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SERVICES AND INDEMNITY AGREEMENT

Addendum or Modifications

SERVICES AND INDEMNITY AGREEMENT | Document Parties: CONTINENTAL CASUALTY COMPANY | Dick Corporation | WESTERN SURETY COMPANY You are currently viewing:
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CONTINENTAL CASUALTY COMPANY | Dick Corporation | WESTERN SURETY COMPANY

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Title: SERVICES AND INDEMNITY AGREEMENT
Date: 7/31/2009
Industry: Insurance (Prop. and Casualty)     Sector: Financial

SERVICES AND INDEMNITY AGREEMENT, Parties: continental casualty company , dick corporation , western surety company
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EXHIBIT NO. 10 (42)

ADDENDUM No. 1

attaching to and forming a part of
SERVICES AND INDEMNITY AGREEMENT
(effective: January 1, 2009)
(hereinafter referred to as “Agreement”)

between

WESTERN SURETY COMPANY
(hereinafter referred to as “Reinsurer”)

and

CONTINENTAL CASUALTY COMPANY
(hereinafter referred to as “Company”)

WHEREAS:

 

A.

 

Pursuant to that certain Commutation and Release Agreement, effective as of June 30, 2009, by and between the Company and the Reinsurer (“Commutation Agreement”), the parties have agreed to commute the Reinsurance Agreements as respects Surety Business for the Dick Corporation (as defined in Recital A of the Commutation Agreement);

 

 

B.

 

Pursuant to that certain Termination Addendum, effective June 30, 2009, between and among the Company, the Reinsurer, Universal Surety of America and Surety Bonding Company of America, the parties terminated that certain Surety Excess of Loss Reinsurance Contract as respects only Surety Business for the Dick Corporation, effective January 1, 2005, as amended from time to time; and

 

 

C.

 

Notwithstanding the provisions of Section XIV — Termination of the Agreement, the Company and the Reinsurer agree that, despite the release and commutation of all obligations related to the Reinsu


 
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