Common use of Allocated Retention Clause in Contracts

Allocated Retention. Pool -- Effective 10/1/2008 Between HLIC and TFLIC 102 EXHIBIT VII REINSURANCE REPORTS EFFECTIVE OCTOBER 1, 2008 Sex -- 2 This field is used to identify the sex of the insured. For Joint Life policies, this field contains the sex of Insured 2. (If this is not a Joint Life policy, this field will be blank.) Age -- 2 This field contains the insured's issue age. For Joint Life policies, this field contains the issue age for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Pricing Sex -- 2 This field contains the sex used to compute premiums and allowances. For Joint Life policies, this field contains the pricing sex of Insured 2. (If this is not a Joint Life policy, this field will be blank.) Class -- 2 This field contains the company's rating of standard or preferred and the smoker class. For Joint Life policies, this field contains the class for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Mortality -- 2 This field contains the insured's mortality rating. For Joint Life policies, this field contains the mortality rating for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Mortality Duration -- 2 This field contains the duration of the insured's mortality rating. For Joint Life policies, this field contains the duration of the mortality rating for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Temp Flat -- 2 This field contains the temporary flat extra per 1000. For Joint Life policies, this field contains the temporary flat extra per 1000 for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Temp Duration -- 2 This field contains the number of years that the temporary flat extra rating is being charged. For Joint Life policies, this field contains the number of years that the flat extra rating is being charged for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Perm Flat -- 2 This field contains the permanent flat extra per 1000. For Joint Life policies, this field contains the permanent flat extra per 1000 for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Perm Duration - 2 This field contains the number of years that the permanent flat extra rating is being charged. For Joint Life policies, this field contains the number of years that the flat extra rating is being charged for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Policy Face Amount Indicates the face amount of the total policy. Retained Amount This field contains the amount retained on this policy coverage, not on the life. Ceded Amount This field contains the policy amount ceded to a specific reinsurer. Net Amount at Risk This field contains the reinsured net amount at risk (NAR) for a specific reinsurer. Benefit Mortality ADB or Waiver mortality. Allocated Retention. Pool -- Effective 10/1/2008 Between HLIC and TFLIC 103 EXHIBIT VII REINSURANCE REPORTS EFFECTIVE OCTOBER 1, 2008 Premium This field contains the reinsurance premium. Allowance This field contains the reinsurance allowance. Flat extra type This field indicates whether there is a temporary flat extra (T) or a permanent flat extra (P) being charged. Premium Tax If premium tax is reimbursed, this field contains the tax amount. Cash Value If applicable, this field is used to recover coinsured cash values from the Reinsurer. Benefit If applicable, this field is used to recover benefits from the Reinsurer. Dividend If applicable, this field contains the reinsurer's share of the direct dividend. Policy Fee This field contains the reinsurance policy fee. Continuation Original This field indicates the ceding company on the Company original policy. (Used for conversions only.) Continuation Original This field indicates the policy number for the Policy original policy. (Used for conversions only.) Continuation Original This field indicates the coverage/rider for the Coverage/Rider original policy. (Used for conversions only.) Message An informational message may be manually added to a policy by the Ceding Company. Image switch Hartford does not currently use. Defaults to spaces. Policy Fee Allowance This field contains the reinsurance policy fee allowance. Location Code Hartford does not currently use. Defaults to spaces. Treaty Reference Number Upon request, this field contains the Reinsurer's treaty number. Claim Hartford does not currently use. Defaults to spaces. Policy Status This field identifies the status of the cession. Policy Master Smoker -- 1 Policy smoker class on direct policy. For Joint Life policies, this field contains the policy master smoker class for Insured 1. Policy Master Smoker -- 2 Policy smoker class on direct policy. For Joint Life policies, this field contains the policy master smoker class for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Policy Effective Date This field contains the effective date of the reinsurance. Policy Application Date This field indicates the date the insured signed the application. NAR Type This field indicates the method used in determining the Total Net Amount at Risk (as defined in Schedule B). Allocated Retention. Pool -- Effective 10/1/2008 Between HLIC and TFLIC 104 EXHIBIT VII REINSURANCE REPORTS EFFECTIVE OCTOBER 1, 2008 POLICY EXHIBIT FILE* Company Identifies the Ceding Company. Policy Policy number which is part of the policy key. Coverage/rider Coverage number which is part of the policy key. This number is used to identify a specific policy coverage. Cession ID This field contains the number assigned to this cession by the Reinsurer. Line of Business This field indicates the line of business the policy falls under. Report Date This is the month the transaction was reported. Reinsurance Company Two character reinsurance company ID code that identifies the Reinsurer. Reporting Company Identifies the company used for reporting purposes. Will be the same as the Reinsurance Company. Treaty Number This field contains the TAI system treaty number. Transaction Type Identifies the type of transaction being reported on the Transaction extract. Policy Count Each New Business, Continuation & Reinstatement will be assigned a count of 1, Terminations will be assigned -- 1 and Renewals/NAR changes will be assigned 0. Base Ceded Amount This field contains the policy base amount ceded. ADB ceded Amount This field contains the policy ADB amount ceded. Waiver Ceded Amount This field contains the policy waiver amount ceded. Net Amount at Risk The reinsured net amount at risk (NAR). Plan This field contains the coverage plan code. Auto/Fac Indicator Indicates whether the policy is ceded on an Automatic or Facultative basis. Reinsurance Type This field is a one-character code that identifies the type of reinsurance. (Y = YRT, C = Coinsurance & M = Modco.) Currency Code This field identifies the currency. (USD or CND if applicable) ------------ * The Policy Exhibit will include a summary of reinsurance movement for a given period categorized by transactions type. This summary provides the Cession Count, Ceded Amount and Net Amount at Risk at the beginning of the reporting period, a summary of the transactions occurring during the report period as well as what is in force as of the ending of the report period.

Allocated Retention. Pool -- Effective 10/1/2008 Between HLIC ILA and TFLIC TLIC 102 EXHIBIT VII REINSURANCE REPORTS EFFECTIVE OCTOBER 1, 2008 Sex -- 2 This field is used to identify the sex of the insured. For Joint Life policies, this field contains the sex of Insured 2. (If this is not a Joint Life policy, this field will be blank.) Age -- 2 This field contains the insured's issue age. For Joint Life policies, this field contains the issue age for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Pricing Sex -- 2 This field contains the sex used to compute premiums and allowances. For Joint Life policies, this field contains the pricing sex of Insured 2. (If this is not a Joint Life policy, this field will be blank.) Class -- 2 This field contains the company's rating of standard or preferred and the smoker class. For Joint Life policies, this field contains the class for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Mortality -- 2 This field contains the insured's mortality rating. For Joint Life policies, this field contains the mortality rating for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Mortality Duration -- 2 This field contains the duration of the insured's mortality rating. For Joint Life policies, this field contains the duration of the mortality rating for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Temp Flat -- 2 This field contains the temporary flat extra per 1000. For Joint Life policies, this field contains the temporary flat extra per 1000 for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Temp Duration -- 2 This field contains the number of years that the temporary flat extra rating is being charged. For Joint Life policies, this field contains the number of years that the flat extra rating is being charged for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Perm Flat -- 2 This field contains the permanent flat extra per 1000. For Joint Life policies, this field contains the permanent flat extra per 1000 for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Perm Duration - -- 2 This field contains the number of years that the permanent flat extra rating is being charged. For Joint Life policies, this field contains the number of years that the flat extra rating is being charged for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Policy Face Amount Indicates the face amount of the total policy. Retained Amount This field contains the amount retained on this policy coverage, not on the life. Ceded Amount This field contains the policy amount ceded to a specific reinsurer. Net Amount at Risk This field contains the reinsured net amount at risk (NAR) for a specific reinsurer. Benefit Mortality ADB or Waiver mortality. Allocated Retention. Pool -- Effective 10/1/2008 Between HLIC ILA and TFLIC TLIC 103 EXHIBIT VII REINSURANCE REPORTS EFFECTIVE OCTOBER 1, 2008 Premium This field contains the reinsurance premium. Allowance This field contains the reinsurance allowance. Flat extra type This field indicates whether there is a temporary flat extra (T) or a permanent flat extra (P) being charged. Premium Tax If premium tax is reimbursed, this field contains the tax amount. Cash Value If applicable, this field is used to recover coinsured cash values from the Reinsurer. Benefit If applicable, this field is used to recover benefits from the Reinsurer. Dividend If applicable, this field contains the reinsurer's share of the direct dividend. Policy Fee This field contains the reinsurance policy fee. Continuation Original This field indicates the ceding company on the Company original policy. (Used for conversions only.) Continuation Original This field indicates the policy number for the Policy original policy. (Used for conversions only.) Continuation Original This field indicates the coverage/rider for the Coverage/Rider original policy. (Used for conversions only.) Message An informational message may be manually added to a policy by the Ceding Company. Image switch Hartford does not currently use. Defaults to spaces. Policy Fee Allowance This field contains the reinsurance policy fee allowance. Location Code Hartford does not currently use. Defaults to spaces. Treaty Reference Number Upon request, this field contains the Reinsurer's treaty number. Claim Hartford does not currently use. Defaults to spaces. Policy Status This field identifies the status of the cession. Policy Master Smoker -- 1 Policy smoker class on direct policy. For Joint Life policies, this field contains the policy master smoker class for Insured 1. Policy Master Smoker -- 2 Policy smoker class on direct policy. For Joint Life policies, this field contains the policy master smoker class for Insured 2. (If this is not a Joint Life policy, this field will be blank.) Policy Effective Date This field contains the effective date of the reinsurance. Policy Application Date This field indicates the date the insured signed the application. NAR Type This field indicates the method used in determining the Total Net Amount at Risk (as defined in Schedule B). Allocated Retention. Pool -- Effective 10/1/2008 Between HLIC ILA and TFLIC TLIC 104 EXHIBIT VII REINSURANCE REPORTS EFFECTIVE OCTOBER 1, 2008 POLICY EXHIBIT FILE* Company Identifies the Ceding Company. Policy Policy number which is part of the policy key. Coverage/rider Coverage number which is part of the policy key. This number is used to identify a specific policy coverage. Cession ID This field contains the number assigned to this cession by the Reinsurer. Line of Business This field indicates the line of business the policy falls under. Report Date This is the month the transaction was reported. Reinsurance Company Two character reinsurance company ID code that identifies the Reinsurer. Reporting Company Identifies the company used for reporting purposes. Will be the same as the Reinsurance Company. Treaty Number This field contains the TAI system treaty number. Transaction Type Identifies the type of transaction being reported on the Transaction extract. Policy Count Each New Business, Continuation & Reinstatement will be assigned a count of 1, Terminations will be assigned -- 1 -1 and Renewals/NAR changes will be assigned 0. Base Ceded Amount This field contains the policy base amount ceded. ADB ceded Amount This field contains the policy ADB amount ceded. Waiver Ceded Amount This field contains the policy waiver amount ceded. Net Amount at Risk The reinsured net amount at risk (NAR). Plan This field contains the coverage plan code. Auto/Fac Indicator Indicates whether the policy is ceded on an Automatic or Facultative basis. Reinsurance Type This field is a one-character code that identifies the type of reinsurance. (Y = Y=YRT, C = C=Coinsurance & M = M=Modco.) Currency Code This field identifies the currency. (USD or CND if applicable) ------------ * The Policy Exhibit will include a summary of reinsurance movement for a given period categorized by transactions type. This summary provides the Cession Count, Ceded Amount and Net Amount at Risk at the beginning of the reporting period, a summary of the transactions occurring during the report period as well as what is in force as of the ending of the report period.