AMENDMENT to the REINSURANCE AGREEMENTS (as listed in the attached Exhibit to this Amendment and hereinafter referred to as the “Agreements”) between FARMERS NEW WORLD LIFE INSURANCE COMPANY Mercer Island, Washington (hereinafter referred to as the...
EXHIBIT (g)(6)
AMENDMENT
to the
(as listed in the attached Exhibit to this Amendment and
hereinafter referred to as the “Agreements”)
between
FARMERS NEW WORLD LIFE INSURANCE COMPANY
Mercer Island, Washington
(hereinafter referred to as the “Ceding Company”)
and
RGA REINSURANCE COMPANY
Chesterfield, Missouri
(hereinafter referred to as the “Reinsurer”)
This Amendment is Effective June 18, 2016
I. | REVISION TO AUTOMATIC REINSURACE RESIDENCY CONDITIONS |
As of the effective date of this Amendment, Paragraph c of Article 2.1 - Automatic Reinsurance, General Conditions is hereby amended and replaced in its entirety with the following in order to update the Automatic coverage residency conditions:
c. | the risk is either (1) a legal permanent resident of the United States or its territories, or (2) is not a legal permanent resident of the US or its territories but has been issued an Individual Tax Identification Number and is either (i) a current customer of the Ceding Company or a current customer of one of the Farmers Insurance Exchanges or their subsidiaries, or (ii) is not a current customer of the Ceding Company but has resided in the United States or its territories for at least the preceding 6 months. |
II. | All provisions of the Agreements not specifically modified herein remain unchanged. |
IN WITNESS WHEREOF, both parties have executed this Amendment in duplicate as follows:
FARMERS NEW WORLD LIFE INSURANCE COMPANY |
RGA REINSURANCE COMPANY |
|||||||||
By: | /s/ Xxxxx Xxxxxxx |
By: | /s/ Xxxxxxxx Xxxxxx |
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(Signature) | (Signature) | |||||||||
Title: | SVP & Chief Actuary | Title: | Vice President | |||||||
Date: | 9/14/16 | Date: | 9/9/2016 | |||||||
Location: | Mercer Island, WA | Location: | Chesterfield, Missouri |
(000) 00000-00-00, 00000-00-00 |
9/9/2016 |
EXHIBIT (g)(6)
EXHIBIT – AGREEMENTS COVERED
Effective June 18, 2016
This Amendment applies to those Agreements listed below and have been assigned the individual agreement amendment numbers as indicated.
Reinsurer’s Agreement Number |
Agreement Effective Date |
Type of Agreement |
Reinsurer’s Amendment | |||
00000-00-00 | January 1, 2007 | Automatic/Facultative YRT | 00000-00-00 | |||
00000-00-00 | September 1, 2008 | Automatic/Facultative YRT | 00000-00-00 |
(000) 00000-00-00, 00000-00-00 | 9/9/2016 |