Addendum No. 1 to Reinsurance Agreement between North Pointe Insurance Company and Midfield Insurance Company (Effective January 1, 2007)

Summary

This addendum modifies the existing reinsurance agreement between North Pointe Insurance Company and Midfield Insurance Company, effective January 1, 2007. It adds a new section specifying that the agreement does not cover insurance for glass, crime, fidelity, or forgery. All other terms of the original agreement remain unchanged. The addendum is executed by both parties in February 2007.

EX-10.40 9 k13130exv10w40.htm ADDENDUM NUMBER 1 TO REINSURANCE AGREEMENT, DATED JANUARY 1, 2007 exv10w40

Exhibit 10.40

ADDENDUM No. 1
to the
REINSURANCE AGREEMENT
between
NORTH POINTE INSURANCE COMPANY
(“Company”)
and
MIDFIELD INSURANCE COMPANY
(“Reinsurer”)
Effective: January 1, 2007.

Effective 12:01 a.m., Eastern Standard Time, January 1, 2007, the following shall be added to the REINSURANCE AGREEMENT:

Section 19. Exclusions shall be added as follows:

THIS AGREEMENT DOES NOT COVER THE FOLLOWING INSURANCE COVERAGES;

	1.		Glass.

	2.		Crime.

	3.		Fidelity.

	4.		Forgery.

All other terms and conditions of the Agreement shall remain unchanged.

IN WITNESS HEREOF, the parties hereto have caused this Addendum No. 1 to be executed this the ___ day of February, in the year of 2007.


		NORTH POINTE INSURANCE COMPANY
		Company
		By:


		Title:



		MIDFIELD INSURANCE COMPANY
		Reinsurer


		By:


		Title:

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