Addendum Number 1 to Reinsurance Agreement, dated January 1, 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.
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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