Inception Date Uses in Commutation of Ceded Reinsurance Clause

Commutation of Ceded Reinsurance from Reinsurance Agreement

This Agreement, dated as of 21 April, 2004 (this Agreement) is made and entered into by and between Financial Assurance Company Limited, an insurance company organised under the laws of England (the Company), and Viking Insurance Company, Limited, an insurance company organised under the laws of Bermuda (the Reinsurer). Defined terms used herein are defined below.

Commutation of Ceded Reinsurance. The Company shall not, without the Reinsurers prior written approval, in its sole discretion, take any action to amend or terminate any Ceded Reinsurance under any Ceded Reinsurance Agreement or enter into any Commutation of Ceded Reinsurance.

Commutation of Ceded Reinsurance from Reinsurance Agreement

This Agreement, dated as of 21 April, 2004 (this Agreement) is made and entered into by and between Financial Insurance Company Limited, an insurance company organised under the laws of England (the Company), and Viking Insurance Company, Limited, an insurance company organised under the laws of Bermuda (the Reinsurer). Defined terms used herein are defined below.

Commutation of Ceded Reinsurance. The Company shall not, without the Reinsurers prior written approval, in its sole discretion, take any action to amend or terminate any Ceded Reinsurance under any Ceded Reinsurance Agreement or enter into any Commutation of Ceded Reinsurance.

Commutation of Ceded Reinsurance from Reinsurance Agreement

This Agreement, dated as of , 2004 (this Agreement) is made and entered into by and between Financial Insurance Company Limited, an insurance company organised under the laws of England (the Company), and Viking Insurance Company, Limited, an insurance company organised under the laws of Bermuda (the Reinsurer). Defined terms used herein are defined below.

Commutation of Ceded Reinsurance. The Company shall not, without the Reinsurers prior written approval, in its sole discretion, take any action to amend or terminate any Ceded Reinsurance under any Ceded Reinsurance Agreement or enter into any Commutation of Ceded Reinsurance.

Commutation of Ceded Reinsurance from Reinsurance Agreement

This Agreement, dated as of , 2004 (this Agreement) is made and entered into by and between Financial Assurance Company Limited, an insurance company organised under the laws of England (the Company), and Viking Insurance Company, Limited, an insurance company organised under the laws of Bermuda (the Reinsurer). Defined terms used herein are defined below.

Commutation of Ceded Reinsurance. The Company shall not, without the Reinsurers prior written approval, in its sole discretion, take any action to amend or terminate any Ceded Reinsurance under any Ceded Reinsurance Agreement or enter into any Commutation of Ceded Reinsurance.

Commutation of Ceded Reinsurance from Reinsurance Agreement

This Agreement, dated as of , 2004 (this Agreement) is made and entered into by and between Financial Assurance Company Limited, an insurance company organised under the laws of England (the Company), and Viking Insurance Company, Limited, an insurance company organised under the laws of Bermuda (the Reinsurer). Defined terms used herein are defined below.

Commutation of Ceded Reinsurance. The Company shall not, without the Reinsurers prior written approval, in its sole discretion, take any action to amend or terminate any Ceded Reinsurance under any Ceded Reinsurance Agreement or enter into any Commutation of Ceded Reinsurance.

Commutation of Ceded Reinsurance from Reinsurance Agreement

This Agreement, dated as of , 2004 (this Agreement) is made and entered into by and between Financial Insurance Company Limited, an insurance company organised under the laws of England (the Company), and Viking Insurance Company, Limited, an insurance company organised under the laws of Bermuda (the Reinsurer). Defined terms used herein are defined below.

Commutation of Ceded Reinsurance. The Company shall not, without the Reinsurers prior written approval, in its sole discretion, take any action to amend or terminate any Ceded Reinsurance under any Ceded Reinsurance Agreement or enter into any Commutation of Ceded Reinsurance.