Document:

Exhibit 4.13

                        RESEARCH TRIANGLE COMMERCE, INC.
                              RESTRICTED STOCK PLAN

                         ARTICLE I - GENERAL PROVISIONS

1.1   The Plan is designed, for the benefit of the Employer, to attract and
      retain personnel of exceptional ability; to reward such personnel; to
      motivate such personnel through added incentives to make a maximum
      contribution to greater profitability; to develop and maintain a highly
      competent management team; and to be competitive with other companies with
      respect to equity compensation.

1.2   The Plan shall be effective August 10, 2000 (the "Effective Date").

                            ARTICLE II - DEFINITIONS

Except where the context otherwise indicates, the following definitions apply:

2.1   "Affiliate" means any entity in which the Company or the Employer owns
      more than fifty percent (50%) of the total outstanding equity securities
      or total voting power.

2.2   "Agreement" means the written agreement evidencing each Award granted to a
      Participant under the Plan.

2.3   "Award" means an award granted to a Participant of Restricted Stock.

2.4   "Board" means the Board of Directors of the Company.

2.5   "Code" means the Internal Revenue Code of 1986, as now in effect or as
      hereafter amended. All citations to sections of the Code are to such
      sections as they may from time to time be amended or renumbered.

2.6   "Company" means, prior to the Merger, the Employer, and on and after the
      Merger, Internet Commerce Corporation, a Delaware corporation, and their
      successors and assigns.

2.7   "Disability" means (i) with respect to a Participant who is eligible to
      participate in the program of long-term disability insurance maintained by
      the Company, the Employer or any Affiliate that retains the services of
      the Participant, if any, a condition with respect to which the Participant
      is entitled to commence benefits under such program , and (ii) with
      respect to any Participant (including a Participant who is eligible to
      participate in such a program of long-term disability insurance), a
      disability as determined under procedures established by the Sponsor or in
      any Award.

2.8   "Eligible  Participant"  means an employee of the Employer,  as shall be
      determined by the Sponsor.

2.9   "Employer"  means  Research  Triangle  Commerce,  Inc., a North Carolina
      corporation.

<PAGE>

2.10  "Exchange Act" means the Securities Exchange Act of 1934, as now in effect
      or as hereafter amended. All citations to sections of the Exchange Act or
      rules thereunder are to such sections or rules as they may from time to
      time be amended or renumbered.

2.11  "Merger" means the merger of the Employer with and into ICC  Acquisition
      Corporation, Inc., a North Carolina corporation.

2.12  "Participant" means an Eligible Participant to whom an Award has been
      granted and who has entered into an Agreement evidencing the Award.

2.13  "Plan" means the  Research  Triangle  Commerce,  Inc.  Restricted  Stock
      Plan, as amended from time to time.

2.14  "Public Offering" means any underwritten public offering by the Company or
      its shareholders of its equity securities pursuant to an effective
      registration statement filed under the Securities Act of 1933.

2.15 "Restricted Stock" means an Award of Stock under Article IV of the Plan.

2.16  "Restriction Period" means the period commencing on the date an Award of
      Restricted Stock is granted and ending on such date as the Sponsor shall
      determine.

2.17  "Sponsor" means Jeffrey W. LeRose, and his successors or assigns, who
      shall administer this Plan pursuant to Article III.

2.18  "Stock" means shares of Common Stock, no par value per share, of the
      Company, as may be adjusted pursuant to the provisions of Section 3.8.

2.19  "Termination of Employment" means, with respect to a Participant, the
      termination of the Participant's employment with the Employer, the Company
      or any Affiliate. A Termination of Employment shall not be deemed to have
      occurred if the Participant transfers employment among any of the
      Employer, the Company and the Affiliates (if any), so long as there is no
      interruption in the Participant's employment. The determination of whether
      a Participant has incurred a Termination of Employment shall be made by
      the Sponsor in his discretion. A Participant shall not be deemed to have
      incurred a Termination of Employment if the Participant is on military
      leave, sick leave, or other bona fide leave of absence approved by the
      Employer, the Company or the Affiliate which employs the Participant at
      the time such leave commences of 90 days or fewer (or any longer period
      during which the Participant is guaranteed reemployment by statute or
      contract.) In the event a Participant's leave of absence exceeds this
      period, he will be deemed to have incurred a Termination of Employment on
      the day following the expiration date of such period.

                          ARTICLE III - ADMINISTRATION

3.1   This Plan shall be administered generally by the Sponsor and, to a limited
      extent, by the Company as specified herein. The Sponsor and/or the
      Company, in their discretion, may delegate to one or more individuals such
      of their powers as they deem appropriate. The Sponsor and/or the Company
      also may limit the power of any delegatee to the extent

<PAGE>

      necessary to comply with rule 16b-3 under the Exchange Act, Code section
      162(m) or any other law or for any other purpose.

3.2   Except as expressly provided otherwise herein, the Sponsor shall have the
      exclusive right to interpret, construe and administer the Plan, to select
      the persons who are eligible to receive Awards, and to act in all matters
      pertaining to the granting of Awards and the contents of the Agreements
      evidencing the Awards, including without limitation, the determination of
      the number of shares of Stock subject to an Award and the form, terms,
      conditions and duration of an Award, and any amendment thereof consistent
      with the provisions of the Plan. All acts, determinations and decisions of
      the Sponsor or the Company made or taken pursuant to grants of authority
      under the Plan or with respect to any questions arising in connection with
      the administration and interpretation of the Plan, including the
      severability of any and all of the provisions thereof, shall be
      conclusive, final and binding upon all Participants, Eligible Participants
      and their estates and beneficiaries.

3.3   The Sponsor may adopt such rules, regulations and procedures of general
      application for the administration of this Plan, as he deems appropriate.

3.4   Subject to adjustment as provided in Section 3.8, the aggregate number of
      shares of Stock which are available for issuance pursuant to Awards
      granted under the Plan shall be Eight Hundred Twenty-Five Thousand
      (825,000) shares of Stock owned by the Sponsor. Such shares shall be
      shares of common stock of the Employer on the effective date of the Plan.
      Upon the "Effective Time" of the Merger (as defined in the Agreement and
      Plan of Merger dated June 14, 2000, among the Employer, Internet Commerce
      Corporation, and ICC Acquisition Corporation, Inc. (the "Merger
      Agreement")), such shares shall be converted into shares of common stock
      of Internet Commerce Corporation in the manner set forth in section
      2.12(b) of the Merger Agreement, all references herein to such shares
      shall thereafter be deemed references to such shares of common stock of
      Internet Commerce Corporation, and Internet Commerce Corporation shall
      assume all responsibilities of the Employer under this Plan. If, for any
      reason, any shares of Stock awarded or subject to purchase under the Plan
      are not delivered or purchased, or are reacquired by the Sponsor, for
      reasons including, but not limited to, a forfeiture of Restricted Stock,
      such shares of Stock shall not be charged against the aggregate number of
      shares of Stock available for issuance pursuant to Awards granted under
      the Plan and shall again be available for issuance pursuant to Awards
      granted under the Plan.

3.5   Each Award granted under the Plan shall be evidenced by a written
      Agreement. Each Agreement shall be subject to and incorporate, by
      reference or otherwise, the applicable terms and conditions of the Plan,
      and any other terms and conditions, not inconsistent with the Plan, as may
      be imposed by the Sponsor.

3.6   The Company shall not be required to issue or deliver any certificates for
      shares of Stock prior to:

       (a)  the  listing  of such  shares on any stock  exchange  or  national
            quotation system on which the Stock may then be listed; and

<PAGE>

       (b)  the completion of any registration or qualification of such shares
            of Stock under any federal or state law, or any ruling or regulation
            of any government body which the Company shall, in its discretion,
            determine to be necessary or advisable.

3.7   All certificates for shares of Stock delivered under the Plan shall also
      be subject to such stop-transfer orders and other restrictions as the
      Company may deem advisable under the rules, regulations, and other
      requirements of the Securities and Exchange Commission, any stock exchange
      or national quotation system upon which the Stock is then listed and any
      applicable federal or state laws, and the Company may cause a legend or
      legends to be placed on any such certificates to make appropriate
      reference to such restrictions. In making such determination, the Company
      may rely upon an opinion of counsel for the Company.

3.8   If any reorganization, recapitalization, reclassification, stock split,
      stock dividend, or consolidation of shares of Stock, merger or
      consolidation or separation, including a spin-off, of the Company or sale
      or other disposition by the Company of all or a portion of its assets, any
      other change in the Company's corporate structure, or any distribution to
      shareholders other than a cash dividend results in the outstanding shares
      of Stock, or any securities exchanged therefor or received in their place,
      being exchanged for a different number or class of shares of Stock or
      other securities of the Company, or for shares of Stock or other
      securities of any other corporation; or new, different or additional
      shares or other securities of the Company or of any other corporation
      being received by the holders of outstanding shares of Stock, then the
      Sponsor shall make equitable adjustments in:

       (a)  the  limitation  on the  aggregate  number of shares of Stock that
            may be awarded as set forth in Section 3.4 of the Plan;
       (b)  the number of shares and class of Stock that may be subject to an
            Award, and which have not been issued or transferred under an
            outstanding Award;

       (c)  the terms, conditions or restrictions of any Award and Agreement,
            including the price payable for the acquisition of Stock.

3.9   The Sponsor shall be indemnified by the Company against reasonable
      expenses, including attorney's fees, actually and necessarily incurred in
      connection with the defense of any action, suit or proceeding, or in
      connection with any appeal therein, to which he may be a party by reason
      of any action taken or failure to act under or in connection with the Plan
      or any Award granted thereunder, and against all amounts paid by him in
      settlement thereof, provided such settlement is approved by independent
      legal counsel selected by the Company, or paid by them in satisfaction of
      a judgment or settlement in any such action, suit or proceeding, except as
      to matters as to which the Sponsor has been negligent or engaged in
      misconduct in the performance of his duties; provided, that within 60 days
      after institution of any such action, suit or proceeding, the Sponsor
      shall in writing offer the Company the opportunity, at its own expense, to
      handle and defend the same.

<PAGE>

3.10  The Sponsor and/or the Company may require each person purchasing shares
      of Stock pursuant to an Award under the Plan to represent to and agree
      with the Sponsor and/or the Company in writing that he is acquiring the
      shares of Stock without a view to distribution thereof and/or that he has
      met such other requirements as the Sponsor and/or the Company determines
      may be applicable to such purchase. The certificates for such shares of
      Stock may include any legend which the Sponsor and/or the Company deems
      appropriate to reflect any restrictions on transfer.

3.11  The Sponsor shall be authorized to make adjustments in performance based
      criteria or in the other terms and conditions of Awards in recognition of
      unusual or nonrecurring events affecting the Company or its financial
      statements or changes in applicable laws, regulations or accounting
      principles. The Sponsor may correct any defect, supply any omission or
      reconcile any inconsistency in the Plan or any Agreement in the manner and
      to the extent he shall deem desirable to carry it into effect.

3.12  All outstanding Awards to any Participant may be canceled if:

      (a)   the  Participant,  without  the  consent  of  the  Sponsor,  while
            employed by the  Employer,  the Company or any  Affiliate or after
            termination of such employment,  becomes associated with, employed
            by,  renders  services to, or owns any interest in, other than any
            insubstantial   interest,   as  determined  by  the  Sponsor,  any
            business that is in competition with the Employer,  the Company or
            any  Affiliate  or with any  business in which the  Employer,  the
            Company or any Affiliate has a substantial  interest or that has a
            substantial   interest  in  the  Employer,   the  Company  or  any
            Affiliate, as determined by the Sponsor; or

      (b)   the  Participant  is  terminated  for cause as  determined  by the
            Sponsor.

3.13  In connection with any Public Offering, a Participant shall not sell, make
      any short sale of, loan, hypothecate, pledge, grant any option for the
      purchase of, or otherwise dispose or transfer for value or otherwise agree
      to engage in any of the foregoing transactions with respect to, any Stock
      acquired under the Plan without the prior written consent of the Company
      or its underwriters. Such restriction (the "Market Stand-Off") shall be in
      effect for such period of time from and after the effective date of the
      final prospectus for the Public Offering as may be requested by the
      Company or such underwriters. In no event, however, shall such period
      exceed the period for which securities owned by the Chief Executive
      Officer of the Company are subject to the same restrictions. Any new,
      substituted or additional securities that are by reason of any
      recapitalization or reorganization distributed with respect to Stock
      acquired under the Plan shall be immediately subject to the Market
      Stand-Off, to the same extent the Stock acquired under the Plan is at such
      time covered by such provisions. In order to enforce the Market Stand-Off,
      the Company may impose stop-transfer restrictions with respect to the
      Stock acquired under the Plan until the end of the applicable stand-off
      period.

<PAGE>

                          ARTICLE IV - RESTRICTED STOCK

4.1   Restricted Stock Awards may be made to Participants as rewards for past
      performance and/or as incentives for the performance of future services
      that will contribute materially to the successful operation of the
      Company.

4.2   With respect to Awards of Restricted Stock, the Sponsor shall:

       (a)  determine the purchase price, if any, to be paid for such Restricted
            Stock, which may be more than, equal to or less than par value and
            may be zero, subject to such minimum consideration as may be
            required by applicable law;

       (b)  determine the length of the Restriction Period;

       (c)  determine  the  restrictions  applicable to the  Restricted  Stock
            such as service or performance;

       (d)  determine if the restrictions shall lapse as to all shares of
            Restricted Stock at the end of the Restriction Period or as to a
            portion of the shares of Restricted Stock in installments during the
            Restriction Period; and

       (e)  determine if dividends and other distributions on the Restricted
            Stock are to be paid currently to the Participant or paid to the
            Sponsor or to the Company for the account of the Participant.

4.3   An Award of Restricted Stock must be accepted by the Participant, within
      such period as the Sponsor may specify, by executing a Restricted Stock
      Agreement and paying whatever price, if any, is required. The prospective
      recipient of a Restricted Stock Award shall not have any rights with
      respect to such Award unless and until such recipient has executed a
      Restricted Stock Agreement, has delivered a fully executed copy thereof to
      the Sponsor or the Company (as shall be determined by the Sponsor), and
      has otherwise complied with the applicable terms and conditions of such
      Award.

4.4   In the event of special circumstances of a Participant whose employment
      with the Employer, the Company or any Affiliate is involuntarily
      terminated, the Sponsor may in his discretion elect to waive in whole or
      in part any or all remaining restrictions with respect to any or all of
      the Participant's Restricted Stock, based on such factors and criteria as
      the Sponsor may deem appropriate.

4.5   Upon an Award of Restricted Stock to a Participant, the Company shall
      register one or more stock certificates representing the shares of
      Restricted Stock in the Participant's name. Such certificates shall be
      held in custody by the Company until the Restriction Period expires or
      until restrictions thereon otherwise lapse, and the Participant shall
      deliver to the Company one or more stock powers endorsed in blank relating
      to the Restricted Stock.

4.6   Except as provided in this Article IV or in the applicable Restricted
      Stock Agreement, a Participant receiving a Restricted Stock Award shall
      have, with respect to such Restricted Stock Award, all of the rights of a
      shareholder of the Company, including the right to

<PAGE>

      vote the shares to the extent, if any, such shares possess voting rights
      and the right to receive any dividends; provided, however, that the
      Sponsor may provide that dividends and other distributions on Restricted
      Stock shall be paid to the Sponsor or to the Company for the account of
      the Participant pending lapse of the Restriction Period with respect to
      such Restricted Stock.

4.7   If and when the Restriction Period expires without a prior forfeiture of
      the Restricted Stock subject to such Restriction Period, unrestricted
      certificates for such shares shall be delivered to the Participant;
      provided, however, that the Sponsor or the Company may cause such legend
      or legends to be placed on any such certificates as he or it may deem
      advisable under the rules, regulations and other requirements of the
      Securities and Exchange Commission and any applicable federal or state
      law.

                      ARTICLE V - AMENDMENT AND TERMINATION

5.1   The Sponsor, at any time and from time to time, may amend or terminate the
      Plan.

5.2   No amendment to or discontinuance of this Plan or any provision thereof by
      the Sponsor shall, without the written consent of the Participant,
      adversely affect, as shall be determined by the Sponsor, any Award
      previously granted to such Participant under this Plan.

5.3   Notwithstanding anything herein to the contrary, if the right to receive
      or benefit from any Award, either alone or together with payments that a
      Participant has the right to receive from the Employer, the Company or any
      Affiliate, would constitute a "parachute payment" under Code section 280G,
      all such payments may be reduced, in the discretion of the Sponsor, to the
      largest amount that will avoid an excise tax to the Participant under Code
      section 4999.

                      ARTICLE VI - MISCELLANEOUS PROVISIONS

6.1   Nothing in the Plan or any Award granted under the Plan shall confer upon
      any Participant any right to continue in the employ of the Employer, the
      Company or any Affiliate, or interfere in any way with the right of the
      Employer, the Company or any Affiliate to terminate his or her employment
      or relationship at any time. Unless otherwise agreed to by the Board, no
      Award granted under the Plan shall be deemed salary or compensation for
      the purpose of computing benefits under any employee benefit plan or other
      arrangement of the Employer, the Company or any Affiliate for the benefit
      of its employees unless the Employer, the Company or such Affiliate shall
      determine otherwise. No Participant shall have any claim to an Award until
      it is actually granted under the Plan. To the extent that any person
      acquires a right to receive payments under the Plan, such right shall be
      no greater than the right of an unsecured general creditor of the Sponsor
      or the Company.

6.2   The Employer, the Company and/or any Affiliate may make such provisions
      and take such steps as it may deem necessary or appropriate for the
      withholding of any taxes which the Employer, the Company or Affiliate is
      required by any law or regulation of any governmental authority, whether
      federal, state or local, domestic or foreign, to withhold in connection
      with any Award or the exercise thereof, including, but not limited to,

<PAGE>

      withholding the payment of all or any portion of such Award or another
      Award under this Plan until the Participant reimburses the Employer, the
      Company or Affiliate for the amount such entity is required to withhold
      with respect to such taxes, or canceling any portion of such Award or
      another Award under this Plan in an amount sufficient to reimburse itself
      for the amount it is required to so withhold, or selling any property
      contingently credited by the Employer, the Company or Affiliate for the
      purpose of paying such Award or another Award under this Plan, in order to
      withhold or reimburse itself for the amount it is required to so withhold.
      The amount withheld shall not exceed the statutory minimum federal and
      state income and employment tax liability arising from the exercise
      transaction.

6.3   The Plan and the grant of Awards shall be subject to all applicable
      federal and state laws, rules, and regulations and to such approvals by
      any United States government or regulatory agency as may be required.

6.4   The terms of the Plan shall be binding upon the Sponsor, the Employer, the
      Company, and their successors and assigns.

6.5   Each Participant agrees to give the Company prompt written notice of any
      election made by such Participant under Code section 83(b) or any similar
      provision thereof.

6.6   If any provision of this Plan or an Agreement is or becomes or is deemed
      invalid, illegal or unenforceable in any jurisdiction, or would disqualify
      the Plan or any Agreement under any law deemed applicable by the Sponsor,
      such provision shall be construed or deemed amended to conform to
      applicable laws or if it cannot be construed or deemed amended without, in
      the determination of the Sponsor, materially altering the intent of the
      Plan or the Agreement, it shall be stricken and the remainder of the Plan
      or the Agreement shall remain in full force and effect.

      IN WITNESS WHEREOF, this document is executed effective as of the date
specified above.

                                    SPONSOR:

                                    ____________________________(SEAL)
                                    Jeffrey W. LeRose

                                    RESEARCH TRIANGLE COMMERCE, INC.
ATTEST:

___________________________         By:________________________________
Assistant Secretary

(Corporate Seal)EXHIBIT 10 (A)

                      QUOTA SHARE RETROCESSION AGREEMENT
                          Effective:  July 1, 2000

                         entered into by and between

                 AMERICAN HALLMARK INSURANCE COMPANY OF TEXAS
                                Dallas, Texas

                                     and

                         DORINCO REINSURANCE COMPANY
                              Midland, Michigan

                       JOHN B. COLLINS ASSOCIATES, INC.

                           8300 Norman Center Drive

                         Minneapolis, Minnesota 55437

<PAGE>

                                   CONTENTS

 ARTICLE                                                          PAGE

       1        BUSINESS REINSURED                                  1

       2        COVER                                               1

       3        COMMENCEMENT AND TERMINATION                        2

       4        TERRITORY                                           3

       5        WARRANTY                                            3

       6        EXCLUSIONS                                          4

       7        ACCOUNTS AND REMITTANCES                            5

       8        CEDING COMMISSION                                   6

       9        COMMISSION ADJUSTMENT                               6

      10        DEFINITIONS                                         8

      11        ORIGINAL CONDITIONS                                 9

      12        CURRENCY                                            9

      13        LOSS AND UNEARNED PRMEIUM RESERVE FUNDING           9

      14        TAXES                                               9

      15        LOSS AND LOSS EXPENSE                              10

      16        EXTRA CONTRACTUAL OBLIGATIONS AND EXCESS
                  OF POLICY LIMITS                                 11

      17        ASSESSMENTS AND ASSIGNMENTS                        12

      18        DELAY, OMISSION OR ERROR                           12

      19        INSPECTION                                         12

      20        ARBITRATION                                        12

      21        SERVICE OF SUIT                                    13

      22        INSOLVENCY                                         13

      23        ENTIRE AGREEMENT                                   13

      24        INTERMEDIARY                                       13

<PAGE>

                      QUOTA SHARE RETROCESSION AGREEMENT

 This Agreement is  made and entered  into by and  between AMERICAN  HALLMARK
 INSURANCE COMPANY OF TEXAS, Dallas, Texas (hereinafter called the "Company")
 and DORINCO REINSURANCE COMPANY,  Midland, Michigan (hereinafter called  the
 "Reinsurer").

                                  ARTICLE 1

 BUSINESS REINSURED

 This Agreement is to share with the Reinsurer the interests and  liabilities
 of the  Company under  all Policies  classified by  the Company  as  Private
 Passenger Automobile Business (including Motorist Bodily Injury and Property
 Damage, Physical Damage, Uninsured/ Underinsured Motorist Bodily Injury  and
 Property Damage and  Personal Injury Protection)  written or  renewed by  or
 through American Hallmark  General Agency, Inc.,  Dallas, Texas  for and  on
 behalf of  State  and County  Mutual  Insurance Company,  Ft.  Worth,  Texas
 (hereinafter called the  "Issuing Carrier") and  assumed by  the Company  as
 reinsurance from the  Issuing Carrier, during  the term  of this  Agreement,
 subject to the terms and conditions herein contained.

 It is understood that the business reinsured under this Agreement is  deemed
 to include  coverages  extended for  non-resident  drivers under  the  Motor
 Vehicle  Financial  Responsibility  Law  or  the  Motor  Vehicle  Compulsory
 Insurance Law, or any  similar law of any  state or province, following  the
 provisions of the Issuing Carrier's Policies when they include or are deemed
 to include so called "out of state insurance" provisions.

                                  ARTICLE 2

 COVER

 At inception,  the Company  will  cede, and  the  Reinsurer will  accept  as
 reinsurance, a 65% share of all business reinsured hereunder.

 At the  end of  each Underwriting  Period (as  defined in  Article 10),  the
 Company may request that the quota  share percentage applicable to  Policies
 attaching during that Period be adjusted back to the beginning of the Period
 to a minimum of 55% or a maximum of 70%.  Any such request shall be made  as
 soon as practicable after  the end of the  Underwriting Period and be  based
 solely on the Company's desire to  achieve a certain net written premium  to
 policyholders surplus ratio, not  its loss ratio.   Any and all  retroactive
 quota share percentage adjustments  must be agreed  by the Reinsurer,  which
 agreement will  not  be unreasonably  withheld.   The  Reinsurer  agrees  to
 communicate to  the Company  its acceptance  or rejection  of the  Company's
 request within  two  working  days  after  receipt.    In  the  event  of  a
 retroactive adjustment, the additional or return premium, ceding  commission
 and paid losses shall be reflected in the Company's next monthly report.

 In  no  event  shall  the  net  written  premium  ceded  hereunder  for  any
 Underwriting Year exceed $24,000,000.
<PAGE>

                                  ARTICLE 3

 COMMENCEMENT AND TERMINATION

 This Agreement shall become effective at 12:01 a.m., Central Standard  Time,
 July 1,  2000, with  respect to  losses under  policies written  or  renewed
 (i.e., attaching) on or after that time  and date, and shall remain in  full
 force and effect until terminated as provided in the following paragraph.

 Either the Company or the Reinsurer  shall have the right to terminate  this
 Agreement as of 12:01 a.m., Central Standard Time, any January 1 or July  1,
 by giving 90 days' prior notice in writing.

 In the event of termination of  this Agreement, the Reinsurer will  continue
 to cover all Policies coming within  the scope of this Agreement,  including
 those written or  renewed during  the period  of notice,  until the  natural
 expiration or anniversary of such Policies,  whichever occurs first, but  in
 no event longer than 12 months from the date of termin-ation.

 However, in the event that any Policy is required by law or regulation to be
 continued in  force,  the Reinsurer  will  continue to  remain  liable  with
 respect to each such  Policy until the Issuing  Carrier may legally  cancel,
 non-renew  or  otherwise eliminate liability under  such Policy or Policies.
 This provision will  include but is  not limited to  Policies which must  be
 issued or  renewed because  a producing  agent, broker  or managing  general
 agent cannot  be  canceled  or  has not  been  timely  canceled,  until  the
 expiration date of such Policies.

 Upon termination, the  Company, at its  option, may elect  to terminate  the
 Reinsurer's liability for all losses occurring subsequent to termination, in
 which case  the Reinsurer  will return  to the  Company the  ceded  unearned
 premium reserve as  of the  time and  date of  termination (less  previously
 allowed ceding commission).

                                  ARTICLE 4

 TERRITORY

 This Agreement will cover wherever the Issuing Carrier's Policies cover.
<PAGE>

                                  ARTICLE 5

 WARRANTY

 It is  warranted for  purposes of  this Agreement  that the  maximum  Policy
 limits for  which American  Hallmark General  Agency,  Inc. shall  have  the
 authorization to bind the Issuing Carrier for business ceded hereunder shall
 be as follows or so deemed:

 A.   Bodily Injury, per person/per accident       $20,020/$40,020

 B.   Property Damage, per accident                $15,020

 C.   Physical Damage                              Actual Cash Value (ACV)
                                                   not to exceed $40,020 per
                                                   vehicle

 D.   Personal Injury Protection, per
      person/per accident                          $2,520

      Uninsured/Underinsured Motorist Bodily
      Injury, per person/per accident              $20,020/$40,020

      Uninsured/Underinsured Motorist Property
      Damage, per accident                         $15,020

 In the event of  a statutory increase in  limits by the  State of Texas,  or
 travel by an  insured to a  state with greater  statutory requirements,  the
 maximum Policy limits shall be increased to statutory limits in effect.

                                  ARTICLE 6

 EXCLUSIONS

 This Agreement does not cover:

 All business not specifically described in the BUSINESS REINSURED ARTICLE of
 this Agreement.

 Garagekeepers legal liability.

 Vendors single interest.

 Vehicles principally used as ambulances, fire and police units.

 Commercial vehicles rated as such, and all automobile fleets.

 Mobile homes.

 Automobile dealers.

 War risks as excluded in the attached North American War Exclusion Clause
 (Reinsurance) No. 08-45.

 Business excluded by the attached Nuclear Incident Exclusion Clauses B
 Liability B Reinsurance B U.S.A., No. 08-31.1 and Canada, No. 08-32.1.
<PAGE>

 Business excluded by the attached Nuclear Incident Exclusion Clauses B
 Physical Damage B Reinsurance B U.S.A., No. 08-33 and Canada,
 No. 08-34.2.

 Assumed reinsurance, except for reinsurance assumed by the Company from
 State and County Mutual Insurance Company.

 Vehicles used in racing or speed events.

 Taxis, limos, buses and livery.

 Pools, Associations and Syndicates, except losses from Assigned Risk Plans
 or similar styled plans/pools are not excluded.

 Loss  or  damage  or costs or expenses arising from seepage and/or pollution
 and/or  contamination,  other  than   contamination   from   smoke   damage.
 Nevertheless,  this  exclusion  does  not  preclude  any payment of the cost
 of the removal of debris of property damaged  by  a loss  otherwise  covered
 hereunder, but subject always to a limit of 25% of  the  Company's  Property
 Business loss under the original Policy.

 Should the Issuing Carrier be assigned  a risk under an Assigned Risk  Plan,
 or similar  mandatory plan,  which is  otherwise excluded  by the  foregoing
 exclusions list,  the  Reinsurer  will waive  such  exclusions  (other  than
 exclusions H., I. and J.) in respect of such assigned risks.

 Errors and omissions notwithstanding, if without the knowledge and  contrary
 to the instructions  of its supervisory  personnel, the  Issuing Carrier  is
 bound on a risk specifically excluded  hereunder, other than exclusions  H.,
 I., and  J.,  or by  an  existing  insured extending  its  operations,  such
 reinsurance as would have  been afforded but for  the exclusion shall  apply
 for a period of 30 days following receipt by said underwriting personnel  of
 knowledge thereof.

                                  ARTICLE 7

 ACCOUNTS AND REMITTANCES

 Within 60 days following the end of each month, the Company will render a
      net account  to  the  Reinsurer  for  the  current  Underwriting  Year,
      segregated by  Underwriting Period.   Prior  Underwriting Years  having
      activity during the month will be accounted for separately in a similar
      manner.  Such account will contain the following:

      Ceded net written premium (i.e., ceded gross written premium, including
           the Reinsurer's share of 100% of the Policy fees, less returns and
           cancellations), under  Policies  attaching  to  each  Underwriting
           Period; less

      1.   The ceding commission as provided for in this Agreement; less

      2.   Loss and loss expense paid under Policies attaching to each
           Underwriting Period; plus

      3.   Subrogation, salvage, or other recoveries attributable to Policies
           attaching to each Underwriting Period.
<PAGE>

      Within 60 days following the end of the month the debtor party will
      remit to the creditor party any balance due.

      This account will also bear a notation advising of the following
      information, separately for each Underwriting Period:

      Outstanding loss and loss expense reserve at the end of the month;

      The unearned premium reserve at the end of the month;

      Should loss attributable to an ISO catastrophe(s) be involved, the  ISO
           number(s) and the paid loss and  loss expense and the  outstanding
           loss and loss expenses applicable.

 Within 60 days following  the end of each  calendar year, the Company  shall
      furnish to the Reinsurer any other information reasonably available  to
      the Company which the Reinsurer may  require for its Annual  Convention
      Statement.

                                  ARTICLE 8

 CEDING COMMISSION

 The Reinsurer  will allow  the Company  a provisional  ceding commission  of
 41.0% of the ceded net written premium.  Return commission shall be  allowed
 on return premiums at the same rate.

                                  ARTICLE 9

 COMMISSION ADJUSTMENT
 A.   1.   The final  ceding  commission  shall be  determined  by  the  loss
           experience under  this Agreement  for each  Underwriting Year  (as
           defined in Article 10). There shall be provisional adjustments and
           a final adjustment for each  Underwriting Year, all in  accordance
           with the other paragraphs of this Article.

           Within 60  days  after  24  months  from  the  beginning  of  each
           Underwriting Year, the Company  will calculate an adjusted  ceding
           commission  for  the  Underwriting  Year  then  expired  based  on
           premiums earned and losses incurred.   The ceding commission  paid
           to that date,  whether provisional or  prior adjustment, shall  be
           adjusted between the parties as appropriate.   At the end of  each
           Underwriting Year, adjustments will  continue to be made  annually
           until all  losses have  been paid  or closed,  at which  time  the
           ceding commission will become final.

           Premium earned for the period shall mean all net written premium
           ceded to this Agreement for Policies attaching to the Underwriting
           Year, less the ceded unearned premium reserve as of the date of
           calculation.

      4.   Losses incurred  for  the period  shall  mean the  loss  and  loss
           expense paid  by  the  Reinsurer  (less  salvages  and  recoveries
           received) under Policies attaching to the Underwriting Year,  plus
           the ceded loss  and loss expense  reserves outstanding  as of  the
           date of calculation.
<PAGE>

 B.   1.   Should the ratio of losses incurred to premium earned be 64.5%  or
      higher, then the adjusted ceding commission shall be 31.0%.

      2.   Should the ratio of losses incurred to premium earned be less than
      64.5%, then the adjusted commission shall  be determined by adding  one
      percentage point to  the ceding  commission for  each percentage  point
      reduction loss ratio subject to a ceding commission of 41.0% at a  loss
      ratio of 54.5% or less.

      3.   Should the ratio of losses incurred  to premium earned be  greater
      than 64.5% or less than 54.5%,  the difference between the actual  loss
      ratio and 64.5% or 54.5%, as the case may be, will be multiplied by the
      earned premium for the Underwriting Year and carried forward as a debit
      or credit  to the  ensuing Underwriting  Year calculation.    Following
      termination  of  this  Agreement  any  debit  or  credit   carryforward
      remaining after  the final  adjustment of  the concluding  Underwriting
      Year will be null and void.

 C.   1.  Upon termination, any period of less than 12 months from  inception
          shall be considered  as an Underwriting Year  for purposes of  this
          Article; any period  of less than 12  months from anniversary  will
          be considered as part of the preceding Underwriting Year.

      2.   Should this Agreement be terminated on a runoff basis wherein  the
           Reinsurer is  liable  for  losses  occurring  after  the  date  of
           termination, then such runoff period  shall be considered as  part
           of the last Underwriting Year.

      Should the  Reinsurer's participation  in  this Agreement  increase  or
      decrease  within  an Underwriting Year,  the incremental  participation
      percentage increase or decrease shall be  treated as a separate new  or
      terminated participation,  respectively,  for purposes  of  calculating
      amounts due hereunder.

                                  ARTICLE 10

 DEFINITIONS

 A.   The term "Policy"  as used  in this  Agreement shall  mean any  binder,
      policy, or contract  of insurance  or reinsurance  issued, accepted  or
      held  covered  provisionally  or  otherwise,  by  or  through  American
      Hallmark General Agency, Inc., Dallas, Texas  for and on behalf of  the
      Issuing Carrier.

 B.   The term "Underwriting Year" as used in this Agreement shall be defined
      as follows:

      1.   The first Underwriting Year shall be the period from July 1, 2000
           through June 30, 2001;

      2.   Each subsequent 12-month period commencing on July 1 shall be
           considered a separate Underwriting Year.
<PAGE>

      Those Policies with  an inception, renewal  or anniversary date  during
      the Underwriting  Periods within  a given  Underwriting Year  shall  be
      considered  "attached"  to  that   Underwriting  Year.    All   premium
      attributable to,  and  all loss  arising  out of  such  Policies  until
      expiration, cancellation, or next anniversary, whichever occurs  first,
      will be ascribed to that Underwriting Year.

      The term "Underwriting Period" as used in this Agreement shall be
           defined as follows:

      The first Underwriting Period shall be the period from July 1, 2000
           through September 30, 2000;

      Each subsequent 3-month period shall be considered a separate
           Underwriting Period.

      Those Policies with an inception, renewal or anniversary date during  a
      given Underwriting  Period  shall  be  considered  "attached"  to  that
      Underwriting Period.

      All premium attributable to, and all loss arising out of such  Policies
      until expiration, cancellation, or  next anniversary, whichever  occurs
      first, will be ascribed to that Underwriting Period.

                                    ARTICLE 11

 ORIGINAL CONDITIONS

 All insurances falling  under this Agreement  shall be subject  to the  same
 terms, rates,  conditions  and  waivers,  and  to  the  same  modifications,
 alterations and  cancellations as  the respective  Policies of  the  Issuing
 Carrier (except  that in  the event  of the  insolvency of  the Company  the
 provisions of the INSOLVENCY ARTICLE of this Agreement shall apply) and  the
 Reinsurer shall be credited with its exact proportion of the original  gross
 premium (including Policy fees) received by the Company.

                                  ARTICLE 12

 CURRENCY

 The currency to be used for all purposes of this Agreement shall be United
 States of America currency.

                                  ARTICLE 13

 LOSS AND UNEARNED PREMIUM RESERVE FUNDING

 With respect  to loss  and unearned  premium reserves,  funding will  be  in
 accordance with the attached Loss Funding Clause No. 13-04.
<PAGE>

                                  ARTICLE 14

 TAXES

 The Company will be liable for taxes (except Federal Excise Tax) on premiums
 reported to the  Reinsurer hereunder.   Federal Excise Tax  applies only  to
 those Reinsurers,  excepting  Underwriters  at  Lloyd's,  London  and  other
 Reinsurers exempt from the Federal Excise Tax, who are domiciled outside the
 United States of America.

 The Reinsurer has  agreed to  allow for the  purpose of  paying the  Federal
 Excise Tax 1% of the  premium payable hereon to  the extent such premium  is
 subject to Federal Excise Tax.

 In the event of any return of premium becoming due hereunder, the  Reinsurer
 will deduct 1% from the amount of the  return, and the Company or its  agent
 should take steps to recover the Tax from the U.S. Government.

                                  ARTICLE 15

 LOSS AND LOSS EXPENSE

 Any loss  settlement  made  by the  Company,  whether  under  strict  Policy
 conditions or by way  of compromise, shall  be unconditionally binding  upon
 the Reinsurer in proportion  to its participation,  and the Reinsurer  shall
 benefit proportionally in all salvages and recoveries.

 The Reinsurer shall bear its proportionate share of all expenses incurred by
 the Company in the  investigation, adjustment, appraisal  or defense of  all
 claims  under  Policies  reinsured  hereunder  (excluding,  however,  office
 expenses and salaries  of officials of  the Company) and  shall receive  its
 proportionate share of any recoveries of such expenses.

 The Company will advise the Reinsurer by separate report, regardless of  any
 question on liability or coverage, of any claim involving the following:

 Fatalities.

 Bodily injuries involving:

      Brain stem, quadriplegia, paraplegia or severe paralysis,
      Serious burns,
      Amputations of major limbs,
      Serious impairment of vision.

 Potential coverage disputes or bad faith situations which may give rise to a
      payment for Excess of Policy Limits or Extra Contractual Obligations.

 Any claims that do not fall within these categories, but have a potential of
      significant liability to the Reinsurer.
<PAGE>

                                  ARTICLE 16

 EXTRA CONTRACTUAL OBLIGATIONS AND EXCESS OF POLICY LIMITS

 This Agreement shall protect the Company, where the loss includes any  Extra
 Contractual Obligations  for  100%  of  such Extra  Contractual Obligations.
 "Extra Contractual Obligations" are defined as those liabilities not covered
 under any other provision of this Agreement and which arise from handling of
 any claim on  business covered hereunder,  such liabilities arising  because
 of, but not limited to,  the following:  failure  by the Issuing Carrier  or
 Company to settle within the Policy limit, or by reason of alleged or actual
 negligence, fraud or bad faith in rejecting an offer of settlement or in the
 preparation of the defense or in the trial of any action against its insured
 or in  the preparation  or prosecution  of an  appeal consequent  upon  such
 action.

 The date  on which  any  Extra Contractual  Obligation  is incurred  by  the
 Company shall  be  deemed, in  all  circumstances, to  be  the date  of  the
 original loss.

 In the event a loss  includes an amount in  excess of the Issuing  Carrier's
 Policy limit, 100% of such amount in excess of the Issuing Carrier's  Policy
 limit shall be added  to the amount of  the Issuing Carrier's Policy  limit,
 and the sum thereof shall be covered.

 For the purpose  of this  Article, the word  "loss" shall  mean any  amounts
 which the Issuing Carrier would have been contractually liable to pay had it
 not been for the limit of the original Policy.

 Notwithstanding the above, as respects any loss which includes either  Extra
 Contractual Obligations or Excess of Policy Limits or both, the  Reinsurer's
 limit of liability for Extra Contractual Obligations and/or Excess of Policy
 Limits shall be limited to $2,000,000 each loss in addition to the indemnity
 loss.

 However, this Article shall not apply  where the loss has been incurred  due
 to the fraud of a member of the Board of Directors or a corporate officer of
 the Issuing Carrier  or Company acting  individually or  collectively or  in
 collusion with any individual  or corporation of  any other organization  or
 party involved  in the  presentation, defense  or  settlement of  any  claim
 covered hereunder.

                                  ARTICLE 17

 ASSESSMENTS AND ASSIGNMENTS

 The Reinsurer  hereby assumes  liability for  any  and all  assessments  and
 assignments imposed as  a result  of Policies  reinsured hereunder  (whether
 before or  after the  termination of  this Agreement)  levied or  made by  a
 guaranty fund, insolvency fund, plan, pool, association or other arrangement
 created by  statute  or  regulation including,  but  not  limited  to,  fees
 associated with the Auto Theft Prevention  Pool.  The Company shall  account
 to the Reinsurer for any recovery of such assessments, or any credit allowed
 to and realized by the Company from  the Issuing Carrier, and return to  the
 Reinsurer its share of any recovery or credit.
<PAGE>

                                  ARTICLE 18

 DELAY, OMISSION OR ERROR

 Any inadvertent delay, omission or error shall be not held to relieve either
 party hereto from any liability which  would attach to it hereunder if  such
 delay, omission or error had not  been made, providing such delay,  omission
 or error is rectified upon discovery.

                                  ARTICLE 19

 INSPECTION

 The Company shall place at the  disposal of the Reinsurer at all  reasonable
 times, and  the Reinsurer  shall  have the  right  to inspect,  through  its
 authorized representatives, all books, records and papers of the Company  in
 connection with any reinsurance hereunder or claims in connection herewith.

                                  ARTICLE 20

 ARBITRATION

 Any irreconcilable dispute  between the parties  to this  Agreement will  be
 arbitrated in  Dallas, Texas  in accordance  with the  attached  Arbitration
 Clause No. 22-01.1.

                                  ARTICLE 21

 SERVICE OF SUIT

 The attached Service of Suit Clause No. 20-01.5 B U.S.A. will apply to this
 Agreement.

                                  ARTICLE 22

 INSOLVENCY

 In the event of the insolvency of the Company, the attached Insolvency
 Clause No. 21-01 B 1/1/86 will apply.

                                  ARTICLE 23

 ENTIRE AGREEMENT

 This Agreement sets  forth all  of the  duties and  obligations between  the
 Company  and   the  Reinsurer   and  supersedes   any  and   all  prior   or
 contemporaneous or written agreements with respect to matters referred to in
 this Agreement.   The  Agreement may  not be  modified, amended  or  changed
 except by an agreement in writing signed by both parties.
<PAGE>

                                  ARTICLE 24

 INTERMEDIARY

 John B. Collins Associates,  Inc. is hereby  recognized as the  intermediary
 negotiating this Agreement.  All  communications (including but not  limited
 to notices,  statements,  premiums,  return  premiums,  commissions,  taxes,
 losses, loss expenses, salvage and  loss settlements) relating hereto  shall
 be transmitted to  the Company  and the  Reinsurer through  John B.  Collins
 Associates, Inc., 8300 Norman Center Drive, Minneapolis, Minnesota 55437.

 Payments by the Company to John B. Collins Associates, Inc. shall be  deemed
 to constitute payment to the Reinsurer.   Payments by the Reinsurer to  John
 B. Collins Associates, Inc.  shall be deemed only  to constitute payment  to
 the Company to the  extent that such payments  are actually received by  the
 Company.

 IN WITNESS  WHEREOF the  parties hereto  have caused  this Agreement  to  be
 executed by their duly authorized representatives at:

 Dallas, Texas, this ___________ day of ______________________________, 2000.

                _______________________________________________________
                AMERICAN HALLMARK INSURANCE COMPANY OF TEXAS

 Midland, Michigan, this __________ day of ___________________________, 2000.

                _______________________________________________________
                DORINCO REINSURANCE COMPANY

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