SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report: May 28, 1996 Date of Event: May 15, 1996
Cotton States Life Insurance Company
(Exact name of registrant as specified in its charter)
Georgia 2-39729 58-0830929
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
244 Perimeter Center Parkway, N.E., Atlanta, Georgia 30346
(Address of principal executive offices) (Zip Code)
770/391-8600
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
The Total Number of Pages in this Document is 2.
Item 5. Other Events
The Registrant issued the following press release on May 15, 1996:
COTTON STATES SIGNS LETTER OF INTENT
Atlanta, Georgia, May 15, 1996 - - Cotton States Insurance Company today
announced that a letter of intent has been signed outlining an agreement with
Blakely Crop Hail, Inc., Topeka, Kansas, to transfer management of its multi
peril crop insurance and crop hail insurance to Blakely. Marketing of the
crop insurance will continue through the Cotton States distribution system
through an agreement between Blakely and CSI Brokerage Services, Inc., a
wholly owned subsidiary of Cotton States Life Insurance Company. It is
anticipated that the marketing agreement will increase commission income
in CSI by approximately $600,000 annually beginning in 1997.
Cotton States' President and CEO, J. Ridley Howard said, "This is an
opportunity to increase the quality of service to our customers by working
with a recognized leader in the specialized field of crop insurance."
The transaction is subject to the execution of a definitive agreement and
the receipt of the required regulatory and board approvals, as well as
other conditions customary in a transaction of this nature.
Cotton States Life Insurance Company is licensed to sell life insurance
in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North
Carolina, South Carolina, Tennessee and Virginia. Its common shares are
traded on the NASDAQ National Market under the symbol CSLI.
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.
COTTON STATES LIFE INSURANCE COMPANY
May 28, 1996 Cindy M. Swinson,
Vice President, Secretary and General Counsel
