ENDORSEMENT
Attached to and forming part of PROPERTY AND CASUALTY EXCESS OF LOSS
REINSURANCE AGREEMENT NO. 3154-0026 between PENN-AMERICA INSURANCE COMPANY,
PENN-STAR INSURANCE COMPANY, both of Hatboro, Pennsylvania and PENN-PATRIOT
INSURANCE COMPANY of Richmond, Virginia (hereinafter referred to as the
`Company'), and AMERICAN RE-INSURANCE COMPANY, a Delaware Corporation with
administrative offices in Princeton, New Jersey (hereinafter referred to as
the "Reinsurer").
It is understood and agreed by the parties hereto, that effective 12:01
a.m., Eastern Standard Time, January 1, 2004, this Agreement is amended to
read as follows:
I. The "Slender Lady Program" is added as an exception to Exclusion C. 1
of the EXCLUSIONS Article and the exclusion reads as follows:
1. Professional Liability or Errors and Omissions Coverage other
than for the following:
a. "Beau-T-Pak";
b. Barbers;
c. Opticians;
d. Veterinarians that treat household pets;
e. Morticians;
f. Clergy;
g. Employee Benefits Liability (E&O Coverage);
h. Druggists;
i. "Day Care Pak";
j. "Adult Day Care";
k. "Health Club Pak";
l. "Instructor Pak";
m. In-Home Day Care;
n. "Pet Pak";
o. "Wellness Pak";
p. "Massage Program"; or
q. "Slender Lady Program".
II. Professional Liability maximum policy limits are added to Xxxxxxx 0,
XXXXXXXX of EXHIBIT B, CASUALTY EXCESS OE LOSS, and Section 6 reads as
follows:
Section 6
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WARRANTY
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The maximum limits of liability for any one policy of the Company shall be
deemed not to exceed the following:
No. 3154-026-E001
1. General Liability - $1,000,000 each occurrence and $2,000,000 general
aggregate.
a) As respects Products and Completed Operations - $1,000,000 in the
aggregate.
2. Massage Program - - $2,000,000 each occurrence and $3,000,000 general
aggregate.
3. Professional Liability -- $1,000,000 each occurrence and $2,000,000
general aggregate.
4. Professional Liability "Slender Lady Program" - $1,000,000 each
occurrence and $3,000,000 general aggregate.
IN WITNESS WHEREOF the parties hereto have caused this Endorsement to be
executed in duplicate in Hatboro, Pennsylvania, this 10th day of September,
2004;
ACCEPTED:
PENN-AMERICA INSURANCE COMPANY
PENN-STAR INSURANCE COMPANY
PENN-PATRIOT INSURANCE COMPANY
-----------------------------------
and in Princeton, New Jersey, this 9th Day of September 2004.
AMERICAN RE-INSURANCE COMPANY
-------------------------------
Vice President
DATED: August 9, 2004
RG/rg
