Amendment No. 2 to Automatic Flexible Premium Variable Life Reinsurance Agreement No. 3 between Western Reserve Life Assurance Co. of Ohio and Global Preferred Re Limited

Summary

This amendment updates the reinsurance agreement between Western Reserve Life Assurance Co. of Ohio and WMA Life Insurance Company Limited, now renamed Global Preferred Re Limited. It changes the name of the reinsurer and updates the list of authorized distributors for flexible premium variable life policies and related products. All other terms of the original agreement remain unchanged. The amendment is effective as of June 1, 2001, for the distributor update and September 18, 2001, for the name change.

EX-10.36 7 g74145ex10-36.txt AMENDMENT TO AUTOMATIC FLEXIBLE PREMIUM VARIABLE EXHIBIT 10.36 AMENDMENT NUMBER 2 TO THE AUTOMATIC FLEXIBLE PREMIUM VARIABLE LIFE REINSURANCE AGREEMENT NUMBER 3 (REFERRED TO AS THE AGREEMENT) BETWEEN WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO ST. PETERSBURG, FLORIDA (REFERRED TO AS THE REINSURED) AND WMA LIFE INSURANCE COMPANY LIMITED HAMILTON, BERMUDA (REFERRED TO AS THE REINSURER) I. The Reinsurer, WMA LIFE INSURANCE COMPANY LIMITED, has changed its name to "GLOBAL PREFERRED RE LIMITED" effective as of September 18, 2001. II. Exhibit A, PRODUCER, is replaced by the following effective as of June 1, 2001: Flexible Premium Variable Life policies, applicable riders, and endorsements must be sold by and distributed through: - WMA Securities, Inc. (and/or its successors) and its affiliates - World Financial Group, Inc. (and/or its successors) - World Group Securities, Inc. (and/or its successors) Except as expressed herein, all terms, covenants and provisions of the Automatic Flexible Premium Variable Life Reinsurance Agreement Number 3, as amended, that are not in conflict with the provisions of this amendment shall remain unaltered and in full force and effect. In witness of the above, the Reinsured and the Reinsurer, by their respective officers have executed this amendment in duplicate at the dates and places indicated. WESTERN RESERVE LIFE ASSURANCE GLOBAL PREFERRED RE LIMITED CO. OF OHIO at St. Petersburg, FL at Duluth, Georgia ----------------------------- ---------------------------------- on December 31, 2001 on December 31, 2001 ----------------- ----------------- By: /s/ Larry Kirkland By: /s/ Edward F. McKernan ----------------------------- ---------------------------------- Title: VP and Managing Actuary Title: President and Actuary By: /s/ ILLEGIBLE By: /s/ Daniel W. McLeroy ----------------------------- ---------------------------------- Attest: Attest: Director, Financial Projects