AMENDMENT NO. 2 TO THE SPECIALTY UNDERWRITERS’ ALLIANCE, INC. PARTNER AGENT PROGRAM AGREEMENT
Exhibit 10.1.1
This amendment (“Amendment”) is made and entered into as of the 14th day of March, 2006 by and
between American Team Managers (“ATM”) and Specialty Underwriters’ Alliance, Inc., and amends the
Partner Agent Program Agreement (“Agreement”) entered into by the parties on May 1, 2004, 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:
1. The E-Comp. Maximum Rate of Commission, as listed in Exhibit A, Section A shall be deleted in
its entirety and replaced with the following:
| Program Description | Line of Business | Maximum Rate of Commission | ||
E-comp.
|
Workers’ Comp. | 15% for new business; 12% for renewal business effective January 1, 2006. | ||
Intermodal/Trucking
produced solely through
RSI Insurance Brokers, Inc.
|
Auto, General Liability and Garage Liability | 15% |
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/ XXXXXXXX X. XXXXX | |||
| Name: Xxxxxxxx X. Xxxxx | ||||
| Title: President and CEO | ||||
| AMERICAN TEAM MANAGERS | ||||
By:
|
/s/ XXXXX XXXXXXXX | |||
| Name: Xxxxx Xxxxxxxx | ||||
| Title: President and CEO | ||||
