Exhibit 10 (b)
GENERAL AGENCY AGREEMENT
(hereinafter called the "Agreement")
MILLERS GENERAL AGENCY, INC.
(hereinafter called the "General Agent")
CLARENDON NATIONAL INSURANCE COMPANY
(hereinafter called the "Company")
made as of the 15th day of August. 2001
A. The Company would like the General Agent to produce and administer the Company's insurance policies and
renewals thereof ("Policies", or individually, the "Policy") for the insurance cover ages listed on Schedule 1 and in
the states listed on Schedule 2 during the period from the date of this Agreement ("Effective Date") until this
Agreement terminates, and the General Agent is willing to do so on behalf of the Company in accordance with
the terms of this Agreement.
B. The General Agent acknowledges that the Company is at risk under, and has ultimate responsibility for, the
Policies; therefore, the General Agent agrees that the Company has and will retain the authority to make the final
decision on all matters pertaining to the Policies.
C. The parties intend that the Company earn a profit from the issuance of the Polices. In keeping with that
intention, the General Agent will diligently perform its duties under this Agreement in an ethical, legal and
professional manner, and with commercially reasonable efforts.
D. The parties are concurrently entering into a Claims Administration Agreement (the "Claims Agreement")
pursuant to which the General Agent shall act for the Company as Administrator of claims arising under the
IN CONSIDERATION OF THE MUTUAL PROMISES EXCHANGED, the parties
agree as follows:
1.1 Authority to issue Policies. From the Effective Date to the termination of this Agreement the General Agent
shall have the authority to issue Policies and binders in compliance with the standards set forth in
Section 1.5 through duly licensed insurance brokers, agents, producers. or similar persons or companies
(collectively "Agents"). The ap