Partner Agent Assignment and Assumption Agreement among Risk Transfer Holdings, Inc., Risk Transfer Programs, LLC, and SUA Insurance Company

Summary

This agreement, dated June 10, 2009, is between Risk Transfer Holdings, Inc. (RTH), Risk Transfer Programs, LLC (RTP), and SUA Insurance Company. RTH transfers all its rights and obligations as Partner Agent under a prior agreement with SUA Insurance Company to RTP. RTP accepts and assumes these rights and obligations, and SUA Insurance Company consents to the transfer, releasing RTH from any further duties under the original agreement. The agreement formalizes the change in responsibility for the Partner Agent role among the parties.

EX-10.7 8 c52879exv10w7.htm EX-10.7 exv10w7

Exhibit 10.7

Partner Agent
Assignment and Assumption Agreement

This Partner Agent Assignment and Assumption Agreement (the “Agreement”) is made and entered into as of June 10, 2009 by and between Risk Transfer Holdings, Inc., to include all related entities, affiliates and subsidiaries contemplated within the Amended and Restated SUA Insurance Company Partner Agent Program Agreement (collectively, “RTH”), Risk Transfer Programs, LLC (“RTP”) and SUA Insurance Company (the “Company”).

WHEREAS, RTH wishes to transfer to RTP the rights, authority and obligations as Partner Agent, as defined by the Amended and Restated SUA Insurance Company Partner Agent Program Agreement (the “Partner Agent Agreement”) dated June 10, 2009 and entered into by the Company and RTH;

NOW, THEREFORE, in consideration of the mutual agreements and covenants set forth herein and in accordance with Section IX.D. of the Partner Agent Agreement, the parties hereto, intending to be legally bound hereby, agree as follows:

1. RTH hereby transfers and assigns all the rights, authority, duties and obligations set forth and contained within the Partner Agent Agreement to RTP.

2. RTP hereby assumes all the rights, authority, duties and obligations as Partner Agent under the Partner Agent Agreement, and also agrees to be fully bound by the terms and conditions set forth within the Partner Agent Agreement.

3. The Company hereby agrees to the terms of this Agreement, recognizes and approves this assignment, pursuant to the terms and conditions of the Partner Agent Agreement, and hereby relieves and fully releases and discharges RTH of and from any and all duties or obligations contemplated within or arising from the Partner Agent Agreement.

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IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized representatives of the parties hereto as of the date written above.

SPECIALTY UNDERWRITERS’ ALLIANCE, INC.



By:	/s/ Daniel A. Cacchione
Name:	Daniel A. Cacchione
Title:	Senior Vice President, Chief Underwriting Officer

RISK TRANSFER HOLDINGS, INC.



By:	/s/ Paul R. Hughes
Name:	Paul R. Hughes
Title:	Chief Executive Officer

Risk Transfer Programs, LLC



By:	/s/ Paul R. Hughes
Name:	Paul R. Hughes
Title:	Chief Executive Officer