STOCK PURCHASE AGREEMENT dated as of August 13, 2008 by and among SECURITY NATIONAL LIFE INSURANCE COMPANY, SOUTHERN SECURITY LIFE INSURANCE COMPANY, INC. and THE SHAREHOLDERS THAT HAVE EXECUTED AGREEMENT BY SHAREHOLDERS OF SOUTHERN SECURITY LIFE...Stock Purchase Agreement • August 25th, 2008 • Security National Financial Corp • Finance services
THIS STOCK PURCHASE AGREEMENT (the "Agreement") is dated effective as of August 13, 2008, and entered into by and among SECURITY NATIONAL LIFE INSURANCE COMPANY, a Utah corporation (“Security National”), SOUTHERN SECURITY LIFE INSURANCE COMPANY, INC., a Mississippi corporation (“Southern Security”), and the shareholders of Southern Security that have executed the AGREEMENT BY SHAREHOLDERS OF SOUTHERN SECURITY LIFE INSURANCE COMPANY TO SELL SHARES IN STOCK PURCHASE TRANSACTION in the form attached as Annex I (the “Shareholders”).
REINSURANCE AGREEMENT dated as of August 13, 2008 by and among SECURITY NATIONAL LIFE INSURANCE COMPANY, SOUTHERN SECURITY LIFE INSURANCE COMPANY and THE SHAREHOLDERS OF SOUTHERN SECURITY LIFE INSURANCE COMPANYReinsurance Agreement • August 25th, 2008 • Security National Financial Corp • Finance services
THIS AGREEMENT (the "Agreement") is made and entered into, effective this 13th day of August, 2008 (the “Effective Date”), by and among SECURITY NATIONAL LIFE INSURANCE COMPANY, a Utah domiciled insurance company (hereinafter referred to as the “Reinsurer”), SOUTHERN SECURITY LIFE INSURANCE COMPANY, a Mississippi domiciled insurance company (hereinafter referred to as the “Company”), and the SHAREHOLDERS OF SOUTHERN SECURITY LIFE INSURANCE COMPANY that have executed this Agreement (hereinafter referred to as the “Shareholders”).
