EXHIBIT 10.1 - COVER LETTER
August 14, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Selective Insurance Group, Inc. Form 10Q for the period ending June 30, 1998
Ladies and Gentlemen:
Accompanying this letter for filing pursuant to the Securities Act of 1933, is an amendment to the Promissory
Note of $25,000,000 Revolving Line of Credit with Summit Bank. The note was initially filed as an exhibit with
the Form 10Q for the quarter ended June 30, 1997.
Very truly yours,
as of May 31, 1998
Selective Insurance Company of America
Selective Insurance Group, Inc.
40 Wantage Avenue
Branchville, New Jersey 07890-1000
Re: Letter Loan Agreement dated June 30, 1997 as heretofore modified and extended (the "Loan Agreement")
This is to confirm our approval of your request for an extension through May 31, 1999 of the expiration date of
the $25,000,000.00 Revolving Line of Credit provided for in the Loan Agreement. Accordingly, we have agreed
to modify the definition of Revolving Maturity Date to provide that May 31, 1999 is the Revolving Maturity Date.
Our approval shall not constitute a waiver of any Events of Default, if any so exist, or any future violation of any
provisions of the Loan Agreement or any other Loan Documents.
Capitalized terms not defined herein but defined in the Loan Agreement shall have the same meaning ascribed to
such terms in the Loan Agreement. Your execution shall also act as your representation that the execution of this
letter agreement has been authorized by all required corporate action, that this letter agreement constitutes the
valid and binding obligation of the Borrower, is enforceable in accordance with its terms, that no Event of Default
exists and that no material adverse change of the Borrower has occurred.
/s/ Marie A. Yorke
Marie A. Yorke
Financial Accounting and Reporting
exists and that no material advers