Associated Health Assurance

Provided hospital professional liability (non-physician) insurance policy, on a first dollar basis, exclusively to north memorial Health care. Specific coverage provided: $2mm each claim, $4mm in the aggregate on a claims-made basis, with a retroactive date of 3-1-1976. 8 new professional liability claims were made during the year. $53,938 was paid on new claims during the year, while $431,683 was paid on claims from prior policy years.

Provided workers compensation and employers liability deductible insurance policy that covered north memorial Health care's $750,000 per claim deductible with respect to its worker's compensation insurance policy that is carried by a different third-party insurance company ($15.875mm in annual aggregate). North memorial Health care makes monthly workers' compensation payments to its insurance provider then submits a claim for reimbursement from Associated Health Assurance for its insured deductible. 397 new workers' compensation indemnity claims and/or medical claims were made during the year. $965,551 was paid on new claims during the year, while $2,062,044 was paid on claims from prior policy years.