Prior Notice Of A Transaction (Page 2 of 5) in pdf

ITEM 2.

DESCRIPTION OF THE TRANSACTION

Furnish the following information for each transaction for which notice is being given:

(a)

A statement as to whether notice is being given under Chapter 692C of Nevada Revised

Statutes, Section 363, subsections 1(a), (b), (c), (d), or (e);

(b)

A statement of the nature of the transaction; and

(c)

A statement of how the transaction meets the ‘fair and reasonable’ standard of Chapter

692C of Nevada Revised Statutes, Section 360, subsection 1(a);

(d)

The proposed effective date of the transaction.

ITEM 3.

SALES, PURCHASES, EXCHANGES, LOANS, EXTENSIONS OF CREDIT,

GUARANTEES OR INVESTMENTS

Furnish a brief description of the amount and source of funds, securities, property or other

consideration for the sale, purchase, exchange, loan, extension of credit, guarantee, or investment,

whether any provision exists for purchase by the insurer filing notice, by any party to the transaction, or

by any affiliate of the insurer filing notice, a description of the terms of any securities being received, if

any, and a description of any other agreements relating to the transaction such as contracts or agreements

for services, consulting agreements and the like. If the transaction involves other than cash, furnish a

description of the consideration, its cost and its fair market value, together with an explanation of the

basis for evaluation.

If the transaction involves a loan, extension of credit or a guarantee, furnish a description of the

maximum amount which the insurer will be obligated to make available under such loan, extension of

credit or guarantee, the date on which the credit or guarantee will terminate, and any provisions for the

accrual of or deferral of interest.

If the transaction involves an investment, guarantee or other arrangement, state the time period

during which the investment, guarantee or other arrangement will remain in effect, together with any

provisions for extensions or renewals of such investments, guarantees or arrangements. Furnish a brief

statement as to the effect of the transaction upon the insurer's surplus.

No notice need be given if the maximum amount which can at any time be outstanding or for

which the insurer can be legally obligated under the loan, extension of credit or guarantee is less than (a)

in the case of non-life insurers, the lesser of 3% of the insurer's admitted assets or 25% of surplus as

regards policyholders, or (b) in the case of life insurers, 3% of the insurer's admitted assets, each as of

the 31st day of December next preceding.

NDOI-411 / July 2016

Prior Notice Of A Transaction Page 2