TERMINATION ENDORSEMENT
(hereinafter referred to as the "Endorsement")
to the
SURETY $3,000,000 EXCESS OF $12,000,000 EXCESS OF LOSS
REINSURANCE AGREEMENT
(hereinafter referred to as the "Agreement")
between
WESTERN SURETY COMPANY
SURETY BONDING COMPANY OF AMERICA
UNIVERSAL SURETY OF AMERICA
(hereafter collectively referred to as the "Company")
and
CONTINENTAL CASUALTY COMPANY
(hereafter referred to as the "Reinsurer")
It is understood and agreed by and between the Company and the Reinsurer that
effective 12:00:01a.m., Standard Time, January 1, 2004, the Agreement is
cancelled in accordance with the provisions of Article II - TERM and the
Reinsurer shall have no liability for any loss discovered subsequent to
12:00:01a.m., Standard Time, January 1, 2004. Standard Time as used in this
Endorsement shall mean the location of the original insured.
All other terms and conditions of the Agreement remain unchanged.
IN WITNESS WHEREOF the parties acknowledge that no intermediary is involved in
or brought about this transaction, and the parties hereto, by their authorized
representatives, have executed this Endorsement:
on this day of 2004
WESTERN SURETY COMPANY
By:
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Name:
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Title:
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and on this day of 0000
XXXXXXXXX XXXXXX XX XXXXXXX
By:
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Name:
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Title:
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and on this day of 2004
SURETY BONDING COMPANY OF AMERICA
By:
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Name:
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Title:
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and on this day of 2004
CONTINENTAL CASUALTY COMPANY
By:
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Name:
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Title:
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