Second Amendment to Quota Share Reinsurance Treaty between American Hallmark Insurance Company, Phoenix Indemnity Insurance Company, and Gulf States Insurance Company

Summary

This amendment updates the quota share reinsurance treaty among American Hallmark Insurance Company, Phoenix Indemnity Insurance Company, and Gulf States Insurance Company. It clarifies that the agreement covers all insurance business in force and written by the three companies from January 1, 2006, except for direct business written by Phoenix Indemnity Insurance Company in Florida. The amendment is effective as of June 22, 2006, and is signed by the presidents of each company.

EX-10.27 12 d38301exv10w27.htm AMENDMENT 2 TO QUOTA SHARE REINSURANCE TREATY exv10w27

EXHIBIT 10.27

AMENDMENT 2
QUOTA SHARE REINSURANCE TREATY
ATTACHING JANUARY 1, 2006 BY AND BETWEEN
AMERICAN HALLMARK INSURANCE COMPANY (AHIC) AND
PHOENIX INDEMNITY INSURANCE COMPANY (PIIC) AND
GULF STATES INSURANCE COMPANY (GSIC)

The parties hereby agree to amend ARTICLE 2 — SUBJECT BUSINESS of the quota share reinsurance treaty as follows:

ARTICLE 2 — SUBJECT BUSINESS

This agreement shall apply to all insurance business in force of AHIC, PIIC, and GSIC at the Attachment Date and all insurance business written thereafter by AHIC, PIIC, and GSIC (the “Subject Business”) with the exception of direct business written by PIIC in the State of Florida.


		AMERICAN HALLMARK INSURANCE COMPANY OF TEXAS

Date:	6-22-06	By:	/s/ Kevin T. Kasutz
		Name:	Kevin T. Kasutz
		Title:	President

		PHOENIX INDEMNITY INSURANCE COMPANY

Date:	6-22-06	By:	/s/ Brookland Davis
		Name:	Brookland Davis
		Title:	President

		GULF STATES INSURANCE COMPANY

Date:	6/22/06	By:	/s/ Donald E. Meyer
		Name:	Donald E. Meyer
		Title:	President