AMENDMENT NO. 3 TO THE SPECIALTY UNDERWRITERS’ ALLIANCE, INC. PARTNER AGENT PROGRAM AGREEMENT
Exhibit 99.6
This amendment (“Amendment”) is made and entered into as of the 12th day of September, 2006
and is effective as of September 1, 2006 (“Effective Date”), by and between American Patriot
Insurance Agency, Inc. (“Partner Agent”) and Specialty Underwriters’ Alliance, Inc. and its
property and casualty insurance subsidiaries and affiliates (collective, the “Company”), and amends
the PARTNER AGENT PROGRAM AGREEMENT (“Agreement”), entered into by the parties on January 24, 2006,
as amended. Any terms defined in the Agreement and used herein shall have the same meaning in this
Amendment as in the Agreement. In the event that any provision of this Amendment and any provision
of the Agreement are inconsistent or conflicting, the inconsistent or conflicting provision of this
Amendment shall be and constitute an amendment of the Agreement and shall control, but only to the
extent that such provision is inconsistent or conflicting with the Agreement. Any capitalized
terms not defined herein shall be defined as in the Agreement.
Now, therefore, in accordance with Section IX, D of the Agreement and in consideration of the
mutual agreements and covenants hereinafter set forth, the parties wish to amend the Agreement as
follows:
Exhibit A, Section A shall be deleted in its entirety and replaced with the following:
| A. | Except as otherwise provided in this Commission Schedule, Partner Agent’s Commission shall be as follows: |
| Program Description | Line of Business | Maximum Rate of Commission | ||
Roofing Contractors in
the states specifically
described in the
underwriting guidelines
of the Company
|
General Liability and Commercial Automobile | 16% for business written through retail brokerage; 12% for business written direct or through American American Builders & Contractors Supply Co., Inc. also d/b/a ABC Supply Co., Inc.; provided that the overall rate of commission shall not exceed 15% |
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed on their
behalf by their duly authorized officers as of the day, month and year above written.
| SPECIALTY UNDERWRITERS’ ALLIANCE, INC. | ||||
BY: NAME: |
/s/ Xxxxxxx X. Xxxxx
|
|||
TITLE:
|
Senior Vice President, Chief Underwriting Officer | |||
| AMERICAN PATRIOT INSURANCE AGENCY, INC. | ||||
BY: NAME: |
/s/ Xxxx Xxxxx
|
|||
TITLE:
|
President | |||
