AMENDMENT
This Amendment is made to Reinsurance Policy Number #17055-041 (for NY Metro
Medicaid members only) by the parties, Preferred Life Insurance Company of New
York ("Preferred Life") and WellCare of New York ("Plan").
In consideration of the promises contained herein, the past contractual
relationships of the parties, the desire of the parties for continuing into the
future a contractual relationship on mutually beneficial terms, and for other
considerations the sufficiency and receipt of which are hereby acknowledged by
the parties, the parties agree:
1. The Contract Year November 1, 1997 through October 31, 1998 is extended one
month, to November 30, 1998; and
2. That liability of Preferred Life for limited continuation of benefits under
Endorsements No. 1 is further limited in the aggregate to the first six
hundred thousand ($600,000) dollars of claims incurred by Preferred Life
under Endorsements No. 1, using the date of the health service to determine
which claims are first. In no event will Preferred Life be responsible for
more than six hundred thousand dollars of liability in the aggregate under
these Endorsements.
3. By signing this agreement, Plan does not waive any rights it may have under
policy #17055-041, by arbitrating the issue of the definition of contract
year, and effective date, and renewal date.
This Amendment is effective on the date signed below.
WELLCARE OF NEW YORK
By: /s/ Xxxxxx X. Xxxx
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Title: President/CEO
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Date Signed: 9-30-98
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PREFERRED LIFE INSURANCE COMPANY OF NEW YORK
By: /s/ Xxxxxxx X. Xxxxxxxxxxx
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Title: Secretary
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Date Signed: 9-30-98
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