Amendment No. 1
to the
Automatic Self Administered YRT Reinsurance Agreement
Effective June 1, 2003
(hereinafter referred to as "Agreement")
between
American National Insurance Company
(hereinafter referred to as "Ceding Company")
NAIC Code 60739, FEIN 00-0000000
and
Swiss Re Life & Health America Inc.
(hereinafter referred to as "Ceding Company")
Stamford, CT
NAIC Code 82627, FEIN 00-0000000
Treaty ID: U24
It is hereby declared and agreed that effective December 31, 2004, Exhibit E Reinsurance Premiums shall be replaced by the attached
Exhibit E Reinsurance Premiums in order to update the Agreement.
All other terms and conditions of this Agreement shall remain unaltered.
EXECUTION
Made in duplicate and executed by all parties. This amendment will not be effective until all parties have signed.
For American National Insurance Company
By: Xxxxx Xxxxx Attest:Xxx X Xxxxx
Title:VP and Actuary
Date:December 31, 2004
For Swiss Re Life and Health America Inc.
By:M.E. Xxxxxxxx Attest: Xxxxxx Xxxxxxxx
Title:
Date: December 20, 2004
EXHIBIT E
Reinsurance Premiums
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E.1 LIFE
Plans covered under this Agreement will be reinsured on a YRT basis, Reinsurance premiums will be based on the 75-80 Select
& Ultimate (Male & Female) ALB rate scale shown in this Exhibit E, minus the following discounts:
Plan(s)/Rider(s) Classification Discount% Discount%
Issues to 12/31/04 Issues 1/1/05 & later
Life Coverage Preferred Tobacco - Non User 72% All Years 67.8% All Years
Standard Tobacco - Non User 52% All Years 44.8% All Years
Standard Tobacco - User 2% All Years -12.7% All Years
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E.2 AGE BASIS
Age last birthday
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E.3 P0LICY FEES
The Reinsurer will not participate in any policy fees.
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E.4 RECAPTURE PERIOD
Number of years: 10
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E.5 STANDARD RATINGS
Premiums will be based on the standard rate increased by an extra 25% per table of assessed rating.
Discounts are the same as those for standard life coverage.
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E.6 EXTRAS
The total premium remitted to the Reinsurer will include the flat extra premium minus the discounts shown below:
Type of Flat Extra Premium First Year Renewal
Temporary (1-5 years) 10% 10%
Permanent (6 years & greater) 75% 10%
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E.7 RIDERS AND BENEFITS
Waiver of Premium:
Reinsurance premiums will be 0% of the Ceding Company's premiums, as shown in this Exhibit, in the first policy year and 90%
in renewal years.
Accidental Death Benefit:
Reinsurance premiums will be $0.25 per thousand in the first policy year and $0.90 per thousand in renewal years.
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PREMIUM RATES FOR PLANS, BENEFITS AND RIDERS
