Common use of RECITALS AND BACKGROUND Clause in Contracts

RECITALS AND BACKGROUND. D.1. MEGA is and has been a licensed insurance company domiciled in the State of Oklahoma. D.2. Mid-West is a licensed insurance company domiciled in the State of Texas. Mid- West was formerly domiciled in the State of Tennessee. D.3. Chesapeake is and has been a licensed insurance company domiciled in the State of Oklahoma. D.4. MEGA and Mid-West are subsidiaries of HealthMarkets, Inc. (“HealthMarkets”) (formerly known as UICI), a Delaware corporation, with its principal place of business in North Richland Hills, Texas. Chesapeake is a subsidiary of MEGA. MEGA, Mid-West, and Chesapeake are each bound by any continuing conditions imposed upon them, regardless of their subsidiary status. D.5. On March 15, 2005, the States of Washington and Alaska issued a call letter to UICI1 for a multi-state examination with stated examination objectives. Those objectives are fully set forth in the Report, Attachment A to this Agreement, at pages 6 – 7.

Appears in 3 contracts

Sources: Regulatory Settlement Agreement, Regulatory Settlement Agreement, Regulatory Settlement Agreement