EXHIBIT 10.24
ENDORSEMENT NO. 4
Attached to and made a part of
AUTOMOBILE QUOTA SHARE
AGREEMENT OF REINSURANCE NO. 8937
between
SAFE AUTO INSURANCE COMPANY
(herein referred to as the "Company")
and
GENERAL REINSURANCE CORPORATION
(herein referred to as the "Reinsurer")
IT IS MUTUALLY AGREED that as respects new and renewal policies of the Company
becoming effective at and after 12:01 A.M., April 1, 2004, and policies of the
Company in force at 12:01 A.M., April 1, 2004, with respect to claims and losses
resulting from Occurrences taking place at and after the aforesaid time and
date, the SCHEDULE OF REINSURANCE set forth in ARTICLE V - LIABILITY OF THE
REINSURER is amended to read:
"SCHEDULE OF REINSURANCE
Company's Quota Reinsurer's Quota Limit of Liability
Share Percentage Share Percentage of the Reinsurer
85% 15% 15% of $50.000
The sum of 15% of $900 shall be deducted from the Reinsurer's share of Net Loss
sustained hereunder arising out of each Occurrence."
IN WITNESS WHEREOF, the parties hereto have caused this Endorsement to be
executed
GENERAL REINSURANCE CORPORATION
A Brekshire Hathaway Company
in duplicate,
this 29 day of July, 2004,
SAFE AUTO INSURANCE COMPANY
/s/ Xxxxxxx Xxxxxx
------------------------
Attest:____________
and this 29 day of July, 2004.
GENERAL REINSURANCE CORPORATION
/s/ Xxx Xxxxxxxx
---------------------------
Vice President
Attest: /s/ Xxxxxxx X. Xxxxxxxxxxx
---------------------------
-2-
Endorsement No. 4
Agreement No. 8937
GENERAL REINSURANCE CORPORATION
