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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Anchor Pacific Underwriters, Inc.
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(Name of Issuer)
Common Stock, $0.02 par value per share ("Common Stock")
(Title of Class of Securities)
Common Stock: 033066101
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A
fee is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
(1) Name of reporting persons Guarantee Life Insurance Company
S.S. or I.R.S. identification nos. of above persons 47-0179235
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(2) Check the appropriate box if a (a) [ ]
member of a group (SEE INSTRUCTIONS) (b) [ ]
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(3) SEC USE ONLY
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(4) Citizenship or place of organization Nebraska stock life insurance company
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Number of shares (5) Sole voting power 672,444
beneficially ----------------------------------------------------
owned by each (6) Shared voting power
reporting ----------------------------------------------------
person with: (7) Sole dispositive power 672,444
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(8) Shared dispositive power
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(9) Aggregate amount beneficially owned by each reporting person 672,444
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(10) Check if the aggregate amount in row (9) excludes certain shares [ ]
(SEE INSTRUCTIONS)
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(11) Percent of class represented by amount in row (9) 15.3%
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(12) Type of reporting person (SEE INSTRUCTIONS) Insurance Company
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The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act.
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ITEM 1(A). NAME OF ISSUER. Anchor Pacific Underwriters, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES. 1800 Sutter
Street, Suite 400, Concord, California 94524
ITEM 2(A). NAME OF PERSON FILING. Guarantee Life Insurance Company
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE.
Guarantee Centre, 8801 Indian Hills Drive, Omaha, Nebraska 68114
ITEM 2(C). CITIZENSHIP. Nebraska stock life insurance company
ITEM 2(D). TITLE OF CLASS OF SECURITIES. Common Stock, $0.02 par value
per share ("Common Stock")
ITEM 2(E). CUSIP NO. Common Stock: 033066101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-
2(B), CHECK WHETHER THE PERSON FILING IS A
(a) [ ] Broker or Dealer registered under section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ X ] Insurance Company as defined in section 3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8 of the Investment
Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note: See Item 7)
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1(b)(2),
if applicable, exceeds five percent, provide the following information as of
that date and identify those shares which there is a right to acquire.
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(a) Amount Beneficially Owned: 672,444 shares of Common Stock
(b) Percent of Class: 15.3% of the Common Stock
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 672,444
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(ii) shared power to vote or to direct the vote ____________
(iii) sole power to dispose or to direct the disposition of 672,444
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(iv) shared power to dispose or to direct the disposition of _______
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
If a parent holding company has filed this schedule, pursuant to Rule 13d-
1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c), attach an
exhibit stating the identification of the relevant subsidiary.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so
indicate under Item 3(h) and attach an exhibit stating the identity and Item 3
classification of each member of the
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group. If a group has filed this schedule pursuant to Rule 13d-1(c), attach an
exhibit stating the identity of each member of the group.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.
ITEM 10. CERTIFICATION
The following certification is hereby included:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer
of such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
DATED: February 3, 1997 /s/ David L. Bomberger
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David L. Bomberger
Senior Vice President-Investment Division
and Treasurer
Guarantee Life Insurance Company
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