Endorsement No. 1 to Working Layer Catastrophe Excess of Loss Reinsurance Contract between Homeowners Choice Property & Casualty Insurance Company and National Liability & Fire Insurance Company

Summary

This endorsement amends the existing reinsurance contract between Homeowners Choice Property & Casualty Insurance Company and National Liability & Fire Insurance Company. Effective June 1, 2014, it updates the reinsured's retention amount to $38,000,000 and the contract limit to $44,000,000 for the contract year starting on that date. All other terms and conditions of the original contract remain unchanged.

EX-10.41 17 d725400dex1041.htm ENDORSEMENT NO.1 WORKING LAYER CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT ENDORSEMENT NO.1 WORKING LAYER CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT

EXHIBIT 10.41

ENDORSEMENT NO. 1

to the

WORKING LAYER CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT

(hereinafter called the “Contract”)

EFFECTIVE: JUNE 1, 2013

issued to

HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY

TAMPA, FLORIDA

(hereinafter called the “Reinsured”)

NATIONAL LIABILITY & FIRE INSURANCE COMPANY

(hereinafter called, with other participants, the “Reinsurers”)

Effective June 1, 2014, the Contract has been amended as follows:

Subparagraph (b) of Paragraph (1) of ARTICLE 6 – RETENTION AND LIMIT, shall now read as follows:

Reinsured’s Retention, as respects all loss or losses arising out of Loss Occurrences commencing during the Contract Year effective June 1, 2014, shall equal $38,000,000.

Sub-subparagraph (ii) of Subparagraph (a) of Paragraph (3) of ARTICLE 6 – RETENTION AND LIMIT, shall now read as follows:

$44,000,000 for Contract Year effective June 1, 2014.

All other Terms and Conditions remain unchanged.

Signed in , on this day of , 2014