Common use of Exceptions Reporting Clause in Contracts

Exceptions Reporting. On a quarterly basis, Company shall prepare a report that contains information related to the following: (i) any decision to make a payment to a Policyholder where the payment is made outside of the terms and conditions of the Reinsured Contracts; and (ii) any extracontractual determinations that may create an economic liability for Reinsurer. By way of example, the reported information may include overpayments of benefits, administrative exceptions and policy reinstatements outside the terms and conditions of the Reinsured Contracts. Information to be sent to Reinsurer with the quarterly legal report. THIS AMENDMENT NO. 1 (this “Amendment”), dated as of April 12, 2005, to the Coinsurance Agreement, dated as of April 15, 2004 (the “Agreement”), by and between GE LIFE AND ANNUITY ASSURANCE COMPANY, an insurance company organized under the laws of the Commonwealth of Virginia (the “Company”), and UNION FIDELITY LIFE INSURANCE COMPANY, an insurance company organized under the laws of the State of Illinois (the “Reinsurer”), is by and between the Company and the Reinsurer.

Exceptions Reporting. On a quarterly basis, Company shall prepare a report that contains information related to the following: (i) any decision to make a payment to a Policyholder where the payment is made outside of the terms and conditions of the Reinsured Contracts; and (ii) any extracontractual determinations that may create an economic liability for Reinsurer. By way of example, the reported information may include overpayments of benefits, administrative exceptions and policy reinstatements outside the terms and conditions of the Reinsured Contracts. Information to be sent to Reinsurer with the quarterly legal report. THIS AMENDMENT NO. 1 (this “Amendment”), dated as of April 12, 2005, to the Coinsurance Agreement, dated as of April 15, 2004 (the “Agreement”), by and between GE FEDERAL HOME LIFE AND ANNUITY ASSURANCE INSURANCE COMPANY, an insurance company organized under the laws of the Commonwealth of Virginia (the “Company”), and UNION FIDELITY LIFE INSURANCE COMPANY, an insurance company organized under the laws of the State of Illinois (the “Reinsurer”), is by and between the Company and the Reinsurer.

Exceptions Reporting. On a quarterly basis, Company shall prepare a report that contains information related to the following: (i) any decision to make a payment to a Policyholder where the payment is made outside of the terms and conditions of the Reinsured Contracts; and (ii) any extracontractual determinations that may create an economic liability for Reinsurer. By way of example, the reported information may include overpayments of benefits, administrative exceptions and policy reinstatements outside the terms and conditions of the Reinsured Contracts. Information to be sent to Reinsurer with the quarterly legal report. THIS AMENDMENT NO. 1 (this “Amendment”), dated as of April 126, 2005, to the Coinsurance Agreement, dated as of April 15, 2004 (the “Agreement”), by and between GE LIFE AND ANNUITY GENERAL ELECTRIC CAPITAL ASSURANCE COMPANY, an insurance company organized under the laws of the Commonwealth State of Virginia Delaware (the “Company”), and UNION FIDELITY LIFE INSURANCE COMPANY, an insurance company organized under the laws of the State of Illinois (the “Reinsurer”), is by and between the Company and the Reinsurer.

Exceptions Reporting. On a quarterly basis, Company shall prepare a report that contains information related to the following: (i) any decision to make a payment to a Policyholder where the payment is made outside of the terms and conditions of the Reinsured Contracts; and (ii) any extracontractual determinations that may create an economic liability for Reinsurer. By way of example, the reported information may include overpayments of benefits, administrative exceptions and policy reinstatements outside the terms and conditions of the Reinsured Contracts. Information to be sent to Reinsurer with the quarterly legal report. THIS AMENDMENT NO. 1 (this “Amendment”), dated as of April 12, 2005, to the Coinsurance Agreement, dated as of April 15, 2004 (the “Agreement”), by and between GE FIRST COLONY LIFE AND ANNUITY ASSURANCE INSURANCE COMPANY, an insurance company organized under the laws of the Commonwealth of Virginia (the “Company”), and UNION FIDELITY LIFE INSURANCE COMPANY, an insurance company organized under the laws of the State of Illinois (the “Reinsurer”), is by and between the Company and the Reinsurer.