EXHIBIT 10(b)
ENDORSEMENT NO. 1
Attaching to and forming part of the RETROCESSION CONTRACT between
DORINCO REINSURANCE COMPANY, Midland, Michigan (hereafter referred to
as the "Retrocedant") AMERICAN HALLMARK INSURANCE COMPANY OF TEXAS,
Dallas, Texas (hereinafter referred to as the "Retrocessionaire").
IT IS AGREED, effective 12:01 a.m., Central Standard Time, April 1,
1999 that the following changes are made to this Contract:
1. ARTICLE V shall read as follows and not as heretofore:
The term "Underwriting Year" as used in this Contract shall mean
those Policies with inception, renewal or anniversary date during
each 12-month period commencing with each April 1, except that the
first Underwriting Year shall be the period from inception to
April 1, 1999, and all premium attributable to, and loss arising
out of such Policies from such inception, renewal or anniversary
date until expiration, cancellation, or next anniversary,
whichever occurs first, will be ascribed to the Underwriting Year.
2. A copy of Endorsement No. 2 to the Underlying Agreement is
attached to and made a part of this Retrocession Contract.
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
IN WITNESS WHEREOF, the parties hereto, by their authorized
representatives, have executed this Endorsement as of the following
dates:
In Midland, Michigan this _______________ day of ______________ , 1999.
DORINCO REINSURANCE COMPANY
By
(signature)
(name)
(title)
In Dallas, Texas this ___________________ day of ______________ , 1999.
AMERICAN HALLMARK INSURANCE COMPANY OF TEXAS
By
(signature)
(name)
(title)
