Document:

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

 

 
  

 EXHIBIT 10.69 

  
  

			
	ARP-HCI-02-RPP-203-15	  	
		
	DOC: June 10, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

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

REINSTATEMENT PREMIUM PROTECTION REINSURANCE CONTRACT 

(hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2015 

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

(hereinafter called the “Reinsured”) 

by 
 AEOLUS RE LTD. 

in respect of its 

KEYSTONE SEGREGATED ACCOUNT 

(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
	  	 	100.000	% 

  

					
	 Contract Year 2
	  	Participation	 
	 Excess Layer 3
	  	 	100.000	% 

 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. 
 It is
further agreed that the company detailed as the “Reinsurer” shall now read as follows: 
 AEOLUS RE LTD. 

in respect of its 

KEYSTONE SEGREGATED ACCOUNT 

KEYSTONE PF SEGREGATED ACCOUNT 

  
  

			
	ARP-HCI-02-RPP-203-15	  	I&L Endorsement No. 1 – AEOLS
		
	DOC: June 10, 2015	  	

 

 
  

 The following Segregated Accounts through Aeolus Re Ltd. Reinsurers hereby agree to the terms and conditions
of the reinsurance as set forth in the attached Interests and Liabilities Agreement and Contract: 
 Aeolus Re Ltd. in respect of its
Keystone Segregated Account, 77.774% 
 Aeolus Re Ltd. in respect of its Keystone PF Segregated Account, 22.226% 

Total: 100.000% 
 Pursuant to the Entire
Agreement Article of this Contract, the Reinsured and the Reinsurer agree that the Keystone PF SAC shall be added as a party as if it had been an original party to this Contract, and all references in this Contract to the Reinsurer shall be read and
construed as if they were references to the Keystone SAC and the Keystone PF SAC, each of which shall have the percentage share in the interests and liabilities of the “Reinsurer” under the Contract as set forth below in the signature
block; and the Keystone PF SAC shall be bound by, and shall comply with, all of the provisions of this Contract which are binding upon the Reinsurer and shall enjoy all the rights and benefits of the Reinsurer hereunder. In addition, with
effect on and from the date of this Endorsement, the Keystone SAC and the Keystone PF SAC do hereby irrevocably appoint the Keystone SAC as their exclusive agent to act on their behalf under this Contract including, but not limited to, giving all
notices and approvals as provided for herein. 
 All other Terms and Conditions detailed on the original fully executed Interests & Liabilities
Agreement shall remain unchanged. 
 Signed in
                                , on this
                     day of
                    , 20     

AEOLUS RE LTD. 
 in
respect of its 
 KEYSTONE SEGREGATED ACCOUNT 

KEYSTONE PF SEGREGATED ACCOUNT 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
                     day of
                    , 20     

HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY, INC. 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-RPP-203-15	  	I&L Endorsement No. 1 – AEOLS
		
	DOC: June 10, 2015Endorsement No 1 effective June 1, 2015 to Underlying Aggregate Excess of Loss

 

 
  

 EXHIBIT 10.70 
  

  
  

			
	ARP-HCI-02-AGG-FLD-14	  	
		
	DOC: June 15, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

to the 
 UNDERLYING AGGREGATE
EXCESS OF LOSS REINSURANCE CONTRACT 
 (hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 CLADDAUGH CASUALTY
INSURANCE COMPANY LTD. 
 (hereinafter called, with other participants, the “Reinsurer”) 

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

ARTICLE 4 – TERRITORY shall now read as follows: 

The territorial limits of this Contract shall be identical with those of the Reinsured’s Policies. 

PARAGRAPH (5) OF ARTICLE 17 – 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. 
 It is Also Agreed that the
following Article shall be added to the Contract: 
 ARTICLE 39 – FLORIDA HURRICANE CATASTROPHE FUND 

 

	 	1.	The Reinsured shall provisionally purchase mandatory coverage from the Florida Hurricane Catastrophe Fund (FHCF), which per the paragraphs below shall inure to the benefit of this Contract, with the following limit and
retention: 

  

	 	a.	90% of $597,100,000 excess of $223,400,000 (mandatory layer) for Contract Year effective June 1, 2014. 

  

	 	b.	90% of $975,000,000 excess of $345,000,000 (mandatory layer) for Contract Year effective June 1, 2015. 

  
  

			
	ARP-HCI-02-AGG-FLD-14	  	Endorsement No. 1 – CLAD
		
	DOC: June 15, 2015	  	

 

 
  

 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). 
  

	 	2.	The Actual FHCF Coverage shall cover both the Business Covered under this Contract and the Reinsured’s business not covered under this Contract. 

 

	 	3.	The Actual FHCF Coverage shall be calculated based on the mandatory FHCF premium for both the Business Covered under this Contract and the Reinsured’s business not covered under this Contract, evaluated annually as
of June 30th, and the applicable year’s FHCF Payout and Retention Multiples. 

  

	 	4.	The Deemed FHCF Coverage for this Contract shall be based on the mandatory FHCF premium for the Reinsured’s business not covered under this Contract evaluated annually as of June 30th, and the applicable
year’s FHCF Payout and Retention Multiples. The Reinsured will report the provisional limit and retention of the Deemed FHCF Coverage to the Reinsurer within 10 business days of the inception of each Contract Year. 

 

	 	5.	The FHCF Recoveries calculated above and below, if positive, shall inure to the benefit of this Contract: 

  

	 	a.	Any loss reimbursement paid or payable to the Reinsured for the mandatory FHCF coverage and resulting from Loss Occurrences commencing during the Term of this Contract; less 

 

	 	b.	The amount hypothetically recoverable under the Deemed FHCF Coverage. 

 All other Terms and Conditions remain
unchanged. 
 Signed in
                                , on this
                     day of
                    , 20     

CLADDAUGH CASUALTY INSURANCE COMPANY LTD. 

BY:                       
                                      

TITLE:                      
                                       

  
  

			
	ARP-HCI-02-AGG-FLD-14	  	Endorsement No. 1 – CLAD
		
	DOC: June 15, 2015	  	

 

 
  

 Signed in
                                , on this
                     day of
                    , 20     

HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

 

  
  

			
	ARP-HCI-02-AGG-FLD-14	  	Endorsement No. 1 – CLAD
		
	DOC: June 15, 2015Endorsement No 1 effective June 1, 2015 to Excess of Loss Reinsurance Contract

 

 
  

 EXHIBIT 10.71 
  

  
  

			
	ARP-HCI-02-XOL-FLD-14	  	
		
	DOC: May 20, 2015	  	

 

 
  

 ENDORSEMENT NO. 1 

to the 
 EXCESS OF LOSS
REINSURANCE CONTRACT 
 (hereinafter called the “Contract”) 

EFFECTIVE: JUNE 1, 2014 

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

(hereinafter called the “Reinsured”) 

by 
 NATIONAL
LIABILITY & FIRE INSURANCE COMPANY 
 (hereinafter called, with other participants, the “Reinsurer”) 

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

ARTICLE 4 – TERRITORY shall now read as follows: 

The territorial limits of this Contract shall be identical with those of the Reinsured’s Policies. 

SUBPARAGRAPH (b) OF PARAGRAPH (1) OF ARTICLE 11 – FLORIDA HURRICANE CATASTROPHE FUND shall read as follows: 

90.0% of $975,000,000 excess of $345,000,000 (mandatory layer) for Contract Year effective June 1, 2015. 

PARAGRAPH (5) OF ARTICLE 18 – 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. 
 All other Terms and Conditions
remain unchanged. 

  
  

			
	ARP-HCI-02-XOL-FLD-14	  	Endorsement No. 1 – BRK
		
	DOC: May 20, 2015	  	

 

 
  

 Signed in
                                , on this
                     day of
                    , 20     

NATIONAL LIABILITY & FIRE INSURANCE COMPANY 

BY:                       
                                      

TITLE:                      
                                       

Signed in
                                , on this
                     day of
                    , 20     

HOMEOWNERS CHOICE PROPERTY & CASUALTY INSURANCE COMPANY 

TAMPA, FLORIDA 

BY:                       
                                      

TITLE:                      
                                       

 

  
  

			
	ARP-HCI-02-XOL-FLD-14	  	Endorsement No. 1 – BRK
		
	DOC: May 20, 2015

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