EXHIBIT 10.7 AMENDMENT TO EMPLOYMENT AGREEMENT This Amendment is entered into as of the 31st day of December, 1998, by and between NCRIC, Inc. and R. Ray Pate, Jr. ("Pate"). Recitals: A. As of October 1, 1997, National Capital Reciprocal Insurance...

 
                                                                    EXHIBIT 10.7
                       AMENDMENT TO EMPLOYMENT AGREEMENT


     This Amendment is entered into as of the 31st day of December, 1998, by and
between NCRIC, Inc. and R. ▇▇▇ ▇▇▇▇, ▇▇. ("▇▇▇▇").

Recitals:

     A.   As of October 1, 1997, National Capital Reciprocal Insurance Company
("NCRIC"), National Capital Underwriters, Inc. ("NCUI") and ▇▇▇▇ entered into an
Employment Agreement (the "Employment Agreement");

     B.   NCRIC, Inc. has succeeded to the assets and liabilities of NCRIC,
pursuant to the District of Columbia Reciprocal Insurance Company Conversion Act
of 1998 ("RICC Act");

     C.   NCUI has been merged into NCRIC, Inc.; and

     D.   In connection with the reorganization of NCRIC, pursuant to the RICC
Act, the District of Columbia Commissioner of Insurance and Securities required
this amendment to the Employment Agreement.

     NOW, THEREFORE, it is mutually agreed as follows:

     1.   Section 6.b.(iii) of the Employment Agreement is hereby amended by
inserting after the word "occurs" in the first sentence the phrase "on or after
December 31, 2000."

     2.   Except as herein amended, all the terms and conditions of the
Employment Agreement shall remain in full force and effect.

     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
and year first written above.

                         NCRIC, INC.


                         By:  /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, M.D.
                             ---------------------------------------
 

                         R. ▇▇▇ ▇▇▇▇, ▇▇.


                              /s/ R. ▇▇▇ ▇▇▇▇, ▇▇.
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