FORTEGRA FINANCIAL CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement - Insurance News | InsuranceNewsNet

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February 7, 2012 Newswires
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FORTEGRA FINANCIAL CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement

Edgar Online, Inc.

ITEM 1.01 - Entry into a Material Definitive Agreement --------------------------------------------------------------------------------

Amendment to Administrative Services Agreement and Claims Administration Agreement

On February 1, 2012, Life of the South Insurance Company, an indirect wholly-owned subsidiary of Fortegra Financial Corporation (the "Company"), and National Union Fire Insurance Company of Pittsburgh, PA ("NUFIC"), entered into Amendment Four to the Administrative Services Agreement, as amended ("Amendment Four"). Amendment Four, which is effective as of January 31, 2012, provides for revised service levels and standards to be met by the Company in relation to the policies it administers for NUFIC. These standards include sales file processing, direct mail application processing, fulfillment, client set-up, billing, settlements, commission processing and report. On February 1, 2012, LOTSolutions, Inc., an indirect wholly-owned subsidiary of the Company and NUFIC, entered into Amendment Two to the Claims Services Agreement, as amended ("Amendment Two"). Amendment Two, which is effective as of January 1, 2012, provides for revised pricing and service levels and standards to be met by the Company in relation to the policy claims it administers for NUFIC. These standards include responses to written general correspondence, requests for claim forms, check traces, return mail, customer escalations, Customer Connect connectivity, claim processing and adjudication and report.

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