Amendment No. 1 to Coinsurance Agreement between American Life & Security Corp. and US Alliance Life and Security Company
This amendment updates the existing coinsurance agreement between American Life & Security Corp. and US Alliance Life and Security Company, effective June 1, 2020. It adds two specific insurance policies to the list of those reinsured by US Alliance. American Life & Security Corp. agrees to transfer the reserves for these policies to US Alliance as of the effective date. All other terms of the original agreement remain unchanged.
Exhibit 10.10.1
Amendment No.1 to the Coinsurance Agreement between
American Life & Security Corp. (“Ceding Company”)
And
US Alliance Life and Security Company (“Reinsurer)
Effective September 30, 2017
This Amendment No. 1 to the Coinsurance Treaty effective September 30, 2017 between American Life & Security Corp. (“Ceding Company”) and US Alliance Life and Security Company (“Reinsurer”) shall be effective as of June 1, 2020.
All provisions of the Coinsurance Agreement shall remain in full force and effect.
Exhibit “A”, Policies Reinsured, shall be amended to include the following policies from Ceding Company.
6000122160
6000125400
Ceding Company agrees to transfer the reserves on said policies as of the effective date hereof to Reinsurer.
The parties hereto have caused this Addendum to be executed as of the Effective Date.
American Life & Security Corp.
By: ________________________________________
Mark A. Oliver, VP & Secretary
May 15, 2020
Attest:
By: ________________________________________
Deb Havranek, VP & Treasurer
US Alliance Life and Security Company
By: ________________________________________
Jack H. Brier, President
May 15, 2020
Attest:
By: ________________________________________
Jeff Brown, EVP and COO
