Office of Insurance Regulation re Quarterly Financial Statements 8/18/06

Jan 14, 2007

We have been asked by the Office of Insurance Regulation (“Office”) to remind appropriate parties within the industry that the Office has created and implemented the Regulatory Electronic Filing System (“REFS”), which allows companies to submit their financial-related documentation, requests, and other correspondence electronically to the Office. The Office has advised us that annual and quarterly financial statements must be filed utilizing REFS and that paper filings are no longer permitted. Some insurers have not submitted their second quarter financial statements through REFS. This should be corrected in order to assure compliance.

We have attached the Informational Memorandum previously issued by the Office and the amended electronic filing requirements applicable to: property and casualty insurers; life and health insurers; and certain designated health insurers.

If you have any questions or comments, please feel free to contact this office.

Regards,

Fred E. Karlinsky