0001035704-06-000065 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • February 3rd, 2006 • Old Mutual Insurance Series Fund • Delaware

AGREEMENT made as of this ___ day of ___, 2006 by and among Old Mutual Capital, Inc. (the “Adviser”), Munder Capital Management (the “Sub-Adviser”), and Old Mutual Insurance Series Fund, a Delaware statutory trust (the “Trust”).

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INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • February 3rd, 2006 • Old Mutual Insurance Series Fund • Delaware

AGREEMENT made as of this ___ day of , 2006 by and among Old Mutual Capital, Inc. (the “Adviser”), Eagle Asset Management, Inc. (the “Sub-Adviser”), and Old Mutual Insurance Series Fund, a Delaware statutory trust (the “Trust”).

INTERIM INVESTMENT SUB-ADVISORY AGREEMENT
Interim Investment Sub-Advisory Agreement • February 3rd, 2006 • Old Mutual Insurance Series Fund • Delaware

AGREEMENT made as of this 1st day of January, 2006, by and among Old Mutual Capital, Inc. (the “Adviser”), Eagle Asset Management, Inc. (the “Sub-Adviser”), and Old Mutual Insurance Series Fund, a Delaware statutory trust (the “Trust”).

INTERIM INVESTMENT SUB-ADVISORY AGREEMENT
Interim Investment Sub-Advisory Agreement • February 3rd, 2006 • Old Mutual Insurance Series Fund • Delaware

AGREEMENT made as of this 1st day of January, 2006, by and among Old Mutual Capital, Inc. (the “Adviser”), CastleArk Management, LLC (the “Sub-Adviser”), and Old Mutual Insurance Series Fund, a Delaware statutory trust (the “Trust”).

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • February 3rd, 2006 • Old Mutual Insurance Series Fund • Delaware

AGREEMENT made as of this ___ day of , 2006 by and among Old Mutual Capital, Inc. (the “Adviser”), Columbus Circle Investors (the “Sub-Adviser”), and Old Mutual Insurance Series Fund, a Delaware statutory trust (the “Trust”).

INTERIM INVESTMENT SUB-ADVISORY AGREEMENT
Interim Investment Sub-Advisory Agreement • February 3rd, 2006 • Old Mutual Insurance Series Fund • Delaware

AGREEMENT made as of this 1st day of January, 2006, by and among Old Mutual Capital, Inc. (the “Adviser”), Columbus Circle Investors (the “Sub-Adviser”), and Old Mutual Insurance Series Fund, a Delaware statutory trust (the “Trust”).

INTERIM INVESTMENT ADVISORY AGREEMENT
Interim Investment Advisory Agreement • February 3rd, 2006 • Old Mutual Insurance Series Fund • Delaware

AGREEMENT, entered into as of this 1st day of January, 2006 between Old Mutual Capital, Inc. (the “Adviser”) and Old Mutual Insurance Series Fund (the “Trust”).

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • February 3rd, 2006 • Old Mutual Insurance Series Fund • Delaware

AGREEMENT made as of this ___ day of , 2006 by and among Old Mutual Capital, Inc. (the “Adviser”), Liberty Ridge Capital, Inc. (the “Sub-Adviser”), and Old Mutual Insurance Series Fund, a Delaware statutory trust (the “Trust”).

MANAGEMENT AGREEMENT
Management Agreement • February 3rd, 2006 • Old Mutual Insurance Series Fund • Delaware

AGREEMENT, entered into as of this day of , 2006 between Old Mutual Capital, Inc. (the “Investment Manager”) and Old Mutual Insurance Series Fund (the “Fund”).

OLD MUTUAL INSURANCE SERIES FUND EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • February 3rd, 2006 • Old Mutual Insurance Series Fund • Delaware

This EXPENSE LIMITATION AGREEMENT, effective as of January 1, 2006, by and between Old Mutual Insurance Series Fund (the “Trust”), on behalf of each portfolio of the Trust set forth in Schedule A (each a “Portfolio”, and collectively, the “Portfolios”), and Old Mutual Capital, Inc. (the “Investment Manager”).

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