Exhibit 10.12 ENDORSEMENT NO. 2 Attached to and made a part of the PROPERTY PER RISK EXCESS OF LOSS REINSURANCE AGREEMENT NO. 5320-01A/01B between NATIONAL REINSURANCE CORPORATION Stamford, Connecticut (hereinafter referred to as the "REINSURER") and...

 
                                                                   Exhibit 10.12

ENDORSEMENT NO. 2

Attached to and made a part of the

PROPERTY PER RISK EXCESS OF LOSS
REINSURANCE AGREEMENT NO. 5320-01A/01B

between

NATIONAL REINSURANCE CORPORATION
Stamford, Connecticut
(hereinafter referred to as the "REINSURER")

and

MERCURY CASUALTY COMPANY
Los Angeles, California
(hereinafter referred to as the "COMPANY")

 
IT IS MUTUALLY AGREED that effective from the inception of this Agreement (i.e.,
12: 01 a.m., April 1, 1995), all references in the Agreement and in Endorsement
No. 1 to "MERCURY CASUALTY INSURANCE COMPANY" are corrected to read "MERCURY
CASUALTY COMPANY."

All other terms and conditions remain unchanged.


IN WITNESS WHEREOF, the parties hereto have caused this Endorsement No. 2 to be
executed in Los Angeles, California, in duplicate this            day of
       , 1995.

                              MERCURY CASUALTY COMPANY


                              ________________________



ATTEST:______________________


And in Stamford, Connecticut, this          day of              , 1995.


                              NATIONAL REINSURANCE CORPORATION


                              ________________________________
                                    Second Vice President


ATTEST:______________________