Document:

EXHIBIT 10.22

                            GENERAL AGENCY AGREEMENT
                            ========================

                      FEDERATED NATIONAL INSURANCE COMPANY
          HOME OFFICE, 4161 N.W. 5TH STREET, PLANTATION, FLORIDA 33317

Federated National Insurance Company, a Florida Corporation, is a party to this
Agreement and shall be referred to as the "Company".

Assurance Managing General Agents, Inc., a Florida Corporation, whose address is
4161 N.W. 5th Street, Plantation, Florida 33317, is a party to this Agreement
and shall be referred to as the "General Agent".

THIS AGREEMENT is entered into this __1__ day of August , 1998 by and between
the entity or person(s) designated and executing this General Agency Agreement
(hereinafter referred to as the "General Agent") and the company designated,
organized under the laws of Florida (hereinafter referred to as the "Company").

NOW THEREFORE, IT IS UNDERSTOOD AND AGREED:

I. APPOINTMENT AND AUTHORITY:

A.       The General Agent is authorized to manage the portions of the Company
         business as set forth herein. General Agent is authorized to solicit
         applications for and to issue policies of insurance on such class or
         classes of business and in such territory or territories as are
         indicated by the various authorized and executed product line addendum
         agreements attached hereto and incorporated herein by this reference.
         This Agreement shall be between the General Agent and the Company
         authorizing the writing of the aforesaid class or classes of business.
         It shall also be effective as to any addendum subsequently attached
         hereto amending the provision of an existing authorized product line or
         adding a new product line.

B.       In carrying on the business contemplated by this Agreement, the General
         Agent shall comply with such rules, regulations or instructions as the
         Company may prescribe and the General Agent hereby agrees and is hereby
         authorized:

         1. To collect, receive and account for premiums on insurance policies
         pursuant to this Agreement.

         2. To deliver and countersign policies of insurance which have been
         executed by authorized officers of the Company.

         3. To make endorsements, changes, assignments, transfers and
         modifications to policies as authorized by the Company.

         4. To effect cancellation of policies as provided in Section IX of this
         Agreement.

         5. To enter into agreements with sub-agents, however, the General Agent
         shall have no authority to appoint sub-agents or to accept business
         from an Insurance Broker except upon specific written authority from
         the Company. If granted, the General Agent shall report the name,
         address and required licensing information of any authorized sub-agent

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         to the Company for appointment with the State Insurance Departments, as
         required by law.

II. LIMITATIONS OF AUTHORITY:

A.       With respect to certain classes of business which the General Agent may
         be authorized to solicit under this Agreement, the General Agent will
         not solicit or accept proposals or bind the Company for insurance
         coverage on the following:

         1. Risks which are unacceptable in accordance with the Company's
         underwriting standards which the Company, from time to time, may
         communicate to the General Agent. Such communications may be in such
         form or in such manner as the Company may deem appropriate under the
         circumstances.

         2. Policy limits which are in excess of those specified in any product
         line addendum attached hereto.

         3. Risks which are not in compliance with the applicable forms, rules,
         rates or filings of the Company according to their exact terms and to
         the laws and regulations in effect in the General Agent's territory.

B.       In the event the General Agent binds the Company to the aforesaid risks
         or excess policy limits without prior written approval from the
         Company, whether intentional or not, the General Agent will do such
         things and take such actions as necessary to remove or to reduce the
         Company's exposure on such risks or to such excess policy limits and to
         hold the Company harmless against any liability or loss which may be
         incurred by the Company as a result of such binder.

III.  COMPLIANCE WITH STATE INSURANCE CODES:

The General Agent agrees to operate at all times in compliance with every
applicable State Insurance Code set forth in the territories where and
pertaining to the various product lines that the General Agent is authorized to
write for the Company under this Agreement.

The General Agent further agrees that in the event the Company is in violation
of any State code or statute, due to the acts of the General Agent, the General
Agent shall assume the responsibility of such act and shall hold the Company
harmless in the event of such violation. If the Company, because of a violation
of an Insurance Code or regulation by the General Agent, is reprimanded, fined
or otherwise involved in any action caused by the General Agent, the General
Agent agrees to reimburse the Company for all expenses, fines or other fees
incurred by the Company as a result of such action.

IV. COMMISSIONS:

Subject to compliance by the General Agent with the terms and conditions of this
Agreement, the Company will pay and the General Agent will accept as full
compensation on business placed with and accepted by the Company, commissions to
the extent provided in the product line addendum in effect on the date
commissions are allowed or paid.

ADVANCE COMMISSIONS - As advance commissions, the General Agent may retain from
the total premiums written, net of cancellations for each authorized class of

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business, the percentage of net written premium which may be indicated for such
class of business in the Advance Commission column of the product line addendum.
With respect to cancellations or endorsements resulting in return premiums,
advance commissions shall be refunded at the same rate at which the commissions
allowed initially had been computed. If the General Agent has succeeded to and
is carrying on the business previously written by another General Agent with the
Company (a "predecessor General Agent"), the advance commission, if any, shall
be refunded at the same rate and in the manner allowed to such predecessor or
General Agent, unless otherwise agreed upon in writing by the Company and the
General Agent.

V. EXPENSES:

All agency expense, including but not limited to rentals, transportation,
salaries, attorney or legal fees, postage, advertising, currency exchange fees,
countersignature fees or commissions, agent's occupational taxes, whether billed
to the General Agent or Company, shall be the liability of the General Agent.
The General Agent will remit promptly to the Company the amount of any such item
billed to the General Agent upon notice by the Company to the General Agent of
the charge therefor.

VI. REPORTS AND RECORDS:

A.       The General Agent will forward to the Company no later than ten (10)
         days after the effective date, or when otherwise directed by the
         Company, exact copies of all policies or other appropriate evidences of
         insurance written, modified or canceled pursuant to this Agreement. The
         General Agent shall keep true and complete records of all transactions
         and correspondence with policyholders and the Company. Such records may
         be examined by representatives of the Company at any time. The Company
         shall have access and the right to copy all accounts and records
         related to its business in the possession of the General Agent, in a
         form usable by the Company. The General Agent shall provide access to
         the Florida Department of Insurance to all books, bank accounts and
         records of the General Agent in a form usable by the Department. The
         General Agent shall retain records according to law.

B.       Supplies furnished by the Company shall remain the property of the
         Company and shall be returned immediately upon request. Upon
         termination of this Agreement or the General Agent's authority
         hereunder, the General Agent, at the direction of the Company, shall
         return all such property to the Company or to its designated
         representative and shall hold the Company harmless with respect to any
         unauthorized use thereof. If, at the time of such termination, the
         General Agent is not in default in remitting premiums or other balances
         due the Company and if it promptly thereafter accounts for and pays
         over balances of premiums due but not in default, the General Agent's
         records, use and control of expirations shall be deemed the property of
         the General Agent and left in its undisputed possession; otherwise, the
         records and use and control of expirations shall be turned over to and
         vested in the Company.

VII.  PREMIUM AND ACCOUNTINGS:

A.       The General Agent shall be liable for and shall pay to the Company all
         net premiums attributable to the business produced by the General Agent
         hereunder. Net premiums shall be gross premiums on such business
         produced by the General Agent, less return premiums and applicable
         commissions. An accounting of new premiums due the Company for business

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         produced by the General Agent each month shall be rendered by the
         Company to the General Agent on or about the fifth (5th) day of the
         following month. The amount so indicated to be due shall be paid to the
         Company in accordance with the payment terms specified on the product
         line addendum. However, funds due shall be remitted to the Company at
         least monthly, except the Company may require remittance every fifteen
         (15) days. Should the General Agent default in any such payment, all
         premiums on the unpaid business produced by the General Agent under
         this Agreement shall be due and payable immediately. If the default is
         not corrected within thirty (30) days, all provisions of this Agreement
         providing for payment of contingent commissions are null and void and
         shall not be reinstated except by a signed Letter of Reinstatement from
         an officer of the Company. In addition, the Company may withhold or
         offset payment of any commissions until all premium or other money due
         from the General Agent is received by the Company.

B.       For the purpose of this Agreement, and unless prior approval is
         obtained from the Company, any cancellation of a policy effected by the
         General Agent which is not received by the Company within thirty (30)
         days following the effective date of such policy, shall be deemed to
         have been a cancellation with earnings, and the General Agent shall be
         charged for the net premiums earned thereon by the Company.

C.       All premiums received by the General Agent shall be held in a fiduciary
         capacity in a bank which is a member of the Federal Reserve System as
         trustee for the Company until delivered to the Company unless otherwise
         specified in writing. The account shall be used for all payment as
         directed by the Company. The premiums received by the General Agent,
         net of advance commissions allowed, shall be kept in a separate
         fiduciary bank account, separate from any other company's accounts,
         unless the Company otherwise consents in writing. The keeping of an
         Account with the General Agent on the Company's books, as a creditor or
         debtor account, is declared a record memorandum of business transacted
         and the keeping of such account, or an alteration in compensation rate,
         or a failure to enforce prompt remittance or compromise or settlement
         or declaration of balance of account, shall not waive the Company's
         right to assert the fiduciary nature of the premiums collected by the
         General Agent.

D.       The General Agent may retain no more than sixty (60) days of estimated
         claims payments and allocated loss adjustment expenses.

VIII.  CLAIMS:

A.       The General Agent shall promptly report all claims to the Company or an
         Assigned Adjuster(s) or claim representative(s) who has been designated
         by the Company. The Company shall have the sole responsibility for
         adjustment and payment for claims arising under policies written by the
         General Agent. Payment of all claims shall be effected by drafts or
         checks drawn upon the Company at the Company's Home Office, unless
         otherwise agreed upon and authorized in writing by an officer of the
         Company.

B.       Acceptance and endorsement of the Company's check in payment of
         commissions due under the terms of this Agreement shall constitute a
         representation by the General Agent that all known claims under the
         policies issued by or on behalf of the Company have been accurately,
         promptly, and completely reported to the Company.

C.       General Agent hereby agrees to, at all times hereafter, indemnify and
         save harmless Company from all loss or claims which shall result from

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         real or alleged negligent or willful acts of the General Agent, or the
         servants, agents or employees of the General Agent in the performance
         of duties under this Agreement. Included are all costs, expenses,
         attorney fees and other legal fees, penalties, direct or consequential
         damages, assessments, verdicts (including punitive damages) and any
         other expense or expenditure incurred by Company as a result of General
         Agent's performance or lack of performance under the terms of this
         Agreement.

IX. POLICY CANCELLATIONS:

The General Agent is authorized to effect cancellations of policies written by
it, or by any predecessor, in accordance with all applicable laws or regulations
for non-payment of premium or other causes as the General Agent may claim to be
in the best interest of the Company. Such cancellation authority shall be
exercised only for causes inherent in the particular risk and shall not be
construed as authority to make general or indiscriminate cancellation or
replacement of the policies with those of another company, except upon specific
written instructions from the Company. The General Agent will cancel any and all
policies produced by it or any predecessor for any reason the Company deems
necessary.

X. TERMINATION AND SUSPENSION:

A.       This Agreement, with respect to any one or more of the classes of
         insurance authorized herein to be written, may be terminated for cause
         at any time or by either party by giving notice in writing to the other
         party at least sixty (60) days prior to the effective date of
         termination or as otherwise provided by law. If the Agreement is
         terminated by the Company the notice may specify whether the General
         Agent's authority to place new business continues until such
         termination date or terminates upon receipt of notice. In addition, the
         Company may suspend the underwriting authority of the General Agent
         during the pendency of any dispute regarding the cause for termination
         should a dispute arise. Both parties agree to fulfill any obligations
         on policies, regardless of any dispute.

B.       Notwithstanding the foregoing, if the General Agent shall commit any
         breach of this Agreement or fail to comply with any instruction or
         directions by the Company, the Company may, in its sole discretion,
         suspend or terminate the authority of the General Agent as to all or
         any specific powers granted to the General Agent under this Agreement
         and the Company will be entitled to all legal rights of recovery from
         the General Agent, including but not limited to all or any part of the
         contingency commission which may be a part of this Agreement. Notice of
         such suspension or termination shall be in writing, and upon receipt of
         such notice, the General Agent shall thereupon cease to exercise such
         power or powers in accordance with such notice. Should the General
         Agent fail to comply with any such suspension or termination notice,
         the General Agent agrees to indemnify and agrees to reimburse the
         Company for any losses or expense incurred or for any damages caused by
         the Company as a consequence thereof.

C.       In the event of termination of this Agreement or the General Agent's
         authority as to all of business, the Company need not make further
         payments of contingent commissions or render subsequent accounting to
         the General Agent until such time as all liabilities for loss and loss
         adjustment expenses, arising out of policies issued under this
         Agreement shall have been terminated by expiration, cancellation,
         payment or settlement as the case may be. The Company will then render
         a final accounting to the General Agent, only upon request, if such
         request is made within twelve (12) months after all liabilities have
         been satisfied. In the event the General Agent cannot be located or no
         timely request is made by the General Agent for a final accounting, all

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         funds which may be due the General Agent will revert to the Company and
         become its sole property.

D.       In the event the General Agent exercises its right to terminate this
         Agreement, and provided the General Agent desires to sell the business
         which was placed on the Company's books by the General Agent, the
         Company shall have the first right and option to purchase such business
         by paying to the General Agent a mutually agreeable amount. If the
         Company exercises such option, the General Agent hereby relinquishes
         all rights to the expirations and to the renewal of the business
         whether placed by the General Agent directly or through sub-agents. If
         the Company exercises such option, all rights of the General Agent
         under agency contracts with sub-agents covering the business transacted
         under this Agreement are hereby assigned to the Company which shall
         then have the rights that the General Agent previously had with respect
         to the sub-agents. If the Company exercises the right to terminate this
         Agreement, the purchase price and conditions of sale of the business
         shall be as above stated provided the General Agent desires to sell and
         the Company desires to buy.

XI. GENERAL PROVISIONS:

A.       This Agreement and the provisions relating to commissions shall,
         without prior notice, be automatically modified to conform with any law
         or governmental regulation having application to or jurisdiction over
         the subject matter or the parties hereto.

B.       This Agreement may not be altered or modified, except in writing,
         signed by the parties hereto. A waiver by the Company or any breach or
         default by the General Agent under this Agreement shall not constitute
         a continuing waiver or a waiver by the Company or any subsequent act in
         breach of or in default hereunder. This Agreement shall be subject to
         and construed under the laws of the State of Florida. Whenever used in
         this Agreement, "policies" shall mean and include certificates,
         endorsements, binders and other proposals or evidences of insurance.
         This contract shall not be construed as an exclusive agreement, and the
         Company reserves the right to appoint any other General Agent(s) as it
         may deem advisable.

C.       This Agreement supersedes all prior agreements of any type whatsoever
         by and between the Company and the General Agent. Should there arise
         from any unforseen cause, differences of opinion or interpretation of
         the Agreement which cannot be amicably settled between the Company and
         the General Agent, it is then understood and agreed such differences
         shall be submitted for arbitration to two Executive or Operating
         Officers, active or retired, of Property and Casualty Insurance
         Companies admitted in the state of controversy, one to be chosen by the
         Company, the other by the General Agent. The arbitrators so chosen
         shall first select from amongst Executive or Operating Officers, active
         or retired, of Property and Casualty Insurance Companies, a competent
         and disinterested umpire to whom they shall submit their differences
         and a decision of the majority of the three shall in such case be
         final. The arbitrators shall be required to decide matters submitted to
         them upon the customs and usages of the business in a spirit of equity
         rather than on technicalities or legal requirements. Each party will
         pay the expenses of its own arbitrator and the pro-rata portion of the
         expenses of the third arbitrator. Any such arbitration shall be held in
         the city of Pembroke Pines, Florida unless otherwise agreed in writing,
         signed and acknowledged by the parties hereto at the time or before the
         arbitrators are appointed.

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D.       The General Agent agrees not to enter or continue in effect Agency or
         General Agency Agreements with other insurance companies with respect
         to the classes of business covered by this Agreement unless prior
         notification is given to the Company.

E.       The General Agent is permitted to negotiate for reinsurance for the
         lines of business the General Agent is so authorized by the Company.
         The General Agent agrees not to enter into any reinsurance agreement on
         behalf of the Company without the Company's approval.

F.       The General Agent shall not:

         1.       Bind reinsurance or retrocessions on behalf of the Company,
                  except that the General Agent may bind facultative reinsurance
                  if the contract with the Company contains reinsurance
                  underwriting guidelines including, for both reinsurance
                  assumed and ceded, a list of reinsurers which are authorized,
                  the coverages and amounts or percentages that may be
                  reinsured, and commission schedules and that the Company has
                  put each reinsurer on notice of the authorization by providing
                  the reinsurer and reinsurance intermediary, if any, with a
                  copy of this section of the contract and that the reinsurer
                  will send confirmation of reinsurance placement directly to
                  the Company and the General Agent.

         2.       Commit the Company to participate in insurance or reinsurance
                  syndicates.

         3.       Appoint any producer without assuring that the producer is
                  lawfully licensed to transact the type of insurance for which
                  he or she is appointed.

         4.       Without prior approval of the Company, pay or commit the
                  Company to pay a claim over a specified amount, net of
                  reinsurance, which exceeds 1 percent of the Company's
                  policyholder's surplus as of December 31 of the last completed
                  calendar year.

         5.       Collect any payment from a reinsurer or commit the Company to
                  any claims settlement with a reinsurer without prior approval
                  of the Company. If prior approval is given, a report must be
                  promptly forwarded to the Company.

         6.       Permit its subproducer to serve on its board of directors.

         7.       Appoint a submanaging general agent.

G.       The General Agent's rights under this Agreement are not assignable.

H.       The General Agent may charge a per-policy fee not to exceed $25.

I.       It is realized by the parties that the Company may, from time to time,
         be required to accept certain risks under the Automobile Assigned Risk
         Plans and/or the Basic Property Insurance Inspection Placement
         Programs, Fair Plans, or other similar type programs of the various
         States or be assessed under Insurance Guarantee Associations or similar
         plans, because of business written under this Agreement. If such
         assignments should be made, it is agreed that, for purposes of payment
         of contingent commissions, the following shall govern:

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         Since it is virtually impossible to equitably allocate to the various
         General Agents specific assignments generated from business produced by
         them, it is agreed that the allocations of these assignments or
         assessments shall be made on a direct written premium basis. Each
         General Agent's annual share of the profit or loss, resulting from the
         assignments or assessments because of the Company's required
         participation in various pools, shall be the same percentage of the
         profit or loss as the General Agent's total direct written premium for
         that class of business which generated the assignment or assessments or
         caused the participation in the pool, bears to the Company's total
         direct premiums for the same class in the State for the calendar year.

         The Company will annually make this computation and notify the General
         Agent of its participation share. For the purposes of this Paragraph G,
         direct premiums written shall mean direct gross premiums written, less
         return premiums and cancellations.

         The Company shall calculate the total profit or loss from assignments
         received or participation in pools as follows:

                  From one hundred percent (100%) of premiums earned for the
                  calendar year on said business shall be deducted losses and
                  loss expenses incurred, commissions allowed General Agents on
                  business or assessments payable to various plans, and a
                  Company retention of fifteen percent (15%) on Automobile
                  Assigned Risk Plans and/or Basic Property Insurance Inspection
                  Placement Programs, Fair Plans, etc., as applied to earned
                  premiums.

         In those situations where the Association or Plan completely
         administrates the risks, i.e., collects premiums, pay losses, etc., and
         then annually notifies the Company of it share of profit or loss, no
         Company retention will be charged. Only expenses actually booked which
         are attributable to the business will be taken into consideration.

         If this General Agency Agreement is terminated, the General Agent's
         contingent commission shall be subject to the above calculation as long
         as the Company is required to take assignments because of business
         written under this Agreement.

         Final accounting of any contingent commission agreement shall not be
         calculated until all policy assignments to the Company by reason of
         participation in such assigned risk plan, pool, etc., are fully earned
         and final assessments made and claims paid.

         The General Agent authorizes the Company to combine and offset, as the
         case may be, any profit or loss described with contingent commissions
         payable under this Agreement.

J.       If a Guarantor or Surety has agreed, by separate written instrument, to
         guarantee the obligations the General Agent has assumed herein, any
         changes made by amendment of this Agreement or any Schedules or
         Addendum(s) attached hereto relating to a class or classes of business,
         territory, commissions, reports, records or accounting, shall be deemed
         to be a contemplated change and not an alteration of the original
         obligation.

IN WITNESS WHEREOF, the said ASSURANCE MANAGING GENERAL AGENTS, INC. a Florida
corporation of Fort Lauderdale, Florida, and the said FEDERATED NATIONAL
INSURANCE COMPANY, a Florida Corporation of Pembroke Pines, Florida, have
affixed their signatures to this Agreement the day and year first above written.

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                            FEDERATED NATIONAL INSURANCE COMPANY

                            By:      /s/    Ronald A. Raymond
                              --------------------------------------------------
                                     President or Vice President

                                     /s/    Lisette Lozano
                            ----------------------------------------------------
                                     Witness

                            ASSURANCE MANAGING GENERAL AGENTS, INC.

                            By:      /s/    Edward J. Lawson
                               -------------------------------------------------
                                     President or Vice President

                                     /s/    Lisette Lozano
                            ----------------------------------------------------
                                     Witness

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                    PRODUCT LINE AUTHORIZATION ADDENDUM NO. 1

PRODUCT LINE:                Automobile Liability and Physical Damage

COMPANY:                     Federated National Insurance Company

COVERAGES AUTHORIZED:        MAXIMUM LIMITS OF LIABILITY

Liability                    $100/300/50
Uninsured Motorists          $100/300
Personal Injury              $10,000
Medical Payments             $500
Physical Damage              $50,000

ADVANCE COMMISSION RATE:     15% Policy Writing Fee 100%

AUTHORIZED TERRITORY:        Florida

MAXIMUM POLICY PERIOD:       12 Months

EFFECTIVE DATE:              August 1, 1998

PREMIUM REMITTANCE TIME:     45 Days

REPLACES ADDENDUM NO.:       1

The Company hereby authorizes the General Agent to transact business on behalf
of the Company under the terms and conditions set forth in the addendum and in
accordance with the terms and conditions of the General Agency Agreement to
which this addendum is attached. This authority is limited to the rules, rates
and underwriting guidelines that are filed with and approved by the insurance
departments of the state(s) in which the General Agent is authorized to do
business. The maximum annual premium volume that the General Agent is authorized
to write under this Agreement is $25,000,000 without prior written approval of
the Company.

The General Agent, by accepting this addendum, agrees to produce the authorized
class of business in accordance with the territory and limits of liability set
forth in this addendum and the Company's established underwriting requirements
for the product line. The General Agent agrees that policies and risks bound or
written by General Agent not in accordance with the conditions set forth in this
addendum and the General Agency Agreement to which it is attached, constitutes a
breach of the Agreement and any loss and expense shall be assumed by the General
Agent. In the event the Company sustains a loss on a policy or risk which the
General Agent has issued or bound which is not within the scope of his authority
under this addendum or General Agency Agreement to which it is attached, the
General Agent agrees to reimburse the Company for the amount of loss plus the
expenses incurred by the Company because of the loss.

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IN WITNESS WHEREOF, the parties hereto have caused this addendum to be signed in
Pembroke Pines, Florida this 1 day of August 1998.

                             FEDERATED NATIONAL INSURANCE COMPANY

                             By:      /s/    Ronald A. Raymond
                                ------------------------------------------------
                                      President or Vice President

                             Witness: /s/    Lisette Lozano
                                     -------------------------------------------

                             ASSURANCE MANAGING GENERAL AGENTS, INC.

                             By:      /s/     Edward J. Lawson
                                ------------------------------------------------
                                      President or Vice President

                             Witness: /s/    Lisette Lozano
                                     -------------------------------------------

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                    PRODUCT LINE AUTHORIZATION ADDENDUM NO. 2

PRODUCT LINE:                Mobile Home Owners & Mobile Home Physical Damage

COMPANY:                     Federated National Insurance Company

COVERAGES AUTHORIZED:        MAXIMUM LIMITS OF LIABILITY

Mobile Home,
Appurtenant Structures,
Contents & Additional
Living Expense
(Combined):                  $120,000.00
Personal Liability           $100,000.00

ADVANCE COMMISSION RATE:     22% Policy Writing Fee 100%

AUTHORIZED TERRITORY:        Florida

MAXIMUM POLICY PERIOD:       12 Months

EFFECTIVE DATE:              October 1,1997

PREMIUM REMITTANCE TIME:     45 Days

REPLACES ADDENDUM NO.:       N/A

The Company hereby authorizes the General Agent to transact business on behalf
of the Company under the terms and conditions set forth in the addendum and in
accordance with the terms and conditions of the General Agency Agreement to
which this addendum is attached. This authority is limited to the rules, rates
and underwriting guidelines that are filed with and approved by the insurance
departments of the state(s) in which the General Agent is authorized to do
business. The maximum annual premium volume that the General Agent is authorized
to write under this Agreement is $5,000,000 without prior written approval of
the Company.

The General Agent, by accepting this addendum, agrees to produce the authorized
class of business in accordance with the territory and limits of liability set
forth in this addendum and the Company's established underwriting requirements
for the product line. The General Agent agrees that policies and risks bound or
written by General Agent not in accordance with the conditions set forth in this
addendum and the General Agency Agreement to which it is attached, constitutes a
breach of the Agreement and any loss and expense shall be assumed by the General
Agent. In the event the Company sustains a loss on a policy or risk which the
General Agent has issued or bound which is not within the scope of his authority
under this addendum or General Agency Agreement to which it is attached, the
General Agent agrees to reimburse the Company for the amount of loss plus the
expenses incurred by the Company because of the loss.

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IN WITNESS WHEREOF, the parties hereto have caused this addendum to be signed in
Fort Lauderdale, Florida this 1 day of August, 1998.

                             FEDERATED NATIONAL INSURANCE COMPANY

                             By:      /s/    Ronald A. Raymond
                               -------------------------------------------------
                                      President or Vice President

                                      /s/    Lisette Lozano
                             ---------------------------------------------------
                                      Witness

                             ASSURANCE MANAGING GENERAL AGENTS, INC.

                             By:      /s/    Edward J. Lawson
                                ------------------------------------------------
                                      President or Vice President

                                      /s/    Lisette Lozano
                             ---------------------------------------------------
                                      Witness

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                    PRODUCT LINE AUTHORIZATION ADDENDUM NO. 3

PRODUCT LINE:                Home Owners

COMPANY:                     Federated National Insurance Company

COVERAGES AUTHORIZED:        MAXIMUM LIMITS OF LIABILITY

Home, Appurtenant Structures,
Contents & Additional
Living Expense
(Combined):                  $750,000.00
Personal Liability           $500,000.00

ADVANCE COMMISSION RATE:     15% Policy Writing Fee 100%

AUTHORIZED TERRITORY:        Florida

MAXIMUM POLICY PERIOD:       12 Months

EFFECTIVE DATE:              March 1,1999

PREMIUM REMITTANCE TIME:     45 Days

REPLACES ADDENDUM NO.:       N/A

The Company hereby authorizes the General Agent to transact business on behalf
of the Company under the terms and conditions set forth in the addendum and in
accordance with the terms and conditions of the General Agency Agreement to
which this addendum is attached. This authority is limited to the rules, rates
and underwriting guidelines that are filed with and approved by the insurance
departments of the state(s) in which the General Agent is authorized to do
business. The maximum annual premium volume that the General Agent is authorized
to write under this Agreement is $5,000,000 without prior written approval of
the Company.

The General Agent, by accepting this addendum, agrees to produce the authorized
class of business in accordance with the territory and limits of liability set
forth in this addendum and the Company's established underwriting requirements
for the product line. The General Agent agrees that policies and risks bound or
written by General Agent not in accordance with the conditions set forth in this
addendum and the General Agency Agreement to which it is attached, constitutes a
breach of the Agreement and any loss and expense shall be assumed by the General
Agent. In the event the Company sustains a loss on a policy or risk which the
General Agent has issued or bound which is not within the scope of his authority
under this addendum or General Agency Agreement to which it is attached, the
General Agent agrees to reimburse the Company for the amount of loss plus the
expenses incurred by the Company because of the loss.

                                       14
<PAGE>
IN WITNESS WHEREOF, the parties hereto have caused this addendum to be signed in
Fort Lauderdale, Florida this 1 day of August, 1998.

                             FEDERATED NATIONAL INSURANCE COMPANY

                             By:      /s/    Ronald A. Raymond
                               -------------------------------------------------
                                      President or Vice President

                                      /s/    Lisette Lozano
                             ---------------------------------------------------
                                      Witness

                             ASSURANCE MANAGING GENERAL AGENTS, INC.

                             By:      /s/    Edward J. Lawson
                                ------------------------------------------------
                                      President or Vice President

                                      /s/    Lisette Lozano
                             ---------------------------------------------------
                                      Witness

                                       15EXHIBIT 10.23
                        MANAGING GENERAL AGENCY AGREEMENT

         Agreement made as of    Sept. 4, 2001      between:

         AMERICAN VEHICLE INSURANCE COMPANY (the "Company"), an insurance
company organized under the laws of Florida and

         ASSURANCE MANAGING GENERAL AGENTS, INC. (the "General Agent"), a
Florida corporation.

         WHEREAS, the Company is a property and casualty company authorized to
issue private passenger automobile insurance policies in the State of Florida
(the "Policies"); and

         WHEREAS, the Company wishes to engage the General Agent to provide
statistical reports, underwrite, market, administer and manage the Policies; and

         WHEREAS, the General Agent desires to market, underwrite, administer
and manage the Policies on behalf of the Company under the direction and
supervision of the Company.

         NOW, THEREFORE, it is agreed as follows:

                       ARTICLE I - TERM AND AUTHORIZATION

1.1      Term. The term of this Agreement shall commence as of the date of this
         Agreement (the "Effective Date") and shall continue in full force and
         effect until terminated (as elsewhere provided in this Agreement).

1.2      Authorization. The Company grants General Agent the following
         authority:

         1.2.1    To solicit and process applications for new and renewal
                  Policies solely in the State of Florida for the coverages and
                  maximum limits of liability set forth on Schedule A.

         1.2.2    To issue insurance binders for Policies.

         1.2.3    To rate quote and issue Policies based on underwriting
                  guidelines, rates and insurance contracts approved by the
                  Company and, to the extent required, properly approved and
                  filed with the Florida Department of Insurance (the
                  "Department").

         1.2.4    To make customary endorsement, changes, transfers, and
                  modifications of existing Policies.

         1.2.5    To solicit Policies through duly licensed insurance agents and
                  brokers.

                                  Page 1 of 16
<PAGE>
         1.2.6    To collect and account for premiums and endorse checks payable
                  to the Company, if such checks are received by the General
                  Agent in the regular course of its duties to collect premium
                  monies on the Company's behalf.

         1.2.7    To provide proper and timely cancellation or non-renewal
                  notice to policy holders, certificate holders and regulatory
                  bodies as required by the policy, any statute or regulation,
                  any regulatory order or by the Company.

                          ARTICLE II - REPRESENTATIONS

2.1      Company's Representations. The Company hereby represents and warrants
         to the General Agent that the Company is a corporation duly organized,
         validly existing, and in good standing under the laws of the State of
         Florida and has all requisite corporate power and authority and all
         required Florida insurance licenses to enter into this Agreement.

2.2      General Agent's Representations. The General Agent hereby represents
         and warrants to the Company that the General Agent is a corporation
         duly organized, validly existing, and in good standing under the laws
         of the State of Florida, and has all requisite corporate power and
         authority and all required Florida insurance licenses to enter into
         this Agreement.

             ARTICLE III - LIMITATIONS ON GENERAL AGENT'S AUTHORITY

3.1      The General Agent shall not hold itself out as an agent of the Company
         in any other manner or for any other purpose than is specifically
         prescribed in this Agreement.

3.2      The General Agent shall not institute, prosecute, defend or maintain
         any legal proceedings in which the Company is named as a party without
         the Company's prior written consent.

3.3      The General Agent shall not incur an indebtedness on behalf of the
         Company.

3.4      The General Agent shall not appoint agents or sub-agents on behalf of
         the Company; however, the General Agent may register duly licensed
         insurance agents with the State of Florida.

3.5      The General Agent shall have no authority to adjust or settle claims on
         behalf of the Company.

3.6      The General Agent shall have no authority to negotiate, cede, or accept
         reinsurance on behalf of the Company.

3.7      The General Agent has no authority to directly or indirectly solicit,
         sell, offer, bind, issue or deliver any insurance at any reduction or
         deviation from the rates, terms or conditions specified by the Company.
         The General Agent will adhere strictly to the rates and forms
         promulgated and filed by the Company.

                                  Page 2 of 16
<PAGE>
3.8      The General Agent, without prior approval of the insurer, shall not pay
         or commit the insurer to pay a claim over a specified amount, net of
         reinsurance, which exceeds 1 percent of the insurer's policyholders
         surplus as of December 31 of the last completed calendar year.

3.9      The General Agent shall not collect any payment from a reinsurer or
         commit the insurer to any claims settlement with a reinsurer without
         prior approval of the insurer.

                    ARTICLE IV - GENERAL AGENT'S OBLIGATIONS

4.1      Policy and Claim Services. General Agent shall, at General Agent's
         expense, provide Policy administration services as provided in Schedule
         B and shall pay claims approved by the Company or its designated
         representative as provided in Schedule D. General Agent will promptly
         report to the Company all Claims or suits arising under the Policies
         written or bound under this Agreement and all claims or suits against
         the Company relating to any matter to which the provisions of this
         Agreement apply. Further, the General Agent will cooperate fully in the
         investigation and adjustment of all claims and suits and will provide
         the Company or its designees with all requested information relevant to
         this adjustment or defense of such claims or suits, including copies of
         any Policies or other documentation, immediately upon demand.

4.2      Licenses. The General Agent shall possess on the Effective Date and
         maintain all licenses required to perform its obligations under this
         Agreement.

4.3      Statistical Information. The General Agent agrees to provide the
         Company with all pertinent statistical information as requested by the
         Company in the form required by the Company.

         4.3.1    All reports due the Company under this Article (whether in
                  hard copy or maintained on computers) shall be forwarded to
                  the Company within seven (7) days after the end of each month.
                  The electronic data files maintained by General Agent shall be
                  transferred to the Company as frequently as reasonably
                  requested.

         4.3.2    The General Agent shall provide the Company with all requested
                  information, reports and statistical data reasonably requested
                  by the Company in a printed format that is acceptable to the
                  Company. The Company will limit its request to the following:

                  1)       Reports that may be supplied by SIS in its standard
                           reporting format,

                  2)       Reports utilized for the purpose of rate making
                           statistics and/or accounting reports:

                  The General Agent will also be responsible to generate and
                  furnish the following reports:

                                  Page 3 of 16
<PAGE>
                           a)       Any motor vehicle or residential /
                                    commercial information including insured
                                    information required by the State of Florida
                                    in order to satisfy any current or future
                                    legal statute or regulation which includes
                                    delivery to the proper governmental agency
                                    in acceptable format.

                           b)       Any required statistical information for the
                                    purpose of reporting to NISS. The General
                                    Agent will furnish statistical reports in
                                    the NISS report format. All required reports
                                    shall be furnished by the General Agent
                                    accurately and promptly to allow the Company
                                    to prepare pertinent reports required by
                                    NAIC or NISS.
4.4      Premiums.

         4.4.1    The General Agent agrees to pay the Company all premiums on
                  business produced by the General Agent on behalf of the
                  Company, whether or not collected by the General Agent from
                  insureds. All premiums received by the General Agent pursuant
                  to this Agreement will be held by the General Agent in a
                  fiduciary capacity as trustee for the Company. The General
                  Agent does not possess the funds collected for any other
                  reason. The privilege of taking commissions from premium
                  monies received by the General Agent will not be construed as
                  an alteration of this fiduciary capacity.

         4.4.2    Premium Account. The General Agent in a fiduciary capacity
                  shall make a daily deposit of all premiums received, net of
                  producing sub-agents commission, into a bank that is a member
                  of the Federal Reserve System. The account is controlled and
                  owned by the Company and titled "Premium Trust Account". Any
                  premium or other receipt, shall be deposited on the same day
                  it is received unless, due to reasons beyond the General
                  Agents control such as late or delayed mail, same day deposit
                  is not practical in which event such premium will be deposited
                  on the next business day.

         4.4.3    The General Agent shall reconcile cash deposited to the
                  Premium Trust Account with the report on a weekly basis.

         4.4.4    The General Agent shall withdraw from separate account called
                  the "Premium Operating Account" on a weekly basis, an amount
                  sufficient to pay the General Agent Commission, return premium
                  due policyholders, sub-agents and/or premium finance
                  companies, and managing general agent's fee. The Premium
                  Operating Account will be maintained at the same bank as the
                  Premium Trust Account. The General Agent shall only make
                  withdrawals based on Company wire transferred funds which are
                  supported by the report and on Policies which have been
                  recorded and the premiums deposited. Any return premium or
                  commission due the Company shall be deposited in the Premium
                  Trust Account.

                                  Page 4 of 16
<PAGE>
         4.4.5    The Company's acceptance of any deposit of funds to the
                  Premium Trust Account, or any transfer of funds to or from the
                  Operating Account, shall not constitute the Company's
                  acceptance of the accuracy of any report submitted by the
                  General Agent to the Company.

         4.4.6    The General Agent will issue and submit to the Company all
                  Policies, endorsements and cancellations within thirty (30)
                  days of the effective date of the Policy, endorsement or
                  cancellation, respectively.

         4.4.7    The General Agent will submit to the Company a detailed and
                  itemized monthly Account Current of all premiums written and
                  premium adjustments made (whether additional or return) with
                  respect to all business and transactions effective in that
                  month not later than the fifteenth (15th) day of the
                  subsequent month. For example, binders, policies, monthly
                  reports and endorsements effective in December are to be
                  reported no later than January 15. The Company, however, will
                  have the privilege, exercisable at its option, of preparing
                  the Account Current.

         4.4.8    The General Agent agrees to provide the Company with all
                  pertinent statistical information as requested by the Company
                  in the form required by the Company.

         4.4.9    The General Agent will be responsible for conducting a quality
                  assurance program for all premium, accounting and statistical
                  reports and all Policy transactions to assure compliance with
                  all terms of this Agreement and reconciliation procedures.

         4.4.10   If the General Agent is delinquent in either accounting for or
                  paying monies due to the Company, then Company may, suspend or
                  modify any of the provisions of this Agreement or terminate
                  this Agreement if the delinquency is not corrected within ten
                  (10) business days of Company providing written notice to the
                  General Agent of existing delinquency.

4.5      Books, Accounts and Records.

         4.5.1    The General Agent will keep complete and accurate records of
                  the business transacted by it under this Agreement, including,
                  but not limited to, all Policy and premium records created by
                  it during the term of this Agreement. Such records will be
                  retained by the General Agent while this Agreement is in
                  effect and for seven (7) years after termination of this
                  Agreement. In addition, the General Agent will forward to the
                  Company such reports of said business as the Company may
                  prescribe. The General Agent will be responsible for retaining
                  all Policy and premium records on behalf of the Company in
                  hard copy form, microfilm and/or other generally accepted
                  information storage medium, as well as in any reasonable
                  back-up form requested by the Company for the period described
                  above. The Company will have the right to examine said books,
                  files and records at any time during normal business hours at
                  the Company's expense, and to make such records as it may deem
                  necessary. All books, accounts or other documents relating to
                  the business of the Company, except computer software systems,
                  are the property of the Company whether paid for by it or not.

                                  Page 5 of 16
<PAGE>
                  The books and accounts of the Company will be accepted as full
                  and final evidence in all matters relating to this Agreement.

         4.5.2    The Company may examine all books and records of the General
                  Agent pertaining to business written under this Agreement at
                  any time during normal business hours at the Company's expense
                  on the premises of the General Agent. Further, the Company may
                  make copies of all books and records described herein.

         4.5.3    If this Agreement terminates, the General Agent will forward
                  to the Company all supplies and Policy files pertaining to the
                  terminated Underwriting Program and will return all unused
                  policy forms with an accounting of all such Policies provided
                  to the General Agent.

         4.5.4    The provisions of this Section 4.5 which are binding upon the
                  parties subsequent to the termination of this Agreement, will
                  survive such termination until all obligations are finally
                  discharged.

4.6      Agents' Commissions. The General Agent shall accept business on behalf
         of the Company only from duly licensed insurance brokers and agents.
         The General Agent shall pay commissions due such brokers and agents.
         The General Agent shall not pay less than 13% commission on automobile
         policies without written approval from Company. The General Agent shall
         be liable to the Company for any return commission due from such
         brokers and agents, whether or not such return commission has been
         collected by the General Agent.

4.7      Coverage Confirmation. The General Agent shall allow the Company to
         confirm coverage for each reported claim by supplying the Company (or
         its duly authorized claim adjusters) a copy of the Policy, declarations
         page, and all applicable endorsements.

              ARTICLE V - GENERAL AGENT'S COMPENSATION AND EXPENSES

5.1      Compensation. The General Agent will be responsible for all expenses
         incurred by it in the performance of its obligation under this
         Agreement including, but not limited to, rentals, transportation
         facilities, remuneration of clerks, solicitors or other employees,
         postage office upkeep, promotional and advertising expenses, traveling
         expenses, and city license fees. The conduct by the General Agent of
         its business will be its own sole cost, credit, risk and expense.

         5.1.1    The General Agent will be responsible for all expenses in
                  connection with solicitation of insurance or performance of
                  any duties or obligations of the General Agent including, but
                  not limited to, all countersignature fees and commissions, and
                  all commissions to sub-producers. The General Agent will not
                  charge or commit the Company to any expense, agreement,
                  payment, debt or obligation other than the insurance expressly
                  described in the Addenda hereto which the General Agent is
                  authorized to write. The Company will supply the General Agent
                  with policy jackets, bank checks and drafts.

                                  Page 6 of 16
<PAGE>
5.2      Expenses. Subject to the terms and conditions of this Agreement, the
         General Agent's sole remuneration for all services that the General
         Agent may perform for the Company under this Agreement will be its
         commissions at the rates set forth in Addenda to this Agreement. Unless
         otherwise agreed, such commissions will include the complete
         compensation to the General Agent for its service under this Agreement.
         Under no circumstances will the General Agent receive commissions for
         premiums which the General Agent has failed to collect and which the
         Company has collected. For such premiums as are collected by the
         Company, the General Agent will receive credit for the premium in the
         parties' mutual account. In the event of Policy cancellation or an
         endorsement resulting in a premium return to a policyholder, the
         General Agent will be responsible for refunding to Company the entire
         amount of any commission paid or allowed on the returned premium,
         including commissions to sub-producers.

                          ARTICLE VI - INDEMNIFICATION

6.1      The General Agent agrees to indemnify and save the Company, its
         affiliates and subsidiaries and their officers, directors, and
         employees harmless from any damage and against any liability for loss,
         cost, expenses, fines, penalties, including punitive or exemplary
         damages and all cost of defense: (1) resulting from any act, error or
         omission, whether intentional or unintentional, by the General Agent
         and its officers, directors, and employees, related to or arising out
         of the business covered by this Agreement; or (2) resulting from any
         obligation, act or transaction created or performed by the General
         Agent in violation of, in excess of, or in contravention of the power
         and authority of the General Agent set forth in this Agreement.

         6.1.1    The Company will choose defense counsel for all claims or
                  suits described in Article VI and defend itself. The General
                  Agent will pay all expense for such claims or suits. The
                  Company will decide, in its sole opinion, whether such claims
                  or suits may be settled.

         6.1.2    The General Agent expressly authorizes the Company without
                  precluding the Company from exercising any other remedy it may
                  have, to charge against all compensation due or to become due
                  to the General Agent under this Agreement any monies paid or
                  liabilities incurred by the Company by reason of any
                  occurrence described herein.

         6.1.3    Provided the General Agent is in compliance with all terms and
                  conditions of this Agreement and further provided General
                  Agent will not have caused or contributed to the making of a
                  claim on one or more policy(ies) of insurance which General
                  Agent has issued and/or bound, then the Company will indemnify
                  and hold harmless the General Agent, its directors, officers
                  and employees for any damage and against any liability of
                  loss, cost, expenses, fines, penalties including punitive or
                  exemplary damages and all cost of defense, arising from a
                  claim on said insurance policy(ies) which assert the liability
                  of the General Agent for all or part of the loss to claimant,
                  insured or any other party involved in the claim on the
                  policy(ies).

                                  Page 7 of 16
<PAGE>
         6.1.4    The Company will choose defense counsel for all claims or
                  suits described in Section 6.1.3 and defend itself. The
                  Company will pay all cost of defense for such claims or suits
                  and decide, in its sole opinion, whether such claims or suits
                  may be settled.

                            ARTICLE VII - TERMINATION

7.1      Termination. This Agreement may be terminated as provide below:

7.1.1    Without cause by either party upon no less than seventy-five (75) days
         prior written notice to the other party.

         a)       The insurer may suspend the underwriting authority of the
                  Managing General Agent during the pendency of any dispute
                  regarding the cause for termination. The insurer or Managing
                  General Agent must fulfill any obligations on policies,
                  regardless of any dispute

         7.1.2    Upon the occurrence of an Event of Default (as defined below),
                  the non-defaulting party may cancel and terminate this
                  Agreement upon five (5) business days notice to the other
                  party.

         7.1.3    The following shall be Events of Default by either party:

         a)       Default in the observance or performance of any material
                  covenant or obligation to be performed under this Agreement
                  and the failure to cure such default within ten (10) business
                  days after notice of such default bas been given to the
                  defaulting party; provided, however, that if the default is of
                  such a nature that it cannot reasonably be cured within such
                  ten (10) day period, the defaulting party will nevertheless be
                  deemed in default unless within such period it commences to
                  cure the default and thereafter diligently and continuously
                  continues to and does cure same within a reasonable period of
                  time thereafter.

         b)       Cessation of either party's business as a going concern.

         c)       Insolvency of either party, or the filing by it, or its
                  consent to the filing, of a petition under the Bankruptcy
                  Code, or the appointment of a receiver, assignee or other
                  liquidating officer for all or substantially all of such
                  party's assets.

         d)       The filing of an involuntary petition against either party
                  under the Bankruptcy Code which remains undismissed for thirty
                  (30) days or more following its filing.

         e)       If any public authority cancels or declines to renew any
                  license required by either party under this Agreement.

                                  Page 8 of 16
<PAGE>
         f)       If either party commits any fraudulent act or act of gross
                  negligence or willful misconduct.

         g)       A transfer, sale, or pledge of the majority of the stock or a
                  substantial portion of the assets of the General Agent unless
                  this Agreement is assigned by the Company's express written
                  consent.

         h)       If at any time the incurred loss ratio combined with the
                  incurred allocated loss adjusted expense ratio reaches greater
                  than 90% as determined by acceptable actuarial methodology.

7.2      Rights and Obligations after Termination.

         7.2.1    If this Agreement is properly terminated as a result of the
                  occurrence of an Event of Default, and the expiration of any
                  grace period hereunder, the non-defaulting party shall be
                  entitled to all rights and remedies available at law or in
                  equity; provided, however, that neither party shall have a
                  claim against the other for consequential damages, such as
                  loss of prospective profit or damage to the business resulting
                  therefrom.

         7.2.2    Upon termination of this Agreement for any reason the Company
                  shall have the option, with respect to all Policies and claims
                  then being serviced by General Agent, on notice to General
                  Agent, to (i) require General Agent to promptly turn over to
                  the Company all Policy records so that the Company may itself,
                  or cause others to, run off existing business, or (ii) require
                  that General Agent run off existing business by continuing to
                  provide Policy administration in accordance with this
                  Agreement.

         7.2.3    If the Company elects the option set forth under subparagraph
                  7.2.2 (i) above, General Agent shall promptly deliver the
                  documents mentioned therein to the Company at General Agent's
                  sole expense and thereafter General Agent shall have no
                  further responsibility for Policy administration hereunder and
                  shall not be compensated for any such discontinued services.
         7.2.4    If the Company elects the option set forth under subparagraph
                  7.2.2 (ii) above, and for so long as the Company so elects,
                  General Agent shall continue to perform its obligations under
                  this Agreement in accordance with the terms hereof. The
                  General Agent shall be obligated to perform the duties
                  necessary to the servicing of all Policies in force until all
                  liability of the Company underlying such Policies issued
                  pursuant to this Agreement shall have expired or been
                  terminated. Such service shall consist of, but shall not
                  necessarily be limited to, Policy cancellations, amendatory
                  endorsements, payment of return premiums, collection of
                  additional premiums and claims information.

         7.2.5    Upon termination of this Agreement, provided that the General
                  Agent has performed all of its obligations required to be
                  performed hereunder, the General Agent's records and documents
                  and the right to renew the in-force business shall remain the
                  property of the General Agent and shall be left in the General
                  Agent's possession. In the event this Agreement is terminated
                  by the Company under Section 7.1.3(a) through (g), or in the
                  event the General Agent fails to perform all of its

                                  Page 9 of 16
<PAGE>
                  obligations under this Agreement, then in such event the right
                  to renew the in-force Policies shall belong to the Company.

                            ARTICLE VII - ARBITRATION

8.1      The Company and the General Agent hereby mutually agree that one of the
         remedies for resolving any and all disputes arising with respect to or
         in connection with this Agreement, including any disputes regarding the
         cancellation or rescission of this Agreement, shall be arbitration as
         herein provided.

8.2      All issues for arbitration shall be referred to disinterested
         arbitrators, one being chosen by each party to the particular dispute.
         The arbitrators so selected shall select an umpire within thirty (30)
         days after appointment. In the event the arbitrators so not agree as to
         the umpire within thirty (30) days, the umpire shall be chosen by the
         American Arbitration Association. Should any party fail to chose its
         arbitrator within thirty (30) days after receipt of written notice from
         the party requesting arbitration, the arbitrator for such party shall
         be chosen by the American Arbitration Association.

8.3      To the extent that they consider substantive rules of law, the
         arbitrators should look to the substantive rules of law of the State of
         Florida s the law governing this Agreement; however, the arbitrators
         shall consider this Agreement and honorable engagement rather than
         merely a legal obligation, and they are relieved of all judicial
         formalities and may abstain from following the strict rules of law. The
         decision and award of the majority of the arbitrators shall be final
         and binding upon the parties to the particular dispute, and all other
         parties as well. Judgement may be entered upon the award of arbitrators
         in any Court of the United States having jurisdiction thereover.

8.4      The arbitrators shall be active or retired officers of insurance
         companies not under the control or management of any party to this
         Agreement. Arbitration shall take place in Tallahassee, Florida, unless
         the parties in dispute agree otherwise. The United States Federal
         Arbitration Act applies to this Agreement.

8.5      Each party shall bear the expense of its own chosen arbitrator, and
         shall jointly and equally bear with the others the expense of the
         umpire and of the arbitration.

                           ARTICLE IX - MISCELLANEOUS

9.1      Any notice or other communication required or permitted to be given
         under this Agreement shall be in writing and shall be deemed duly given
         (i) when received if delivered personally, by any recognized courier
         service, or (ii) three (3) days after mailing, if sent by registered or
         certified mail, return receipt requested, in each case addresses to the
         party for whom it is intended at the following address or such other
         address as the party may designate from time to time by notice given
         pursuant hereto.

                                 Page 10 of 16
<PAGE>
                  For the Company:
                           American Vehicle Insurance Company
                           4161 N.W. 5 Street
                           Plantation, Florida 33317
                           Attn: Richard A. Widdicombe

                  For the General Agent:
                           Assurance Managing General Agents, Inc.
                           4161 N.W. 5 Street
                           Plantation, Florida 33317
                           Attn: Michele V. Lawson

9.2      This Agreement shall be constructed in accordance with the laws of the
         State of Florida without giving effect to conflict of law principles.

9.3      Nothing herein shall create the relationship of employer and employee,
         partners or joint ventures between the Company and the General Agent,
         it being understood and agreed that the General Agent is an independent
         contractor for the purposes set forth herein with all rights, powers
         and duties as such.

9.4      The General Agent shall not assign this Agreement or any right
         hereunder.

9.5      The failure of the Company or General Agent to insist on strict
         compliance with this Agreement, or to exercise any right or remedy
         hereunder, shall not constitute a waiver of any rights contained herein
         or stop the parties from thereafter demanding full and complete
         compliance therewith, nor prevent the parties from exercising any right
         or remedy in the future.

9.6      If any provisions of this Agreement should be found to be invalid or
         unenforceable, the remaining provisions of this Agreement shall remain
         in full force and effect.

9.7      This Agreement may not be changed, nor may any provision hereof be
         waived, except by a writing signed by both parties hereto.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by
their duly authorized officers as of the day and year first above written.

                                 Page 11 of 16
<PAGE>
AMERICAN VEHICLE INSURANCE COMPANY

By:     /s/    Richard A. Widdicombe
  ---------------------------------------------------

ASSURANCE MANAGING GENERAL AGENTS, INC.

By:    /s/    Michele Lawson
  ----------------------------------------------------

                                 Page 12 of 16
<PAGE>
                                   SCHEDULE A
                   (COVERAGES AND MAXIMUM LIMITS OF LIABILITY)

                     AUTOMOBILE LIABILITY & PHYSICAL DAMAGE

Coverage                                     Limits of Liability
--------                                     -------------------

Liability                                    $100 / 300 / 50

Uninsured Motorists                          $100 / 300

Personal Injury                              $10,000

Medical Payments                             $500

Physical Damage                              $50,000

                                 Page 13 of 16
<PAGE>
                                   SCHEDULE B

                         POLICY ADMINISTRATION SERVICES

1.       Assist the Company in developing Underwriting and Producer Guidelines
         and modifications thereto for the underwriting program, to be approved
         by the Company in writing prior to use, which use will include
         advertising, program implementation and binding insurance coverage.

2.       Process applications for insurance.

3.       Collect and account for premiums and endorse checks payable to the
         Company, if such checks are received by the General Agent in the
         regular course of its duties to collect premium monies on the Company's
         behalf.

4.       Rate, quote and issue policies of insurance and certificates of
         insurance consistent with the Company's rate, rule and form filings
         made or adopted in writing by the Company, and the authority granted
         herein, as well as to provide policy information services for insureds.

5.       Develop and maintain proper underwriting files on behalf of the Company
         in accordance with Section 4.5.

6.       Use best efforts and good faith to achieve an underwriting profit on
         all business placed with the Company.

7.       Provide proper and timely cancellation or non-renewal notice to
         policyholders, certificate holders and regulatory bodies as required by
         the policy, any statute or regulation, any regulatory order or by the
         Company.

8.       Remit premiums received net of the compensation due to the General
         Agent, in accordance with the provisions of Section 4.4, entitled
         "Premiums".

9.       Adhere to Florida laws, regulations and bulletins pertaining to motor
         vehicle and casualty insurance contracts including but not limited to:

                          o      Policy cancellation or non renewal 627.728
                          o      Rate increase 627.7282
                          o      Unearned premiums 627.7283
                          o      Motor vehicle inspection 627.744 and 4.167.004
                          o      Premium finance cancellation

10.      Comply with conduct guidelines according to regulation 4.142.011.

11.      Maintain compliant handling procedures to record all complaints
         received since date of last examination.

                                 Page 14 of 16
<PAGE>
                                   SCHEDULE C

                          GENERAL AGENT'S COMPENSATION

The Company will allow the General Agent as compensation a fee equal to fifteen
(15%) percent of Net Written Premium for automobile (i.e. gross premiums
written, less cancellations and return premiums) with General Agent retaining a
twenty-five ($25) dollar fee per policy.

                                 Page 15 of 16
<PAGE>
                                   SCHEDULE D

                          DRAFT AUTHORITY AND ISSUANCE

1.       Enter data into the claims management system of General Agent.

2.       Pay all qualified claims and allocated loss adjustment expenses timely
         out of funds provided by the Company after the Company's claims
         representative has prepared the draft requests.

3.       Draw upon a bank account (the "Loss Payment Account") which shall be
         established by the Company for payment of claims. Such authority may be
         revoked at any time by the Company upon written notice. The Loss
         Payment Account will be initially set at ______ and will be replenished
         monthly by the Company to an amount equal to two (2) months estimated
         paid. The Company may review the adequacy of the account at any time
         and increase or decrease the account as necessary. The General Agent
         shall be required upon the request of the Company, to remit promptly
         any funds in the account in excess of the required amount as determined
         by the Company.

4.       Use only those persons to whom the Company specifically grants
         authority in writing to issue a check upon the Loss Payment Account.
         Such authority may be revoked upon written notice to the appropriate
         parties. The Company shall designate two (2) of General Agent's
         employees as authorized signatories on such account.

5.       Account for all checks as on hand, issued, voided or canceled, and
         provide a monthly account to the Company within fifteen (15) days after
         the end of the month for which the account is given. General Agent
         shall have the responsibility for balancing the Loss Payment Account. A
         duplicate copy of all bank statements shall be sent to the Company by
         General Agent. Copies of checks issued shall be available upon request
         by the Company.

6.       Provide monthly loss run reports to Company, by hard copy on paper and
         in an acceptable data format, detailing by report period, year to date
         and inception to date figures the following information by accident
         date: Policy number, claim number, state location number, total
         incurred expense, broken down by line of coverage, by cause of loss, by
         contract year, allocated loss adjustment expense, outstanding reserves
         and subrogation.

7.       Furnish to Company monthly documentation identifying all loss payments
         and allocated loss expenses.

8.       Furnish loss reports within seven (7) days after the end of the month
         for which they relate.

                                 Page 16 of 16

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