EMC INSURANCE GROUP INC. (NASDAQ:EMCI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement
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On November 3, 2016, EMC Insurance Group Inc. (the “Company”)
filed a Form 8-K to report that the Inter-Company Committees of the
boards of directors of the Company and Employers Mutual Casualty
Company (Employers Mutual), the Companys parent organization,
approved changes to the inter-company reinsurance program between
the Company’s reinsurance subsidiary and Employers Mutual for
calendar year 2017, and to the inter-company reinsurance program
between the Company’s three insurance subsidiaries in the property
and casualty insurance segment and Employers Mutual for calendar
year 2017. Final regulatory approval of the reinsurance programs
was received during December 2016, and the reinsurance agreements
were formally executed on January 3, 2017. The reinsurance
agreements are filed as Exhibits 10.1.4 and 10.1.5.
filed a Form 8-K to report that the Inter-Company Committees of the
boards of directors of the Company and Employers Mutual Casualty
Company (Employers Mutual), the Companys parent organization,
approved changes to the inter-company reinsurance program between
the Company’s reinsurance subsidiary and Employers Mutual for
calendar year 2017, and to the inter-company reinsurance program
between the Company’s three insurance subsidiaries in the property
and casualty insurance segment and Employers Mutual for calendar
year 2017. Final regulatory approval of the reinsurance programs
was received during December 2016, and the reinsurance agreements
were formally executed on January 3, 2017. The reinsurance
agreements are filed as Exhibits 10.1.4 and 10.1.5.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits.
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Exhibit Number
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Description
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10.1.4
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Aggregate Catastrophe Excess of Loss and Per Occurrence
Catastrophe Excess of Loss Reinsurance Contract |
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10.1.5
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Semi-Annual Aggregate Catastrophe Excess of Loss
Reinsurance Contract |
