EX-99.B(G)(2)(II) 2 tm253782d1_ex99-bxgx2xii.htm EXHIBIT 99.B(G)(2)(II)

Exhibit (g)(2)(ii)

 

[CERTAIN PORTIONS OF THIS EXHIBIT CONTAIN CONFIDENTIAL INFORMATION. THE CONFIDENTIAL PORTIONS OF THIS EXHIBIT ARE IDENTIFIED AS [REDACTED] AND HAVE BEEN OMITTED.]

  

Amendment Number 2
to the

Third Amended and Restated Automatic Indemnity Reinsurance Agreement

 

This Amendment between The Lincoln National Life Insurance Company of Fort Wayne, Indiana (the “Ceding Company”) and Lincoln National Reinsurance Company (Barbados) Limited, a Barbados Corporation (“the Reinsurer”) is effective May 20, 2024. 

 

 

RECITALS

 

1.The Ceding Company and the Reinsurer entered into an Automatic Indemnity Reinsurance Agreement effective July 1, 2003, as amended and restated effective January 1, 2023, and as subsequently amended November 20, 2023 (“the Agreement”).

 

2.Article XVII, Section 8 of this Agreement permits amendments as long as they are made in writing and signed by duly authorized officers of both parties.

 

3.The Ceding Company and the Reinsurer wish to make such an amendment to add new products issued by the Ceding Company.

  

 

AGREEMENT

 

NOWTHEREFORE, in consideration of these premises and the mutual covenants contained herein, the Ceding Company and the Reinsurer agree to amend the Agreement as follows:

 

 

1.Effective May 20, 2024, [REDACTED] shall be added to Schedules B and C.
  
2.The rates for the [REDACTED] shall be updated and added to Schedule C.
  
3.The Ceding Company and the Reinsurer agree that Schedules B and C of the Agreement shall be replaced in their entirety with Schedules B and C attached hereto. All terms, provisions and conditions of this Agreement will continue unchanged except as specifically revised in this Amendment.

 

 1 

 

 

In WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives.

 

 

LINCOLN NATIONAL REINSURANCE   THE LINCOLN NATIONAL LIFE
COMPANY (BARBADOS) LIMITED   INSURANCE COMPANY
     
     
By: /s/ Brandy Ness   By:  /s/ Laura Muse
         
Name: Brandy Ness   Name: Laura Muse
         
Title: Vice President   Title: Vice President
         
 Date: 5/8/2024   Date: 5/7/2024

 

 

 2 

 

 

SCHEDULE B

 

CONTRACTS WITH ACCEPTED COVERAGES

 

Contracts covered by this Agreement include all Contracts either issued by the Ceding Company directly or issued by Lincoln Life & Annuity Company of New York and reinsured with the Ceding Company and included in the following list:

 

[REDACTED]

 

 3 

 

 

SCHEDULE B (continued)

 

CONTRACTS WITH ACCEPTED COVERAGES 

 

[REDACTED]

 

 4 

 

 

SCHEDULE B (continued)

 

CONTRACTS WITH ACCEPTED COVERAGES

[REDACTED]

 

 

AWD Number K201070103

Amendment number 2

 

   

 

 

SCHEDULE C

PREMIUM RATE SCHEDULE

Initial Reinsurance Premium:

 

The Initial Reinsurance Premium shall equal the [REDACTED]. For all business issued after the Agreement’s Effective Date, the Initial Premium shall be[REDACTED].

 

 

Reinsurance Premium Rates:

 

Effective from the Agreement’s Effective Date and the corresponding effective date of any amendment, as appropriate:

[REDACTED]

 

 

AWD Number K201070103

Amendment number 2

 

   

 

 

SCHEDULE C (continued)

PREMIUM RATE SCHEDULE

 

[REDACTED]

 

 

AWD Number K201070103

Amendment number 2 

 

   

 

 

SCHEDULE C (continued)

PREMIUM RATE SCHEDULE

 [REDACTED]

 

AWD Number K201070103

Amendment number 2

 

   

 

 

SCHEDULE C (continued)

PREMIUM RATE SCHEDULE

[REDACTED]

 

AWD Number K201070103

Amendment number 2