SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report October 21, 1996
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UNITED COMPANIES LIFE INSURANCE COMPANY
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
33-91358
33-91362
33-95968
LOUISIANA 33-95778 72-0475131
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
8545 United Plaza Boulevard, Baton Rouge, LA 70809-2251
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 504/924-6007
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Not Applicable
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(Former name or former address, if changes since last report.)
<PAGE>
Item 4. Change in Registrant's Certifying Accountants.
As previously reported on Form 8-K on August 13, 1996, Pacific Life and
Accident Insurance Company, a wholly-owned subsidiary of PennCorp Financial
Group, Inc. ("PennCorp"), acquired 100% of the outstanding stock of
United Companies Life Insurance Company ("UCLIC"), a wholly-owned subsidiary
of United Companies Financial Corporation ("UCFC"), pursuant to an Amended and
Restated Stock Purchase Agreement dated as of July 24, 1996.
As a result of the transaction described above, UCLIC's Board of
Directors has approved the engagement of KPMG Peat Marwick LLP as its
certifying accountants effective October 17, 1996. KPMG Peat Marwick
currently serves PennCorp and its subsidiaries as its certifying accountants.
UCLIC previously utilized the services of Deloitte and Touche LLP, the
certifying accountants used by its former parent, UCFC. The UCLIC audit
reports issued by Deloitte and Touche LLP expressed unqualified opinions.
There were no disagreements concerning any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedures
which led to this decision.
Accompanying this Form 8-K is an acknowledgment letter from Deloitte and
Touche LLP.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
UNITED COMPANIES LIFE INSURANCE CORPORATION
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(Registrant)
Date: October 21, 1996 By: /s/ Robert B. Thomas, Jr.
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Robert B. Thomas, Jr., Chairman and President
DELOITTE & TOUCHE LLP
BATON ROUGE, LA
October 17, 1996
Mr. Robert B. Thomas, Jr.
Chairman and President
United Companies Life Insurance Company
Baton Rouge, Louisiana
Dear Mr. Thomas:
This is to confirm that the client-auditor relationship between United
Companies Life Insurance Company (Commission File No. 33-91362, No. 33-91358,
No. 33-95968, and No. 33-95778) and Deloitte & Touche LLP has ceased.
Yours truly,
/s/ Deloitte & Touche LLP
cc: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
