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Allstate Life Insurance Co – ‘10-K’ for 12/31/06 – ‘EX-10.24’

On: Tuesday, 3/13/07, at 4:11pm ET · For: 12/31/06 · Accession #: 1047469-7-1740 · File #: 0-31248

Previous ‘10-K’: ‘10-K’ on 3/13/06 for 12/31/05 · Next: ‘10-K’ on 3/17/08 for 12/31/07 · Latest: ‘10-K’ on 2/28/20 for 12/31/19 · 41 References:

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/13/07  Allstate Life Insurance Co        10-K       12/31/06    6:369K                                   Merrill Corp/New/FA

Annual Report — Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                        100    591K 
 2: EX-10.24    Material Contract                                      8     16K 
 3: EX-23       Consent of Experts or Counsel                          1      9K 
 4: EX-31.1     Certification -- Sarbanes-Oxley Act - Sect. 302        2±     9K 
 5: EX-31.2     Certification -- Sarbanes-Oxley Act - Sect. 302        2±     9K 
 6: EX-32       Certification -- Sarbanes-Oxley Act - Sect. 906        1      6K

EX-10.24 — Material Contract

EX-10.24 1st Page of 8 TOC ↑Top Previous Next ↓Bottom Just 1st
 
                                                                   EXHIBIT 10.24

 INTERCOMPANY LOAN AGREEMENT

 THIS AGREEMENT, is made and entered into as of the 1st day of
       February, 1996, by and between THE ALLSTATE CORPORATION, a Delaware
          corporation (hereinafter called "ALLCORP"), and each of its direct and
      indirect wholly-owned subsidiaries (individually, "Subsidiary" and
collectively, "Subsidiaries"),                              

WITNESSETH

       WHEREAS, ALLCORP, from time to time during the period commencing on
February 1, 1996, may obtain financing by various means including, but not      
limited to, issuing commercial paper notes in private placement transactions,   
drawing on bank credit lines and entering into repurchase agreements;           

        WHEREAS, the Subsidiaries, from time to time during said period, may
have need of additional short-term funding for general corporate purposes;      

      WHEREAS, ALLCORP, in order to provide such short-term funding, may
advance some or all of the proceeds of such financings to one or more of the    
Subsidiaries; and                                                               

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       WHEREAS, the parties hereto desire to enter into this Agreement for
the purpose of setting forth their respective undertakings concerning such      
advances.                                                                       

        NOW, THEREFORE, in consideration of the premises, the parties hereto
agree as follows:                                                               

        1. ALLCORP agrees, from time to time during the period commencing on
February 1, 1996, upon the written request of Subsidiary, and subject to the    
terms hereof, to advance funds to Subsidiary to the extent that ALLCORP, in its 
sole judgment, shall have funds available for that purpose. This undertaking by 
ALLCORP shall be limited to an aggregate amount to all Subsidiaries not in      
excess of $1 billion outstanding at any one time.                               

    2. Each advance shall bear interest on the outstanding principal
amount thereof, for each day from the date such advance is made until paid.     
Interest on outstanding advances shall be due when the advance is paid.         

      3. Subsidiary shall pay to ALLCORP, in consideration for each such
advance, interest on the aggregate unpaid principal amount of such advance at a 
rate equal to the rate paid by ALLCORP on the transaction used by ALLCORP to    
obtain financing to provide such funding to Subsidiary. Subsidiary shall repay  
to ALLCORP, upon demand of ALLCORP and in any event on the maturity date, the   

 2

EX-10.24 3rd Page of 8 TOC 1st Previous Next ↓Bottom Just 3rd
aggregate principal amount of all such advances together with accrued interest  
to the date of repayment. Subsidiary shall also have the right to prepay all or 
any part of any advances at any time without penalty but with interest accrued  
to the date of prepayment.                                                      

      4. The obligation of any Subsidiary to repay each advance shall be
evidenced by a single promissory note of such Subsidiary substantially in the   
form of Exhibit A attached hereto. The date, amount, interest rate and duration 
of each advance made by ALLCORP to any Subsidiary, and each payment made on     
account of such Subsidiary shall be recorded by ALLCORP on the schedule attached
to such note or any continuation thereof.                                       

         5. No Subsidiary shall use any advance or any portion of any advance,
directly or indirectly, for the purpose of buying, carrying or trading          
tax-exempt securities.                                                          

   6. This Agreement may be terminated by ALLCORP at any time upon
written notice to the Subsidiaries of its desire to terminate. This Agreement   
may be terminated by any Subsidiary only as to itself at any time upon written  
notice to ALLCORP of its desire to terminate. This Agreement shall terminate    
automatically as to any Subsidiary immediately upon such Subsidiary ceasing to  
be a Subsidiary. No termination shall affect any outstanding advances,          

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which shall be repaid or honored in accordance with the terms of this Agreement.

        IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be signed as of the day and year first above written.                           

THE ALLSTATE CORPORATION  

/s/ Thomas J. Wilson      
--------------------      
Thomas J. Wilson          
        Vice President and Chief Financial
Officer                   

ALLSTATE INSURANCE COMPANY

/s/ James P. Zils         
-----------------         
James P. Zils             
  Vice President and Treasurer

ALLSTATE INDEMNITY COMPANY

/s/ James P. Zils         
-----------------         
James P. Zils             
  Vice President and Treasurer

              ALLSTATE PROPERTY AND CASUALTY INSURANCE
COMPANY                   

/s/ James P. Zils         
-----------------         
James P. Zils             
  Vice President and Treasurer

4 

EX-10.24 5th Page of 8 TOC 1st Previous Next ↓Bottom Just 5th
 DEERBROOK INSURANCE COMPANY

/s/ James P. Zils         
-----------------         
James P. Zils             
  Vice President and Treasurer

     ALLSTATE LIFE INSURANCE COMPANY

/s/ James P. Zils         
-----------------         
James P. Zils             
  Vice President and Treasurer

       NORTHBROOK LIFE INSURANCE COMPANY

/s/ James P. Zils         
-----------------         
James P. Zils             
  Vice President and Treasurer

      GLENBROOK LIFE INSURANCE COMPANY

/s/ James P. Zils         
-----------------         
James P. Zils             
  Vice President and Treasurer

        GLENBROOK LIFE AND ANNUITY COMPANY

/s/ James P. Zils         
-----------------         
James P. Zils             
  Vice President and Treasurer

5 

EX-10.24 6th Page of 8 TOC 1st Previous Next ↓Bottom Just 6th
      NORTHBROOK PROPERTY AND CASUALTY
INSURANCE COMPANY         

/s/ James P. Zils         
-----------------         
James P. Zils             
  Vice President and Treasurer

  NORTHBROOK INDEMNITY COMPANY

/s/ James P. Zils         
-----------------         
James P. Zils             
  Vice President and Treasurer

           NORTHBROOK NATIONAL INSURANCE COMPANY

/s/ James P. Zils         
-----------------         
James P. Zils             
  Vice President and Treasurer

6 

EX-10.24 7th Page of 8 TOC 1st Previous Next ↓Bottom Just 7th
                                                                       EXHIBIT A

NOTE

                                                  Northbrook, Illinois
                                              February 1, 1996

For value received, ALLSTATE INSURANCE COMPANY, an Illinois 
corporation (the "Borrower"), promises to pay to the order of THE ALLSTATE      
CORPORATION (the "Lender") the aggregate unpaid principal amount of the advances
made by the Lender to the Borrower under the Intercompany Loan Agreement on the 
dates and in the principal amounts provided in the Intercompany Loan Agreement  
with and to pay interest on unpaid principal amounts at the rates and on the    
dates specified in the Intercompany Loan Agreement. All such payments of        
principal and interest shall be made in lawful money of the United States in    
federal or other immediately available funds at the office of the Lender,       
Allstate Plaza, Northbrook, Illinois. This instrument shall be governed by and  
construed in accordance with the laws of the state of Illinois.                 

          The date, amount, interest rate and maturity date of each advance made
by Lender to Borrower and each payment made on account of Borrower shall be     
recorded by Lender on the schedule attached hereto or any continuation thereof. 

                                                      ALLSTATE INSURANCE COMPANY

                              By
                                                        ------------------------
                                  Title:

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                                                                [Download Table]

                     SCHEDULE OF ADVANCES                      
---------------------------------------------------------------
                                            Amount    Unpaid   
Date of   Principal   Interest   Maturity   Paid or   Principal
Advance   Amount      Rate       Date       Prepaid   Amount   
---------------------------------------------------------------

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘10-K’ Filing	Date	First	Last	Other Filings

Filed on:	3/13/07
For Period End:	12/31/06			13F-HR
	2/1/96	1	7
				List all Filings

41 Subsequent Filings that Reference this Filing

As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent

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Filing Submission 0001047469-07-001740 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Allstate Life Insurance Co – ‘10-K’ for 12/31/06 – ‘EX-10.24’

On: Tuesday, 3/13/07, at 4:11pm ET · For: 12/31/06 · Accession #: 1047469-7-1740 · File #: 0-31248

Annual Report — Form 10-KFiling Table of Contents

EX-10.24 — Material Contract

Dates Referenced Herein and Documents Incorporated by Reference

41 Subsequent Filings that Reference this Filing

Annual Report — Form 10-K
Filing Table of Contents