Exhibit 10.14
Reinstatement Premium Protection
Reinsurance Contract
Effective: June 1, 2009
issued to
Homeowners Choice Property and Casualty Insurance Company
Clearwater, Florida
and
any other insurance companies which are now or
hereafter come under the ownership, control or management of
Homeowners Choice, Inc.
Table of Contents
Article
Page
I Coverage
1
II Commencement and Termination
1
III Concurrency of Conditions
3
IV Reinsurance Premium
3
V Loss Notices and Settlements
4
VI Late Payments
4
VII Offset (BRMA 36C)
6
VIII Access to Records
6
IX Errors and Omissions (BRMA 14F)
6
X Currency (BRMA 12A)
7
XI Taxes (BRMA 50B)
7
XII Federal Excise Tax (BRMA 17D)
7
XIII Reserves
7
XIV Insolvency
9
XV Arbitration
10
XVI Service of Suit (BRMA 49C)
11
XVII Governing Law (BRMA 71B)
11
XVIII Confidentiality
11
XIX Entire Agreement
12
XX Severability (BRMA 72E)
12
XXI Agency Agreement (BRMA 73A)
12
XXII Notices and Contract Execution
12
XXIII Intermediary
13
Schedule A
Reinstatement Premium Protection
Reinsurance Contract
Effective: June 1, 2009
issued to
Homeowners Choice Property and Casualty Insurance Company
Clearwater, Florida
and
any other insurance companies which are now or
hereafter come under the ownership, control or management of
Homeowners Choice, Inc.
( hereinafter referred to collectively as the “Company”)
by
The Subscribing Reinsurer(s) Executing the
Interests and Liabilities Agreement(s)
Attached Hereto
( hereinafter referred to as the “Reinsurer”)
Article I - Coverage
By this Contract the Reinsurer agrees to indemnify the Company for 100% of any reinstatement premium which the Company
pays or becomes liable to pay as a result of loss occurrences commencing during the term of this Contract under the provisions
of t