Exhibit 10 (bg)
ENDORSEMENT NO. 2
Attaching to and forming part of the 100% QUOTA SHARE REINSURANCE
AGREEMENT by and among the Reinsurer specifically identified on the
signature page of this Agreement, ("Reinsurer"), STATE AND COUNTY
MUTUAL FIRE INSURANCE COMPANY, an insurance company organized under the
laws of the State of Texas ("Company"), XXXXXX GENERAL AGENCY, INC., a
corporation organized under the laws of the State of Texas ("General
Agent") and AMEREICAN HALLMARK GENERAL AGENCY, INC., a corporation
organized under the laws of the State of Texas ("Program
Administrator").
IT IS AGREED, effective 12:01 A.M., Central Standard Time on July 1,
1997 that ARTICLE XXX - PARTICIPATION, the first paragraph will read as
follows and not as heretofore:
This Agreement obligates the Reinsurer for 60.00% of the interests and
liabilities set forth under this Agreement.
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
IN WITNESS WHEREOF, the Parties hereto by their respective duly
authorized representatives have executed this Agreement as of the dates
first above mentioned.
DATED: June 22, 1998 STATE AND COUNTY MUTUAL FIRE
INSURANCE COMPANY
By:_______________________________
IT'S:____________________________________
