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                                                                   Exhibit 10.29

                  NEW JERSEY STATE MEDICAL UNDERWRITERS, INC.

                           DEFERRED COMPENSATION PLAN

The Non-Qualified Deferred Compensation Agreement ("Agreement" or "Plan") is 
entered into and effective December 31, 1998 ("Effective Date"), by and between 
New Jersey State Medical Underwriters, Inc. ("Employer" or "Corporation") and 
Kenneth M. Koreyva (hereinafter sometimes referred to as "Employee" or 
"Participant").

WITNESSETH THAT:

In consideration of the agreements hereinafter contained the parties hereto 
agree as follows:

1.1  ESTABLISHMENT OF PLAN. Employer hereby establishes this Deferred
     Compensation Plan which shall become effective as of the date selected by
     Employer. The Plan shall be maintained for the exclusive benefit of
     Employee.

1.2  NATURE OF PLAN. The Plan is intended to be and at all times shall be
     interpreted and administered so as to qualify as an unfunded plan of
     deferred compensation for purposes of the Internal Revenue Code of 1986, as
     amended, and regulations thereunder, and the Employee Retirement Income
     Security Act of 1974.

1.3  PURPOSE OF PLAN. The purpose of this Plan is to enable Employee to enhance
     his financial security by permitting him to enter into this agreement with
     Employer to defer his compensation and receive benefits in a future year.

1.4  APPLICABLE COMPENSATION. Elections to defer compensation shall be made with
     respect to compensation not yet earned. In the case of bonuses or other
     nonperiodic payments, such compensation shall be treated as earned no
     earlier than the day on which the amount payable has been determined. In
     the case of periodic payments such as salary, such compensation shall be
     treated as earned no earlier than the day prior to the day on which the
     service period giving rise to the salary has commenced.

1.5  DEFERRAL OF COMPENSATION. Employee shall make an irrevocable election to
     defer compensation to be paid by Employer by the signing of an Election to
     Defer in the form approved by Employer. Deferrals under such elections
     shall be effective on the date the Election to Defer is properly
     completed by Employee and accepted by Employer. Employer shall acknowledge
     receipt of Employee's deferral election by signing the Election to Defer
     and returning it to Employee within 14 days of receipt.

1.6  EARNINGS. Interest shall be credited monthly by Employer on amounts
     deferred under this Plan at a rate of return equal to the aggregate
     investment portfolio total rate of return for the Medical Inter-Insurance
     Exchange of New Jersey or, if applicable, the return directly associated
     with any specific investment alternatives chosen by Employee and approved
     by Employer, including, but not limited to, any income (loss) and realized
     and unrealized gains (losses). Employee may change selected investment
     alternatives on a prospective basis only.

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1.7  COMMENCEMENT OF DISTRIBUTIONS. Distribution of benefits to Participant
     under the Plan shall commence no earlier than January 15, 2004 provided,
     however, that distribution shall be accelerated in the event Employee
     separates from service of Employer for any reason prior to January 15,
     2004. In such event, Plan benefits shall commence within 60 days after such
     separation from service: Notwithstanding the foregoing, if Participant dies
     prior to the time his benefits under this Plan have been distributed in
     full, any remaining portion of benefits yet to be distributed under this
     Plan shall be distributed as soon as administratively practicable to
     Participant's estate or such other beneficiary as designated by Participant
     on a Beneficiary Designation Form.

1.8  MANNER OF PAYMENT. Distributions shall be made in cash by Employer except
     to the extent that Participant elects to receive payment in the form of
     property that was designated as an investment alternative as provided in
     Section 1.6 of this Agreement. In such case, any cash due shall be reduced
     by the fair market value of such in kind payment at the time of the
     distribution.

1.9  PLAN ADMINISTRATION. The Corporation shall be responsible for the
     administration of the Plan, including any associated costs.

1.10 OWNERSHIP OF ASSETS. All amounts of compensation deferred under the Plan,
     all property and rights purchased with such amounts, and all income
     attributable to such amounts, property, or rights shall remain (until made
     available to Participant) solely the property and rights of Corporation
     (without being restricted to the provisions of benefits under the Plan) and
     shall be subject to the claims of Corporation's general creditors.

1.11 LIMITATION OF RIGHTS/ EMPLOYMENT RELATIONSHIP. Neither the establishment of
     this Plan nor any modification thereof, nor the creation of any fund or
     account, nor the payment of any benefits, shall be construed as giving
     Participant or any other person any legal or equitable right against
     Employer except as provided in the Plan.

1.12 LIMITATION OF ASSIGNMENT. Benefits under the Plan may not be assigned,
     sold, transferred, or encumbered, and any attempt to do so shall be void.
     Participant's interest in benefits under the Plan shall not be subjected to
     debts or liabilities of any kind and shall not be subject to attachment,
     garnishment, or other legal process.

1.13 REPRESENTATIONS. Employer does not represent or guarantee that any
     particular federal or state income, payroll, personal property, or other
     tax consequence will result from participation in this Plan. Participant
     should consult with professional tax advisors to determine the tax
     consequences of his or her participation.

1.14 APPLICABLE LAW. This Plan shall be construed in accordance with applicable
     federal law and, to the extent otherwise applicable, the law of the State
     of New Jersey.

1.15 RESPONSIBILITY FOR TAXES. Participant is responsible for all federal,
     state, and other taxes assessed on amounts deferred under this Plan.
     Employer shall have the right to withhold or reduce Plan benefits to
     satisfy such withholding obligations as it may deem necessary to ensure
     proper withholding procedures.
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1.16    ESTABLISHMENT OF TRUST. In the event of a Change in Control or a Change
        in Position as defined in Paragraph 1.19, the Employer shall immediately
        establish the Employee's Trust (the "Trust") and contribute assets to
        such Trust in an amount equal to the Employer's obligations to the
        Participant under this Plan determined as of the date of the Change in
        Control or the Change in Position. Such Trust shall be established in
        accordance with the Internal Revenue Service model trust agreement as
        set forth in Revenue Procedure 92-64.

1.17    Effect of the Trust. The provisions of the Plan shall govern the rights
        of the Participant to receive distributions pursuant to the Plan. The
        provisions of the Trust shall govern the rights of the Participant and
        the creditors of the Employer to the assets transferred to the Trust.
        The Employer shall at all times remain liable to carry out its
        obligations under the Plan. The Employer's obligations under the Plan
        may be satisfied with Trust assets distributed pursuant to the terms of
        the Trust, and any such distribution shall reduce the Employer's
        obligation under Plan.

1.18    DEFINITIONS. For purposes of Paragraph 1.17, the following capitalized
        words shall have the meanings set forth below:

1.18.1  "CHANGE IN CONTROL" shall be as defined in Section 1.5 of the Employment
        Agreement dated as of October 9, 1998 among the MIIX Group,
        Incorporated, New Jersey State Medical Underwriters, Inc. and Kenneth M.
        Koreyva.

1.18.2  "CHANGE IN POSITION" shall mean (a) a change in the title, nature or
        status of responsibilities and reporting obligations of the Participant;
        (b) a reduction by the Employer in the Participant's annual base salary;
        or (c) a failure by the Employer to increase the Participant's at a rate
        commensurate with that of other key executives of the Employer.

IN WITNESS WHEREOF, the parties have executed this Agreement on one or more 
counterparts which, taken together, shall constitute one Agreement, which 
Agreement shall be effective as of the date recited above.

WITNESS:


/s/ Daniel Goldberg                            12/31/98
-------------------------------------------    ---------------------------------
New Jersey State Medical Underwriters, Inc.    Date
By: Daniel Goldberg


/s/ Kenneth M. Koreyva                         12/31/98
-------------------------------------------    ---------------------------------
Kenneth M. Koreyva                             Date
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                  NEW JERSEY STATE MEDICAL UNDERWRITERS, INC.

                           DEFERRED COMPENSATION PLAN

                               ELECTION TO DEFER

Pursuant to the terms of the Non-Qualified Deferred Compensation Agreement
entered into between me and New Jersey State Medical Underwriters, Inc. on
December 31, 1998, I hereby elect to defer the following amounts or percentages
of compensation:

     SALARY:   Commencing on            
                                   ----------------------------
               In the amount of
                                   ----------------------------

     BONUS:    That will be determined on February 16, 1999
                  In the amount of      Total amount in excess of $50,000

Participant's Signature:      /s/ KENNETH M. KOREYVA
                              -------------------------------------------

Print Name:                       KENNETH M. KOREYVA 
                              -------------------------------------------

Date:                                12/31/98
                              -------------------------------------------

Approved:                     NEW JERSEY STATE MEDICAL UNDERWRITERS, INC.
                              -------------------------------------------

By:                           /s/ DANIEL GOLDBERG
                              -------------------------------------------

Print Name:                       DANIEL GOLDBERG
                              -------------------------------------------

Date:                                12/31/98   
                              -------------------------------------------
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                  NEW JERSEY STATE MEDICAL UNDERWRITERS, INC.

                           DEFERRED COMPENSATION PLAN

                            INVESTMENT ELECTION FORM

------------------------------------------------------------------------------

Pursuant to the terms of the Non-Qualified Deferred Compensation Agreement
entered into between me and New Jersey State Medical Underwriters, Inc. on
December 31, 1998, ("Plan"), I hereby revoke any prior investment designations
for the amounts credited to my account balance under the Plan, and I hereby
elect the following investments for amounts credited to my account. This
election is to be effective at the earliest date permissible under, and subject
to all of the terms of, the Plan:

Investment Options Percentage of Plan Account:

1.     SPECIFIED INVESTMENTS.*                                          $
       --------------------------------------------------------------   --------
2.     UNSPECIFIED.**                                                      100%
       --------------------------------------------------------------   --------

3.     --------------------------------------------------------------   --------

4.     --------------------------------------------------------------   --------

5.     --------------------------------------------------------------   --------

Total                                                                   $
       --------------------------------------------------------------   --------

*  Specify investment:
                      ----------------------------------------------------------
** Therefore earning interest in an amount equal to the aggregate investment 
portfolio total rate of return for the Medical Inter-Insurance Exchange of New 
Jersey.


Participant's Signature:            /s/ Kenneth M. Koreyva
                                    --------------------------------------------
Print Name:                         Kenneth M. Koreyva
                                    --------------------------------------------
Date:                               12/31/98
                                    --------------------------------------------

Approved:                           NEW JERSEY STATE MEDICAL UNDERWRITERS, INC.
                                    --------------------------------------------
By:                                 /s/ Daniel Goldberg
                                    --------------------------------------------
Print Name:                         Daniel Goldberg
                                    --------------------------------------------
Date:                               12/31/98
                                    --------------------------------------------


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