March 28, 2003

Bankers Commercial Life Insurance Company (Tex.)

Funding for First True-up Due Soon

Guaranty association funding for the first true-up of the assumption reinsurance agreement with Philadelphia American Life Insurance Company is due March 31, 2003 (if by check), or April 1, 2003 (if by wire). A memorandum including funding amounts and payment instructions was sent to affected guaranty associations on March 7. Please contact Paul Peterson (703.787.4119; [email protected]) or Gus Estrada (703.787.4131; [email protected]) if you did not receive the memo. The closing is expected to occur April 4.

Task Force Chair - William Falck;   Staff Contact - Paul Peterson Coastal States Life Insurance Company (Ga.)

Updated Proof of Claims Filings Due April 7

Updated guaranty association proof of claims filings are due April 7, 2003. Submissions should be made using the NOLHGA Web site's proof of claims system.

Task Force Chair - Jack Falkenbach;   Staff Contact - Investment Life Insurance Company of America (N.C.)

Updated Proof of Claims Filings Due April 4

Updated guaranty association proof of claims filings are due April 4, 2003. Submissions should be made using the NOLHGA Web site's proof of claims system.

Task Force Chair - Frank Gartland;   Staff Contact - Paul Peterson

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