pamc Message Board - Msg: 9344444

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Non-Tech : pamc

PAMC 46.82

+2.4%

Nov 5 4:00 PM EST

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To: Goodboy who wrote (267)	5/5/1999 7:16:00 PM
From: Steven M. Kaplan	of 570

Carrier Partner Alliances In March 1999, HealthAxis amended its January 1999 Carrier Partner Agreement with the MEGA Life & Health Insurance Company and Midwest National Life Insurance Company of Tennessee, subsidiaries of UICI, to offer health insurance products on the HealthAxis' website with claims processing to be performed by Insurdata Incorporated, a subsidiary of UICI. It is currently estimated that HealthAxis will commence offering UICI's insurance products on its website by late 1999. HealthAxis and Provident also granted UICI rights similar to the rights granted to AOL in the Stockholders Agreement, subject to the priority rights to AOL until HealthAxis completes a Qualified Public Offering or a Qualified Merger as defined in the Certificate of Designation related to the Series C Preferred Stock. HealthAxis also agreed to provide UICI with a one-time right to nominate one nominee for election as a director, which is in addition to the nomination rights granted to the holders of the Series C Preferred Stock. UICI purchased $5.0 million of the Series C Preferred Stock of HealthAxis.

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