Interests and Liabilities Agreement of TypTap Insurance Company, dated June 16, 2021, with respect to the Property Quota Share Reinsurance Contract, dated June 1, 2021, issued to United Property & Casualty Insurance Company
Exhibit 10.27
INTERESTS AND LIABILITIES AGREEMENT
(the Agreement)
of
TYPTAP INSURANCE COMPANY
Tampa, FL
(NAIC: 15885)
(the Subscribing Reinsurer)
with respect to the
PROPERTY QUOTA SHARE REINSURANCE CONTRACT
(the Contract)
issued to
UNITED PROPERTY & CASUALTY INSURANCE COMPANY
St. Petersburg, Florida
(the Company)
The Subscribing Reinsurer shall have a 50.0% share in the interests and liabilities of the Reinsurer as set forth in the Contract attached hereto and executed by the Company.
This Agreement shall commence at 12:01 a.m., Eastern Time, June 1, 2021 and shall continue in force until 12:01 a.m., Eastern Time, June 1, 2022.
The share of the Subscribing Reinsurer in the interests and liabilities of the Reinsurer shall be several and not joint with the share of any other subscribing reinsurer. In no event shall the Subscribing Reinsurer participate in the interests and liabilities of the other subscribing reinsurers.
IN WITNESS WHEREOF, the Subscribing Reinsurer by its duly authorized representative has executed this Agreement as of the date specified below:
Signed this 16th day of June, 2021. | ||
TYPTAP INSURANCE COMPANY | ||
By | /s/ Kevin A. Mitchell | |
Printed Name | Kevin A. Mitchell | |
Title | President |