<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>7
<FILENAME>y88779exv10w5.txt
<DESCRIPTION>CONTENTS TO QUOTA SHARE REINSURANCE AGREEMENT
<TEXT>
<PAGE>


                                                               Exhibit 10.5


    List of Contents of Exhibits and Schedules to the Royal Indemnity Company
                        Quota Share Reinsurance Agreement


            Exhibits                              Description
            --------                              -----------

Exhibit A                              Form of Accounting and Settlement Reports

Exhibit B                              Form of Trust Agreement

Exhibit C                              Assignment of Net Premium Receivables

Exhibit D                              Assignment of Reinsurance Recoverables

Exhibit E                              URC Investment Guidelines


            Schedules                              Description
            ---------                              -----------

Schedule 2.1                           Terrorism Allocation Methodology

Schedule 2.4                           Reinsurance Contracts


</TEXT>
</DOCUMENT>