AMENDMENT NO. 3 TO THE SPECIALTY UNDERWRITERS’ ALLIANCE, INC. PARTNER AGENT PROGRAM AGREEMENT
Exhibit 10.1.63
This amendment (“Amendment”) is made and entered into as of December 31, 2006 (“Effective
Date”) by and between Appalachian Underwriters, 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 October 11, 2005, 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 | ||||
Artisan Contractor &
General Contractor in
the states specifically
described in the
underwriting guidelines
of the Company
|
General Liability and Automobile | 15 | % | |||
E-Comp. in the states
specifically described in the
underwriting guidelines of
the Company
|
Workers’ Comp. | 12 | % | |||
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:
|
/s/ Xxxxxxx X. Xxxxx | |||
NAME:
|
||||
TITLE:
|
Senior Vice President, Chief Underwriting Officer | |||
| APPALACHIAN UNDERWRITERS, INC. | ||||
BY:
|
/s/ Xxxxxx X. Xxxxxxx
|
|||
NAME:
|
|
|||
TITLE:
|
President | |||
