AMENDMENT XXVII Effective [June 1, 2006]
Exhibit 10.(c)
AMENDMENT XXVII
Effective [June 1, 2006]
Amendment XXVII to the Automatic Reinsurance Agreement, effective April 1, 1984, between ReliaStar Life Insurance Company (Reinsurer) and ReliaStar Life Insurance Company of New York (Company).
It is hereby agreed that effective on and after [June 1, 2006] the Reinsurance Agreement shall be amended as follows:
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Exhibit II, Part 2 of the Agreement is amended to include new rates for permanent products issued on or after [June 1, 2006]. |
Except as herein specified, all the terms and conditions of the Reinsurance Agreement shall apply, and this Amendment is to be added to and made part of the aforesaid Agreement.
In witness of the above, ReliaStar Life Insurance Company and ReliaStar Life Insurance Company of New York have by their respective officers executed and delivered this Amendment XXVII in duplicate on the dates indicated below, with an Effective Date of [June 1, 2006]
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RELIASTAR LIFE INSURANCE COMPANY |
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RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK | ||
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By: |
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By: |
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Title: |
Vice President & Actuary |
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Title: |
Vice President & Actuary |
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Date: |
7-10-06 |
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Date: |
7-10-06 |
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Attest: |
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Attest: |
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Title: |
Vice President & Actuary |
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Title: |
Vice President & Actuary |
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Date: |
July 10, 2006 |
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Date: |
7-10-06 |
EXHIBIT II – PART 2
Reinsurance Rates
Effective on and after [June 1, 2006] the reinsurance premiums for permanent products are the following percentages of the 2001 Valuation Basic Table, Age Nearest Birthday basis, attached to this Amendment. First year premiums are zero.
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Class |
Ages 0-70 |
Ages 71+ |
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Super Preferred Non-tobacco |
45% |
50% |
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Preferred Non-Tobacco |
55% |
59% |
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Standard Non-Tobacco |
71% |
74% |
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Preferred Tobacco |
69% |
73% |
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Standard Tobacco |
89% |
92% |