Document:

Endorsement No 1 effective June 1, 2015 to Multi-Year Reinstatement Premium

 

 
 EXHIBIT 10.66 
 **** indicates
material that has been omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the U.S. Securities and Exchange Commission. 

  
  

			
	ARP-HCI-02-RPP-202-14	  	
		
	DOC: June 9, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

to the 
 MULTI-YEAR
REINSTATEMENT PREMIUM PROTECTION REINSURANCE CONTRACT 
 (hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

issued to 
 HOMEOWNERS CHOICE
PROPERTY & CASUALTY INSURANCE COMPANY, INC. 
 TAMPA, FLORIDA 

(hereinafter called the “Reinsured”) 

by 
 BLUE WATER REINSURANCE LTD.

 (hereinafter called, with other participants, the “Reinsurer”) 

Effective June 1, 2015, the Contract has been amended as follows: 

PARAGRAPH (1) OF ARTICLE 9 – COLLATERAL shall read as follows: 

As promptly as possible following execution of this Contract, the Reinsurer (as Grantor) shall enter into a Trust Agreement (the “Trust Agreement”)
with the Reinsured (as Beneficiary) and the trustee, pursuant to which the Reinsurer shall provide collateral in the form of eligible Assets deposited and held in a Trust Account, with such Assets for Contract Year 1 having a market value greater
than or equal to $2,506,625 (the “Collateral,” which is not subject to the percentage share as expressed in the Interests and Liabilities Agreement attached hereto), less unpaid premium (net of brokerage and applicable Federal Excise Tax).
It is understood that deposit premium paid in accordance with the Rate and Premium Article shall be deposited into the Trust Account. 
 As promptly as
possible following June 1, 2015, the Reinsurer shall provide additional collateral in the form of eligible Assets, to ensure the Trust Account having a market value greater than or equal to $3,008,240.60 for Contract Year 2 (the
“Collateral,” which is not subject to the percentage share as expressed in the Interests and Liabilities Agreement attached hereto), less unpaid premium (net of brokerage and applicable Federal Excise Tax). It is understood that deposit
premium paid in accordance with the Rate and Premium Article shall be deposited into the Trust Account. 
 PARAGRAPH (5) OF ARTICLE 11 –
CONFIDENTIALITY shall read as follows: 
 With regard to any personally identifiable information of the insured under the Reinsured’s Policy to
which the Reinsurer or its representatives may have access, the Reinsurer shall agree to be bound by the insurance privacy laws of the state in which the Policy is issued and any applicable U.S. federal law and shall keep such information secure in
accordance with U.S. insurance industry standards or that of the Reinsurer’s country of domicile, whichever standards are higher. 

  
  

			
	ARP-HCI-02-RPP-202-14	  	Endorsement No. 1 – BLWTR
		
	DOC: June 9, 2015	  	

 

 
  

 SCHEDULE B shall now read as attached. 

All other Terms and Conditions remain unchanged. 

Signed in
                                , on this
             day of                     , 20__ 

BLUE WATER REINSURANCE LTD. 

BY:                       
                                      

TITLE:                      
                                        

Signed in
                                , on this
             day of                     , 20__ 

HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                        

  
  

			
	ARP-HCI-02-RPP-202-14	  	Endorsement No. 1 – BLWTR
		
	DOC: June 9, 2015	  	

 

 
  

 SCHEDULE B 

MULTI-YEAR REINSTATEMENT PREMIUM PROTECTION REINSURANCE CONTRACT 

EFFECTIVE: JUNE 1, 2014 

issued to 
 HOMEOWNERS CHOICE
PROPERTY & CASUALTY INSURANCE COMPANY, INC. 
 TAMPA, FLORIDA 

 

									
	 Contract Year 2
	  	Excess
Layer 3	 	  	Excess
Layer 4	 
	 Reinsurer’s Per Occurrence Limit in Original Contract
	  	$	228,000,000	  	  	$	94,000,000	  
	 RPP Factor
	  	 	1.1000	  	  	 	1.1000	  
	 RPP Annual Deposit Premium
	  	$	 ****	  	  	$	****	  
	 RPP Annual Minimum Premium
	  	$	****	  	  	$	****	  
	 RPP Deposit Payment Schedule:
	  				  			
	 June 1, 2015
	  	$	****	  	  	$	****	  
	 January 1, 2016
	  	$	****	 * 	  	$	****	 * 

  

	*	plus applicable adjustment per Rate and Premium Article 

 THE FIGURES LISTED ABOVE ARE AT
100% FOR EACH EXCESS LAYER AND SHALL APPLY TO EACH 
 REINSURER IN THE PERCENTAGE SHARE FOR THAT EXCESS LAYER AS EXPRESSED IN ITS 

INTERESTS AND LIABILITIES AGREEMENT ATTACHED HERETO. 
  

  
  

			
	ARP-HCI-02-RPP-202-14	  	Endorsement No. 1 – BLWTR
		
	DOC: June 9, 2015Endorsement No 1 effective June 1, 2015 to Interests And Liabilities Agreement

 

 
  

 EXHIBIT 10.67 

  
  

			
	ARP-HCI-02-RPP-202-14	  	
		
	DOC: May 31, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

to the 
 INTERESTS AND
LIABILITIES AGREEMENT 
 attaching to, and forming part of, the 

MULTI-YEAR REINSTATEMENT PREMIUM PROTECTION REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

issued to 
 HOMEOWNERS CHOICE
PROPERTY & CASUALTY INSURANCE COMPANY, INC. 
 TAMPA, FLORIDA 

(hereinafter called the “Reinsured”) 

by 
 BLUE WATER REINSURANCE LTD.

 (hereinafter called, with other participants, the “Reinsurer”) 

Effective June 1, 2015, the Interests & Liabilities Agreement of the above Reinsurer shall be amended as follows: 

Under the terms of this Contract the above Reinsurer agrees to assume severally and not jointly with other participants 

 

					
	 Contract Year 1
	  	Participation	 
	 Excess Layer 3
	  	 	5.000	% 
	 Excess Layer 4
	  	 	12.500	% 
		
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	3.211	% 
	 Excess Layer 4
	  	 	8.713	% 

 of the liability in the layer(s) described in the attached Contract including the same corresponding proportional
participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above. 
 All
other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall remain unchanged. 

  
  

			
	ARP-HCI-02-RPP-202-14	  	I&L Endorsement No. 1 – BLWTR
		
	DOC: May 31, 2015	  	

 

 
  

 Signed in
                                , on this
             day of                     , 20__ 

BLUE WATER REINSURANCE LTD. 

BY:                       
                                      

TITLE:                      
                                        

Signed in
                                , on this
             day of                     , 20__ 

HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                        

  
  

			
	ARP-HCI-02-RPP-202-14	  	I&L Endorsement No. 1 – BLWTR
		
	DOC: May 31, 2015Endorsement No 1 effective June 1, 2015 to Reinstatement Premium Protection

 

 
  

 EXHIBIT 10.68 

**** indicates material that has been omitted pursuant to a request for confidential treatment. The omitted material has been filed separately with the U.S.
Securities and Exchange Commission. 

  
  

			
	ARP-HCI-02-RPP-203-15	  	
		
	DOC: June 4, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

to the 
 REINSTATEMENT PREMIUM
PROTECTION REINSURANCE CONTRACT 
 (hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2015 

issued to 
 HOMEOWNERS CHOICE
PROPERTY & CASUALTY INSURANCE COMPANY, INC. 
 TAMPA, FLORIDA 

(hereinafter called the “Reinsured”) 

by 
 AEOLUS RE LTD. 

in respect of its 

KEYSTONE SEGREGATED ACCOUNT 

KEYSTONE PF SEGREGATED ACCOUNT 

(hereinafter called, with other participants, the “Reinsurer”) 

Effective June 1, 2015, the Contract has been amended as follows: 

PARAGRAPH (1) OF ARTICLE 9 – COLLATERAL shall read as follows: 

As promptly as possible following the effective date of this Contract, the Reinsurer (as Grantor) shall enter into a Trust Agreement (the
“Trust Agreement”) with the Reinsured (as Beneficiary) and the trustee, pursuant to which the Reinsurer shall provide collateral in the form of eligible Assets deposited and held in a Trust Account, with such Assets having a market value
greater than or equal to $10,430,914.50 (the “Collateral”) less unpaid premium (net of brokerage and applicable Federal Excise Tax). It is understood that deposit premium paid in accordance with the Rate and Premium Article shall be
deposited into the Trust Account. 
 PARAGRAPH (5) OF ARTICLE 11 – CONFIDENTIALITY shall read as follows: 

With regard to any personally identifiable information of the insured under the Reinsured’s Policy to which the Reinsurer or its
representatives may have access, the Reinsurer shall agree to be bound by the insurance privacy laws of the state in which the Policy is issued and any applicable U.S. federal law and shall keep such information secure in accordance with U.S.
insurance industry standards or that of the Reinsurer’s country of domicile, whichever standards are higher. 

  
  

			
	ARP-HCI-02-RPP-203-15	  	Endorsement No. 1 – AEOLS
		
	DOC: June 4, 2015	  	

 

 
  

 ARTICLE 19 – LIMITED RECOURSE AND BERMUDA REGULATIONS shall read as follows: 

 

	 	1.	The Reinsured understands and accepts that Aeolus Re Ltd. is registered as a segregated account company under the Bermuda Segregated Accounts Companies Act 2000 and is entering into this Contract for and on behalf of
its Keystone Segregated Account (the “Keystone SAC”) and Keystone PF Segregated Account (the “Keystone PF SAC”, and together with the Keystone SAC, the “SAC Reinsurers”). 

 

	 	2.	For purposes of this Article, each of such segregated accounts is individually referred to as a “SAC Reinsurer” and, if applicable, collectively as the SAC Reinsurers. All corporate matters relating to the
creation of the SAC Reinsurers, including, but not limited to, the capacity of the SAC Reinsurers, the segregated nature of the SAC Reinsurers and Aeolus Re Ltd., and the operation and liquidation of the SAC Reinsurers, will be governed by, and
construed in accordance with, the laws of Bermuda. The Reinsured acknowledges that each SAC Reinsurer has written and/or will write other reinsurance or retrocession policies and that the assets and liabilities attributable to each such contract
shall be linked to the SAC Reinsurer writing such contract. Accordingly, each SAC Reinsurer (i.e., segregated account) will have assets and liabilities relating to a multiple of reinsurance contracts. The Reinsured has had the opportunity to take
advice and to obtain all such additional information that it considers necessary to evaluate the terms, conditions and risks of entering into this Contract with each SAC Reinsurer. 

 

	 	3.	Notwithstanding any other provision of this Contract to the contrary, the liability of each SAC Reinsurer for the performance and discharge of all of its obligations, however they may arise, in relation to this Contract
(together the “SAC Obligations”) will be limited to and payable solely from the assets linked to that SAC Reinsurer. Accordingly there will be no recourse to any other assets of Aeolus Re Ltd. (including, for the avoidance of doubt, any
assets linked to any other segregated account of Aeolus Re Ltd. or to its general account). In the event that the assets linked to a SAC Reinsurer are insufficient to meet all of its SAC Obligations, any SAC Obligations remaining after the
application of such assets linked to such SAC Reinsurer will be extinguished, and the Reinsured undertakes in such circumstances to take no further action against such SAC Reinsurer, Aeolus Re Ltd. or any other segregated accounts of Aeolus Re Ltd.
in respect of any such SAC Obligations. In particular, neither the Reinsured nor any party acting on its behalf will petition or take any steps for the winding up or receivership of a SAC Reinsurer, Aeolus Re Ltd., or any other segregated account of
Aeolus Re Ltd. 

 SCHEDULE A shall now read as attached. 

All other Terms and Conditions remain unchanged. 

  
  

			
	ARP-HCI-02-RPP-203-15	  	Endorsement No. 1 – AEOLS
		
	DOC: June 4, 2015	  	

 

 
  

 Signed in
                                , on this
                     day of
                    , 20     

AEOLUS REINSURANCE LTD. 

in respect of its 

KEYSTONE SEGREGATED ACCOUNT 

KEYSTONE PF SEGREGATED ACCOUNT 

BY:                       
                                         

TITLE:                      
                                       

Signed in
                                , on this
                     day of
                    , 20     

HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                         

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-RPP-203-15	  	Endorsement No. 1 – AEOLS
		
	DOC: June 4, 2015	  	

 

 
  

 SCHEDULE A 

REINSTATEMENT PREMIUM PROTECTION REINSURANCE CONTRACT 

EFFECTIVE: JUNE 1, 2015 

issued to 
 HOMEOWNERS CHOICE
PROPERTY & CASUALTY INSURANCE COMPANY, INC. 
 TAMPA, FLORIDA 

 

					
	 Contract Year 2
	  	Excess
Layer 3	 
	 Reinsurer’s Per Occurrence Limit in Original Contract
	  	$	228,000,000	  
	 RPP Factor
	  	 	1.1000	  
	 RPP Annual Deposit Premium
	  	 	19.263% of $****	  
	 RPP Annual Minimum Premium
	  	 	19.263% of $****	  
	 RPP Deposit Payment Schedule:
	  			
	 June 1, 2015
	  	 	19.263% of $****	  
	 January 1, 2016
	  	 	19.263% of $****	 * 

  

	*	plus applicable adjustment per Rate and Premium Article 

 The figures listed above shall apply to each
Reinsurer in the percentage share for that excess layer as expressed in its Interests and Liabilities Agreement attached hereto. 

  
  

			
	ARP-HCI-02-RPP-203-15	  	Endorsement No. 1 – AEOLS
		
	DOC: June 4, 2015

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