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Non-Tech : pamc
PAMC 46.54+1.8%Nov 5 4:00 PM EST
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To: RON BL who wrote (192)4/4/1999 9:41:00 PM
From: Steven M. Kaplan  Read Replies (1) of 570
 
>>Note I - HPS E-Commerce Agreement

On May 29, 1998, HealthAxis, PAMCO, and Provident Health Services, Inc. ("PHS"), a wholly-owned subsidiary of PAMCO, entered into an Internet claims administration agreement with HPS (the "E-Commerce Agreement") which provides HPS with the right to be the exclusive administrator of all insurance business sold over HealthAxis' web site and any other form of electronic commerce ("e-commerce") used by HealthAxis underwritten by PILIC and PALHIC during the term of the E-Commerce Agreement. HealthAxis also agreed to use its best efforts to provide HPS with the right of first refusal to provide claims administration services for insurance business sold by HealthAxis but not underwritten by PILIC and PALHIC that may require the services of a third party administrator.<<
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