INDEPENDENT ADJUSTING FIRM AGREEMENTIndependent Adjusting Firm Agreement • November 10th, 2009 • Universal Insurance Holdings, Inc. • Fire, marine & casualty insurance • Florida
This agreement, entered into this 25th day of March, by and between Universal Adjusting Corporation, a Florida corporation (hereinafter “Universal”), and Vendor, having its principal place of business at PO Box 836 Deerfield Beach, FL 33443 (hereinafter “Vendor”).
INSURANCE CAPITAL BUILD-UP INCENTIVE PROGRAM SURPLUS NOTE Amount $25,000,000 Term: 20 years Payment Dates: October 1, January 1, April 1, and July 1Universal Insurance Holdings, Inc. • November 10th, 2009 • Fire, marine & casualty insurance • Florida
This Surplus Note is executed this 9th day of November, 2006, by and between Universal Property & Casualty Insurance Company, (NAIC # 10861), an Insurer authorized to write residential property and casualty insurance in Florida (“Insurer”), and The State Board of Administration of Florida (“Board”), the parties. It is deemed to be in the best interest of the Insurer to increase its Surplus as to policyholders for the purpose of increasing the number of new residential policies covering the risk of hurricanes the Insurer writes in Florida. The Insurer’s application for this Surplus Note was received by the Board on June 15, 2006, and the Insurer has, on or before the date of this Surplus Note contributed $25 million in New Capital, as defined below, to its Surplus. For and in consideration of the mutual agreements as set forth, the Insurer hereby makes a contribution to Surplus in New Capital of $25 million and covenants to meet the Minimum Writing Ratio of Net Written Premium to
Multiple Line Quota Share Reinsurance Contract Effective: June 1, 2008 issued to Universal Property and Casualty Insurance Company Fort Lauderdale, FloridaUniversal Insurance Holdings, Inc. • November 10th, 2009 • Fire, marine & casualty insurance
