Early Access

	RECIPROCAL OF AMERICA AND THE RECIPROCAL GROUP
	In Receivership for Liquidation

EARLY ACCESS DISBURSEMENT TO GUARANTY ASSOCIATIONS

Question: Have the state insurance guaranty associations ("GAs") requested that the Deputy Receiver or the State Corporation Commission of the Commonwealth of Virginia (the "Commission") disburse the available assets of ROA?

Answer: Yes. On December 15, 2003, the Virginia Property and Casualty Insurance Guaranty Association ("VPCIGA") filed an Application for Disbursement of Assets (with related documents) with the Commission which requested that the Commission disburse the available assets of ROA. The Commission assigned VPCIGA’s application to a Hearing Examiner. Several other GAs are also participating in this matter. For details regarding this application and subsequent proceedings, the legal files should be reviewed carefully.

Question: Is there a plan for disbursement of available assets?

Answer: There have been a number of proposals made by the parties, but no plan has yet been agreed upon or adopted by the Commission.

Question:	Have the state insurance guaranty associations ("GAs") requested that the Deputy Receiver or the State Corporation Commission of the Commonwealth of Virginia (the "Commission") disburse the available assets of ROA?

Answer:	Yes. On December 15, 2003, the Virginia Property and Casualty Insurance Guaranty Association ("VPCIGA") filed an Application for Disbursement of Assets (with related documents) with the Commission which requested that the Commission disburse the available assets of ROA. The Commission assigned VPCIGA’s application to a Hearing Examiner. Several other GAs are also participating in this matter. For details regarding this application and subsequent proceedings, the legal files should be reviewed carefully.

Question:	Is there a plan for disbursement of available assets?

Answer:	There have been a number of proposals made by the parties, but no plan has yet been agreed upon or adopted by the Commission.