Document:

FIRST AMENDMENT TO
                     SERVICE EXPENSE REIMBURSEMENT AGREEMENT
                                     (Texas)

     This Amendment is entered into as of July 1, 2005 (the "First Amendment
Effective Date") by and among American Bankers Life Assurance Company of
Florida, as successor in interest to Voyager Life Insurance Company, Voyager
Property & Casualty Insurance Company, American Bankers Life Assurance Company
of Florida, American Bankers Insurance Company of Florida and American Bankers
General Agency, Inc. on behalf of Ranchers & Farmers Mutual Insurance Company
(collectively "Company") and CAI, L.P., successor in interest to Affiliates
Insurance Agency, Inc. ("Customer") and amends that certain Service Expense
Reimbursement Agreement entered into between Company and Customer effective July
1, 1998 (the "Agreement").

In consideration of the mutual promises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows:

1.   The Agreement shall be amended so as to delete Voyager Life Insurance
     Company and Voyager Property & Casualty Insurance Company as signatories,
     and to add American Bankers Insurance Company of Florida as a signatory.

2.   Section 8 of the Agreement shall be amended to read as follows:

     8.   Company may prospectively change the rates of Expense Reimbursement
          for products on Schedule A upon thirty (30) days advance notice if
          required by state regulatory authority, or in the event of a premium
          rate decrease. Company may decrease the rates of Expense Reimbursement
          upon thirty (30) days advance notice in the event of a projected
          deficit under the Group Experience Rating/ Contingent Compensation
          Addendum, in which event such decrease shall be only in an amount
          which Company deems necessary to prevent or cure such deficit, and
          such decreased rates shall continue in effect only for the period of
          time necessary to prevent or cure such deficit. In all other respects,
          this Agreement may be altered or amended only in writing signed by
          both of the parties.

3.   Section 9 of the Agreement shall be amended to read as follows:

     9.   (a) Term.
          This Agreement shall be for a term of four years from the First
          Amendment Effective Date, and shall automatically renew for successive
          one (1) year terms (each a "Renewal Term") unless written notice is
          given at least ninety (90) days prior to the effective date of any
          term. In the event, as of any renewal date, any deficit exists under
          the

                                       1
<PAGE>

          Contingent Compensation Addendum, then Customer shall not have the
          right to terminate this Agreement or any group master policy until
          such time as the deficit is cured.

          (b) Termination by mutual consent. This Agreement may be terminated at
          any time by the mutual consent of both Customer and Company.

          (c)  Termination with cause by Company.
          Subject to the cure provisions contained herein, Company may
          immediately terminate this agreement by written notice to Customer in
          the event of (i) Customer's violation of any applicable law relating
          to the offer, sale or administration of the insurance or debt
          protection programs and the violation continues for fifteen (15) days
          after Customer has received notice of the violation; (ii) material
          breach of this Agreement by Customer, which material breach continues
          for thirty (30) days after Customer has received notice of the breach;
          (iii) gross neglect of duty, fraud, misappropriation, or embezzlement
          by Customer or its affiliates of funds owed to Company or any of its
          affiliates under this Agreement or any other agreement with Customer
          or any of its affiliates; (iv) Customer or any of its affiliates shall
          become the subject of any order or injunction of any court or
          governmental body relating to the offer, sale or administration of the
          insurance or debt protection programs and such order or injunction is
          not dismissed within thirty (30) days; or (v) Customer's voluntary
          bankruptcy, insolvency or assignment for the benefit of creditors. For
          purposes of this Agreement, an "affiliate" of Company is defined as
          any entity that is a member company of Assurant Solutions/Assurant
          Specialty Property or any entity under common ownership with such
          entity, and an "affiliate" of Customer shall mean any subsidiary,
          parent or successor corporation of Customer.

          (d)  Termination with cause by Customer.
          Subject to the cure provisions contained herein, Customer may
          immediately terminate this Agreement by written notice to Company in
          the event of (i) Company's violation of any applicable law relating to
          the offer, sale or administration of the insurance or debt protection
          programs and the violation continues for fifteen (15) days after
          Company has received notice of the violation; (ii) material breach of
          this Agreement by Company, which material breach continues for thirty
          (30) days after Company has received notice of the breach; (iii) gross
          neglect of duty, fraud, misappropriation, or embezzlement by Company
          of funds owed Customer under this Agreement or any other agreement
          with Company or any of its affiliates; (iv) Company or its affiliates
          shall become the subject of any order or injunction of any court or
          governmental body relating to the offer, sale or administration of the
          insurance or debt protection programs and such order or injunction is
          not dismissed within thirty (30) days; or (v) Company's voluntary
          bankruptcy, insolvency or assignment for the benefit of creditors.

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<PAGE>

          (e)  Right to cure.
          Both parties shall have the right to cure any event that would provide
          either party the right to terminate this Agreement for cause within
          thirty (30) days after written notice is received of the occurrence of
          such event unless a shorter period of time to cure such occurrence is
          provided by this Agreement. Such notice shall include a specific
          reference to the provision or provisions of this Agreement which are
          alleged to have been breached, a description of the event giving rise
          to the alleged violation, and the action to be taken by the party
          alleged to have violated the Agreement. During the cure period,
          neither party shall terminate the Agreement. Paragraphs 9(c)(iii) and
          9(d)(iii) are hereby expressly excluded from this right to cure.

4.   Section 21. shall be added to the Agreement as follows:

     21.  As soon as practicable, Company agrees to retain a program
          management/training resource who will reside in Texas and who will
          have daily interaction with Customer's representatives in an effort to
          increase sales volume. One resource shall be hired with respect to all
          products underwritten or issued by Company and its affiliates under
          this and any other agreement between Company and Customer.

5.   Section 22 shall be added to the Agreement as follows:

     22.  Exclusivity.
          During the term of this Agreement, as extended from time to time,
          Customer shall utilize Company exclusively for the insurance written
          hereunder, or any product which provides similar coverage.

          Notwithstanding the foregoing, in the event a product offered by
          Company hereunder is discontinued in any state and Company is unable
          to offer a substantially similar replacement product immediately,
          Customer may obtain such discontinued product for its customers in the
          affected state from another carrier. Company will provide Customer
          notice of plans to discontinue a product ninety (90) days prior to
          discontinuation, unless a regulatory mandate does not allow for as
          much as ninety (90) days advance notice.

                                       3
<PAGE>

          Further, in the event of a proposed rate decrease in any state which
          results in a rate for any product or group of products which would
          produce a decrease in annual premium production or debt protection
          fees greater than $100,000, then Company shall have sixty (60) days
          from and after the scheduled implementation date of the rate decrease
          to attempt to obtain approval of a different rate. If Company is
          unable within said sixty (60) days to obtain approval of a rate which
          is within one percent (1%) of the rate for a similar product available
          through another carrier in said state, then at the end of said sixty
          (60) day period Customer may offer such product through another
          carrier in the affected state until such time as Company can offer a
          rate for a substantially similar product that is within one percent
          (1%) of the alternative carriers' rate.

          Customer shall not terminate or aid, directly or indirectly, in the
          termination of any insurance written hereunder unless such termination
          is initiated by an insured, without encouragement by Customer. Nothing
          herein shall prohibit individual customer cancellations handled in the
          normal course of business.

          Further, in the event Customer implements a debt protection program,
          Company shall administer said debt protection program at a fee equal
          to 9.25% of net fees charged to participants under such program, which
          shall decrease to 9% at such time as the cumulative total of (i) net
          fees for the debt protection program and (ii) net premiums written
          since the First Amendment Effective Date for the business written
          under this Agreement and the Louisiana SERA (as defined in Section
          A.(1)(b)(ii) of the Group Experience Rating/Contingent Compensation
          Addendum), reaches $125,000,000.

6.   The amounts to be used for future inception-to-date calculations under the
     Group Experience Rating/Contingent Compensation Addendum as of the First
     Amendment Effective Date are set forth on Schedule C attached hereto and
     made a part hereof.

7.   The first paragraph of Section A and paragraph (1) of Section A of the
     Group Experience Rating/Contingent Compensation Addendum shall be amended
     to read as follows:

     A.   Within 10 days after each calendar quarter commencing with the First
          Amendment Effective Date and continuing while said Service Expense
          Reimbursement Agreement is in force, Company agrees to return Group
          Experience Rating/Contingent Compensation Credit on the coverages
          written under said Agreement as follows:

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<PAGE>

     (1)  Premium amounts will be calculated as follows and added together.

          (a)  The cumulative net earned premiums written in the State of Texas
               prior to the First Amendment Effective Date, which shall be based
               upon the agreed-upon cumulative figures set forth in paragraph 5
               of the First Amendment, for each type of insurance shown in
               Paragraph H of this Addendum, multiplied by 90%.

          (b)  The cumulative net earned premiums in the State of Texas
               commencing with the First Amendment Effective Date and continuing
               for all months (each month being considered as a full month
               rather than day-by-day) in which some time during such month the
               total combined net fees and insurance premiums written since the
               First Amendment Effective Date under the following agreements
               amount to $125,000,000 or less:
               (i)  this Agreement, and
               (ii) the Service Expense Reimbursement Agreement effective July
                    1, 1998 covering Louisiana business entered into between
                    Voyager Life Insurance Company, Voyager Property & Casualty
                    Insurance Company, American Bankers Life Assurance Company
                    of Florida, Ranchers & Farmers Mutual Insurance Company and
                    CAI, L.P., successor in interest to Affiliates Insurance
                    Agency, Inc., as amended from time to time (in which
                    American Bankers Insurance Company of Florida and American
                    Reliable Insurance Company were subsequently added and
                    Voyager Life Insurance Company and Ranchers & Farmers Mutual
                    Insurance Company were subsequently deleted as signatories)
                    (the "Louisiana SERA"), and
               (iii) net fees for the debt protection program

               multiplied by 89.75%; and

          (c)  The cumulative net earned premiums in the State of Texas
               commencing with the first full month (each month being considered
               as a full month rather than day-by-day) written since the First
               Amendment Effective Date, in which the total combined net fees
               and insurance premiums under the agreements set forth in
               paragraphs (i) through (iii) immediately above, exceed
               $125,000,000, multiplied by 90%

          and from the total there shall be deducted the sum of the following
          items for each type of insurance:

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<PAGE>

          (d)  The cumulative total of all losses and loss expenses, including
               all allocated loss adjustment expenses incurred, and
          (e)  All reserves, and
          (f)  The cumulative total of all earned expense reimbursements, paid
               or allowed Customer by Company, and
          (g)  The cumulative total of all amounts previously paid to Customer
               in accordance with this Addendum.

8.   The last paragraph of Section A of the Group Experience Rating/Contingent
     Compensation Addendum, which is set forth below, shall be deleted in its
     entirety:

          For purposes of this Addendum, any amounts accumulated under that
          certain Group Experience Rating/Contingent Compensation Credit
          Addendum, made effective December 30, 1994, from the sale of the above
          described Insurance in Texas shall be included in the calculations of
          the Group Experience Rating/Contingent Compensation Credit under this
          Paragraph A.

9.   Section G of the Group Experience Rating/Contingent Compensation Addendum
     shall be amended to read as follows:

     G.   In the event of termination of the Service Expense Reimbursement
          Agreement, Company shall continue to pay expense reimbursement
          payments as outlined in Section A of this Addendum. However, in the
          event a "deficit" exists or is projected at any time as a result of
          the calculation under Section A of this Addendum, Company may decrease
          the rate of Expense Reimbursement as provided in Section 8 of the
          Agreement.

10.  Section H of the Group Experience Rating/Contingent Compensation Addendum
     shall be amended to read as follows:

     H.   It is hereby understood that Paragraph A pertains to only the
          following types of insurance, at the indicated percent rates as shown
          for each type of insurance:

               Type of Insurance                  Percent Rate
               -----------------                  ------------
               Credit Life                             (*)
               Credit Accident & Health                (*)
               Credit Property                         (*)
               Involuntary Unemployment Ins.           (*)
               Leased Property                         (*)

     --------
     (*)

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<PAGE>

    (i)   The Percent Rate shall be 90% prior to the First Amendment Effective
          Date.

    (ii)  After the First Amendment Effective Date, the portion of insurance
          under this Agreement to which the Percent Rate applies shall be 89.75%
          as to any month (each month being considered as a full month rather
          than day-by-day) in which the total combined net fees and insurance
          premiums written since the First Amendment Effective Date under the
          following agreements amount to $125,000,000 or less: (a) this
          Agreement, and (b) the Louisiana SERA, and (c) net fees for the debt
          protection program.

    (iii) After the First Amendment Effective Date, the portion of insurance
          under this Agreement to which the Percent Rate applies shall be 90%
          commencing with any month (each month being considered as a full month
          rather than day-by-day) in which the total combined net fees and
          insurance premiums written since the First Amendment Effective Date
          under the agreements listed in paragraphs (a) through (c) immediately
          preceding exceed $125,000,000.

     The attached Schedule B sets forth an illustration of the calculation of
     the Group Experience Rating/Contingent Compensation Credit using the above
     rates.

11.  Section I of the Group Experience Rating/Contingent Compensation Addendum
     shall be amended to read as follows:

     Until such time as this Agreement is terminated, Company agrees to pay
     Customer investment income on the cash held by the Company, at the interest
     rate of an 18 month CD, as posted on the Bank One/Chase website. The cash
     held by the Company shall be calculated according to the following formula:

                    [*]% of the cumulative net written premium

         Less:      the cumulative losses and loss expenses paid;

                    the cumulative advance commissions paid or retained; and

                    the cumulative contingent commissions paid or due.

         Equals:    cash held by Company.

     Each month the average cash held for the month will be calculated based on
     current and prior month balances of total cash held. The average cash held
     for the month shall be multiplied by the 18 month CD rate posted in the
     Bank One/Chase website at the end of the month divided by 12, to determine
     the interest accrued for the month. The product of this

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<PAGE>

     calculation for each of the three months in a quarter shall be added to
     determine the investment income to be paid on cash withheld for the
     quarter.
     ----------
     [*] This percentage rate shall be the same as that applied under Section H
     of this Addendum, as amended by the First Amendment, based on the blended
     rate that results from the sliding scale contained therein.

12.  Schedule A of the Agreement shall be deleted in its entirety and restated
     as attached to this First Amendment.

13.  Section J. shall be added to the Group Experience Rating/Contingent
     Compensation Addendum and shall read as follows:

     J.   In the event Company has exercised its right to change the rate of
          Expense Reimbursement as provided in Section 8 of the Service Expense
          Reimbursement Agreement, as amended, Company and Customer shall
          thereafter conduct a review of the Group Experience Rating/Contingent
          Compensation Addendum to determine whether any adjustments under said
          Addendum are appropriate in order to avoid a future deficit or to
          maintain equity as to the Company and/or Customer in the calculation
          under the Group Experience Rating/Contingent Compensation Addendum.
          Any adjustment to the Group Experience Rating/Contingent Compensation
          Addendum shall be made only upon mutual written agreement, and any
          dispute relating thereto shall be resolved in accordance with the
          arbitration provisions of Section 10 of this Agreement.

14.  All other provisions of the Agreement shall remain in full force and
     effect, unaffected hereby.

IN WITNESS WHEREOF, this Amendment is executed as of the date set forth above by
the duly authorized representative of each party.

                                             CAI, L.P., by its General Partner
                                                     Conn Appliances, Inc.

                                            By:           /s/ David R. Atnip
                                               ---------------------------------

                                            Print Name:   David R. Atnip
                                                      --------------------------

                                            Title:        Treasurer
                                                 -------------------------------

                                            Date:         7/21/2005
                                                --------------------------------

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<PAGE>

                                              AMERICAN BANKERS LIFE ASSURANCE
                                              COMPANY OF FLORIDA as successor in
                                              Interest to VOYAGER LIFE INSURANCE
                                              COMPANY

                                              By:          /s/ Valerie Seasholtz
                                                 -------------------------------
                                              Print Name:  Valerie Seasholtz
                                                        ------------------------
                                              Title:       Senior Vice President
                                                   -----------------------------
                                              Date:        7/21/2005
                                                  ------------------------------

                                              VOYAGER PROPERTY & CASUALTY
                                              INSURANCE COMPANY

                                              By:          /s/ Valerie Seasholtz
                                                 -------------------------------
                                              Print Name:  Valerie Seasholtz
                                                        ------------------------
                                              Title:       Senior Vice President
                                                   -----------------------------
                                              Date:        7/21/2005
                                                  ------------------------------

                                              AMERICAN BANKERS LIFE ASSURANCE
                                              COMPANY OF FLORIDA

                                              By:          /s/ Valerie Seasholtz
                                                 -------------------------------
                                              Print Name:  Valerie Seasholtz
                                                        ------------------------
                                              Title:       Senior Vice President
                                                   -----------------------------
                                              Date:        7/21/2005
                                                  ------------------------------

                                              AMERICAN BANKERS INSURANCE
                                              COMPANY OF FLORIDA

                                              By:          /s/ Valerie Seasholtz
                                                 -------------------------------
                                              Print Name:  Valerie Seasholtz
                                                         -----------------------
                                              Title:       Senior Vice President
                                                   -----------------------------
                                              Date:        7/21/2005
                                                  ------------------------------

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<PAGE>

                                              AMERICAN BANKERS GENERAL
                                              AGENCY, INC. on behalf of
                                              RANCHERS & FARMERS MUTUAL
                                              INSURANCE COMPANY

                                              By:          /s/ Charles D Helton
                                                 -------------------------------
                                              Print Name:  Charles D Helton
                                                         -----------------------
                                              Title:       President
                                                   -----------------------------
                                              Date:        7/21/2005
                                                  ------------------------------

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<PAGE>

                                   SCHEDULE A

This Schedule A is attached to and by reference made a part of the Service
Expense Reimbursement Agreement indicated above (the "Agreement") between the
insurance companies named below ("Company") and CAI, L.P. ("Customer"). This
Schedule A is effective June 30, 2005.
<TABLE>
<CAPTION>
<S>         <C>                  <C>    <C>            <C>       <C>       <C>
                                                                   Maximums Allowed
------------------------------------------------------------------------------------
                                            Expense
                                         Reimbursement
 Company*     Insurance Type      State      Rate       Coverage  Benefits   Term
----------   ---------------      -----      ----       --------  --------   ----
------------------------------------------------------------------------------------
  ABLAC      Credit Life - SP      TX         35%        $20,000     N/A    60 mos.
------------------------------------------------------------------------------------
  ABLAC      Credit Life - MOB     TX         35%        $20,000     N/A     1 mo.
------------------------------------------------------------------------------------
  ABLAC      Credit Accident &     TX         35%          N/A      $800    60 mos.
                Health - SP
------------------------------------------------------------------------------------
  ABLAC      Credit Accident &     TX         35%          N/A      $800     1 mo.
               Health - MOB
------------------------------------------------------------------------------------
   R&F      Credit Property - SP   TX         35%        $20,000     N/A    60 mos.
------------------------------------------------------------------------------------
   R&F     Credit Property - MOB   TX         35%        $20,000     N/A     1 mo.
------------------------------------------------------------------------------------
   R&F        Leased Property      TX         35%        $10,000     N/A     1 mo.
------------------------------------------------------------------------------------
  ABIC          Involuntary        TX         35%          N/A      $500    60 mos.
             Unemployment - SP
------------------------------------------------------------------------------------
  ABIC          Involuntary        TX         35%          N/A      $500    60 mos.
            Unemployment - MOB
------------------------------------------------------------------------------------

*Initials designate the following companies:
ABIC - American Bankers Insurance Company of Florida
ABLAC - American Bankers Life Assurance Company of Florida
R&F - Ranchers & Farmers Mutual Insurance Company
</TABLE>

                                       11
<PAGE>

                                   SCHEDULE B

If, as of the end of any month, total combined net fees and insurance premiums
written since the First Amendment Effective Date under the specified agreements
total $125,000,000 or less, the Percent Rate under Section H of the Group
Experience Rating/Contingent Compensation Addendum, based upon which a payment
shall be made at the end of the respective quarter, shall be 89.75% as to each
such month (each month being considered as a full month rather than day-by-day).

If, as of the end of any month, total combined net fees and insurance premiums
written since the First Amendment Effective Date under the specified agreements
exceed $125,000,000, the Percent Rate under Section H of the Group Experience
Rating/Contingent Compensation Addendum, based upon which a payment shall be
made at the end of the respective quarter, shall be 90% for that month (each
month being considered as a full month rather than day-by-day) and thereafter.

                                       12SERVICE EXPENSE REIMBURSEMENT AGREEMENT

     BY THIS AGREEMENT, the insurance companies,  managers and agencies named in
the Schedule A(s) attached to and forming a part of this Agreement,  hereinafter
referred  to  as  "Company,"  and  CAI  Credit  Insurance   Agency,   Inc.,  its
subsidiaries  and affiliates  hereinafter  referred to as  "Customer,"  agree as
follows effective July 1, 1998.

1.    Company has offered to provide insurance coverage,  service and facilities
      through its agents for  insurance  programs,  as described in the Schedule
      A(s) attached,  for insuring Credit Life, Credit Accident & Health, Credit
      Property,  Leased Property, and Involuntary  Unemployment  Insurance.  The
      borrowers,  members,  customers,  lessees  or any other  person  having an
      interest in a policy of  certificate  subject to this  Agreement  shall be
      referred to as "Participant(s)."

2.    The development and  implementation  of such insurance program will result
      in additional administrative costs and expenses for Customer.

3.    Customer  and  Company  have  agreed  upon  their  respective  duties  and
      responsibilities  in the  matter  of  providing  services,  coverages  and
      facilities in connection  with such  insurance  program and upon a formula
      for reimbursement to Customer of sums necessary to compensate Customer for
      its costs and expense therein incurred.

4.    Because it is impossible to determine precisely the cost and expense which
      will  be  incurred   by   Customer   in   carrying   out  its  duties  and
      responsibilities as herein specified, Company agrees to reimburse Customer
      for its costs and expenses in the service and  administration of insurance
      furnished under said programs as follows:

      Company shall pay to Customer an Expense Reimbursement:

            equal to the percentage of net premiums written or the fixed fee
            shown in the column headed Reimbursement Rate in the Schedule A(s)
            attached hereto.

      It is a  condition  of this  Agreement  that  Customer  refund  ratably to
      Company on canceled  coverages  and on  reductions in premiums at the same
      rate at which such Expense Reimbursement was originally paid.

5.    Customer  agrees to cooperate with Company in all  reasonable  particulars
      contemplated  by this  Agreement  and  understands  that  its  duties  and
      responsibilities  in the  matter  of  providing  services,  coverages  and
      facilities and for which it is to be reimbursed hereunder are:

      (A)   Distribute   to   Participants,   Company's   forms,   supplies  and
            instructions for use as well as material covering the administration
            and distribution of policies or certificates of insurance;

                                       1
<PAGE>

      (B)   Permit  the use of its  credit  card,  or such  other  method  as it
            authorized by law, for the  collection of premium  contributions  by
            Participants.  Maintain an insurance  escrow account,  receive,  and
            account for all premiums and remit to Company  premiums on insurance
            written less cancellation refunds with respect to insurance programs
            contemplated by this Agreement;

      (C)   Perform clerical functions, typing and mailing of insurance policies
            or certificates, endorsements, cancellations and periodic statements
            covering premium due, net of refunds and other allowances;

      (D)   Furnish  Company with reports of all  transactions  of  Participants
            pursuant to insurance  programs of Company,  contemplated under this
            Agreement;

      (E)   Perform such other similar administrative actions as may be required
            by Company.

      All  premiums  held by  Customer  pursuant  to (B) above  shall be held as
      trustee for Company until  delivered to it. Company  reserves the right to
      require  Customer  to  deposit  all  premiums,   less  Customer's  Expense
      Reimbursement  as set forth in Paragraph 4 hereof,  in a premium  trust or
      escrow account.

      The reports and remittances  provided for in (B) and (D) above shall be on
      forms  provided by or acceptable to Company,  and shall be  transmitted in
      time to be  received  by Company not later than twenty (20) days after the
      end of each  calendar  month.  Premium  payments  not made by the due date
      above  shall bear  interest  from the due date at the rate of one  percent
      (1%) per month, or the applicable legal maximum rate, whichever is less.

6.    Periodically,  Company  may  require  evidence  that  expense  incurred by
      Customer was approximately equal to reimbursement calculated hereunder.

      Customer shall upon request by Company's authorized representative, during
      normal business hours, make available for inspection all books and records
      pertaining  to business  covered by this  Agreement  and the Schedules and
      Addenda attached hereto.

7.    Company  reserves the right to offset any amounts due to or from  Customer
      under this  Agreement  and its Schedules and Addenda (if any) Credit Life,
      Credit Accident & Health, Credit Property,  Involuntary Unemployment,  and
      Leased  Property  Insurance,  against any amounts due to or from  Customer
      under  this or any  agreements  Customer  may have  from time to time with
      Company and/or any other  subsidiaries  or affiliates of American  Bankers
      Insurance Group, Inc. Customer will have thirty (30) days to challenge any
      amounts due Company prior to such offset being made and, if challenged, no
      offsets  will be made.  The issue will be referred to  arbitration,  as in
      Paragraph 10.

8.    Company may  authorize  Customer to offer new products  and may  establish
      rates of Expense Reimbursement on such new products. Company also reserves
      the right to cease  offering any product listed on Schedule A at any time.
      Company may also prospectively  change the rates of Expense  Reimbursement
      for  products  on  Schedule  A upon  thirty  (30) days  advance  notice if
      required by state  regulatory  authority,  or with the written  consent of
      Customer if one or more product lines is in deficit.  This written consent
      shall  not be made  unreasonably  withheld.  In all other  respects,  this
      Agreement may be altered or amended only in writing  signed by both of the
      parties.

                                       2
<PAGE>

9.    This Agreement may be terminated by Company at any time by giving Customer
      thirty (30) days notice, in writing, of its intention to terminate.

      This Agreement may be terminated at any time by the mutual consent of both
      Customer and Company.

      This Agreement may be terminated by Customer with cause at any time,  upon
      thirty  (30) days  written  notice  provided  to  Company.  Cause shall be
      defined  as a  material  breach  of the  Agreement  which is not  cured by
      Company within thirty (30) days of written notice thereof.

10.  (A)    Any and all disputed or  disagreements  arising  between the parties
            pertaining to or relating in any manner to this Agreement, including
            but not limited to any disputes or  disagreements  as to the meaning
            or interpretation of this Agreement,  or any portion thereof, or the
            relationship of the parties created under this Agreement, upon which
            an amicable understanding cannot be reached, including any breach of
            this Agreement,  are to be decided by arbitration in accordance with
            the rules of the American  Arbitration  Association,  and subject to
            applicable  provisions  of the  statutes of the state of Texas.  The
            parties  agree  to  be  bound  by  the  majority   decision  of  the
            arbitrators.  The  arbitration  proceeding  shall take place in Fort
            Worth,  Texas,  unless another location is mutually agreed to by the
            parties.  Each  party  shall be  responsible  for its own  costs and
            expenses in arbitrating the dispute.

      (B)   The  arbitrators  shall state in their decision the basis upon which
            their  decision  may be  made.  An  appeal  may  be  made  from  the
            arbitrators'  decision  to a court of general  jurisdiction  in Fort
            Worth,  Texas,  on the  grounds  set  forth in the Texas  code.  All
            parties to this Agreement, by signing this Agreement, consent to the
            personal jurisdiction of the Texas courts.

      (C)   Three arbitrators  shall be selected for the arbitration  panel. One
            arbitrator  shall be selected by each  party.  The third  arbitrator
            shall be selected  by the  arbitrators  names by each party.  In the
            event an  agreement  cannot be reached  as to the third  arbitrator,
            either  party may  petition  a court of  competent  jurisdiction  to
            appoint a neutral  arbitrator as the third  arbitrator.  The Federal
            Rules of Civil  Procedure  and the Federal  Rules of Evidence  shall
            govern all procedural issues; however, upon order of the arbitrators
            or by agreement of the parties, time limits contained therein may be
            shortened or lengthened. The provision shall survive the termination
            of this Agreement.

                                       3
<PAGE>

11.  (A)   Upon termination of this Agreement,  Customer shall promptly account
            or and pay over to Company all  premiums  due Company  upon  risk(s)
            placed by Customer.

      (B)   Customer  further agrees,  upon  termination of this  Agreement,  to
            render the normal and usual customer services for Company during the
            remaining unexpired term of all policies placed by Customer.

      (C)   Company agrees, upon termination of this Agreement,  to transfer 90%
            of the net cumulative  premiums  collected,  less (1) the cumulative
            total losses paid by the Company,  and (2) the  cumulative  total of
            all payments  including,  but not limited to:  advance  commissions,
            expense  reimbursements,   and  group  experience  rating/contingent
            compensation  previously paid to the Agent, to any insurer  selected
            by Agent  provided  such  insurer  is  approved  by the  appropriate
            regulatory  authorities to write  insurance in the State of Texas of
            the  type(s)  for  which  the  net  cumulative  premiums  have  been
            collected   and  for  which  group   experience   ratings/contingent
            compensation  payments may be or become due Customer.  All liability
            for  subsequent  claims,  refunds  or any  other  policy/certificate
            obligations  regardless  of  effective  or incurred  date,  shall be
            transferred  from  Company to the approved  assuming  insurer on the
            effective date of such assumption.

12.   In performing its obligations pursuant to this Agreement, Company may have
      access to and receive disclosure of certain confidential information about
      or  belonging  to  Customer,  including  but not  limited  to:  Customer's
      marketing  philosophy,   techniques,   and  objectives,   advertising  and
      promotional  copy,  competitive  advantages and  disadvantages,  financial
      results, technological developments,  Participant and cardholder lists and
      a variety of other  information  and materials  which  Customer  considers
      confidential or proprietary (hereinafter "Confidential Information").

      Company  agrees that  during the term of this  Agreement  and  thereafter,
      Confidential   Information  is  to  be  used  solely  in  connection  with
      satisfying its obligations  pursuant to this Agreement,  and that it shall
      neither  disclose  Confidential  Information  to any  third  party nor use
      Confidential  Information for its own benefit,  except as may be necessary
      to perform its obligations pursuant to this Agreement.

      All Confidential  Information furnished to Company in connection with this
      Agreement  is the  exclusive  property of Customer  and, at the request of
      Customer or upon  termination  of this  Agreement,  Company shall promptly
      return to Customer  all  Confidential  Information  without  copying  such
      information.

      Company  shall  take  measures  to  prevent  its  agents,   employees  and
      subcontractors  from using or  disclosing  any  Confidential  Information,
      except as may be necessary for Company to perform its obligations pursuant
      to this  Agreement.  Company  agrees  that it may not use,  rent,  sell or
      authorize the use of the names and addresses supplied by Customer.

                                       4
<PAGE>

      This provision shall survive the termination of this Agreement.

13.   Company  hereby agrees to indemnify  Customer,  its  directors,  officers,
      employees,  and corporate affiliates (the "indemnified parties"), and hold
      them  harmless  against and pay on their behalf any sums which any of them
      shall become legally  obligated to pay as damages,  fines,  interest,  and
      judgments  which  directly or  indirectly  arise from or are caused by the
      wrongful  or  negligent  acts or  omissions  of Company or its  directors,
      officers,  employees and corporate  affiliates,  as well as any reasonable
      attorney's fees, costs and expenses incurred.  It is a condition precedent
      to the  obligations of Company under this  Paragraph that any  indemnified
      party who is being indemnified  hereunder shall cooperate in such defense.
      Notwithstanding  the  indemnification  provided herein, it is specifically
      agreed that Customer shall  participate on a pro rata basis with regard to
      any premium  refunds or rebates made by Company which may be occasioned by
      any claim, controversy, dispute, lawsuit, or administrative proceeding.

14.   It is a condition precedent to payment of any amounts under this Agreement
      by Company  that  Customer  shall  certify in writing to Company  that all
      known claims have been reported to Company.  It is understood  and agreed,
      however,  that no waiver of this condition  precedent  shall result should
      Company fail to require such certification of claims.

15.   This  Agreement  together  with any insurance  programs  designated by the
      parties shall constitute the entire contract between the parties and there
      are no other agreements, oral or written, prior to or contemporaneous with
      this Agreement, other than that stated herein.

16.   This Agreement has been executed in a number of Counterparts, any of which
      may be taken as an original.

17.   This  Agreement  is  executed  on behalf of Company  and  Customer  by the
      authorized signatures on the Schedule A(s) attached hereto.

18.   Customer  may assign its right to receive  any monies due or to become due
      from Company under this Agreement or any of its addenda, including but not
      limited to Expense Reimbursement,  to any affiliate of Customer, including
      any  affiliated  insurance  agent or agency,  or any other  individual  or
      entity  authorized to sell or receive  compensation for the sale of any of
      the  insurance  products  covered by this  Service  Expense  Reimbursement
      Agreement.  An affiliate  shall be a parent,  a wholly owned or controlled
      subsidiary  of  Customer or any  affiliate  which is under the same common
      control or ownership as Customer.  Notice of assignment  shall be given to
      Company,  in writing.  Such assignment shall not be binding on Company and
      shall be of no effect until and unless Company  acknowledges,  in writing,
      such  assignment.  Payment by  Company of any amount due by Company  under
      this Agreement or any of its addenda to the assignee shall release Company
      of  any  obligation  to  Customer  for  the  amount  paid.  No  subsequent
      revocation of an  assignment  shall be binding on Company until and unless
      Company acknowledges such revocation in writing.

                                       5
<PAGE>

      In addition,  simultaneous with such assignment,  Customer may delegate to
      any such  affiliate  any  administrative  duties of  Customer  that can be
      performed under this Agreement by such  affiliate.  Written notice of such
      delegation shall be given to Company. Neither the giving of such notice or
      Company's  acknowledgment  or consent  to such  delegation  shall  release
      Customer  from  any  responsibility  for  performance  of  any  duties  or
      obligations under this Agreement or any of its addenda.

19.   In  consideration  of the mutual promises and covenants  contained in this
      Service  Expense  Reimbursement  Agreement,   American  Bankers  Insurance
      Company hereby guarantees to Customer, its affiliates and subsidiaries the
      performance  by Company of all of Company's  obligations  contained in the
      Service Expense Reimbursement  Agreement and any and all future amendments
      or schedules thereto.

20.   The following Schedules and/or Addendas are attached to and made a part of
      this Agreement at its inception:

--------------------------------------------------------------------------------
      Name of Schedule or Addenda:                          Form Number
--------------------------------------------------------------------------------
Service Expense Reimbursement Agreement-                SERA/SCH.A/9-10-94
              Schedule A
--------------------------------------------------------------------------------
Service Expense Reimbursement Agreement-          S:\ASSIST\MICHELLE\CAICONT.SAM
   Group Experience Rating/Contingent
         Compensation Addendum
--------------------------------------------------------------------------------

 VLIC  Voyager Life Insurance Company
 VPCIC Voyager Property & Casualty Insurance Company
 ABLAC American Bankers Life Assurance Company of Florida
 R&F   Ranchers & Farmers County Mutual Insurance Company

s:\assist\michelle\caisera.sam

                                       6
<PAGE>

                     SERVICE EXPENSE REIMBURSEMENT AGREEMENT
                                   SCHEDULE A

This  Schedule  is  attached  to and by  `reference  made a part of the  Service
Expense Reimbursement Agreement indicated above between the insurance companies,
managers and agencies named below, hereinafter referred to as "Company", and CAl
Credit Insurance Agency, Inc., hereinafter referred to as "customer", dated July
1, 1998. This Schedule is effective July 1, 1998.

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

      1.    Customer  has  agreed  to  offer,  on  Company's  behalf,  types  of
            insurance  as  shown  in  Paragraph  2 to  Participants,  borrowers,
            members, customers or lessees of:

                        CAI CREDIT INSURANCE AGENCY, INC.

      2.    Customer has agreed to provide services in connection with the types
            of insurance  shown in the states  listed with maximums as shown and
            for the  Expense  Reimbursement  rate  shown,  which may be either a
            fixed amount or a percent of net premiums  written.  (gross premiums
            less cancellations):
<TABLE>
<CAPTION>
<S>        <C>                        <C>    <C>            <C>       <C>       <C>
-----------------------------------------------------------------------------------------
                                                 Expense               Monthly
Company*        Insurance Type         State  Reimbursement  Coverage  Benefits   Term
                                                  Rate
-----------------------------------------------------------------------------------------
   VLIC         Credit Life-SP          LA         35%        $20,000     N/A    60 Mos.
-----------------------------------------------------------------------------------------
   VLIC        Credit Life - MOB        LA         35%        $20,000     N/A     1 Mo.
-----------------------------------------------------------------------------------------
   VLIC    Credit Accident & Health -   LA         35%          N/A      $800    60 Mos.
                     SP
-----------------------------------------------------------------------------------------
   VLIC    Credit Accident & Health -   LA         35%          N/A      $800     1 Mo.
                     MOB
-----------------------------------------------------------------------------------------
  VPCIC       Credit Property - SP      LA         35%        $20,000     N/A    60 Mos.
-----------------------------------------------------------------------------------------
  VPCIC      Credit Property - MOB      LA         35%        $20,000     N/A     1 Mo.
-----------------------------------------------------------------------------------------
  VPCIC          Lease Property         LA         35%        $10,000     N/A     1 Mo.
-----------------------------------------------------------------------------------------
  VPCIC     Involuntary Unemployment    LA         35%          N/A      $500     1 Mo.
-----------------------------------------------------------------------------------------

Execution of this Schedule A also constitutes  execution of all of the schedules
and/or  addendas listed in Paragraph 19 of this Agreement of which this Schedule
A becomes a part.

s:\assist\rnichelle\caiscala.S8ITI
</TABLE>

                                       7
<PAGE>

Executed on behalf of the Company          Executed by or on behalf of the Agent
at Fort Worth, Texas, this 21st            at Beaumont, Texas, this 21st
day of  July ____, 1998.                   day of July ____, 1998.

AMERICAN BANKERS LIFE
ASSURANCE COMPANY OF FLORIDA
RANCHERS & FARMERS COUNTY                  CAI CREDIT INSURANCE AGENCY INC.
MUTUAL INSURANCE COMPANY
VOYAGER LIFE INSURANCE COMPANY
VOYAGER PROPERTY AND CASUALTY
INSURANCE COMPANY

By:      /s/ Mark Cooper                   By:      /s/ Thomas J. Frank
         --------------------------                 ----------------------------
Title:   Authorized Representative         Title:   President
         --------------------------                 ----------------------------
Witness:

AMERICAN BANKERS
INSURANCE COMPANY

By:      /s/ Mark Cooper
         --------------------------
Title:   Authorized Representative
         --------------------------
Witness:

*Initials designate the following companies:

ABLAC  American Bankers Life Assurance Company of Florida
R&F    Ranchers & Farmers County Mutual Insurance Company
VLIC   Voyager Life Insurance Company
VPCIC  Voyager Property & Casualty Insurance Company

                                       8
<PAGE>

                    SERVICE EXPENSE REIMBURSEMENT A GREEMENT
            GROUP EXPERIENCE RATING/CONTINGENT COMPENSATION ADDENDUM

THIS ADDENDUM is attached to and by reference made a part of the Service Expense
Reimbursement   Agreement  indicated  above  between  the  insurance  companies,
managers and agencies named below, hereinafter referred to as "Company", and CAI
Credit Insurance Agency, Inc., hereinafter referred to as "Customer", dated July
1, 1998. This Addendum is effective July 1, 1998.

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

A.    Within 10 days  after  August 1, 1998 (such  date  hereinafter  deemed the
      "accounting  date"),  and within 10 days after each month thereafter while
      said Service Expense  Reimbursement  Agreement is in force, Company agrees
      to return a Group Experience Rating/Contingent  Compensation Credit on the
      coverages written under said Agreement as follows:

      (1)   The cumulative earned premiums written in the State of Louisiana for
            each type of insurance shown in Paragraph H of this Addendum will be
            multiplied  by the  percent  shown in  Paragraph  H for each type of
            insurance and from the product of this multiplication there shall be
            deducted the sum of the following items for each type of insurance:

            a)    The  cumulative   total  of  all  losses  and  loss  expenses,
                  including all allocated loss adjustment expenses incurred, and

            b)    All reserves, and

            c)    The  cumulative  total of all earned  expense  reimbursements,
                  paid or allowed Customer by Company, and

            d)    The  cumulative  total  of  all  amounts  previously  paid  to
                  Customer in accordance with this Addendum.

      (2)   "Losses"  include,  but are not  limited  to,  any  amounts  Company
            becomes  obligated  to pay  to any  third  party  arising  out of or
            related  to  claims  made  under  coverages  under  this  Agreement,
            including, but not limited to, damages, court awards or judgments or
            any kind or nature assessed against Company.

      For purposes of this Addendum,  any amounts accumulated under that certain
      Group Experience  Rating/Contingent  Compensation  Credit  Addendum,  made
      effective  December  30,  1994,  from  the  sale  of the  above  described
      insurance in Louisiana shall be included in the  calculations of the Group
      Experience Rating/Contingent Compensation Credit in this Paragraph A.

B.    If the  combined  remainder  computed  in  Paragraph  A for all  types  of
      insurance shown in Paragraph H is a positive figure,  Company shall pay to
      Customer the amount of such remainder  provided that all premiums then due
      Company  shall have been  received by Company.  If the combined  remainder
      computed in Paragraph A for all types of insurance shown in Paragraph H is
      a negative figure, the negative figure shall be carried over to subsequent
      accountings  against any amounts that otherwise become payable to Customer
      under aforesaid formula. Company reserves the right to require Customer to
      repay any Group Experience Rating/Contingent  Compensation Credit received
      because  of  errors  in  calculations  or  in  the  event  of  retroactive
      reductions in premium rates mandated by state regulatory authorities.

                                       9
<PAGE>

C.    The  Group  Experience  Rating/Contingent  Compensation  Credit to be paid
      under this Addendum shall not exceed the maximum amount promulgated by the
      insurance  statutes and  regulations  of the state wherein the business is
      written.

D.    Payments made under the provisions of this Addendum by Company to Customer
      shall discharge Company's obligation hereunder for the amounts so paid.

E.    Company  reserves the right to offset any amounts due to or from  Customer
      under this  Agreement  and its  Schedules  and Addenda (if any) for Credit
      Life,  Credit  Accident & Health,  Credit  Property,  and Leased  Property
      insurance  against any amounts due to or from  Customer  under this or any
      agreements  Customer  may have from time to time with  Company  and/or any
      other subsidiaries or affiliates of American Bankers Insurance Group, Inc.
      The  Customer  will have  thirty (30 days) to  challenge  any  amounts due
      Company  prior to such offset  being made and, if  challenged,  no offsets
      will be made. The issue will be referred to arbitration as in Paragraph 10
      of the S.E.R.A. agreement.

F.    It is a condition  precedent to payment of any amounts under this Addendum
      by Company  that  Customer  shall  certify in writing to Company  that all
      known claims have been reported to Company.  It is understood  and agreed,
      however,  that no waiver of this condition  precedent  shall result should
      Company fail to require such certification of claims.

G.    In  the  event  of  termination  of  the  Service  Expense   Reimbursement
      Agreement, Company shall continue to pay expense reimbursement payments as
      outlined  in  Section  A of this  Addendum.  However,  in the  event  of a
      "deficit", which is deemed to exist any time the result of the calculation
      under the provision of paragraph A of this Addendum is a negative  number,
      Customer  shall pay the amount of said  deficit to the  Company  within 10
      days of receiving the respective monthly statement.

      When all policy and/or certificate liabilities,  including losses and loss
      adjustment  expenses have been  terminated by expiration,  cancellation or
      prepayment,  Company shall render a final accounting to Customer,  Company
      may  withhold  payment  for  this  final  accounting  until  customer  has
      certified  in writing to Company  that all known  claims  against  company
      shall have been duly reported to Company.

H.    It is hereby  understood  that  Paragraph A pertains to only the following
      types of insurance,  at the indicated percent rates as shown for each type
      of insurance.

                                       10
<PAGE>

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

       Type of Insurance                             Percent Rate

--------------------------------------------------------------------------------
         Credit Life                                      90%
--------------------------------------------------------------------------------
     Credit Accident & Health                             90%
--------------------------------------------------------------------------------
        Credit Property                                   90%
--------------------------------------------------------------------------------
  Involuntary Unemployment Ins.                           90%
--------------------------------------------------------------------------------
        Leased Property                                   90%
--------------------------------------------------------------------------------

I.    Until such time as this  Agreement is  terminated,  Company  agrees to pay
      Customer  investment  income  on the  cash  held  by the  Company,  at the
      interest rate of a one year CD, at Chase Bank Texas National Association's
      main Fort  Worth,  Texas  branch.  The cash held by the  Company  shall be
      calculated according to the following formula:

                        90% of the cumulative net written premium
            Less:       the cumulative losses and loss expenses paid;
                        the cumulative advance commissions paid or retained;
                        and the cumulative contingent commissions paid or due.
            Equals      cash held by Company.

      Such investment  income will be paid within thirty (30) days of the end of
      each calendar  quarter based on the average of the cash held by Company at
      the beginning and end of the prior quarter.

                                       11
<PAGE>

s:\assist\rnichelle\caiscala.S8ITI

Executed on behalf of the Company          Executed by or on behalf of the Agent
at Fort Worth, Texas, this 21st            at Beaumont, Texas, this 21st
day of July ____, 1998.                    day of July ____, 1998.

AMERICAN BANKERS LIFE
ASSURANCE COMPANY OF FLORIDA
RANCHERS & FARMERS COUNTY                  CAI CREDIT INSURANCE AGENCY INC.
MUTUAL INSURANCE COMPANY
VOYAGER LIFE INSURANCE COMPANY
VOYAGER PROPERTY AND CASUALTY
INSURANCE COMPANY

By:      /s/ Mark Cooper                   By:     /s/ Thomas J. Frank
         -------------------------                 -----------------------------
Title:   Authorized Representative         Title:  President
         -------------------------                 -----------------------------
Witness:

*Initials designate the following companies:

ABLAC  American Bankers Life Assurance Company of Florida
R&F    Ranchers & Farmers County Mutual Insurance Company
VLIC   Voyager Life Insurance Company
VPCIC  Voyager Property & Casualty Insurance Company

                                       12

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