Document:

Endorsement No 1 effective June 1, 2015 to Interests And Liabilities Agreement

 

 
  

 EXHIBIT 10.59 
  

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – Lloyd’s
		
	DOC: May 31, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

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

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 CERTAIN UNDERWRITERS AT
LLOYD’S 
 (hereinafter called, with other participants, the “Reinsurer”) 

who are signatories hereto, each for the proportion underwritten and not one for another 

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

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

 

					
	 Contract Year 1
	  	Participation	 
	 Excess Layer 3
	  	 	13.000	% 
	 Excess Layer 4
	  	 	13.562	% 

  

					
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	8.346	% 
	 Excess Layer 4
	  	 	9.455	% 

 of the liability in the layer(s) described in the attached Contract including the same corresponding proportional
participation of the Reinsurers’ additional obligations set forth within the layer(s) upon which the Reinsurer participates described above. 

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – Lloyd’s
		
	DOC: May 31, 2015	  	

 

 
  

											
	 Contract Year 1

	 Excess Layer 3

	 Syndicate #
	  	Pseudonym	  	Participation	 	 	Initial	  	Date
	 1414
	  	ASC	  	 	3.500	% 	 		  	
	 2001
	  	AML	  	 	2.000	% 	 		  	
	 2010
	  	MMX	  	 	1.000	% 	 		  	
	 2791
	  	MAP	  	 	3.500	% 	 		  	
	 2987
	  	BRT	  	 	3.000	% 	 		  	

  

											
	 Contract Year 1

	 Excess Layer 4

	 Syndicate #
	  	Pseudonym	  	Participation	 	 	Initial	  	Date
	 609
	  	AUW	  	 	0.483	% 	 		  	
	 1084
	  	CSL	  	 	1.938	% 	 		  	
	 2001
	  	AML	  	 	2.906	% 	 		  	
	 2007
	  	NVA	  	 	1.938	% 	 		  	
	 2791
	  	MAP	  	 	3.391	% 	 		  	
	 2987
	  	BRT	  	 	2.906	% 	 		  	

  

											
	 Contract Year 2

	 Excess Layer 3

	 Syndicate #
	  	Pseudonym	  	Participation	 	 	Initial	  	Date
	 1414
	  	ASC	  	 	2.247	% 	 		  	
	 2001
	  	AML	  	 	1.284	% 	 		  	
	 2010
	  	MMX	  	 	0.642	% 	 		  	
	 2791
	  	MAP	  	 	2.247	% 	 		  	
	 2987
	  	BRT	  	 	1.926	% 	 		  	

  

											
	 Contract Year 2

	 Excess Layer 4

	 Syndicate #
	  	Pseudonym	  	Participation	 	 	Initial	  	Date
	 609
	  	AUW	  	 	0.337	% 	 		  	
	 1084
	  	CSL	  	 	1.351	% 	 		  	
	 2001
	  	AML	  	 	2.026	% 	 		  	
	 2007
	  	NVA	  	 	1.351	% 	 		  	
	 2791
	  	MAP	  	 	2.364	% 	 		  	
	 2987
	  	BRT	  	 	2.026	% 	 		  	

 All other Terms and Conditions detailed on the original fully executed Interests & Liabilities Agreement shall
remain unchanged. 

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – Lloyd’s
		
	DOC: May 31, 2015	  	

 

 
  

							
	Syndicate #	  	Pseudonym	  	Initial	  	Date
	 609
	  	AUW	  		  	
	 1084
	  	CSL	  		  	
	 1414
	  	ASC	  		  	
	 2001
	  	AML	  		  	
	 2007
	  	NVA	  		  	
	 2010
	  	MMX	  		  	
	 2791
	  	MAP	  		  	
	 2987
	  	BRT	  		  	

 The share attaching to this Contract is subscribed by the Underwriters, Members of the Syndicates the definitive numbers of
which and the proportions reinsured described above. 
 Signed in
                                , on this
             day of                     , 20    

 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – Lloyd’s
		
	DOC: May 31, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

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

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 AMLIN BERMUDA (BRANCH OF
AMLIN AG) 
 (hereinafter called, with other participants, the “Reinsurer”) 

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

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

 

					
	 Contract Year 1
	  	Participation	 
	 Excess Layer 3
	  	 	2.000	% 
	 Excess Layer 4
	  	 	1.938	% 

  

					
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	1.284	% 
	 Excess Layer 4
	  	 	1.351	% 

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

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – AMLN
		
	DOC: May 31, 2015	  	

 

 
  

 Signed in
                                , on this
             day of                     , 20    

 AMLIN BERMUDA (BRANCH OF AMLIN AG) 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
             day of                     , 20    

 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – AMLN
		
	DOC: May 31, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

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

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 ACE TEMPEST REINSURANCE
LIMITED 
 (hereinafter called, with other participants, the “Reinsurer”) 

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

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

 

					
	 Contract Year 1
	  	Participation	 
	 Excess Layer 3
	  	 	10.000	% 
	 Excess Layer 4
	  	 	10.000	% 

  

					
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	6.421	% 
	 Excess Layer 4
	  	 	6.970	% 

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

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – ACETR
		
	DOC: May 31, 2015	  	

 

 
  

 Signed in
                                , on this
             day of                     , 20    

 ACE TEMPEST REINSURANCE LIMITED 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
             day of                     , 20    

 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – ACETR
		
	DOC: May 31, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

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

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 ARCH REINSURANCE LTD.

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

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

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

 

					
	 Contract Year 1
	  	Participation	 
	 Excess Layer 3
	  	 	5.000	% 
	 Excess Layer 4
	  	 	0.000	% 

  

					
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	3.211	% 
	 Excess Layer 4
	  	 	0.000	% 

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

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – ARCHL
		
	DOC: May 31, 2015	  	

 

 
  

 Signed in
                                , on this
            day of                     , 20    

 ARCH REINSURANCE LTD. 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
             day of                     , 20    

 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – ARCHL
		
	DOC: May 31, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

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

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 DAVINCI REINSURANCE LTD.

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

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

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

 

					
	 Contract Year 1
	  	Participation	 
	 Excess Layer 3
	  	 	16.250	% 
	 Excess Layer 4
	  	 	16.250	% 

  

					
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	10.434	% 
	 Excess Layer 4
	  	 	11.327	% 

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

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – DAVI
		
	DOC: May 31, 2015	  	

 

 
  

 Signed in
                                , on this
             day of                     , 20    

 DAVINCI REINSURANCE LTD. 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
             day of                     , 20    

 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – DAVI
		
	DOC: May 31, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

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

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 EVEREST REINSURANCE COMPANY

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

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

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

 

					
	 Contract Year 1
	  	Participation	 
	 Excess Layer 3
	  	 	0.000	% 
	 Excess Layer 4
	  	 	10.000	% 

  

					
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	0.000	% 
	 Excess Layer 4
	  	 	6.970	% 

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

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – EVRST
		
	DOC: May 31, 2015	  	

 

 
  

 Signed in
                                , on this
             day of                     , 20    

 EVEREST REINSURANCE COMPANY 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
             day of                     , 20    

 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1–EVRST
		
	DOC: May 31, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

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

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 MONTPELIER REINSURANCE LTD.

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

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

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

 

					
	 Contract Year 1
	  	Participation	 
	 Excess Layer 3
	  	 	13.000	% 
	 Excess Layer 4
	  	 	13.000	% 

  

					
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	8.347	% 
	 Excess Layer 4
	  	 	9.061	% 

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

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – MONTP
		
	DOC: May 31, 2015	  	

 

 
  

 Signed in
                                , on this
             day of                     , 20    

 MONTPELIER REINSURANCE LTD. 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
             day of                     , 20    

 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – MONTP
		
	DOC: May 31, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

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

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 ODYSSEY REINSURANCE COMPANY

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

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

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

 

					
	 Contract Year 1
	  	Participation	 
	 Excess Layer 3
	  	 	4.000	% 
	 Excess Layer 4
	  	 	4.000	% 

  

					
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	2.568	% 
	 Excess Layer 4
	  	 	2.788	% 

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

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – ODY
		
	DOC: May 31, 2015	  	

 

 
  

 Signed in
                                , on this
             day of                     , 20    

 ODYSSEY REINSURANCE COMPANY 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
             day of                     , 20    

 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – ODY
		
	DOC: May 31, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

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

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 PARTNER REINSURANCE COMPANY
LTD. 
 (hereinafter called, with other participants, the “Reinsurer”) 

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

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

 

					
	 Contract Year 1
	  	Participation	 
	 Excess Layer 3
	  	 	5.500	% 
	 Excess Layer 4
	  	 	0.000	% 

  

					
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	3.532	% 
	 Excess Layer 4
	  	 	0.000	% 

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

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – PARTN
		
	DOC: May 31, 2015	  	

 

 
  

 Signed in
                                , on this
             day of                     , 20    

 PARTNER REINSURANCE COMPANY LTD. 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
             day of                     , 20    

 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – PARTN
		
	DOC: May 31, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

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

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 RENAISSANCE REINSURANCE,
LTD. 
 (hereinafter called, with other participants, the “Reinsurer”) 

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

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

 

					
	 Contract Year 1
	  	Participation	 
	 Excess Layer 3
	  	 	16.250	% 
	 Excess Layer 4
	  	 	16.250	% 

  

					
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	10.436	% 
	 Excess Layer 4
	  	 	11.326	% 

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

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – REN
		
	DOC: May 31, 2015	  	

 

 
  

 Signed in
                                , on this
             day of                     , 20    

 RENAISSANCE REINSURANCE, LTD. 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
             day of                     , 20    

 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-CAT-201-14	  	I&L Endorsement No. 1 – REN
		
	DOC: May 31, 2015Endorsement No 1 effective June 1, 2015 to Multi-Year Catastrophe Excess of Loss

 

 
  

 EXHIBIT 10.60 

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

  
  

			
	ARP-HCI-02-CAT-202-14	  	
		
	DOC: May 20, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

to the 
 MULTI-YEAR CATASTROPHE
EXCESS OF LOSS REINSURANCE CONTRACT 
 (hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 ENDURANCE SPECIALTY
INSURANCE LTD. 
 (hereinafter called, with other participants, the “Reinsurer”) 

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

SUBPARAGRAPH (a) OF PARAGRAPH (2) OF ARTICLE 6 – FLORIDA HURRICANE CATASTROPHE FUND shall now read as follows: 

The Reinsured shall provisionally purchase mandatory coverage, hereinafter referred to as “Actual FHCF Coverage,” from the Florida
Hurricane Catastrophe Fund (FHCF) with the following limit and retention: 
 i. 90.0% of $975,000,000 excess of $345,000,000 (mandatory
layer). 
 The provisional limit and retention above may increase or decrease in accordance with the provisions of the reimbursement contract
between the Reinsured and the State Board of Administration of the State of Florida (SBA). 
 SUBPARAGRAPH (d) OF PARAGRAPH (2) OF ARTICLE
6 – FLORIDA HURRICANE CATASTROPHE FUND shall now read as follows: 
 “Deemed FHCF Coverage” shall have the
following provisional limit and retention: 
 i. 90.0% of $940,000,000 excess of $332,000,000. 

The Deemed FHCF Coverage for this Contract shall be based on the mandatory FHCF premium for the Reinsured’s Business Covered under this
Contract evaluated as of June 30, 2015, and the 2015 FHCF Payout and Retention Multiples. The provisional limit and retention above may increase or decrease in accordance with the provisions of the reimbursement contract between the Reinsured
and the State Board of Administration of the State of Florida (SBA). 

  
  

			
	ARP-HCI-02-CAT-202-14	  	Endorsement No. 1 – ENDURB
		
	DOC: May 20, 2015	  	

 

 
  

 PARAGRAPH (5) OF ARTICLE 15 – CONFIDENTIALITY shall read as follows: 

With regard to any personally identifiable information of the insured under the Reinsured’s Policy to which the Reinsurer or its
representatives may have access, the Reinsurer shall agree to be bound by the insurance privacy laws of the state in which the Policy is issued and any applicable U.S. federal law and shall keep such information secure in accordance with U.S.
insurance industry standards or that of the Reinsurer’s country of domicile, whichever standards are higher. 
 ARTICLE 36 –
TERRITORY shall now read as follows: 
 The territorial limits of this Contract shall be identical with those of the Reinsured’s
Policies. 
 SCHEDULE B shall now read as attached. 

All other Terms and Conditions remain unchanged. 

Signed in
                                , on this
             day of                     , 20    

 ENDURANCE SPECIALTY INSURANCE LTD. 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
             day of                     , 20    

 HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-CAT-202-14	  	Endorsement No. 1 – ENDURB
		
	DOC: May 20, 2015	  	

 

 
  

 SCHEDULE B 

MULTI-YEAR CATASTROPHE EXCESS OF LOSS REINSURANCE CONTRACT 

EFFECTIVE: JUNE 1, 2014 

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

 

									
	 Contract Year 2
	  	Excess
Layer 3	 	 	Excess
Layer 4	 
	 Reinsured’s Retention
	  	$	104,000,000	  	 	$	332,000,000	  
	 Reinsurer’s Per Occurrence Limit
	  	$	228,000,000	  	 	$	94,000,000	  
	 Reinsurer’s Contract Limit
	  	$	456,000,000	  	 	$	188,000,000	  
	 Rate on Line
	  	 	29.95	% 	 	 	18.14	% 
	 Exposure Rate
	  	 	****	% 	 	 	****	% 
	 Minimum Premium
	  	$	****	  	 	$	****	  
	 Deposit Premium
	  	$	****	  	 	$	****	  
	 Deposit Payment Schedule:
	  				 			
	 Installment Due June 1, 2015
	  	$	****	  	 	$	****	  
	 Installment Due September 1, 2015
	  	$	****	  	 	$	****	  
	 Installment Due January 1, 2016
	  	$	****	  	 	$	****	  
	 Installment Due April 1, 2016
	  	$	****	 * 	 	$	****	 * 

  

	*	plus applicable adjustment per Rate and Premium Article 

 All figures listed above are based on a
projected TIV of $47,625,882,720 and shown at 100% for each excess layer and shall apply to each Reinsurer in the percentage share for that excess layer expressed in its Interests and Liabilities Agreement attached hereto. 

  
  

			
	«CONTRACT_NO»	  	Endorsement No. 1 - 
		
	DOC: «Contract_Document_Date»	  	«reinsurer_20_code»

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