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Exhibit 10.3 AMENDMENT NUMBER TWO
TO THE FORTIS, INC.
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN THIS AMENDMENTto the Fortis, Inc. Supplemental Executive Retirement Plan,
as amended and restated effective as of January 1, 2000 (the Plan), is
adopted by Assurant, Inc. (the Company), effective as of the dates set forth
herein. W I T N E S S E T H: WHEREAS, the Company currently maintains the Plan; WHEREAS, the Company wishes to change the name of the Plan and to amend
its governance provisions; WHEREAS, the Fortis, Inc. Supplemental Executive Retirement Plan Committee
previously reserved the right to amend the Plan; and WHEREAS, the Board of Directors of the Company transferred such amendment
authority to the Assurant, Inc. Benefit Plans Committee (the Committee). NOW, THEREFORE, the Committee amends the Plan as follows: 1. Effective as of February 4, 2004, the name of the Plan is changed to
Assurant Supplemental Executive Retirement Plan and the name of the Company
shall be changed to Assurant, Inc. each place such names appear. 2. Effective as of February 4, 2004, the defined term Fortis is changed to
Assurant each place such defined term appears. 3. Effective as of October 1, 2004, the following definitions in Article 2
are revised to read as follows: Assurant Executive Pension Plan shall mean the defined benefit portion
of the Assurant Executive Pension and 401(k) Plan, a nonqualified,
unfunded, deferred compensation plan, as it may be amended from time to
time, or its successor. Assurant Pension Plan shall mean the Assurant Pension Plan, as it may be
amended from time to time, or its successor plan.




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Committee shall mean the Benefit Plans Committee as it may be
constituted from time to time. In addition, the defined terms as revised above are changed each place each
such defined term appears. 4. Effective as of October 1, 2004, Article 2 is amended to add the following
definitions: Compensation Committee shall mean the Compensation Committee of the
Board. Executive shall mean an executive officer of an Employer. Executive Committee shall mean the committee consisting of the Companys
Chief Executive Officer, Chief Financial Officer and Executive Vice
President of Human Resources. Investment Committee shall mean the Investment Committee described in
Section 8.01C. 5. Effective as of October 1, 2004, Article 3 is revised to read as follows: ARTICLE THREE  PARTICIPATION To participate in this Plan, an Executive of Assurant or any of its
subsidiaries must be nominated for participation herein by the Executive
Committee. However, at the next meeting of the Compensation Committee
following the nomination of an Executives participation in this Plan,
such nomination shall be approved by the Compensation Committee. Upon
becoming eligible to participate, an Executive must complete and execute
a Joinder Agreement in a form satisfactory to the Committee. 6. Effective as of October 1, 2004, the last sentence of Section 4.02 is
revised to read as follows: If a Participant was formerly employed by a company that is acquired by
Assurant or any of its subsidiaries, then Benefit Service prior to the
date of such acquisition shall be determined by the Compensation
Committee in its sole discretion, and shall be recorded on the
Participants Joinder Agreement. -2-




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7. Effective as of October 1, 2004, Section 4.07 is revised to read as
follows:  4.07
    
    Participants Covenants. Notwithstanding the other
provisions of this Plan, if a Participant receiving or eligible to
receive a Comprehensive Benefit under this Plan commits a material
breach, as determined by the Compensation Committee, of his
covenants given to Assurant in the Joinder Agreement concerning
noncompetition, confidentiality, nonsolicitation of employees or
nonsolicitation of customers, then the Participant shall cease to
participate in the Plan as of the date of such breach and Assurant
shall have no further obligation to make Comprehensive Benefit
payments to the Participant or his Spouse or Beneficiary.  For purposes of determining whether the Participant has committed a
material breach of his covenants concerning noncompetition, it
shall be within the sole power of the Compensation Committee to
determine whether the Participant has become associated with or
engaged in or rendered services to any business that is in
competition in a substantive way with the Employer. 8.  Effective as of October 1, 2004, Section 8.01 is revised to read as
follows:  8.01
    
    Committee. (a)The Compensation Committee shall appoint the members of the
Committee who shall serve at the pleasure of the Compensation
Committee and, except as otherwise provided in this Plan, shall
have complete control of the administration of the Plan with all
powers necessary to enable it to carry out properly the provisions
of the Plan. (b)In addition to all implied powers and responsibilities
necessary to carry out the objectives of the Plan and any Joinder
Agreement, the Committee shall have the power: (i) to construe the Plan and to determine all questions
arising in the administration, interpretation and operation
of the Plan and any Joinder Agreement, and to adopt such
rules and by-laws as it may find necessary for the proper
administration, interpretation and operation of the Plan or
any Joinder Agreement provided that all interpretations,
determinations and decisions of the Committee in respect of
any matter hereunder shall be final, conclusive and binding
upon the Employer, Participants, and all other persons
claiming any interest under the Plan or any Joinder
Agreement, subject only to (i) the provisions of this Section
regarding -3-




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review by the Compensation Committee, and (ii) the claims
procedure described in Section 8.02; and (ii) to amend any or all of the provisions of the Plan,
except if any amendment would significantly increase the
liabilities of the Plan. (c) The Committee shall have the authority to appoint and remove
the administrators or other outside persons or vendors, and to
delegate such duties to each administrator or other persons or
vendors as the Committee deems appropriate. (d) If a member of the Committee is also a Participant in this
Plan, and if an issue or action with respect to this Plan relates
specifically and uniquely to such Participant, then such
Participant shall take no part in the deliberations or decision
concerning such issue or action. (e) Each material decision or action by the Committee shall be
subject to review by the Compensation Committee. Any decision or
action by the Committee that relates specifically and uniquely to
the Chief Executive Officer of Assurant shall be deemed to be a
material decision or action. (f) Wherever this Plan provides that a decision or action of the
Committee (material or otherwise) shall be subject to the review of
the Compensation Committee, then such decision or action shall be
reported to the Compensation Committee, and such decision or action
may be overruled or modified by the Compensation Committee. If the
Compensation Committee takes no action with respect to any such
decision or action within sixty (60) days of it being reported, the
decision or action shall be deemed approved. Until a decision or
action subject to this paragraph has been reviewed or is deemed
approved by the Compensation Committee, such decision or action
shall have no legal effect. 9. Effective as of October 1, 2004, Article 8 is amended to add sections
8.01A and 8.01B to read as follows: 8.01A Compensation Committee. The Compensation Committee shall
have the power to appoint and remove the members of the Committee and to
review material financial decisions and/or actions of the Committee,
including the power to make any Plan amendment that would significantly
increase the liabilities of the Plan. In addition to the provisions in
Section 4.07, the Compensation Committee shall have the power to approve
an Executives nomination for participation in the Plan, and to amend any
Joinder Agreement to provide for an increased benefit to any Participant
(including, without limitation, by crediting additional years of Benefit
Service to the Participant, or by assuming that the Participant is a
given number of years older than is actually the case). Furthermore, the
Compensation Committee shall have the power to terminate the -4-




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Plan at any time in whole or in part. The Compensation Committee
shall have no other responsibilities with respect to the Plan. 8.01B Executive Committee. The Executive Committee shall have the
power to nominate Executives to participate in the Plan. The Executive
Committee also shall have the power to determine the Plans funding
policy, if any. The Executive Committee shall have no other
responsibilities with respect to the Plan. 8.01C Investment Committee. The Investment Committee shall have the
power to develop the Plans investment strategy and determine the
economic assumptions to be used for any actuarial valuation and
disclosures. 10. Effective as of October 1, 2004, the second sentence of Section 8.02 is
revised to read as follows: Subject to the provisions of Section 8.01, within 90 days after the date
such claim is received by the Committee, it shall issue a ruling with
respect to the claim. 11. Effective as of October 1, 2004, Section 10.01 is revised to read as
follows: 10.01 Right to Amend and Terminate. Subject to the provisions in
Article 8 regarding the amendment authority of the Committee, the
Compensation Committee reserves the right to modify, alter, amend, or
terminate the Plan, at any time and from time to time, without notice;
provided, however, that no such amendment or termination shall (without
the written consent of the Participant, if living, and if not, of the
Participants Spouse or other applicable Beneficiary) reduce the amount
or delay the timing of payment of any retirement benefit, disability
benefit, or survivor benefit under the Plan which has accrued with
respect to the Participant or his Spouse or Beneficiary as of the date of
such amendment or termination (regardless of whether or not such benefit
is vested under Section 4.05 and regardless of whether or not such
benefit is in pay status). For this purpose, the benefit that shall have
accrued as of the date of a given amendment or date of termination shall
be based on the Participants Annual Target Earnings, Benefit Service,
Vesting Service, and other applicable factors as of the date of such
amendment or termination. 12. Effective as of October 1, 2004, Section 10.09 is revised to provide that
all notices and other communications be sent to Attention: Benefit Plans
Committee. * * * * * -5-




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Except as amended herein, the Plan shall continue in full force and
effect. [Signature on next page] -6-




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IN WITNESS WHEREOF, the Committee has caused this Amendment to be executed
effective as of the dates set forth above. ASSURANT, INC.
BENEFIT PLANS COMMITTEE ByNameTitle
 -7-