EXHIBIT 10.61
ARP-HCI-02-CAT-202-14 | ||
DOC: June 3, 2015 |
ENDORSEMENT NO. 1
to the
INTERESTS AND LIABILITIES AGREEMENT
attaching to, and forming part of, the
MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT
(hereinafter called the “Contract”)
EFFECTIVE: JUNE 1, 2014
issued to
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
(hereinafter called the “Reinsured”)
by
ENDURANCE SPECIALTY INSURANCE LTD.
(hereinafter called, with other participants, the “Reinsurer”)
Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows:
Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants
Contract Year 1 | Participation | |||
Excess Layer 3 | 15.000 | % | ||
Excess Layer 4 | 15.000 | % |
Contract Year 2 | Participation | |||
Excess Layer 3 | 9.632 | % | ||
Excess Layer 4 | 10.455 | % |
of the liability in the layer(s) described in the attached Contract including the same corresponding proportional participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above.
All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged.
ARP-HCI-02-CAT-202-14 | I&L Endorsement No. 1 – ENDURB | |
DOC: June 3, 2015 |
Signed in , on this day of , 20
ENDURANCE SPECIALTY INSURANCE LTD.
BY:
TITLE:
Signed in , on this day of , 20
HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC.
TAMPA, FLORIDA
BY:
TITLE:
ARP-HCI-02-CAT-202-14 | I&L Endorsement No. 1 – ENDURB | |
DOC: June 3, 2015 |