Contract analysis

I. Sponsor Overview — Quorum Insurance Holdings Corp.

II. Originator / Servicer — Quorum Premium Finance LLC

III. Transaction Structure & SPV Framework

IV. Capital Structure & Credit Enhancement

V. Collateral Overview — Receivables Pool Characteristics

VII. Historical Performance & Loss Analysis

VIII. Structural Protections & Early Amortization Triggers

IX. Liquidity Facility & Back-Up Servicing

X. Legal Framework — True Sale, Bankruptcy Remoteness, Perfection

XII. Regulatory Compliance Overview

XIII. Third-Party Participants

XIV. Requested Ratings & Preliminary Timeline

XV. Key Transaction Metrics Summary Appendix: Servicing Fees, Transaction Costs & Contact Information [slide 3]

I. Sponsor Overview — Quorum Insurance Holdings Corp. Full Legal Name: Quorum Insurance Holdings Corp. (NYSE: QIHC) Delaware corporation; headquartered at 400 Atlantic Street, Suite 2200, Stamford, CT 06901 Diversified platform: P&C insurance distribution, premium finance lending, and insurtech SaaS FY2021 consolidated revenue: $3.8 billion Total premium finance receivables portfolio: ~$2.1 billion Unsecured credit r

II. Originator / Servicer — Quorum Premium Finance LLC Full Legal Name: Quorum Premium Finance LLC — Delaware LLC, wholly owned subsidiary of QIH Principal Office: 400 Atlantic Street, Suite 2200, Stamford, CT 06901 (EIN: 84-2653198) Originates and services insurance premium finance loans to commercial policyholders across all 50 states Licensed premium finance company in all 50 states Total serviced portfolio: ~$2.1

III. Transaction Structure & SPV Framework Sponsor/Parent: Quorum Insurance Holdings Corp. (QIH) Originator/Seller: Quorum Premium Finance LLC (QPF) — sells receivables to QRH Depositor/Intermediate SPV: Quorum Receivables Holding LLC (QRH) — transfers receivables to QRF 2022-1 Issuer: Quorum Receivables Funding 2022-1 LLC (QRF 2022-1) — issues notes backed by receivables QRF 2022-1: Delaware LLC (DE SOS File No. 789

IV. Capital Structure & Credit Enhancement Total Issuance: $500,000,000 Class A Notes: $375,000,000 (75.0%) — Requested Rating: Aaa(p) — Credit Enhancement: 25.0% — Coupon Guidance: SOFR + 125 bps Class B Notes: $75,000,000 (15.0%) — Requested Rating: A1(p) — Credit Enhancement: 10.0% — Coupon Guidance: SOFR + 210 bps Class C Notes: $35,000,000 (7.0%) — Requested Rating: Baa2(p) — Credit Enhancement: 3.0% — Coupon Gu

V. Collateral Overview — Receivables Pool Characteristics Cut-Off Date: June 30, 2022 Initial Pool Balance: $612,000,000 Number of Loans: ~82,400 Average Loan Balance: ~$7,427 Weighted Average APR: 7.85% Weighted Average Original Term: 9.2 months Weighted Average Remaining Term: 5.7 months 60+ Day Delinquency Rate (at cut-off): 0.87% All loans are USD-denominated, secured by unearned premium refund rights Obligors: U

VI. Concentration Analysis Largest Single Obligor: 0.38% of pool ($2,325,600) — well below 0.75% limit Top 10 Obligors: 2.14% of pool ($13,096,800) Geographic Concentration (Top 3 States): Texas 14.2%, California 11.8%, Florida 9.6% (aggregate 35.6%) All states below 20% single-state concentration limit Concentration Limits in Indenture: — Single obligor ≤ 0.75% of pool — Single state ≤ 20% of pool — Single carrier ≤

VII. Historical Performance & Loss Analysis Historical Net Loss Rate (3-Year Average, 2019–2021): 0.42% Loss performance is driven by the secured nature of the collateral — unearned premium refund rights When a borrower defaults, the lender cancels the policy and recovers the unearned premium from the carrier Recovery mechanism significantly limits net losses 60+ Day Delinquency Rate at Cut-Off: 0.87% Premium finance

VIII. Structural Protections & Early Amortization Triggers Sequential Payment Waterfall: (1) Trustee fees/expenses → (2) Servicing fee → (3) Class A interest → (4) Class B interest → (5) Class C interest → (6) Class A principal → (7) Class B principal → (8) Class C principal → (9) Replenish OC to target → (10) Residual to Issuer Revolving Period: 24 months from closing — new eligible receivables added to pool Amortiz

IX. Liquidity Facility & Back-Up Servicing Liquidity Facility: $25,000,000 committed facility from Northvane Bank, N.A. — Commitment fee: 0.25% per annum on undrawn amount ($62,500/year) — Drawn rate: SOFR + 150 bps — Available to cover timing mismatches in collections and short-term liquidity needs Back-Up Servicer: Northvane Bank, N.A. (Diane Coletti, Managing Director, Structured Products) — Fee: $50,000 per annum

X. Legal Framework — True Sale, Bankruptcy Remoteness & Perfection True Sale Opinions: Calderwood & Harkness to deliver opinions that both transfers (QPF → QRH and QRH → QRF 2022-1) constitute true sales under New York law Non-Consolidation Opinions: Calderwood & Harkness to deliver opinions that QRF 2022-1 and QRH would not be substantively consolidated with QIH or QPF in bankruptcy UCC Perfection: Three layers of U

XI. Tax Structuring Summary Notes treated as debt for U.S. federal income tax purposes QRF 2022-1 treated as a disregarded entity (not a separate taxable entity) True sale characterization for federal income tax purposes — transfers constitute sales, not secured financings FATCA Compliance: Notes structured to comply with FATCA withholding requirements; non-U.S. holders subject to W-8 documentation State Tax Nexus: Q

XII. Regulatory Compliance Overview Offering: Rule 144A / Regulation S private placement — exempt from SEC registration under the Securities Act of 1933 Reg AB II: Transaction exempt from registration-based requirements; best-practice disclosure standards followed Dodd-Frank Risk Retention (Section 941): QIH retains 5% horizontal interest via $15M OC/retained interest Volcker Rule: 'Loan securitization' exclusion app

XIII. Third-Party Participants Structuring Agent / Lead Bookrunner: Ridgeline Capital Markets LLC (Julian Weatherstone; Rebecca Tran) Issuer's Counsel: Calderwood & Harkness LLP (Douglas Carmichael, Responsible Partner; Yuki Nakamura, Lead Associate) Underwriter's Counsel: Calloway & Brandt LLP (Harrison Collier, Lead Partner; Megan O'Shaughnessy, Senior Associate) Indenture Trustee / Paying Agent / Custodian: Calvon

XIV. Requested Ratings & Preliminary Timeline Requested Preliminary Ratings from Pinnacle Rating Services: — Class A Notes ($375M): Aaa(p) — Class B Notes ($75M): A1(p) — Class C Notes ($35M): Baa2(p) Key Upcoming Milestones: — Pinnacle preliminary ratings expected: Late August 2022 — First draft of core transaction documents: September 6, 2022 — First draft Offering Memorandum: September 14, 2022 — Near-final docume

XV. Key Transaction Metrics Summary Total Issuance: $500,000,000 | Initial Pool Balance: $612,000,000 Number of Loans: ~82,400 | Average Balance: ~$7,427 WA APR: 7.85% | WA Original Term: 9.2 months | WA Remaining Term: 5.7 months Historical Net Loss Rate (3-yr avg.): 0.42% | 60+ Day Delinquency: 0.87% Class A CE: 25.0% | Class B CE: 10.0% | Class C CE: 3.0% Revolving Period: 24 months | Amortization Period: 12 month