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Federated National Insurance Signs Agreement With AAA Club South

17 November 2000

Federated National Insurance Company Signs Statewide Marketing Agreement With AAA Club South
    PLANTATION, Fla., Nov. 16 Federated National Insurance
Company, wholly owned subsidiary of 21st Century Holding Company
, which is a vertically integrated financial services holding
company, is pleased to announce the signing of AAA Club South to it's growing
list of producers.  AAA executed an agreement with Assurance MGA to begin
marketing Federated National's property and casualty insurance through their
47 agencies, and 3.2 million members, in the state of Florida.
    "The name AAA has come to be a benchmark of superior service and value to
its many millions of members nationwide.  Federated National is proud to be a
part of such a renowned organization and is looking forward to a long lasting
relationship as we expand our product lines to other areas of the country,"
said Richard A. Widdicombe, President of Federated National Insurance Company.
    AAA has long been known as a leader in providing travel and emergency road
service to it's members.  Over the last six years they have become one of the
largest independent insurance agency chains in the state.
    AAA and other Federated National producers will utilize the Company's new
state-of-the-art processing system, which will provide immediate policy
numbers and declaration pages for insureds.  This system eliminates the delay
in relaying important documentation to the insureds and their mortgage
companies.
    21st Century Holding Company manages its insurance underwriting,
distribution and claims process through its subsidiaries.

    *     The Company underwrites standard and non-standard personal
          automobile insurance and mobile home, property and casualty
          insurance in the state of Florida through its subsidiary, Federated
          National Insurance Company.

    *     The Company has underwriting authority for third-party insurance
          companies, which it represents through a wholly owned managing
          general agent, Assurance Managing General Agents, Inc.

    *     Claims made by Federated National's insureds are internally
          processed by a wholly owned claims adjusting company, Superior
          Adjusting, Inc.

    *     The Company also offers premium financing to its own and third party
          insureds through a wholly owned subsidiary, Federated Premium
          Finance, Inc.

    *     Express Tax Service, Inc., an 80% owned subsidiary, licenses its
          brand name and its software to retail tax preparers and over the
          Internet

    *     The Company has applied for a charter to open the proposed FedFirst
          Bank, a Federally-Chartered Thrift

    *     The Company offers other ancillary services including electronic
          income tax filing, tax preparation and tag & title transfer services
          through Federated Agency Group, Inc., also a wholly owned
          subsidiary.