American Western Life Insurance Company (Utah)

Proof of Claim Updated

NOLHGA, on behalf of affected guaranty associations, filed updated Class 2 (expense) and Class 3 (policy-level) claims with the special deputy liquidator on March 14, 2006. Proof of claim amounts were submitted for Alaska, Arizona, California, Colorado, Idaho, Indiana, Louisiana, Missouri, Montana, Nevada, New Mexico, Oklahoma, Oregon, South Dakota, Tennessee, Texas, Utah, and Wyoming. The proof of claim was filed in anticipation of a final distribution to be made by the estate in 2006. Copies of the filing were also e-mailed to all affected guaranty associations. American Western was placed in liquidation in August 1997.

Task Force Chair - Chuck Renn;   Staff Contact - Executive Life Insurance Company (Calif.)

Aurora Defeasance Calculation Distributed

On March 14, 2006, NOLHGA distributed Aurora's defeasance calculation to the ELIC participating guaranty associations. Prior to 2002, the schedule was followed by an agreed upon procedures report from Arthur Andersen. At the January 2002 MPC meeting, the task force voted to forgo the annual review of the defeasance calculation. Accordingly, there will be no analysis of these schedules by Navigant Consulting. Any participating guaranty association considering defeasing should contact NOLHGA so that a more detailed review of the defeasance calculation can be undertaken.

Task Force Chair - Art Dummer;   Staff Contact -