SURETY QUOTA SHARE TREATY
(hereinafter referred to as "Agreement")
EFFECTIVE: OCTOBER 1, 2002
entered into by and between
CONTINENTAL CASUALTY COMPANY
(hereinafter referred to as "Company")
WESTERN SURETY COMPANY
(hereinafter referred to as "Reinsurer")
In consideration of the mutual covenants contained herein, and upon the terms and conditions hereinafter set forth
the Company and the Reinsurer hereby agree as follows:
ARTICLE 1 - BUSINESS COVERED
The Company agrees to cede and the Reinsurer agrees to accept a 100% quota share of the Company's net
retained liability on Surety Business written or renewed, by or on behalf of the Company, during the term of this
Agreement, subject to the following terms and conditions. The liability of the Reinsurer shall commence
simultaneously with that of the Company.
In the event that a loss covered hereunder involves more than one of the Company's policies, this Agreement shall
provide coverage for each and every Policy in such loss.
ARTICLE 2 - TERM AND CANCELLATION
This Agreement is effective 12:01 a.m. Standard Time on October 1, 2002 and shall continue in full force and
effect until Midnight Standard Time, December 31, 2003. Standard Time as used in this Agreement shall mean
standard time at the location of the original insured. Upon expiration of this Agreement, the Reinsurer shall
continue to cover all Policies coming within the terms and conditions of this Agreement, until the natural expiration
or anniversary of such Policies.
Notwithstanding the expiration of this Agreement as hereinabove provided, the provisions of this Agreement shall
continue to apply to all unfinished business hereunder and that all obligations and liabilities incurred by each party
hereafter, prior to such expiration, shall be fully performed and discharged.
ARTICLE 3 - TERRITORY
This agreement applies to the territory as in the Company's original Policies reinsured hereunder.
ARTICLE 4 - ORIGINAL CONDITIONS