Exhibit 10.13

EXECUTION VERSION

(Non-Financed NLG)

 

 

FUNDS WITHHELD COINSURANCE AGREEMENT

between

AVIVA LIFE AND ANNUITY COMPANY OF NEW YORK

and

FIRST ALLMERICA FINANCIAL LIFE INSURANCE COMPANY

Dated as of October 1, 2013

 

 

 


TABLE OF CONTENTS

 

ARTICLE

        Page  
ARTICLE I DEFINITIONS AND CONSTRUCTION      1   

Section 1.1

  

Definitions

     1   

Section 1.2

  

Construction

     10   
ARTICLE II COINSURANCE      11   

Section 2.1

  

Scope and Basis of Reinsurance

     11   

Section 2.2

  

Reinsuring Clause

     11   

Section 2.3

  

Allocation of Assets and Ceding Commission

     11   

Section 2.4

  

Net Retained Liabilities

     13   

Section 2.5

  

Guaranty Fund Assessments and Premium Taxes

     15   

Section 2.6

  

Other Reinsurance

     16   

Section 2.7

  

Policy Changes and Non-Guaranteed Elements

     16   

Section 2.8

  

Premiums

     17   

Section 2.9

  

Assignment; Security Interest

     17   

Section 2.10

  

Hedging

     18   

Section 2.11

  

Existing Interest Maintenance Reserve

     19   

Section 2.12

  

Retention

     20   

Section 2.13

  

Cash Flow Testing Reserves

     20   
ARTICLE III REINSURANCE LIABILITY      20   

Section 3.1

  

Reinsurance Liability

     20   

Section 3.2

  

Other Reinsurance

     20   

Section 3.3

  

Disclaimer

     21   
ARTICLE IV CERTAIN FINANCIAL PROVISIONS      21   

Section 4.1

  

Credit for Reinsurance

     21   

Section 4.2

  

RBC Reports

     22   

Section 4.3

  

Establishment of the Funds Withheld Account

     22   
ARTICLE V PLAN OF REINSURANCE      24   

Section 5.1

  

Plan

     24   

Section 5.2

  

Follow the Fortunes

     24   

Section 5.3

  

Reductions and Terminations

     24   

Section 5.4

  

Reinstatements

     24   

Section 5.5

  

Contractual Conversions; Internal Replacement

     24   

Section 5.6

  

Policy List Errors

     25   

Section 5.7

  

Renewal Commissions

     25   
ARTICLE VI ADMINISTRATION      26   

Section 6.1

  

Administrative Services

     26   

Section 6.2

  

Net Settlements

     26   

 

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ARTICLE VII DAC TAX      27   

Section 7.1

  

DAC Tax Election

     27   
ARTICLE VIII INSOLVENCY      28   

Section 8.1

  

Insolvency

     28   

Section 8.2

  

Expenses

     28   
ARTICLE IX TERMINATION      29   

Section 9.1

  

Duration of Coinsurance

     29   

Section 9.2

  

Termination

     29   

Section 9.3

  

Termination by the Company

     29   

Section 9.4

  

Termination by the Reinsurer

     29   

Section 9.5

  

Settlement Upon Termination

     30   
ARTICLE X RESOLUTION OF CERTAIN DISPUTES      30   

Section 10.1

  

Disputes over Actual Initial Coinsurance Premium Calculations and SPA Adjusted Coinsurance Premium

     30   

Section 10.2

  

Disputes over Calculations

     33   
ARTICLE XI INDEMNIFICATION      33   

Section 11.1

  

Indemnification of the Reinsurer by the Company

     33   

Section 11.2

  

Indemnification of the Company by the Reinsurer

     34   
ARTICLE XII CONFIDENTIALITY      34   

Section 12.1

  

Confidentiality

     34   
ARTICLE XIII REPRESENTATIONS AND WARRANTIES      35   

Section 13.1

  

Representations and Warranties of Reinsurer

     35   

Section 13.2

  

Representations and Warranties of the Company

     36   
ARTICLE XIV GENERAL PROVISIONS      37   

Section 14.1

  

Errors and Omissions

     37   

Section 14.2

  

Offset and Recoupment

     37   

Section 14.3

  

Expenses

     38   

Section 14.4

  

Parties to this Agreement

     38   

Section 14.5

  

Authority

     38   

Section 14.6

  

No Assignment

     38   

Section 14.7

  

Notices

     38   

Section 14.8

  

Severability

     40   

Section 14.9

  

Announcements

     40   

Section 14.10

  

Schedules, Annexes and Exhibits

     40   

Section 14.11

  

Entire Agreement

     40   

Section 14.12

  

Binding Effect

     40   

Section 14.13

  

Waiver and Amendment

     40   

 

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Section 14.14

  

Headings

     40   

Section 14.15

  

Counterparts

     41   

Section 14.16

  

No Prejudice

     41   

Section 14.17

  

Governing Law; Jurisdiction; Enforcement

     41   

Section 14.18

  

Further Assurances

     42   

INDEX OF SCHEDULES

 

Schedule 1.1(i)    Assumed Reinsurance Agreements
Schedule 1.1(ii)    Other Reinsurance
Schedule 2.11    Existing Interest Maintenance Reserve

INDEX OF ANNEXES

 

Annex A    List of Initial Reinsurance Assets
Annex B    Net Settlements
Annex C    List of EI Hedges
Annex D    Life Reference Balance Sheet
Annex E    Additional Life Reference Balance Sheet Assets
Annex F    Policy List

 

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FUNDS WITHHELD COINSURANCE AGREEMENT

This Funds Withheld Coinsurance Agreement (this “Agreement”), dated as of October 1, 2013, is made by and between Aviva Life and Annuity Company of New York, an insurance company organized under the laws of the State of New York (the “Company”), and First Allmerica Financial Life Insurance Company, an insurance company organized under the laws of the Commonwealth of Massachusetts (the “Reinsurer”; each of the Company and the Reinsurer, a “Party” and together, the “Parties”).

RECITALS

WHEREAS, the Company desires to cede or retrocede to the Reinsurer, on the terms and conditions stated herein, all of its liabilities under certain life insurance policies issued and reinsured by it;

WHEREAS, the Reinsurer desires to reinsure such policies from the Company on the terms and conditions stated herein;

WHEREAS, the Company and the Reinsurer intend that the reinsurance by the Reinsurer shall be on a 100% coinsurance funds withheld basis; and

WHEREAS, subject to a transition services agreement entered into on the date hereof between Aviva USA Corporation and the Reinsurer (the “Transition Services Agreement”), the Company and the Reinsurer intend that the Reinsurer will provide certain administrative services for policies reinsured hereunder, and the Company and the Reinsurer have entered into an Administrative Services Agreement, dated as of the date hereof (the “Administrative Services Agreement”), pursuant to which the Reinsurer shall provide such administrative services on the terms and conditions stated therein.

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, and for other good and valuable consideration the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound hereby, the Company and the Reinsurer hereby agree as follows:

ARTICLE I

DEFINITIONS AND CONSTRUCTION

Section 1.1 Definitions. Unless the context requires otherwise, for all purposes of this Agreement, the capitalized terms set forth below shall have the following meanings:

“Action” has the meaning ascribed thereto in the Purchase Agreement.

“Actual Initial Coinsurance Premium” has the meaning ascribed thereto in Section 2.3(a)(iv).

“Additional Life Reference Balance Sheet Assets” means the additional assets referenced in the Life Reference Balance Sheet as set forth on Annex E hereto.


“Additional Reserve Requirement” has the meaning ascribed thereto in Section 2.13(a).

“Administrative Services Agreement” has the meaning ascribed thereto in the Recitals.

“Administrator” means the Reinsurer in its capacity as administrator under the Administrative Services Agreement.

“Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with, such other Person at the time at which the determination of affiliation is made. The term “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as applied to any Person, means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities or other ownership interests, by contract or otherwise.

“Agreement” has the meaning ascribed thereto in the Recitals.

“Applicable Law” means any law, statute, regulation, rule, ordinance, order, injunction, judgment, decree, principle of common law, constitution or treaty enacted, promulgated, issued, enforced or entered by any Governmental Entity applicable to a party hereto, or any of its respective businesses, properties or assets, as may be amended from time to time.

“Applicable Rate” means, with respect to any date of determination, an interest rate equal to one-month LIBOR for dollars that appears on page LIBOR 01 (or a successor page) of the Reuters Telerate Screen as of 11:00 a.m., London time, on such date.

“Assigned EI Hedge Costs Amount” shall mean, with respect to each EI Hedge, an amount equal to the gross actual direct acquisition costs paid by the Company for such EI Hedge. For the avoidance of doubt, the Assigned EI Hedge Costs Amount shall be determined without regard to any netting of amounts between the Company and the relevant Hedge Counterparty.

“Assigned EI Hedge Proceeds Amount” shall mean, with respect to each EI Hedge and for each applicable Monthly Accounting Period, an amount equal to any amounts actually received (or deemed received) by the Company from the relevant Hedge Counterparty during such Monthly Accounting Period in accordance with the provisions of such EI Hedge, including upon an early exercise of an EI Hedge by the Company. For the avoidance of doubt, the Assigned EI Hedge Proceeds Amount shall be determined without regard to any netting of amounts between the Company and the relevant Hedge Counterparty.

“Assumed Reinsurance Agreement” means any reinsurance agreement in effect as of the Effective Time under which the Company assumes liabilities or obligations with respect to any Policy, including the assumed reinsurance agreements listed on Schedule 1.1(i) hereto.

“Business Day” means any day other than a Saturday, a Sunday or any other day on which banking institutions in Boston, Massachusetts, New York, New York or Des Moines, Iowa are required or authorized by Applicable Law to be closed.

“Code” means the Internal Revenue Code of 1986, as amended.

 

2


“Collateral” has the meaning ascribed thereto in Section 2.9(b).

“Company” has the meaning ascribed thereto in the Recitals.

“Company Indemnified Parties” has the meaning ascribed thereto in Section 11.2.

“Company Termination Payment” has the meaning ascribed thereto in Section 9.5.

“Confidential Information” means (a) with respect to the Company, any information with respect to the Company (other than information relating to the Policies) that is not generally available to the public, and includes, without limitation, policyholder lists, any medical, financial and other personal information about proposed, current, and former policyowners, insureds, applicants and beneficiaries of the Company (other than proposed, current, and former policyowners, insureds, applicants and beneficiaries of the Policies) and information or knowledge about the Company’s processes, services, finances and pricing and reserving methodology and (b) with respect to the Reinsurer, any information with respect to the Policies or the Reinsurer that is not generally available to the public, and includes, without limitation, policyholder lists, any medical, financial and other personal information about proposed, current, and former policyowners, insureds, applicants, and beneficiaries of Policies and information or knowledge about the Reinsurer’s processes, services, finances and pricing and reserving methodology.

“Consultation Period” has the meaning ascribed thereto in Section 10.1(b).

“CPA Firm” has the meaning ascribed thereto in Section 10.1(b).

“Effective Date” means October 1, 2013.

“Effective Time” means 12:00:01 a.m. Eastern time on the Effective Date.

“EI Hedge” and “EI Hedges” have the meanings ascribed thereto in Section 2.10(a).

“Equity Indexed Reinsured Policies” means all indexed universal life insurance Policies included in the Reinsured Policies.

“Estimated Initial Coinsurance Premium” has the meaning ascribed thereto in Section 2.3(a)(ii).

“Excess FWA Draw Amount” has the meaning ascribed thereto in Section 4.3(d).

“Excess FWA Draw Interest Amount” has the meaning ascribed thereto in Section 4.3(d).

“Excluded Reinsured Liability” means a Loss that a Buyer Indemnified Person under the Purchase Agreement suffers that, if such Loss were suffered by a “Buyer Indemnified Person” under the SPA, would be indemnified by Aviva plc under the SPA.

“Existing Interest Maintenance Reserve” means the amounts set forth on Schedule 2.11 as revised as of the Effective Date.

 

3


“Extra Contractual Obligations” means all obligations or Losses (whether known or unknown, contingent or otherwise) incurred or arising at any time under or relating to any Policy that are not provided by the contractual benefits arising under the express terms and conditions of such Policy or are in excess of the applicable Policy benefits, including any liability for taxes, toll charges, fines, penalties, forfeitures, excess or penalty interest, punitive, special, exemplary or other form of extra-contractual damages or attorneys’ fees and costs awarded, which obligations or Losses arise from any act, error or omission, whether or not intentional, negligent, in bad faith or otherwise, including obligations or Losses arising out of or relating to: (a) the form, marketing, distribution, sale, underwriting, issuance, cancellation or administration of the Policies; (b) the investigation, defense, trial, settlement or handling of claims, benefits or payments under the Policies; (c) the failure to pay, the delay in payment of, or errors in calculating or administering the payment of, benefits, claims or any other amounts due or alleged to be due under or in connection with the Policies; (d) Premium Taxes other than those settled under Section 2.5 in connection with premiums received under the Policies; (e) the failure of any Policy to provide the purchaser, policyholder, account holder or other holder or intended beneficiaries thereof with tax treatment under the Code that is the same as or more favorable than the tax treatment under the Code (i) that was purported to apply in materials provided at the time of issuance, assumption, exchange, modification or sale of the Policy by the Company or any of its predecessors or (ii) for which policies or contracts of that type were reasonably expected to qualify under the Code; (f) the treatment of any Policy as a “modified endowment contract” within the meaning of Section 7702A of the Code, except where the holder of the Policy shall have consented to its status as a “modified endowment contract” under Section 7702A; (g) the failure of the Company to comply with any applicable tax information reporting, withholding or disclosure requirements with respect to distributions or payments made pursuant to the Policies; (h) any taxes applicable to the Reinsurance Assets (but excluding the Company’s share of any taxes under Section 14.3); and (i) the failure to pay, the delay in payment, or errors in calculating or administering the payment of, unclaimed property, escheat or other similar liabilities related to the Policies; provided that “Extra Contractual Obligations” will not under any circumstances include (x) any such liabilities, obligations or Losses incurred or arising solely as a result of actions or omissions of the Company, but only to the extent such actions or omissions of the Company constitute gross negligence or bad faith and were not taken or omitted at the direction of the Reinsurer or consented to by the Reinsurer in writing or (y) U.S. federal or state income or capital stock or similar taxes (or any interest or penalties imposed with respect to the payment or reporting thereof) imposed upon the Company or any of its Affiliates.

“Fair Market Value” means, with respect to any asset, the fair market value thereof calculated in accordance with the accounting and actuarial practices of the Company, consistently applied.

“Funds Withheld Account” has the meaning ascribed thereto in Section 4.3(a).

“Funds Withheld Account Adjustment” has the meaning ascribed thereto in Section 6.2(d).

“Funds Withheld Account Amount” means, as of any date of determination, an amount equal to (i) (A) the Reinsurer’s Share of the Statutory Reserves, plus (B) the Reinsurer’s Share of the Existing Interest Maintenance Reserve attributable to the Reinsured Liabilities, in each case, as of such date of determination and determined in accordance with SAP, consistently applied.

 

4


“Funds Withheld Account Balance” means, as of a given date, the value of the Reinsurance Assets as reflected in the statutory books and records of the Company as of such date, determined in accordance with SAP, plus (b) the amount of any Excess FWA Draw Amount outstanding as of such date, plus (c) the amount of any Excess FWA Draw Interest Amount accrued but unpaid as of such date.

“Governmental Entity” means any foreign, federal, state, local or other governmental, legislative, judicial, administrative or regulatory authority, agency, commission, board, body, court or entity or any instrumentality thereof or any self-regulatory body or arbitral body or arbitrator.

“Governmental Order” means any order, writ, judgment, injunction, declaration, decree, stipulation, determination, award, agreement or permitted practice entered by or with any Governmental Entity.

“Hedge Counterparty” means, with respect to each EI Hedge, the counterparty of the Company with respect to such EI Hedge.

“Initial Cash Flow Testing Reserves” shall mean additional actuarial reserves posted by the Company in connection with the Reinsured Polices as a result of the Company’s most recent triennial exam, which the parties agree shall equal zero dollars ($0).

“Initial Coinsurance Premium” has the meaning ascribed thereto in Section 2.3(a)(i).

“Initial Coinsurance Premium Adjustment” has the meaning ascribed thereto in Section 2.3(a)(iv).

“Initial Coinsurance Premium Reconciliation Statement” has the meaning ascribed thereto in Section 2.3(a)(iv).

“Investment Income” means, with respect to any Monthly Accounting Period, (a) the book value investment earnings of the Reinsurance Assets calculated in accordance with SAP plus (in the case of gains) or minus (in the case of losses) all realized (including other than temporary impairments) gains and losses associated with the Reinsurance Assets reflected in the Company’s statutory financial statements prepared in accordance with SAP.

“Life Reference Balance Sheet” means the balance sheet for the Life Business (as defined in the Purchase Agreement) attached as Annex D hereto.

“Losses” means any damages, claims, losses, liabilities, charges, actions, suits, proceedings, deficiencies, taxes, fees, assessments, interest, penalties and reasonable costs and expenses (including reasonable attorneys’ fees and expenses).

 

5


“Monthly Accounting Period” means, with respect to any calendar month, the period beginning on the first day of such calendar month and ending on the last day of such calendar month.

“Net Retained Liabilities” means, with respect to any time of determination, all liabilities or obligations in respect of any Policy that, under the terms of any Other Reinsurance Agreement covering such Policy, (a) the Company is required to retain unreinsured and for its own account or (b) in the opinion of the Company and the Reinsurer, requires consent from any party to such Other Reinsurance Agreement in order to effect reinsurance under this Agreement, and as to which a waiver of such requirement or other consent has not been obtained prior to such time of determination.

“Net Retained Liabilities Adjustment Period” has the meaning ascribed thereto in Section 2.4(b)(iii).

“Net Retained Liability Reserve Transfer Amount” means, with respect to any Net Retained Liability for which subsequent to the Effective Date a waiver or consent is obtained to reinsure such Net Retained Liability under the terms of this Agreement or the Parties otherwise agree that any such waivers or consents shall not be required as a condition to coverage hereunder, the sum of (a) the gross statutory reserves (including deficiency reserves) and any additional policy-related liabilities that are required to be held by the Company with respect to such Net Retained Liability as of the Effective Date, less (b) the Reinsurer’s Share of (x) policy loan balances on such Net Retained Liability as of the Effective Date, and (y) net due and deferred Premiums on such Net Retained Liability as of the Effective Date, reduced by credit for reinsurance taken by the Company in respect of such Net Retained Liability for Other Reinsurance as of the Effective Date.

“Net Settlement” has the meaning ascribed thereto in Section 6.2(a).

“Non-Guaranteed Elements” has the meaning ascribed thereto in Section 2.7(b).

“Notice of Agreement” has the meaning ascribed thereto in Section 10.1(a).

“Other Reinsurance” means reinsurance ceded with respect to Reinsured Policies under the terms of the ceded reinsurance agreements that the Company has entered into with third parties prior to the Effective Time covering the Reinsured Policies, including the ceded reinsurance agreements listed on Schedule 1.1(ii), and any ceded reinsurance agreement entered into by the Company with the Reinsurer’s prior written consent pursuant to Section 2.6, as all such reinsurance ceded may be in force from time to time.

“Other Reinsurance Agreements” means the reinsurance treaties and agreements documenting the Other Reinsurance (including all amendments and modifications thereto entered into prior to the Effective Date or pursuant to Section 3.2).

“Other Reinsurance Benefits” means, for any period, the aggregate amount of benefits, fees, allowances and other amounts actually received by the Company for reinsurance ceded pursuant to Other Reinsurance Agreements with respect to the Reinsured Policies during such period.

 

6


“Other Reinsurance Premiums” means, for any period, the aggregate amount of premiums paid by the Company pursuant to Other Reinsurance Agreements with respect to the Reinsured Policies during such period.

“Other Transaction Agreements” means, collectively, all of the Transaction Documents other than this Agreement.

“Party” has the meaning ascribed thereto in the Recitals.

“Parties” has the meaning ascribed thereto in the Recitals.

“Person” means an individual, corporation, partnership, joint venture, limited liability company, association, trust, unincorporated organization or other entity.

“Policies” means, collectively, the Term Policies and the UL Policies.

“Policy List” means the list of policies set forth on Annex F, together with any written update to such file provided by the Company to the Reinsurer and, with respect to policies included on any such written update, which were issued or assumed by the Company prior to January 1, 2013 only if such policies are approved in writing by the Reinsurer at least three Business Days prior to the Effective Date.

“Portfolio Yield” means a rate equal to the Yield-to-Maturity of the Barclays Long U.S. Corporate Index as of the last day of the immediately preceding Monthly Accounting Period; provided, however, if the Barclays Long U.S. Corporate Index ceases to be available, the Parties shall endeavor in good faith to agree on a mutually acceptable replacement index and, upon the mutual agreement of the Parties on a replacement index, the “Barclays Long U.S. Corporate Index” shall, for purposes of this definition, be replaced with such replacement index; provided, further, that if the Barclays Long U.S. Corporate Index ceases to be available and the Parties are unable to agree on a mutually acceptable replacement index in respect of any Monthly Accounting Period, then the “Portfolio Yield” for such Monthly Accounting Period shall be equal to 5.00% per annum.

“Premiums” means premiums and considerations due or to become due, premiums deferred and uncollected, premium adjustments and any and all amounts or payments, including any and all policy fees, charges, reimbursements and similar amounts, which are or were held, received or collected by the Company, or which are now due or will become due from any source under or in connection with the Reinsured Policies, but not including Other Reinsurance Premiums.

“Premium Taxes” has the meaning ascribed thereto in Section 2.5(b).

“Purchase Agreement” means that certain Purchase and Sale Agreement, dated as of April 30, 2013, between Athene Holding Ltd. and Commonwealth Annuity and Life Insurance Company.

“RBC Ratio” means the ratio, as of the date of determination, of the Reinsurer’s “total adjusted capital” over its “company action level risk-based capital”, as such terms are defined

 

7


and prescribed by requirements promulgated by the National Association of Insurance Commissioners and regulations adopted by the insurance regulatory authorities in the Reinsurer’s state of domicile, which are in effect as of such date, calculated as of the end of each calendar quarter, and using reserving methodologies and asset classifications that are in accordance with generally accepted statutory accounting principles and practices required or permitted by the National Association of Insurance Commissioners and the insurance regulatory authority in the Reinsurer’s state of domicile, consistently applied throughout the specified period and in the immediately prior comparable period; provided, that in the event there is a material change in the factors and formulae prescribed by the insurance regulatory authority in the Reinsurer’s state of domicile with respect to the components of and methodologies contained in such calculation, the Parties shall amend this Agreement to incorporate an alternate calculation that is reasonably equivalent to the components of and methodologies contained in the calculation of the Reinsurer’s RBC Ratio in effect as of the Effective Date within thirty (30) calendar days after the implementation of such change, and if the Parties cannot agree on any such alternative, the Reinsurer shall continue to calculate its RBC Ratio as if such material change had not occurred.

“Reinsurance Assets” has the meaning ascribed thereto in Section 4.3(a).

“Reinsured Liabilities” means all gross liabilities and obligations, net of Other Reinsurance Benefits, to the extent such liabilities and obligations arise out of or relate to the Reinsured Policies, including payments of any such liabilities or obligations to any Governmental Entity, whether for tax withholding, escheat, unclaimed property or otherwise, and Extra Contractual Obligations, but excluding (i) any liabilities or obligations arising out of or relating to the Reinsured Policies that have been incurred but not reported prior to the Effective Time, (ii) Net Retained Liabilities and (iii) those liabilities that are indemnified by Athene Holding Ltd. under Section 7.2(a)(ii) of the Purchase Agreement.

“Reinsured Policies” has the meaning ascribed thereto in Section 2.1.

“Reinsurer” has the meaning ascribed thereto in the Recitals.

“Reinsurer Indemnified Parties” has the meaning ascribed thereto in Section 11.1.

“Reinsurer’s Objection” has the meaning ascribed thereto in Section 10.1(a).

“Reinsurer’s Share” has the meaning ascribed thereto in Section 2.2.

“Reinsurer Termination Event” means any failure by the Company (or any successor by operation of law of the Company, including any receiver, liquidator, rehabilitator, conservator or similar Person of the Company) to pay any material amount of Premiums or other amounts due to the Reinsurer under this Agreement payable by the Company if such failure has not been cured within ninety (90) calendar days after receipt of written notice thereof from the Reinsurer.

“Reinsurer Termination Payment” has the meaning ascribed thereto in Section 9.5.

“Representatives” has the meaning ascribed thereto in Section 12.1.

 

8


“Review Period” has the meaning ascribed thereto in Section 10.1(a).

“SAP” means the statutory accounting principles and practices prescribed by the insurance regulatory authorities in the Company’s state of domicile.

“SPA” means the Stock Purchase Agreement (as amended, modified or supplemented in accordance with its terms), dated as of December 21, 2012, between Aviva plc and Athene Holding Ltd.

“SPA Adjusted Coinsurance Premium” shall have the meaning ascribed thereto in Section 2.3(a)(v).

“SPA Coinsurance Premium Reconciliation Statement” shall have the meaning ascribed thereto in Section 2.3(a)(v).

“Statutory Book Value” means the carrying value of the subject asset or liability on the books of the Reinsurer for statutory statement purposes determined in accordance with the statutory accounting principles and practices prescribed by the Reinsurer’s state of domicile, consistently applied.

“Statutory Reserves” means, as of any date of determination, the gross statutory reserves (including deficiency reserves and interest maintenance reserves) and any additional policy-related liabilities, including additional actuarial reserves (as used in connection with SAP) that are required to be held by the Company with respect to the Reinsured Policies as of such date of determination, in each case, as determined in accordance with SAP, consistently applied, and reduced by credit for reinsurance taken by the Company in respect of the Reinsured Policies for Other Reinsurance as of such date of determination. The parties agree that the additional actuarial reserves for purposes of calculating the “Initial Coinsurance Premium” shall be the Initial Cash Flow Testing Reserves. For the avoidance of doubt, Statutory Reserves shall not include any reserves relating to liabilities or obligations arising out of or relating to the Reinsured Policies that have been incurred but not reported prior to the Effective Time.

“Taxes” has the meaning ascribed thereto in the Purchase Agreement.

“Tax Returns” has the meaning ascribed thereto in the Purchase Agreement.

“Term Policies” means all single life 10-, 20- and 30-year level premium term life policies and contracts (including supplementary contracts), together with all related binders, slips and certificates and including applications therefor and all supplements, endorsements, riders and agreements in connection therewith that are subject to the model regulation entitled “Valuation of Life Insurance Policies Model Regulation,” commonly referred to as Regulation XXX, which were: (i) issued by the Ceding Company during the period January 1, 2010 through December 31, 2012, both days inclusive, and listed on the Policy List, (ii) reinsured by the Company under the terms of any Assumed Reinsurance Agreement as of the Effective Time or (iii) reinstated by the Company in accordance with Section 5.4 hereof.

“Terminal Accounting and Settlement Report” has the meaning ascribed thereto in Section 9.5.

 

9


“Transaction Documents” has the meaning ascribed thereto in the Purchase Agreement.

“Transition Services Agreement” has the meaning ascribed thereto in the Recitals.

“UCC” means the Uniform Commercial Code, as said code has been enacted in the State of New York or any other applicable jurisdiction.

“UL Policies” means all single and joint-life universal life with no-lapse guarantee policies and contracts (including supplementary contracts), together with all related binders, slips and certificates and including applications therefor and all supplements, endorsements, riders and agreements in connection therewith that are subject to the model regulation entitled “Valuation of Life Insurance Policies Model Regulation,” as clarified by Actuarial Guideline 38, commonly referred to as Regulation AXXX which were (i) issued by the Ceding Company during the period January 1, 2010 through December 31, 2012, both days inclusive and, in the case of each of (a) and (b), listed on the Policy List, (ii) reinsured by the Company under the terms of any Assumed Reinsurance Agreement as of the Effective Time or (iii) reinstated by the Company in accordance with Section 5.4 hereof.

“Unresolved Items” has the meaning ascribed thereto in Section 10.1(b).

Section 1.2 Construction.

(a) For purposes of this Agreement, the words “hereof,” “herein,” “hereby” and other words of similar import refer to this Agreement as a whole unless otherwise indicated.

(b) Whenever the singular is used herein, the same shall include the plural, and whenever the plural is used herein, the same shall include the singular, where appropriate.

(c) For purposes of this Agreement, the term “including” means “including but not limited to.”

(d) Whenever used in this Agreement, the masculine gender shall include the feminine and neutral genders.

(e) All references herein to Articles, Sections, Subsections, Paragraphs, Exhibits, Annexes and Schedules shall be deemed references to Articles, Sections, Subsections and Paragraphs of, and Exhibits, Annexes and Schedules to, this Agreement, unless the context shall otherwise require.

(f) Any reference herein to any statute, agreement or document, or any section thereof, shall, unless otherwise expressly provided, be a reference to such statute, agreement, document or section as amended, modified, restated, supplemented or otherwise changed (including any successor section) and in effect from time to time.

(g) All terms defined in this Agreement shall have the defined meaning when used in any Schedule, Annex, Exhibit, certificate or other documents attached hereto or made or delivered pursuant hereto unless otherwise defined therein.

 

10


ARTICLE II

COINSURANCE

Section 2.1 Scope and Basis of Reinsurance. The reinsurance provided under this Agreement applies to all Policies (collectively, the “Reinsured Policies”).

Section 2.2 Reinsuring Clause. Subject to the terms and conditions of this Agreement, the Company hereby cedes and the Reinsurer hereby reinsures on a coinsurance funds withheld basis as of the Effective Time, 100% (the “Reinsurer’s Share”) of all Reinsured Liabilities.

Section 2.3 Allocation of Assets and Ceding Commission.

(a) Coinsurance Premium.

(i) On the Effective Date, the Company will allocate to the Funds Withheld Account an initial coinsurance premium that relates to the Reinsured Policies consisting of assets that are listed and that have the Statutory Book Values set forth on Annex A (the “Initial Reinsurance Assets”) and cash, equal to the Reinsurer’s Share of the following amount: (A) the Statutory Reserves held by the Company with respect to the Reinsured Policies, plus (B) the Existing Interest Maintenance Reserve attributable to the Reinsured Liabilities, minus (C) the amount of outstanding policy loans on the Reinsured Policies (to the extent such policy loans constitute admitted assets under SAP, net of any unearned policy loan interest on such loans but including amounts of interest due and accrued with respect thereto), minus (D) the net due and deferred Premiums on the Reinsured Policies, minus (E) the aggregate Statutory Book Value of the EI Hedges as of the Effective Date, plus (F) the other liabilities set forth on the Life Reference Balance Sheet, minus (G) the Additional Life Reference Balance Sheet Assets, in the case of each of clauses (A) through (C), determined in accordance with SAP, consistently applied, as of the Effective Time (such amount, the “Initial Coinsurance Premium”). For the avoidance of doubt, notwithstanding anything to the contrary in this Agreement, for purposes of calculating the Initial Coinsurance Premium, the term “Reinsured Policies” shall not include the portion of the policies from which Net Retained Liabilities, if any, arise.

(ii) The amount of the Initial Coinsurance Premium paid on the Effective Date shall be determined on an estimated basis (the “Estimated Initial Coinsurance Premium”) as follows: (x) with respect to each of the items set forth in clauses (A), (B), (C), (F) and (G) of the definition of “Initial Coinsurance Premium” the portion of the Estimated Initial Coinsurance Premium attributable to such items shall be equal to the respective amounts set forth on the Life Reference Balance Sheet; and (y) with respect to the items set forth in clauses (D) and (E) of the definition of the “Initial Coinsurance Premium,” the portion of the Estimated Initial Coinsurance Premium attributable to such items shall be determined by the Company in good faith and in a

 

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manner consistent with the principles governing the preparation of the Life Reference Balance Sheet on an estimated basis as of the date that is three (3) Business Days prior to the Effective Date.

(iii) On the Effective Date, the Company shall deliver to the Reinsurer a statement setting forth (A) the amount of the Estimated Initial Coinsurance Premium, determined as of the date that is three (3) Business Days prior to the Effective Date, and (B) the final list of Initial Reinsurance Assets, which will be based on Annex A, and will include the Statutory Book Value of the Initial Reinsurance Assets, determined as of the date that is three (3) Business Days prior to the Effective Date.

(iv) No later than fifty (50) Business Days after the Effective Date, the Company shall deliver to the Reinsurer a statement (the “Initial Coinsurance Premium Reconciliation Statement”) prepared in good faith by the Company, in the same form as, and using the same principles that govern, the Life Reference Balance Sheet, setting forth, as of the Effective Date, (1) the calculation of each of the items set forth in clauses (A) through (G) of the definition of the “Initial Coinsurance Premium” (such amount, the “Actual Initial Coinsurance Premium”) and (2) the Statutory Book Value of the Initial Reinsurance Assets as of the Effective Date. The “Initial Coinsurance Premium Adjustment” shall be equal to the following amount (whether positive or negative): (A) the difference (whether positive or negative) between the Actual Initial Coinsurance Premium minus the Estimated Initial Coinsurance Premium, minus (B) the difference (whether positive or negative) between the Statutory Book Value of the Initial Reinsurance Assets on the Effective Date minus the Statutory Book Value of the Initial Reinsurance Assets determined in connection with the calculation of the Estimated Initial Coinsurance Premium pursuant to Section 2.3(a)(ii). If the Initial Coinsurance Premium Adjustment is positive, then the Company shall increase the Funds Withheld Account Balance by such amount and shall allocate to the Funds Withheld Account additional assets having, in the aggregate, a Statutory Book Value equal to the Initial Coinsurance Premium Adjustment within five (5) Business Days after the Initial Coinsurance Premium Adjustment is finalized pursuant to Section 10.1, together with an amount of interest on the Initial Coinsurance Premium Adjustment at the Applicable Rate, calculated on the basis of a 360-day year for the actual number of days elapsed, accrued from the Effective Date until, but not including, the date of payment. If the Initial Coinsurance Premium Adjustment is negative, then the Company shall be entitled to decrease the Funds Withheld Account Balance by withdrawing Reinsurance Assets having, in the aggregate, a Statutory Book Value equal to the absolute value of the Initial Coinsurance Premium Adjustment within five (5) Business Days after the Initial Coinsurance Premium Adjustment is finalized pursuant to Section 10.1, together with an amount of interest on the Initial Coinsurance Premium Adjustment at the Applicable Rate, calculated on the basis of a 360-day year for the actual number of days elapsed, accrued from the Effective Date until, but not including, the date of payment.

(v) No later than thirty (30) Business Days following any final adjustments to the Purchase Price (as defined in the SPA) in accordance with Annex C of the SPA, the Company shall deliver to the Reinsurer a statement (the “SPA Coinsurance Premium Reconciliation Statement”) prepared in good faith by the Company, in the same

 

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form as, and using the same principles that govern, the Life Reference Balance Sheet, setting forth, as of the Effective Date, (1) the calculation of each of the items set forth in clauses (A) through (E) of the definition in the “Initial Coinsurance Premium” (such amount, the “SPA Adjusted Coinsurance Premium”) and (2) the Statutory Book Value of the Initial Reinsurance Assets as of the Effective Date. The “SPA Coinsurance Premium Adjustment” shall be equal to the following amount (whether positive or negative): (A) the difference (whether positive or negative) between the SPA Adjusted Coinsurance Premium minus the Actual Initial Coinsurance Premium, minus (B) the difference (whether positive or negative) between the Statutory Book Value of the Initial Reinsurance Assets determined in connection with the calculation of the SPA Adjusted Coinsurance Premium minus the Statutory Book Value of the Initial Reinsurance Assets determined in connection with the calculation of the Actual Initial Coinsurance Premium. If the SPA Coinsurance Premium Adjustment is positive, then the Company shall increase the Funds Withheld Account Balance by such amount and shall allocate to the Funds Withheld Account additional assets having, in the aggregate, a Statutory Book Value equal to the SPA Coinsurance Premium Adjustment within five (5) Business Days after the SPA Coinsurance Premium Adjustment is finalized pursuant to Section 10.1, together with an amount of interest on the SPA Coinsurance Premium Adjustment at the Applicable Rate, calculated on the basis of a 360-day year for the actual number of days elapsed, accrued from the Effective Date until, but not including, the date of payment. If the SPA Coinsurance Premium Adjustment is negative then the Company shall be entitled to decrease the Funds Withheld Account Balance by withdrawing from the Reinsurance Assets having, in the aggregate, a Statutory Book Value equal to the absolute value of the SPA Coinsurance Premium Adjustment within five (5) Business Days after the SPA Coinsurance Premium Adjustment is finalized pursuant to Section 10.1, together with an amount of interest on the SPA Coinsurance Premium Adjustment at the Applicable Rate, calculated on the basis of a 360-day year for the actual number of days elapsed, accrued from the Effective Date until, but not including, the date of payment.

(b) Ceding Commission. Neither the Reinsurer nor the Company shall be required to pay a ceding commission hereunder.

Section 2.4 Net Retained Liabilities.

(a) The Company shall be solely responsible for, and the Reinsurer will cooperate reasonably to obtain all waivers and consents necessary in order to reinsure 100% of the Net Retained Liabilities under this Agreement. The Company and the Reinsurer, at the Company’s reasonable instruction, shall each use their reasonable best efforts in the context of current market conditions to obtain any such waivers and consents (it being understood that the Company’s and the Reinsurer’s executive officers shall, to the extent reasonably appropriate, be personally engaged in that process) and promptly advise the other Party of any communications with respect to any such waivers and consents. All correspondence from the Reinsurer to any Person from whom such a waiver or consent is sought shall be in a form approved by the Company. The Company shall effect any such action with respect to such waivers and consents, including sending correspondence requesting such waivers and consents. To the extent that after the Effective Time, any written waivers or consents are

 

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obtained to reinsure a Net Retained Liability in respect of a Policy under the terms of this Agreement or the Parties otherwise agree in writing that any such waivers or consents shall not be required as a condition to coverage of such Policy hereunder, then the liability and obligation pertaining to such Policy shall no longer be deemed a Net Retained Liability for purposes of this Agreement and the liability and obligation pertaining to such Policy shall be reinsured hereunder effective as of the date of such written consent, waiver or agreement by the Parties, as applicable.

(b) With respect to any such written waiver or consent that is obtained or any such other agreement between the Parties that any such waivers or consents shall not be required as a condition to coverage hereunder, in each case, after the Effective Date:

(i) the Company shall pay the Reinsurer an amount of cash equal to the Net Retained Liability Reserve Transfer Amount with respect to such Net Retained Liability for which waiver or consent was obtained or with respect to which the Parties agreed did not require a consent or waiver as a condition to coverage hereunder;

(ii) the Company shall deliver to the Reinsurer a statement setting forth the Company’s good faith calculation of the difference (whether positive or negative) between (x) the aggregate amount of the premiums and considerations, premium adjustments and any and all amounts or payments, including any and all policy fees, charges, reimbursements, reinsurance recoverables and similar amounts, received or collected by the Company in respect of the portion of the Policies from which the relevant Net Retained Liabilities arise during the period following the Effective Date and prior to the date on which such waiver or consent was obtained or with respect to which the Parties agreed such waiver or consent was not required as a condition to coverage hereunder (the “Net Retained Liabilities Adjustment Period”); and (y) the aggregate amount equal to the obligations, including any and all death claims, cash surrender benefits, policyholder dividends, reinsurance premiums, commissions and similar amounts, arising out of or relating to the portion of the Policies from which the relevant Net Retained Liabilities arise (including Extra Contractual Obligations) incurred by the Company during the Net Retained Liabilities Adjustment Period. If such amount is positive, then such amount shall be due to be paid the Company by the Reinsurer, and if such amount is negative, then such amount shall be due to be paid to the Reinsurer by the Company, in each case, together with an amount of interest on such payment at the Applicable Rate, calculated on the basis of a 360-day year for the actual number of days elapsed, accrued from the Effective Date until, but not including, the date of payment; and

(iii) The payment of the amounts in clauses (i) and (ii) shall be reflected in the Net Settlement for the month in which such consent or waiver was obtained and paid in accordance with Section 6.2.

(c) For the avoidance of doubt, prior to obtaining any such required written consents or waivers, or the making of any such written agreement, the portion of each Policy from which Net Retained Liabilities arise shall not be deemed to constitute a Reinsured Policy for purposes of this Agreement; provided that the Reinsurer shall provide

 

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administrative services with respect to any Net Retained Liabilities (and the associated Policies) pursuant to the Administrative Services Agreement. Except as otherwise contemplated by this Section 2.4, the Company shall bear the cost of obtaining any waivers or consents to reinsure a Net Retained Liability.

Section 2.5 Guaranty Fund Assessments and Premium Taxes.

(a) Guaranty Funds Assessments. In the event the Company is required to pay an assessment on or after the Effective Date in respect of the Reinsured Policies to any insurance guaranty, insolvency or other similar fund maintained by any jurisdiction, the portion, if any, of such assessment related to such Reinsured Policies shall be reimbursed by the Reinsurer as part of the applicable monthly settlement pursuant to Section 6.2 To the . extent there is any recovery of any such assessment paid by the Reinsurer, the Company shall promptly pay the Reinsurer’s Share of such recovery to the Reinsurer.

(b) Premium Taxes.

(i) The Reinsurer shall pay to the Company a provision for premium taxes and other charges, fees, taxes and assessments, including retaliatory taxes (collectively, “Premium Taxes”), incurred or imposed on or after the Effective Date in connection with premiums written or received under the Reinsured Policies. The provision for Premium Taxes shall be estimated at 1.8% of premiums received under the Reinsured Policies, as calculated on a monthly basis, and shall be paid by the Reinsurer to the Company as part of the monthly settlement pursuant to Section 6.2 and adjusted annually to an actual rate for each year as part of the monthly settlement pursuant to Section 6.2 for the second calendar month of the following year, with such monthly settlement to reflect the difference between actual Premium Taxes in respect of the Reinsured Policies (after giving effect to any offsets for guaranty fund assessments reimbursed by the Reinsurer pursuant to Section 2.5(a)) and estimated Premium Taxes.

(ii) Each Party shall promptly notify the other in writing upon receipt by it or any of its Affiliates of notice of any pending or threatened Action related to any Premium Taxes or any Tax Returns filed in connection with such Premium Taxes.

(iii) The Company shall have the right to control the conduct of any Action related to any Premium Taxes or any Tax Returns filed in connection with such Premium Taxes, and to employ counsel of the Company’s choice; provided, that the Reinsurer shall be permitted, at the Reinsurer’s expense, to be present at, and to participate in, any Action related to Premium Taxes. Notwithstanding such control, the Company shall not settle, either administratively or after the commencement of litigation, any claim for Premium Taxes without providing reasonable advance written notice to, and an opportunity for prior consultation with, the Reinsurer. The Parties shall furnish or cause to be furnished to each other, upon request, as promptly as practicable, such information and assistance relating to the preparation for any Premium Tax audit or other Action related to Premium Taxes, and the prosecution or defense of any Action related to any Premium Taxes or any Premium Tax Returns filed in connection with such Premium Taxes. The Parties shall reasonably cooperate with each other in the conduct of any

 

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Action related to any Premium Taxes. Any information obtained under this Section 2.5(b)(iii) shall be kept confidential, except as otherwise reasonably may be required in connection with the filing of Premium Tax Returns or claims for Premium Tax refunds or in conducting any Action related to Premium Taxes.

Section 2.6 Other Reinsurance. This Agreement is written on a “gross” basis and thus the costs and benefits of Other Reinsurance inuring on the Reinsured Policies are intended to be borne by the Reinsurer; provided, that to the extent the Other Reinsurance became unrecoverable (in accordance with the Company’s ordinary-course evaluation and statutory accounting treatment) prior to the Effective Time, the recoverability of such amounts shall be borne by the Company. Other Reinsurance with respect to the Reinsured Policies shall be accounted for herein such that the Reinsurer participates in the Reinsurer’s Share of any premiums, benefits, recoveries, ceding or expense allowances, other allowances and other adjustments as such amounts and such risks are paid, received or otherwise collected by the Company with respect to such Other Reinsurance, it being understood that the Reinsurer shall bear all risk of collecting third party reinsurance (except as otherwise provided in Section 3.2(c)). Risks under the terms of any agreement of Other Reinsurance as shall be terminated or recaptured with the Reinsurer’s prior written consent shall be ceded automatically hereunder to the Reinsurer without any further action required, subject to the receipt by the Reinsurer of the Reinsurer’s Share of any reserve transfer or similar transfer or settlement amount received by the Company from the applicable third party reinsurer. In connection with any such termination or recapture with the Reinsurer’s prior written consent, the Reinsurer shall pay the Reinsurer’s Share of any resulting special transfer or recapture fee incurred by the Company. The Company covenants that absent the prior written consent of the Reinsurer, the Company shall not enter into any new or change any existing reinsurance cession with respect to any of the Reinsured Policies. Notwithstanding this Section 2.6 or Section 3.2, the Company shall retain all rights and primary responsibility with respect to payments under Other Reinsurance Agreements.

Section 2.7 Policy Changes and Non-Guaranteed Elements.

(a) Policy Changes. The Company agrees that it shall not make any changes in the provisions and conditions of a Reinsured Policy or an Assumed Reinsurance Agreement except with the Reinsurer’s prior written consent or to the extent that any change to the terms of any Reinsured Policy is required by Applicable Law. To the extent a change is required by Applicable Law, the Company shall, within a reasonable period of time prior to effecting such change, provide reasonably detailed written notice to the Reinsurer describing the nature of such change and the reasons for making such change. The Company shall also afford the Reinsurer, at the Reinsurer’s expense, the opportunity, to the extent reasonably practicable, to object to such change under applicable administrative procedures to the same extent the Company could make such objection under Applicable Law; provided, that the Reinsurer may only object to such change in the same manner and to the same extent as it objects to any similar change required by any Applicable Law to life insurance policies and contracts of the Reinsurer that are substantially similar to the Reinsured Policies.

(b) Non-Guaranteed Elements. The Company will be responsible for determining the cost of insurance charges, loads and expense charges, credited interest rates, mortality and expense charges, administrative expense risk charges and policyholder dividends,

 

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as applicable, under the Reinsured Policies (“Non-Guaranteed Elements”); provided, that the Reinsurer may provide written recommendations regarding the Non-Guaranteed Elements to the Company and, provided that such recommendations are the same as the Non-Guaranteed Elements established by the Reinsurer for life insurance policies and contracts of the Reinsurer that are substantially similar to the Reinsured Policies and comply with the written terms of the Policies, Applicable Law and Actuarial Standards of Practice promulgated by the Actuarial Standards Board governing redetermination of non-guaranteed charges. The Company should consider any such recommendations and act reasonably and in good faith in determining whether to accept any such recommendations and shall not unreasonably delay implementation of any accepted recommendations for more than ten (10) Business Days after such recommendations are provided to the Company in writing. Notwithstanding the foregoing, the Company shall retain the responsibility for determining the Non-Guaranteed Elements.

Section 2.8 Premiums. Payment of Premiums to the Reinsurer, as Administrator pursuant to the Administrative Services Agreement, by or on behalf of a policyholder shall be deemed received by the Company. All monies, checks, drafts, money orders, postal notes and other instruments that may be received after the Effective Date by the Company for premiums, fees or other payments on or in respect of the Reinsured Policies shall be held in trust by the Company for the benefit of the Reinsurer and shall be immediately transferred and delivered to the Reinsurer, and any such instruments when so delivered shall bear all endorsements required to effect the transfer of same to the Reinsurer. The Reinsurer is hereby authorized to endorse for payment to the Reinsurer any such checks, drafts, money orders and other instruments pertaining to the Reinsured Policies that are payable to, or to the order of, the Company and received by the Reinsurer under this Agreement.

Section 2.9 Assignment; Security Interest.

(a) The Company hereby assigns, transfers and conveys to the Reinsurer, effective as of the Effective Time, all of the Company’s right, title and interest (legal, equitable or otherwise), if any, to payments (i) under the Reinsured Policies of principal and interest paid on policy loans and (ii) of the Premiums, fees and other payments due or made on or after the Effective Date under the Reinsured Policies. The Reinsurer and the Company hereby agree that, in connection with any termination of this Agreement, all of the Reinsurer’s right, title and interest (legal, equitable or otherwise) in and to the items set forth in (i) and (ii) above shall be immediately assigned, transferred and conveyed to the Company without any further action by the Parties. Each Party, as reasonably requested by the other from time to time, shall take all reasonably appropriate actions and execute any reasonably necessary and appropriate additional documents, instruments or conveyances of any kind which may be reasonably necessary to carry out the provisions of this Section 2.9(a).

(b) The Parties intend that at all times prior to the termination of this Agreement that the Company’s assignment pursuant to Section 2.9(a) be a present assignment of all of the Company’s rights, title and interest and not an assignment as collateral. However, to the extent that such assignment is not recognized as a present assignment, is not valid or is recharacterized as a pledge rather than a lawful conveyance to the Reinsurer, the Company does hereby bargain, sell, convey, assign and otherwise pledge to the Reinsurer, and grant a first priority security interest to the Reinsurer in, all of the Company’s right, title and interest (legal,

 

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equitable or otherwise), if any, to payments (i) under the Reinsured Policies of principal and interest paid on policy loans and (ii) of all Premiums, fees and other payments due or made on or after the Effective Date under the Reinsured Policies (collectively, the “Collateral”) to secure all of the Company’s obligations under this Agreement.

(c) This Section 2.9 is being included in this Agreement to ensure that, if an insolvency or other court determines that, notwithstanding the provisions of this Agreement, including Sections 2.1, 2.2, 2.3, 2.8, 6.2 and 12.1, and the intent of this Agreement, the Company retained ownership of or any rights in the Collateral, the Reinsurer’s rights to the Collateral are protected with a first priority, perfected security interest, and it is the intent of the Parties that this Section 2.9 be interpreted as such.

(d) At or prior to the Effective Time, the Company shall file, and the Reinsurer is authorized to file, any and all financing statements reasonably requested by the Reinsurer in order to perfect the Reinsurer’s right, title and interest under Article 9 of the UCC in and to the Collateral, and the Company shall do such further acts and things as the Reinsurer may reasonably request in order that the security interest granted hereunder may be maintained as a first priority perfected security interest; provided, that the Reinsurer shall be required to bear all out-of-pocket costs and expenses (including reasonable attorney’s fees) incurred by the Company in connection with any such action or other thing requested by the Reinsurer.

Section 2.10 Hedging.

(a) The Company shall purchase derivatives to hedge the index risk associated with the Equity Indexed Reinsured Policies (each, an “EI Hedge” and collectively, the “EI Hedges”). The Company hereby conveys, transfers and assigns to the Reinsurer, effective as of the Effective Date, a 100% interest in the gross proceeds in respect of the EI Hedges purchased by the Company prior to or following the Effective Date, intended to hedge the index risk associated with the Reinsurer’s Share of the Equity Indexed Reinsured Policies, each such EI Hedge purchased prior to the Effective Date is set forth on Annex C hereto. Such assignment shall occur automatically, without further action on the part of either Party, upon the purchase by the Company of any EI Hedge or, in the case of any EI Hedges entered into prior to the date hereof, as of the date hereof. EI Hedges assigned under this Section 2.10(a) will be accounted for as funds withheld assets payable by the Company to the Reinsurer.

(b) The Company shall pay to the Reinsurer any Assigned EI Hedge Proceeds Amounts to the Funds Withheld Account.

(c) The Reinsurer shall pay to the Company any Assigned EI Hedge Costs Amounts in accordance with Section 6.2 until the applicable EI Hedges have been novated to the Reinsurer.

(d) The Company shall use reasonable care in its hedging activities with respect to the Reinsured Policies, and such activities shall be consistent with the applicable standards set forth in the Transition Services Agreement. In addition, the Company shall not

 

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treat the EI Hedges in any respect in a manner that is different than the manner in which it treats the hedges it enters into with respect to equity indexed policies issued by the Company that are not Equity Indexed Reinsured Policies.

(e) The Company agrees that other than as provided expressly in this Agreement, it shall take any actions reasonably requested by the Reinsurer to maintain in full force and effect each of the EI Hedges and to perform fully each of its obligations thereunder. The Company may not modify, amend or terminate any EI Hedge or waive any of its rights under any such EI Hedge without the Reinsurer’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed) and shall fully enforce, at the expense of the Reinsurer, all of its rights thereunder, including, at the Reinsurer’s request and if applicable, requiring the collateralization by the Hedge Counterparty of exposure and other amounts required to be paid or delivered thereunder. With the Reinsurer’s prior written consent, the Company may exercise any right it may have to terminate any such EI Hedge and shall, at the Reinsurer’s instruction and expense, effect any discretionary action with respect to the management or administration of the EI Hedges as the Reinsurer shall reasonably request, including termination, as may be available pursuant to the terms and conditions of any EI Hedge; provided, however, that the Reinsurer shall indemnify and hold harmless the Company for Losses arising out of any such discretionary action so requested by the Reinsurer and the Company shall indemnify and hold harmless the Reinsurer for Losses to the extent arising out of any failure by the Company to take any such discretionary action as reasonably requested by the Reinsurer. The Company agrees that it shall, at the direction and at the cost and expense of the Reinsurer, pursue commercially reasonable management and collection efforts with respect to the EI Hedges and, in general, will reasonably cooperate with the Reinsurer in the management and administration of the EI Hedges.

(f) Following the Effective Date, at the Reinsurer’s request and expense, the Company shall cooperate with the Reinsurer and use its reasonable best efforts in the context of current market conditions to novate any EI Hedges from the Company to the Reinsurer or a designated Affiliate of the Reinsurer. The Company shall promptly advise the Reinsurer of any communications with respect to any such proposed novation. All material, written correspondence from either the Company or the Reinsurer to any Hedge Counterparty in connection with any such proposed novation shall be in a form approved by the other Party; provided that any such approval shall not be unreasonably withheld, conditioned or delayed. At the Reinsurer’s instruction and at the Reinsurer’s cost and expense, the Company shall take any such action with respect to any such proposed novation as the Reinsurer shall reasonably request, including sending correspondence requesting that an EI Hedge be novated to the Reinsurer or a designated Affiliate of the Reinsurer in a form approved by the Reinsurer; provided, however, that the Reinsurer shall indemnify and hold harmless the Company for Losses arising out of any such action so requested by the Reinsurer and the Company shall indemnify and hold harmless the Reinsurer for Losses to the extent arising out of any failure by the Company to take any such action as reasonably requested by the Reinsurer.

Section 2.11 Existing Interest Maintenance Reserve. Set forth on Schedule 2.11 is the Reinsurer’s Share of the Existing Interest Maintenance Reserve attributable to the Reinsured

 

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Liabilities. The entirety of such Existing Interest Maintenance Reserve shall be calculated by the Company and ceded to the Reinsurer and transferred into the Funds Withheld Account, and shall be amortized as set forth on Schedule 2.11. The Company shall have no obligation to establish any such Existing Interest Maintenance Reserve.

Section 2.12 Retention. Unless the New York Department of Financial Services provides its prior written consent, the Reinsurer shall not retrocede any Reinsured Liabilities in connection with any transaction or series of transactions in which such liabilities will be ceded to a special purpose financial captive insurer.

Section 2.13 Cash Flow Testing Reserves. The Reinsurer will pay to the Company the Portfolio Yield on the Initial Cash Flow Testing Reserves as part of the Net Settlement pursuant to Section 6.2.

ARTICLE III

REINSURANCE LIABILITY

Section 3.1 Reinsurance Liability. The reinsurance by the Reinsurer of the Reinsured Policies is subject to the same rates, conditions, limitations and restrictions as the insurance under the Reinsured Policies written by the Company on which the reinsurance is based. The liability of the Reinsurer hereunder on the terms described herein begins as of the Effective Time and, subject to Article IX hereof, the liability of the Reinsurer on any Reinsured Policy will terminate as and when all liability of the Company with respect to such Reinsured Policy terminates.

Section 3.2 Other Reinsurance.

(a) The Company agrees that other than as provided expressly in this Agreement, it shall take any actions reasonably requested by the Reinsurer to maintain in full force and effect each of the Other Reinsurance Agreements and to perform fully each of its obligations thereunder. The Company may not modify, amend, terminate or recapture any Other Reinsurance Agreement or waive any of its rights under any such agreement without the Reinsurer’s prior written consent and shall fully enforce, at the expense of the Reinsurer, all of its rights thereunder, including, at the Reinsurer’s request, requiring the collateralization by the third party reinsurer of reserve balances and other amounts thereunder. With the Reinsurer’s prior written consent, the Company may exercise any right it may have to recapture risks ceded under any of the Other Reinsurance Agreements or to otherwise terminate any such agreement and shall, at the Reinsurer’s instruction and expense, effect any such action with respect to the management or administration of the Other Reinsurance as the Reinsurer shall reasonably request, including termination or recapture, as may be available under or with respect to the terms of any Other Reinsurance Agreement; provided, however, that the Reinsurer shall indemnify and hold harmless the Company for Losses arising out of any such action so requested by the Reinsurer. Subject to the terms and conditions of the Administrative Services Agreement, the Company agrees that it shall, at the direction and at the cost and expense of the Reinsurer (including any reasonable out-of-pocket expenses incurred by the Company), pursue commercially reasonable management and collection efforts with respect to the Other Reinsurance and, in general, will reasonably cooperate with the Reinsurer in the management of the Other Reinsurance.

 

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(b) Following the Effective Date, at the Reinsurer’s expense and reasonable request, the Company shall cooperate with the Reinsurer and shall use its reasonable best efforts in the context of current market conditions to novate any Other Reinsurance from the Company to the Reinsurer or a designated Affiliate of the Reinsurer. The Parties shall promptly advise each other of any communications with respect to any such proposed novation. All correspondence from either the Company or the Reinsurer to any reinsurer under Other Reinsurance in connection with any such proposed novation shall be in a form approved by the other Party; provided that any such approval shall not be unreasonably withheld, conditioned or delayed. At the Reinsurer’s instruction and at the Reinsurer’s cost and expense (including any reasonable out-of-pocket expenses incurred by the Company), the Company shall effect any such action with respect to any such proposed novation as the Reinsurer shall reasonably request, including sending correspondence requesting that an Other Reinsurance Agreement be novated to the Reinsurer or a designated Affiliate of the Reinsurer in a form approved by the Reinsurer; provided, however, that the Reinsurer shall indemnify and hold harmless the Company for Losses arising out of any such action so requested by the Reinsurer.

(c) The Company agrees that whenever an Other Reinsurance Agreement provides the Company with a right of set-off, the Company shall exercise such right of set-off in the event that amounts are due and unpaid from the Reinsurer. The Company shall have no obligation to pursue any claims it may have for indemnification to which it may be entitled in connection with the Other Reinsurance unless requested to do so by the Reinsurer and at the cost and expense of the Reinsurer (including reasonable out-of-pocket expenses incurred by the Company). In no event shall any such right to indemnification reduce the Reinsurer’s responsibility for the risk of all Other Reinsurance.

Section 3.3 Disclaimer. The Company has no duties, whether express or implied, including the duty of utmost good faith and other similar duties, which the Company expressly disclaims, and makes no representations or warranties to the Reinsurer, other than those expressly contained in this Agreement. The Reinsurer has no duties, whether express or implied, including the duty of utmost good faith and other similar duties, which the Reinsurer expressly disclaims, and makes no representations or warranties to the Company, other than those expressly contained in this Agreement.

ARTICLE IV

CERTAIN FINANCIAL PROVISIONS

Section 4.1 Credit for Reinsurance. If at any time during the term of this Agreement, the Reinsurer fails to hold and maintain all licenses, permits and authorities required under Applicable Law to enable the Company to receive statutory reserve credit for the reinsurance ceded to the Reinsurer hereunder in the Company’s state of domicile, the Reinsurer shall, at its sole expense, establish and maintain security in the form of letters of credit, assets held in a reinsurance trust, funds withheld arrangement or a combination thereof in a manner that meets all Applicable Laws regarding credit for reinsurance, so as to permit the Company to receive full statutory reserve credit for the reinsurance ceded to the Reinsurer hereunder in the Company’s

 

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state of domicile. The form of such letter of credit, trust agreement for such reinsurance trust or any funds withheld arrangement shall be approved by the New York Department of Financial Services prior to use.

Section 4.2 RBC Reports.

(a) Within forty-five (45) days following the end of the first three calendar quarters of each year during the term of this Agreement, the Reinsurer shall provide to the Company a report of its RBC Ratio as of the end of such calendar quarter, as estimated in good faith by the Reinsurer.

(b) Within five (5) Business Days of the submission by the Reinsurer to the insurance department of its domiciliary state of a report of its risk-based capital levels as of the end of the previous calendar year, but in no event later than sixty (60) days following the end of each calendar year, the Reinsurer shall provide to the Company written certification of its RBC Ratio as of the end of such calendar year.

Section 4.3 Establishment of the Funds Withheld Account.

(a) On or prior to the Effective Date, the Company shall establish on its books and records a funds withheld account (the “Funds Withheld Account”) and allocate thereto the Initial Reinsurance Assets with a Statutory Book Value equal to the Initial Coinsurance Premium and, thereafter, shall maintain the Funds Withheld Account with assets having a Statutory Book Value equal to the Funds Withheld Account Amount determined from time to time in accordance with this Agreement (the Initial Reinsurance Assets and any other assets allocated to the Funds Withheld Account pursuant to this Agreement, the “Reinsurance Assets”). The Funds Withheld Account shall be a segregated account established by the Company. The Company will retain, control and own all Reinsurance Assets. The Company shall record the Funds Withheld Account Balance on its statutory financial statements as a payable to the Reinsurer.

(b) The Reinsurance Assets (other than the policy loans) shall be invested by the Reinsurer or by Goldman Sachs Asset Management or such other investment manager appointed by the Reinsurer with the prior written consent of the Company pursuant to an investment management agreement. The Reinsurer, Goldman Sachs Asset Management or such other investment manager appointed by the Reinsurer with the prior written consent of the Company shall have the authority to purchase EI Hedges on the account of the Company commencing (1) year following the Effective Date. For greater certainty, (i) each policy loan repaid and interest payment on a policy loan shall be accounted for as a cash transfer to the Funds Withheld Account from the policyholder in an amount equal to such policy loan repayment or interest payment (and shall result in an allocation by the Company to the Funds Withheld Account of cash, assets or a combination of cash and assets, with an aggregate Statutory Book Value equal to such policy loan repayment or interest payment), and (ii) each policy loan taken by a policyholder shall be accounted for as a cash transfer from the Funds Withheld Account to such policyholder (and shall result in cash, assets or a combination of cash and assets, with an aggregate Statutory Book Value equal to the proceeds of such policy loan no longer being allocated by the Company to the Funds Withheld Account) and the

 

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Company shall establish a Reinsurance Asset in an amount equal to the outstanding balance of such policy loan and any accrued but unpaid interest thereon and shall allocate such Reinsurance Asset to the Funds Withheld Account.

(c) Assets in the Funds Withheld Account may be withdrawn and applied by the Company or any successor of the Company without diminution because of insolvency on the part of the Company or the Reinsurer only for the following purposes:

(i) to pay to the Company any amount due to be paid out of the Funds Withheld Account as part of the Reinsurer Termination Payment to the extent such amount is not being disputed by the Reinsurer in good faith;

(ii) to pay any portion of the Net Settlement due to be paid to the Company in accordance with Sections 6.2(b) and 6.2(c) to the extent such portion is not being disputed by the Reinsurer in good faith, and any portion thereof that is due to be paid to the Reinsurer to the extent such portion is not being disputed by the Company in good faith;

(iii) to pay to the Reinsurer amounts remaining in the Funds Withheld Account, if any, after the payment of any amounts due to be paid out of the Funds Withheld Account as part of the Reinsurer Termination Payment to the extent such amount is not being disputed by the Company in good faith; or

(iv) to pay or reimburse the Company for any other amounts due but not yet recovered from the Reinsurer under this Agreement in order to satisfy liabilities under the Reinsured Policies to the extent such amounts are not being disputed by the Reinsurer in good faith.

For the avoidance of doubt, (i) any amounts referred to above that are not the subject of a good faith dispute may be withdrawn and applied for the purposes provided above and (ii) payments to policyholders shall not be delayed due to any good faith disputes by the Company or the Reinsurer under this Section 4.3(c).

(d) If assets are withdrawn from the Funds Withheld Account and are not immediately applied for the purposes set forth in Section 4.3(c) above, the assets improperly withdrawn from the Funds Withheld Account by the Company shall be immediately returned to the Funds Withheld Account. Until such assets are returned to the Funds Withheld Account, such assets shall be held in trust by the Company separate and apart from any other assets of the Company. The Company shall pay to the Funds Withheld Account interest on the amount of any such improperly withdrawn assets at the Applicable Rate from the date of withdrawal to the date such assets are returned to the Funds Withheld Account or paid to the Reinsurer, as applicable (the “Excess FWA Draw Interest Amount”). Such interest shall accrue monthly and shall be paid on the Business Day following the last day of each Monthly Accounting Period. The balance of the amount held or required to be so held separate and apart as of any date of determination shall be an amount (the “Excess FWA Draw Amount”) equal to (i) the Statutory Book Value of assets withdrawn from the Funds Withheld Account in excess of amounts required for the purposes described in Section 4.3(c) above minus any

 

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amounts applied by the Company therefrom for such permissible purposes plus (ii) the Excess FWA Draw Interest Amount (whether or not payable as of such date of determination).

ARTICLE V

PLAN OF REINSURANCE

Section 5.1 Plan. Reinsurance under this Agreement is on a 100% coinsurance funds withheld basis and is subject to the terms and conditions of the original policy forms for the Reinsured Policies and any amendments thereto in effect as of the Effective Date.

Section 5.2 Follow the Fortunes. The Reinsurer’s liability under this Agreement shall commence on the Effective Date, and all reinsurance with respect to which the Reinsurer shall be liable by virtue of this Agreement shall be subject in all respects to the same risks, terms, rates, conditions, interpretations, assessments, waivers, proportion of premiums paid to, and reinsurance recoveries benefiting, the Company with respect to the Reinsured Liabilities and the Reinsured Policies, the true intent of this Agreement being that the Reinsurer shall follow the fortunes of the Company with respect to the Reinsured Liabilities and Reinsured Policies.

Section 5.3 Reductions and Terminations. Reinsurance amounts are calculated in terms of coverages on a “per policy” basis. If the coverage of any Reinsured Policy on an insured is reduced or terminated, reinsurance under this Agreement on such Reinsured Policy will be equally reduced or terminated.

Section 5.4 Reinstatements. Reinsured Policies ceded under this Agreement shall include any Policy that is reduced, terminated, lapsed or surrendered, and later reinstated pursuant to and in accordance with its policy provisions and will be reinsured by the Reinsurer in accordance with the terms of this Agreement. The Reinsurer will retain any Premiums and interest that the Company has received for reinstatement in respect of periods on or after the Effective Date. A terminated Policy that would have been a Reinsured Policy had it been in force at the Effective Time, that later reinstates pursuant to and in accordance with its policy provisions, will be reinsured by the Reinsurer and become a Reinsured Policy. The Reinsurer will be entitled to retain any Premiums and interest for coverage on or after the Effective Date that is received for such reinstatement, and the Company will transfer to the Reinsurer the amount of reserves for such reinstated Reinsured Policy as of the Effective Date, calculated in a manner that is consistent with the reserve calculations used for the other Reinsured Policies. The date of reinsurance for such reinstated Reinsured Policies shall be the Effective Date. For the avoidance of doubt, the reinstated Policies reinsured under this Section 5.4 shall include any Policy treated as lapsed or otherwise terminated prior to the Effective Time under which the Company subsequently becomes liable as a result of a determination that the policyowner, insured or beneficiary has died prior to the lapse or termination.

Section 5.5 Contractual Conversions; Internal Replacement.

(a) Any conversion, exchange or replacement policy or contract arising from the Reinsured Policies that is converted, exchanged or replaced pursuant to and in accordance with its policy terms shall be deemed to constitute a Reinsured Policy for purposes of this

 

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Agreement and, in the event of a conversion, exchange or replacement of any Reinsured Policy, the Reinsurer shall reinsure the risk resulting from such conversion on the basis set forth hereby with respect to the Reinsured Policies; provided, however, that the Reinsurer shall not be required to pay any ceding commission with respect to any such converted, exchanged or replacement policy or contract. The Reinsurer will reimburse the Company for any expenses incurred in issuing a converted, exchanged or replacement policy or contract, but only to the extent such expenses are not covered by payments made by the Reinsurer under the Transition Services Agreement.

(b) Absent the Reinsurer’s prior written consent (which may be withheld in its sole discretion), the Company will not solicit owners, beneficiaries or policyholders in connection with, or sponsor or assist, directly or indirectly, in the conduct of, (and will cause each of its Affiliates to refrain from soliciting in connection with, and sponsoring or assisting, directly or indirectly, in the conduct of) any program of internal replacement under which the owners, beneficiaries or policyholders of Reinsured Policies are or would be encouraged to exchange, or assisted in the exchange of, Reinsured Policies for other insurance policies or contracts that are not reinsured under this Agreement. Should the Company or its Affiliates or any of their respective successors or assigns initiate such a program of internal replacement that would include any of the risks reinsured hereunder in violation of the preceding sentence, the Company will immediately notify the Reinsurer. For each risk reinsured hereunder that has been replaced under a program of internal replacement, the Reinsurer shall have the option, at its sole discretion, of either treating the risks reinsured as recaptured on terms reasonably acceptable to the Reinsurer or continuing reinsurance on the new policy under the terms of this Agreement without any ceding commission therefor.

Section 5.6 Policy List Errors.

(a) The Company or the Reinsurer, as applicable, shall notify the other Party if any life insurance policies or contracts issued or reinsured by the Company and in force as of the Effective Date were inadvertently not included on the Policy List and are determined to be a Policy, which shall in no event include any insurance policies and contracts falling within the following lines of business: health, annuities, funding agreements, corporate-owned life insurance and bank-owned life insurance when sold on a group basis, synthetic guaranteed investment contracts and variable life or other variable business.

(b) If any policies or contracts (or components thereof) are determined to be Policies in accordance with this Section 5.6, then the Company shall transfer cash or assets reasonably satisfactory to the Reinsurer into the Funds Withheld Account in an amount equal to the Statutory Reserves required to be held with respect to such Policies to the extent such Statutory Reserves were not previously transferred to the Funds Withheld Account.

Section 5.7 Renewal Commissions. Any renewal commissions due following the Effective Date will the responsibility of the Reinsurer and shall be paid by the Reinsurer to the Company as part of the Net Settlement pursuant to Section 6.2.

 

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ARTICLE VI

ADMINISTRATION

Section 6.1 Administrative Services.

(a) The Parties hereby agree that the Policies, Other Reinsurance Agreements and, subject to Section 2.10, the EI Hedges shall be administered in accordance with or as otherwise provided in the Administrative Services Agreement and the Transition Services Agreement. The administration of the Policies, Other Reinsurance Agreements and EI Hedges shall be at the sole cost and expense of the Reinsurer.

(b) In the event that the Reinsurer is unable to administer the Policies, Other Reinsurance Agreements and EI Hedges as provided in Section 6.1(a), the Reinsurer shall remain obligated for the costs and expenses of any replacement party providing such administration and the Reinsurer shall reimburse the Company for any such costs and expenses as part of the Net Settlement pursuant to Section 6.2.

Section 6.2 Net Settlements.

(a) For each Monthly Accounting Period, the Parties will effect a settlement on a net basis (the “Net Settlement”) as contemplated in Annex B hereto.

(b) A report reflecting in detail the Net Settlement determinations contemplated in Annex B shall be prepared not later than thirty (30) calendar days after the end of each Monthly Accounting Period. For as long as required under the Transition Services Agreement, the Company shall prepare and deliver such report to the Reinsurer. After such time, the Reinsurer shall prepare and deliver such report to the Company. If a Net Settlement report reflects a balance due to the Company, the amount(s) shown as due shall be paid within ten (10) Business Days of the delivery of the report. If a Net Settlement report reflects a balance due to the Reinsurer, the amount(s) shown as due shall be paid within ten (10) Business Days after the date on which the report was delivered. If there is a delayed settlement of any payment due hereunder, interest will accrue on such payment at the Applicable Rate. For purposes of this section, a payment will be considered overdue on the date which is ten (10) Business Days after the date such payment is due hereunder; provided that such interest will begin to accrue from the original due date with respect to such payment. All settlements of account between the Company and the Reinsurer shall be made in cash or its equivalent.

(c) To the extent that the Reinsurer makes any direct payments to or on behalf of the Company in respect of Reinsured Liabilities or other amounts payable to the Company pursuant to the Net Settlement in respect of a Monthly Accounting Period prior to the Net Settlement process, whether in its capacity as the Administrator or otherwise, the amount of any such payments shall be taken into account for purposes of determining the Net Settlement. In addition, to the extent the Reinsurer receives any Premiums or other amounts payable to the Reinsurer pursuant to the Net Settlement in respect of a Monthly Accounting Period prior to the Net Settlement process, whether in its capacity as the Administrator or otherwise, the amount of any such Premiums received shall be taken into account for purposes of determining the Net Settlement.

 

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(d) The Net Settlement report delivered in respect of each Monthly Accounting Period shall include an adjustment to the Funds Withheld Account Balance (each, a “Funds Withheld Account Adjustment”). The Funds Withheld Account Adjustment shall be calculated as an amount equal to (i) minus (ii) minus (iii), where:

(i) equals the Funds Withheld Account Amount as of the last day of the Monthly Accounting Period to which the then current Net Settlement report relates; and

(ii) equals the Funds Withheld Account Amount at the end of the immediately preceding Monthly Accounting Period, and

(iii) equals the Investment Income earned during the period from but excluding the last day of the immediately preceding Monthly Accounting Period to and including the last day of the Monthly Accounting Period to which the then current Net Settlement report relates.

(e) If the Funds Withheld Account Adjustment for any Monthly Accounting Period is positive, then the Reinsurer shall remit to the Company an amount equal to the Funds Withheld Account Adjustment in accordance with Section 6.2(b). If the Funds Withheld Account Adjustment for any Monthly Accounting Period is negative, then the Company shall remit to the Reinsurer an amount equal to the absolute value of the Funds Withheld Account Adjustment in accordance with Section 6.2(b). For purposes of calculating the Funds Withheld Account Adjustment for the first Monthly Accounting Period after the Effective Time, clause (iii) of Section 6.2(d) shall include only Investment Income earned since the Effective Time.

(f) In connection with any settlement under this Agreement, the Reinsurer shall not be obligated to pay any Excluded Reinsured Liability.

ARTICLE VII

DAC TAX

Section 7.1 DAC Tax Election. The Company and the Reinsurer hereby elect and agree under Treasury Regulations Section 1.848-2(g)(8) as follows:

(a) The Company and the Reinsurer will each attach a schedule to its federal income tax return for the first taxable year ending after the Effective Date that identifies this Agreement as a reinsurance agreement for which a joint election under Treasury Regulation Section 1.848-2(g)(8) has been made, and will otherwise file its respective federal income tax returns in a manner consistent with the provisions of Treasury Regulation Section 1.848-2 as in effect on the date this Agreement is executed;

(b) For each taxable year under this Agreement, the Party with the net positive consideration, as defined in the regulations promulgated under Section 848 of the Code, will capitalize specified policy acquisition expenses with respect to this Agreement without regard to the general deductions limitation of Section 848(c)(1) of the Code;

 

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(c) The Company and the Reinsurer agree to exchange information pertaining to the amount of net consideration under this Agreement each year to ensure consistency or as otherwise required by the Code and applicable Treasury Regulations;

(d) The first tax year for which this election is effective is 2013;

(e) The Reinsurer will submit to the Company by May 15 each year its calculation of the amount of the net consideration for the preceding calendar year. This schedule of calculations will be accompanied by a statement that the Reinsurer will report such amount of net consideration in its tax return for the preceding calendar year;

(f) The Company may contest such calculation by providing an alternative calculation to the Reinsurer in writing within thirty (30) days of the Company’s receipt of the Reinsurer’s calculation. If the Company does not so notify the Reinsurer, the Company will report the amount of net consideration as determined by the Reinsurer in the Company’s tax return for the previous calendar year;

(g) If the Company contests the Reinsurer’s calculation of the amount of net consideration, the dispute shall be resolved in accordance with Section 10.2.

Both the Company and the Reinsurer are subject to U.S. taxation under Subchapter L of Chapter 1 of the Code.

ARTICLE VIII

INSOLVENCY

Section 8.1 Insolvency. The reinsurance ceded hereunder shall be payable by the Reinsurer on the basis of liability of the Company under the Reinsured Policies without diminution because of the insolvency of the Company, directly to the Company or its liquidator, receiver or statutory successor, except where the Reinsurer, with the consent of the direct insured, has assumed the policy obligations of the Company as direct obligations of the Reinsurer to the payees under a Reinsured Policy and in substitution for the obligations of the Company to the payees. It is agreed and understood, however, that (i) in the event of the insolvency of the Company, the liquidator, receiver or statutory successor of the Company shall give the Reinsurer written notice of the pendency of a claim against the insolvent Company on a Reinsured Policy within a reasonable time after such claim is filed in the insolvency proceeding and (ii) during the pendency of such claim the Reinsurer may investigate such claim and interpose, at its own expense, in the proceeding where such claim is to be adjudicated any defenses which it deems available to the Company, its liquidator, receiver or statutory successor

Section 8.2 Expenses. It is further understood that any expense incurred by the Reinsurer pursuant to Section 8.1 shall be chargeable, subject to court approval, against the insolvent Company as part of the expense of liquidation to the extent of a proportionate share of the benefit which may accrue to the Company solely as a result of the defense undertaken by the Reinsurer. Where two or more assuming reinsurers are involved in the same claim and a majority in interest elect to interpose defenses to such claim, the expense shall be apportioned in accordance with the terms of this Agreement as though such expense had been incurred by the Company.

 

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TERMINATION

Section 9.1 Duration of Coinsurance. This Agreement will be effective as of the Effective Time. Subject to the provisions of this Article IX, this Agreement will remain in effect, and the reinsurance provided hereunder will remain in force, until termination of the policy or policies on which the reinsurance is based in accordance with the terms of this Agreement. Except as provided in Sections 9.3, the Reinsured Policies are not eligible for recapture by the Company.

Section 9.2 Termination. This Agreement shall terminate:

(a) at any time upon the mutual written consent of the Parties hereto, which writing shall state the effective date of termination; or

(b) automatically at such time as no liability remains under this Agreement.

Section 9.3 Termination by the Company. The Company, in its sole discretion, shall have the option to terminate this Agreement upon the occurrence of any one of the following events:

(a) the Reinsurer is placed in receivership, conservatorship, rehabilitation or liquidation by any insurance regulatory authority;

(b) the Reinsurer breaches Section 4.1, and the Reinsurer fails to cure such breach within the earlier of (i) thirty (30) days following receipt of written notice of such breach from the Company and (ii) the last day of the calendar quarter in which such breach occurs; provided that the Company shall have no right to terminate if the Reinsurer cannot take any action reasonably required for the Company to receive statutory reserve credit without the reasonable cooperation of the Company and the Company shall not have reasonably cooperated with the Reinsurer; provided, further, that it shall be deemed unreasonable to require the Company to cooperate in the event such cooperation would impose on the Company any cost and the Reinsurer has not agreed to be responsible for such cost;

(c) the Reinsurer fails to pay any material amount due to the Company under this Agreement and (i) such amount is not subject to a good faith dispute and (ii) such failure is not cured within ten (10) Business Days following the Reinsurer’s receipt of written notice of such failure from the Company; or

(d) in the event that (i) the Reinsurer’s RBC Ratio is less than 175% or (ii) the Reinsurer fails to provide its RBC Ratio in accordance with Section 4.2 and, upon delivery of written notice from the Company to the Reinsurer, the Reinsurer shall fail to provide its RBC Ratio within ten (10) Business Days following such notice.

Section 9.4 Termination by the Reinsurer. Upon the occurrence of a Reinsurer Termination Event, the Reinsurer shall have the right (but not the obligation) to terminate this Agreement by providing written notice to the Company of its intent to terminate. Termination of this Agreement shall be effective on the date specified in such notice, provided that such date

 

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shall not be prior to the date on which the Termination Event occurred. Upon termination of this Agreement pursuant to this Section 9.4, the Company shall be deemed to have recaptured and reassumed all Reinsured Liabilities. Recapture of the Reinsured Policies shall be effective on the date specified in the notice of termination.

Section 9.5 Settlement Upon Termination. Upon the termination of this Agreement by the Company pursuant to Section 9.3 or by the Reinsurer pursuant to Section 9.4, subject to payment by the Reinsurer of any amounts due to the Company pursuant to this Section 9.5 and the payment by the Company of any amounts due to the Reinsurer pursuant to this Section 9.5, the Company shall recapture all liabilities previously ceded to the Reinsurer and the Reinsurer’s liability under this Agreement will terminate (provided, that such termination shall not relieve any Party of any pre-termination breach of this Agreement). The Company shall prepare a Net Settlement report for the period commencing on the first day of the then-current Monthly Accounting Period and ending on the date this Agreement is terminated pursuant to Sections 9.3 or 9.4 (the “Terminal Accounting and Settlement Report”). If a Net Settlement report reflects a balance due (a) the Company, the amount(s) shown as due shall be paid by the Reinsurer on the tenth (10th ) Business Day following the delivery of such Terminal Accounting and Settlement Report (the “Reinsurer Termination Payment”) and (b) the Reinsurer, the amount(s) shown as due shall be paid by the Reinsurer on the tenth (10th ) Business Day following the delivery of such Terminal Accounting and Settlement Report (the “Company Termination Payment”); provided, that, for the avoidance of doubt, the Reinsurer Termination Payment and the Company Termination Payment shall be determined on a net basis and only the balance shall be due and payable by the Reinsurer or the Company, as the case may be. In the event that a balance is due and payable by the Company, the Company shall pay such balance to the Reinsurer in cash by wire transfer of immediately available funds. In the event that a balance is due and payable by the Reinsurer, such amount shall be deducted by the Company from the Funds Withheld Account Balance and any remaining amount due to the Company (after giving effect to any other offsets under this Agreement) shall be paid by the Reinsurer in cash by wire transfer of immediately available funds. Following such settlement, any remaining amount in the Funds Withheld Account shall be transferred to the Company and the Funds Withheld Account will be reduced to zero. For the avoidance of doubt, the payment by the Reinsurer to the Company of an amount equal to the Funds Withheld Account Balance calculated in connection with the Terminal Accounting and Settlement Report shall be calculated after giving effect to the adjustments thereto pursuant to Section 6.2(d) as determined based on the Terminal Accounting and Settlement Report. Any dispute by either Party of the Company Termination Payment or the Reinsurer Termination Payment shall be resolved in accordance with Section 10.2.

ARTICLE X

RESOLUTION OF CERTAIN DISPUTES

Section 10.1 Disputes over Actual Initial Coinsurance Premium Calculations and SPA Adjusted Coinsurance Premium.

(a) Within thirty (30) days following its receipt from the Company of the Initial Coinsurance Premium Reconciliation Statement or the SPA Coinsurance Premium Reconciliation Statement, as applicable, (such period, a “Review Period”), the Reinsurer shall either (i) notify the Company in writing of its agreement with the calculation of the Actual Initial

 

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Coinsurance Premium or SPA Adjusted Coinsurance Premium, as applicable, set forth therein (“Notice of Agreement”); or (ii) if the Company determines that the Initial Coinsurance Premium Reconciliation Statement or SPA Coinsurance Premium Reconciliation Statement, as applicable, or the calculations reflected therein either (x) have not been prepared on the basis set forth in Section 2.3 or in Section 5.8 of the Purchase Agreement or (y) contain or reflect mathematical errors, inform the Company in writing of its objection (the “Reinsurer’s Objection”), which notice shall set forth in reasonable detail a description of the basis of the Reinsurer’s Objection and the adjustments to such Initial Coinsurance Premium Reconciliation Statement or the SPA Coinsurance Premium Reconciliation Statement, as applicable, or the calculations reflected therein that the Reinsurer requests be made. The Company, as applicable, shall, following the Effective Date through the date that the Initial Coinsurance Premium Reconciliation Statement or SPA Coinsurance Premium Reconciliation Statement, as applicable, becomes final in accordance with the last sentence of Section 10.1(c), take all actions necessary or desirable to maintain and preserve all accounting books, records, policies and procedures on which such Initial Coinsurance Premium Reconciliation Statement or SPA Premium Reconciliation Statement, as applicable, are based or on which the finalized Initial Coinsurance Premium Adjustment or SPA Coinsurance Premium Adjustment, as applicable, are to be based so as not to impede or delay the determination of the finalized Actual Initial Coinsurance Premium, the finalized SPA Adjusted Coinsurance Premium, the finalized Statutory Book Value of the Initial Reinsurance Assets as of the Effective Date or the preparation of the Reinsurer’s Objection in the manner and utilizing the methods permitted by this Agreement. Upon receipt by the Company of a Notice of Agreement from the Reinsurer or if no Reinsurer’s Objection is received by the Company prior to the expiration of the Review Period, the Actual Initial Coinsurance Premium, the SPA Adjusted Coinsurance Premium and the Reinsurer’s calculation of the Initial Coinsurance Premium Adjustment (as set forth in the Initial Coinsurance Premium Reconciliation Statement) and the SPA Coinsurance Premium Adjustment (as set forth in the SPA Coinsurance Premium Reconciliation Statement) shall be deemed to have been accepted by the Reinsurer and will become final and binding upon the Parties in accordance with the last sentence of Section 10.1(c).

(b) If the Reinsurer timely delivers a Reinsurer’s Objection to the Company, the Company shall have thirty (30) days from the date of such delivery to review and respond to such Reinsurer’s Objection (the “Consultation Period”). The Parties shall use reasonable, good faith efforts to resolve any disagreements that they may have with respect to the matters set forth in the Reinsurer’s Objection. If the Parties are unable to resolve all of their disagreements with respect to the matters set forth in the Reinsurer’s Objection within ten (10) Business Days following the expiration of the Consultation Period, then the Parties shall submit all matters that remain in dispute with respect to the Reinsurer’s Objection (along with a copy of the Initial Coinsurance Premium Reconciliation Statement, SPA Coinsurance Premium Reconciliation Statement and the Company’s calculation of the amounts set forth therein, marked to indicate those line items that are still in dispute) to an independent internationally recognized accounting firm of independent certified public accountants with appropriate actuarial expertise mutually agreed by the Parties (the “CPA Firm”), which shall, acting as an expert and not as an arbitrator, make a final determination, on the basis of the standards set forth in Section 2.3 hereof, and only with respect to any remaining differences submitted to the CPA Firm, in accordance with this Section 10.1(b), of the appropriate amount of each line item in the Initial Coinsurance Premium Reconciliation Statement, SPA Coinsurance Premium Reconciliation Statement and the Company’s calculation of the amounts set forth therein as to which the Parties disagree (such items that remain in dispute, the “Unresolved Items”).

 

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(c) The Parties shall instruct the CPA Firm to deliver its written determination to the Reinsurer and the Company no later than fifteen Business Days after the Unresolved Items are referred to the CPA Firm. The CPA Firm’s determination shall include a certification that it reached such determination in accordance with this Section 10.1(c) and shall be conclusive and binding upon the Parties, absent fraud or clear and manifest error. With respect to each Unresolved Item, the CPA Firm’s determination, if not in accordance with the position of either the Company or the Reinsurer, shall not be more favorable to the Reinsurer than the amounts advocated by the Reinsurer in the Reinsurer’s Objection or more favorable to the Company than the amounts advocated by the Company in the Initial Coinsurance Premium Reconciliation Statement, the SPA Coinsurance Premium Reconciliation Statement or the Company’s calculations of the amounts set forth therein with respect to such disputed line item and/or calculation. For the avoidance of doubt, (i) the CPA Firm’s review of the Initial Coinsurance Premium Reconciliation Statement, the SPA Coinsurance Premium Reconciliation Statement and the Company’s calculation of the amounts set forth therein shall be limited to a determination of whether such documents and calculations were prepared in accordance with Section 2.3, and (ii) the CPA Firm shall not review any line items or make any determination with respect to any matters other than the Unresolved Items that were referred to the CPA Firm for resolution pursuant to this Section 10.1(c). The determination of the amounts set forth in the Initial Coinsurance Premium Reconciliation Statement or the SPA Coinsurance Premium Reconciliation Statement, as applicable, that are final and binding on the Parties, as determined either through (1) the Reinsurer’s delivery of a Notice of Agreement pursuant to Section 10.1(a), (2) the Reinsurer’s failure to deliver Reinsurer’s Objection prior to expiration of the Review Period pursuant to Section 10.1(a), (3) agreement by the Parties during the Consultation Period or (4) the determination of the CPA Firm pursuant to this Section 10.1(c) are referred to herein as the “finalized Actual Initial Coinsurance Premium,” the “finalized Initial Coinsurance Premium Adjustment,” the “finalized Statutory Book Value of the Initial Reinsurance Assets as of the Effective Date,” the “finalized SPA Adjusted Coinsurance Premium,” and the “finalized SPA Coinsurance Premium Adjustment,” as the case may be.

(d) The Parties agree that judgment may be entered upon the CPA Firm’s determination in any court having jurisdiction over the Reinsurer or the Company or their respective assets, as the case may be. The fees and disbursements of the CPA Firm shall be paid by the Parties in proportion to those matters submitted to the CPA Firm that are resolved against that Party, as such fees and disbursements are allocated by the CPA Firm in accordance with this Section 10.1 at the time of the CPA Firm’s determination. At any time following delivery of the Initial Coinsurance Premium Reconciliation Statement or the SPA Coinsurance Premium Reconciliation Statement, as applicable, the Reinsurer shall provide to the Company and its Representatives full access to books and records and other information with respect to the Reinsured Policies and the Net Retained Liabilities, including work papers of its accountants (subject to execution by the Company and/or its Representatives, as applicable, of a customary hold-harmless agreement in form and substance reasonably acceptable to such accountants), and to any employees during regular business hours and on reasonable advance notice, to the extent necessary for the Company to prepare the Initial Coinsurance Premium Reconciliation Statement or the SPA Coinsurance Premium Reconciliation Statement or to prepare materials for

 

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presentation to the CPA Firm. The Parties shall make readily available to the CPA Firm, during regular business hours and on reasonable advance notice, interviews with such employees, and all relevant information, books and records and any work papers of their respective accountants (in each case, subject to execution by the CPA Firm of a customary hold-harmless agreement in form and substance reasonably acceptable to such accountants) relating to the Initial Coinsurance Premium Reconciliation Statement, the SPA Coinsurance Premium Reconciliation Statement and any Unresolved Items and all other items reasonably required by the CPA Firm to fulfill its obligations under Section 10.1(c). In acting under this Section 10.2, the CPA Firm will be entitled to the privileges and immunities of an arbitrator.

(e) For the avoidance of doubt, this Section 10.1 shall not apply to any dispute between the Parties with respect to the interpretation of any provision, term or condition of this Agreement.

Section 10.2 Disputes over Calculations. After the Effective Date, any dispute between the Parties with respect to the calculation of amounts that are to be calculated or reported pursuant to this Agreement (other than disputes with respect to the Actual Initial Coinsurance Premium and the SPA Adjusted Initial Coinsurance Premium, which shall be resolved in accordance with Section 10.1 hereof), including disputes with respect to any Net Settlement, calculations relating to DAC tax or the amount of the Reinsurer Termination Payment or the Company Termination Payment, that cannot be resolved by the Parties within sixty (60) calendar days, shall be referred to an independent accounting firm of national recognized standing (which shall not have any material relationship with the Reinsurer or the Company) mutually agreed to by the Parties; provided, however, that where the dispute involves an actuarial issue, the dispute shall instead be referred to an independent actuarial firm of national recognized standing (which shall not have any material relationship with the Reinsurer or the Company) mutually agreed to by the Parties. Within twenty (20) Business Days following the selection of the accounting firm or actuarial firm, as applicable, the Parties shall submit their positions and supporting documentation to such accounting firm or actuarial firm. Within forty (40) Business Days of such submission, the accounting firm or actuarial firm, as applicable, shall, in light of the evidence provided by both Parties, determine the calculations in dispute within the range of difference between the Reinsurer’s position thereto and the Company’s position thereto. There shall be no appeal from the decision made by such firm, which shall be final and binding (absent fraud or clear and manifest error), except that, either Party may petition a court having jurisdiction over the other Party or its assets to reduce the arbitrator’s decision to judgment. The fees charged by the accounting firm or actuarial firm, as applicable, to resolve the dispute shall be allocated between the Company and the Reinsurer by such firm in accordance with its judgment as to the relative merits of the Parties’ positions in respect of the dispute. For the avoidance of doubt, this Section 10.2 shall not apply to any dispute between the Parties with respect to the interpretation of any provision, term or condition of this Agreement.

ARTICLE XI

INDEMNIFICATION

Section 11.1 Indemnification of the Reinsurer by the Company. From and after the Effective Date, the Company shall indemnify, defend and hold harmless the Reinsurer and its officers, directors and authorized Representatives (the “Reinsurer Indemnified Parties”) from and

 

33


against, and pay and reimburse the Reinsurer Indemnified Parties for, all Losses imposed on, sustained, incurred or suffered by, or asserted against, the Reinsurer Indemnified Parties (a) solely as a result of actions or omissions of the Company, but only to the extent such actions or omissions of the Company constitute gross negligence or bad faith and were not taken or omitted at the direction of the Reinsurer or consented to by the Reinsurer or (b) arising out of any breach or nonfulfillment by the Company of, or any failure by the Company to perform, any of the covenants, terms or conditions of or any of its duties or obligations under this Agreement unless such breach, nonfulfillment or failure arises out of or results from the action or omission of the Reinsurer pursuant to the Administrative Services Agreement; provided, however, that the Company shall have no obligation to indemnify, defend and hold harmless the Reinsurer Indemnified Parties for any Reinsured Liabilities.

Section 11.2 Indemnification of the Company by the Reinsurer. From and after the Effective Date, the Reinsurer shall indemnify, defend and hold harmless the Company, and its officers, directors and authorized Representatives (the “Company Indemnified Parties”) from and against, and pay and reimburse the Company Indemnified Parties for, all Losses imposed on, sustained or incurred or suffered by, or asserted against, the Company Indemnified Parties to the extent such Losses (a) constitute Reinsured Liabilities, (b) arise out of any breach or nonfulfillment by the Reinsurer of, or any failure by the Reinsurer to perform, any of the covenants, terms or conditions of or any of its duties or obligations under this Agreement unless such breach, nonfulfillment or failure arises out of or results from the action or omission of the Company or its Affiliates pursuant to the Transition Services Agreement, (c) arise out of written instructions of the Reinsurer given pursuant to Section 3.2 hereof, or (d) arise out of the Company following a written recommendation of the Reinsurer given in accordance with Section 2.7(b).

ARTICLE XII

CONFIDENTIALITY

Section 12.1 Confidentiality. Except as provided in the Other Transaction Agreements, each of the Reinsurer and the Company agrees to hold any Confidential Information with respect to the other Party in strictest confidence and to take all reasonable steps to ensure that such Confidential Information is not disclosed in any form by any means by it or by its Affiliates, employees, advisors, agents or administrators (collectively, “Representatives”) to third parties of any kind or used by it or its Representatives for any purpose other than the performance of its obligations under this Agreement; provided that the foregoing obligation shall not prohibit disclosure of any such information (a) if required by Applicable Law or stock exchange rules, or if required or requested by any Governmental Entity (provided in the case of this clause (a) that the disclosing party shall allow (to the extent permitted by Applicable Law and reasonably practicable) the other Party a reasonable opportunity to comment on such disclosure in advance of such disclosure); (b) to the disclosing Party’s Representatives, auditors or ratings agencies, provided, that such Representatives, auditors or ratings agencies are made aware of the provisions of this Article XII; (c) to the extent that the information has been made public by or on behalf of, or with the prior consent of, the non-disclosing Party; (d) if required in connection with any report required to be filed or submitted with any Governmental Entity; (e) to a retrocessionaire of the Reinsurer; (f) to the extent reasonably necessary in connection with any dispute with respect to this Agreement; and (g) as necessary for the Reinsurer to perform its

 

34


obligations as Administrator under the Administrative Services Agreement. The Reinsurer agrees to hold medical, financial and other personal information about proposed, current, and former policyowners, insureds, applicants and beneficiaries of Policies in confidence to the extent required to be held in confidence under Applicable Law and the Reinsurer’s privacy policy or policies and shall establish and maintain safeguards against the unauthorized access, destruction, loss or alteration of such information which are no less rigorous than those maintained by Reinsurer for its own information of a similar nature. Notwithstanding anything to the contrary, for purposes of this Section 12.1, the Reinsurer, in its capacity as Administrator on behalf of the Company, shall not be considered an advisor, agent or administrator of the Company.

ARTICLE XIII

REPRESENTATIONS AND WARRANTIES

Section 13.1 Representations and Warranties of Reinsurer. The Reinsurer hereby represents and warrants to the Company as of the Effective Time:

(a) Organization, Standing and Authority. The Reinsurer is a corporation duly organized and validly existing under the laws of the State of Massachusetts and has all requisite power and authority to own, lease and operate its assets, properties and business and to carry on the operations of its business as they are now being conducted, except where the failure to have such authority would not, individually or in the aggregate, reasonably be expected to have a material adverse effect. The Reinsurer is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction where such qualification is necessary, except for those jurisdictions where the failure to be so qualified would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the Reinsurer’s ability to perform its obligations under this Agreement.

(b) Authorization. The Reinsurer has all requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement. This Agreement has been duly executed and delivered by the Reinsurer, and, subject to the due execution and delivery by the Company, this Agreement is valid and the binding obligation of the Reinsurer, enforceable against the Reinsurer in accordance with its terms, subject to (i) bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium and other similar laws now or hereafter in effect relating to or affecting the rights of creditors of insurance companies or creditor’s rights generally and (ii) general principles of equity (regardless of whether considered in a proceeding at law or in equity).

(c) Actions and Proceedings. There are no outstanding orders, decrees or judgments by or with any Governmental Entity applicable to the Reinsurer or its properties or assets that, individually or in the aggregate, have a material adverse effect on the Reinsurer’s ability to perform its obligations under this Agreement. There are no actions, suits, arbitrations or legal, administrative or other proceedings pending or, to the knowledge of the Reinsurer, threatened against, at law or in equity, or before or by any Governmental Entity or before any arbitrator of any kind which would, individually or in the aggregate, reasonably be expected to have a material adverse effect on the Reinsurer’s ability to perform its obligations under this Agreement.

 

35


(d) No Conflict or Violation. The execution, delivery and performance by the Reinsurer of this Agreement and the consummation of the transactions contemplated hereby in accordance with the terms and conditions hereof will not: (i) violate any provision of the charter, bylaws or other organizational document of the Reinsurer, (ii) violate, conflict with or result in the breach of any of the terms of, result in any modification of the effect of, otherwise give any other contracting party the right to terminate or constitute (or with notice or lapse of time or both, constitute) a default under, any contract to which the Reinsurer is a party or by or to which its properties may be bound or subject, (iii) violate any order, judgment, injunction, award or decree of any arbitrator or Governmental Entity, or any agreement with, or condition imposed by, any arbitrator or Governmental Entity, binding upon, the Reinsurer, (iv) violate any Applicable Law or (v) result in a breach or violation of any of the terms or conditions of, constitute a default under, or otherwise cause an impairment of, any license or authorization related to the Reinsurer’s business or necessary to enable the Reinsurer to perform its obligations under this Agreement, except for any such violations, conflicts or breaches which would not individually or in the aggregate reasonably be expected to have a material adverse effect on the Reinsurer’s ability to perform its obligations under this Agreement.

(e) Brokers and Financial Advisers. No broker, finder or financial adviser has acted directly or indirectly as such for, or is entitled to any compensation from, the Reinsurer in connection with this Agreement or the transactions contemplated hereby.

Section 13.2 Representations and Warranties of the Company. The Company hereby represents and warrants to the Reinsurer as of the Effective Time:

(a) Organization, Standing and Authority. The Company is a corporation duly organized and validly existing under the laws of the State of New York and has all requisite power and authority to own, lease and operate its assets, properties and business and to carry on the operations of its business as they are now being conducted, except where the failure to have such authority would not, individually or in the aggregate, reasonably be expected to have a material adverse effect. The Company is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction where such qualification is necessary, except for those jurisdictions where the failure to be so qualified would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the Company’s ability to perform its obligations under this Agreement.

(b) Authorization. The Company has all requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement. This Agreement has been duly executed and delivered by the Company, and, subject to the due execution and delivery by the Reinsurer, this Agreement is valid and the binding obligation of the Company, enforceable against the Company in accordance with its terms, subject to (i) bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium and other similar laws now or hereafter in effect relating to or affecting the rights of creditors of insurance companies or creditor’s rights generally and (ii) general principles of equity (regardless of whether considered in a proceeding at law or in equity).

(c) Actions and Proceedings. There are no outstanding orders, decrees or judgments by or with any Governmental Entity applicable to the Company or its properties or

 

36


assets that, individually or in the aggregate, have a material adverse effect on the Company’s ability to perform its obligations under this Agreement. There are no actions, suits, arbitrations or legal, administrative or other proceedings pending or, to the knowledge of the Company, threatened against, at law or in equity, or before or by any Governmental Entity or before any arbitrator of any kind which would, individually or in the aggregate, reasonably be expected to have a material adverse effect on the Company’s ability to perform its obligations under this Agreement.

(d) No Conflict or Violation. The execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated hereby in accordance with the terms and conditions hereof will not: (i) violate any provision of the charter, bylaws or other organizational document of the Company, (ii) violate, conflict with or result in the breach of any of the terms of, result in any modification of the effect of, otherwise give any other contracting party the right to terminate or constitute (or with notice or lapse of time or both, constitute) a default under, any contract to which the Company is a party or by or to which its properties may be bound or subject, (iii) violate any order, judgment, injunction, award or decree of any arbitrator or Governmental Entity, or any agreement with, or condition imposed by, any arbitrator or Governmental Entity, binding upon, the Company, (iv) violate any Applicable Law or (v) result in a breach or violation of any of the terms or conditions of, constitute a default under, or otherwise cause an impairment of, any license or authorization related to the Company’s business or necessary to enable the Company to perform its obligations under this Agreement, except for any such violations, conflicts or breaches which would not individually or in the aggregate reasonably be expected to have a material adverse effect on the Company’s ability to perform its obligations under this Agreement.

(e) Brokers and Financial Advisers. No broker, finder or financial adviser has acted directly or indirectly as such for, or is entitled to any compensation from, the Company in connection with this Agreement or the transactions contemplated hereby.

ARTICLE XIV

GENERAL PROVISIONS

Section 14.1 Errors and Omissions. If any delay, omission, error or failure to pay amounts due or to perform any other act required by this Agreement is caused by mistake, misunderstanding or oversight, the Parties will equitably adjust the situation to what it would have been had the mistake, misunderstanding or oversight not occurred, and the reinsurance provided hereunder will not be invalidated. Should it not be possible to adjust the situation, it will be resolved in accordance with dispute resolution procedures mutually selected by the Parties.

Section 14.2 Offset and Recoupment. The Company or the Reinsurer may offset or recoup any undisputed balance or amount due from one Party to the other Party under this Agreement; provided, that in the event of the insolvency of the Company, offsets shall only be allowed in accordance with New York Insurance Law Section 7427. The right of setoff shall not be affected or diminished because of the insolvency of either Party.

 

37


Section 14.3 Expenses. Except as otherwise provided in this Agreement each Party shall bear its own costs and expenses incurred in connection with the transactions contemplated by this Agreement. All transfer, sales, use, value added, excise, stock transfer, documentary, stamp, recording, registration and any similar taxes that become payable as a result of the allocation of the Initial Reinsurance Assets to the Funds Withheld Account (including any real property transfer tax and any similar tax) shall be borne fifty percent (50%) by the Company and fifty percent (50%) by the Reinsurer.

Section 14.4 Parties to this Agreement. This is an agreement for indemnity reinsurance solely between the Company and the Reinsurer. The performance of the obligations of each Party under this Agreement shall be rendered solely to the other Party. The acceptance of risks under this Agreement shall create no right or legal relationship between the Reinsurer and the insured, owner or beneficiary of any insurance policy or other contract of the Company.

Section 14.5 Authority. Neither the Company nor the Reinsurer shall have any power or authority to act for or on behalf of the other except as expressly granted herein or in the Administrative Services Agreement or Transition Services Agreement, and no other or greater power or authority shall be implied by the grant or denial of power or authority specifically mentioned herein. No employee or agent of either Party shall be considered an employee or agent of the other.

Section 14.6 No Assignment. This Agreement may not be assigned by either of the Parties hereto without the prior written approval of the other Party. Notwithstanding the foregoing, the Reinsurer shall not be prohibited from further transfer of risks accepted hereunder on a retrocession or other basis without the prior approval of the Company; provided that any transfer shall not relieve the Reinsurer of its obligations under this Agreement.

Section 14.7 Notices. Any notice, approval, request, consent, instruction, or other document to be given hereunder by any Party hereto to the other Party hereto will be delivered by personal delivery, overnight express or facsimile (followed by telephone confirmation with the intended recipient), as follows:

If to the Company, to:

Aviva Life and Annuity Company of New York

7700 Mills Civic Parkway

West Des Moines, Iowa 50266

Telephone: (515) 342-4588

Facsimile: (877) 522-2003

Attention: Richard C. Cohan

Email: rich.cohan@avivausa.com

with a copy (which shall not constitute notice) to:

Aviva Life and Annuity Company

c/o Athene Asset Management LLC

841 Apollo Street, Suite 150

 

38


El Segundo, California 90245

Telephone: (310) 698-4481

Fax: (310) 698-4492

Attention: Chief Executive Officer and Legal Department

Email: jbelardi@athene.com; legal@athene.com

and

Sidley Austin LLP

1 South Dearborn

Chicago, Illinois 60603

Telephone:       (312) 853-7061

Facsimile:        (312) 853-7036

Attn:    Perry J. Shwachman, Esq.

and

Sidley Austin LLP

787 Seventh Avenue

New York, New York 10019

Telephone:       (212) 839-5835

Facsimile:        (212) 839-5599

Attn:    Jonathan J. Kelly, Esq.

If to the Reinsurer, to:

First Allmerica Financial Life Insurance Company

c/o Commonwealth Annuity and Life Insurance Company

132 Turnpike Road Suite 210

Southborough, Massachusetts 01772

Telephone:       (508) 460-2408

Facsimile:        (212) 493-9888

Attn:    Scott Silverman, Esq.

with a copy (which shall not constitute notice) to:

Debevoise & Plimpton LLP

919 Third Avenue

New York, New York 10022

Telephone:      (212) 909 6647

Facsimile:       (212) 909 6836

Attn:    John M. Vasily, Esq.

            Thomas M. Kelly, Esq.

or at such other address for a Party as will be specified by like notice. Each notice or other communication required or permitted under this Agreement that is addressed as provided in this Section 14.7 will be deemed given upon delivery.

 

39


Section 14.8 Severability. If any provision of this Agreement is held to be illegal, invalid, or unenforceable under any present or future law, and if the rights or obligations of the Company or the Reinsurer under this Agreement will not be materially and adversely affected thereby, (a) such provision will be fully severable, (b) this Agreement will be construed and enforced as if such illegal, invalid, or unenforceable provision had never comprised a part hereof, (c) the remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision or by its severance from this Agreement, and (d) in lieu of such illegal, invalid or unenforceable provision, there will be added automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible.

Section 14.9 Announcements. Except as required by Applicable Law or in connection with public disclosure to investors or analysts, the content and timing of public announcements by either Party concerning the transactions contemplated by this Agreement must be approved in advance by both Parties, but such approval shall not be unreasonably withheld, conditioned or delayed.

Section 14.10 Schedules, Annexes and Exhibits. All Schedules, Annexes and Exhibits to this Agreement are attached hereto and are incorporated herein by reference. The provisions of this Agreement (without reference to any attached Schedules, Annexes and Exhibits) shall be deemed to control in the event of any inconsistency or conflict between the provisions of this Agreement (without reference to any attached Schedules, Annexes and Exhibits) and the Schedules, Annexes and Exhibits attached hereto.

Section 14.11 Entire Agreement. This Agreement (including all Exhibits, Annexes and Schedules hereto), and the Other Transaction Agreements constitute the entire agreement, and supersede all prior agreements, understandings, representations and warranties, both written and oral, between the Parties with respect to the subject matter of this Agreement and such other agreements. Except as set forth in Sections 11.1 and 11.2 with respect to the Reinsurer Indemnified Parties and the Company Indemnified Parties, this Agreement is not intended to and shall not confer upon any Person other than the Parties hereto and their respective heirs, executors, administrators, successors, legal representatives and permitted assigns any rights or remedies.

Section 14.12 Binding Effect. This Agreement is binding upon, and will inure to the benefit of, the Parties and their respective permitted assignees and successors (including any liquidator, rehabilitator, receiver or conservator of a Party).

Section 14.13 Waiver and Amendment. This Agreement may be modified or amended only by a writing duly executed by the Company and the Reinsurer. Any term or condition of this Agreement may be waived at any time by the Party that is entitled to the benefit thereof. A waiver must be in writing and must be executed by such Party. A waiver on any occasion shall not be deemed to be a waiver of the same or any term or condition on a future occasion.

Section 14.14 Headings. The headings in this Agreement are for reference purposes only and shall not affect the interpretation of this Agreement.

 

40


Section 14.15 Counterparts. This Agreement may be executed simultaneously in any number of counterparts, each of which will be deemed an original, but all of which will constitute one and the same instrument.

Section 14.16 No Prejudice. The Parties agree that this Agreement has been jointly negotiated and drafted by the Parties hereto and that the terms hereof shall not be construed in favor of or against any Party on account of its participation in such negotiations and drafting.

Section 14.17 Governing Law; Jurisdiction; Enforcement.

(a) This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to the principles of conflicts of law rules thereof.

(b) Subject to Section 10.1 and Section 10.2, each party hereby irrevocably and unconditionally submits to the exclusive jurisdiction of the United States District Court for the Southern District of New York and of any New York state court sitting in New York County, for purposes of all legal proceedings arising out of or relating to this Agreement, or the transactions contemplated by this Agreement, or for recognition and enforcement of any judgment in respect thereof. In any such action, suit or other proceeding, each party hereby irrevocably waives, to the fullest extent permitted by Applicable Law, any objection that it may now or hereafter have to the laying of the venue of any such proceedings brought in such court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. Each party also agrees that any final and unappealable judgment against a party in connection with any action, suit or other proceeding shall be conclusive and binding on such party and that such award or judgment may be enforced in any court of competent jurisdiction, either within or outside of the United States. A certified or exemplified copy of such award or judgment shall be conclusive evidence of the fact and amount of such award or judgment. Each party agrees that any process or other paper to be served in connection with any action or proceeding under this Agreement shall, if delivered, sent or mailed in accordance with Section 14.7, constitute good, proper and sufficient service thereof.

(c) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION, ACTION, PROCEEDING, OR COUNTERCLAIM (WHETHER BASED IN CONTRACT, TORT OR OTHERWISE) DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT CONTEMPLATED HEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (B) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH PARTY MAKES THIS WAIVER VOLUNTARILY AND (D) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 14.17.

 

41


Section 14.18 Further Assurances. Each Party shall take, or cause to be taken, any and all reasonable actions, including the execution, acknowledgment, filing and delivery of any and all documents and instruments that the other Party may reasonably request in order to effect the intent and purpose of this Agreement and the transactions contemplated hereby.

[Remainder of page intentionally left blank]

 

42


IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective duly authorized officers, effective as of the date first written above.

 

AVIVA LIFE AND ANNUITY COMPANY OF NEW YORK
By:   LOGO
 

 

Name:   W. JEFFREY HENG

Title:

  SVP

Signature Page to Non-Financed Funds Withheld Agreement


FIRST ALLMERICA FINANCIAL LIFE INSURANCE COMPANY
By:   LOGO
 

 

Name:   Nicholas H. von Moltke
Title:   President and Chief Executive Officer

Signature Page to Non-Financed Funds Withheld Agreement


Schedule 1.1(i)

Assumed Reinsurance Agreements

None.


Schedule 1.1(ii)

Other Reinsurance

 

1. Automatic/Facultative YRT Reinsurance Agreement, by and between ALACNY and RGA, dated as of August 18, 2008.

 

2. Automatic Yearly Renewable Term Reinsurance Agreement, by and between ALACNY and Canada Life, dated as of August 18, 2008.

 

3. Automatic Yearly Renewable Term Reinsurance Agreement, by and between ALACNY and General Re, dated as of April 1, 2009.

 

4. Automatic Yearly Renewable Term Reinsurance Agreement, by and between ALACNY and Hannover, dated as of August 16, 2010.

 

5. Automatic/Facultative YRT Reinsurance Agreement, by and between ALACNY and RGA, dated as of November 8, 2008.

 

6. Automatic Yearly Renewable Term Reinsurance Agreement, by and between ALACNY and Canada Life, dated as of November 8, 2008.

 

7. Automatic Yearly Renewable Term Reinsurance Agreement, by and between ALACNY and Canada Life, dated August 18, 2008.

 

8. Automatic YRT Reinsurance Agreement, by and between ALACNY and Scor, dated as of August 16, 2010.

 

9. Automatic Self Administered YRT Reinsurance Agreement, by and between ALACNY and Swiss Re, dated as of January 25, 2010.

 

10. Auto Self Administered YRT Reinsurance Agreement, by and between ALACNY and Swiss Re, dated as of August 16, 2010.


Section 2.11

Existing Interest Maintenance Reserve (Non-Financed NLG)

The Parties will work together to develop the IMR amortization schedule based upon the actual disposal information, producing an amortization schedule to be added to this agreement. At the time of this agreement’s execution, the best estimates of IMR are

IMR (based on 8/31 experience): $1,480,203


Annex A

List of Initial Reinsurance Assets1

[See attached.]

 

1  This Annex was prepared in accordance with the “GA_Master Report_Finalv3.xlsx” sent by Gina Cunningham on Wednesday October 2, 2013 at 9:58 a.m. EST. If there are any typographical or manifest errors, parties will work together to correct the Annex after the Effective Time.


Annex A (List of Initial Reinsurance Assets)    ALACNY - FAFLIC Non-Financed AXXX/XXX

 

Available?

 

Unique ID

 

Maturity Date

 

Sec ID

 

Description

 

Original Face

 

9/26/13 Par
Value

 

9/26/13 Stat. Book
Value

 

9/26/13 Market
Value

 

Accrued
Interest

Available

  055451AH1-1-526   01-Apr-19   055451AH1   BHP BILLITON FINANCE (USA) LTD   3,000,000.00   3,000,000.00   2,993,946.54   3,595,821.00   95,333.33

Available

  05950WAF5-1-526   10-Jul-46   05950WAF5   BANC OF AMERICA COMMERCIAL MOR   6,000,000.00   6,000,000.00   5,992,346.11   6,582,402.00   24,414.00

Available

  07387MAE9-1-526   11-Mar-39   07387MAE9   BEAR STEARNS COMMERCIAL MORTGA   6,000,000.00   6,000,000.00   5,986,530.12   6,506,490.00   24,310.00

Available

  14170TAB7-1-513   01-Aug-19   14170TAB7   CAREFUSION CORP   1,000,000.00   1,000,000.00   989,072.92   1,144,714.00   9,916.67

Available

  14912L4D0-4-513   01-Oct-18   14912L4D0   CATERPILLAR FINANCIAL SERVICES   2,000,000.00   2,000,000.00   2,003,899.37   2,457,850.00   69,325.00

Available

  14912L4D0-1-525   01-Oct-18   14912L4D0   CATERPILLAR FINANCIAL SERVICES   2,000,000.00   2,000,000.00   2,003,899.37   2,457,850.00   69,325.00

Available

  14912L4D0-1-526   01-Oct-18   14912L4D0   CATERPILLAR FINANCIAL SERVICES   2,000,000.00   2,000,000.00   2,003,899.37   2,457,850.00   69,325.00

Available

  14912L4D0-1-527   01-Oct-18   14912L4D0   CATERPILLAR FINANCIAL SERVICES   2,000,000.00   2,000,000.00   2,003,899.37   2,457,850.00   69,325.00

Available

  205887AX0-1-529   15-Sep-30   205887AX0   CONAGRA FOODS INC   1,000,000.00   1,000,000.00   1,294,798.85   1,272,049.00   2,750.00

Available

  24422EQF9-1-527   13-Apr-17   24422EQF9   JOHN DEERE CAPITAL CORP   3,000,000.00   3,000,000.00   2,992,862.02   3,383,691.00   75,166.67

Available

  251799AA0-4-513   15-Apr-32   251799AA0   DEVON ENERGY CORPORATION   2,300,000.00   2,300,000.00   2,668,908.61   3,000,333.90   82,282.50

Available

  25468PCR5-1-529   01-Dec-41   25468PCR5   WALT DISNEY COMPANY (THE)   3,000,000.00   3,000,000.00   2,965,833.60   2,788,764.00   39,875.00

Available

  26441YAT4-1-526   15-Aug-19   26441YAT4   DUKE REALTY LP   1,000,000.00   1,000,000.00   999,717.05   1,244,023.00   9,625.00

Available

  26884AAY9-1-527   15-Jul-20   26884AAY9   ERP OPERATING LIMITED PARTNERS   3,000,000.00   3,000,000.00   2,983,018.01   3,239,349.00   40,375.00

Available

  278865AM2-1-526   08-Dec-41   278865AM2   ECOLAB INC   5,000,000.00   5,000,000.00   4,949,374.36   5,405,770.00   83,263.89

Available

  316773CH1-1-526   01-Mar-38   316773CH1   FIFTH THIRD BANCORP   2,000,000.00   2,000,000.00   1,592,563.43   2,575,302.00   11,916.67

Available

  36962G3P7-1-526   14-Jan-38   36962G3P7   GENERAL ELECTRIC CAPITAL CORP   3,000,000.00   3,000,000.00   2,993,153.84   3,311,754.00   35,739.58

Available

  36962G4B7-1-526   10-Jan-39   36962G4B7   GENERAL ELECTRIC CAPITAL CORP   2,000,000.00   2,000,000.00   1,970,974.10   2,473,974.00   29,409.72

Available

  37247DAL0-1-526   15-Dec-16   37247DAL0   GENWORTH FINANCIAL INC   2,000,000.00   2,000,000.00   1,997,512.93   2,371,132.00   48,875.00

Available

  38141GFD1-2-513   01-Oct-37   38141GFD1   GOLDMAN SACHS GROUP INC/THE   2,675,000.00   2,675,000.00   2,779,975.99   2,825,787.08   88,275.00

Available

  413875AN5-1-513   15-Dec-40   413875AN5   HARRIS CORPORATION   5,000,000.00   5,000,000.00   5,191,349.26   5,402,070.00   87,125.00

Available

  427866AE8-1-526   15-Feb-21   427866AE8   HERSHEY COMPANY THE   1,000,000.00   1,000,000.00   1,038,175.60   1,304,331.00   10,266.67

Available

  456866AG7-1-526   15-Aug-21   456866AG7   INGERSOLL-RAND CO.   1,000,000.00   1,000,000.00   1,028,137.83   1,273,876.00   10,500.00

Available

  459056JS7-1-525   01-Sep-16   459056JS7   INTERNATIONAL BANK FOR RECONST   1,000,000.00   1,000,000.00   974,589.92   1,208,435.00   5,958.33

Available

  459200AP6-2-528   01-Dec-96   459200AP6   INTERNATIONAL BUSINESS MACHINE   2,000,000.00   2,000,000.00   2,285,321.39   2,713,696.00   45,916.67

Available

  459200AP6-1-529   01-Dec-96   459200AP6   INTERNATIONAL BUSINESS MACHINE   2,000,000.00   2,000,000.00   2,284,225.01   2,713,696.00   45,916.67

Available

  46625YQR7-1-526   12-Sep-37   46625YQR7   JP MORGAN CHASE COMMERCIAL MOR   9,500,000.00   9,500,000.00   9,405,278.91   10,009,798.50   33,585.14

Available

  46629GAE8-1-513   12-May-45   46629GAE8   JP MORGAN CHASE COMMERCIAL MOR   4,000,000.00   3,937,184.57   3,721,958.04   4,319,182.03   15,787.24

Available

  50179MAE1-1-526   15-Sep-39   50179MAE1   LB-UBS COMMERCIAL MORTGAGE TRU   5,000,000.00   5,000,000.00   4,695,147.74   5,501,105.00   11,937.78

Available

  546268AG8-1-513   01-Dec-23   546268AG8   LOUISIANA LAND AND EXPLORATION   2,000,000.00   2,000,000.00   1,939,672.87   2,582,862.00   49,300.00

Available

  565849AB2-1-526   15-Mar-32   565849AB2   MARATHON OIL CORP   2,900,000.00   2,900,000.00   2,956,608.39   3,437,892.00   6,573.33

Available

  58013MEF7-2-513   01-Mar-38   58013MEF7   MCDONALDS CORPORATION   2,235,000.00   2,235,000.00   2,646,321.86   2,780,514.33   10,169.25

Available

  61754JAF5-1-526   11-Jun-42   61754JAF5   MORGAN STANLEY CAPITAL I MSC_0   4,000,000.00   4,000,000.00   4,059,247.88   4,522,364.00   16,800.25

Available

  61757LAE0-2-526   11-Jan-43   61757LAE0   MORGAN STANLEY CAPITAL I MSC_0   11,496,000.00   11,496,000.00   11,557,432.99   13,376,860.56   53,629.83

Available

  655664AH3-1-526   15-Mar-28   655664AH3   NORDSTROM INC   2,000,000.00   2,000,000.00   2,018,110.88   2,465,212.00   4,633.33

Available

  694308GE1-1-513   01-Mar-34   694308GE1   PACIFIC GAS & ELECTRIC CO   2,500,000.00   2,500,000.00   2,403,628.67   2,784,850.00   10,923.61

Available

  70213BAA9-1-524   01-Jun-20   70213BAA9   PARTNERRE FINANCE B LLC   1,000,000.00   1,000,000.00   999,027.84   1,093,406.00   17,722.22

Available

  718507BH8-1-527   15-Jul-18   718507BH8   CONOCOPHILLIPS   3,000,000.00   3,000,000.00   3,001,306.71   3,618,510.00   39,900.00

Available

  74340XAN1-6-526   30-Oct-19   74340XAN1   PROLOGIS LP   2,000,000.00   2,000,000.00   1,996,030.17   2,450,422.00   60,229.17

Available

  74432QBG9-1-526   15-Jun-19   74432QBG9   PRUDENTIAL FINANCIAL INC   2,000,000.00   2,000,000.00   2,029,931.20   2,472,012.00   41,791.67

Available

  760759AN0-1-513   15-May-41   760759AN0   REPUBLIC SERVICES INC   3,000,000.00   3,000,000.00   2,983,226.03   3,217,602.00   62,700.00

Available

  760759AN0-1-526   15-May-41   760759AN0   REPUBLIC SERVICES INC   3,000,000.00   3,000,000.00   2,983,226.03   3,217,602.00   62,700.00

Available

  780641AH9-1-513   01-Oct-30   780641AH9   KONINKLIJKE KPN NV   1,000,000.00   1,000,000.00   1,257,101.13   1,279,597.00   40,944.44

Available

  806605AG6-1-526   01-Dec-33   806605AG6   MERCK & CO INC   3,000,000.00   3,000,000.00   3,352,476.98   3,816,744.00   62,833.33

Available

  822582AD4-1-513   15-Dec-38   822582AD4   SHELL INTERNATIONAL FINANCE BV   2,000,000.00   2,000,000.00   2,258,608.08   2,497,876.00   36,125.00

Available

  842400FF5-1-526   15-Jan-37   842400FF5   SOUTHERN CALIFORNIA EDISON COM   3,800,000.00   3,800,000.00   3,781,472.05   4,253,005.60   42,180.00

Available

  867914AH6-1-513   15-Feb-26   867914AH6   SUNTRUST BANKS INC   3,000,000.00   3,000,000.00   2,882,040.01   3,190,659.00   21,000.00

Available

  87236YAA6-1-524   01-Dec-19   87236YAA6   TD AMERITRADE HOLDING CORPORAT   1,000,000.00   1,000,000.00   1,009,363.19   1,163,615.00   18,044.44

Available

  88163VAD1-1-526   01-Feb-36   88163VAD1   TEVA PHARMACEUTICAL FINANCE LL   2,850,000.00   2,850,000.00   2,871,483.21   3,291,191.40   27,265.00

Available

  8935268Z9-1-526   15-Jan-39   8935268Z9   TRANSCANADA PIPELINES LIMITED   3,957,000.00   3,957,000.00   4,560,512.96   5,290,006.46   60,344.25

Available

  911308AA2-1-513   01-Apr-20   911308AA2   UNITED PARCEL SERVICE OF AMERI   2,000,000.00   2,000,000.00   2,026,373.60   2,604,080.00   81,888.89

 

Page 1 of 2


Annex A (List of Initial Reinsurance Assets)    ALACNY - FAFLIC Non-Financed AXXX/XXX

 

 

Available?

 

Unique ID

 

Maturity Date

 

Sec ID

 

Description

 

Original Face

 

9/26/13 Par
Value

 

9/26/13 Stat. Book
Value

 

9/26/13 Market
Value

 

Accrued
Interest

Available

  91159HHB9-1-525   15-Nov-16   91159HHB9   US BANCORP   17,000,000.00   17,000,000.00   16,972,175.82   17,501,942.00   137,133.33

Available

  91913YAE0-1-513   15-Apr-32   91913YAE0   VALERO ENERGY CORPORATION   2,500,000.00   2,500,000.00   2,715,756.15   2,924,780.00   84,375.00

Available

  92857TAH0-1-526   15-Feb-30   92857TAH0   VODAFONE GROUP PLC   3,000,000.00   3,000,000.00   2,965,941.49   3,791,769.00   27,562.50

Available

  931142BF9-1-513   15-Feb-30   931142BF9   WAL-MART STORES INC   2,000,000.00   2,000,000.00   2,427,088.77   2,686,728.00   17,616.67

Available

  93976AAH5-1-513   01-Jul-40   93976AAH5   WASHINGTON ST CONV CENTER PUBL   4,250,000.00   4,250,000.00   4,250,000.00   4,714,440.00   68,937.36

Available

  94973VBB2-1-513   15-Jan-43   94973VBB2   WELLPOINT INC   3,424,000.00   3,424,000.00   3,262,721.65   3,155,760.42   31,843.20

Available

  962166AS3-1-526   15-Jul-23   962166AS3   WEYERHAEUSER COMPANY   1,700,000.00   1,700,000.00   1,749,708.90   1,985,023.70   24,225.00

Available

  98389BAH3-1-513   01-Jul-36   98389BAH3   XCEL ENERGY INC   2,500,000.00   2,500,000.00   2,483,244.05   3,016,802.50   38,819.44

 

Page 2 of 2


Annex B

Net Settlements

[See attached.]


Monthly Accounting Report

For the Monthly Accounting Period ending on                     

 

Section 1: Policy cash flows to/(from) Ceding Company (gross)        

First Year Premium (net of returns and refunds of premiums)

      $ —       

Renewal Premium (net of returns and refunds of premiums, including dividends)

        —       
     

 

 

   

A TOTAL Premium

          —     

Full / Partial Surrenders, net of surrender charges

        —       

Death Claims

        —       

Matured Endowments

        —       

Waiver of Premium and other benefit riders

        —       
     

 

 

   

B TOTAL Claims

          —     

Premiums received on third-party reinsurance

        —       

Claims paid on third-party reinsurance

        —       

Commissions / expense allowances on third-party reinsurance

        —       

Other Benefits paid/received on third-party reinsurance

        —       
     

 

 

   

C Net third-party reinsurance

          —     

Renewal commissions

        —       
     

 

 

   

D Total commissions

          —     
Section 2: Policy cash flows due to / (owed from) Reinsurer        

E Net Policy Cash Flows (A - B +/- C - D)

          —     

x Quota Share

          100
       

 

 

 

F Reinsurer Share of Net Policy Cash Flows

          —     

G Net Settlement Amounts paid to/(by) Reinsurer during Period

       
   MM/DD/YYYY      —       
     

 

 

   
          —     
       

 

 

 

H Policy Cash Flows due to/(owed from) Reinsurer (F - G)

          —     
       

 

 

 
Section 3 Quarterly Net Settlement Amount owed to / (from) Reinsurer        

I Policy Cash Flows

          —     

Premiums Received

        —       

x 1.8%

        1.80  
     

 

 

   

Premium Tax Allowance:

        —       

- Premium Tax Allowance Prior Year True-up

        —       

Guarantee Assessments Paid by the Company

        —       

J Total Premium Taxes / Guarantee Assessments

          —     

K Miscellaneous

       

a. Producer Payments and Commissions

          —     
       

 

 

 

L Quarterly Net Settlement Amount owed to / (from) Reinsurer

          —     
       

 

 

 
Section 4.1: Funds Withheld Account        

M Statutory Carrying Value of Assets at Beginning Month

        $ —     

N Investment Income

          —     

O GSAM Investment Management Fees

          —     


P Realized Gains / (Losses)

           —     

Q Changes in Unrealized Gains for NAIC 6

           —     

R Statutory Impairments / Default Losses Realized

           —     
   MM/DD/YYYY      —        
   MM/DD/YYYY      —        
   MM/DD/YYYY      —        
   MM/DD/YYYY      —        
     

 

 

    


S Cash or other assets transferred (to) / from Reinsurer

           —     
     MM/DD/YYYY         —        
     MM/DD/YYYY         —        
     MM/DD/YYYY         —        
     MM/DD/YYYY         —        
     

 

 

    

T Cash or other assets transferred (to) / from Reinsurer_Retrocessionaire

           —     

U Statutory Carrying Value of Assets at End of Month

           —     

(M + N - O +/- P +/- Q +/- R +/- S +/- T )

        

Assigned Hedge Costs

        —        

Assigned Hedge Proceeds

        —        
     

 

 

    

V Net hedge (costs) / proceeds due to/(from) Reinsurer

           —     

Policy Loan Interest Received

        —        

Policy Loan Principal Repayments

        —        

Less: Policy Loans Issued / Adjusted

        —        
     

 

 

    

W TOTAL Policy Loans

           —     
Section 5: Calculation of Funds Withheld Adjustment         

X Total Funds Withheld Account

           —     

(U +/- V +/- W)

        

Y Amounts still owed from prior settlement

           —     

Z Ending Statutory Reserves

           —     

AA Funds Withheld Adjustment due from / (to) the Reinsurer

           —     

(Z - X +/- Y)

        
        

 

 

 

AB Net Amount to Transfer (AA - L)

           —     
        

 

 

 


Annex C

EI Hedges

[See attached.]

 

2


All EI Hedges have been included on Annex C of the Coinsurance and Assumption Agreement, dated as the date hereof, by and between the Company and the Reinsurer. After the Effective Date, some of those EI Hedges may be allocated to this Agreement and that certain Funds Withheld Coinsurance Agreement, dated as the date hereof, by and between the Company and the Reinsurer.


Annex D

Life Reference Balance Sheet

[See attached.]

 

3


ALACNY Financed - US Bank Reference Balance Sheet

Assets and liabilities for ALACNY to transfer to FAFLIC

Illustrative, based on 8/31/2013 ALACNY balances

Debit (Credit)

 

     US Bank  
     Funds Withheld Treaty  

Cash

     1,112,503   

Deferred premium

     646,476   

Funds withheld receivable

     187,114,613   
  

 

 

 

Total assets

     188,873,592   

Life reserves - Statutory Reserve

     (187,114,613

Claim liability

     (278,776

Existing interest maintenance reserve

     (1,480,203
  

 

 

 

Total liabilities

     (188,873,592
  

 

 

 

Liabilities transferred in excess of assets transferred

     —     
  

 

 

 

 

US Bank    ALACNY - Life Reference Balance Sheet (Non-Financed NLB).xlsx    Distributed 9/24/2013


Annex E

Additional Life Reference Balance Sheet Assets

None.


Annex F

Policy List

[See attached.]

 

5


ALACNY Policy Listings — 2010-12 Block AXXX

 

BL28902580   BL28904510   BL06260110   BL06265060   BL06267990   BL06270860   BL06273880   BL06276810
BL28902590   BL28904530   BL06260150   BL06265130   BL06268000   BL06270880   BL06273950   BL06276820
BL28902630   BL28904650   BL06260200   BL06265140   BL06268050   BL06271000   BL06274180   BL06276860
BL28902680   BL28904660   BL06260340   BL06265150   BL06268060   BL06271070   BL06274190   BL06276890
BL28902750   BL28904700   BL06260370   BL06265160   BL06268130   BL06271160   BL06274380   BL06276900
BL28902770   BL28904840   BL06260400   BL06265330   BL06268160   BL06271170   BL06274440   BL06276930
BL28902860   BL28904860   BL06260410   BL06265430   BL06268170   BL06271190   BL06274480   BL06276960
BL28902930   BL28904890   BL06260760   BL06265440   BL06268190   BL06271230   BL06274580   BL06276970
BL28902970   BL28904920   BL06260930   BL06265450   BL06268210   BL06271240   BL06274640   BL06277010
BL28902990   BL28904940   BL06260990   BL06265460   BL06268400   BL06271400   BL06274650   BL06277070
BL28903060   BL28904960   BL06261010   BL06265500   BL06268460   BL06271410   BL06274660   BL06277080
BL28903090   BL28904970   BL06261190   BL06265590   BL06268490   BL06271420   BL06274790   BL06277110
BL28903100   BL28905000   BL06261300   BL06265630   BL06268550   BL06271430   BL06274850   BL06277130
BL28903120   BL28905030   BL06261310   BL06265690   BL06268680   BL06271450   BL06274860   BL06277180
BL28903160   BL28905060   BL06261350   BL06265720   BL06268690   BL06271490   BL06274870   BL06277230
BL28903180   BL28905090   BL06261400   BL06265760   BL06268740   BL06271510   BL06274880   BL06277240
BL28903210   BL28905140   BL06261410   BL06265790   BL06268770   BL06271520   BL06274920   BL06277250
BL28903240   BL28905190   BL06261420   BL06265820   BL06268820   BL06271630   BL06274980   BL06277280
BL28903280   BL28905210   BL06261540   BL06265880   BL06268920   BL06271650   BL06275110   BL06277290
BL28903310   BL28905240   BL06261610   BL06265930   BL06268950   BL06271720   BL06275140   BL06277310
BL28903330   BL28905270   BL06261620   BL06265950   BL06269020   BL06271750   BL06275180   BL06277340
BL28903350   BL28905290   BL06261660   BL06265980   BL06269060   BL06271770   BL06275190   BL06277430
BL28903390   BL28905310   BL06261760   BL06266010   BL06269150   BL06271820   BL06275230   BL06277440
BL28903400   BL28905330   BL06261770   BL06266050   BL06269180   BL06271840   BL06275270   BL06277490
BL28903440   BL28905370   BL06261870   BL06266060   BL06269200   BL06271870   BL06275340   BL06277510
BL28903480   BL28905380   BL06261940   BL06266080   BL06269210   BL06271890   BL06275350   BL06277610
BL28903520   BL28905400   BL06262030   BL06266090   BL06269290   BL06271910   BL06275370   BL06277620
BL28903580   BL28905410   BL06262360   BL06266100   BL06269310   BL06272030   BL06275390   BL06277740
BL28903600   BL28905510   BL06262400   BL06266150   BL06269380   BL06272050   BL06275410   BL06277750
BL28903610   BL28905530   BL06262440   BL06266170   BL06269390   BL06272120   BL06275420   BL06277780
BL28903620   BL28905570   BL06262600   BL06266180   BL06269400   BL06272180   BL06275440   BL06277820
BL28903670   BL28905590   BL06263010   BL06266200   BL06269430   BL06272210   BL06275450   BL06277830
BL28903680   BL28905630   BL06263030   BL06266260   BL06269500   BL06272270   BL06275470   BL06277860
BL28903710   BL28905660   BL06263040   BL06266350   BL06269570   BL06272280   BL06275490   BL06278270
BL28903730   BL28905710   BL06263100   BL06266370   BL06269600   BL06272340   BL06275640   BL06278300
BL28903830   BL28905720   BL06263150   BL06266380   BL06269610   BL06272430   BL06275710   BL06278310
BL28903850   BL28905740   BL06263180   BL06266410   BL06269680   BL06272590   BL06275720   BL06278340
BL28903880   BL28905760   BL06263260   BL06266420   BL06269690   BL06272680   BL06275750   BL06278360
BL28903900   BL28905790   BL06263690   BL06266450   BL06269740   BL06272810   BL06275840   BL06278470
BL28903930   BL28905800   BL06263710   BL06266550   BL06269840   BL06272850   BL06275950   BL06278480
BL28903940   BL28905890   BL06263760   BL06266620   BL06269850   BL06272860   BL06275960   BL06278550
BL28903970   BL28905900   BL06263770   BL06266670   BL06269870   BL06272890   BL06275970   BL06278620
BL28903980   BL28905910   BL06263790   BL06266820   BL06269900   BL06272950   BL06276020   BL06278630
BL28904000   BL28905920   BL06263800   BL06266830   BL06269980   BL06272990   BL06276090   BL06278660
BL28904010   BL28906020   BL06263930   BL06266850   BL06270000   BL06273040   BL06276110   BL06278700
BL28904040   BL28906070   BL06263990   BL06267000   BL06270040   BL06273050   BL06276170   BL06278720
BL28904050   BL28906090   BL06264110   BL06267040   BL06270050   BL06273140   BL06276180   BL06278730
BL28904070   BL28906160   BL06264320   BL06267120   BL06270120   BL06273160   BL06276190   BL06278750
BL28904090   BL28906170   BL06264390   BL06267150   BL06270370   BL06273170   BL06276270   BL06278770
BL28904110   BL28906240   BL06264410   BL06267250   BL06270430   BL06273230   BL06276300   BL06278800
BL28904120   BL28906280   BL06264420   BL06267290   BL06270440   BL06273270   BL06276380   BL06278820
BL28904140   BL28906310   BL06264440   BL06267340   BL06270450   BL06273280   BL06276400   BL06278850
BL28904170   BL28906340   BL06264480   BL06267360   BL06270460   BL06273380   BL06276550   BL06278880
BL28904210   BL28906370   BL06264620   BL06267370   BL06270520   BL06273390   BL06276580   BL06278890
BL28904230   BL28906410   BL06264780   BL06267410   BL06270560   BL06273440   BL06276590   BL06278920
BL28904250   BL28906420   BL06264820   BL06267450   BL06270650   BL06273500   BL06276600   BL06278930
BL28904280   BL28906460   BL06264850   BL06267540   BL06270660   BL06273530   BL06276610   BL06278940
BL28904300   BL28906530   BL06264870   BL06267570   BL06270670   BL06273610   BL06276620   BL06278960
BL28904320   BL28906640   BL06264890   BL06267580   BL06270700   BL06273640   BL06276630   BL06279000
BL28904370   BL06259380   BL06264940   BL06267750   BL06270720   BL06273740   BL06276640   BL06279040
BL28904410   BL06259570   BL06265010   BL06267760   BL06270810   BL06273750   BL06276700   BL06279070
BL28904460   BL06259630   BL06265040   BL06267800   BL06270850   BL06273870   BL06276720   BL06279080

 

1


ALACNY Policy Listings — 2010-12 Block AXXX

 

BL06279120   BL06281820   BL06283790   BL06286010   BL06288880   BL06291290   BL06293810   BL06295460
BL06279150   BL06281870   BL06283800   BL06286190   BL06288890   BL06291310   BL06293890   BL06295470
BL06279160   BL06281910   BL06283820   BL06286280   BL06288910   BL06291320   BL06293920   BL06295500
BL06279170   BL06281920   BL06283850   BL06286510   BL06288920   BL06291410   BL06293930   BL06295520
BL06279190   BL06281930   BL06283860   BL06286590   BL06288960   BL06291430   BL06293970   BL06295530
BL06279220   BL06281950   BL06283910   BL06286600   BL06288980   BL06291500   BL06294000   BL06295560
BL06279380   BL06282060   BL06284080   BL06286720   BL06289130   BL06291570   BL06294010   BL06295600
BL06279460   BL06282200   BL06284110   BL06286730   BL06289290   BL06291640   BL06294040   BL06295610
BL06279470   BL06282210   BL06284130   BL06286800   BL06289410   BL06291740   BL06294050   BL06295720
BL06279630   BL06282250   BL06284150   BL06286860   BL06289420   BL06291750   BL06294060   BL06295800
BL06279650   BL06282390   BL06284160   BL06286920   BL06289430   BL06291770   BL06294130   BL06295840
BL06279660   BL06282400   BL06284190   BL06286940   BL06289440   BL06291780   BL06294160   BL06295850
BL06279700   BL06282440   BL06284280   BL06286970   BL06289450   BL06291900   BL06294180   BL06296000
BL06279790   BL06282450   BL06284370   BL06287040   BL06289490   BL06291920   BL06294240   BL06296050
BL06279810   BL06282460   BL06284380   BL06287080   BL06289550   BL06291970   BL06294250   BL06296070
BL06279830   BL06282470   BL06284390   BL06287090   BL06289560   BL06292020   BL06294260   BL06296080
BL06279920   BL06282490   BL06284400   BL06287110   BL06289580   BL06292030   BL06294270   BL06296150
BL06279930   BL06282510   BL06284440   BL06287160   BL06289590   BL06292090   BL06294290   BL06296170
BL06279950   BL06282520   BL06284450   BL06287250   BL06289710   BL06292140   BL06294320   BL06296180
BL06279990   BL06282530   BL06284510   BL06287270   BL06289790   BL06292270   BL06294330   BL06296210
BL06280060   BL06282560   BL06284540   BL06287280   BL06289840   BL06292300   BL06294360   BL06296220
BL06280110   BL06282570   BL06284580   BL06287340   BL06289870   BL06292510   BL06294380   BL06296240
BL06280330   BL06282620   BL06284600   BL06287360   BL06289880   BL06292530   BL06294430   BL06296250
BL06280380   BL06282640   BL06284610   BL06287420   BL06289900   BL06292540   BL06294480   BL06296300
BL06280440   BL06282650   BL06284630   BL06287510   BL06289910   BL06292550   BL06294490   BL06296340
BL06280450   BL06282670   BL06284640   BL06287550   BL06289940   BL06292570   BL06294510   BL06296360
BL06280500   BL06282730   BL06284660   BL06287590   BL06290020   BL06292580   BL06294550   BL06296390
BL06280520   BL06282770   BL06284700   BL06287600   BL06290030   BL06292660   BL06294620   BL06296430
BL06280540   BL06282780   BL06284710   BL06287650   BL06290050   BL06292670   BL06294680   BL06296440
BL06280550   BL06282790   BL06284790   BL06287670   BL06290060   BL06292680   BL06294700   BL06296450
BL06280560   BL06282820   BL06284860   BL06287680   BL06290080   BL06292710   BL06294720   BL06296460
BL06280610   BL06282850   BL06284870   BL06287690   BL06290120   BL06292720   BL06294790   BL06296530
BL06280640   BL06282870   BL06284880   BL06287730   BL06290140   BL06292810   BL06294810   BL06296560
BL06280650   BL06282950   BL06284890   BL06287810   BL06290160   BL06292840   BL06294840   BL06296600
BL06280680   BL06282990   BL06284910   BL06287870   BL06290180   BL06292900   BL06294850   BL06296630
BL06280720   BL06283010   BL06284920   BL06287930   BL06290190   BL06292930   BL06294860   BL06296650
BL06280730   BL06283030   BL06284950   BL06287940   BL06290260   BL06292960   BL06294870   BL06296670
BL06280760   BL06283040   BL06284960   BL06287950   BL06290390   BL06293010   BL06294890   BL06296690
BL06280770   BL06283060   BL06285000   BL06288080   BL06290400   BL06293050   BL06294900   BL06296730
BL06280780   BL06283100   BL06285070   BL06288120   BL06290410   BL06293090   BL06294970   BL06296740
BL06280800   BL06283150   BL06285120   BL06288160   BL06290490   BL06293100   BL06294990   BL06296990
BL06280830   BL06283170   BL06285150   BL06288170   BL06290500   BL06293110   BL06295060   BL06297040
BL06280890   BL06283200   BL06285240   BL06288250   BL06290560   BL06293140   BL06295090   BL06297050
BL06281000   BL06283260   BL06285250   BL06288270   BL06290610   BL06293180   BL06295100   BL06297070
BL06281130   BL06283270   BL06285260   BL06288280   BL06290650   BL06293190   BL06295110   BL06297100
BL06281160   BL06283290   BL06285300   BL06288300   BL06290660   BL06293200   BL06295120   BL06297130
BL06281200   BL06283300   BL06285400   BL06288310   BL06290670   BL06293250   BL06295130   BL06297140
BL06281220   BL06283350   BL06285410   BL06288330   BL06290770   BL06293260   BL06295140   BL06297220
BL06281250   BL06283420   BL06285440   BL06288340   BL06290780   BL06293270   BL06295150   BL06297230
BL06281310   BL06283450   BL06285490   BL06288410   BL06290850   BL06293360   BL06295170   BL06297240
BL06281430   BL06283460   BL06285510   BL06288430   BL06290890   BL06293390   BL06295190   BL06297270
BL06281450   BL06283500   BL06285550   BL06288540   BL06290930   BL06293420   BL06295200   BL06297340
BL06281540   BL06283540   BL06285610   BL06288560   BL06290970   BL06293450   BL06295220   BL06297350
BL06281560   BL06283550   BL06285650   BL06288580   BL06290980   BL06293460   BL06295260   BL06297410
BL06281570   BL06283580   BL06285720   BL06288620   BL06291000   BL06293480   BL06295280   BL06297430
BL06281600   BL06283590   BL06285740   BL06288630   BL06291070   BL06293500   BL06295300   BL06297470
BL06281680   BL06283600   BL06285780   BL06288700   BL06291090   BL06293640   BL06295320   BL06297480
BL06281720   BL06283610   BL06285790   BL06288730   BL06291120   BL06293660   BL06295380   BL06297490
BL06281730   BL06283710   BL06285820   BL06288740   BL06291150   BL06293680   BL06295390   BL06297550
BL06281750   BL06283730   BL06285840   BL06288750   BL06291180   BL06293690   BL06295430   BL06297560
BL06281790   BL06283750   BL06285860   BL06288770   BL06291190   BL06293750   BL06295440   BL06297590
BL06281810   BL06283770   BL06285940   BL06288860   BL06291260   BL06293770   BL06295450   BL06297610

 

2


ALACNY Policy Listings — 2010-12 Block AXXX

 

BL06297620   BL06299460   BL06301490   BL06303440   BL06305910   BL06307550   BL06309860   BL06311700
BL06297640   BL06299470   BL06301500   BL06303490   BL06305930   BL06307570   BL06309870   BL06311730
BL06297650   BL06299520   BL06301510   BL06303610   BL06305940   BL06307690   BL06309940   BL06311750
BL06297670   BL06299570   BL06301550   BL06303620   BL06305960   BL06307730   BL06309950   BL06311840
BL06297700   BL06299600   BL06301570   BL06303660   BL06306010   BL06307770   BL06309990   BL06311850
BL06297710   BL06299610   BL06301610   BL06303710   BL06306030   BL06307840   BL06310000   BL06311860
BL06297730   BL06299650   BL06301630   BL06303730   BL06306070   BL06307980   BL06310010   BL06311870
BL06297740   BL06299720   BL06301710   BL06303850   BL06306110   BL06308040   BL06310020   BL06311930
BL06297760   BL06299760   BL06301720   BL06303870   BL06306140   BL06308050   BL06310040   BL06311950
BL06297790   BL06299800   BL06301730   BL06303880   BL06306170   BL06308060   BL06310120   BL06311960
BL06297830   BL06299820   BL06301750   BL06303990   BL06306190   BL06308070   BL06310130   BL06312060
BL06297970   BL06299830   BL06301780   BL06304000   BL06306200   BL06308090   BL06310140   BL06312090
BL06298000   BL06299900   BL06301870   BL06304090   BL06306210   BL06308170   BL06310150   BL06312100
BL06298090   BL06299920   BL06301990   BL06304110   BL06306220   BL06308180   BL06310160   BL06312130
BL06298180   BL06299990   BL06302020   BL06304140   BL06306270   BL06308250   BL06310220   BL06312190
BL06298190   BL06300020   BL06302040   BL06304180   BL06306280   BL06308320   BL06310270   BL06312200
BL06298220   BL06300060   BL06302140   BL06304260   BL06306310   BL06308360   BL06310290   BL06312280
BL06298230   BL06300070   BL06302150   BL06304310   BL06306320   BL06308380   BL06310310   BL06312300
BL06298240   BL06300110   BL06302160   BL06304350   BL06306340   BL06308390   BL06310340   BL06312310
BL06298250   BL06300130   BL06302180   BL06304380   BL06306350   BL06308400   BL06310360   BL06312330
BL06298260   BL06300230   BL06302190   BL06304390   BL06306410   BL06308410   BL06310420   BL06312370
BL06298290   BL06300310   BL06302220   BL06304410   BL06306490   BL06308470   BL06310440   BL06312400
BL06298310   BL06300340   BL06302230   BL06304430   BL06306510   BL06308530   BL06310470   BL06312440
BL06298330   BL06300350   BL06302250   BL06304490   BL06306550   BL06308670   BL06310510   BL06312450
BL06298350   BL06300370   BL06302270   BL06304500   BL06306560   BL06308790   BL06310530   BL06312470
BL06298370   BL06300380   BL06302310   BL06304510   BL06306570   BL06308830   BL06310540   BL06312520
BL06298410   BL06300450   BL06302340   BL06304530   BL06306610   BL06308860   BL06310570   BL06312540
BL06298430   BL06300460   BL06302350   BL06304560   BL06306640   BL06308870   BL06310580   BL06312560
BL06298480   BL06300560   BL06302360   BL06304570   BL06306720   BL06308900   BL06310630   BL06312600
BL06298490   BL06300590   BL06302380   BL06304580   BL06306730   BL06309040   BL06310660   BL06312630
BL06298500   BL06300600   BL06302410   BL06304590   BL06306740   BL06309060   BL06310690   BL06312680
BL06298510   BL06300620   BL06302430   BL06304610   BL06306820   BL06309070   BL06310700   BL06312690
BL06298550   BL06300630   BL06302470   BL06304650   BL06306840   BL06309080   BL06310710   BL06312700
BL06298570   BL06300640   BL06302490   BL06304680   BL06306850   BL06309090   BL06310720   BL06312720
BL06298640   BL06300660   BL06302500   BL06304730   BL06306880   BL06309100   BL06310730   BL06312740
BL06298650   BL06300700   BL06302510   BL06304740   BL06306930   BL06309240   BL06310750   BL06312760
BL06298680   BL06300720   BL06302550   BL06304750   BL06306960   BL06309300   BL06310890   BL06312810
BL06298690   BL06300730   BL06302600   BL06304780   BL06306970   BL06309310   BL06310960   BL06312840
BL06298730   BL06300760   BL06302620   BL06304850   BL06306980   BL06309320   BL06310970   BL06312850
BL06298740   BL06300770   BL06302650   BL06304880   BL06306990   BL06309340   BL06311010   BL06312860
BL06298820   BL06300810   BL06302660   BL06304890   BL06307040   BL06309390   BL06311030   BL06312890
BL06298860   BL06300860   BL06302680   BL06304910   BL06307050   BL06309400   BL06311060   BL06312910
BL06298880   BL06300880   BL06302720   BL06304970   BL06307070   BL06309440   BL06311080   BL06312990
BL06298910   BL06300890   BL06302730   BL06305030   BL06307090   BL06309480   BL06311180   BL06313100
BL06298940   BL06300900   BL06302810   BL06305060   BL06307120   BL06309490   BL06311190   BL06313130
BL06299000   BL06300940   BL06302840   BL06305130   BL06307150   BL06309500   BL06311210   BL06313150
BL06299030   BL06300990   BL06302860   BL06305140   BL06307160   BL06309510   BL06311220   BL06313200
BL06299040   BL06301000   BL06302900   BL06305170   BL06307190   BL06309560   BL06311230   BL06313210
BL06299090   BL06301030   BL06302910   BL06305180   BL06307200   BL06309570   BL06311240   BL06313220
BL06299100   BL06301050   BL06302930   BL06305220   BL06307210   BL06309580   BL06311260   BL06313250
BL06299110   BL06301060   BL06302950   BL06305230   BL06307260   BL06309610   BL06311280   BL06313260
BL06299120   BL06301080   BL06302980   BL06305380   BL06307270   BL06309640   BL06311320   BL06313280
BL06299150   BL06301100   BL06302990   BL06305430   BL06307330   BL06309650   BL06311340   BL06313290
BL06299160   BL06301160   BL06303000   BL06305530   BL06307340   BL06309660   BL06311350   BL06313320
BL06299170   BL06301220   BL06303010   BL06305580   BL06307350   BL06309670   BL06311410   BL06313460
BL06299220   BL06301240   BL06303020   BL06305620   BL06307380   BL06309690   BL06311460   BL06313470
BL06299230   BL06301300   BL06303080   BL06305640   BL06307430   BL06309720   BL06311520   BL06313490
BL06299300   BL06301350   BL06303130   BL06305740   BL06307440   BL06309730   BL06311540   BL06313510
BL06299330   BL06301370   BL06303150   BL06305830   BL06307470   BL06309750   BL06311570   BL06313590
BL06299340   BL06301380   BL06303170   BL06305870   BL06307500   BL06309770   BL06311580   BL06313600
BL06299410   BL06301420   BL06303210   BL06305880   BL06307520   BL06309840   BL06311620   BL06313630
BL06299440   BL06301440   BL06303430   BL06305890   BL06307540   BL06309850   BL06311630   BL06313660

 

3


ALACNY Policy Listings — 2010-12 Block AXXX

 

BL06313670   BL06315490   BL06317510   BL06319260   BL06320870   BL06322490   BL06323980   BL06326000
BL06313680   BL06315580   BL06317540   BL06319280   BL06320890   BL06322510   BL06324010   BL06326010
BL06313690   BL06315680   BL06317550   BL06319300   BL06320930   BL06322530   BL06324020   BL06326090
BL06313710   BL06315720   BL06317580   BL06319320   BL06320980   BL06322560   BL06324070   BL06326110
BL06313720   BL06315750   BL06317630   BL06319330   BL06320990   BL06322580   BL06324110   BL06326130
BL06313760   BL06315760   BL06317670   BL06319380   BL06321000   BL06322630   BL06324200   BL06326200
BL06313780   BL06315770   BL06317700   BL06319410   BL06321030   BL06322650   BL06324210   BL06326230
BL06313790   BL06315780   BL06317720   BL06319430   BL06321070   BL06322670   BL06324250   BL06326250
BL06313820   BL06315790   BL06317740   BL06319490   BL06321090   BL06322680   BL06324270   BL06326340
BL06313850   BL06315820   BL06317760   BL06319550   BL06321130   BL06322700   BL06324280   BL06326360
BL06313880   BL06315830   BL06317780   BL06319560   BL06321140   BL06322750   BL06324300   BL06326420
BL06313980   BL06315850   BL06317810   BL06319600   BL06321160   BL06322800   BL06324310   BL06326430
BL06313990   BL06315870   BL06317820   BL06319620   BL06321170   BL06322810   BL06324320   BL06326530
BL06314000   BL06316020   BL06317860   BL06319630   BL06321200   BL06322830   BL06324410   BL06326560
BL06314130   BL06316030   BL06317890   BL06319650   BL06321240   BL06322840   BL06324420   BL06326580
BL06314140   BL06316070   BL06317900   BL06319700   BL06321340   BL06322890   BL06324470   BL06326600
BL06314160   BL06316080   BL06317910   BL06319720   BL06321390   BL06322900   BL06324490   BL06326630
BL06314170   BL06316110   BL06317920   BL06319740   BL06321470   BL06322920   BL06324500   BL06326660
BL06314210   BL06316120   BL06317970   BL06319760   BL06321600   BL06322970   BL06324540   BL06326670
BL06314220   BL06316150   BL06318010   BL06319770   BL06321610   BL06322980   BL06324550   BL06326680
BL06314260   BL06316240   BL06318070   BL06319780   BL06321620   BL06322990   BL06324560   BL06326690
BL06314270   BL06316290   BL06318120   BL06319810   BL06321650   BL06323010   BL06324590   BL06326730
BL06314290   BL06316310   BL06318170   BL06319830   BL06321710   BL06323030   BL06324610   BL06326750
BL06314410   BL06316350   BL06318190   BL06319840   BL06321720   BL06323040   BL06324620   BL06326880
BL06314430   BL06316360   BL06318210   BL06319860   BL06321730   BL06323060   BL06324630   BL06326900
BL06314520   BL06316370   BL06318270   BL06319870   BL06321760   BL06323070   BL06324650   BL06326970
BL06314540   BL06316390   BL06318290   BL06319880   BL06321770   BL06323090   BL06324660   BL06327020
BL06314550   BL06316400   BL06318330   BL06319890   BL06321780   BL06323100   BL06324690   BL06327030
BL06314580   BL06316420   BL06318350   BL06319940   BL06321790   BL06323110   BL06324760   BL06327060
BL06314620   BL06316440   BL06318370   BL06319970   BL06321820   BL06323120   BL06324770   BL06327100
BL06314630   BL06316480   BL06318390   BL06319980   BL06321840   BL06323160   BL06324790   BL06327120
BL06314670   BL06316510   BL06318420   BL06320000   BL06321860   BL06323190   BL06324930   BL06327130
BL06314690   BL06316540   BL06318440   BL06320020   BL06321880   BL06323230   BL06325030   BL06327150
BL06314710   BL06316570   BL06318450   BL06320040   BL06321910   BL06323240   BL06325040   BL06327170
BL06314720   BL06316580   BL06318460   BL06320060   BL06321960   BL06323250   BL06325060   BL06327180
BL06314740   BL06316610   BL06318480   BL06320070   BL06322000   BL06323260   BL06325280   BL06327270
BL06314810   BL06316650   BL06318490   BL06320090   BL06322030   BL06323270   BL06325340   BL06327280
BL06314840   BL06316660   BL06318510   BL06320100   BL06322040   BL06323280   BL06325350   BL06327300
BL06314850   BL06316670   BL06318560   BL06320110   BL06322060   BL06323290   BL06325400   BL06327360
BL06314860   BL06316680   BL06318680   BL06320130   BL06322070   BL06323310   BL06325410   BL06327380
BL06314900   BL06316690   BL06318690   BL06320150   BL06322080   BL06323320   BL06325470   BL06327570
BL06314910   BL06316720   BL06318700   BL06320160   BL06322110   BL06323330   BL06325490   BL06327670
BL06314960   BL06316740   BL06318760   BL06320190   BL06322140   BL06323360   BL06325510   BL06327890
BL06314990   BL06316770   BL06318820   BL06320240   BL06322150   BL06323380   BL06325520   BL06327960
BL06315020   BL06316850   BL06318830   BL06320270   BL06322160   BL06323430   BL06325540   BL06328100
BL06315070   BL06316890   BL06318840   BL06320290   BL06322180   BL06323440   BL06325560   BL06328110
BL06315090   BL06316970   BL06318850   BL06320310   BL06322200   BL06323450   BL06325700   BL06328560
BL06315100   BL06317010   BL06318890   BL06320390   BL06322240   BL06323490   BL06325720   BL06328950
BL06315140   BL06317050   BL06318920   BL06320430   BL06322260   BL06323500   BL06325730   BL06184480
BL06315150   BL06317070   BL06318970   BL06320460   BL06322300   BL06323510   BL06325740   BL06186570
BL06315160   BL06317090   BL06318990   BL06320470   BL06322310   BL06323560   BL06325760   BL06191220
BL06315180   BL06317160   BL06319000   BL06320520   BL06322320   BL06323590   BL06325780   BL06194800
BL06315200   BL06317170   BL06319020   BL06320530   BL06322330   BL06323620   BL06325790   BL06196280
BL06315240   BL06317260   BL06319050   BL06320550   BL06322340   BL06323630   BL06325830   BL06196970
BL06315270   BL06317320   BL06319080   BL06320590   BL06322370   BL06323640   BL06325840   BL06197410
BL06315320   BL06317340   BL06319100   BL06320600   BL06322380   BL06323670   BL06325850   BL06198230
BL06315330   BL06317370   BL06319120   BL06320680   BL06322390   BL06323680   BL06325860   BL06198470
BL06315350   BL06317390   BL06319150   BL06320700   BL06322410   BL06323750   BL06325890   BL06198940
BL06315370   BL06317400   BL06319160   BL06320730   BL06322430   BL06323850   BL06325910   BL06199630
BL06315390   BL06317410   BL06319170   BL06320830   BL06322440   BL06323910   BL06325950   BL06199890
BL06315400   BL06317460   BL06319230   BL06320840   BL06322460   BL06323920   BL06325960   BL06199950
BL06315430   BL06317480   BL06319240   BL06320850   BL06322480   BL06323940   BL06325990   BL06200270

 

4


ALACNY Policy Listings — 2010-12 Block AXXX

 

BL06200680   BL06214930   BL06218810   BL06220900   BL06223620   BL06226590   BL06229020   BL06231440
BL06200780   BL06214960   BL06218830   BL06221040   BL06223650   BL06226610   BL06229050   BL06231450
BL06201270   BL06215050   BL06218840   BL06221080   BL06223680   BL06226640   BL06229060   BL06231570
BL06201590   BL06215190   BL06218850   BL06221110   BL06223710   BL06226660   BL06229080   BL06231580
BL06201960   BL06215240   BL06218860   BL06221130   BL06223810   BL06226690   BL06229090   BL06231610
BL06202570   BL06215260   BL06218880   BL06221220   BL06223850   BL06226720   BL06229110   BL06231640
BL06203360   BL06215280   BL06218890   BL06221230   BL06223860   BL06226730   BL06229120   BL06231910
BL06203390   BL06215290   BL06218940   BL06221240   BL06223940   BL06226790   BL06229150   BL06231940
BL06203550   BL06215360   BL06218950   BL06221270   BL06223990   BL06226840   BL06229180   BL06232000
BL06203690   BL06215420   BL06219130   BL06221300   BL06224000   BL06226870   BL06229190   BL06232010
BL06203900   BL06215430   BL06219180   BL06221350   BL06224030   BL06226920   BL06229270   BL06232030
BL06204050   BL06215580   BL06219230   BL06221380   BL06224120   BL06226930   BL06229370   BL06232140
BL06204520   BL06215590   BL06219240   BL06221390   BL06224140   BL06226950   BL06229420   BL06232200
BL06204690   BL06215600   BL06219260   BL06221410   BL06224220   BL06226990   BL06229430   BL06232220
BL06204720   BL06215660   BL06219340   BL06221490   BL06224230   BL06227050   BL06229480   BL06232240
BL06204860   BL06215820   BL06219370   BL06221510   BL06224480   BL06227160   BL06229520   BL06232370
BL06204900   BL06215830   BL06219460   BL06221520   BL06224560   BL06227170   BL06229810   BL06232380
BL06205060   BL06215860   BL06219470   BL06221600   BL06224590   BL06227190   BL06229840   BL06232390
BL06205140   BL06215900   BL06219490   BL06221640   BL06224640   BL06227210   BL06229860   BL06232420
BL06205160   BL06215910   BL06219510   BL06221660   BL06224670   BL06227220   BL06229920   BL06232440
BL06205280   BL06215950   BL06219560   BL06221700   BL06224680   BL06227230   BL06229930   BL06232500
BL06205670   BL06215960   BL06219600   BL06221760   BL06224760   BL06227250   BL06229950   BL06232530
BL06205700   BL06215970   BL06219620   BL06221810   BL06224840   BL06227290   BL06230000   BL06232560
BL06205740   BL06216020   BL06219680   BL06221840   BL06224890   BL06227400   BL06230030   BL06232570
BL06205820   BL06216050   BL06219820   BL06221890   BL06224910   BL06227420   BL06230040   BL06232580
BL06206010   BL06216060   BL06219840   BL06221910   BL06225010   BL06227430   BL06230070   BL06232590
BL06206270   BL06216150   BL06219860   BL06221920   BL06225170   BL06227440   BL06230090   BL06232640
BL06206390   BL06216180   BL06219870   BL06221930   BL06225180   BL06227480   BL06230190   BL06232690
BL06206420   BL06216330   BL06219890   BL06221990   BL06225220   BL06227530   BL06230200   BL06232780
BL06206430   BL06216400   BL06219920   BL06222000   BL06225250   BL06227580   BL06230210   BL06232790
BL06206800   BL06216620   BL06219930   BL06222040   BL06225270   BL06227610   BL06230220   BL06232810
BL06206820   BL06216630   BL06219950   BL06222110   BL06225320   BL06227630   BL06230250   BL06232920
BL06206840   BL06216750   BL06220020   BL06222200   BL06225330   BL06227680   BL06230270   BL06232930
BL06206960   BL06216820   BL06220040   BL06222340   BL06225340   BL06227770   BL06230300   BL06232980
BL06207080   BL06216890   BL06220070   BL06222360   BL06225360   BL06227840   BL06230380   BL06232990
BL06207180   BL06216990   BL06220100   BL06222420   BL06225370   BL06227990   BL06230460   BL06233020
BL06207200   BL06217020   BL06220110   BL06222560   BL06225380   BL06228000   BL06230500   BL06233030
BL06207360   BL06217030   BL06220180   BL06222640   BL06225440   BL06228020   BL06230680   BL06233070
BL06207370   BL06217070   BL06220200   BL06222690   BL06225550   BL06228030   BL06230730   BL06233190
BL06207490   BL06217140   BL06220210   BL06222700   BL06225570   BL06228150   BL06230740   BL06233210
BL06207500   BL06217240   BL06220230   BL06222730   BL06225580   BL06228160   BL06230780   BL06233250
BL06207730   BL06217270   BL06220310   BL06222760   BL06225610   BL06228170   BL06230790   BL06233260
BL06208150   BL06217320   BL06220350   BL06222780   BL06225660   BL06228240   BL06230800   BL06233370
BL06208230   BL06217390   BL06220380   BL06222870   BL06225670   BL06228290   BL06230810   BL06233380
BL06208650   BL06217450   BL06220430   BL06222940   BL06225710   BL06228330   BL06230860   BL06233420
BL06208690   BL06217510   BL06220480   BL06222960   BL06225730   BL06228340   BL06230920   BL06233450
BL06208700   BL06217600   BL06220500   BL06223010   BL06225950   BL06228370   BL06230960   BL06233500
BL06208860   BL06217610   BL06220510   BL06223070   BL06226020   BL06228400   BL06231090   BL06233590
BL06208940   BL06217640   BL06220520   BL06223080   BL06226170   BL06228480   BL06231140   BL06233640
BL06213540   BL06217660   BL06220560   BL06223140   BL06226190   BL06228490   BL06231150   BL06233670
BL06213580   BL06217740   BL06220570   BL06223150   BL06226200   BL06228520   BL06231160   BL06233680
BL06213600   BL06217830   BL06220610   BL06223160   BL06226240   BL06228530   BL06231180   BL06233710
BL06213650   BL06217990   BL06220640   BL06223230   BL06226250   BL06228610   BL06231240   BL06233730
BL06213850   BL06218030   BL06220650   BL06223240   BL06226320   BL06228650   BL06231290   BL06233740
BL06213910   BL06218170   BL06220660   BL06223250   BL06226330   BL06228690   BL06231300   BL06233770
BL06213920   BL06218190   BL06220690   BL06223260   BL06226340   BL06228710   BL06231310   BL06233780
BL06213950   BL06218250   BL06220730   BL06223290   BL06226410   BL06228720   BL06231320   BL06233810
BL06214050   BL06218280   BL06220740   BL06223310   BL06226420   BL06228740   BL06231330   BL06233870
BL06214490   BL06218300   BL06220760   BL06223360   BL06226430   BL06228750   BL06231340   BL06233920
BL06214580   BL06218380   BL06220770   BL06223400   BL06226530   BL06228820   BL06231350   BL06233930
BL06214690   BL06218410   BL06220780   BL06223410   BL06226540   BL06228950   BL06231370   BL06233950
BL06214770   BL06218710   BL06220800   BL06223440   BL06226570   BL06228960   BL06231420   BL06233990

 

5


ALACNY Policy Listings — 2010-12 Block AXXX

 

BL06234000   BL06236380   BL06238550   BL06240520   BL06242030   BL06244340   BL06251450   BL06241420
BL06234030   BL06236480   BL06238590   BL06240540   BL06242040   BL06244420   BL06251470   BL06242160
BL06234090   BL06236510   BL06238600   BL06240670   BL06242050   BL06244450   BL06251480   BL06242260
BL06234100   BL06236520   BL06238630   BL06240680   BL06242060   BL06244480   BL06252030   BL06242290
BL06234190   BL06236630   BL06238640   BL06240730   BL06242070   BL06244500   BL06254450   BL06242370
BL06234230   BL06236650   BL06238650   BL06240750   BL06242080   BL06244510   BL06254900   BL06242390
BL06234250   BL06236710   BL06238680   BL06240770   BL06242180   BL06244530   BL06255210   BL06242530
BL06234260   BL06236720   BL06238710   BL06240790   BL06242200   BL06244720   BL06327520   BL06242670
BL06234270   BL06236730   BL06238750   BL06240800   BL06242210   BL06244790   BL06228430   BL06242780
BL06234320   BL06236770   BL06238770   BL06240810   BL06242360   BL06244820   BL06231510   BL06243200
BL06234330   BL06236820   BL06238790   BL06240850   BL06242400   BL06244880   BL06231680   BL06243210
BL06234350   BL06236860   BL06238830   BL06240910   BL06242430   BL06244940   BL06231690   BL06243310
BL06234380   BL06236870   BL06238870   BL06240920   BL06242470   BL06244950   BL06231900   BL06243340
BL06234440   BL06236880   BL06238890   BL06240950   BL06242580   BL06245000   BL06232060   BL06243660
BL06234520   BL06236900   BL06238920   BL06240970   BL06242590   BL06245030   BL06232620   BL06243680
BL06234550   BL06236980   BL06238950   BL06241010   BL06242710   BL06245040   BL06232750   BL06243690
BL06234560   BL06236990   BL06239060   BL06241070   BL06242730   BL06245060   BL06232870   BL06244580
BL06234580   BL06237000   BL06239160   BL06241090   BL06242790   BL06245080   BL06233040   BL06244770
BL06234590   BL06237020   BL06239200   BL06241110   BL06242800   BL06245100   BL06233280   BL06244810
BL06234630   BL06237110   BL06239210   BL06241120   BL06242820   BL06245130   BL06233290   BL06245170
BL06234650   BL06237130   BL06239230   BL06241130   BL06242860   BL06245220   BL06234150   BL06245230
BL06234660   BL06237140   BL06239250   BL06241190   BL06242870   BL06245260   BL06234240   BL06245290
BL06234820   BL06237150   BL06239310   BL06241200   BL06242880   BL06245450   BL06234370   BL06245320
BL06234830   BL06237160   BL06239330   BL06241220   BL06242890   BL06245500   BL06234620   BL06245360
BL06234850   BL06237170   BL06239350   BL06241230   BL06242900   BL06245540   BL06234760   BL06245370
BL06234860   BL06237330   BL06239430   BL06241240   BL06242910   BL06245600   BL06234810   BL06245700
BL06234880   BL06237450   BL06239440   BL06241260   BL06242920   BL06245610   BL06235040   BL06245750
BL06234940   BL06237470   BL06239480   BL06241280   BL06242970   BL06245620   BL06235300   BL06245840
BL06234960   BL06237490   BL06239510   BL06241300   BL06242990   BL06245670   BL06235410   BL06245880
BL06235020   BL06237530   BL06239540   BL06241310   BL06243000   BL06245760   BL06235900   BL06245910
BL06235100   BL06237540   BL06239660   BL06241330   BL06243020   BL06245920   BL06236020   BL06246010
BL06235110   BL06237720   BL06239680   BL06241340   BL06243160   BL06245960   BL06236300   BL06246310
BL06235130   BL06237730   BL06239770   BL06241360   BL06243170   BL06245970   BL06236370   BL06246330
BL06235160   BL06237750   BL06239810   BL06241440   BL06243270   BL06246060   BL06236390   BL06246600
BL06235190   BL06237800   BL06239820   BL06241450   BL06243280   BL06246070   BL06236420   BL06246650
BL06235210   BL06237810   BL06239860   BL06241480   BL06243290   BL06246120   BL06236430   BL06246720
BL06235240   BL06237820   BL06239870   BL06241490   BL06243370   BL06246250   BL06236540   BL06246820
BL06235280   BL06237890   BL06239940   BL06241500   BL06243380   BL06246300   BL06236930   BL06246850
BL06235310   BL06237900   BL06239950   BL06241520   BL06243390   BL06246360   BL06236950   BL06246960
BL06235370   BL06237910   BL06239980   BL06241530   BL06243400   BL06246420   BL06237010   BL06247090
BL06235400   BL06237950   BL06239990   BL06241540   BL06243450   BL06246430   BL06237250   BL06247110
BL06235430   BL06237980   BL06240000   BL06241550   BL06243480   BL06246520   BL06237270   BL06247140
BL06235520   BL06237990   BL06240100   BL06241590   BL06243490   BL06246540   BL06237580   BL06247200
BL06235540   BL06238000   BL06240110   BL06241600   BL06243580   BL06246620   BL06238060   BL06247320
BL06235620   BL06238010   BL06240140   BL06241660   BL06243610   BL06246640   BL06238070   BL06247400
BL06235660   BL06238020   BL06240160   BL06241670   BL06243790   BL06246690   BL06238310   BL06247660
BL06235710   BL06238030   BL06240170   BL06241700   BL06243840   BL06246700   BL06238670   BL06247750
BL06235770   BL06238040   BL06240180   BL06241710   BL06243850   BL06246710   BL06238810   BL06247840
BL06235790   BL06238180   BL06240190   BL06241720   BL06243880   BL06246880   BL06238930   BL06248040
BL06235940   BL06238190   BL06240200   BL06241750   BL06243910   BL06246980   BL06239030   BL06248140
BL06235950   BL06238200   BL06240230   BL06241770   BL06243940   BL06247210   BL06239270   BL06248210
BL06235970   BL06238230   BL06240240   BL06241790   BL06244070   BL06247240   BL06239290   BL06248230
BL06236060   BL06238260   BL06240250   BL06241840   BL06244090   BL06247250   BL06239410   BL06248490
BL06236070   BL06238280   BL06240260   BL06241860   BL06244110   BL06247420   BL06239780   BL06248530
BL06236090   BL06238320   BL06240270   BL06241890   BL06244120   BL06247430   BL06240090   BL06248540
BL06236100   BL06238390   BL06240280   BL06241900   BL06244150   BL06247510   BL06240370   BL06248570
BL06236170   BL06238410   BL06240300   BL06241910   BL06244200   BL06247570   BL06240590   BL06248640
BL06236180   BL06238420   BL06240310   BL06241920   BL06244220   BL06247670   BL06240640   BL06248740
BL06236200   BL06238430   BL06240350   BL06241930   BL06244250   BL06248160   BL06240720   BL06248810
BL06236280   BL06238460   BL06240440   BL06241960   BL06244260   BL06248480   BL06240820   BL06248840
BL06236290   BL06238510   BL06240450   BL06242000   BL06244280   BL06249480   BL06241150   BL06248860
BL06236310   BL06238540   BL06240490   BL06242010   BL06244300   BL06251440   BL06241290   BL06248990

 

6


ALACNY Policy Listings — 2010-12 Block AXXX

 

BL06249070   BL06252180   BL06254380   BL06258150   BL06261970   BL06269280   BL06273990   BL06279680
BL06249120   BL06252210   BL06254410   BL06258160   BL06262080   BL06269350   BL06274060   BL06279690
BL06249190   BL06252300   BL06254420   BL06258200   BL06262150   BL06269460   BL06274070   BL06279750
BL06249220   BL06252330   BL06254580   BL06258220   BL06262190   BL06269560   BL06274080   BL06279760
BL06249270   BL06252380   BL06254600   BL06258230   BL06262200   BL06269580   BL06274300   BL06280150
BL06249340   BL06252400   BL06254720   BL06258240   BL06262240   BL06269660   BL06274500   BL06280180
BL06249470   BL06252430   BL06254740   BL06258260   BL06262250   BL06269800   BL06274520   BL06280280
BL06249540   BL06252440   BL06254750   BL06258270   BL06262280   BL06269820   BL06274530   BL06280290
BL06249570   BL06252530   BL06254780   BL06258340   BL06262310   BL06269890   BL06274540   BL06280300
BL06249610   BL06252550   BL06254800   BL06258350   BL06262590   BL06269990   BL06274560   BL06280390
BL06249790   BL06252560   BL06254960   BL06258370   BL06262720   BL06270130   BL06274590   BL06280470
BL06249890   BL06252570   BL06254970   BL06258410   BL06262750   BL06270210   BL06274680   BL06280660
BL06249900   BL06252650   BL06254990   BL06258520   BL06262760   BL06270230   BL06274810   BL06280790
BL06249980   BL06252670   BL06255000   BL06258570   BL06262840   BL06270280   BL06274820   BL06280990
BL06249990   BL06252720   BL06255070   BL06258580   BL06262870   BL06270390   BL06275090   BL06281300
BL06250020   BL06252730   BL06255120   BL06258600   BL06262920   BL06270420   BL06275160   BL06281360
BL06250030   BL06252770   BL06255390   BL06258610   BL06263300   BL06270530   BL06275210   BL06281420
BL06250220   BL06252820   BL06255480   BL06258650   BL06263380   BL06270680   BL06275360   BL06281900
BL06250320   BL06252850   BL06255500   BL06258680   BL06263560   BL06270710   BL06275380   BL06281960
BL06250350   BL06252870   BL06255530   BL06258690   BL06263570   BL06270740   BL06275500   BL06282020
BL06250410   BL06252910   BL06255650   BL06258750   BL06263610   BL06270790   BL06275540   BL06282040
BL06250430   BL06252940   BL06255660   BL06258830   BL06263660   BL06271030   BL06275620   BL06282150
BL06250520   BL06252960   BL06255690   BL06258930   BL06263900   BL06271060   BL06275630   BL06282370
BL06250550   BL06252970   BL06255730   BL06258960   BL06264030   BL06271110   BL06275670   BL06282720
BL06250670   BL06252990   BL06255760   BL06259000   BL06264180   BL06271200   BL06275770   BL06282880
BL06250700   BL06253130   BL06255790   BL06259050   BL06264190   BL06271320   BL06275800   BL06282890
BL06250720   BL06253160   BL06255810   BL06259070   BL06264240   BL06271360   BL06275910   BL06282910
BL06250770   BL06253170   BL06255820   BL06259110   BL06264270   BL06271370   BL06276200   BL06282960
BL06250800   BL06253190   BL06255830   BL06259170   BL06264380   BL06271480   BL06276470   BL06283000
BL06250810   BL06253200   BL06255960   BL06259180   BL06264490   BL06271600   BL06276480   BL06283090
BL06250870   BL06253230   BL06256010   BL06259250   BL06264550   BL06271830   BL06276490   BL06283140
BL06250880   BL06253240   BL06256030   BL06259270   BL06265410   BL06272010   BL06276500   BL06283220
BL06250910   BL06253440   BL06256060   BL06259290   BL06265650   BL06272020   BL06276680   BL06283320
BL06250920   BL06253490   BL06256110   BL06259440   BL06266280   BL06272060   BL06276730   BL06283490
BL06250940   BL06253510   BL06256190   BL06259770   BL06266290   BL06272090   BL06276750   BL06283630
BL06250980   BL06253590   BL06256260   BL06260030   BL06266480   BL06272160   BL06276780   BL06283660
BL06251030   BL06253600   BL06256270   BL06260130   BL06266630   BL06272170   BL06276830   BL06283720
BL06251040   BL06253630   BL06256280   BL06260290   BL06266840   BL06272190   BL06276840   BL06283760
BL06251050   BL06253660   BL06256430   BL06260320   BL06266990   BL06272390   BL06276850   BL06283970
BL06251100   BL06253690   BL06256530   BL06260330   BL06267280   BL06272400   BL06277140   BL06283980
BL06251130   BL06253720   BL06256640   BL06260440   BL06267320   BL06272750   BL06277360   BL06284070
BL06251170   BL06253730   BL06256650   BL06260500   BL06267440   BL06272760   BL06277530   BL06284180
BL06251210   BL06253740   BL06256780   BL06260540   BL06267500   BL06272770   BL06277550   BL06284270
BL06251250   BL06253750   BL06256790   BL06260560   BL06267900   BL06272780   BL06277580   BL06284490
BL06251260   BL06253760   BL06256820   BL06260630   BL06267920   BL06272820   BL06277660   BL06284550
BL06251290   BL06253770   BL06256830   BL06260640   BL06267950   BL06272870   BL06277670   BL06284560
BL06251310   BL06253880   BL06256860   BL06260660   BL06267980   BL06272900   BL06277730   BL06284810
BL06251410   BL06253940   BL06256880   BL06260750   BL06268220   BL06272910   BL06277900   BL06284900
BL06251430   BL06253960   BL06256920   BL06260810   BL06268230   BL06273070   BL06278030   BL06284930
BL06251540   BL06254030   BL06256950   BL06260820   BL06268250   BL06273180   BL06278190   BL06285040
BL06251720   BL06254100   BL06257060   BL06260840   BL06268290   BL06273480   BL06278200   BL06285050
BL06251740   BL06254110   BL06257120   BL06260850   BL06268310   BL06273600   BL06278350   BL06285270
BL06251770   BL06254120   BL06257160   BL06260960   BL06268630   BL06273630   BL06278440   BL06285290
BL06251800   BL06254130   BL06257270   BL06261040   BL06268650   BL06273660   BL06278540   BL06285480
BL06251910   BL06254150   BL06257490   BL06261050   BL06268660   BL06273670   BL06278900   BL06285640
BL06251950   BL06254160   BL06257500   BL06261120   BL06268810   BL06273680   BL06279130   BL06285680
BL06251980   BL06254200   BL06257590   BL06261130   BL06268870   BL06273690   BL06279290   BL06285700
BL06252060   BL06254240   BL06257610   BL06261140   BL06268930   BL06273700   BL06279410   BL06285910
BL06252100   BL06254290   BL06257700   BL06261150   BL06268940   BL06273720   BL06279490   BL06285920
BL06252110   BL06254340   BL06257850   BL06261200   BL06269000   BL06273730   BL06279570   BL06286030
BL06252130   BL06254350   BL06258060   BL06261230   BL06269040   BL06273800   BL06279620   BL06286040
BL06252140   BL06254370   BL06258100   BL06261470   BL06269130   BL06273840   BL06279640   BL06286260

 

7


ALACNY Policy Listings — 2010-12 Block AXXX

 

BL06286630   BL06292700   BL06222290   BL06230670                                                                                            
BL06286770   BL06292860   BL06223100   BL06230770        
BL06286930   BL06293040   BL06223110   BL06230820        
BL06286980   BL06293790   BL06223170   BL06230830        
BL06287210   BL06293900   BL06223190   BL06231100        
BL06287300   BL06295070   BL06223200   BL06231360        
BL06287320   BL06237050   BL06223220   BL06231490        
BL06287380   BL06244440   BL06223520   BL06231500        
BL06287410   BL06263410   BL06223800   BL06231520        
BL06287580   BL06263480   BL06224320   BL06231540        
BL06287890   BL06287150   BL06224340   BL06231780        
BL06288050   BL06239360   BL06224520   BL06232480        
BL06288440   BL06263270   BL06224540   BL06232840        
BL06288570   BL06264360   BL06224620   BL06233390        
BL06288610   BL06291590   BL06224720   BL06234050        
BL06288670   BL06184470   BL06224730   BL06234500        
BL06289150   BL06198250   BL06224740   BL06234740        
BL06289200   BL06202430   BL06224770   BL06235220        
BL06289220   BL06202450   BL06224820   BL06235780        
BL06289230   BL06205830   BL06224950   BL06236940        
BL06289300   BL06207380   BL06225060   BL06238380        
BL06289390   BL06208460   BL06225090   BL06239460        
BL06289400   BL06214100   BL06225200   BL06239490        
BL06289470   BL06214730   BL06225210   BL06239610        
BL06289520   BL06215630   BL06225290   BL06239700        
BL06289610   BL06215690   BL06225750   BL06240020        
BL06289630   BL06216010   BL06225830   BL06243620        
BL06289640   BL06217060   BL06225910   BL06244620        
BL06289680   BL06217230   BL06225960   BL06245650        
BL06289890   BL06217780   BL06226120   BL06246030        
BL06289920   BL06217850   BL06226130   BL06247230        
BL06290090   BL06217870   BL06226220   BL06247810        
BL06290220   BL06218160   BL06226390   BL06247850        
BL06290330   BL06218220   BL06226490   BL06249700        
BL06290370   BL06218290   BL06226520   BL06250040        
BL06290510   BL06218320   BL06226940   BL06223640        
BL06290620   BL06218350   BL06226970   BL06184790        
BL06290630   BL06218470   BL06227280   BL06205720        
BL06290740   BL06218500   BL06227320   BL06214340        
BL06290750   BL06218590   BL06227560   BL06215340        
BL06290760   BL06218900   BL06227650   BL06216390        
BL06290800   BL06218960   BL06227720   BL06216670        
BL06290840   BL06219050   BL06227740   BL06216770        
BL06290900   BL06219190   BL06227790   BL06218370        
BL06291050   BL06219250   BL06227900   BL06220490        
BL06291100   BL06219310   BL06227970   BL06220880        
BL06291200   BL06219360   BL06228040   BL06221250        
BL06291270   BL06219940   BL06228050   BL06222470        
BL06291400   BL06220410   BL06228060   BL06223760        
BL06291470   BL06220440   BL06228410   BL06224870        
BL06291610   BL06220870   BL06228700   BL06227410        
BL06291660   BL06220980   BL06228840   BL06229980        
BL06291680   BL06221160   BL06228880   BL06231110        
BL06291710   BL06221420   BL06228910   BL06247680        
BL06291850   BL06221440   BL06229000   BL06247870        
BL06292160   BL06221450   BL06229500          
BL06292170   BL06221630   BL06229600          
BL06292260   BL06221980   BL06229690          
BL06292370   BL06222010   BL06229880          
BL06292620   BL06222020   BL06230240          
BL06292630   BL06222220   BL06230340          
BL06292650   BL06222260   BL06230570          

 

8


    ALACNY Policy Listings — 2010-12 Block XXX    
BL06183350   BL06221710   BL06231990   BL06243250   BL06251370   BL06258050   BL06266020   BL06274030
BL06184330   BL06221770   BL06232070   BL06243540   BL06251510   BL06258070   BL06266030   BL06274210
BL06189920   BL06221780   BL06232180   BL06243550   BL06251560   BL06258130   BL06266220   BL06274330
BL06196670   BL06221790   BL06232300   BL06243560   BL06251570   BL06258140   BL06266230   BL06274960
BL06197080   BL06221800   BL06232460   BL06243600   BL06251580   BL06258320   BL06266640   BL06274970
BL06198760   BL06221960   BL06232520   BL06243800   BL06251610   BL06258440   BL06266660   BL06274990
BL06199930   BL06222100   BL06232670   BL06243970   BL06251630   BL06258460   BL06266690   BL06275220
BL06201790   BL06222120   BL06232680   BL06244310   BL06251660   BL06258490   BL06266780   BL06275760
BL06205750   BL06222130   BL06233050   BL06244320   BL06251830   BL06258780   BL06266890   BL06275780
BL06206110   BL06222150   BL06233430   BL06244350   BL06251850   BL06258870   BL06266950   BL06275790
BL06206410   BL06222170   BL06233720   BL06244430   BL06252040   BL06258890   BL06267100   BL06275820
BL06206600   BL06222300   BL06233850   BL06244460   BL06252070   BL06258900   BL06267230   BL06276010
BL06206880   BL06222820   BL06233890   BL06244550   BL06252190   BL06258990   BL06267240   BL06276150
BL06206900   BL06223040   BL06234020   BL06244690   BL06252310   BL06259310   BL06267380   BL06276160
BL06207220   BL06223390   BL06234110   BL06244700   BL06252840   BL06259330   BL06267620   BL06276250
BL06207630   BL06223450   BL06234430   BL06244930   BL06253250   BL06259680   BL06267970   BL06276290
BL06207660   BL06223570   BL06234480   BL06244970   BL06253550   BL06259750   BL06268090   BL06276430
BL06207670   BL06223920   BL06234570   BL06245140   BL06254070   BL06259850   BL06268280   BL06276440
BL06207900   BL06224080   BL06234990   BL06245240   BL06254210   BL06259880   BL06268340   BL06276450
BL06207910   BL06224170   BL06235330   BL06245250   BL06254220   BL06259930   BL06268350   BL06276650
BL06207990   BL06224490   BL06235490   BL06245310   BL06254280   BL06259940   BL06268830   BL06276660
BL06208170   BL06224500   BL06235740   BL06245560   BL06254320   BL06260350   BL06268860   BL06276990
BL06208770   BL06224530   BL06236220   BL06245850   BL06254660   BL06260490   BL06268880   BL06277120
BL06214810   BL06224550   BL06236410   BL06245890   BL06254670   BL06261590   BL06268900   BL06277540
BL06214860   BL06224690   BL06236530   BL06246040   BL06254770   BL06261600   BL06268970   BL06277560
BL06214870   BL06225140   BL06236570   BL06246190   BL06254790   BL06261640   BL06269160   BL06277600
BL06215320   BL06225160   BL06236600   BL06246200   BL06254810   BL06261650   BL06269300   BL06277690
BL06215400   BL06225520   BL06236680   BL06246440   BL06255010   BL06261730   BL06269360   BL06277850
BL06216560   BL06225700   BL06236890   BL06246450   BL06255020   BL06261850   BL06269530   BL06278060
BL06216690   BL06225800   BL06237060   BL06246750   BL06255380   BL06261920   BL06269710   BL06278150
BL06217490   BL06226090   BL06237070   BL06246860   BL06255440   BL06262020   BL06269760   BL06278210
BL06217770   BL06226310   BL06237080   BL06247170   BL06255450   BL06262300   BL06269910   BL06278250
BL06217840   BL06226370   BL06237210   BL06247520   BL06255460   BL06262410   BL06270020   BL06278290
BL06218010   BL06227330   BL06237340   BL06247780   BL06255470   BL06262420   BL06270030   BL06278370
BL06218020   BL06227490   BL06237410   BL06248250   BL06255640   BL06262690   BL06270150   BL06278380
BL06218440   BL06227540   BL06237420   BL06248410   BL06255850   BL06262910   BL06270170   BL06278410
BL06218640   BL06227660   BL06237440   BL06248460   BL06255930   BL06263000   BL06270270   BL06278430
BL06219210   BL06227710   BL06237790   BL06248690   BL06255980   BL06263420   BL06270380   BL06278590
BL06219220   BL06227870   BL06238100   BL06248900   BL06256140   BL06263460   BL06270610   BL06279090
BL06219320   BL06227920   BL06238110   BL06248960   BL06256160   BL06263580   BL06270890   BL06279100
BL06219640   BL06228080   BL06238360   BL06249100   BL06256170   BL06263820   BL06270900   BL06279240
BL06219660   BL06228090   BL06238480   BL06249400   BL06256180   BL06263880   BL06271270   BL06279250
BL06219690   BL06228250   BL06238720   BL06249410   BL06256310   BL06263910   BL06271860   BL06279450
BL06220090   BL06228260   BL06238780   BL06249600   BL06256380   BL06264140   BL06272140   BL06279500
BL06220120   BL06228420   BL06238800   BL06249630   BL06256600   BL06264150   BL06272150   BL06279580
BL06220130   BL06228440   BL06238940   BL06249710   BL06256610   BL06264250   BL06272230   BL06279910
BL06220140   BL06228510   BL06239050   BL06249720   BL06256630   BL06264500   BL06272240   BL06279940
BL06220220   BL06228730   BL06239130   BL06249730   BL06257440   BL06264650   BL06272260   BL06280160
BL06220250   BL06228900   BL06239370   BL06249850   BL06257480   BL06264680   BL06272290   BL06280190
BL06220270   BL06228980   BL06239450   BL06250010   BL06257510   BL06264990   BL06272420   BL06280200
BL06220280   BL06229070   BL06239550   BL06250110   BL06257520   BL06265020   BL06272720   BL06280220
BL06220400   BL06229170   BL06239690   BL06250180   BL06257530   BL06265190   BL06273120   BL06280240
BL06220450   BL06229460   BL06239750   BL06250190   BL06257540   BL06265200   BL06273150   BL06280870
BL06220820   BL06229670   BL06239760   BL06250200   BL06257550   BL06265250   BL06273210   BL06280880
BL06220830   BL06229680   BL06240060   BL06250240   BL06257580   BL06265280   BL06273330   BL06281060
BL06220860   BL06230150   BL06241080   BL06250250   BL06257600   BL06265390   BL06273350   BL06281080
BL06221000   BL06230160   BL06241410   BL06250450   BL06257660   BL06265530   BL06273360   BL06281090
BL06221060   BL06230620   BL06241610   BL06250460   BL06257670   BL06265560   BL06273540   BL06281320
BL06221280   BL06230640   BL06242560   BL06250530   BL06257730   BL06265570   BL06273780   BL06281440
BL06221560   BL06231280   BL06242750   BL06250540   BL06257960   BL06265770   BL06273890   BL06281590
BL06221580   BL06231760   BL06242950   BL06250740   BL06257970   BL06265780   BL06273930   BL06281760
BL06221610   BL06231890   BL06242960   BL06250930   BL06257990   BL06266000   BL06273970   BL06281800

 

1


ALACNY Policy Listings — 2010-12 Block XXX

 

BL06282110   BL06291540   BL06300850   BL06311000   BL06321020      
BL06282160   BL06291630   BL06300910   BL06311420   BL06321190      
BL06282190   BL06291880   BL06300920   BL06311640   BL06321210      
BL06282290   BL06292080   BL06301250   BL06311880   BL06321490      
BL06282330   BL06292250   BL06301540   BL06311990   BL06322170      
BL06282430   BL06292390   BL06301620   BL06312410   BL06322660      
BL06282610   BL06292400   BL06301800   BL06312510   BL06322690      
BL06282630   BL06292950   BL06301810   BL06312620   BL06323210      
BL06282690   BL06293000   BL06302210   BL06312750   BL06323220      
BL06282700   BL06293030   BL06302240   BL06312780   BL06324150      
BL06283400   BL06293120   BL06302570   BL06312790   BL06324580      
BL06283440   BL06293300   BL06302770   BL06312900   BL06324750      
BL06283640   BL06293320   BL06302790   BL06313010   BL06326850      
BL06283690   BL06293380   BL06303060   BL06313020   BL06327440      
BL06283830   BL06293760   BL06303110   BL06313050   BL06327470      
BL06283880   BL06293870   BL06303250   BL06313120   BL06327620      
BL06283890   BL06294030   BL06303380   BL06313950   BL06328450      
BL06284500   BL06294100   BL06303400   BL06314070   BL06328460      
BL06285220   BL06294110   BL06303630   BL06314090   BL06328470      
BL06285350   BL06294170   BL06303650   BL06314100   BL06328730      
BL06285370   BL06294300   BL06303670   BL06314110   BL06329080      
BL06285390   BL06294310   BL06303820   BL06314300   BL06329510      
BL06285710   BL06294830   BL06303860   BL06314400   BL06331090      
BL06285830   BL06295400   BL06304060   BL06314500        
BL06285980   BL06295900   BL06304170   BL06314510        
BL06286100   BL06296120   BL06304400   BL06314650        
BL06286130   BL06296470   BL06304550   BL06314870        
BL06286170   BL06296770   BL06304790   BL06314880        
BL06286380   BL06296870   BL06304820   BL06314980        
BL06286400   BL06296880   BL06304990   BL06315000        
BL06286870   BL06296940   BL06305090   BL06315040        
BL06287020   BL06297060   BL06305210   BL06315050        
BL06287290   BL06297210   BL06305300   BL06315060        
BL06287350   BL06297250   BL06305420   BL06315290        
BL06287500   BL06297260   BL06305510   BL06315590        
BL06287560   BL06297280   BL06305570   BL06315620        
BL06287700   BL06297400   BL06305810   BL06315810        
BL06287800   BL06297780   BL06306180   BL06315840        
BL06287850   BL06298020   BL06306480   BL06316010        
BL06288090   BL06298030   BL06306760   BL06316340        
BL06288100   BL06298040   BL06306890   BL06316530        
BL06288110   BL06298070   BL06307060   BL06316840        
BL06288130   BL06298080   BL06307080   BL06316860        
BL06288200   BL06299130   BL06307410   BL06316910        
BL06288350   BL06299140   BL06307600   BL06317210        
BL06289080   BL06299190   BL06307680   BL06317500        
BL06289090   BL06299240   BL06307870   BL06317690        
BL06289280   BL06299250   BL06307880   BL06317710        
BL06289340   BL06299270   BL06308010   BL06318300        
BL06289670   BL06299290   BL06308080   BL06318310        
BL06289690   BL06299580   BL06308200   BL06318400        
BL06289950   BL06299630   BL06308310   BL06318470        
BL06289960   BL06300080   BL06308590   BL06318500        
BL06289990   BL06300100   BL06308620   BL06318750        
BL06290040   BL06300290   BL06308920   BL06318800        
BL06290100   BL06300400   BL06309810   BL06319370        
BL06290290   BL06300540   BL06310060   BL06319460        
BL06290430   BL06300550   BL06310250   BL06319790        
BL06290450   BL06300740   BL06310560   BL06319920        
BL06290690   BL06300750   BL06310600   BL06320320        
BL06291030   BL06300790   BL06310610   BL06320540        
BL06291520   BL06300800   BL06310870   BL06320960        

 

2