Document:

<PAGE>

                                                                    EXHIBIT 10.9

                                AMENDMENT 2001-1

                           MERCURY GENERAL CORPORATION
                               PROFIT SHARING PLAN

          WHEREAS, Mercury General Corporation (the "Company") maintains the
Mercury General Corporation Profit Sharing Plan (the "Plan"); and

          WHEREAS, pursuant to Section 9.1 of the Plan, the Company is
authorized to amend the Plan; and

          WHEREAS, the Company has previously determined that it is in the best
interests of the Company to merge the Plan with the Concord Insurance Services,
Inc. 401(k) Plan (the "Concord Plan") (the "Merger"), with the Plan to be the
survivor of the Merger; and

          WHEREAS, the Company desires to amend the Plan to effectuate the
Merger.

          NOW, THEREFORE, this Amendment 2001-1 is hereby adopted effective
October 1, 2001:

     1. The following Appendix is added to the Plan:

"APPENDIX D: SPECIAL PROVISIONS FOR FORMER PARTICIPANTS IN THE CONCORD PLAN

D.1  Participants Subject to this Appendix.
     -------------------------------------

          Effective October 1, 2001 (the "Concord Merger Date"), the Concord
Insurance Services, Inc. 401(k) Plan (the "Concord Plan") merged with the Plan.
The Plan is the survivor of the merger. Each Eligible Employee who, prior to the
Concord Merger Date, was a participant in the Concord Plan is subject to the
provisions of this Appendix D (a "Concord Participant").

D.2  Service.
     -------

          With respect to a Concord Participant, service under the Plan shall
include such employee's period of service taken into consideration under the
Concord Plan as of the Concord Merger Date.

                                        1
<PAGE>

D.3  Investments.
     -----------

          The Committee shall adopt such rules as it deems appropriate for the
transfer of investments under the Concord Plan to the Plan's investments.

D.4  Vesting.
     -------

          (a) Each Concord Participant who has not previously forfeited the
unvested portion of his accounts under the Concord Plan (his "Concord Account")
shall continue to vest in such Concord Account according to the following
schedule:

                                 Nonforfeitable
       Years of Service           Percentage
  ---------------------------   --------------
          Less than 2                  0%
  At least 2, but less than 3         20%
  At least 3, but less than 4         40%
  At least 4, but less than 5         60%
  At least 5, but less than 6         80%
           6 or more                 100%

          (b) A Concord Participant's interest in the balance of his or her
accounts accrued under the Plan will vest in accordance with Article VI of the
Plan.

D.5  Distributions.
     -------------

          (a) Concord Transition Period. The Concord Transition Period is the
              -------------------------
          period between the adoption of Amendment 2001-1 to the Plan and April
          1, 2002.

          (b) Distributions. Distributions of a Concord Participant's entire
              -------------
          account during the Concord Transition Period shall be paid in
          accordance with payment provisions of the Concord Plan as in effect
          prior to the Concord Merger Date (notwithstanding the lump sum payment
          provisions of Article VII of the Plan). Distributions of a Concord
          Participant's entire account made after the Concord Transition Period
          shall be paid in accordance with Article VII of the Plan,
          notwithstanding any former provision of the Concord Plan.

          (c) Early Withdrawals. Upon written request to the Committee, and in
              -----------------
          accordance with rules established by the Committee, a Concord
          Participant may withdraw all or any portion of his Concord Account at
          any time after the Concord Participant has reached the age of 59 1/2.
          Notwithstanding the foregoing, a Concord Participant may not
          cumulatively withdraw any amount greater than such Concord
          Participant's balance in his Concord Account at the Concord Merger
          Date.

                                        2
<PAGE>

          (d) Loans. Loans to a Concord Participant made under the Concord Plan
              -----
          before the Concord Merger Date shall be governed by the loan
          provisions of the Concord Plan as in effect immediately before the
          Concord Merger Date, notwithstanding any contrary provision in the
          Plan. No new loans shall be made to any Concord Participant under the
          provisions of the Concord Plan after the Concord Merger Date."

          IN WITNESS WHEREOF, this Amendment 2001-1 is hereby adopted this 30th
day of October, 2001.

                                                    MERCURY GENERAL CORPORATION

                                                    By: /s/ George Joseph
                                                        ------------------------

                                        3<PAGE>

                                                                   EXHIBIT 10.24

                              MANAGEMENT AGREEMENT

This Agreement is entered into on January 2, 2002 effective as of the 2nd day of
January 2002, by and among Mercury Insurance Company of Florida and Mercury
Indemnity Company of Florida (hereinafter collectively referred to as
"Insurers") and Mercury Insurance Services, LLC (hereinafter referred to as
"Manager").

     In consideration of the promises, conditions, and covenants herein
contained, the parties agree as follows:

     1. The Manager promises to manage the Insurers, and to conduct on their
behalf any and all duties of management as shall be necessary for the complete
operation of the Insurers.

     2. The Insurers promise and hereby delegate to the Manager all of the
duties of management which they are allowed to so delegate by the laws of the
State of Florida, including, but not limited to, the following duties: to issue
and underwrite insurance policies, which the Insurers may be so authorized to do
by law, in accordance with the rules and regulations as delineated in the
underwriting manuals of the Insurers, settle and adjust any and all losses and
claims, defend lawsuits, establish premium rates, establish and choose sales
agents and brokers, determine agents' and brokers' commissions, prepare the
records necessary for the conduct of the insurance business, furnish all forms,
supplies and agents' manuals necessary for the conduct of the insurance
business.

     3. The Manager promises to perform all of the operating functions on behalf
of the Insurers including, but not limited to, the following:

     A. To acquire, license and appoint sales agents and brokers for the
     production of the insurance business of and for the Insurers, provided that
     the Insurers shall retain the right to refuse the appointment of any agent
     or broker and the right to terminate any agent or broker.

     B. To issue and underwrite policies on behalf of the Insurers and to choose
     and obtain the necessary application and policy forms.

     C. To furnish for the Insurers all of the operating forms, printing
     supplies, agents' manuals and any other related items which may become
     necessary for the operation of the insurance business.

     D. To pay on behalf of the Insurers all of their operating expenses,
     including but not limited to rent, supplies, salaries of all personnel,
     telephone, advertising costs, costs of settling and adjusting all insurance
     claims, legal defense costs, court costs, costs of loss analysis,
     accounting costs (other than auditing), premium collection costs; provided,
     however, the Insurer shall pay, and be responsible for, the costs of
     management fees, premium taxes, losses, reserves for unpaid losses,
     reserves for unpaid loss adjustment expense, audit fees, assigned risk or
     similar

                                        1
<PAGE>

     assessments, bureau fees, Fair Plan or similar assessments, directors'
     fees, agents' commissions, reinsurance premiums, investment counsel fees,
     assessments by any Florida guarantee association, political contributions,
     premiums paid for insurance policies in which the Insurer is the
     beneficiary and the owner, such as fidelity bonds, taxes of all types and
     costs which may be levied on insurance companies by the governmental
     authorities having jurisdiction over the same and agents' bonuses
     (contingency commissions).

     4. The Manager shall be reimbursed monthly, on a cost basis, for all
expenses incurred on behalf of the Insurers.

     5. The ownership and legal title to the insurance policies, insurance
policy records, data processing tapes, disks, programs and documentation, and
account records of the Insurers, compiled on behalf of the Insurers by the
Manager, shall remain in and with the Insurers, however, the Manager shall have
joint custody with the Insurers of said records.

     6. This Agreement shall be in effect until terminated by either party upon
ninety (90) days prior written notice to the nonterminating party.

     7. Allocation method for shared expenses (facilities, equipment, personnel,
computers, etc.) are to be consistent with statutory accounting principles.

     8. All underwriting, claims and investment services provided the Insurers
are to be based upon the written criteria, standards and guidelines of the
Insurers. However, the Insurers shall have the ultimate and final authority over
decisions and policies; to include, but not be limited to, the acceptance,
rejection or canceling of risks, the payment or non-payment of claims and the
purchase and sale of securities.

     9. Notwithstanding any other provision of this Agreement, it is understood
that the business and affairs of the Insurers shall be managed by its Board of
Directors, and to the extent delegated by such Board, by its appropriately
designated officers. The Board of Directors and officers of the Manager shall
not have any management prerogatives with respect to the business affairs and
operations of the Insurers.

                            [Signature Page Follows]

                                        2
<PAGE>

IN WITNESS WHEREOF, we have set our hands this 2nd day of January, 2002.

MERCURY INSURANCE COMPANY                           MERCURY INDEMNITY COMPANY
       OF FLORIDA                                          OF FLORIDA

By: /s/ George Joseph                               By: /s/ George Joseph
    ------------------------                            ------------------------
    George Joseph, President                            George Joseph, President

MERCURY INSURANCE SERVICES, LLC

By: /s/ George Joseph
    ------------------------
    George Joseph, President

                                        3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}]]