance basis, from the Insurers, 100% of the Policy Liabilities (as defined below), but none of the Retained Policy Liabilities (
