1
Exhibit 10.33
ADDENDUM NO.2
attaching to and forming part of the
MEDICAL PRACTITIONERS' LIABILITY
COMBINED REINSURANCE CONTRACT
(formerly the Primary Excess Of Loss Reinsurance Contract)
made between
INTERMED INSURANCE COMPANY
of 0000 X. Xxxxxxxxxxx, Xxxxxxxxxxx, Xxxxxxxx, XXX
(hereinafter referred to as "the Reassured")
and
REINSURERS SIGNATORY HERETO
(hereinafter referred to as "the Reinsurers")
With effect from 1st October, 1997, the following amendments are made to this
Contract:
1. Item A of SECTION (1) of ARTICLE 10 - PREMIUM is amended to read as
follows:
A. The Reassured shall pay to the Reinsurers for the Annual
Period commencing 1st October, 1997, a Provisional Premium of
US$1,000,000 in four equal instalments at 1st October, 1997, 1st
January, 1998, 1st April, 1998 and 1st July, 1998.
2. The participations of Reinsurers shall be as shown in the attached
Schedules and not as heretofore.
ALL OTHER TERMS AND CONDITIONS REMAIN UNALTERED
IN WITNESS WHEREOF the parties hereto have, by their duly authorised
representative, executed this Contract as follows:
Signed in Springfield, Missouri, this day of 199
------ ------
For and on behalf of the Reassured:
INTERMED INSURANCE COMPANY
And for the Reinsurers by means of and in accordance with the attached
Schedules which shall be considered to form an integral part of this Contract.
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SCHEDULE B
Attaching to and forming part of
ADDENDUM NO. 2
to the
MEDICAL PRACTITIONERS' LIABILITY
COMBINED REINSURANCE CONTRACT
(formerly the Primary Excess of Loss Reinsurance Contract)
made between
INTERMED INSURANCE COMPANY
of 0000 X. Xxxxxxxxxxx Xxxxxxxxxxx, Xxxxxxxx
(hereinafter referred to as the "Reassured")
and
REINSURERS SIGNATORY HERETO
(hereinafter referred to as the "Reinsurers")
Signed in London, England this day of 199
------ ------
The London Insurance and Reinsurance Market Association for and on behalf of
the following Reinsurers:
6.83% SPHERE DRAKE (UNDERWRITING) LIMITED
For and on behalf of:
SPHERE DRAKE INSURANCE PLC
Ref: 97LNCX014284
LIRMA Ref: S0289