Document:

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                                                                   EXHIBIT 10.54

                                    AGREEMENT

     THIS AGREEMENT (the "Agreement") is entered into this 24th day of October,
2001, by THE MIIX GROUP, INCORPORATED (the "MIIX Group") and NEW JERSEY STATE
MEDICAL UNDERWRITERS, INC. (the "Underwriter"), in each case, including their
respective subsidiaries, affiliates, officers, directors, agents, employees,
successors and assigns (hereinafter referred to, collectively, as the
"Company"), and THOMAS M. REDMAN, including his successors, assigns and estate
(hereinafter referred to, collectively, as the "Executive"). The Company and the
Executive are hereinafter referred to, collectively, as the "Parties."

                              W I T N E S S E T H :

     WHEREAS, the Parties have entered into an Employment Agreement, dated as of
December 15, 1999 (the "Employment Agreement"), pursuant to which the Company
has employed the Executive; and

     WHEREAS, the Company and the Executive have mutually agreed to the
termination of the employment of the Executive under the Employment Agreement as
of the Termination Date without cause; and

     WHEREAS, the Executive has been and is entitled to certain payments,
benefits and distributions under the Employment Agreement as well as certain
other agreements and plans (as hereinafter defined) to which the Parties are
party and which the Parties hereby wish to clarify and set forth; and

     WHEREAS, the Company has agreed to pay an incentive bonus to the Executive
in consideration of his continued employment with the Company through the
Termination Date and the other promises and covenants of the Executive as set
forth in this Agreement;

NOW, THEREFORE, in consideration of the mutual promises and covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Parties hereby agree as follows:

     1.     TERMINATION OF EMPLOYMENT: Pursuant to Section 3.4 of the Employment
Agreement, the Executive's salaried employment with the Company together with
all accompanying benefits of employment shall be deemed terminated, without
cause, on March 31, 2002 or on the date that the Company's year 2001 audited
financial statements are completed (which is expected to be on or about March
31, 2002), whichever is later (the

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"Termination Date"). The Executive shall perform no further services for and
shall have no authority to act on behalf of the Company after the Termination
Date.

     The Parties acknowledge and agree that the Executive is entitled to various
benefits upon termination of employment under the various benefit plans
established by the Company as well as under certain agreements to which the
Executive and the Company are a party which are identified on SCHEDULE 1 annexed
hereto and made a part hereof. The Parties hereby restate those benefits
together with any modifications thereto which the Parties have mutually agreed
upon as expressly provided for in this Agreement.

     It is agreed that the Executive shall not be considered an employee of the
Company after the Termination Date; accordingly, any and all benefits of
employment which are not expressly provided for herein shall not accrue to the
Executive after the Termination Date.

     2.     PAYMENTS TO THE EXECUTIVE: Subject to the Executive's acceptance of
and compliance with all of the terms and conditions set forth in this Agreement,
the Company shall pay to the Executive the following payments:

     (i)    Base Salary from October 17, 2001, payable by the Company in
accordance with its normal payroll practices in biweekly installments, less
applicable deductions, including without limitation, federal and state
withholdings. The biweekly installment to be paid is based on an annual salary
of $ 292,500.

     (ii)   in lieu and in place of year end 2001 bonus and bonus through the
Termination Date under either the Company's Bonus Incentive Plan or Long Term
Incentive Equity Plan, an incentive bonus in the amount of $675,000 payable as
follows:

                  (a)    $375,000 to be paid to the Executive as soon as
      practicable after the Termination Date, less applicable deductions,
      including, without limitation, federal and state withholding, of which 25%
      (I.E., $93,750) shall be deposited by the Company in an escrow account
      maintained by Saiber Schlesinger Satz & Goldstein, LLC (the "Escrow
      Account") as soon as practicable after the execution of this Agreement and
      an additional 25% shall be deposited by the company in the Escrow Account
      on or about January 2, 2002; and

                  (b)    $300,000 to be paid to the Executive in 26 equal
      biweekly installments in accordance with the Company's normal payroll
      practices commencing with the Company's normal payroll period following
      the Termination Date, less applicable deductions, including, without
      limitation, federal and state withholding.

     (iii)  the amount of $46,752, representing accrued but unused vacation and
personal time to which the Executive is entitled less any vacation and personal
time submitted to payroll after August 31, 2001, payable by the Company as soon
as practicable after the

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Termination Date, less applicable deductions, including, without limitation,
federal and state withholding.

     3.     BENEFITS: In addition to the foregoing payments to be made by the
Company to the Executive, the Executive shall be entitled to the following:

     (i)    continuation of insurance coverage for the Executive and his
dependents, to the extent applicable, under the Company's standard health and
life plans and programs as now or as may be in effect until the Termination
Date;

     (ii)   the balance of the Executive's Deferred Compensation Account under
the Company's Deferred Compensation Plan, payable by the Company as soon as
practicable after the Termination Date, less applicable deductions, including,
without limitation, federal and state withholding;

     (iii)  the amounts representing the value of the Executive's vested
benefits under the Company's Pension Plan, which shall be paid out in accordance
with such Plan;

     (iv)   the amounts representing the value of the Executive's vested
benefits under the Company's 401k Plan, which shall be paid out in accordance
with such Plan and the direction of the Executive.

     4.     STOCK PURCHASE AND LOAN AGREEMENTS: The Stock Purchase and Loan
Agreements, dated July 29, 1999 and December 15, 1999 (the "Stock Purchase
Agreements"), between the Company and the Executive are hereby amended as
follows:

     (i)    Section 1.9 of the Stock Purchase Agreements is amended to provide
that upon the termination of the Executive's employment by the Company without
cause, the Executive's obligation to pay the promissory notes executed in
connection with the stock purchases which are the subject of such Stock Purchase
Agreements (the "Promissory Notes") is extended, to be paid, together with
accrued interest thereon, on or prior to March 31, 2007, which date shall,
notwithstanding Section 1.4(a) of the Stock Purchase Agreements, be treated as
the "Maturity Date" for all purposes under the Stock Purchase Agreements, and,
correspondingly, the Executive's termination of employment without cause shall
not be treated as an Event of Default in any place in which that term is used
under the Stock Purchase Agreements;

     (ii)   the Executive's obligation to pay the Promissory Notes shall be
forgiven in the event of the Executive's death or total permanent disability (to
be verified by a physician selected by the Company) prior to the Maturity Date;
provided, however, that the Executive or his estate shall have transferred to
the Company following such death or disability all right, title and interest in
or to the Pledged Collateral (as defined in Section 3.1 of the Stock Purchase
Agreements) or, in the event the fair market value of the Pledged Collateral
exceeds the amount of principal and accrued interest owed under the Promissory
Notes (the "Obligation"), the remaining Pledged Collateral, if any, with a fair
market value in excess of

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the Obligation shall be promptly paid over to the Executive or his estate, as
applicable, less applicable deductions, including, without limitation, federal
and state withholding.

All other terms of the Stock Purchase Agreements and the Promissory Notes not
inconsistent with the foregoing, shall remain in full force and effect. For
purposes of this Section 4, "fair market value" shall have the meaning given
such term in Section 2.15.1 or 2.15.2 of the MIIX Group, Incorporated Amended
and Restated 1998 Long Term Incentive Equity Plan as in effect on October 23,
2001. As of the end of each calendar quarter, and within 10 business days of the
close of such calendar quarter, the Company shall provide the Executive with a
written statement showing the unpaid principal and accrued interest to date.

     5.     STOCK OPTION AGREEMENTS: MIIX Group and the Executive are parties to
the following Non-Qualified Stock Option Agreements (the "Stock Option
Agreements"):

     (i)    Option No. 4, effective July 29, 1999, granting to the Executive an
option to purchase 20,000 shares of MIIX Group common stock at $13.50 per share;

     (ii)   Option No. 80, effective December 15, 1999, granting to the
Executive an option to purchase 10,000 shares of MIIX Group common stock at
$11.90625 per share; and

     (iii)  Option No. 312, effective March 7, 2001, granting to the Executive
an option to purchase 50,000 shares of MIIX Group common stock at $7.45 per
share.

The Stock Option Agreements are subject to various vesting schedules and
Expiration Dates (as defined in the Stock Option Agreements). It is agreed
between MIIX Group and the Executive that, notwithstanding any provision of the
Stock Option Agreements to the contrary, all options subject to the Stock Option
Agreements are deemed fully vested as of the Effective Date hereof and may be
exercised by the Executive all or in parts (but not for less than a whole share)
at any time up to and including March 31, 2007. As of April 1, 2007, any such
stock option or portion thereof that remains unexercised shall expire and may no
longer be exercised.

Any and all dividends which may be declared prior to the expiration or earlier
exercise of the options with respect to the MIIX Group common stock which is the
subject of the Stock Option Agreements shall be paid to the Executive.

     6.     TRANSFER OF SECURITIES: The Executive acknowledges that certain or
all of the securities of the Company which he may currently own or which he may
be entitled to receive or purchase pursuant to the benefits set forth herein are
subject to restrictions on the transferability thereof as a result of applicable
law and the agreements pursuant to which such securities were acquired. The
Executive further acknowledges that transactions in the securities of the
Company effected by this Agreement will be subject to regulatory reporting
requirements on the part of the Company and the Executive.

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     7.     EXECUTIVE'S DUTIES AND OBLIGATIONS:

     (i)    The Executive agrees to immediately return to work and to cooperate
fully with the Company in the performance of his duties as the Chief Financial
Officer at all times up to and including the Termination Date. The Executive
agrees to work in cooperation with Company staff and personnel assigned to his
area and with the Company's independent auditors and accountants.

     (ii)   The Executive agrees to cooperate fully with the Company and any
independent firm retained by the Company to conduct a reserve study at all times
up to and including the Termination Date.

     (iii)  The Executive agrees to take all actions necessary for the
completion of the Company's year 2001 audited financial statements by March 31,
2002 and to use his best efforts to meet the Company's financial projections
unless otherwise required by generally accepted accounting or actuarial
principles.

     (iv)   The Executive agrees to cooperate with and participate as a member
of a committee designated to search for a candidate to replace him as the Chief
Financial Officer after the Termination Date. The Executive further agrees to
cooperate in any transition plan initiated by the Company with respect to the
appointment of a Chief Financial Officer.

     (v)    The Executive agrees that he shall, prior to the Termination Date,
take all such actions as are necessary to insure that the Company's staff and
personnel with responsibility for financial matters are sufficiently informed of
and oriented with the Company's financial status and financial transactions
affecting the Company.

     8.     TERMINATION WITH CAUSE; PROHIBITED REASONS: The Company agrees that
it may not terminate the Executive's employment with cause prior to the
Termination Date because of (a) a downgrade in the rating of the Company by A.M.
Best or (b) a reserve study that discloses the need for a reserve adjustment
based on emerging patterns of loss development.

     9.     LITIGATION; INDEMNIFICATION: (i) The Executive agrees to cooperate
fully with the Company as a party or witness as reasonably requested by the
Company or its counsel in connection with any pending or future litigation,
arbitration, adversary proceeding or claim pertaining to events that occurred on
or before the Termination Date in which the Company, its affiliates, directors,
officers or employees, are involved or interested, including but not limited to
giving interviews, reviewing documents, providing deposition or trial testimony
and other related activities. The Company will reimburse the Executive for
reasonable out-of-pocket expenses incurred by the Executive in providing such
cooperation.

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     (ii)   MIIX Group hereby acknowledges its obligation to indemnify the
Executive as provided by Article VI of its By-Laws for the reasons and causes
stated therein and pursuant to the terms thereof.

     10.    RESIGNATIONS FROM BOARDS OF DIRECTORS AND OFFICERSHIPS: The
Executive agrees, effective with the Termination Date, that he hereby resigns
from all of his positions as a member of the Board of Directors and as an
officer of the Company and of any of its subsidiaries and/or affiliates and that
the Executive shall execute such resignations and any and all further
documentation reasonably requested by the Company to evidence such resignations.

     11.    ANNOUNCEMENT OF RESIGNATION; PRESS RELEASE: The Parties agree that
the Company shall, in its sole discretion, decide on the timing of the
announcement, both publicly and within the Company, of the Executive's
resignation as Chief Financial Officer and the termination of his employment
with the Company. The Company shall draft a press release prior to the time of
such announcement generally stating that the Executive is voluntarily
terminating his employment with the Company, that an orderly transition plan is
being implemented and that the Executive is participating in a search committee
to select his replacement, to which the Executive shall consent, such consent
not to be unreasonably withheld.

     12.    NON-DISCLOSURE BY EXECUTIVE: The Executive agrees that he shall not
and is prohibited from disclosing either verbally or in writing to any employee,
client, vendor, investor, analyst or rating agency of the Company or to any
other person that he will be terminating his employment with the Company prior
to the announcement thereof by the Company or that he is unable to fully perform
the duties of his position for any reason prior to the Termination Date.

     13.    RELEASE BY THE EXECUTIVE: Except for the duties and obligations
expressly provided for in this Agreement, the Executive hereby releases and
forever discharges the Company from any and all causes of action, claims or
demands, known or unknown, up to the date of this Agreement, including (i) those
relating to any obligation or liability of the Company to the Executive under
the Employment Agreement or the agreements and plans identified on SCHEDULE 1
hereto; ( ii) those relating to his employment with the Company or the
termination thereof; (iii) those in tort including, but not limited to, those
for wrongful or retaliatory discharge in violation of public policy or
defamation; (iv) those in contract, whether express or implied; (v) those under
any Company policy, procedure or benefit plan; or (vi) those under any federal,
state or local law, including but not limited to Title VII of the Civil Rights
Act, the Americans With Disabilities Act, the Age Discrimination in Employment
Act, the Employee Retirement Income Security Act, the New Jersey Conscientious
Employee Protection Act, the New Jersey Law Against Discrimination and any other
federal, state or local law, rule or regulation pertaining to employment, wages,

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discrimination, retaliation, or any other terms and conditions of employment.
The Executive gives up any claim to reinstatement and will not apply for
re-employment with the Company.

     14.    RELEASE BY THE COMPANY: Except for the duties and obligations
expressly provided for in this Agreement, the Company hereby releases and
forever discharges the Executive from any and all causes of action, claims or
demands, known by its Board or senior executive officers, up to the date of this
Agreement.

     15.    COMPLETE CONSIDERATION: The Executive acknowledges and agrees that
the above-described consideration is the total consideration which the Executive
shall receive from the Company and that he is not entitled to any additional
payments or consideration of any kind whatsoever under any agreement with the
Company or the Company's policies or benefit plans, including those identified
on SCHEDULE 1 hereto.

     16.    CONFIDENTIALITY/RETURN OF CONFIDENTIAL INFORMATION: The Executive
acknowledges and agrees that he continues to be bound by the confidentiality
provisions contained in Section 6 of the Employment Agreement, which provide,
among other things, that the Executive shall not disclose or use at any time any
of the Company's Confidential Information (as defined in the Employment
Agreement). The Executive further acknowledges and agrees that he is bound by
the provisions of Section 6.2 of the Employment Agreement pursuant to which the
Executive immediately shall deliver to the Company as of the Termination Date
all documents and materials containing Confidential Information relating to the
business or affairs of the Company and all other documents, materials and other
property belonging to the Company or its affiliates, or their customers or
clients, that are in the possession or under the control of the Executive.

     17.    NON-COMPETITION BY EXECUTIVE: (i) The Executive acknowledges the
provisions of Section 5 of the Employment Agreement relating to Non-Competition
and that, except as otherwise expressly provided in this Agreement, he remains
bound by Section 5 of the Employment Agreement. The Parties hereby agree, in
lieu and in place of Section 5.2 of the Employment Agreement, that for a period
of one (1) year from and after the Termination Date, the Executive shall not, as
an employee, consultant or otherwise perform services, directly or indirectly,
for or on behalf of the following companies or their affiliates (each, a
"Competitor") with respect to medical malpractice, hospital liability and
related lines of coverage in the States of New Jersey or Pennsylvania:

               (a)       MLMIC Group/Princeton Insurance Companies

               (b)       GE Global Insurance Group/Employers Reinsurance
                         Corporation/The Medical Protective Company

               (c)       American International Group

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               (d)       Chubb Group of Insurance Companies

               (e)       Clarendon Insurance Group

               (f)       Zurich Financial Services Group

               (g)       Pro Mutual Group

               (h)       Any significant new entrants into the New Jersey or
                         Pennsylvania medical malpractice, hospital liability or
                         related lines of coverage markets. For purposes of this
                         Section 13(a), significant new entrant shall mean any
                         entity or group with which such entity is affiliated
                         with capital equal to or greater than $100 million.

The Executive will not be considered to have violated this covenant by
employment with a Competitor provided that (a) he is not employed within the
division of a Competitor that competes with the Company and (b) the competing
division or divisions of the Competitor do not represent more than 15% of the
revenues of the Competitor.

     (ii)   The Executive further agrees not to make any disparaging remarks or
negative comments about the Company, its business practices or its personnel
matters and not to interfere with the relationship of the Company with its
customers or vendors, or request or cause any of the Company's customers or
vendors to alter, cancel or terminate any business relationship with the
Company.

     (iii)  Each Party hereto acknowledges and agrees that the provisions set
forth herein are reasonable and properly required for the protection of both
Parties. Each Party further acknowledges that any breach of these provisions
would expose the other Party to substantial and irreparable loss, and either
Party may enforce such provisions as well as this Agreement by injunctive or
other equitable relief as necessary.

     18.    EXECUTIVE'S BREACH: The Executive agrees that in the event of any
breach of any provision of this Agreement by the Executive, including, without
limitation, the full performance by the Executive of all duties and obligations
hereunder, in addition to any and all other equitable and legal remedies which
may be available to it, the Company shall be entitled to withhold any payment or
other benefits to be made or provided by it to the Executive under this
Agreement, other than a payment relating to stock options under Section 5 of
this Agreement to the extent utilized to reduce the Executive's Obligation under
the Promissory Notes or a payment to be made to the Executive or his beneficiary
under a plan intended to be qualified under section 401(a) of the Internal
Revenue Code; provided however, that prior to withholding such payment or
benefit, the Company shall give written notice of the breach to the Executive
and allow him a reasonable opportunity of two days to cure a breach that is
capable of being cured consistent with the purposes of this Agreement.

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The Executive acknowledges that the Company's remedies are a reasonable measure
of compensation for breach of this Agreement, and are not punitive in nature.

     19.    NO ADMISSION: Each Party acknowledges that nothing contained in this
Agreement is intended to constitute an admission on the part of either Party of
a violation of any law or of any liability whatsoever. Accordingly, this
Agreement shall not be admissible as evidence in any proceeding as an admission,
but only in a proceeding to enforce its terms.

     20.    FURTHER ACTIONS: Each of the Parties shall use such Party's
reasonable best efforts to take such actions as may be necessary or reasonably
requested by the other Party hereto to carry out and consummate the transactions
contemplated by this Agreement.

     21.    GOVERNING LAW; ARBITRATION; ATTORNEYS FEES: This Agreement shall be
governed by and construed in accordance with the laws of the State of New
Jersey, without giving effect to the conflict of law principles thereof. Except
in the event of a breach or threat of breach of either of Sections 16 or 17
hereof, any controversy or claim arising out of or relating, directly or
indirectly, to this Agreement or the breach thereof shall be finally and
conclusively settled by arbitration in New Jersey in accordance with the
Employment Arbitration Rules of the American Arbitration Association then in
force, and judgment upon the award by the arbitrator(s) may be entered in any
court having jurisdiction thereof. The prevailing party in any arbitration or
legal proceeding brought to enforce or involving a claim of breach of this
Agreement shall be entitled to an award of reasonable attorneys fees incurred in
such proceeding.

     22.    SEVERABILITY: Should any provisions of this Agreement be held to be
illegal, void or unenforceable, such provision shall be of no force and effect.
However, the illegality or unenforceability of any such provision shall have no
effect upon, and shall not impair the enforceability of, any other provision of
this Agreement.

     23.    ENTIRE AGREEMENT: This Agreement contains the complete understanding
between the Company and Executive, and no other promises or agreements shall be
binding unless in writing and signed by such Parties.

     24.    COUNTERPARTS: This Agreement may be executed in counterparts, each
of which shall be deemed to constitute an original and all of which taken
together shall constitute one and the same instrument.

     THE EXECUTIVE ACKNOWLEDGES THAT (I) HE HAS REVIEWED THIS AGREEMENT AND THE
RELEASE CONTAINED IN IT AND HAS BEEN ADVISED TO SEEK THE ADVICE AND ASSISTANCE
OF COUNSEL; ( II) HE HAS HAD TWENTY-ONE (21) DAYS TO INDICATE HIS DECISION TO
ACCEPT THE PAYMENTS AND OTHER BENEFITS PROVIDED FOR IN THIS AGREEMENT, OR TO
REJECT THE OFFERED PAYMENTS AND BENEFITS BY NOT SIGNING THIS AGREEMENT; AND
(III) HE HAS HAD SEVEN (7) DAYS AFTER SIGNING THIS AGREEMENT TO CHANGE HIS MIND
AND REVOKE THIS AGREEMENT. THIS AGREEMENT AND THE RELEASE IN IT BECOME EFFECTIVE
SEVEN (7) DAYS AFTER THE EXECUTIVE HAS SIGNED IT (THAT IS, THE

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AGREEMENT'S "EFFECTIVE DATE") IF THE EXECUTIVE HAS NOT EXERCISED HIS RIGHT
DURING THAT TIME PERIOD TO REVOKE THE AGREEMENT.

     BY SIGNING BELOW, THE COMPANY AND THE EXECUTIVE ACKNOWLEDGE AND AGREE THAT
THEY HAVE CAREFULLY READ AND UNDERSTAND THE TERMS OF THIS AGREEMENT, ENTER INTO
THIS AGREEMENT KNOWINGLY, VOLUNTARILY AND OF THEIR OWN FREE WILL, UNDERSTAND ITS
TERMS AND SIGNIFICANCE AND INTEND TO ABIDE BY ITS PROVISIONS WITHOUT EXCEPTION.

     IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of
the date indicated opposite their respective names.

Date:

-----------------                          -----------------------------------
                                           THOMAS M. REDMAN

                                           THE MIIX GROUP, INCORPORATED
Date:

                                           By:
-----------------                             --------------------------------
                                           Name:
                                           Title:

                                           NEW JERSEY STATE MEDICAL
                                           UNDER-WRITERS, INC.
Date:

                                           By:
-----------------                             --------------------------------
                                           Name:
                                           Title:

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                                   SCHEDULE 1

                              PLANS AND AGREEMENTS

1.   New Jersey State Medical Underwriters, Inc. Pension Plan

2.   New Jersey State Medical Underwriters, Inc. 401K Plan

3.   New Jersey State Medical Underwriters, Inc. Deferred Compensation Plan

4.   New Jersey State Medical Underwriters, Inc. Paid Time Off Plan

5.   The MIIX Group, Incorporated Bonus Incentive Plan

6.   The MIIX Group, Incorporated 1998 Long Term Incentive Equity Plan, as
     amended

7.   Stock Purchase and Loan Agreement and Promissory Note, dated July 29, 1999

8.   Stock Purchase and Loan Agreement and Promissory Note, dated December 15,
     1999

9.   Non-Qualified Stock Option Agreement No. 4, effective July 29, 1999

10.  Non-Qualified Stock Option Agreement No. 80, effective December 15, 1999

11.  Non-Qualified Stock Option Agreement No. 312, effective March 7, 2001

                                       11<PAGE>

                                                                   EXHIBIT 10.55

                              EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT (this "Agreement"), dated as of October 31, 2001,
among THE MIIX GROUP, INCORPORATED, a Delaware corporation ("MIIX Group"), NEW
JERSEY STATE MEDICAL UNDERWRITERS, INC., a New Jersey corporation
("Underwriter"), each having offices at Two Princess Road, Lawrenceville, New
Jersey (together, the "Company") and CATHERINE E. WILLIAMS (the "Employee"),
residing at 651 Spencer Drive, Tullytown, Pennsylvania 19007.

                                   WITNESSETH:

     WHEREAS, MIIX Group is the parent company of Underwriter owning all of the
issued and outstanding common stock of Underwriter; and

     WHEREAS, the Company deems it to be in its best interest to secure and
retain for the Company the services of the Employee and the Employee desires to
work for the Company upon the terms and conditions hereinafter set forth;

     NOW, THEREFORE, in consideration of the mutual promises and undertakings
contained herein and intending to be legally bound hereby, the parties hereto
agree, as follows:

     1.     POSITION AND DUTIES. The Employee is engaged hereunder as Vice
President and Secretary of MIIX Group and agrees to perform the duties and
services incident to that position, or such other or further duties and services
of a similar nature as may be required of her by the Chief Executive Officer or
such other superior officer of MIIX Group. The Employee agrees that, if
requested, she shall serve as an officer of the Company and/or of any affiliate,
without additional compensation. The Employee shall have the power and authority
as shall reasonably be required to enable her to perform her duties under this
Agreement in an efficient manner. The Employee agrees to perform the duties and
responsibilities called for hereunder to the best of her ability and to devote
her full time, energies and skills to such duties and to the promotion of the
business and interests of the Company and any affiliate. The Employee may
participate in charitable and similar activities, may be a director of a company
that does not compete with the Company or any affiliate (which shall not include
a "competitor" as defined by Section 5.1 of this Agreement) and may have
business interests in passive investments which, from time to time, may require
portions of her time, but such activities shall be performed in a manner
consistent with her obligations hereunder.

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     2.     COMPENSATION AND OTHER BENEFITS.

            2.1.  BASE SALARY. The Company shall pay to the Employee for the
performance of her duties hereunder, an initial base salary of $115,000 per
annum (the "Base Salary"), payable in accordance with the Company's normal
payroll practices. Thereafter, the amount of the Base Salary may be reviewed and
adjusted as appropriate by the Board of Directors of MIIX Group, taking into
account the recommendation of the Chief Executive Officer or such other superior
officer of MIIX Group, in accordance with executive compensation review
practices.

            2.2.  CASH INCENTIVE PLAN. The Employee shall be eligible to receive
an annual bonus pursuant to MIIX Group's Cash Incentive Plan, or similar plans
which may be in effect from time to time, at the discretion of the Board of
Directors of MIIX Group, based on the Company's and the Employee's achievement
of goals and objectives established by the Board on an annual basis. The Board
shall use its reasonable judgment in determining whether such goals and
objectives have been met and the amount, if any, of the bonus to be paid to the
Employee. It is anticipated that any bonus will be paid on or before March 31 of
the succeeding year.

            2.3.  LONG TERM INCENTIVE EQUITY PLAN. The Employee shall be
entitled to participate in MIIX Group's Long Term Incentive Equity Plan, or
similar plans which may be in effect from time to time for executives of the
Company. Any awards to the Employee under the Long Term Incentive Equity Plan
shall be at the sole discretion of the Board of Directors of MIIX Group and
shall be based on the achievement of performance goals established by the Board.
The Employee shall be entitled to receive dividend equivalents on option shares
under Stock Options granted to the Employee pursuant to the Long Term Incentive
Equity Plan as dividends are declared and paid on the common stock of MIIX
Group, provided, however, that any such dividend equivalents, and the interest
earned thereon, shall be forfeited as to any unvested option shares that are
forfeited by the Employee pursuant to the terms of the Long Term Incentive
Equity Plan.

            2.4.  DEFERRED COMPENSATION. The Employee shall be eligible to
participate in the Company's Deferred Compensation Plan, or similar plans which
may be in effect from time to time, by which the Employee is permitted to defer
compensation and receive benefits in a future year in accordance with the terms
of the Deferred Compensation Plan. The Employee and the Company shall,
simultaneous with the execution of this Agreement, execute the Deferred
Compensation Plan, a copy of which is attached hereto as Exhibit A.

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            2.5.  EMPLOYEE BENEFITS. During the term of this Agreement, the
Employee shall be entitled to participate in all of the benefit programs
provided to similar employees of the Company, including, without limitation, all
medical, disability, dental and life insurance benefits, retirement programs,
incentive compensation plans, automobile expense reimbursement programs and
other employee benefit programs now in existence or hereafter adopted by the
Company, as such plans, programs, practices or policies may be in effect from
time to time.

            2.6.  VACATION. In addition to such holidays as are established by
the policies of the Company, the Employee shall be entitled to paid time off in
accordance with the Company's Paid Time Off policy as applicable to executives
of the Company, as in effect from time to time, during which her compensation
shall be paid, provided, however, that the Employee may not take more than two
consecutive weeks of vacation without the prior approval of the Chief Executive
Officer or such other superior officer of MIIX Group. Unused vacation time can
be carried over only in accordance with the Company's Paid Time Off policy.

            2.7.  REIMBURSEMENT OF EXPENSES. The Company shall reimburse the
Employee for all reasonable expenses incurred by the Employee in connection with
her employment hereunder, provided, however, that such expenses were incurred in
conformance with the policies of the Company, as established from time to time,
and the Employee submits detailed vouchers and other records reasonably required
by the Company in support of the amount and nature of such expenses.

            2.8.  TAXES AND WITHHOLDING. All compensation payable and other
benefits provided under this Agreement shall be subject to customary withholding
for income, F.I.C.A. and other employment taxes.

            2.9.  PHYSICAL EXAMINATION. The Employee shall submit to a physical
examination by a qualified physician on an annual basis which shall be paid for
by the Company and the results of such examination shall be made available to
the Company.

     3.   TERMINATION OF EMPLOYMENT.

            3.1.  DEATH OF THE EMPLOYEE. The Employee's employment under this
Agreement shall terminate immediately upon the Employee's death and the
Employee's estate (or her beneficiary as may be appropriate) shall be entitled
to receive:
                  (1)    the balance of her accrued and unpaid Base Salary,
                  (2)    unreimbursed expenses,
                  (3)    unused accrued vacation time (up to a maximum of three
     weeks) through the date of her death, and

                                      -3-
<PAGE>

                  (4)    any other benefits earned by the Employee and vested
     (if applicable) as of the date of her death under any employee benefit plan
     of MIIX Group or its affiliates in which the Employee participates.

            3.2.  DISABILITY OF EMPLOYEE. If the Employee, in the reasonable
opinion of the Company, is unable to perform her duties under this Agreement by
reason of incapacity, either physical or mental, as determined in accordance
with the MIIX Group of Companies Long Term Disability Group Benefit Plan (the
"LTD Plan"), or similar plan which may be in effect from time to time, the
Company shall have the right to terminate the Employee's employment upon written
notice to the Employee, whereupon such termination shall be effective as of the
date specified in such notice (the "Termination Date") and the Company shall
have no further obligations under this Agreement, except the obligation to pay
to the Employee:
                  (1)    the balance of her accrued and unpaid Base Salary,
                  (2)    unreimbursed expenses,
                  (3)    unused, accrued vacation time (up to a maximum of three
     weeks) through the Termination Date,
                  (4)    any other applicable severance payments provided for in
     Section 4 hereof, and
                  (5)    any other benefits earned by the Employee and vested
     (if applicable) as of the Termination Date under any employee benefit plan
     of the Company or its affiliates in which the Employee participates.
     If the Company determines not to terminate the Employee's employment in the
event of a disability as allowed under this Section 3.2, the Company shall
continue to pay Base Salary to the Employee for a period of up to ninety days,
and shall pay the difference between Base Salary and benefits paid to the
Employee under the LTD Plan for a period of up to six months thereafter, paid in
accordance with the Company's normal payroll practices, while the Employee is
not working. If the Employee, in the reasonable opinion of the Company, remains
disabled at the end of such nine month period, her employment shall be deemed
terminated and she shall receive the benefits provided for in this Section 3.2.

            3.3.  TERMINATION FOR CAUSE.

     1.     For purposes of this Agreement, "for cause" shall mean the
termination of the Employee's employment with the Company as a result of any of
the following:
                  (1)    the willful engaging by the Employee in conduct which
     is materially injurious to or contrary to the best interests of the
     Company, monetarily or otherwise;
                  (2)    the willful failure by the Employee to perform such
     duties as may be delegated or assigned to the Employee by the Chief
     Executive Officer or such other superior officer of MIIX Group;

                                      -4-
<PAGE>

                  (3)    the willful failure by the Employee to follow the
     directives or instructions of the Chief Executive Officer or such other
     superior officer of MIIX Group;
                  (4)    the repeated and consistent failure of the Employee to
     be present at work and devote her full time best efforts to the
     performance of her duties under this Agreement, except as set forth above
     in connection with the Employee's disability;
                  (5)    gross negligence in the performance of her duties on
     behalf of the Company;
                  (6)    the Employee's conviction of, or plea of no contest to,
     a felony or any crime involving moral turpitude; or
                  (7)    the commission by the Employee of an act, or the
     omission of an act, that would constitute a material breach of this
     Agreement.
     2.     The Employee's employment under this Agreement shall terminate
immediately upon written notice from the Company that the Company is terminating
the Employee for cause. Upon the Company's termination of the Employee for
cause, the Company shall be required to pay to the Employee:
                  (1)    the balance of her accrued and unpaid Base Salary,
                  (2)    unreimbursed expenses,
                  (3)    unused, accrued vacation time (up to a maximum of three
     weeks) through the Termination Date, and
                  (4)    any other benefits earned by the Employee and vested
     (if applicable) as of the Termination Date under any employee benefit plan
     of the Company or any affiliate in which the Employee participates.

            3.4.  TERMINATION WITHOUT CAUSE. The Company may terminate the
Employee's employment without cause under this Agreement at any time upon
written notice to the Employee specifying the date of termination. In the event
of a termination without cause, the Company shall make payments to the Employee
in accordance with Section 4 below.

            3.5.  TERMINATION FOLLOWING A CHANGE IN CONTROL.
     1.     In the event that the Company terminates the Employee's employment
during the six month period following a Change in Control (as hereinafter
defined), the Employee shall be entitled to receive:
                  (1)    the accrued and unpaid balance of her Base Salary,
                  (2)    Base Salary for the 24 month period following the
     Termination Date, paid, at the option of the Company, in accordance with
     the Company's normal payroll practices or in a lump sum,
                  (3)    unreimbursed expenses,
                  (4)    unused, accrued vacation time (up to a maximum of three
     weeks) through the Termination Date,

                                      -5-
<PAGE>

                  (5)    any other benefits earned by the Employee and vested
     (if applicable) as of the Termination Date under the terms of any employee
     benefit plan of the Company or its affiliates in which the Employee
     participates, and
                  (6)    for the 24 month period following the Termination Date,
     coverage for the Employee and her dependents (if applicable) under the
     standard health and life benefits plans of the Company in which the
     Employee participates.
     The Company shall also be responsible for any tax penalty which may be
imposed upon the Employee in connection with the payments to be made under this
Section 3.5.
     2.     For purposes of this Agreement, "Change in Control" shall mean the
occurrence of any of the following events:
            (1)   the acquisition in one or more transactions by any "Person"
(as such term is used for purposes of Section 13(d) or Section 14(d) of the
Securities Exchange Act of 1934, as amended) but excluding, for this purpose,
MIIX Group or its affiliates or any employee benefit plan of MIIX Group or its
affiliates, of "Beneficial Ownership" (within the meaning of Rule 13d-3 under
the Securities Exchange Act of 1934, as amended) of thirty-five percent (35%) or
more of the combined voting power of MIIX Group's then outstanding voting
securities.
            (2)   the individuals who, as of the date hereof, constitute the
Board of Directors of MIIX Group (the "Incumbent Board") cease for any reason to
constitute at least a majority of the Board; provided, however, that if the
election, or nomination for election by MIIX Group's shareholders, of any new
director was approved by a vote of at least a majority of the Incumbent Board,
such new director shall be considered as a member of the Incumbent Board, and
provided further that any reductions in the size of the Board that are
instituted voluntarily by the Incumbent Board shall not constitute a Change in
Control, and after any such reduction the "Incumbent Board" shall mean the Board
as so reduced;
            (3)   a merger or consolidation involving MIIX Group if the
shareholders of MIIX Group, immediately before such merger or consolidation, do
not own, directly or indirectly, immediately following such merger or
consolidation, more than sixty-five percent (65%) of the combined voting power
of the outstanding voting securities of the corporation resulting from such
merger or consolidation or a complete liquidation or dissolution of MIIX Group
or a sale or other disposition of all or substantially all of the assets of MIIX
Group; or
            (4)   the acceptance by the shareholders of MIIX Group of shares in
a share exchange if the shareholders of MIIX Group, immediately before such
share exchange, do not own, directly or indirectly, immediately following such
share exchange, more than sixty-five percent (65%) of the combined voting power
of the outstanding voting securities of the corporation resulting from such
share exchange.

            3.6.  TERMINATION BY THE EMPLOYEE. The Employee may terminate her
employment under this Agreement at any time upon not less than thirty days prior
written notice to the Company. The Company may, however, elect to accelerate the
date of

                                      -6-
<PAGE>

termination. In the event of such a termination, the Company shall be required
to pay to the Employee:
                  (1)    the balance of her accrued and unpaid Base Salary,
                  (2)    unreimbursed expenses,
                  (3)    unused, accrued vacation time (up to a maximum of three
     weeks) through the Termination Date,
                  (4)    any other benefits earned by the Employee and vested
     (if applicable) as of the Termination Date under any employee benefit plan
     of the Company or its affiliates in which the Employee participates.

     4.     SEVERANCE.
            4.1.  PAYMENTS BY THE COMPANY. In the event that the Company
terminates the Employee's employment without cause, or in the event that the
Company determines to terminate the Employee's employment under Section 3.2
hereof, the Employee shall be entitled to receive:
                  (1)    the balance of her accrued and unpaid Base Salary,
                  (2)    unreimbursed expenses,
                  (3)    unused, accrued vacation time (up to a maximum of three
     weeks) through the Termination Date,
                  (4)    any other benefits earned by the Employee and vested
     (if applicable) as of the Termination Date under any employee benefit plan
     of the Company or any affiliate in which the Employee participates,
                  (5)    for the 12 month period following the Termination Date,
     coverage for the Employee and her dependents (if applicable) under the
     standard health and life benefits plans of the Company in which the
     Employee participates, and
                  (6)    Base Salary, paid in accordance with the Company's
     normal payroll practices, commencing on the Termination Date and ending on
     the earlier of: (1) 12 months from the Termination Date or (2) the date on
     which the Employee obtains full-time employment with any third party or as
     an independent consultant, whichever is earlier.
     Except during any period of disability as described in Section 3.2, the
Employee shall have a duty to undertake to secure new employment immediately
upon termination of employment with the Company. The Employee shall immediately
notify the Company in writing of such employment and any payments received by
the Employee pursuant to this Section 4.1 subsequent to the commencement of such
employment shall be promptly remitted to the Company. Notwithstanding the
foregoing, in the event that the Employee obtains full-time employment with any
third party or as an independent consultant at an annual amount lower than her
Base Salary at the Company on the date of her termination, the Company shall pay
to the Employee an amount equal to such difference from the date on which the
Employee obtains such full-time employment for a period not to exceed 12 months
from the Termination Date.

                                      -7-
<PAGE>

            4.2.  RESIGNATIONS FROM POSITIONS. The Employee specifically agrees
that upon her termination of employment with the Company, whether voluntary or
involuntary, her position as an officer or as a member of the Board of Directors
of MIIX Group, MIIX Insurance Company, Underwriter or any affiliate shall cease
and this Agreement shall constitute notice of the Employee's resignation in such
regard.

     5.   NON-COMPETITION.
            5.1.  DEFINITION OF "COMPETITOR". For purposes of this Agreement,
"competitor" shall mean any company engaged in or about to be engaged in the
business of selling or marketing a product or service in the medical
professional liability insurance business which is similar to any product or
service sold or marketed or about to be sold or marketed by the Company or any
affiliate and the successors thereof, respectively.

            5.2.  TERM OF NON-COMPETITION. The Employee agrees that for so long
as she is employed by the Company and for a period of one year after the
termination thereof, whether voluntary or involuntary, she will not, directly or
indirectly, whether for compensation or not, own, manage, operate, join, control
or participate in, or be connected as a stockholder, officer, employee, partner,
creditor, guarantor, consultant, advisor or otherwise, with a competitor that is
engaged in or about to be engaged in business in any geographic area where the
Company or any affiliate are doing business. The foregoing shall not be
construed, however, as preventing the Employee from investing her assets in such
form or manner as will not require services on the part of the Employee in the
operations of the businesses in which such investments are made and provided
that any such business is publicly-owned and the interest of the Employee
therein is solely that of a passive investor owning not more than five (5%)
percent of the outstanding equity securities of any such business.

            5.3.  SOLICITATION OF COMPANY CLIENTS. For the period of one year
after the termination of the Employee's employment with the Company or any
affiliate, whether voluntary or involuntary, the Employee shall not, directly or
indirectly, call upon or solicit insurance or consulting business from any
person or entity who is or was a client of the Company or any affiliate at any
time within a period of twelve months immediately prior to the Termination Date,
or any broker, agent or consultant of such person or entity, without the express
written consent of the Company.

            5.4.  SOLICITATION OF COMPANY EMPLOYEES. For the period of one year
after the termination of the Employee's employment with the Company or any
affiliate, whether voluntary or involuntary, the Employee shall not, directly or
indirectly, hire, retain or engage as a director, officer, employee, agent,
consultant, advisor or in any other capacity any person or persons who are
employed by the Company or any affiliate or

                                      -8-
<PAGE>

who were at any time within a period of six months immediately prior to the
Termination Date employed by the Company or any affiliate or otherwise interfere
with the relationship between such persons and the Company or its affiliates,
without the express written consent of the Company.

            5.5.  REMEDIES. The parties acknowledge and agree that the
Employee's services hereunder are special, unique, unusual and extraordinary,
giving them peculiar value, the loss of which cannot be reasonably or adequately
compensated solely by damages, and in the event that the Employee breaches any
provision of this Section 5, the Company shall be entitled to equitable relief
by way of injunction or otherwise. In the event that the period of time or
geographic area herein specified should be adjudged unreasonable in any court
proceeding, then the period of time shall be reduced by such number of months or
the geographic area shall be reduced by elimination of such portion thereof as
deemed unreasonable, so that this Agreement may be enforced during such period
of time and in such geographic area as is adjudged to be reasonable. In the
event that the Employee breaches any of the provisions of this Section 5, the
Company also shall be entitled to cease all payments and benefits under the
terms of this Agreement and to pursue all remedies which the Company might have
including, but not limited to, those contained in this Agreement.

     6.     CONFIDENTIALITY.
            6.1.  DEFINITION OF "CONFIDENTIAL INFORMATION". For the purposes of
this Agreement, "Confidential Information" shall mean all information about the
Company or any affiliate relating to any of their products or services or any
phase of their operations, including, without limitation, business plans and
strategies, trade secrets, marketing and distribution information, business
results, underwriting information and methods, identities of insureds and claims
defense and recovery methods and procedures not generally known through
legitimate means to any of its competitors, with which the Employee becomes
acquainted during the term of her employment.

            6.2.  CONFIDENTIAL TREATMENT. During the time of employment, or at
any time thereafter, the Employee shall not disclose or make available to any
person or entity any Confidential Information without the express prior written
authorization of the Company. All records, files, materials and Confidential
Information obtained by the Employee in the course of her employment with the
Company are confidential and proprietary and shall remain the exclusive property
of the Company or its affiliates, as the case may be. Upon the termination of
the Employee's employment with the Company or any affiliate, or at any time upon
the request of the Company, the Employee (or her heirs or personal
representatives, as applicable) shall deliver to the Company (1) all documents
and materials containing Confidential Information relating to the business or
affairs of the Company or its affiliates, or their customers or clients, and (2)
all other

                                      -9-
<PAGE>

documents, materials and other property belonging to the Company or its
affiliates, or their customers or clients that are in the possession or under
the control of the Employee.

            6.3.  REMEDIES. The parties acknowledge and agree that Confidential
Information is vital to the operations of the Company and its affiliates and
that the loss suffered by breach of any of the provisions of this Section 6
cannot be reasonably or adequately compensated for by damages, and in the event
that the Employee breaches this Section, the Company shall be entitled to
equitable relief by way of injunction or otherwise. In the event that the
Employee breaches any of the provisions of this Section 6, the Company also
shall be entitled to cease all payments and benefits under the terms of this
Agreement and shall be entitled to pursue all remedies which the Company might
have including, but not limited to, those contained in this Agreement.

     7.     SEVERABILITY. The terms of this Agreement and each Paragraph and
Section hereof shall be considered severable and the invalidity or
unenforceability of any part thereof shall not affect the validity or
enforceability of the remaining portions or provisions hereof.

     8.     NOTICES. Any notice required or permitted to be given under this
Agreement shall be sufficient, if in writing and delivered by mail or overnight
delivery service, to her residence, in the case of the Employee or to its
principal office in the case of the Company.

     9.     ASSIGNMENT. The rights and obligations of the Company under this
Agreement shall inure to the benefit of and be binding upon its successors and
assigns. Neither this Agreement nor any rights or interests herein or created
hereby may be assigned or otherwise transferred voluntarily or involuntarily by
the Employee.

     10.    WAIVER. The waiver by the Company or the Employee of a breach of any
provision of this Agreement by the other party shall not operate or be construed
as a waiver of any subsequent breach.

     11.    APPLICABLE LAW. This Agreement shall be interpreted and construed
under the laws of the State of New Jersey without reference to principles of
conflicts of laws.

     12.    JURISDICTION. Employee and the Company agree to submit to the
jurisdiction of the federal and state courts in New Jersey for purposes of the
enforcement of or any dispute concerning this Agreement and that any proceeding
to enforce or involving any dispute concerning this Agreement shall be brought
exclusively in the federal or state courts in New Jersey.

                                      -10-
<PAGE>

     13.    ENTIRE AGREEMENT. This Agreement contains the entire agreement of
the parties with respect to the subject matter hereof and supersedes all prior
or contemporaneous agreements with respect to the subject matter hereof. This
Agreement may not be changed, altered or amended except by an agreement in
writing signed by the party against whom enforcement of any waiver, change,
modification, extension or discharge is sought.
     14.    COUNTERPARTS. This Agreement may be executed in counterparts, each
of which shall be deemed an original and all of which taken together shall
constitute one and the same instrument.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year first above written.

                                   THE MIIX GROUP, INCORPORATED

                                   By:
                                      ----------------------------------

                                   NEW JERSEY STATE MEDICAL
                                   UNDERWRITERS, INC.

                                   By:
                                      ----------------------------------

                                   -------------------------------------
                                            CATHERINE E. WILLIAMS

                                      -11-

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