Document:

<PAGE>   1
                                                                   EXHIBIT 10.51

                              MANAGEMENT AGREEMENT

                                     BETWEEN

                               NMC HOLDINGS, INC.

                                       AND

                                      UICI

                                  JULY 27, 2000

<PAGE>   2

                            MANAGEMENT AGREEMENT

         MANAGEMENT AGREEMENT, dated July 27, 2000 (the "Agreement") by and
between NMC HOLDINGS, INC., a Delaware corporation ("NMC"), and UICI, formerly
known as United Insurance Companies, Inc., a Delaware corporation (the
"Manager").

                                    RECITALS

         WHEREAS, the execution of this Agreement is required by a Stock
Purchase Agreement dated the same date as this Agreement (the "Stock Purchase
Agreement"), between C & J INVESTMENTS, LLC, a Nevada limited liability company
("C & J") and the Manager, whereby C & J purchased all of UICI's interest in
NMC.

         WHEREAS, NMC and the Manager have agreed on the terms and conditions
contained in this Agreement for the Manager to provide certain management
services to NMC.

         WHEREAS, those capitalized terms that are used, but not defined, herein
shall have the meaning given to such term in the Stock Purchase Agreement.

         NOW THEREFORE, in consideration of the mutual agreements contained
herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as follows:

                                   ARTICLE I.
                      APPOINTMENT AND PROVISION OF SERVICES

         1.1 Appointment. Effective as at Closing, NMC hereby appoints and
retains the Manager, and the Manager hereby accepts such appointment and
retention, to provide those management services as set out in Schedule 1 hereto,
as well as those other management services that may be reasonably requested by
NMC (the "Management Services") to NMC, and the Manager hereby agrees to provide
the Management Services to NMC, all on the terms and subject to the conditions
of this Agreement.

         1.2 Standard of Performance. The Manager shall, within the scope of
its obligations as set out in this Agreement, use its reasonable best efforts to
further the interests of NMC and to provide the Management Services in a
competent and professional manner to at least the same standards of quality and
efficiency as if NMC were wholly-owned by the Manager.

         1.3 Limits on Authority. Notwithstanding any powers the Manager may
from time to time exercise under this Agreement, NMC shall retain all authority
and control over the business, policies, operation and assets of the NMC
Business, and the Manager shall perform its duties in accordance with and
pursuant to all directives of NMC.

         1.4 Legal Services. In addition to the Management Services contemplated
in Section 1.1 above, Manager hereby agrees, upon the request of NMC from time
to time, to provide legal advice and review ("Legal Services") to NMC through
licensed attorneys in Manager's legal department, provided that the provision of
such services is in the common interest and defense of Manager and NMC. NMC
agrees to reimburse Manager for Legal Services rendered by

                                       1
<PAGE>   3

Manager on behalf of NMC at the then-prevailing rate per hour for attorneys and
paralegals in the Dallas legal market with similar experience and training as
attorneys and paralegals in Manager's legal department, such fee to be payable
quarterly in arrears and as otherwise contemplated in Sections 2.1 and 2.2 of
the Agreement.

         1.5 Funds of NMC. The Manager shall ensure that any moneys received by
the Manager, or any of the Manager's employees or agents on behalf of NMC shall,
as soon as practicable after such moneys have been received, be deposited into a
bank account in the name of NMC, or otherwise dealt with as NMC directs. Neither
the Manager, nor any of its employees or agents shall withdraw any funds from
any bank account in the name of NMC, except for the purposes of conducting the
NMC Business. The Manager shall not commingle any of NMC's funds with any of its
own funds.

                                   ARTICLE II.
                                  COMPENSATION

         2.1 Compensation. As compensation for the provision of Management
Services by the Manager under this Agreement, subject to Section 2.2, NMC shall
pay to the Manager a fee equal to Thirty Thousand dollars ($30,000) for each 3
month period from Closing (the "Fixed Fee"). The Fixed Fee shall be payable in
arrears on the day occurring three full calendar months after Closing and each
day occurring three full calendar months thereafter (except in each case if such
day is not a Business Day, on the next occurring Business Day).

         2.2 Effect of Termination. On the Termination Date, the Manager shall
be entitled to payment of the Fixed Fee reduced pro rata according to the number
of days after the Termination Date remaining in the three month period for which
the Fixed Fee is payable. The Manager shall not be entitled to any payment of
the Fixed Fee thereafter.

                                  ARTICLE III.
                               COSTS AND EXPENSES

         3.1 Costs and Expenses. The Manager shall be entitled to reimbursement
from NMC for reasonable out-of-pocket expenses, including reasonable travel
expenses incurred in the performance of its obligations under this Agreement;
provided that NMC shall not reimburse the Manager for such costs and expenses in
excess of Twenty Five Thousand dollars ($25,000) per Fiscal Year.

                                   ARTICLE IV.
                                      TERM

         4.1 Term. Subject to Section 4.2, this Agreement shall be in effect
from Closing until the earlier of (the "Termination Date"):

                  (a) the date this Agreement shall have been terminated
         by Manager or NMC as hereinafter provided;

                  (b) the date upon which shares of common stock are sold to the
         public pursuant to the first registration of common stock of NMC under
         the Securities Act of 1933, as amended; and

                                        2
<PAGE>   4
             (c) the date upon which in excess of 50% of the issued and
       outstanding shares of each of the Class A, Class B and Class C common
       stock of NMC is sold to or acquired by the same unaffiliated third party.

         This Agreement may be terminated by (a) the Manager, at any time, upon
not less than 60 days' written notice to NMC or (b) NMC, at any time following
the payment in full of the Promissory Note from C & J to Manager in the original
principal amount of $35,000,000, upon not less than 30 days' written notice to
the Manager.

         4.2 Survival After Termination. On the Termination Date, all rights
and obligations of parties to this Agreement shall terminate provided that (a)
the rights and obligations set forth in Section 2.2 and 3.1 and Articles V, VII,
and IX of this Agreement, and (b) any rights, claims or causes of action that
any party may have against any other party, whether for damages or other relief,
arising out of or by virtue of anything done or omitted to be done by such other
party (through or by agents, employees or other representatives) outside the
scope of, or in violation of, this Agreement shall survive such termination.

                                   ARTICLE V.
                                 INDEMNIFICATION

         5.1 Indemnification of NMC. The Manager hereby agrees to defend (with
counsel approved by NMC, which approval shall not be unreasonably withheld),
indemnify and hold NMC harmless from and against any and all loss, liability,
claims, litigation, damage, penalties, actions, demands and expenses of any kind
or nature, arising out of, connected with or incidental to any gross negligence
or willful misconduct by the Manager in connection with the performance by the
Manager of its obligations under this Agreement. This obligation to indemnify
shall include reasonable attorneys' fees and investigation costs and all other
reasonable costs, expenses and liabilities incurred by NMC or its counsel from
the first notice that any claim or demand is to be made or may be made.

         5.2 Indemnification of the Manager. NMC hereby agrees to defend (with
counsel approved by the Manager, which approval shall not be unreasonably
withheld) indemnify and hold the Manager harmless from and against any and all
loss, liability, claims, litigation, damage, penalties, actions, demands and
expenses arising out of, connected with or incidental to the performance by the
Manager of its duties under this Agreement or any matter arising out of the
relationship created hereby, except to the extent arising from the gross
negligence or willful misconduct of the Manager. This obligation to indemnify
shall include reasonable attorneys' fees and investigation costs and all other
reasonable costs, expenses and liabilities incurred by the Manager or its
counsel from the first notice that any claim or demand is to be made or may be
made.

         5.3 Persons Indemnified. Except as otherwise provided in Section 5.1
or 5.2, respectively, all agreements by either the Manager or NMC to indemnify
or hold the other harmless shall inure to the benefit not only of the respective
indemnitee but also to that of their respective affiliates, and shall also inure
to the benefit of the directors, officers, managers, members, employees,
partners and agents of any of the foregoing.

                                        3
<PAGE>   5

                                   ARTICLE VI.
                             INDEPENDENT CONTRACTOR

         6.1 Independent Contractor. The Manager and NMC agree that the Manager
shall perform services hereunder as an independent contractor, retaining control
over and responsibility for its own operations and the actions of its employees
and agents. Neither the Manager nor any of its employees or agents shall, solely
by virtue of this Agreement or the arrangements hereunder, be considered an
employee or agent of NMC and shall not have authority to contract in the name of
or bind NMC, except as expressly provided in this Agreement.

                                  ARTICLE VII.
                                 CONFIDENTIALITY

         7.1 Confidentiality. Any non-public information delivered to the
Manager or any of its employees under this Agreement or by NMC or otherwise by
virtue of the Manager's business relationship contemplated hereby shall be kept
strictly confidential by the Manager and its employees subject to the following
standards: (a) the Manager may use such information only with respect to matters
arising in connection with the transactions contemplated by the Constituent
Documents and the operation or evaluation of NMC and the NMC Business and shall
maintain the confidentiality thereof with the same degree of care and concern as
it would use in the protection of its own confidential information, (b) the
Manager shall use its best efforts to restrict access to such confidential
information to those of its employees, agents, advisors, counsel and auditors
who have a reasonable need to have access to such confidential information in
connection with the performance of their duties, (c) no confidentiality
obligation shall exist with respect to any such information if at the time of
disclosure to the Manager such information is already in its possession and such
information was not subject to a confidentiality obligation, or if such
information is at the time of disclosure or thereafter becomes part of the
public domain without wrongful act by the Manager, or if such information is
received from a third party without restriction as to disclosure or use under
circumstances which do not give the Manager cause to believe that such
information is delivered to it in breach of an agreement of confidentiality with
NMC or a shareholder of NMC or either of them, and (d) the Manager may disclose
any such confidential information (i) to any entity if such disclosure is
required by law or (ii) by order of any court or other governmental entity
having jurisdiction.

                                  ARTICLE VIII.
                                   DEFINITIONS

         8.1 Certain Definitions. For the purposes of this Agreement, the
following capitalized terms shall have the following meanings:

         Business Day: Any day which is not a Saturday, Sunday or a day in which
national banks in Dallas, Texas are closed.

         C & J: As defined in Recital A.

         Closing: As defined in the Stock Purchase Agreement.

                                       4
<PAGE>   6

         Fiscal Year: Any 12 month period being NMC's fiscal year for which
audited accounts are prepared.

         Fixed Fee: As defined in Section 2.1.

         Management Services: As defined in Section 1.1.

         NMC: As defined in the introductory paragraph to this Agreement.

         NMC Business: The business or businesses owned or operated, whether
directly or indirectly, by NMC or its subsidiaries.

         Person: Any natural person, partnership, corporation and any other form
of business or legal entity.

         Stock Purchase Agreement: As defined in Recital A.

         Term: The period beginning at Closing and ending at Termination Date.

         Termination Date: As defined in Section 4.1.

                                  ARTICLE IX.
                                 MISCELLANEOUS

         9.1 Entire Agreement. This Agreement embodies the entire agreement
among the parties hereto and supersedes any prior agreement promises,
representations, warranties or understanding, written or oral, among the parties
with respect to the subject matter hereof.

         9.2 Notices. All notices, requests, demands, waivers, consents and
other communications required or contemplated by the provisions hereof shall (i)
refer on their face to NMC (although failure to do so shall not make such notice
ineffective), (ii) unless otherwise specified, be in writing or by telex,
telegraph or facsimile transmission, and (iii) be deemed to have been given or
made (A) on the fifth business day after deposit thereof in the United States
mail, first class registered or certified (return receipt requested) postage
prepaid, or (B) when received if sent by telex, facsimile transmission,
telegraph or delivered by hand, in each case addressed as provided in Schedule 2
or, as to any of such Persons, to such other address as such Persons may from
time to time specify to the parties hereto in writing in compliance herewith
(provided that notice of a change of address shall be effective only upon
receipt thereof).

         9.3 Further Assurances. Each party shall execute, acknowledge,
deliver, file, record and publish all such certificates, amendments of
certificates, instruments or documents and take such other action as may be
required by law or may be necessary or desirable to carry out the provisions of
this Agreement.

         9.4 Amendments. This Agreement may be altered, modified, amended or
supplemented only by an instrument in writing signed by each party. Any failure
of a party to comply with any obligation, covenant, agreement or condition set
forth in this Agreement may be waived by the other party only by a written
instrument signed by the party granting such

                                        5
<PAGE>   7

waiver, but such waiver shall not operate as a waiver of, or estoppel with
respect to, any subsequent or other failure.

         9.5 Successors and Assigns. No party may assign, transfer, pledge or
otherwise encumber, in whole or in part, this Agreement or any of its rights, or
delegate any of its obligations under this Agreement; provided, however, that
NMC may assign all of its rights, duties and obligations under this Agreement to
NM Holdings, Inc., a Nevada corporation. This Agreement shall be binding upon
and (subject to the provisions hereof) inure to the benefit of the parties
hereto and their respective successors and permitted assigns. Except as provided
in Article V, this Agreement is not intended to confer, and shall not confer,
upon any other Person except the parties hereto any rights or remedies under or
by reason of this Agreement.

         9.6 Severability. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not of itself invalidate or render unenforceable such
provision in any other jurisdiction. If any provision of this Agreement is so
broad as to be unenforceable, the provision shall be interpreted only so broad
as is enforceable.

         9.7 Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Texas (regardless of the laws that
might otherwise govern under applicable principles of conflicts of law).

         9.8 Captions and Headings. The captions and headings contained in this
Agreement shall not be considered part of this Agreement and shall not affect
the interpretation hereof.

         9.9 Counterparts. This Agreement, and any amendments, modifications and
supplements hereto, may be executed in any number of counterparts, each of which
shall be an original but all of which together shall constitute one and the same
instrument.

         9.10 Injunctive Relief. The parties agree that money damages would not
be a sufficient remedy for any breach of this Agreement by a party or its
directors, officers, employees, agents and advisers, and that in addition to all
other remedies, the parties shall be entitled to specific performance and to
injunctive or other equitable relief as a remedy for any such breach. The
parties agree not to oppose the granting of such relief, and to waive, and to
use their best efforts to cause its directors, officers, employees, agents or
advisers to waive, any requirement for the securing or posting of any bond in
connection with such remedy.

         9.11 Expenses. Except as otherwise provided herein, the parties hereto
agree that each party shall be responsible for, and will pay for its own
operating expenses, including legal, auditing, accounting, brokerage, finder,
placement, investment banking, interest, filing or other fees and expenses
incurred by or on behalf of such party.

                                      *****

                                        6
<PAGE>   8

       IN WITNESS WHEREOF, the undersigned have duly executed this Management
Agreement as of the date first above written.

                                  NMC HOLDINGS, INC.

                                  By  /s/ JOHN HUNTER
                                      -----------------------------
                                  Name:   John Hunter
                                  Title:  V. P.

                                  UICI

                                  By  /s/ GLENN W. REED
                                      -----------------------------
                                  Name:   Glenn W. Reed
                                  Title:  Executive Vice President and General
                                          Counsel

                                       S-1<PAGE>   1
                                                                  EXHIBIT 10.52

                   [THIS AGREEMENT IS SUBJECT TO ARBITRATION]

                        ADMINISTRATIVE SERVICE AGREEMENT

         THIS AGREEMENT, effective January 1, 2001, is by and between The MEGA
Life and Health Insurance Company, an Oklahoma insurance company ("MEGA"), and
National Motor Club of America, Inc., a Texas corporation ("NMC").

         WHEREAS, MEGA and its affiliates are providing insurance products to
NMC; and

         WHEREAS, the parties wish to enter into this Agreement to redefine and
expand the terms of their various duties and operations;

         NOW, THEREFORE, MEGA and NMC do mutually agree as follows:

                                       I.

         Each party agrees that there is adequate consideration for this
Agreement based upon the foregoing and the mutual covenants herein contained.
This Agreement shall be effective as of January 1, 2001 and terminate on
December 31, 2002, unless sooner terminated pursuant to Article XVI.

                                       II.

         This Agreement relates to insurance policies, insurance certificates or
blanket coverages for NMC's auto club members (the "Members") as well as
insurance policies, certificates or blanket coverages issued in the future under
this Agreement. MEGA hereby agrees to issue life, accident and health insurance
policies, certificates or blanket coverage to NMC for the benefit of NMC's
Members in all states set forth on Exhibit A attached hereto pursuant to
memberships issued by NMC from time to time during the term of this Agreement.

                                      III.

         The premium rates for MEGA insurance policies, certificates or blanket
coverages will be in accordance with the experience on these insurance products
and commencing January 1, 2001 shall be (i) two dollars and fifty-two cents
($2.52) per Member per year for the Non-Gold Crown Plan, (ii) eight dollars and
fifty-two cents ($8.52) per Member per year for the Gold Crown Plan, and (iii)
twenty-four dollars and twenty-four cents ($24.24) per Member per year for the
Gold Crown Plan Plus With All Accidents Coverage, (iv) seven dollars and eighty
cents ($7.80) per Member per year for the Platinum Plan, (v) twenty-three
dollars and four cents ($23.04) per Member per year for the Platinum Plan Plus
with all Accidents Coverage. These premiums may be adjusted as provided in
Article XV. Such premiums shall be payable to MEGA by NMC (i) in whole for the
entire membership year with respect to NMC members who pay their annual
membership dues in one lump sum on the fifteenth day of the calendar month
following receipt by NMC of such dues payment, (ii) one-twelfth per month with
respect to NMC members who pay their annual membership dues in monthly
installments on the fifteenth day of each calendar month following receipt by
NMC of such dues payments, (iii) one-fourth per quarter with respect to NMC
members who pay their annual membership dues

                                      -1-
<PAGE>   2
in quarterly installments on the fifteenth day of each calendar month following
receipt by NMC of such dues payments, and (iv) one-half semi-annually with
respect to NMC members who pay their annual membership dues in semi-annual
installments on the fifteenth day of each calendar month following receipt by
NMC of such dues payments. The amount of premiums payable by NMC with respect to
each Member shall be based upon the applicable premium rate for the applicable
plan at the time the annual, semi-annual, quarterly or monthly membership dues
payment is received by NMC.

                                       IV.

         The procedure to be followed by NMC and MEGA with respect to the
handling of such business shall be as follows:

         a.       A monthly report in a form mutually agreed upon by MEGA and
                  NMC will be filed by NMC with MEGA for each calendar month on
                  or before the fifteenth day of the next month listing new
                  memberships issued by NMC during the month and the portions of
                  the dues that are payable to MEGA based on the new memberships
                  less the amount of the premium portion of any membership dues
                  refunded by NMC upon cancellation of any NMC memberships.

         b.       Within two (2) business days after NMC is notified of a claim,
                  NMC will furnish the claim form to the member for completion.

         c.       MEGA is responsible for the processing and adjudication of the
                  insurance claims submitted by members of NMC under the
                  insurance policies issued by MEGA to NMC. NMC hereby agrees
                  that MEGA shall have complete authority and responsibility for
                  the adjudication of the claims under such policies. NMC
                  further agrees that MEGA's claims decisions shall be final.

                                       V.

         NMC and MEGA shall comply with all applicable laws and regulations of
any regulatory agency having jurisdiction over their respective businesses which
in the case of NMC shall include, but not be limited to, the solicitation of its
motor club memberships including, by way of illustration and not limitation, the
licensing of all persons engaged and authorized to carry out such solicitation,
if so required by a state.

                                       VI.

         MEGA shall keep copies of all bank account records pertaining to
insurance coverage issued pursuant to this Agreement, and shall furnish NMC upon
demand at NMC's expense with copies of the records which pertain to NMC members.

                                      VII.

         NMC shall handle all correspondence of a routine nature and other
general clerical and administrative functions necessary for satisfactory general
administration of the various insurance coverages and service to its various
members, and shall maintain files relating thereto. NMC shall within two (2)
business days of its receipt forward to MEGA all Insurance Department
complaints, inquiries and lawsuits received by it relating to insurance
coverages issued under this Agreement, and in addition upon request shall
provide all information from its records which will assist MEGA in its response
to any such complaints, inquiries or lawsuits. MEGA shall within two (2)
business days of its receipt forward to NMC copies of all insurance department
complaints,

                                      -2-
<PAGE>   3

inquiries and lawsuits received directly by MEGA relating to insurance coverages
issued under this Agreement.

                                      VIII.

         MEGA shall provide insurance benefits to NMC members who have paid the
appropriate, applicable membership dues (as contemplated by Article III) to NMC.
The records of NMC and MEGA relating to policies issued under this Agreement
shall be open to inspection during regular business hours by representatives of
the other party to enable such party to fulfill its contractual obligations and
to regulatory agencies as required by applicable laws and regulations.

                                       IX.

         NMC will use its best efforts to perform its duties under this
Agreement in a good and businesslike manner. MEGA also agrees to perform its
duties and obligations under this Agreement and the insurance policies relating
hereto in a good and businesslike manner.

                                       X.

         a. MEGA agrees to indemnify and hold harmless NMC and each of its
respective officers, directors, employees and agents harmless from and against
any and all losses damages (including, without limitation, actual damages,
compensatory damages, punitive damages and extra-contractual damages),
liabilities, penalties, costs and expenses (including, without limitation,
attorneys' fees, investigation costs and all other reasonable costs associated
with the defense thereof) (collectively, "Losses"), as incurred, arising out of
or relating to its breach of its obligations under this Agreement.

         b. NMC agrees to indemnify and hold harmless MEGA and each of its
respective officers, directors and employees from and against any and all
Losses, as incurred, arising out of or relating to its breach of its obligations
under this Agreement.

         c. If any proceeding shall be brought or asserted against any person
and/or entity entitled to indemnity hereunder (an "Indemnified Party"), such
Indemnified Party promptly shall notify the person from whom indemnity is sought
(the "Indemnifying Party") in writing, and the Indemnifying Party shall assume
the defense thereof, including the employment of counsel reasonably satisfactory
to the Indemnified Party and the payment of all fees and expenses incurred in
connection with defense thereof; provided, however, that the failure of any
Indemnified Party to give such notice shall not relieve the Indemnifying Party
of its obligations or liabilities pursuant to this Agreement, except (and only)
to the extent that it shall be finally determined by a court of competent
jurisdiction (which determination is not subject to appeal or further review)
that such failure shall have proximately and materially adversely prejudiced the
Indemnifying Party.

         An Indemnified Party shall have the right to employ separate counsel in
any such proceeding and to participate in the defense thereof, but the fees and
expenses of such counsel shall be at the expense of such Indemnified Party or
Parties unless: (1) the Indemnifying Party has agreed in writing to pay such
fees and expenses; or (2) the Indemnifying Party shall have failed promptly to
assume the defense of such proceeding and to employ counsel reasonably
satisfactory to such Indemnified Party in any such proceeding; or (3) the named
parties to any such proceeding (including any impleaded parties) include both
such Indemnified Party

                                      -3-
<PAGE>   4

and the Indemnifying Party, and such Indemnified Party shall have been advised
by counsel that a conflict of interest is likely to exist if the same counsel
were to represent such Indemnified Party and the Indemnifying Party (in which
case, if such Indemnified Party notifies the Indemnifying Party in writing that
it elects to employ separate counsel at the expense of the Indemnifying Party,
the Indemnifying Party shall not have the right to assume the defense thereof
and such counsel shall be at the reasonable expense of the Indemnifying Party).
The Indemnifying Party shall not be liable for any settlement of any such
proceeding effected without its written consent, which consent shall not be
unreasonably withheld. No Indemnifying Party shall, without the prior written
consent of the Indemnified Party, effect any settlement of any pending
proceeding in respect of which any Indemnified Party is a party, unless such
settlement includes an unconditional release of such Indemnified Party from all
liability on claims that are the subject matter of such proceeding.

         All fees and expenses of the Indemnified Party (including reasonable
fees and expenses to the extent incurred in connection with investigating or
preparing to defend such proceeding in a manner not inconsistent with this
Section) shall be paid to the Indemnified Party, as incurred, within ten (10)
business days of a detailed written notice thereof to the Indemnifying Party
(regardless of whether it is ultimately determined that an Indemnified Party is
not entitled to indemnification hereunder; provided, that the Indemnifying Party
may require such Indemnified Party to undertake to reimburse all such fees and
expenses to the extent it is finally judicially determined that such Indemnified
Party is not entitled to indemnification hereunder).

                                       XI.

         NMC also agrees to adhere to the following:

         a.       The books and records shall be maintained in accordance with
                  prudent standards of insurance record-keeping and applicable
                  laws and regulations.

         b.       The books and records shall be the property of NMC and must be
                  maintained for the term of this Agreement and for the
                  seven-year period following the end of this Agreement's term.

         c.       All information contained in said books and records shall
                  remain confidential. Government agencies regulating insurance
                  shall have access to the books and records for the purposes of
                  examination, audit and inspection.

         d.       All such records shall be made available to MEGA during normal
                  business hours for review, inspection, examination and
                  reproduction at the cost of MEGA.

         e.       Upon the termination of this Agreement, NMC will, if requested
                  by MEGA and at MEGA's expense, deliver copies of such records
                  to MEGA and give written notice to any regulatory authority
                  identified by MEGA of the location of the books and records.

                                      XII.

         NMC shall provide MEGA with all such reports and other information as
MEGA shall reasonably request in writing, including but not limited to, monthly
dues reports, including allocations of collections by state, parish, county,
municipality, or any other allocation required by law or regulation.

         NMC also agrees that in all states identified by MEGA to NMC in writing
where it is required to do so, NMC will advise insureds by written notice
approved by MEGA of the identity of and relationship among NMC and MEGA.

                                      -4-
<PAGE>   5

                                      XIII.

         Should NMC desire to use any printed brochures, advertising or other
promotional material relating to MEGA's insurance coverage, NMC shall, prior to
distributing such material, submit them to MEGA and obtain MEGA's prior written
approval thereof. MEGA agrees to promptly review such material and notify NMC of
its denial or approval thereof. All costs of printing, mailing and distribution
of such material shall be borne by NMC.

         NMC also agrees to reimburse MEGA for any approved expenses incurred by
MEGA as a result of filing new insurance products or revising existing insurance
products or for work done by MEGA at the request of NMC that is not otherwise
provided for under the terms of this Agreement. If MEGA is requested by NMC to
file new insurance products or revise existing insurance products or perform
work that is not otherwise provided for under this Agreement, then MEGA agrees
to prepare a budget of estimated expenses for such filings or work. If NMC shall
approve such budget, then MEGA shall make such filings or perform such services
and NMC agrees to reimburse MEGA's expenses up to the amount contained in the
budget, with reimbursement of any additional expenses of MEGA requiring NMC's
prior approval. MEGA will bill NMC for any such approved reasonable expenses and
NMC will reimburse MEGA within fifteen days of the receipt of the bill.

                                      XIV.

         MEGA is hereby authorized, to the extent permitted by law, without
notice and without any judicial action, to credit and offset any and all amounts
payable by MEGA to NMC (excluding amounts payable to insureds of MEGA) towards
the reduction of any debt or claim due to MEGA from NMC. NMC shall have a right
to credit and offset as to all funds coming into its hands and amounts payable
to MEGA under this Agreement and said rights of credit and offset are so granted
to NMC by MEGA.

                                       XV.

         In consideration of the lower premium costs to NMC for the insurance
provided by MEGA under this Agreement, except as otherwise provided in this
Agreement, NMC agrees to perform all of the administrative duties of NMC set
forth in this Agreement at no expense to MEGA. If MEGA desires NMC to perform
administrative duties in addition to those set forth in this Agreement, the
scope of such additional administrative duties and the administrative expenses
thereof shall be as mutually agreed to in writing by the parties. If NMC desires
MEGA to perform administrative duties in addition to these set forth in this
Agreement, the scope of such additional administrative duties and the
administrative expenses thereof shall be as mutually agreed to in writing by the
Parties

         At the six month and twelve month anniversary of the effective date of
this Agreement, and every six months thereafter if the term of this Agreement is
extended pursuant to Article XVI, MEGA shall have the right on at least thirty
(30) days prior written notice to adjust the premiums provided for in Article
III to the extent that MEGA determines in good faith, using generally accepted
actuarial assumptions and methodologies consistently applied, and taking into
account incurred loss experience throughout the term of this Agreement, that
such adjustments are appropriate and intended to provide MEGA with a profit of
eleven percent (11%) of the sum of claims incurred, plus premium taxes and
guaranty fund assessments actually paid, over the term of this Agreement. Profit
shall be computed based upon the insurance policies subject to this Agreement
pursuant to the following formula:

                                      -5-
<PAGE>   6

         Profit = gross premiums earned; less premium taxes and guaranty fund
         assessments paid; less claims incurred; and less salary and employee
         benefits incurred by MEGA for any employee assigned full time to NMC
         claims administration.

At the three month anniversary of the effective date of the Agreement or earlier
upon the parties' mutual consent and every three months thereafter during the
terms of this Agreement, NMC shall have the right to receive a refund of the
premium paid by NMC to MEGA in excess of the Profit defined in this Article XV.

Any increase in premiums pursuant to this Article XV shall be prospectively
applied to new NMC memberships and renewals of existing NMC which become
effective after the effective date of any such increases.

                                      XVI.

         The initial term of this Agreement shall commence on January 1, 2001
and ends on December 31, 2002, unless terminated for any of the reasons set
forth in this Article XVI; provided, however, that unless terminated as provided
in this Article XVI, the term of this Agreement shall be extended for successive
one (1) year periods; and provided, further, that NMC shall have the right
within thirty (30) days following any change in premiums pursuant to Article XV
to terminate this Agreement, provided, however, NMC shall have the additional
right upon giving such notice to extend the term on a month-to-month basis for
up to a maximum of six (6) additional months, with MEGA retaining the right to
adjust premiums for the period of extension as provided in Article XV. If any
third party unaffiliated with the current owners of NMC acquires a majority of
the capital stock of NMC, or NMC merges into another unaffiliated corporation
and does not survive the merger, then MEGA shall have the right to give written
notice by certified mail to NMC or the surviving corporation and take over the
servicing for the insurance policies. If MEGA elects to take over servicing of
the insurance policies, it shall have the right to terminate this Agreement by
giving thirty (30) days' written notice to NMC or the surviving corporation.
After any such termination, NMC or the surviving corporation shall provide an
accounting to MEGA, together with access during normal business hours to premium
records, and any other documents relating to the insurance and coverage for the
Members.

         In the event of (a) commencement of bankruptcy or insolvency
proceedings against NMC, (b) the cessation of business operations of NMC or (c)
NMC's material breach of the terms of this Agreement which is not cured within
thirty (30) days after written notice thereof from MEGA, then in each such case
MEGA shall have the right to terminate this Agreement immediately upon written
notice to NMC. In the event (a) MEGA has been placed in supervision, (b) of the
commencement of receivership, rehabilitation or liquidation proceedings
involving MEGA, (c) MEGA has ceased business operations, (d) the license or
certificate of authority of MEGA to conduct a life and health insurance business
in any state has been suspended, lapsed, revoked or terminated, (e) MEGA shall
at any time fail to obtain and maintain an A.M. Best Company rating of B or
above, or (f) MEGA's material breach of the terms of this Agreement which is not
cured within thirty (30) days after written notice thereof from NMC, then in
each case NMC shall have the right to terminate this Agreement immediately upon
written notice to MEGA.

         Either party shall have the right to terminate this Agreement upon one
hundred eighty (180) days' prior written notice to the other party. In the event
of termination of this Agreement pursuant to the terms of the preceding
sentence, the parties agree to a twelve (12) month run off period from the
effective date of the termination of this Agreement pursuant to the terms of
this paragraph (the "Run-Off Period").

                                      -6-
<PAGE>   7

         During the Run-Off Period, the parties agree that every three (3)
months NMC shall have the right to receive a refund of the premium paid by NMC
to MEGA in excess of the Profit defined in Article XV. The parties further agree
during the Run-Off Period that MEGA shall have access to the books, databases
and records of every kind and character of NMC related to the insurance policies
issued by MEGA to NMC under the terms and provisions of this Agreement.

         Upon termination of this Agreement, NMC shall be responsible for
payments to MEGA for any amounts due for insurance coverage through the date of
termination of this Agreement. Upon termination of this Agreement, MEGA shall
remain liable for insurance coverages issued or serviced under this Agreement
pursuant to the terms of such coverage. In addition, upon termination of this
Agreement, MEGA shall refund any unearned premiums to NMC.

                                      XVII.

         All payments made by NMC to MEGA shall be accompanied by a report in a
form mutually agreed upon by MEGA and NMC showing the calculation of the amount
due. All claims covered by the insurance shall be paid by number and name only.
The names and addresses of Members together with the expiration date of their
membership with NMC are the property of NMC and confidential trade secrets of
NMC. MEGA covenants and agrees that both during the term of, and at all times
after the termination of this Agreement, MEGA will not, whether for its own
account or for the account of any other person, firm, corporation or business
organization, interfere with the NMC's relationship with, or solicit business
from, or provide or sell the name of, any Member. MEGA agrees not to disclose to
any person or use any information provided by NMC under this Agreement
(including, without limitation, the names and addresses of Members), except as
is necessary in connection with providing the insurance coverages contemplated
by this Agreement and complying with applicable laws and regulations.

                                     XVIII.

         NMC's relationship with MEGA shall be that of an independent
contractor, and nothing in this Agreement shall be construed as creating the
relationship of employer and employee between MEGA and officers, employees or
assigns of NMC or the relationship of a partnership or joint venture between the
parties. NMC's authority shall extend no further than is expressly stated in
this Agreement and no authority shall be implied from the granting or denial of
powers specifically mentioned herein. MEGA shall exercise no control whatsoever
over the hours, office location, rentals, or staff of employees of NMC. This
Agreement may not be assigned in whole or part by either party without the prior
written consent of the other party, except that NMC may enter into agreements
with an affiliate to assist it in providing services to MEGA under this
Agreement. No insurance company affiliate of MEGA may provide insurance
policies, insurance certificates or blanket coverages under this Agreement
without the prior written consent of NMC.

                                      XIX.

         No amendment, modification or supplement to this Agreement shall be
binding unless in writing and duly executed and delivered by each of the parties
hereto.

                                       XX.

         This Agreement shall be construed in accordance with the laws of the
State of Texas (without giving effect to Texas conflicts or choice of law
principles).

                                      -7-
<PAGE>   8

         It is the intention of the parties that the customs and usage of the
insurance business and the related servicing of insurance policies shall be
given full effect in the interpretation of this Agreement. The parties shall act
in all things with the highest good faith. Any dispute or difference between the
parties with respect to the operation or interpretation of this Agreement on
which an amicable understanding cannot be reached shall be decided by
arbitration. Arbitrators appointed pursuant to this Article XX shall be
empowered to decide all questions or issues and shall be free to reach their
decision from the standpoint of equity and customary practices of the insurance
industry (to the extent consistent with the express terms of this Agreement)
rather than strictly from that of the law.

         The arbitration hearing shall be held in Dallas, Texas and shall
consist of three arbitrators who must be officers of life insurance companies
other than the parties to this Agreement or their affiliates or subsidiaries.
Any party electing to arbitrate a dispute hereunder shall give the other party
written notice with a description of the dispute and the name of such party's
arbitrator. Thereafter within 15 days of receiving such notice, the party
receiving notice shall give notice to the other party of the name of its
arbitrator. Within 15 days of the giving of notice of the second arbitrator, the
two arbitrators appointed by the parties shall elect a third arbitrator before
the arbitration begins. In the event that MEGA's and NMC's arbitrators are
unable to agree upon the choice of a third arbitrator within said 15 day period,
both parties shall promptly request that such arbitrator l be appointed by the
American Arbitration Association or its successor organization. Once appointed,
the three arbitrators shall decide matters by a majority vote. The decision of
the arbitrators shall be final and binding on the parties, and from their
written decision there shall be no appeal. Both parties shall have the right to
enforce the decision of the arbitrators in a court having jurisdiction over such
matter. The cost of arbitration, including the fees of the arbitrators, shall be
borne by the losing party, unless the arbitrators decide otherwise.

                                      XXI.

         All notices, demands or other writings in this Agreement provided to be
given, made or sent by any party hereto to the other, shall be made in writing
and deposited in the United States mail, registered or certified mail, return
receipt requested, postage prepaid and addressed to NMC as follows:

                           National Motor Club of America, Inc.
                           4001 McEwen Drive, Suite 200
                           Dallas, Texas 75244
                           Attention: John E. Hunter

and to MEGA as follows:

                           The MEGA Life and Health Insurance Company
                           9151 Grapevine Highway
                           North Richland Hills, Texas 76180
                           Attention: Phillip J. Myhra

or to such other address as to which notice is given in accordance with the
provisions of this Article XXI.

                                      -8-
<PAGE>   9

         Any notice, demand or other writing so given shall be deemed effective
two business days after being deposited in the United States mail.

                                     XXII.

         This Agreement constitutes the entire agreement of the parties and
supersedes all prior agreements and understandings with respect to the subject
matter hereof (including, without limitation, the Initial Agreement, which is
hereby terminated and of no further force and effect). This Agreement is binding
upon the parties hereto and their successors and permitted assigns.

                                     XXIII.

         This Agreement may be executed in counterparts, each of which shall be
deemed an original, but all of which shall constitute one and the same
instrument.

                                      XXIV.

         On the termination of this Agreement, all the rights and obligations of
the parties to this Agreement shall terminate provided that (a) the rights and
obligations set forth in Articles VII, X, XI, XIII, XIX, XX, XXI, XXII of this
Agreement and (b) any rights, claims or relief, arising out of or by virtue of
any action or inaction of the parties prior to the effective date of termination
shall survive such termination.

                  (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)

                                      -9-
<PAGE>   10

         IN WITNESS WHEREOF, the parties have hereunto executed this Agreement
to be effective as of the 1st day of January 2001.

                                        NATIONAL MOTOR CLUB OF AMERICA, INC.,
                                        A TEXAS CORPORATION

                                        By: /s/ TERRI LAMBRIGHT
                                           ------------------------------------

                                        Name:   Terri Lambright
                                             ----------------------------------

                                        Title:  VP
                                              ---------------------------------

                                        THE MEGA LIFE AND HEALTH INSURANCE
                                        COMPANY, AN OKLAHOMA CORPORATION

                                        By: /s/ GLENN W. REED
                                           ------------------------------------

                                        Name:   Glenn W. Reed
                                             ----------------------------------

                                        Title:  Vice President
                                              ---------------------------------

                                      -10-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}]]