Preliminary Schedule for January 2010 MPC Meeting Posted

The preliminary schedule for the January 2010 MPC meeting in Tampa has been posted on the meeting Web page. The file can be found in the "Meeting Resources" section.

The schedule is in PDF format, and users will need Adobe Acrobat Reader to view and print the file. Acrobat Reader is available free from Adobe.

If you have any trouble accessing the meeting Web page or schedule, please contact Dan Hicks at [email protected] or 703.787.4112. If you have any questions about the meeting, contact Sean McKenna at [email protected] or 703.787.4106.

  Staff Contact - Sean McKenna American Chambers Life Insurance Company (Ohio)

Estate Asset Distribution Received

On December 15, 2009, NOLHGA received a $12.8 million distribution of estate assets from the receiver for the American Chambers estate. NOLHGA plans to distribute the funds to the affected guaranty associations in early January 2010. If you do not receive your distribution by mid-January, please contact Gus Estrada at [email protected].

Task Force Chair - Chuck Gullickson;   Staff Contact - Executive Life Insurance Company (California)

Request for Defeasance Computation

As in prior years, any participating guaranty association (PGA) contemplating the possibility of defeasance in 2010 must make a request for a defeasance computation in writing to Aurora before year-end 2009. According to the Enhancement Agreement, Aurora then has 60 days after year-end to calculate the PGA's defeasance amount, and the PGA has until the 150th day after the preceding December 31 to decide whether or not to defease. Please note that notices should be sent to Aurora c/o CSC Financial Services Group at either of the following addresses:

55 Hartland Street
East Hartford, CT 06108

P.O. Box 4490
Hartford CT 06147-4490

On December 17, NOLHGA distributed to the PGAs a notice with additional information and a sample defeasance computation request on this subject. The notice also asks that NOLHGA be notified if any PGA is considering defeasance in 2010.

Task Force Chair - Art Dummer;   Staff Contact -