Common use of REINSURANCE COVERAGE Clause in Contracts

REINSURANCE COVERAGE. Reinsurance under this Agreement will apply to those Plans of Insurance and Riders set forth in Schedule A that also fall within a category of policies eligible for reinsurance under this Agreement as described in Schedule F. Such reinsurance shall be on an automatic basis, subject to the requirements set forth below. The specifications for all reinsurance under this Agreement are provided in Schedule B. Automatic Reinsurance Automatic Reinsurance under this Agreement is available only for risks that meet the requirements of this Section. For each risk under the policies that meets the requirements for Automatic Reinsurance as set forth below, the Reinsurer will participate in a reinsurance pool whereby the Reinsurer will automatically reinsure a portion of the risk as indicated in Schedule B ("Automatic Pool"). The requirements for Automatic Reinsurance are as follows: 1. Each life, at the time of application, must satisfy one of the following requirements: a. have been a legal resident of the United States or Canada for at least six months; or b. be a citizen of the United States or Canada. 2. Each risk must be underwritten according to the Ceding Company's Standard Underwriting Practices and Guidelines or one of the special underwriting programs. The Ceding Company's Standard Underwriting Practices and Guidelines as of the Effective Date are described in Schedule E, and the Ceding Company's special underwriting programs as of the Effective Date are described in Schedule C or Schedule D. Changes to such documents will be handled in accordance with Section XXII.L, and may not necessarily result in an amendment to this Agreement; however, changes to Preferred Criteria will require an amendment. If the Ceding Company would like to offer coverage at a risk class more favorable than the True Assessed Risk Class, the Ceding Company may: a. Reinsure the risk automatically under this Agreement with Reinsurance Premium based on the True Assessed Risk Class; or b. Decide not to reinsure the risk under this Agreement.

REINSURANCE COVERAGE. Reinsurance under this Agreement will apply to those Plans of Insurance and Riders set forth in Schedule A that also fall within a category of policies eligible for reinsurance under this Agreement as described in Schedule F. Such reinsurance shall be either on an automatic basis, subject to the requirements set forth in Section A below, on an automatic processing basis, subject to the requirements set forth in Section B below, or on a facultative basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B. B. A. Automatic Reinsurance Automatic Reinsurance under this Agreement is available only for risks Excess Risks that meet the other requirements of this Section. Section A. For each risk Excess Risk under the policies that meets the requirements for Automatic Reinsurance as set forth below, the Reinsurer will participate in a reinsurance pool whereby the Reinsurer will automatically reinsure a portion of the risk as indicated in Schedule B ("Automatic Pool"). The requirements for Automatic Reinsurance are as follows: 1. Each life, at the time of application, must satisfy one of the following requirements: a. have been a legal resident of the United States or Canada for at least six months; or b. be a citizen of the United States or Canada.; or c. qualify for the Foreign National Underwriting Program as specified in Schedule C. 2. Each risk must be underwritten according to the Ceding Company's Standard Underwriting Practices and Guidelines or one of the special underwriting programs. The Ceding Company's Standard Underwriting Practices and Guidelines as of the Effective Date are described in Schedule E, and the Ceding Company's special underwriting programs as of the Effective Date are described in Schedule C or Schedule D. Changes to such documents will be handled in accordance with Section XXII.L, and may not necessarily result in an amendment to this Agreement; however, changes to Preferred Criteria will require an amendment. If the Ceding Company would like to offer coverage at a risk class more favorable than the True Assessed Risk Class, the Ceding Company may:: Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLIC and Canada Life a. Reinsure the risk automatically under this Agreement with Reinsurance Premium based on the True Assessed Risk Class; or b. Seek to reinsure the risk facultatively under this Agreement at rates more favorable than the True Assessed Risk Class; or c. Decide not to reinsure the risk under this Agreement.

REINSURANCE COVERAGE. Reinsurance under this Agreement will apply to those insurance issued by the Ceding Company on the Plans of Insurance and Riders set forth shown in Schedule A that also fall within a category A. Such Plans of policies eligible for reinsurance under this Agreement as described in Schedule F. Such reinsurance Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below, or on a facultative basis, subject to the requirements set forth in Section B below, or on a facultative obligatory basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B. B. A. Requirements for Automatic Reinsurance Automatic Reinsurance under this Agreement is available only for For risks that which meet the requirements of this Section. For each risk under the policies that meets the requirements for Automatic Reinsurance as set forth below, the Reinsurer will participate in a reinsurance pool whereby the Reinsurer will automatically reinsure a portion of the risk insurance risks as indicated in Schedule B ("Automatic Pool"). B. The requirements for Automatic Reinsurance are as follows: 1. Each life, at the time of application, The individual risk must satisfy one of the following requirements: a. have been be a legal resident of the United States or Canada for at least six months; or b. be a citizen the time of application with the exception of the United States or Canada.Foreign National Program as specified in Schedule C. 2. Each The individual risk must be underwritten according to the Ceding Company's Standard Underwriting Practices standard underwriting practices and Guidelines or one guidelines. Any risk falling into the category of the special underwriting programsprograms will be excluded from this Agreement unless previously agreed to by the Reinsurer via a written amendment. The Ceding Company's Standard Underwriting Practices and Guidelines as of the Effective Date are described in Schedule E, and Any proposed changes to the Ceding Company's standard underwriting practices or guidelines shall be submitted to the Reinsurer for written approval prior to implementation that impact business reinsured under this Agreement (i.e. underwriting manuals, age and amount underwriting cards, and special underwriting programs as of the Effective Date are described in Schedule C or Schedule D. Changes to such documents will be handled in accordance with Section XXII.L, and may not necessarily result in an amendment to this Agreement; however, changes to Preferred Criteria will require an amendmentprograms). 3. If Any risk offered on a facultative basis other than for size by the Ceding Company would like to offer coverage at a risk class more favorable than the True Assessed Risk Class, the Ceding Company may: a. Reinsure the risk automatically Reinsurer or any other company will not qualify for Automatic Reinsurance under this Agreement with Reinsurance Premium based on for the True Assessed Risk Class; orsame risk and same life. b. Decide not to reinsure the risk under this Agreement.4. The maximum issue age will be 90. Single Life Excess Pool Between HLAIC and Transamerica Effective 11/01/2002 Fac / 12/01/2002 Auto

REINSURANCE COVERAGE. Reinsurance under this Agreement will apply to those Plans of Insurance and Riders set forth in Schedule A that also fall within a category of policies eligible for reinsurance under this Agreement as described in Schedule F. Such reinsurance shall be either on an automatic basis, subject to the requirements set forth in Section A below, on an automatic processing basis, subject to the requirements set forth in Section B below, or on a facultative basis, subject to the requirements set forth in Section C below. Notwithstanding the foregoing, reinsurance coverage on a facultative basis may also apply on plans of insurance not listed in Schedule A, with the agreement of the Reinsurer. The specifications for all reinsurance under this Agreement are provided in Schedule B. B. A. Automatic Reinsurance Automatic Reinsurance under this Agreement is available only for risks that meet the requirements of this Section. For each risk under the policies that meets the requirements for Automatic Reinsurance as set forth below, the Reinsurer will participate in a reinsurance pool whereby the Reinsurer will automatically reinsure a portion of the risk as indicated in Schedule B ("Automatic Pool"). The requirements for Automatic Reinsurance are as follows: 1. Each life, at the time of application, must satisfy one of the following requirementsmust: a. have been a legal resident of the United States or Canada for at least six months; or; b. be a citizen of the United States or Canada.; or c. qualify for the Foreign National Underwriting Program as specified in Schedule C. 2. Each risk must be underwritten according to the Ceding Company's Standard Underwriting Practices and Guidelines or one of the special underwriting programs. The Ceding Company's Standard Underwriting Practices and Guidelines as of the Effective Date are described in Schedule E, and the Ceding Company's special underwriting programs as of the Effective Date are described in Schedule C or and Schedule D. Changes to such documents will be handled in accordance with Section XXII.L, and may not necessarily result in an amendment to this Agreement; however, changes to Preferred Criteria will require an amendment. XXII.M. If the Ceding Company would like to offer coverage at a risk class more favorable than the True Assessed Risk Class, the Ceding Company may: a. Reinsure the risk automatically under this Agreement with Reinsurance Premium Premiums based on the True Assessed Risk Class; or b. Seek to reinsure the risk facultatively under this Agreement at rates more favorable than the True Assessed Risk Class; or Allocated Retention. Pool -- Effective 10/1/2008 Between HLIC and TFLIC c. Decide not to reinsure the risk under this Agreement.