Residential Quota Share Reinsurance Contract
Exhibit 10.5
Addendum 1
to the
Residential Quota Share
Reinsurance Contract
Effective: April 1, 2014
entered into by
Homeowners of America Insurance Company
Irving, Texas
including any and/or all companies that are or may hereafter become affiliated therewith
It Is Hereby Agreed, effective at 12:01 a.m., Central Standard Time, April 1, 2014, that paragraph J of Article 6 - Retention and Limit - shall be amended to read as follows:
"J. | 'Contract year' as used herein shall mean the period from 12:01 a.m., Central Standard Time, April 1, 2014, to 12:01 a.m., Central Standard Time, April 1, 2015, and each respective 12‑month period thereafter that this Contract continues in force shall be a separate contract year. However, if this Contract or the participation of a Subscribing Reinsurer is terminated on a 'cutoff' basis, the final contract year, as applicable, shall be from the beginning of the then current contract year until the effective time and date of termination. In the event this Contract or the participation of a Subscribing Reinsurer is terminated on a 'runoff' basis, the period after the effective time and date of termination through the end of the 'runoff' period shall be considered a separate contract year." |
All other terms and conditions of the captioned Contract shall remain unchanged.
In Witness Whereof, the Company by its duly authorized representative has executed this Addendum as of the date specified below:
This ________________ day of ____________________________ in the year ____________.
Homeowners of America Insurance Company (for and on behalf of the "Company")
_______________________________________________________
14\H00H1006-002
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Endorsement 1
to the
Interests and Liabilities Agreement
attached to and forming part of the
Residential Quota Share
Reinsurance Contract
Effective: April 1, 2014
entered into by and between
Homeowners of America Insurance Company
Irving, Texas
including any and/or all companies that are or may hereafter become affiliated therewith
and
Xxxxxx Re Switzerland Ltd. (Bermuda Branch)
Zurich, Switzerland
Zurich, Switzerland
(hereinafter referred to as the "Subscribing Reinsurer")
The Subscribing Reinsurer hereby accepts Addendum 1, as duly executed by the Company, as part of the Contract, effective at 12:01 a.m., Central Standard Time, April 1, 2014.
In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Endorsement as of the date specified below:
This ________________ day of ____________________________ in the year ____________.
Xxxxxx Re Switzerland Ltd. (Bermuda Branch)
_______________________________________________________
14\H00H1006-002
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Endorsement 1
to the
Interests and Liabilities Agreement
attached to and forming part of the
Residential Quota Share
Reinsurance Contract
Effective: April 1, 2014
entered into by and between
Homeowners of America Insurance Company
Irving, Texas
including any and/or all companies that are or may hereafter become affiliated therewith
and
Everest Reinsurance Company
A Delaware Corporation
A Delaware Corporation
(hereinafter referred to as the "Subscribing Reinsurer")
The Subscribing Reinsurer hereby accepts Addendum 1, as duly executed by the Company, as part of the Contract, effective at 12:01 a.m., Central Standard Time, April 1, 2014.
In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Endorsement as of the date specified below:
This ________________ day of ____________________________ in the year ____________.
Everest Reinsurance Company
_______________________________________________________
14\H00H1006-002
|
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Endorsement 1
to the
Interests and Liabilities Agreement
attached to and forming part of the
Residential Quota Share
Reinsurance Contract
Effective: April 1, 2014
entered into by and between
Homeowners of America Insurance Company
Irving, Texas
including any and/or all companies that are or may hereafter become affiliated therewith
and
Montpelier Reinsurance Ltd.
Pembroke, Bermuda
Pembroke, Bermuda
(hereinafter referred to as the "Subscribing Reinsurer")
The Subscribing Reinsurer hereby accepts Addendum 1, as duly executed by the Company, as part of the Contract, effective at 12:01 a.m., Central Standard Time, April 1, 2014.
In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Endorsement as of the date specified below:
This ________________ day of ____________________________ in the year ____________.
Montpelier Reinsurance Ltd.
_______________________________________________________
14\H00H1006-002
|
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Endorsement 1
to the
Interests and Liabilities Agreement
attached to and forming part of the
Residential Quota Share
Reinsurance Contract
Effective: April 1, 2014
entered into by and between
Homeowners of America Insurance Company
Irving, Texas
including any and/or all companies that are or may hereafter become affiliated therewith
and
Odyssey Reinsurance Company
Stamford, Connecticut
Stamford, Connecticut
(hereinafter referred to as the "Subscribing Reinsurer")
The Subscribing Reinsurer hereby accepts Addendum 1, as duly executed by the Company, as part of the Contract, effective at 12:01 a.m., Central Standard Time, April 1, 2014.
In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Endorsement as of the date specified below:
This ________________ day of ____________________________ in the year ____________.
Odyssey Reinsurance Company
_______________________________________________________
14\H00H1006-002
|
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Endorsement 1
to the
Interests and Liabilities Agreement
attached to and forming part of the
Residential Quota Share
Reinsurance Contract
Effective: April 1, 2014
entered into by and between
Homeowners of America Insurance Company
Irving, Texas
including any and/or all companies that are or may hereafter become affiliated therewith
and
SCOR Reinsurance Company
New York, New York
New York, New York
(hereinafter referred to as the "Subscribing Reinsurer")
The Subscribing Reinsurer hereby accepts Addendum 1, as duly executed by the Company, as part of the Contract, effective at 12:01 a.m., Central Standard Time, April 1, 2014.
In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Endorsement as of the date specified below:
This ________________ day of ____________________________ in the year ____________.
SCOR Reinsurance Company
_______________________________________________________
14\H00H1006-002
|
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Endorsement 1
to the
Interests and Liabilities Agreement
attached to and forming part of the
Residential Quota Share
Reinsurance Contract
Effective: April 1, 2014
entered into by and between
Homeowners of America Insurance Company
Irving, Texas
including any and/or all companies that are or may hereafter become affiliated therewith
and
Taiping Reinsurance Co. Ltd.
Hong Kong
Hong Kong
(hereinafter referred to as the "Subscribing Reinsurer")
The Subscribing Reinsurer hereby accepts Addendum 1, as duly executed by the Company, as part of the Contract, effective at 12:01 a.m., Central Standard Time, April 1, 2014.
In Witness Whereof, the Subscribing Reinsurer by its duly authorized representative has executed this Endorsement as of the date specified below:
This ________________ day of ____________________________ in the year ____________.
Taiping Reinsurance Co. Ltd.
_______________________________________________________
14\H00H1006-002
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