1
ADDENDUM NO. 12
to
REINSURANCE AGREEMENT INVE0001
between
INVESTORS INSURANCE CORPORATION OF DELAWARE
with Administrative Offices in Jacksonville, Florida
and
REPUBLIC-VANGUARD LIFE INSURANCE COMPANY
of Dallas, Texas
Effective August 1, 1997, Schedule II of the Agreement shall be replaced by
the attached Schedule II, which is amended to cover the reinsurance of the
net retained Arizona business and the change of Republic-Vanguard Life's
coinsurance quota share for new business issued in Arizona.
IN WITNESS WHEREOF, the parties have executed this Addendum in duplicate on
the dates and places set forth below:
INVESTORS INSURANCE CORPORATION REPUBLIC-VANGUARD LIFE INSURANCE
August 1, 1997 August 1, 1997
__________________________ _________________________
Date Date
Xxxxx X. Xxxxxx Xxxx Xxxxx
__________________________ _________________________
By By
EVP SVP
__________________________ _________________________
Title Title
Xxxxx Xxxxxxx Xxxxxx Xxxxxx
__________________________ _________________________
Witness Witness
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SCHEDULE II
A. COINSURANCE PERCENTAGES
Quota Share
Calendar Period of Issue Jurisdiction Reinsured
------------------------ ------------------- -----------
January 1, 1991-
September 30, 1994 Missouri 80%
October 1, 1991-
September 30, 1994 All Licensed States 80%
October 1, 1994-
April 30, 1995 All Licensed States 90%
May 1, 1995-
December 31, 1996 All Licensed States 100%
January 1, 1997-
July 31, 1997 All Licensed States,
except California 60%
August 1, 1997 and later All Licensed States,
except California, 60%
Arizona 100%, plus 100% of
Investor's Net
Retained Business
issued October 1,
1991-July 31, 1997
B. ASSUMPTION OF DIRECT POLICIES - Effective March 27, 1995
Assumption by
Calendar Period of Issue Jurisdiction Republic-Vanguard Life
------------------------ -------------- --------------------------
1990 - 1994: 13 Policies Kansas 100%
