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style='mso-fareast-font-family:"Times New Roman"'><a href="http://email.openmoves.com/sendfriend.php?M=5844193&amp;C=0621c7f25108a0692700e3e23d37adc6&amp;L=821&amp;N=12&amp;uid=1170&amp;F=215&amp;i=4"><span style='text-decoration:none;text-underline:none'><img border=0 width=158 height=18 id="_x0000_i1026" src="images/bartlett-forward-to-friend.gif" style='display:block' alt="Forward to a Friend"></span></a><o:p></o:p></span></p> </td> <td width=95 valign=bottom style='width:71.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="mailto:sroshitsh@bartlettactuarialgroup.com"><span style='text-decoration: none;text-underline:none'><img border=0 width=95 height=18 id="_x0000_i1027" src="images/bartlett-contact-us.gif" style='display:block' alt="Contact Us"></span></a><o:p></o:p></span></p> </td> <td width=437 valign=bottom style='width:327.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=437 height=18 id="_x0000_i1028" src="images/2010-07-01.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> </div> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman";display:none;mso-hide:all'><o:p>&nbsp;</o:p></span></p> <div align=center> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=690 style='width:517.5pt;mso-cellspacing:0in;background:white;mso-yfti-tbllook: 1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=690 colspan=5 valign=top style='width:517.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://email.openmoves.com/link.php?M=5844193&amp;N=12&amp;uid=1170&amp;L=10&amp;F=H"><span style='text-decoration:none;text-underline:none'><img border=0 width=690 height=89 id="_x0000_i1029" src="images/bartlett-banner.jpg" style='display:block' alt="Bartlett Actuarial Group"></span></a><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=690 colspan=5 valign=top style='width:517.5pt;background:#FFFFCD; padding:0in 0in 0in 0in'> <div align=center> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=690 style='width:517.5pt;mso-cellspacing:0in;background:#FFFFCD;mso-yfti-tbllook: 1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=690 colspan=15 valign=top style='width:517.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=4 id="_x0000_i1030" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=13 valign=top style='width:9.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=13 height=1 id="_x0000_i1031" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=80 valign=top style='width:60.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="#StoryOne"><span style='font-size:7.5pt;font-family:"Verdana","sans-serif"; color:#4F4D40;text-decoration:none;text-underline:none'>Insights</span></a><o:p></o:p></span></p> </td> <td width=15 valign=top style='width:11.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=15 height=1 id="_x0000_i1032" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=130 valign=top style='width:97.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="#StoryTwo"><span style='font-size:7.5pt;font-family:"Verdana","sans-serif"; color:#4F4D40;text-decoration:none;text-underline:none'>Actuarial Challenge</span></a><o:p></o:p></span></p> </td> <td width=15 valign=top style='width:11.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=15 height=1 id="_x0000_i1033" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=90 valign=top style='width:67.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="#StoryThree"><span style='font-size:7.5pt;font-family:"Verdana","sans-serif"; color:#4F4D40;text-decoration:none;text-underline:none'>Today's Tip</span></a><o:p></o:p></span></p> </td> <td width=15 valign=top style='width:11.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=15 height=1 id="_x0000_i1034" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=80 valign=top style='width:60.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="#StoryFour"><span style='font-size:7.5pt;font-family:"Verdana","sans-serif"; color:#4F4D40;text-decoration:none;text-underline:none'>About Us</span></a><o:p></o:p></span></p> </td> <td width=15 valign=top style='width:11.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=15 height=1 id="_x0000_i1035" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=70 valign=top style='width:52.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="#StoryFive"><span style='font-size:7.5pt;font-family:"Verdana","sans-serif"; color:#4F4D40;text-decoration:none;text-underline:none'>News</span></a><o:p></o:p></span></p> </td> <td width=15 valign=top style='width:11.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=15 height=1 id="_x0000_i1036" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=60 valign=top style='width:45.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="#StorySix"><span style='font-size:7.5pt;font-family:"Verdana","sans-serif"; color:#4F4D40;text-decoration:none;text-underline:none'>Events</span></a><o:p></o:p></span></p> </td> <td width=15 valign=top style='width:11.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=15 height=1 id="_x0000_i1037" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=59 valign=top style='width:44.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=right style='text-align:right'><span style='mso-fareast-font-family:"Times New Roman"'><a href="#StorySeven"><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:#4F4D40; text-decoration:none;text-underline:none'>Services</span></a><o:p></o:p></span></p> </td> <td width=18 valign=top style='width:13.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=18 height=1 id="_x0000_i1038" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=690 colspan=15 valign=top style='width:517.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=5 id="_x0000_i1039" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3;mso-yfti-lastrow:yes'> <td width=690 colspan=15 valign=top style='width:517.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=690 height=6 id="_x0000_i1040" src="images/bartlett-gradient.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> </div> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=15 valign=top style='width:11.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=15 height=1 id="_x0000_i1041" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=396 style='width:297.0pt;mso-cellspacing:0in;background:white;mso-yfti-tbllook: 1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=22 id="_x0000_i1042" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><a name=StoryOne id=StoryOne></a><span style='mso-fareast-font-family: "Times New Roman";display:none;mso-hide:all'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=396 style='width:297.0pt;mso-cellspacing:0in;background:white;mso-yfti-tbllook: 1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=396 height=23 id="_x0000_i1043" src="images/2009-12-02.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=13 id="_x0000_i1044" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:13.5pt'><strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:black'>Insurance and Financial Strategies Using Captive Insurance Companies</span></strong><span style='font-size:10.0pt; font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"; color:black'><br> By Jeffrey Altman, FSA, MAAA<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=17 id="_x0000_i1045" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:13.5pt'><!--[if gte vml 1]><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"> <v:stroke joinstyle="miter"/> <v:formulas> <v:f eqn="if lineDrawn pixelLineWidth 0"/> <v:f eqn="sum @0 1 0"/> <v:f eqn="sum 0 0 @1"/> <v:f eqn="prod @2 1 2"/> <v:f eqn="prod @3 21600 pixelWidth"/> <v:f eqn="prod @3 21600 pixelHeight"/> <v:f eqn="sum @0 0 1"/> <v:f eqn="prod @6 1 2"/> <v:f eqn="prod @7 21600 pixelWidth"/> <v:f eqn="sum @8 21600 0"/> <v:f eqn="prod @7 21600 pixelHeight"/> <v:f eqn="sum @10 21600 0"/> </v:formulas> <v:path o:extrusionok="f" gradientshapeok="t" o:connecttype="rect"/> <o:lock v:ext="edit" aspectratio="t"/> </v:shapetype><v:shape id="_x0000_s1026" type="#_x0000_t75" alt="" style='position:absolute;margin-left:0;margin-top:0;width:81pt;height:90pt; z-index:251658240;mso-wrap-distance-left:0;mso-wrap-distance-top:0; mso-wrap-distance-right:0;mso-wrap-distance-bottom:0; mso-position-horizontal:left;mso-position-horizontal-relative:text; mso-position-vertical-relative:line' o:allowoverlap="f"> <v:imagedata src="images/bartlett-2010-07-01.jpg"/> <w:wrap type="square"/> </v:shape><![endif]--><![if !vml]><img width=108 height=120 src="images/bartlett-2010-07-01.jpg" align=left style='display:block' border=0 v:shapes="_x0000_s1026"><![endif]><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:black'>A captive insurance company is a company formed to issue insurance covering risks of its owner or owners. Property and casualty captive (P&amp;C) insurance companies issue insurance products such as general liability, workers compensation, E&amp;O, fire and environmental. <strong><span style='font-family:"Arial","sans-serif"'>By providing insurance protection to members of the complex, the captive is acting as an aggregator and manager of risks with the objective of minimizing the cost of its insurance programs</span></strong>. Stop loss/excess of loss reinsurance agreements entered into with external reinsurers protect the captives against catastrophic losses.<br> <br> Risks related to large group life, disability, medical, and other employee benefit programs have been transferred to the captive via fronting arrangements with the life insurance company acting as the direct issuer. <strong><span style='font-family:"Arial","sans-serif"'>The strategic objectives are for the captive to receive third party premium income, assume risk from a large insured group with predictable claims, and provide better employee benefit coverages to the employees of the company, (through ERISA requirements)</span></strong>.<br> <br> The life insurance industry has used Special Purpose Financial Captive (SPFC) regulations to assume reinsurance on capital intensive universal life and term life insurance business issued by life insurance company affiliates. <strong><span style='font-family:"Arial","sans-serif"'>The favorable financial regulations provided in onshore jurisdictions make the captive a desirable option to raise capital in the financial markets in the form of letters of credit or reserve financing arrangements</span></strong>. The ability of the captive to issue and account for surplus notes on the balance sheet as statutory equity provides additional financial flexibility.<br> <br> Use of domestic captive reinsurance companies within the life insurance industry today are designed to achieve strategic financial and risk objectives. Two specific examples include reinsurance transactions between the captive insurance company and the direct writing company that cover Level Premium Term Life Insurance and Variable Annuity contracts providing death benefit and living benefit guarantees. <strong><span style='font-family:"Arial","sans-serif"'>The life insurance industry achieves four strategic advantages by using on shore captive insurance companies</span></strong>:<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=10 id="_x0000_i1046" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:6'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=392 style='width:294.0pt;mso-cellspacing:0in;background:white; mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=20 valign=top style='width:15.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=right style='text-align:right;line-height: 13.5pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif"; mso-fareast-font-family:"Times New Roman";color:black'>(1)<o:p></o:p></span></p> </td> <td width=5 valign=top style='width:3.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=5 height=1 id="_x0000_i1047" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=367 valign=top style='width:275.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:13.5pt'><span style='font-size: 10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"; color:black'>The captive provides a central location to aggregate risk making it easier for the corporation to quantify and manage risk and match assets against liabilities.<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=392 colspan=3 valign=top style='width:294.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=8 id="_x0000_i1048" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=20 valign=top style='width:15.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=right style='text-align:right;line-height: 13.5pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif"; mso-fareast-font-family:"Times New Roman";color:black'>(2)<o:p></o:p></span></p> </td> <td width=5 valign=top style='width:3.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=5 height=1 id="_x0000_i1049" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=367 valign=top style='width:275.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:13.5pt'><span style='font-size: 10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"; color:black'>The captive can provide access to the capital markets to obtain letters of credit, reserve financing, and derivatives to support life insurance and variable annuity reinsurance programs.<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=392 colspan=3 valign=top style='width:294.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=8 id="_x0000_i1050" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=20 valign=top style='width:15.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=right style='text-align:right;line-height: 13.5pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif"; mso-fareast-font-family:"Times New Roman";color:black'>(3)<o:p></o:p></span></p> </td> <td width=5 valign=top style='width:3.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=5 height=1 id="_x0000_i1051" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=367 valign=top style='width:275.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:13.5pt'><span style='font-size: 10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"; color:black'>Onshore captive jurisdictions provide flexible regulatory and financial environments which allow the corporation to better manage capital needs.<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td width=392 colspan=3 valign=top style='width:294.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=8 id="_x0000_i1052" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:6;mso-yfti-lastrow:yes'> <td width=20 valign=top style='width:15.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=right style='text-align:right;line-height: 13.5pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif"; mso-fareast-font-family:"Times New Roman";color:black'>(4)<o:p></o:p></span></p> </td> <td width=5 valign=top style='width:3.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=5 height=1 id="_x0000_i1053" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=367 valign=top style='width:275.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:13.5pt'><span style='font-size: 10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"; color:black'>Captives domiciled in onshore jurisdictions that are part of tax consolidated groups can share in benefits arising from tax sharing agreements.<o:p></o:p></span></p> </td> </tr> </table> </td> </tr> <tr style='mso-yfti-irow:7'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=15 id="_x0000_i1054" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:8'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:13.5pt'><strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:black'>The use of onshore and offshore captive insurance companies are designed to meet specific risk and financial objectives identified by the corporation</span></strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:black'>. To understand the financial and business goals and objectives of the company, communication is needed between the Senior Management of the company, including CFO, the risk manager, the Business Unit heads, and the Treasurer. The next step in the strategic process would be to identify the reinsurance and capital markets solution that can meet the needs of the corporation.<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:9;mso-yfti-lastrow:yes'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=28 id="_x0000_i1055" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><a name=StoryTwo id=StoryTwo></a><span style='mso-fareast-font-family: "Times New Roman";display:none;mso-hide:all'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=396 style='width:297.0pt;mso-cellspacing:0in;background:white;mso-yfti-tbllook: 1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=396 height=22 id="_x0000_i1056" src="images/bartlett-2009-10-02.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=13 id="_x0000_i1057" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:13.5pt'><span style='font-size: 10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"; color:black'>This puzzle has been in a number of books and publications in the past few years. It has been successfully solved by Legare Gresham and Julie Ekdom at Bartlett Actuarial Group. Using the following six numbers and symbols, form three valid equations: 2, 3, 4, 5, -, =. Each number and symbol must be used once, and ONLY once, in each of the three equations.<br> <br> Hint: Two of the three equations are very similar in form.<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=24 id="_x0000_i1058" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://email.openmoves.com/link.php?M=5844193&amp;N=12&amp;uid=1170&amp;L=13&amp;F=H"><span style='text-decoration:none;text-underline:none'><img border=0 width=155 height=27 id="_x0000_i1059" src="images/bartlett-2009-10-01.jpg" style='display:block'></span></a><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5;mso-yfti-lastrow:yes'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=28 id="_x0000_i1060" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><a name=StoryThree id=StoryThree></a><span style='mso-fareast-font-family:"Times New Roman";display:none;mso-hide: all'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=396 style='width:297.0pt;mso-cellspacing:0in;background:white;mso-yfti-tbllook: 1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=396 height=22 id="_x0000_i1061" src="images/2009-12-03.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=13 id="_x0000_i1062" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:13.5pt'><span style='font-size: 10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"; color:black'>Do not worry if you do not have all of the data that your actuary has requested to complete the analysis for your program. The actuary can often work with what you have or your data may be supplemented with industry data. Be sure to discuss with your actuary the scope of his data request and the minimum amount of information that is needed to perform the analysis.<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3;mso-yfti-lastrow:yes'> <td width=396 valign=top style='width:297.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=24 id="_x0000_i1063" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> </td> <td width=31 valign=top style='width:23.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=31 height=1 id="_x0000_i1064" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=234 valign=top style='width:175.5pt;padding:0in 0in 0in 0in'> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=234 style='width:175.5pt;mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt: 0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes'> <td width=234 valign=top style='width:175.5pt;background:white; padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=13 id="_x0000_i1065" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"; display:none;mso-hide:all'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;height:.75pt'> <td colspan=3 valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in; height:.75pt'> <p class=MsoNormal style='mso-line-height-alt:.75pt'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1066" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1067" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td valign=top style='padding:0in 0in 0in 0in'> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=232 style='width:174.0pt;mso-cellspacing:0in;background:#E5E5E5; mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=232 colspan=3 valign=top style='width:174.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><a name=StoryFive id=StoryFive></a><span style='mso-fareast-font-family: "Times New Roman"'><img border=0 width=232 height=43 id="_x0000_i1068" src="images/bartlett-2009-10-04.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=232 colspan=3 valign=top style='width:174.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=10 id="_x0000_i1069" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=13 valign=top style='width:9.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=13 height=1 id="_x0000_i1070" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=206 valign=top style='width:154.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:12.75pt'><strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#131313'>Bartlett Actuarial Group is pleased to announce the following:</span></strong><span style='font-size:10.0pt; font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"; color:#131313'><br> <br> </span><!--[if gte vml 1]><v:shape id="_x0000_s1027" type="#_x0000_t75" alt="" style='position:absolute;margin-left:41pt;margin-top:0;width:81pt; height:90pt;z-index:251659264;mso-wrap-distance-left:0; mso-wrap-distance-top:0;mso-wrap-distance-right:0; mso-wrap-distance-bottom:0;mso-position-horizontal:right; mso-position-horizontal-relative:text; mso-position-vertical-relative:line' o:allowoverlap="f"> <v:imagedata src="images/bartlett-2010-07-02.jpg"/> <w:wrap type="square"/> </v:shape><![endif]--><![if !vml]><img width=108 height=120 src="images/bartlett-2010-07-02.jpg" align=right style='display:block' border=0 v:shapes="_x0000_s1027"><![endif]><strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#131313'>Julie Ekdom, ACAS, MAAA, who manages our Phoenix office, has been promoted to Vice President of Operations.</span></strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#131313'> Julie will continue her work on captive feasibility studies, financial condition examinations, reserve reviews and special studies as well as assuming additional responsibilities for managing the quality processes for company operations, systems and procedures. Her expertise will enable Bartlett Actuarial Group to continue to meet and exceed the demands of our ever growing market place. Please join us in congratulating Julie at <a href="mailto:juliee@bartlettactuarialgroup.com"><span style='color: #14618F'>juliee@<br> bartlettactuarialgroup.com</span></a><br> <br> </span><!--[if gte vml 1]><v:shape id="_x0000_s1028" type="#_x0000_t75" alt="" style='position:absolute;margin-left:41pt;margin-top:0;width:81pt; height:90pt;z-index:251660288;mso-wrap-distance-left:0; mso-wrap-distance-top:0;mso-wrap-distance-right:0; mso-wrap-distance-bottom:0;mso-position-horizontal:right; mso-position-horizontal-relative:text; mso-position-vertical-relative:line' o:allowoverlap="f"> <v:imagedata src="images/bartlett-2010-07-03.jpg"/> <w:wrap type="square"/> </v:shape><![endif]--><![if !vml]><img width=108 height=120 src="images/bartlett-2010-07-03.jpg" align=right style='display:block' border=0 v:shapes="_x0000_s1028"><![endif]><strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#131313'>Melanie Morin has joined our team as an Actuarial Analyst.</span></strong><span style='font-size:10.0pt; font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"; color:#131313'> Melanie is a graduate of Arizona State and has passed the first three actuarial examinations. Her previous experience as an analyst at Nautilus Insurance Company will make her a valuable asset to our growing company. Melanie may be reached at (602) 441-3504 or <a href="mailto:melaniem@bartlettactuarialgroup.com"><span style='color:#14618F'>melaniem@<br> bartlettactuarialgroup.com</span></a><br> <br> <strong><span style='font-family:"Arial","sans-serif"'>Bartlett Actuarial Group has a new office in Phoenix, Arizona.</span></strong> The new address is 4700 E Thomas Road, Suite 106, Phoenix, AZ 85018. Julie Ekdom manages this office and can be reached at 602-956-3293.<br> <br> <strong><span style='font-family:"Arial","sans-serif"'>Bartlett Actuarial Group proudly announces the opening of our new office in New York City</span></strong> at 137 East 36 St, Suite 19F, NY, NY 10016. Jeffrey Altman, FSA, MAAA, who manages that office, leads the Life and Health practice for Bartlett Actuarial Group. Jeffrey may be reached at <a href="mailto:jeffreya@bartlettactuarialgroup.com"><span style='color:#14618F'>jeffreya@<br> bartlettactuarialgroup.com</span></a> or at 917-842-4945.<o:p></o:p></span></p> </td> <td width=13 valign=top style='width:9.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=right style='text-align:right'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=13 height=1 id="_x0000_i1071" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3;mso-yfti-lastrow:yes'> <td width=232 colspan=3 valign=top style='width:174.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=18 id="_x0000_i1072" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> </td> <td valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1073" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2;mso-yfti-lastrow:yes;height:.75pt'> <td colspan=3 valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in; height:.75pt'> <p class=MsoNormal style='mso-line-height-alt:.75pt'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1074" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"; display:none;mso-hide:all'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=234 style='width:175.5pt;mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt: 0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes'> <td width=234 valign=top style='width:175.5pt;background:white; padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=14 id="_x0000_i1075" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"; display:none;mso-hide:all'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;height:.75pt'> <td colspan=3 valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in; height:.75pt'> <p class=MsoNormal style='mso-line-height-alt:.75pt'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1076" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1077" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td valign=top style='padding:0in 0in 0in 0in'> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=232 style='width:174.0pt;mso-cellspacing:0in;background:#E5E5E5; mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=232 colspan=3 valign=top style='width:174.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><a name=StorySix id=StorySix></a><span style='mso-fareast-font-family: "Times New Roman"'><img border=0 width=232 height=43 id="_x0000_i1078" src="images/bartlett-2009-10-05.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=232 colspan=3 valign=top style='width:174.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=10 id="_x0000_i1079" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=13 valign=top style='width:9.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=13 height=1 id="_x0000_i1080" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=206 valign=top style='width:154.5pt;padding:0in 0in 0in 0in'> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=198 style='width:148.5pt;mso-cellspacing:0in;mso-yfti-tbllook: 1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-row-margin-right: 1.0in'> <td width=198 colspan=2 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:12.75pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#303030'>Bartlett Actuarial Group will be in attendance at the following events during 2010. If you are attending and would like to meet, please give us a call.<o:p></o:p></span></p> </td> <td style='mso-cell-special:placeholder;border:none;padding:0in 0in 0in 0in' width=96 colspan=3><p class='MsoNormal'>&nbsp;</td> </tr> <tr style='mso-yfti-irow:1'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=14 id="_x0000_i1081" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1082" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='font-size:8.5pt;font-family:"Arial","sans-serif"; mso-fareast-font-family:"Times New Roman";color:#303030'>VCIA - Burlington, VT,<br> August 10 - 12, 2010<o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:3'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=12 id="_x0000_i1083" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1084" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='font-size:8.5pt;font-family:"Arial","sans-serif"; mso-fareast-font-family:"Times New Roman";color:#303030'>SCCIA - Charleston, SC,<br> September 13 - 15, 2010<o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:5'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=12 id="_x0000_i1085" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:6'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1086" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='font-size:8.5pt;font-family:"Arial","sans-serif"; mso-fareast-font-family:"Times New Roman";color:#303030'>CIC-DC - Washington, DC,<br> September 2010<o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:7'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=12 id="_x0000_i1087" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:8'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1088" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='font-size:8.5pt;font-family:"Arial","sans-serif"; mso-fareast-font-family:"Times New Roman";color:#303030'>NCIA - Las Vegas, NV,<br> September 26 - 28, 2010<o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:9'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=12 id="_x0000_i1089" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:10'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1090" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='font-size:8.5pt;font-family:"Arial","sans-serif"; mso-fareast-font-family:"Times New Roman";color:#303030'>KYCA - Louisville, KY,<br> November 3-4, 2010<o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:11'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=12 id="_x0000_i1091" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:12'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1092" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='font-size:8.5pt;font-family:"Arial","sans-serif"; mso-fareast-font-family:"Times New Roman";color:#303030'>Cayman - Grand Cayman,<br> November 30 - December 2, 2010<o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:13'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=12 id="_x0000_i1093" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:14;mso-yfti-lastrow:yes'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1094" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='font-size:8.5pt;font-family:"Arial","sans-serif"; mso-fareast-font-family:"Times New Roman";color:#303030'>DCIA - Wilmington, DE-<br> Dates TBD<o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> </table> </td> <td width=13 valign=top style='width:9.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=right style='text-align:right'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=13 height=1 id="_x0000_i1095" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3;mso-yfti-lastrow:yes'> <td width=232 colspan=3 valign=top style='width:174.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=18 id="_x0000_i1096" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> </td> <td valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1097" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2;mso-yfti-lastrow:yes;height:.75pt'> <td colspan=3 valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in; height:.75pt'> <p class=MsoNormal style='mso-line-height-alt:.75pt'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1098" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"; display:none;mso-hide:all'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=234 style='width:175.5pt;mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt: 0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes'> <td width=234 valign=top style='width:175.5pt;background:white; padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=14 id="_x0000_i1099" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"; display:none;mso-hide:all'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;height:.75pt'> <td colspan=3 valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in; height:.75pt'> <p class=MsoNormal style='mso-line-height-alt:.75pt'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1100" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1101" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td valign=top style='padding:0in 0in 0in 0in'> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=232 style='width:174.0pt;mso-cellspacing:0in;background:#E5E5E5; mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=232 colspan=3 valign=top style='width:174.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><a name=StorySeven id=StorySeven></a><span style='mso-fareast-font-family: "Times New Roman"'><img border=0 width=232 height=43 id="_x0000_i1102" src="images/bartlett-2009-10-06.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=232 colspan=3 valign=top style='width:174.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=10 id="_x0000_i1103" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=13 valign=top style='width:9.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=13 height=1 id="_x0000_i1104" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=206 valign=top style='width:154.5pt;padding:0in 0in 0in 0in'> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=198 style='width:148.5pt;mso-cellspacing:0in;mso-yfti-tbllook: 1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-row-margin-right: 1.0in'> <td width=198 colspan=2 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:12.75pt'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#303030'>Our services include:<o:p></o:p></span></p> </td> <td style='mso-cell-special:placeholder;border:none;padding:0in 0in 0in 0in' width=96 colspan=3><p class='MsoNormal'>&nbsp;</td> </tr> <tr style='mso-yfti-irow:1'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=18 id="_x0000_i1105" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1106" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://email.openmoves.com/link.php?M=5844193&amp;N=12&amp;uid=1170&amp;L=3&amp;F=H"><span style='font-size:8.5pt;font-family:"Arial","sans-serif";color:#2C7898'>Captive program formation</span></a><o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:3'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=4 id="_x0000_i1107" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1108" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://email.openmoves.com/link.php?M=5844193&amp;N=12&amp;uid=1170&amp;L=3&amp;F=H"><span style='font-size:8.5pt;font-family:"Arial","sans-serif";color:#2C7898'>Self-Insurance programs</span></a><o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:5'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=4 id="_x0000_i1109" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:6'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1110" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://email.openmoves.com/link.php?M=5844193&amp;N=12&amp;uid=1170&amp;L=3&amp;F=H"><span style='font-size:8.5pt;font-family:"Arial","sans-serif";color:#2C7898'>Reserve analyses and statutory opinions</span></a><o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:7'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=4 id="_x0000_i1111" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:8'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1112" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://email.openmoves.com/link.php?M=5844193&amp;N=12&amp;uid=1170&amp;L=4&amp;F=H"><span style='font-size:8.5pt;font-family:"Arial","sans-serif";color:#2C7898'>Expert witness support</span></a><o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:9'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=4 id="_x0000_i1113" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:10'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1114" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://email.openmoves.com/link.php?M=5844193&amp;N=12&amp;uid=1170&amp;L=5&amp;F=H"><span style='font-size:8.5pt;font-family:"Arial","sans-serif";color:#2C7898'>Mergers and acquisitions analyses</span></a><o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:11'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=4 id="_x0000_i1115" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:12'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1116" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://email.openmoves.com/link.php?M=5844193&amp;N=12&amp;uid=1170&amp;L=6&amp;F=H"><span style='font-size:8.5pt;font-family:"Arial","sans-serif";color:#2C7898'>Run off decision support</span></a><o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:13'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=4 id="_x0000_i1117" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:14'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1118" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://email.openmoves.com/link.php?M=5844193&amp;N=12&amp;uid=1170&amp;L=7&amp;F=H"><span style='font-size:8.5pt;font-family:"Arial","sans-serif";color:#2C7898'>Rate filing support services</span></a><o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> <tr style='mso-yfti-irow:15'> <td width=198 colspan=5 valign=top style='width:148.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=4 id="_x0000_i1119" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:16;mso-yfti-lastrow:yes'> <td width=16 valign=top style='width:12.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=16 height=11 id="_x0000_i1120" src="images/bartlett-bullet.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=182 valign=top style='width:136.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://email.openmoves.com/link.php?M=5844193&amp;N=12&amp;uid=1170&amp;L=7&amp;F=H"><span style='font-size:8.5pt;font-family:"Arial","sans-serif";color:#2C7898'>Financial Condition Examinations</span></a><o:p></o:p></span></p> </td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> <td style='padding:0in 0in 0in 0in'></td> </tr> </table> </td> <td width=13 valign=top style='width:9.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=right style='text-align:right'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=13 height=1 id="_x0000_i1121" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3;mso-yfti-lastrow:yes'> <td width=232 colspan=3 valign=top style='width:174.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=18 id="_x0000_i1122" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> </td> <td valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1123" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2;mso-yfti-lastrow:yes;height:.75pt'> <td colspan=3 valign=top style='background:#BFBFBF;padding:0in 0in 0in 0in; height:.75pt'> <p class=MsoNormal style='mso-line-height-alt:.75pt'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1124" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> </td> <td width=14 valign=top style='width:10.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=14 height=1 id="_x0000_i1125" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=690 colspan=5 valign=top style='width:517.5pt;padding:0in 0in 0in 0in'> <div align=center> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;height:.75pt'> <td colspan=3 valign=top style='background:#B8BC8A;padding:0in 0in 0in 0in; height:.75pt'> <p class=MsoNormal style='mso-line-height-alt:.75pt'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1126" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td valign=top style='background:#B8BC8A;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1127" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td valign=top style='padding:0in 0in 0in 0in'> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=686 style='width:514.5pt;mso-cellspacing:0in;background:#FFFFCD; mso-yfti-tbllook:1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=686 colspan=11 valign=top style='width:514.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal align=center style='text-align:center'><a name=StoryFour id=StoryFour></a><span style='mso-fareast-font-family: "Times New Roman"'><img border=0 width=686 height=35 id="_x0000_i1128" src="images/bartlett-2009-10-07.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=686 colspan=11 valign=top style='width:514.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=12 id="_x0000_i1129" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=27 valign=top style='width:20.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=27 height=1 id="_x0000_i1130" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=632 colspan=9 valign=top style='width:474.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:14.25pt'><span style='font-size: 10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family:"Times New Roman"; color:#4F4D40'>Bartlett Actuarial Group, Ltd. is an independent property and casualty actuarial and risk management consulting firm offering services to a nationwide clientele. We develop the mathematical models and analytical tools that help our valued clients quantify, evaluate, and manage the costs associated with their insurance and risk management.<o:p></o:p></span></p> </td> <td width=27 valign=top style='width:20.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=27 height=1 id="_x0000_i1131" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=686 colspan=11 valign=top style='width:514.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=12 id="_x0000_i1132" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=27 valign=top style='width:20.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=27 height=1 id="_x0000_i1133" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=9 valign=top style='width:6.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=9 height=1 id="_x0000_i1134" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=138 valign=top style='width:103.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:14.25pt'><strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#4F4D40'>South Carolina</span></strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#4F4D40'><br> 145 King Street,<br> Suite 203<br> Charleston, SC 29401<br> 843-377-0993<o:p></o:p></span></p> </td> <td width=20 valign=top style='width:15.0pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=20 height=1 id="_x0000_i1135" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=138 valign=top style='width:103.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:14.25pt'><strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#4F4D40'>Vermont</span></strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#4F4D40'><br> 289 College Street<br> Burlington, VT 05401<br> 802-861-3072<o:p></o:p></span></p> </td> <td width=21 valign=top style='width:15.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=21 height=1 id="_x0000_i1136" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=138 valign=top style='width:103.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:14.25pt'><strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#4F4D40'>New York</span></strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#4F4D40'><br> 137 East 36 St,<br> Suite 19F<br> NY, NY 10016<br> 917-842-4945<o:p></o:p></span></p> </td> <td width=21 valign=top style='width:15.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=21 height=1 id="_x0000_i1137" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=138 valign=top style='width:103.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal style='line-height:14.25pt'><strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#4F4D40'>Arizona</span></strong><span style='font-size:10.0pt;font-family:"Arial","sans-serif";mso-fareast-font-family: "Times New Roman";color:#4F4D40'><br> 4700 E Thomas Road,<br> Suite 106<br> Phoenix, AZ 85018<br> 602-956-3293<o:p></o:p></span></p> </td> <td width=9 valign=top style='width:6.75pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=9 height=1 id="_x0000_i1138" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> <td width=27 valign=top style='width:20.25pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=27 height=1 id="_x0000_i1139" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5;mso-yfti-lastrow:yes'> <td width=686 colspan=11 valign=top style='width:514.5pt;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=12 id="_x0000_i1140" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <![if !supportMisalignedColumns]> <tr height=0> <td width=27 style='border:none'></td> <td width=9 style='border:none'></td> <td width=138 style='border:none'></td> <td width=20 style='border:none'></td> <td width=138 style='border:none'></td> <td width=21 style='border:none'></td> <td width=138 style='border:none'></td> <td width=21 style='border:none'></td> <td width=138 style='border:none'></td> <td width=9 style='border:none'></td> <td width=27 style='border:none'></td> </tr> <![endif]> </table> </td> <td valign=top style='background:#B8BC8A;padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1141" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2;mso-yfti-lastrow:yes;height:.75pt'> <td colspan=3 valign=top style='background:#B8BC8A;padding:0in 0in 0in 0in; height:.75pt'> <p class=MsoNormal style='mso-line-height-alt:.75pt'><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1142" src="images/spcr.gif" style='display:block'><o:p></o:p></span></p> </td> </tr> </table> </div> </td> </tr> <tr style='mso-yfti-irow:4;mso-yfti-lastrow:yes'> <td width=690 colspan=5 valign=top style='width:517.5pt;background:#A8A8A8; padding:0in 0in 0in 0in'> <div align=center> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=690 style='width:517.5pt;mso-cellspacing:0in;background:#FFFFCD;mso-yfti-tbllook: 1184;mso-padding-alt:0in 0in 0in 0in'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=690 colspan=3 valign=top style='width:517.5pt;background:white; padding:0in 0in 0in 0in'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><img border=0 width=1 height=1 id="_x0000_i1143" src="images/spcr.gif" 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