Amendment No. 4 to Cost Allocation Agreement among Zenith National Insurance Corp. and Affiliates
This amendment, effective June 30, 1998, updates a prior cost allocation agreement among Zenith National Insurance Corp. and several affiliated companies. It terminates Amendment No. 3 to the agreement due to the merger of Zenith Insurance Company of Florida into Zenith Insurance Company, with the latter as the surviving entity. All other terms of the original cost allocation agreement remain unchanged. The amendment is executed by authorized representatives of all involved parties.
QuickLinks -- Click here to rapidly navigate through this document
Exhibit 10.5
AMENDMENT NO. 4
TO
COST ALLOCATION AGREEMENT
WHEREAS, Zenith National Insurance Corp., Zenith Insurance Company, ZNAT Insurance Company, CalFarm Insurance Company, CalFarm Insurance Agency, Zenith Star Insurance Company, and Zenith Insurance Company of Florida have previously entered into a Cost Allocation Agreement; and
WHEREAS, effective June 30, 1998, Zenith Insurance Company of Florida has been merged with Zenith Insurance Company and Zenith Insurance Company is the surviving corporation;
IN CONSIDERATION OF THE PREMISES, the parties agree as follows:
- 1.
- Effective June 30, 1998, Amendment No. 3 to the Cost Allocation Agreement is terminated.
- 2.
- In all other respects the Cost Allocation Agreement remains unchanged,
IN WITNESS WHEREOF, each of the undersigned parties has caused this Amendment No. 4 to be executed on its behalf, this 15th day of July, 1998.
| ZENITH NATIONAL INSURANCE CORP. | ZENITH INSURANCE COMPANY | |||||
| By: | /s/ JOHN J. TICKNER | By: | /s/ JOHN J. TICKNER | |||
| ZENITH STAR INSURANCE COMPANY | CALFARM INSURANCE COMPANY | |||||
| By: | /s/ JOHN J. TICKNER | By: | /s/ JOHN J. TICKNER | |||
| CALFARM INSURANCE AGENCY | ZNAT INSURANCE COMPANY | |||||
| By: | /s/ JOHN J. TICKNER | By: | /s/ JOHN J. TICKNER | |||
QuickLinks
