MIIX GROUP INC
SEPARATION AGREEMENT
<DOCUMENT>
<TYPE>EX-10.37
<SEQUENCE>3
<FILENAME>w52468ex10-37.txt
<DESCRIPTION>SEPARATION AGREEMENT
<TEXT>
<PAGE>   1
                                                                   Exhibit 10.37

                              SEPARATION AGREEMENT

        THIS SEPARATION AGREEMENT (the "Separation Agreement") is entered into
this 28th day of June 2001, by THE MIIX GROUP, INCORPORATED (the "MIIX Group")
and NEW JERSEY STATE MEDICAL UNDERWRITERS, INC. (the "Underwriter"), in each
case, including their respective subsidiaries, affiliates, officers, directors,
agents, employees, successors and assigns (hereinafter referred to,
collectively, as the "Company"), and KENNETH KOREYVA, including his successors,
assigns and estate (hereinafter referred to, collectively, as the "Executive").
The Company and the Executive are hereinafter referred to, collectively, as the
"Parties."

                              W I T N E S S E T H :

        WHEREAS, the Parties have entered into an Employment Agreement, dated as
of December 15, 1999 (the "Employment Agreement"), pursuant to which the Company
has employed the Executive; and

        WHEREAS, the Company and the Executive have mutually agreed to the
termination of the employment of the Executive under the Employment Agreement
without cause; and

        WHEREAS, the Executive has been and is entitled to certain payments,
benefits and distributions under the Employment Agreement as well as certain
other agreements and plans (as hereinafter defined) to which the Parties are
party and which the Parties hereby wish to clarify and set forth;

        NOW, THEREFORE, in consideration of the promises and mutual covenants
contained herein and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Parties hereby agree as
follows:

        1.     TERMINATION OF EMPLOYMENT: Pursuant to Section 3.4 of the
Employment Agreement, the Executive's salaried employment with the Company
together with all accompanying benefits of employment shall be deemed
terminated, without cause, on April 13, 2001 (the "Termination Date"). The
Executive shall perform no further services for and shall have no authority to
act on behalf of the Company after the Termination Date.

        The Parties acknowledge and agree that the Executive is entitled to
various benefits upon termination of employment under the various benefit plans
established by the Company as well as under certain agreements to which the
Executive and the Company are a party which are identified on Schedule 1 annexed
hereto and made a part hereof. The Parties hereby restate those benefits
together with any modifications thereto which the Parties have mutually agreed
upon as expressly provided for in this Separation Agreement.
<PAGE>   2

        It is agreed that the Executive shall not be considered an employee of
the Company after the Termination Date; accordingly, any and all benefits of
employment which are not expressly provided for herein shall not accrue to the
Executive after the Termination Date.

        2.     SEPARATION PAYMENTS: Subject to the Executive's acceptance and
compliance with all of the terms and conditions set forth in this Separation
Agreement, the Company shall pay to the Executive the following payments:

        (i) the amount of $340,000, representing Base Salary payable from the
        Termination Date through April 13, 2002, payable in a lump sum by the
        Company as soon as practicable after the Effective Date hereof, less
        applicable deductions, including, without limitation, federal and state
        withholding and less payroll payments made to the Executive after the
        Termination Date;

        (ii) the amount of $340,000, representing Base Salary payable from April
        14, 2002 through April 13, 2003, payable by the Company in accordance
        with its normal payroll practices in 26 bi-weekly installments
        commencing on or about April 14, 2002, less applicable deductions,
        including, without limitation, federal and state withholding; provided,
        however, that the Company shall have no obligation to make such payments
        during any period the Executive is engaged in full-time employment with
        any third party or as an independent consultant between April 14, 2002
        and April 13, 2003. Notwithstanding the foregoing, in the event the
        Executive is engaged in full-time employment with any third party or as
        an independent consultant between April 14, 2002 and April 13, 2003 at
        an annual compensation rate lower than his Base Salary at the Company on
        the date of his termination, the Company shall make payment or continue
        to make payment under this Section 2(ii); provided, however, that for
        any overlapping period of such lower-paid employment, the Executive
        shall receive only payment of the difference between the bi-weekly
        amount of Base Salary and the bi-weekly amount of earned compensation.
        If the Executive is engaged in full-time employment with a third party
        or as an independent consultant between April 14, 2002 and April 13,
        2003, the Executive shall immediately notify the Company in writing by
        not later than April 14, 2002 or such later date that he commences such
        employment and shall immediately notify the Company in writing of any
        change in his compensation from such employment. If the Executive has
        received any payment from the Company under this Section 2(ii) in an
        amount greater than the difference between the bi-weekly amount of Base
        Salary and the bi-weekly amount of earned compensation from such
        employment, he shall remit that amount to the Company and, if he fails
        to do so, the Company may offset that amount from any payment due to the
        Executive.



                                       2
<PAGE>   3

        (iii) the amount of $28,333, payable by the Company as soon as
        practicable after the Effective Date hereof, less applicable deductions,
        including, without limitation, federal and state withholding, and the
        issuance of phantom stock options to purchase 11,591 shares of MIIX
        Group Phantom Stock on the terms set forth in the Phantom Stock Option
        Agreement attached hereto as Exhibit A, representing 2001 bonus
        compensation through the Termination Date pursuant to the Company's
        Bonus Incentive Program;

        (iv) the amount of $59,308, representing accrued but unused vacation and
        personal time to which the Executive is entitled, payable by the Company
        as soon as practicable after the Effective Date hereof, less applicable
        deductions, including, without limitation, federal and state
        withholding;

        (v) the amount of $925, representing unreimbursed business expenses
        personally incurred by the Executive, payable by the Company as soon as
        practicable after the Effective Date hereof; and

        (vi) the amount of $8,500, representing executive expense account
        payments for a period of six (6) months, payable by the Company as soon
        as practicable after the Effective Date hereof, less applicable
        deductions, including, without limitation, federal and state withholding
        and less payments made or to be made by the Company for expenses
        submitted by or on behalf of the Executive in the amount of $896.40.

        3.     BENEFITS:  In addition to the foregoing payments to be made by
the Company to the Executive, the Executive shall be entitled to the following:

        (i) continuation of insurance coverage for the Executive and his
        dependents, to the extent applicable, under the Company's standard
        health and life plans and programs as now or as may be in effect for a
        period of two (2) years following the Termination Date, unless and until
        the Executive obtains new employment under which he is entitled to such
        coverage during that period;

        (ii) the balance of the Executive's Deferred Compensation Account under
        the Company's Deferred Compensation Plan, payable by the Company as soon
        as practicable after the Effective Date hereof, less applicable
        deductions, including, without limitation, federal and state
        withholding;

        (iii) the amounts representing the value of the Executive's vested
        benefits under the Company's Pension Plan, which shall be paid out in
        accordance with such Plan;




                                       3
<PAGE>   4

        (iv) the amounts representing the value of the Executive's vested
        benefits under the Company's 401k Plan, which shall be paid out in
        accordance with such Plan and the direction of the Executive;

        (v) a certificate representing 8,560 shares of MIIX Group common stock,
        $.01 par value per share, which, on the Termination Date, are fully
        vested, shall be deemed issued to the Executive on the Effective Date
        hereof and deemed tendered to the Company in accordance with Section
        4(iii) of this Separation Agreement, and the balance of the non-vested
        shares granted by the Company to the Executive pursuant to the Amended
        and Restated 1998 Long Term Incentive Equity Plan (8,560 shares) shall
        be forfeited by the Executive, who shall have no further right or
        interest therein;

        (vi) continuation of car allowance expense payments by the Company to
        the Executive in the amount of $1,000 per month for the lease of a 1998
        Lexus LS400 through March 2002, provided the Executive continues to
        maintain and pay liability and collision insurance on the vehicle as
        required by the vehicle lease; and

        (vii) payment by the Company of the costs of outplacement services
        rendered by an outplacement service firm up to the amount of $15,000,
        upon the submission of actual billings from such firm on behalf of the
        Executive.

        4.     STOCK PURCHASE AND LOAN AGREEMENTS: The Stock Purchase and Loan
Agreements, dated June 22, 1999 and December 15, 1999 (the "Stock Purchase
Agreements"), between the Company and the Executive are hereby amended as
follows:

        (i) Section 1.9 of the Stock Purchase Agreements is amended to provide
        that upon the termination of the Executive's employment by the Company
        without cause, the Executive's obligation to pay the promissory notes
        executed in connection with the stock purchases which are the subject of
        such Stock Purchase Agreements (the "Promissory Notes") is extended, to
        be paid, together with accrued interest thereon, on or prior to April
        13, 2006, which date shall, notwithstanding Section 1.4(a) of the Stock
        Purchase Agreements, be treated as the "Maturity Date" for all purposes
        under the Stock Purchase Agreements, and, correspondingly, the
        Executive's termination of employment without cause shall not be treated
        as an Event of Default in any place in which that term is used under the
        Stock Purchase Agreements;

        (ii) the Executive's obligation to pay the Promissory Notes shall be
        forgiven in the event of the Executive's death or total permanent
        disability (to be verified by a physician selected by the Company) prior
        to the Maturity Date; provided, however, that the Executive or his
        estate shall have transferred to the Company following such death or
        disability all right, title and interest in or to the Pledged Collateral
        (as defined in Section 3.1 of the Stock Purchase Agreements) or, in the
        event the fair market





                                       4
<PAGE>   5

        value of the Pledged Collateral exceeds the amount of principal and
        accrued interest owed under the Promissory Notes (the "Obligation"), the
        remaining Pledged Collateral, if any, with a fair market value in excess
        of the Obligation shall be promptly paid over to the Executive or his
        estate, as applicable, less applicable deductions, including, without
        limitation, federal and state withholding;

        (iii) effective as of the Effective Date hereof, the Executive shall be
        deemed to have tendered to the Company the shares of MIIX Group common
        stock that immediately prior to such disposition constitutes the Pledged
        Collateral under the Stock Purchase Agreements and the 8,560 shares of
        MIIX Group common stock referenced in Section 3(v) of this Separation
        Agreement and the Executive's Obligation to pay the Promissory Notes
        shall be reduced in the amount of the fair market value of such common
        stock calculated as of the date of this Separation Agreement. The
        Executive shall execute and deliver to the Company such stock powers as
        may be necessary to effectuate the transfer of the foregoing MIIX Group
        common stock to the Company;

        (iv) Section 3.1 of the Stock Purchase Agreements is amended to provide
        that the stock options represented by the Stock Option Agreements and
        the Phantom Stock Options referenced in Section 2(iii) of this
        Separation Agreement are hereby substituted as the Pledged Collateral in
        lieu and in place of the Pledged Collateral specified in Sections 3.1(a)
        and (b) of the Stock Purchase Agreements (the "Purchased Shares" of the
        Stock Purchase Agreements).

All other terms of the Stock Purchase Agreements and the Promissory Notes not
inconsistent with the foregoing, shall remain in full force and effect. For
purposes of this Section 4, "fair market value" shall have the meaning given
such term in Section 2.15.1 or 2.15.2 of the MIIX Group, Incorporated Amended
and Restated 1998 Long Term Incentive Equity Plan as in effect on June 1, 2001.
In addition, the term "market price" under the Phantom Stock Options referenced
in Section 2(iii) shall have the meaning ascribed to "fair market value" under
the preceding sentence.

        As of the end of each calendar quarter, and within 10 business days of
the close of such calendar quarter, the Company shall provide the Executive with
a written statement showing the unpaid principal and accrued interest to date.

        5.     STOCK OPTION AGREEMENTS:  MIIX Group and the Executive are
parties to the following Non-Qualified Stock Option Agreements (the "Stock
Option Agreements"):

        (i)    Option No. 2, effective July 29, 1999, granting to the Executive
        an option to purchase 80,000 shares of MIIX Group common stock at $13.50
        per share;





                                       5
<PAGE>   6

        (ii) Option No. 77, effective December 15, 1999, granting to the
        Executive an option to purchase 40,000 shares of MIIX Group common stock
        at $11.90625 per share; and

        (iii) Option No. 311, effective March 7, 2001, granting to the Executive
        an option to purchase 90,000 shares of MIIX Group common stock at $7.45
        per share.

        The Stock Option Agreements are subject to various vesting schedules and
Expiration Dates (as defined in the Stock Option Agreements). It is further
agreed between MIIX Group and the Executive that, notwithstanding any provision
of the Stock Option Agreements to the contrary, all options subject to the Stock
Option Agreements are deemed fully vested as of the Effective Date hereof and
may be exercised by the Executive all or in parts (but not for less than a whole
share) at any time up to and including April 13, 2006. As of April 14, 2006, any
such stock option or portion thereof that remains unexercised shall expire and
may no longer be exercised. It is also agreed between MIIX Group and the
Executive that, notwithstanding any provision of the Stock Option Agreements to
the contrary, the stock options or portions thereof under the Stock Option
Agreements that the Executive designates for exercise shall be treated as
phantom stock options as and when the Executive makes the designation, such that
as of each designation date MIIX Group shall pay the difference between the
option grant price and the fair market value of the MIIX Group common stock
under the Stock Option Agreements for the portion thereof being exercised. Any
such payment (less applicable deductions, including, without limitation, federal
and state withholding) shall be applied first in reduction of the Executive's
Obligation under the Promissory Notes until such Obligation is satisfied in full
and then paid to the Executive. For purposes of this Section 5, "fair market
value" shall have the meaning given such term in Section 2.15.1 or 2.15.2 of the
MIIX Group, Incorporated Amended and Restated 1998 Long Term Incentive Equity
Plan as in effect on June 1, 2001.

        Any and all dividends which may be declared prior to the expiration or
earlier exercise of the options with respect to the MIIX Group common stock
which is the subject of the Stock Option Agreements shall automatically be
applied to the Executive's Obligation under the Promissory Notes until such
Obligation is satisfied in full. All other terms of the Stock Option Agreements
not inconsistent with the foregoing, shall remain in full force and effect.


        6.     TRANSFER OF SECURITIES: The Executive acknowledges that certain
or all of the securities of the Company which he may currently own or which he
may be entitled to receive or purchase pursuant to the benefits set forth herein
are subject to restrictions on the transferability thereof as a result of
applicable law and the agreements pursuant to which such securities were
acquired. The Executive further acknowledges that transactions in the






                                       6
<PAGE>   7

securities of the Company effected by this Separation Agreement will be subject
to regulatory reporting requirements on the part of the Company and the
Executive.

        7.     LITIGATION; INDEMNIFICATION: (a) The Executive agrees to
cooperate with the Company as a party or witness as reasonably requested by the
Company or its counsel in connection with any pending or future litigation,
arbitration, adversary proceeding or claim pertaining to events that occurred on
or before the Termination Date in which the Company, its affiliates, directors,
officers or employees, are involved or interested, including but not limited to
giving interviews, reviewing documents, providing deposition or trial testimony
and other related activities. The Company will reimburse the Executive for
reasonable out-of-pocket expenses incurred by the Executive in providing such
cooperation.

        (b)    MIIX Group hereby acknowledges its obligation to indemnify the
Executive as provided by Article VI of its By-Laws for the reasons and causes
stated therein and pursuant to the terms thereof.

        8.     RESIGNATIONS FROM BOARDS OF DIRECTORS AND OFFICERSHIPS: The
Executive agrees, effective with the Termination Date, that he hereby resigns
from all of his positions as a member of the Board of Directors and as an
officer of the Company and of any of its subsidiaries and/or affiliates and that
the Executive shall execute the resignations attached hereto as Exhibit B and
any and all further documentation reasonably requested by the Company to
evidence such resignations.

        9.     RELEASE BY THE EXECUTIVE: Except as otherwise expressly provided
in this Separation Agreement, the Executive hereby releases and forever
discharges the Company from any and all causes of action, claims or demands,
known or unknown, up to the date of this Separation Agreement, including (i)
those relating to any obligation or liability of the Company to the Executive
under the Employment Agreement or the agreements and plans identified on
Schedule 1 hereto; (ii) those relating to his employment with the Company or the
termination thereof; (iii) those in tort including, but not limited to, those
for wrongful or retaliatory discharge in violation of public policy or
defamation; (iv) those in contract, whether express or implied; (v) those under
any Company policy, procedure or benefit plan; or (vi) those under any federal,
state or local law, including but not limited to Title VII of the Civil Rights
Act, the Americans With Disabilities Act, the Age Discrimination in Employment
Act, the Employee Retirement Income Security Act, the New Jersey Conscientious
Employee Protection Act, the New Jersey Law Against Discrimination and any other
federal, state or local law, rule or regulation pertaining to employment, wages,
discrimination, retaliation, or any other terms and conditions of employment.
The Executive gives up any claim to reinstatement and will not apply for
re-employment with the Company.

        10.    RELEASE BY THE COMPANY: Except as otherwise expressly provided in
this Separation Agreement, the Company hereby releases and forever discharges
the Executive





                                       7
<PAGE>   8

from any and all causes of action, claims or demands, known by its Board or
senior executive officers, up to the date of this Separation Agreement.

        11.    COMPLETE CONSIDERATION: The Executive acknowledges and agrees
that the above-described consideration is the total consideration which the
Executive shall receive from the Company and that he is not entitled to any
additional payments or consideration of any kind whatsoever under any agreement
with the Company or the Company's policies or benefit plans, including those
identified on Schedule 1 hereto.

        12.    CONFIDENTIALITY/RETURN OF CONFIDENTIAL INFORMATION: The Executive
acknowledges and agrees that he is bound by the confidentiality provisions
contained in Section 6 of the Employment Agreement, which provide, among other
things, that the Executive shall not disclose or use at any time any of the
Company's Confidential Information (as defined in the Employment Agreement). The
Executive further acknowledges and agrees that he is bound by the provisions of
Section 6.2 of the Employment Agreement pursuant to which the Executive
immediately shall deliver to the Company all documents and materials containing
Confidential Information relating to the business or affairs of the Company and
all other documents, materials and other property belonging to the Company or
its affiliates, or their customers or clients, that are in the possession or
under the control of the Executive.

        13.    NON-COMPETITION BY EXECUTIVE: (a) The Executive acknowledges the
provisions of Section 5 of the Employment Agreement relating to Non-Competition
and that, except as otherwise expressly provided in this Separation Agreement,
he remains bound by Section 5 of the Employment Agreement. The Parties hereby
agree, in lieu and in place of Section 5.2 of the Employment Agreement, that for
a period of one (1) year from and after the Termination Date, the Executive
shall not, as an employee, consultant or otherwise perform services, directly or
indirectly, for or on behalf of the following companies or their affiliates with
respect to medical malpractice, hospital liability and related lines of coverage
in the States of New Jersey or Pennsylvania:

        (i)    MLMIC Group/Princeton Insurance Companies

        (ii)   GE Global Insurance Group/Employers Reinsurance Corporation/The
               Medical Protective Company

        (iii)  American International Group

        (iv)   Chubb Group of Insurance Companies

        (iv)   Clarendon Insurance Group





                                       8
<PAGE>   9

        (vi)   Zurich Financial Services Group

        (vii)  Pro Mutual Group

        (viii) Any significant new entrants into the New Jersey or Pennsylvania
               medical malpractice, hospital liability or related lines of
               coverage markets. For purposes of this Section 13(a), significant
               new entrant shall mean any entity or group with which such entity
               is affiliated with capital equal to or greater than $100 million.

        (b)    The Executive further agrees not to make any disparaging remarks
or negative comments about the Company, its business practices or its personnel
matters and not to interfere with the relationship of the Company with its
customers or vendors, or request or cause any of the Company's customers or
vendors to alter, cancel or terminate any business relationship with the
Company.

        (c)    The Company agrees that it shall not make disparaging remarks or
negative comments about the Executive.

        (d)    Each Party hereto acknowledges and agrees that the provisions set
forth herein are reasonable and properly required for the protection of both
Parties. Each Party further acknowledges that any breach of these provisions
would expose the other Party to substantial and irreparable loss, and either
Party may enforce such provisions as well as this Separation Agreement by
injunctive or other equitable relief as necessary.

        14.    EXECUTIVE'S BREACH: The Executive agrees that in the event of a
material violation of any provision of this Separation Agreement by the
Executive, in addition to any and all other equitable and legal remedies which
may be available to it, the Company shall be entitled to withhold any remaining
payment or other benefits to be made or provided by it to the Executive under
this Separation Agreement, other than a payment relating to stock options under
Section 5 of this Separation Agreement to the extent utilized to reduce the
Executive's Obligation under the Promissory Notes or a payment to be made to the
Executive or his beneficiary under a plan intended to be qualified under section
401(a) of the Internal Revenue Code; provided however, that prior to withholding
such payment or benefit, the Company shall give written notice of the alleged
material breach to the Executive and allow him a reasonable opportunity of seven
days to cure such breach. The Executive acknowledges that the Company's remedies
are a reasonable measure of compensation for breach of this Separation
Agreement, and are not punitive in nature.

        15.    NO ADMISSION: Each Party acknowledges that nothing contained in
this Separation Agreement is intended to constitute an admission on the part of
either Party of a violation of any law or of any liability whatsoever.
Accordingly, this Separation Agreement





                                       9
<PAGE>   10

shall not be admissible as evidence in any proceeding as an admission, but only
in a proceeding to enforce its terms.

        16.    FURTHER ACTIONS: Each of the Parties shall use such Party's
reasonable best efforts to take such actions as may be necessary or reasonably
requested by the other Party hereto to carry out and consummate the transactions
contemplated by this Separation Agreement.

        17.    GOVERNING LAW; ARBITRATION: This Separation Agreement shall be
governed by and construed in accordance with the laws of the State of New
Jersey, without giving effect to the conflict of law principles thereof. Except
in the event of a breach or threat of breach of either of Sections 12 or 13
hereof, any controversy or claim arising out of or relating, directly or
indirectly, to this Separation Agreement or the breach thereof shall be finally
and conclusively settled by arbitration in New Jersey in accordance with the
Employment Arbitration Rules of the American Arbitration Association then in
force, and judgment upon the award by the arbitrator(s) may be entered in any
court having jurisdiction thereof.

        18.    SEVERABILITY: Should any provisions of this Separation Agreement
be held to be illegal, void or unenforceable, such provision shall be of no
force and effect. However, the illegality or unenforceability of any such
provision shall have no effect upon, and shall not impair the enforceability of,
any other provision of this Separation Agreement.

        19.    ENTIRE AGREEMENT:  This Separation Agreement contains the
complete understanding between the Company and Executive, and no other promises
or agreements shall be binding unless in writing and signed by such Parties.

        20.    COUNTERPARTS: This Separation Agreement may be executed in
counterparts, each of which shall be deemed to constitute an original and all of
which taken together shall constitute one and the same instrument.

        THE EXECUTIVE ACKNOWLEDGES THAT (I) HE HAS REVIEWED THIS SEPARATION
AGREEMENT AND THE RELEASE CONTAINED IN IT WITH THE ADVICE AND ASSISTANCE OF
COUNSEL; (II) HE HAS HAD TWENTY-ONE (21) DAYS TO INDICATE HIS DECISION TO ACCEPT
THE PAYMENTS AND OTHER BENEFITS PROVIDED FOR IN THIS SEPARATION AGREEMENT, OR TO
REJECT THE OFFERED PAYMENTS AND BENEFITS BY NOT SIGNING THIS SEPARATION
AGREEMENT; AND (III) HE HAS HAD SEVEN (7) DAYS AFTER SIGNING THIS SEPARATION
AGREEMENT TO CHANGE HIS MIND AND REVOKE THIS SEPARATION AGREEMENT. THIS
SEPARATION AGREEMENT AND THE RELEASE IN IT BECOME EFFECTIVE SEVEN (7) DAYS AFTER
THE EXECUTIVE HAS SIGNED IT (THAT IS, THE SEPARATION AGREEMENT'S "EFFECTIVE
DATE") IF THE EXECUTIVE HAS NOT EXERCISED HIS RIGHT DURING THAT TIME PERIOD TO
REVOKE THE SEPARATION AGREEMENT.






                                       10
<PAGE>   11

        BY SIGNING BELOW, THE COMPANY AND THE EXECUTIVE ACKNOWLEDGE AND AGREE
THAT THEY HAVE CAREFULLY READ AND UNDERSTAND THE TERMS OF THIS SEPARATION
AGREEMENT, ENTER INTO THIS SEPARATION AGREEMENT KNOWINGLY, VOLUNTARILY AND OF
THEIR OWN FREE WILL, UNDERSTAND ITS TERMS AND SIGNIFICANCE AND INTEND TO ABIDE
BY ITS PROVISIONS WITHOUT EXCEPTION.


        IN WITNESS WHEREOF, the Parties hereto have executed this Separation
Agreement as of the date indicated opposite their respective names.


Date:

-----------------                           ---------------------------
                                                   KENNETH KOREYVA


                                            THE MIIX GROUP, INCORPORATED

Date:
                                            By:
-----------------                              -----------------------------
                                                   Name:
                                                   Title:


                                            NEW JERSEY STATE MEDICAL UNDER-
                                            WRITERS, INC.

Date:
                                            By:
-----------------                              -----------------------------
                                                   Name:
                                                   Title:





                                       11
<PAGE>   12



                                   SCHEDULE 1

                              PLANS AND AGREEMENTS
1.      New Jersey State Medical Underwriters, Inc. Pension Plan

2.      New Jersey State Medical Underwriters, Inc. 401K Plan

3.      New Jersey State Medical Underwriters, Inc. Deferred Compensation Plan

4.      New Jersey State Medical Underwriters, Inc. Paid Time Off Plan

5.      The MIIX Group, Incorporated Bonus Incentive Plan

6.      The MIIX Group, Incorporated 1998 Long Term Incentive Equity Plan, as
        amended

7.      Stock Purchase and Loan Agreement and Promissory Note, dated June 22,
        1999

8.      Employment Agreement, dated December 15, 1999

9.      Stock Purchase and Loan Agreement and Promissory Note, dated December
        15, 1999

10.     Non-Qualified Stock Option Agreement No. 2, effective July 29, 1999

11.     Non-Qualified Stock Option Agreement No. 77, effective December 15, 1999

12.     Non-Qualified Stock Option Agreement No. 311, effective March 7, 2001







                                       12

</TEXT>
</DOCUMENT>
