a6036523ex10_192.htm


    Exhibit
10.19.2

     

     

    
      FOURTH
AMENDMENT TO

      SERVICE
EXPENSE REIMBURSEMENT AGREEMENT

      (LOUISIANA)

      


      This
Amendment (“Amendment”) is attached to and by reference made a part of the
Service Expense Reimbursement Agreement between the insurance companies named
below (collectively, “Company”) and CAI CREDIT INSURANCE AGENCY,
INC. (“Customer”), dated July 1, 1998 (the “Agreement”).  This
Amendment is effective May 1, 2009 (“Amendment Effective Date”).

      


      NOW,
THEREFORE, IT IS MUTUALLY UNDERSTOOD AND AGREED AS FOLLOWS:

      


      
        	
                1.

              	
                Paragraph
      (F) shall be added to Section 5 of the Agreement immediately following
      paragraph (E), as follows:

              


      

      


      
        	
                 
      

              	
                (F)

              	
                Bill
      Company monthly for the amount of premiums that are earned but not
      collected due to Customer’s charge-off on its books (“Premium
      Charge-offs”), during such previous month, of the relevant consumers’
      accounts under which the premium was financed.  Company shall be
      obligated to pay Customer in monthly increments for such charge-offs on a
      quarterly basis at the time the Contingent Compensation Credit is
      calculated, up to the amount of Contingent Compensation Credit available
      for payment in that period; any Premium Charge-offs during a quarter which
      are billed to but not paid by Company in their entirety for any month due
      to the fact that the total Premium Charge-offs for the quarter exceed
      Contingent Compensation Credit due Customer for the relevant quarter shall
      not be paid during such quarter, but such monthly increment shall be
      eligible for payment in a subsequent quarter in which a Contingent
      Compensation Credit is due Customer.  For the avoidance of
      doubt, Company will deduct the Premium Charge-offs billed for each month
      during the quarter, as reflected in paragraph (h) of Paragraph A.(1) of
      the Group Experience Rating/Contingent Compensation Addendum, from the
      calculated premium, as determined in paragraphs (a) through (c) of
      Paragraph A.(1) of the Group Experience Rating/Contingent Compensation
      Addendum, but if the Contingent Compensation Credit due Customer for any
      quarter is insufficient to cover the Premium Charge-offs billed by
      Customer for any month during that quarter, the total Premium Charge-offs
      billed for that month will be carried over and paid in monthly increments
      from available Contingent Compensation Credit in future
      quarters.  Upon termination of this Agreement, any billed
      Premium Charge-offs which remain unpaid by Company shall be waived by
      Customer.  It is acknowledged and agreed by the parties that
      Premium Charge-offs which have accumulated on Customer’s books as of the
      Amendment Effective Date may be billed by Customer commencing with the
      month of May, 2009.   Further, Company’s obligation for
      payment of Premium Charge-offs billed by Customer shall be limited by any
      applicable compensation caps, and Company shall have no obligation to pay
      any excess over applicable compensation
caps.

              


      

      


      
        	
                 2.

              	
                Paragraph
      (h) shall be added to Paragraph (1) of Section A of the Group Experience
      Rating/Contingent Compensation Addendum, as
  follows:

              


      

      


      
        	
                 
      

              	
                (h)

              	
                The
      cumulative total of all Premium Charge-offs billed Company by Customer
      pursuant to Paragraph (F) of Section 5 of the
  Agreement.

              


      

      


      
        	
                3.

              	
                Schedule
      C, as referenced in Paragraph 6. of the First Amendment to Service Expense
      Reimbursement Agreement (Louisiana) shall be deleted in its entirety and
      replaced with Schedule C attached hereto and made a part hereof, into
      which Line G., “Premium Charge-Off”, has been
  incorporated.

              


      

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      IN WITNESS
WHEREOF, the parties have executed this Fourth Amendment by their duly
authorized officers and representatives on the date(s) indicated
below.

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            
                                                                                                                              
                                                                                                                                
                                                                                                                                  
                                                                                                                                    
                                                                                                                                      
                                                                                                                                        
                                                                                                                                          
                                                                                                                                            
                                                                                                                                              
                                                                                                                                                
                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      
                                                                                                                                                        
                                                                                                                                                          
                                                                                                                                                            
                                                                                                                                                              
                                                                                                                                                                
                                                                                                                                                                  
                                                                                                                                                                    
                                                                                                                                                                      
                                                                                                                                                                        
                                                                                                                                                                          
                                                                                                                                                                            
                                                                                                                                                                              
                                                                                                                                                                                
                                                                                                                                                                                  
                                                                                                                                                                                    
                                                                                                                                                                                      
                                                                                                                                                                                        
                                                                                                                                                                                          
                                                                                                                                                                                            
                                                                                                                                                                                              
                                                                                                                                                                                                
                                                                                                                                                                                                  
                                                                                                                                                                                                    
                                                                                                                                                                                                      
                                                                                                                                                                                                        
                                                                                                                                                                                                          
                                                                                                                                                                                                            
                                                                                                                                                                                                              
                                                                                                                                                                                                                
                                                                                                                                                                                                                  
                                                                                                                                                                                                                    
                                                                                                                                                                                                                      
                                                                                                                                                                                                                        
                                                                                                                                                                                                                          
                                                                                                                                                                                                                            
                                                                                                                                                                                                                              
                                                                                                                                                                                                                                	 	CAI
      CREDIT INSURANCE AGENCY, INC.	 
      
	 	(“Customer”)	 
      
	 	 	 
      	 
      
	 	By:	
                                                                                                                                                                                                                                        /s/ Timothy L. Frank

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Print
      Name:	
                                                                                                                                                                                                                                        Timothy L. Frank

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Title:	
                                                                                                                                                                                                                                        Chief Executive Officer

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Date:	
                                                                                                                                                                                                                                        August 8, 2009

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	 	 
      	 
	 	AMERICAN
      BANKERS LIFE ASSURANCE COMPANY OF FLORIDA	 
      
	 	(“Company”)	 
      
	 	 	 
      	 
      
	 	By:	
                                                                                                                                                                                                                                        /s/ Dawn Lamnin

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Print
      Name:	
                                                                                                                                                                                                                                        Dawn Lamnin

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Title:	
                                                                                                                                                                                                                                        Vice-President

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Date:	
                                                                                                                                                                                                                                        August 13, 2009

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	 	 
      	 
	 	AMERICAN
      BANKERS INSURANCE COMPANY OF FLORIDA	 
      
	 	(“Company”)	 
      
	 	 	 
      	 
      
	 	By:	
                                                                                                                                                                                                                                        /s/ Dawn Lamnin

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Print
      Name:	
                                                                                                                                                                                                                                        Dawn Lamnin

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Title:	
                                                                                                                                                                                                                                        Vice-President

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Date:	
                                                                                                                                                                                                                                        August 13, 2009

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	 	 
      	 
	 	AMERICAN
      RELIABLE INSURANCE COMPANY	 
      
	 	(“Company”)	 
      
	 	 	 
      	 
      
	 	By:	
                                                                                                                                                                                                                                        /s/ Dawn Lamnin

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Print
      Name:	
                                                                                                                                                                                                                                        Dawn Lamnin

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Title:	
                                                                                                                                                                                                                                        Vice-President

                                                                                                                                                                                                                                      	 
      
	 	 	 
      	 
      
	 	Date:	
                                                                                                                                                                                                                                        August 13, 2009

                                                                                                                                                                                                                                      	 
      


                                                                                                                                                                                                                              

                                                                                                                                                                                                                            

                                                                                                                                                                                                                          

                                                                                                                                                                                                                        

                                                                                                                                                                                                                      

                                                                                                                                                                                                                    

                                                                                                                                                                                                                  

                                                                                                                                                                                                                

                                                                                                                                                                                                              

                                                                                                                                                                                                            

                                                                                                                                                                                                          

                                                                                                                                                                                                        

                                                                                                                                                                                                      

                                                                                                                                                                                                    

                                                                                                                                                                                                  

                                                                                                                                                                                                

                                                                                                                                                                                              

                                                                                                                                                                                            

                                                                                                                                                                                          

                                                                                                                                                                                        

                                                                                                                                                                                      

                                                                                                                                                                                    

                                                                                                                                                                                  

                                                                                                                                                                                

                                                                                                                                                                              

                                                                                                                                                                            

                                                                                                                                                                          

                                                                                                                                                                        

                                                                                                                                                                      

                                                                                                                                                                    

                                                                                                                                                                  

                                                                                                                                                                

                                                                                                                                                              

                                                                                                                                                            

                                                                                                                                                          

                                                                                                                                                        

                                                                                                                                                      

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                              

                                                                                                                                            

                                                                                                                                          

                                                                                                                                        

                                                                                                                                      

                                                                                                                                    

                                                                                                                                  

                                                                                                                                

                                                                                                                              

                                                                                                                            

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

       

      2