Exhibit 10.01
THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT THE
CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES
AND EXCHANGE COMMISSION: [REDACTED]
ANNUITY REINSURANCE AGREEMENT
between
HARTFORD LIFE INSURANCE COMPANY
(the "Company")
and
COMMONWEALTH ANNUITY AND LIFE INSURANCE COMPANY
BRIGHTON, MASSACHUSETTS
(the "Reinsurer")
Dated June 1, 2018
TABLE OF CONTENTS
Page
ARTICLE IDEFINITIONS
1
ARTICLE IICOVERAGE
16
ARTICLE IIIADMINISTRATION; GENERAL PROVISIONS
18
ARTICLE IVINITIAL PAYMENTS
22
ARTICLE VADDITIONAL REINSURANCE PREMIUMS; EXPENSE ALLOWANCE; COMMISSIONS
26
ARTICLE VIACCOUNTING AND SETTLEMENT
26
ARTICLE VIITERMINATION FOR NON-PAYMENT
29
ARTICLE VIIIRECAPTURE
29
ARTICLE IXTRUST ACCOUNT
33
ARTICLE XDURATION AND TERMINATION
37
ARTICLE XIINSOLVENCY
37
ARTICLE XIIDISPUTE RESOLUTION REGARDING ADMINISTRATION
38
ARTICLE XIIIDAC TAX ELECTION
39
ARTICLE XIVCONFIDENTIALITY
40
ARTICLE XVREPRESENTATIONS AND COVENANTS
41
ARTICLE XVIINDEMNIFICATION
54
ARTICLE XVIIREINSURANCE CREDIT
62
ARTICLE XVIIIMISCELLANEOUS PROVISIONS
63
SCHEDULES
SCHEDULE 1.1(a)
-
INTERIM PERIOD INTEREST
SCHEDULE 1.1(b)
-
KNOWLEDGE OF THE COMPANY
SCHEDULE A
-
REINSURED CONTRACTS
SCHEDULE B
-
AMORTIZATION OF CEDING COMMISSION
SCHEDULE C
-
RECAPTURE PAYMENT FORMULA
SCHEDULE D
-
TERMINAL ACCOUNTING SETTLEMENT REPORT
SCHEDULE E
-
EXPENSE ALLOWANCE
SCHEDULE F-1
-
MONTHLY REINSURANCE SETTLEMENT REPORT
SCHEDULE F-2
-
SERIATIM DATA REPORT
SCHEDULE F-3
-
STATEMENT OF NAIC RESERVES
SCHEDULE G
-
ANNUAL FINANCIAL REPORTS
SCHEDULE H
-
ONGOING REPORTS
SCHEDULE I
-
INTEREST MAINTENANCE RESERVE
SCHEDULE J
-
COMMISSIONS
EXHIBITS
EXHIBIT 1
-
TRUST AGREEMENT
EXHIBIT 2
-
FORM OF RETROCESSION TRUST AGREEMENT
EXHIBIT 3
-
INVESTMENT GUIDELINES
ANNEXES
ANNEX A-1
-
ASSETS IN CONNECTION WITH ESTIMATED INITIAL REINSURANCE PREMIUM PART A
ANNEX B-1
-
ASSETS IN CONNECTION WITH ESTIMATED INITIAL REINSURANCE PREMIUM PART B
ANNUITY REINSURANCE AGREEMENT
This Annuity Reinsurance Agreement, dated June 1, 2018 (this "Agreement"), is
made and entered into by and between Hartford Life Insurance Company, a life
insurance company organized under the laws of Connecticut (the "Company"), and
Commonwealth Annuity and Life Insurance Company, a life insurance company
organized under the laws of the Commonwealth of Massachusetts (the "Reinsurer").
The Company agrees to cede and the Reinsurer agrees to accept liability under
the terms and conditions stated herein. This Agreement is an indemnity
reinsurance agreement solely between the Company and the Reinsurer. The Company
shall be and shall remain the only party hereunder that is liable to any
insured, contract holder, claimant or beneficiary under any annuity contract
reinsured hereunder.
ARTICLE I
DEFINITIONS
1.1.
Definitions. As used in this Agreement, the following terms shall have
the following meanings (definitions are applicable to both the singular and the
plural forms of each term defined in this Article):
"Account Value" means the account value, as defined in and determined in
accordance with the express terms of the Reinsured Contracts hereunder, without
regard to surrender charges.
"Action" means any claim, action, suit, litigation, arbitration, investigation,
inquiry, hearing, charge, complaint, demand, notice or proceeding by or before
any Governmental Authority or arbitrator or arbitration panel or similar Person
or body.