ENDORSEMENT NO 4 REVISED
Attached to and made a part of
AGREEMENT OF REINSURANCE
NO.7366
between
GENERAL REINSURANCE CORPORATION
and
OMNI INSURANCE COMPANY
OMM INDEMNITY COMPANY
IT IS MUTUALLY AGREED that, as respects new and renewal policies
becoming effective at and after 12:01 AM., January 1, 1994, the first sentence
of the second paragraph of Section 6 - REINSURANCE PREMIUM AND COMMISSION of
Exhibit A of this Agreement is amended to read as follows:
"The reinsurance premiums in (a) and (b) above shall be subject to a
fixed commission allowance of 40%."
IN WITNESS WHEREOF, the parties hereto have caused this Endorsement to
be executed in duplicate this 18th day of January, 1995.
GENERAL REINSURANCE CORPORATION
/s/ Xxxx X. Xxxxxxx
--------------------------------
Vice President
Attest: /s/ Xxxxx X. XxXxxxxxx
OMNI INSURANCE COMPANY
OMNI INDEMNITY COMPANY
/s/ X. Xxxx Xxxxxxx
--------------------------------
President
Attest: /s/ Xxxxxxx X. Xxxxxx
ENDORSEMENT NO.5
Attached to and made a part of
AGREEMENT OF REINSURANCE
NO. 7366
between
GENERAL REINSURANCE CORPORATION
and
OMNI INSURANCE COMPANY
OMNI INDEMNITY COMPANY
IT IS MUTUALLY AGREED that, as respects claims and losses resulting
from occurrences, insured under new and renewal policies of the Company written
in the following states effective at and after 12:01 AM. on the following
dates;
(a) Louisiana June 1, 1993
(b) Tennessee January 1, 1994
(c) Texas August 1, 1995
Appendix A (Revised: July 1, 1989), to Exhibit A of this Agreement is replaced
by Appendix A (Revised: June 1, 1993), attached hereto.
IT IS FURTHER AGREED that, as respects claims and losses resulting
from occurrences, insured under new and renewal policies of the Company
effective at and after 12:01 AM., August 1, 1995, exclusion (a) in Section 5 -
EXCLUSIONS of Exhibit A of this Agreement is amended to read as follows:
"(a) Business accepted by the Company as reinsurance from other
insurers, however this exclusion shall not apply to business
assumed from Gainsco County Mutual Insurance Company of
Texas;"
IN WITNESS WHEREOF, the parties hereto have caused this Endorsement to
be
executed in duplicate this 23rd day of October, 1995
GENERAL REINSURANCE CORPORATION
/s/ Xxxx X. Xxxxxxx
-------------------------------
Vice President
Attest: /s/ Xxxxx XxXxxxxxx
OMNI INSURANCE COMPANY
OMNI INDEMNITY COMPANY
/s/ X. Xxxx Xxxxxxx
-------------------------------
Attest: /s/ Xxxxxxx X. Xxxxxx
ENDORSEMENT NO. 6
Attached to and made a part of
AGREEMENT OF REINSURANCE
NO. 7366
between
GENERAL REINSURANCE CORPORATION
and
OMNI INSURANCE COMPANY
OMNI INDEMNITY COMPANY
IT IS MUTUALLY AGREED that, effective 12:01 A.M., February 3, 1995,
Exhibit A to this Agreement is amended as follows:
I - As respects claims first made against the Company at and after
such time and date, Section 1 is amended to read:
"Section 1 - LIABILITY OF THE REINSURER
The Reinsurer shall pay to the Company, with respect to personal
automobile liability business of the Company and loss in excess of policy
limits and extra contractual obligations incurred in conjunction therewith, the
amount of net loss in excess of the Company Retention but not exceeding the
Limits of Liability of the Reinsurer as set forth in the Schedule of
Reinsurance.
SCHEDULE OF REINSURANCE
---------------------------------------------------------------------------------------------------
Company Limits of Liability
Class of Business Retention of the Reinsurer
---------------------------------------------------------------------------------------------------
Personal Automobile Liability Per Appendix A The difference between
Business $1,000,000 each occurrence
and the Company Retention
Loss in Excess of Policy $350,000 each claim and 95% of $2,000,000 annual
Limits and Extra Contractual $3,000,000 annual aggre- aggregate* in excess of the
Obligations gate* excess of $350,000 Company Retention
each claim
* The annual aggregate applies to the period from February 3, 1995 to
February 3, 1996 and to each subsequent twelve month period."
--------------------------------------------------------------------------------
II - As respects claims first made against the Company at and after
such time and date, the second paragraph under paragraph (b) of
Section 4 - DEFINITIONS is amended to read:
"The date on which a loss in excess of policy limits or extra
contractual obligation is incurred by the Company shall be
deemed, in all circumstances, to be the date the claim is first
made against the Company."
III - The last paragraph of Section 6 - REINSURANCE PREMIUM AND
COMMISSION is amended to read:
"For coverage hereunder for loss in excess of policy limits and extra
contractual obligations, the Company shall pay to the Reinsurer a flat annual
reinsurance premium of $5,000, which shall be payable in the January, 1995
account and in the account for each subsequent January. Such flat annual
reinsurance premium is net, i.e., not subject to commission."
IV - Sub-paragraph (b) of Section 8 - COMMENCEMENT AND TERMINATION is
amended to read:
"(b) The Reinsurer shall not be liable for any claims first made
against the Company for loss in excess of policy limits or extra
contractual obligations at and after the effective time and date
of termination."
IN WITNESS WHEREOF, the parties hereto have caused this Endorsement to
be executed in duplicate this 10th day of September, 1996.
GENERAL REINSURANCE CORPORATION
/s/ Xxxx Xxxxxxx
-------------------------------
Vice President
Attest: /s/ Xxxxx X. XxXxxxxxx
OMNI INSURANCE COMPANY
OMNI INDEMNITY COMPANY
/s/ X. Xxxx Xxxxxxx
-------------------------------
Attest: /s/ Xxxxxxx X. Xxxxxx
