Common use of REINSURED Clause in Contracts

REINSURED. HOME STATE INSURANCE GROUP --------- NEW YORK MERCHANT BAKERS INSURANCE COMPANY Binghamton, New York HOME MUTUAL INSURANCE COMPANY OF BINGHAMTON, NEW YORK Binghamton, New York QUAKER CITY INSURANCE COMPANY Trevose, Pennsylvania PINNACLE INSURANCE COMPANY Carrollton, Georgia WESTBROOK INSURANCE COMPANY Wallingfxxx, Xxxxecticut HOME STATE INSURANCE COMPANY Red Bank, New Jersey (hereinafter referred to as the "Company") PERIOD: Continuous from 12:01 a.m., Eastern Standard Time, ------ January 1, 1997, subject to cancellation at any January 1 anniversary thereafter by either party giving ninety (90) days' prior written notice. In the event of cancellation the Company shall have the option to cancel on a cut-off basis or on a run-off basis. If run-off is chosen, the Reinsurers shall remain liable for their share of all policies in force hereunder at the effective date of cancellation until the natural expiration or prior cancellation of said policies at expiring terms, not to exceed twelve (12) months after the effective date of cancellation. The additional premium to reinsurers for run-off shall be the expired rate applied to the unearned premium in force at the time of cancellation. Should this Agreement terminate while a loss occurrence is in progress, the Reinsurers shall be liable for their share of all individual losses resulting from such loss occurrence whether any such individual losses take place before or after such termination. SEC:vs 1/20/97 1 REINSURANCE COVER NOTE Agreement No: 970038/39/40 CLASS: All in-force, new and renewal Property and Casualty ----- business written by the Company.

REINSURED. HOME STATE INSURANCE GROUP --------- HOME STATE INSURANCE COMPANY Red Bank, New Jersey QUAKER CITY INSURANCE COMPANY Trevose, Pennsylvania NEW YORK MERCHANT BAKERS INSURANCE COMPANY Binghamton, New York HOME MUTUAL INSURANCE COMPANY OF BINGHAMTON, NEW YORK Binghamton, New York QUAKER CITY INSURANCE COMPANY Trevose, Pennsylvania PINNACLE INSURANCE COMPANY Carrollton, Georgia WESTBROOK INSURANCE COMPANY Wallingfxxx, Xxxxecticut HOME STATE INSURANCE COMPANY Red Bank, New Jersey (hereinafter referred to as the "Company") TYPE: COMMERCIAL AUTOMOBILE PHYSICAL DAMAGE EXCESS OF LOSS ---- REINSURANCE AGREEMENT PERIOD: Continuous from January 1, 1997 at 12:01 a.m., Eastern ------ Standard Time, ------ January 1, 1997, subject to cancellation at any January 1 anniversary thereafter by either party giving ninety (90) days' prior written notice. In the event of cancellation the Company shall have the option to cancel on a cut-off basis or on a run-off basis. If run-off is chosen, the Reinsurers shall remain liable for their share of all policies in force hereunder at the effective date of cancellation until the natural expiration or prior cancellation of said policies at expiring terms, not to exceed twelve (12) months after the effective date of cancellation. The additional premium to reinsurers for run-off shall be the expired rate applied to the unearned premium in force at the time of cancellation. Should this Agreement terminate while a loss occurrence is in progress, the Reinsurers shall be liable for their share of all individual losses resulting from such loss occurrence whether any such individual losses take place before or after such termination. SEC:vs 1/20/97 1/8/97 1 REINSURANCE COVER NOTE Agreement No: 970038/39/40 CLASS: All in-force, new and renewal Property and Casualty ----- business written by the Company.NOTE

REINSURED. HOME STATE INSURANCE GROUP --------- HOME STATE INSURANCE COMPANY Red Bank, New Jersey QUAKER CITY INSURANCE COMPANY Trevose, Pennsylvania NEW YORK MERCHANT BAKERS INSURANCE COMPANY Binghamton, New York HOME MUTUAL INSURANCE COMPANY OF BINGHAMTON, NEW YORK Binghamton, New York QUAKER CITY INSURANCE COMPANY Trevose, Pennsylvania PINNACLE INSURANCE COMPANY Carrollton, Georgia WESTBROOK XXXXXXXXX INSURANCE COMPANY WallingfxxxWallingford, Xxxxecticut HOME STATE INSURANCE COMPANY Red Bank, New Jersey Connecticut (hereinafter referred to as the "Company") TYPE: FIRST PERSONAL AND COMMERCIAL AUTOMOBILE LIABILITY EXCESST ---- OF LOSS REINSURANCE AGREEMEN PERIOD: Continuous from 12:01 a.m., Eastern Standard Time, ------ January 1, 1997, subject to cancellation at any January 1 anniversary thereafter by either party giving ninety (90) days' prior written notice. Agreement originally effective July 1, 1993. In the event of cancellation cancellation, the Company shall have the option to cancel on a cut-off basis or on a run-off basis. If run-off is chosen, the Reinsurers shall remain liable for their share of all policies in force hereunder at the effective date of cancellation until the natural expiration or prior cancellation of said policies at expiring terms, not to exceed twelve (12) months after the effective date of cancellation. The additional premium to reinsurers Reinsurers for run-off shall be the expired rate applied to the unearned premium in force at the time of cancellation. Should this Agreement terminate while a loss occurrence is in progress, the Reinsurers shall be liable for their share of all individual losses resulting from such loss occurrence whether any such individual losses take place before or after such termination. SEC:vs 1/20/97 1/7/97 1 REINSURANCE COVER NOTE Agreement No: 970038/39/40 CLASS: All in-force, new and renewal Property and Casualty ----- business written by the Company.970044

REINSURED. HOME STATE INSURANCE GROUP --------- HOME STATE INSURANCE COMPANY Red Bank, New Jersey QUAKER CITY INSURANCE COMPANY Trevose,Pennsylvania NEW YORK MERCHANT BAKERS INSURANCE COMPANY Binghamton, New York HOME MUTUAL INSURANCE COMPANY OF BINGHAMTON, NEW YORK Binghamton, New York QUAKER CITY INSURANCE COMPANY Trevose, Pennsylvania PINNACLE INSURANCE COMPANY Carrollton, Georgia WESTBROOK XXXXXXXXX INSURANCE COMPANY WallingfxxxWallingford, Xxxxecticut HOME STATE INSURANCE COMPANY Red Bank, New Jersey Connecticut (hereinafter referred to as the "Company") TYPE: COMMERCIAL AUTOMOBILE LIABILITY ---- EXCESS OF LOSS REINSURANCE AGREEMENT PERIOD: Continuous from 12:01 a.m.January 1, 1997, Eastern Standard Time, ------ January 1, 1997, subject to cancellation at any January 1 anniversary thereafter by either party giving ninety (90) days' prior written notice. Agreement originally effective November 1, 1990. In the event of cancellation the Company shall have the option to cancel on a cut-off basis or on a run-off basis. If run-off is chosen, the Reinsurers shall remain liable for their share of all policies in force hereunder at the effective date of cancellation until the natural expiration or prior cancellation of said policies at expiring terms, not to exceed twelve (12) months after the effective date of cancellation. The additional premium to reinsurers for run-off shall be the expired rate applied to the unearned premium in force at the time of cancellation. Should this Agreement terminate while a loss occurrence is in progress, the Reinsurers shall be liable for their share of all individual losses resulting from such loss occurrence whether any such individual losses take place before or after such termination. SEC:vs 1/20/97 1/7/97 1 REINSURANCE COVER NOTE Agreement No: 970038/39/40 970018/19/35 CLASS: All in-force, new and renewal Property and Casualty ----- business written classified by the Company----- Company as Commercial Automobile Liability, including No-Fault, Uninsured and Underinsured Motorists and Medical Payments plus Garagekeepers Legal Liability and Garage Liability except Black Car and Silver Car business.