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Exhibit 10.l
 

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FILED
Feb 5 2013
 
 
OFFICE OF
INSURANCE REGULATION
Docketed by: /s/ EE    

 
 
 
OFFICE OF INSURANCE REGULATION
 
KEVIN M. MCCARTY
COMMISSIONER
 

IN THE MATTER OF: CASE NO: 130303-12-CO    
FEDERATED NATIONAL INSURANCE COMPANY
      __________________________________________________________/  

 
AMENDED CONSENT ORDER
 
THIS CAUSE came on for consideration as a result of a request from FEDERATED
NATIONAL INSURANCE COMPANY (hereinafter referred to as “FEDERATED NATIONAL”) to
the OFFICE OF INSURANCE REGULATION (hereinafter referred to as “OFFICE”) to
modify certain terms and conditions of a previously executed Consent Order No.
114165-1 0-CO, executed January 25, 2011 (hereinafter referred to as “CONSENT
ORDER” and attached as Exhibit A). After a complete review of the entire record
and upon consideration thereof, and otherwise being fully advised in the
premises, the OFFICE hereby finds as follows:
 
1. The OFFICE has jurisdiction over the subject matter and of the parties
herein.
 
2. FEDERATED NATIONAL is a Florida domiciled property and casualty insurance
company authorized to transact insurance in the state of Florida.
 
3. The OFFICE and FEDERATED NATIONAL agree that upon the execution of this
Amended Consent Order, FEDERATED shall be subject to the terms and conditions
contained herein.
 
4. FEDERATED NATIONAL is relieved of filing monthly financial statement as
required by paragraph 22 of the CONSENT ORDER.
 
 
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5. FEDERATED NATIONAL is relieved of filing the monthly report detailing new
homeowner’s premium written and in force as required by paragraph 23 of the
CONSENT ORDER.
 
6. FEDERATED NATIONAL is relieved of filing the monthly report of homeowners
policies non-renewed as required by paragraph 25 of the CONSENT ORDER.
 
7. Paragraph 16 of the CONSENT ORDER is amended to read:
 
SURVIVING ENTITY is required to maintain its total Homeowners Multi Peril
policies in force as reported in QUASR located in Broward, Miami-Dade and Palm
Beach Counties at a level that is equal to or below thirty five percent (35%) of
SURVIVING ENT ITY’s total Homeowners Multi Peril policies in force.
 
WHEREFORE, all other terms and conditions contained in Consent Order No. 114165-
10-CO, executed January 25, 2011, not otherwise modified as above, shall remain
in full force and effect, and all terms and conditions contained herein are
hereby ORDERED.
 
DONE and ORDERED this 5th day of February, 2013.
 

[image1.jpg]   /s/ Kevin McCarty    
Kevin McCarty, Commissioner
Office of Insurance Regulation
 

 
 
 
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By execution hereof, FEDERATED NATIONAL INSURANCE COMPANY consents to entry of
this Consent Order, agrees without reservation to all of the above terms and
conditions and shall be bound by all provisions herein. The undersigned
represents that he has the authority to bind FEDERATED NATIONAL INSURANCE
COMPANY to the terms and conditions of this Consent Order.
 

 
FEDERATED NATIONAL INSURANCE COMPANY
   
By:
/s/ Michael H. Braun  

  Print Name: Michael H. Braun            
Title:
President
 

Corporate Seal
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STATE OF Florida
COUNTY OF Broward
 
The foregoing instrument was acknowledged before me this 4th day of Feb 2013,
 

by Michael H. Braun as President     (name of person)   (type of authority e.g.
officer, trustee attorney in fact)   for Federated National Insurance Company  
      (company name)      

 

[image3.jpg]   /s/ Rebecca L. Campillo    
(Signature of the Notary)
 

 

    Rebecca L. Campillo      
(Print, Type or Stamp Commissioned Name of Notary)

Personally Known X OR Produced Identification    

Type of Identification Produced    

 
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