Reinsurance Trust Agreement for PRIMERICA, INC., Bank of New York Mellon, Insurance Trust Group, Primerica Life Insurance Company, SWISS RE LIFE & HEALTH AMERICA INC, Swiss Re Management AG, Swiss Reinsurance Company Ltd - Sample agreements, legal documents, and contracts from RealDealDocs.
Reinsurance Trust Agreement for PRIMERICA, INC., Bank of New York Mellon, Insurance Trust Group, Primerica Life Insurance Company, SWISS RE LIFE & HEALTH AMERICA INC, Swiss Re Management AG, Swiss Reinsurance Company Ltd
This REINSURANCE TRUST AGREEMENT,
dated as of June 23, 2022 (the “Agreement”), by and
among Swiss Re Life & Health America Inc., a life insurance
company domiciled under the laws of Missouri (the
“Grantor”), which term shall include any successor and a-signs of the Grantor by operation of law, including without
limitation any liquidator, rehabilitator, receiver or conservator,
Primerica Life Insurance Company, a stock life insurance company
domiciled in the State of Tennessee (the
“Beneficiary”), which term shall include any successor
and a-signs of the Beneficiary by operation of law, including
without limitation any liquidator, rehabilitator, receiver or
conservator, and The Bank of New York Mellon, a New York banking
corporation with trust authority organized and existing under the
laws of the State of New York (the “Trustee”) (the
Grantor, the Beneficiary and the Trustee are hereinafter each
sometimes referred to individually as a “Party” and
collectively as the “Parties”). If a court of law
appoints a successor in interest to the Beneficiary, then the
Beneficiary includes, and is limited to, the court appointed
domiciliary receiver, conservator, rehabilitator or
liquidator.
WHEREAS , the Beneficiary desires the
Grantor to secure payments of amounts at any time and from time to
time owing by the Grantor to the Beneficiary under the Reinsurance
Agreement;
WHEREAS , the Grantor desires to transfer
to the Trustee for deposit to the trust account established hereby
(the “Trust Account”) such a-sets as it may desire to
make subject to this Agreement in order to secure payments under
the Reinsurance Agreement;
WHEREAS , this Agreement is made for the
sole benefit of the Beneficiary and for the purpose of setting
forth the duties and powers of the Trustee with respect to the
Trust Account;