Exhibit 7(d)(ii)
REINSURANCE MERGER AMENDMENT
This Amendment, made among CUNA MUTUAL INSURANCE SOCIETY, hereinafter called
CMIS, CUNA MUTUAL LIFE INSURANCE COMPANY, hereinafter called CMLIC, and
Transamerica Occidental Life Insurance Company, hereinafter called Transamerica,
hereby amends and is attached to and forms part of certain Reinsurance
Agreements, as specified in Attachment A to this Amendment, made and entered
into by and between CMLIC and TRANSAMERICA, as follows:
Whereas, CMLIC has merged with CMIS with the intention that CMIS shall
take the place of CMLIC as the Ceding Company under the Reinsurance
Agreements.
Now, therefore, effective as of December 31, 2007,
1. Notwithstanding any provision in the Agreement to the contrary,
TRANSAMERICA hereby accepts CMIS as its contracting party and as the
Ceding Company under the Reinsurance Agreements.
2. CMIS, as the Ceding Company, hereby accepts the terms and conditions
of the Reinsurance Agreement, and it hereby assumes all of CMLIC
obligations and liabilities under the Reinsurance Agreements.
3. Notwithstanding any provision in the Agreement to the contrary,
TRANSAMERICA hereby releases and discharges CMLIC from all liability
under the Reinsurance Agreements. There is no exception to or
limitation to this discharge.
4. In consideration of TRANSAMERICA'S acceptance of CMIS as the Ceding
Company under the Reinsurance Agreements, CMIS agrees that
TRANSAMERICA shall be entitled to enforce the Reinsurance Agreements
(to the extent that the rights, duties, obligations and liabilities
thereunder have been assumed by CMIS) directly against CMIS in respect
of such rights, duties, obligations and liabilities as if CMIS had
executed and delivered the Reinsurance Agreements instead of CMLIC.
AMENDMENT CONTINUES.
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CUNA Mutual merger amendment
Effective 12/31/2007
5. This Amendment shall inure to the benefit of and be binding upon the
parties hereto and their successors and assigns, respectively.
This Amendment does not alter, amend or modify the Reinsurance Agreements other
than as set forth in this Amendment and it is subject otherwise to all terms and
conditions of the Reinsurance Agreements together with all amendments and
supplements thereto.
Executed in triplicate by Executed in triplicate by
CUNA MUTUAL INSURANCE SOCIETY TRANSAMERICA OCCIDENTAL LIFE
INSURANCE COMPANY
at City, State, Madison, WI at Charlotte, NC
on December 18, 2007 on December 14, 2007
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By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ By /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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Title: Vice President, Title: 2nd Vice President
Assoc. General Counsel
By By /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
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Title: Title: [ILLEGIBLE]
Executed in triplicate by
CUNA MUTUAL LIFE INSURANCE COMPANY
at Madison, WI
on December 18, 2007
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By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Title: Vice President,
Assoc. General Counsel
By
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Title:
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CUNA Mutual merger amendment
Effective 12/31/2007
ATTACHMENT A
TO THE REINSURANCE MERGER AMENDMENT
EFFECTIVE DECEMBER 31,2007
AMONG
CUNA MUTUAL LIFE INSURANCE COMPANY
CUNA MUTUAL INSURANCE SOCIETY
TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY
Reinsurance Agreements referred to in the above referenced Reinsurance Merger
Amendment:
TRANSAMERICA CURRENT TRANSAMERICA FORMER
TREATY NO. TREATY NO. EFFECTIVE DATE
-------------------- ------------------- --------------
1058-01 1258-01 01/01/1981
1058-02 1258-02 07/01/1981
1058-03 1258-03 01/01/1983
1058-05 1258-05 01/01/1986
1058-06 1258-06 01/01/0989
1058-07 1258-07 06/01/1992
1058-08 1258-08 05/01/2000
1058-PI 1258-P1 05/10/1995
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CUNA Mutual merger amendment Effective
12/31/2007
