(Life) and their respective successors and assigns. The Agreement will be binding upon the Ceding Company and Munich Re, U.S.

Misconduct, negligence, fraud or criminal activity of any kind committed by the Ceding Company or its Representatives (as defined in Article 2). (Life) shall not be liable for any claims, suits or actions as a result of any (Life) and the insured, owner or beneficiary of any insurance policy or other contract of the Ceding Company. Legal relationship between Munich Re, U.S. The acceptance of risks under this Agreement will create no right or (Life)), (singularly referred to as a partyĪnd collectively referred to as the parties). Pennsylvania and The Penn Insurance and Annuity Company of Delaware (the ∼eding Company), and Munich American Reassurance Company of Atlanta, Georgia (Munich Re, U.S. This is a YRT agreement for indemnity reinsurance (the ∺greement) solely between The Penn Mutual Life Insurance Company of

(hereinafter referred to as Munich Re, U.S.Ĭ ONDITIONAL R ECEIPT OR T EMPORARY I NSURANCEĪRTICLE 7 - PREMIUM ACCOUNTING AND REPORTINGĪRTICLE 8 - REDUCTIONS, TERMINATIONS, INCREASES, RISK CLASSIFICATION CHANGES AND REINSTATEMENTSĪRTICLE 9 - CONVERSIONS, EXCHANGES, AND REPLACEMENTSĬ LAIMS G UIDELINES, S TANDARDS AND P ROCEDURESĪRTICLE 22 TERMINAL ACCOUNTING AND SETTLEMENTĬeding Company Retention and Reinsurance Coverage LimitsĪllocation Rules for Placement of Facultative Cases The Penn Mutual Life Insurance Company and The Penn Insurance and Annuity Munich Automatic and Facultative YRT Reinsurance Agreement

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