ENDORSEMENT NO. 1 to the INTERESTS ANDLIABILITIES AGREEMENT attaching to, and forming part of, the MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT (hereinafter called the Contract) EFFECTIVE: JUNE 1, 2014 issued to HOMEOWNERS CHOICEPROPERTY & CASUALTY INSURANCE COMPANY, INC. TAMPA, FLORIDA (hereinafter called the Reinsured) by ENDURANCE SPECIALTYINSURANCE LTD. (hereinafter called, with other participants, the Reinsurer)

EX-10.61 5 d71310dex1061.htm ENDORSEMENT NO 1 EFFECTIVE JUNE 1, 2015 TO INTERESTS AND LIABILITIES AGREEMENT Endorsement No 1 effective June 1, 2015 to Interests And Liabilities Agreement

 

EXHIBIT 10.61

 

 

ARP-HCI-02-CAT-202-14   
DOC: June 3, 2015   

 

ENDORSEMENT NO. 1

to the

INTERESTS AND LIABILITIES AGREEMENT

attaching to, and forming part of, the

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT

(hereinafter called the “Contract”)

EFFECTIVE: JUNE 1, 2014

issued to

HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.

TAMPA, FLORIDA

(hereinafter called the “Reinsured”)

by

ENDURANCE SPECIALTY INSURANCE LTD.

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

Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:

Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants

 

Contract Year 1

    Participation  

Excess Layer 3

      15.000 % 

Excess Layer 4

      15.000 % 

 

Contract Year 2

    Participation  

Excess Layer 3

      9.632 % 

Excess Layer 4

      10.455 % 

of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.

All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.

 

 

ARP-HCI-02-CAT-202-14    I&L Endorsement No. 1 – ENDURB
DOC: June 3, 2015   

 

Signed in                                 , on this              day of                     , 20    

ENDURANCE SPECIALTY INSURANCE LTD.

BY:                                                             

TITLE:                                                             

Signed in                                 , on this              day of                     , 20    

HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.

TAMPA, FLORIDA

BY:                                                             

TITLE:                                                             

 

 

ARP-HCI-02-CAT-202-14    I&L Endorsement No. 1 – ENDURB
DOC: June 3, 2015