Amendment No. 1 to Reinsurance Agreement among Lincoln Memorial Life Insurance Company, Memorial Service Life Insurance Company, and North America Life Insurance Company of Texas

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Summary

This amendment updates the reinsurance agreement between Lincoln Memorial Life Insurance Company, Memorial Service Life Insurance Company, and North America Life Insurance Company of Texas. It changes the coinsurance percentage to 100% and removes a specific expense allowance from the agreement. The amendment is effective as of November 30, 2000, and is signed by authorized officers of all three companies.

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EX-10.11 2 ex10p11.txt AMENDMENT NO. 1 TO REINSURANCE AGREE. AMENDMENT 1 TO THE REINSURANCE AGREEMENT BETWEEN LINCOLN MEMORIAL LIFE INSURANCE COMPANY AND MEMORIAL SERVICE LIFE INSURANCE COMPANY AND NORTH AMERICA LIFE INSURANCE COMPANY OF TEXAS The above described reinsurance agreement (numbered Nalre9001) is hereby amended in accordance with the terms and conditions contained herein. Such amendment shall have the full force of the original terms, to the extent such amendment does not conflict with any other provisions contained in such reinsurance agreement. 1. Article 1(B) is hereby replaced by: "Coinsurance Percentage shall mean 100%." 2. Exhibit A is hereby amended by deleting Item 5 which reads "2% times the face amount issued during the month" from the monthly Expense Allowance calculation. The effective date of this Amendment is November 30, 2000. IN WITNESS WHEREOF, Lincoln Memorial Life, Memorial Service Life and North America Life have caused this Amendment to be executed by their respective officers duly authorized to do so on this 5th day of January, 2001. LINCOLN MEMORIAL LIFE INSURANCE COMPANY By: /s/ Randall K. Sutton --------------------------------------- Title: President ------------------------------------ Attest: /s/ Darci L. Green ----------------------------------- MEMORIAL SERVICE LIFE INSURANCE COMPANY By: /s/ Randall K. Sutton --------------------------------------- Title: President ------------------------------------ Attest: /s/ Darci L. Green ----------------------------------- NORTH AMERICA LIFE INSURANCE COMPANY OF TEXAS By: /s/ Clifton Mitchell --------------------------------------- Title: Chief Executive Officer ------------------------------------ Attest: /s/ Rita C. Partlow -----------------------------------