Endorsement



 EXHIBIT 10.32 
  





 
 ENDORSEMENT NO. 1 
 to the 
 PER OCCURRENCE EXCESS OF LOSS REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 
 EFFECTIVE: JUNE 1, 2012 
 issued to 

HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY 

TAMPA, FLORIDA 
 (hereinafter called the “Reinsured”) 
 by 

NATIONAL LIABILITY & FIRE INSURANCE COMPANY 
 (hereinafter called, with other participants, the “Reinsurers”) 
 Effective
June 1, 2013, the Contract has been amended as follows: 
 ARTICLE 6 – RETENTION AND LIMIT, Paragraph (4), shall now read
as follows: 
 “Reinsured’s Retention,” as respects all loss or losses arising out of Loss Occurrences
commencing during the Contract Year effective June 1, 2012, shall equal $7,500,000. 
 “Reinsured’s
Retention,” as respects all loss or losses arising out of Loss Occurrences commencing during the Contract Year effective June 1, 2013, shall equal $11,000,000. 
 “Reinsured’s Retention,” as respects all loss or losses arising out of Loss Occurrences commencing during the Contract Year effective June 1, 2014, shall equal the greater of the
following: 
  

	 	i.	$7,500,000; or 

  

	 	ii.	15% of the Reinsured’s Policyholders’ Surplus as of December 31, 2013. 

 All other Terms and Conditions remain unchanged. 

  
 



 

			
	ARP-HCI-02-LAC-001-12	  	Endorsement No. 1 – BRK
	DOC: May 25, 2012	  	










 



 
  

 Signed in
                                        , on this
     day of             , 2013 
 NATIONAL
LIABILITY & FIRE INSURANCE COMPANY 
  

							
		 	BY:	  	  
	  	
				
		 	TITLE:	  	  
	  	

 Signed in
                                        , on this
     day of             , 2013 
 HOMEOWNERS
CHOICE PROPERTY & CASUALTY INSURANCE COMPANY 
 TAMPA, FLORIDA 

 

							
		 	BY:	  	  
	  	
				
		 	TITLE:	  	  
	  	


  
 



 

			
	ARP-HCI-02-LAC-001-12	  	Endorsement No. 1 – BRK
	DOC: May 25, 2012	  	










 



 
  

 ENDORSEMENT NO. 1 

to the 
 PER
OCCURRENCE EXCESS OF LOSS REINSURANCE CONTRACT 
 (hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2012 
 issued to 
 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY

 TAMPA, FLORIDA 
 (hereinafter called the “Reinsured”) 
 by 

CLADDAUGH CASUALTY INSURANCE COMPANY, LTD. 
 (hereinafter called, with other participants, the “Reinsurers”) 
 Effective
June 1, 2013, the Contract has been amended as follows: 
 ARTICLE 6 – RETENTION AND LIMIT, Paragraph (4), shall now read
as follows: 
 “Reinsured’s Retention,” as respects all loss or losses arising out of Loss Occurrences
commencing during the Contract Year effective June 1, 2012, shall equal $7,500,000. 
 “Reinsured’s
Retention,” as respects all loss or losses arising out of Loss Occurrences commencing during the Contract Year effective June 1, 2013, shall equal $11,000,000. 
 “Reinsured’s Retention,” as respects all loss or losses arising out of Loss Occurrences commencing during the Contract Year effective June 1, 2014, shall equal the greater of the
following: 
  

	 	i.	$7,500,000; or 

  

	 	ii.	15% of the Reinsured’s Policyholders’ Surplus as of December 31, 2013. 

 All other Terms and Conditions remain unchanged. 

  
 



 

			
	ARP-HCI-02-LAC-001-12	  	Endorsement No. 1 – CLAD
	DOC: May 25, 2012	  	










 



 
  

 Signed in
                                        , on this
     day of             , 2013 
 CLADDAUGH
CASUALTY INSURANCE COMPANY, LTD. 
  

							
		 	BY:	  	  
	  	
				
		 	TITLE:	  	  
	  	

 Signed in
                                        , on this
     day of             , 2013 
 HOMEOWNERS
CHOICE PROPERTY & CASUALTY INSURANCE COMPANY 
 TAMPA, FLORIDA 

 

							
		 	BY:	  	  
	  	
				
		 	TITLE:	  	  
	  	


  
 



 

			
	ARP-HCI-02-LAC-001-12	  	Endorsement No. 1 – CLAD
	DOC: May 25, 2012	  	










 



 
  


  
 



 

			
	«CONTRACT_NO»	  	Endorsement No. 1 -
	DOC: «Contract_Document_Date»	  	«reinsurer_20_code»