ADDENDUM NO. 1 to the COMBINED PROPERTY AND LIABILITY QUOTA SHARE REINSURANCE AGREEMENT (hereinafter referred to as the "Agreement") between THE COMMERCE GROUP, INC., consisting of: THE COMMERCE INSURANCE COMPANY CITATION INSURANCE COMPANY both of...Combined Property and Liability Quota Share Reinsurance Agreement • November 3rd, 2005 • Commerce Group Inc /Ma • Fire, marine & casualty insurance
IT IS HEREBY MUTUALLY AGREED that, effective 12:01 a.m., Eastern Standard Time, 12:01 a.m., July 1, 2005, Article 1 - BUSINESS COVERED of this Agreement is deleted in it's entirety and replaced with the following:
