Exhibit 15
SECOND AMENDMENT
TO SECOND AMENDED AND RESTATED
REINSURANCE POOLING AGREEMENT
WHEREAS, the undersigned parties (Participants) entered into the
above-captioned agreement (Agreement) on December 14, 1992 and executed an
amendment thereto on February 18, 1993;
WHEREAS, pursuant to Section 8.1 of the Agreement, the Participants desire
to enter into a second amendment thereto; and
WHEREAS, on December 13, 1994, the terms of the amendment set out
hereinbelow were approved by the board of directors of each Participant and by
the Coordinating Committee;
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
and agreements set forth herein, the Participants hereby agree that, effective
January 1, 1995, Section 2.1 of the Agreement shall be deleted in its entirety
and replaced with the following:
Section 2.1. This Agreement shall be effective at 12:01 a.m., January 1,
1993, and shall continue in force as to each party hereto until terminated
as provided herein. Termination of any party's participation in the
Agreement prior to December 31, 2004 shall require Coordinating Committee
(as defined in Section 1.16) approval. Termination of any party's
participation in the Agreement effective on or at any time after December
31, 2004 may be effected by delivery of notice, pursuant to Article XVI
hereof, to each of the other parties setting forth the date upon which such
party intends to terminate its participation. Any such notice of intent to
terminate on or at anytime after December 31, 2004 must be given at least
sixty months prior to the date of termination set forth therein.
The parties further agree than, effective January 1, 1995, the following
sentence shall be added to the end of Section 3.7 of the Agreement:
The Administration Fee shall be subject to renegotiation by the parties at
any time during the term of the Agreement upon at lease sixty months
notice, pursuant to Article XVI hereof, by any party to the others.
IN WITNESS HEREOF, the undersigned parties hereto have executed this
amendment on the 10th day of February, 1995.
ALLIED Mutual Insurance Company AMCO Insurance Company
By: /s/ Xxxxxxx X. Xxxxxxxx By: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx Xxxxxxx X. Xxxxxxxx
President President
ALLIED Property & Casualty Depositors Insurance Company
Insurance Company
By: /s/ Xxxxxxx X. Xxxxxxxx By: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx Xxxxxxx X. Xxxxxxxx
President President
