Genworth Life & Annuity Insurance Inactive
Filed: 29 Sep 06, 12:00am
Exhibit 10.2
September 27, 2006
Jac J. Amerell
Vice President and Controller
First Colony Life Insurance Company
700 Main Street
Lynchburg, VA 24504
| Re: | Reinsurance Agreement between Genworth Life and Annuity Insurance Company (“GLAIC”) and First Colony Life Insurance Company (“FCL”) |
Dear Jac:
Pursuant to the discussions between the GLAIC and FCL, the parties agree to waive the 30 day prior notice period under Article 2.2 of the Reinsurance Agreement between them entered into on December 1, 2005 (the “Agreement”), in order for FCL to increase the Maximum Program Size (as that term is defined in the Agreement) from $2 billion to $3 billion. Accordingly, this increase of the Maximum Program Size will be effective as of September 25, 2006, which is the date upon which GLAIC received notice of this increase from FCL.
Kindly acknowledge FCL’s agreement to this waiver by signing where indicated below and returning a copy of this letter to me.
| Very truly yours, |
/s/ Thomas E. Duffy |
| Thomas E. Duffy |
| Senior Vice President, General Counsel & Secretary |
| cc: | J. Kevin Helmintoller |
Beth E. Wortman
Shailesh Shah
Pamela S. Asbury
Cheryl C. Yakey-Fogle
Acknowledged and accepted on behalf of First Colony Life Insurance Company this 27th day of September, 2006
| By: | /s/ Jac J. Amerell | |
| Jac J. Amerell | ||
| Vice President and Controller |