SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ) *
AMVestors Financial Corporation
(Name of Issuer)
Common Stock, without par value
(Title of Class of Securities)
032343303
(CUSIP Number)
Check the following box if a fee is being paid with this statement ____X____ .
(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).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in 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 (however, see
the Notes).
Page 1 of 9 Pages
<PAGE>
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Physicians Insurance Company of Ohio
2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) X
(b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON:
5. SOLE VOTING POWER
520,000 shares
6. SHARED VOTING POWER
None
7. SOLE DISPOSITIVE POWER
520,000 shares
8. SHARED DISPOSITIVE POWER
None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
520,000 shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
Not Applicable
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.1%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IC
Page 2 of 9 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sequoia Insurance Company
2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) X
(b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON:
5. SOLE VOTING POWER
87,000 shares
6. SHARED VOTING POWER
None
7. SOLE DISPOSITIVE POWER
87,000 shares
8. SHARED DISPOSITIVE POWER
None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,000 shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.1%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IC
Page 3 of 9 Pages
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Item 1(a). Name of Issuer.
AMVestors Financial Corporation
Item 1(b). Address of Issuer's Principal Executive Offices.
415 Southwest 8th Avenue
Topeka, Kansas 66603
Item 2(a). Name of Person Filing.
(i) Physicians Insurance Company of Ohio ("Physicians")
(ii) Sequoia Insurance Company ("Sequoia") which is a wholly-owned
subsidiary of Physicians.
Each of Physicians and Sequoia is an insurance company as defined in
Section 3(a)(19) of the Securities Exchange Act of 1934 (the "Act").
Item 2(b). Address of Principal Business Office or, if none,
Residence of Person Filing.
(i) Physicians:
13515 Yarmouth Drive, N.W.
Pickerington, Ohio 43147
(ii) Sequoia:
4301 Hacienda Drive
Suite 200
Pleasanton, California 94588
Item 2(c). Citizenship of Person Filing.
(i) Physicians: Ohio
(ii) Sequoia: California
Item 2(d). Title of Class of Securities.
Common Stock, without par value
Item 2(e). CUSIP Number.
032343303
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
Page 4 of 9 Pages
<PAGE>
(c) _X_ Insurance Company as defined in Section 3(a)(19) of the Act
-- for each of Physicians and Sequoia
(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 ss.240.13d-1(b)(l)(ii)(F)
(g) ___ Parent Holding Company, in accordance with
ss.240.13d-1(b)(ii)(G)
(h) _X_ Group, in accordance with ss.240.13d-1(b)(1)(ii)(H) -- for
Physicians and Sequoia together
Item 4. Ownership.
(a) Amount Beneficially Owned:
Physicians: 520,000 shares (1)
Sequoia: 87,000 shares
------------
(1) Includes 87,000 shares owned of record and beneficially by
Sequoia.
(b) Percent of Class:
Physicians: 5.1% (1)
Sequoia: 0.1% (1)
------------
(1) The percent of class is based upon 10,140,738
shares outstanding as of December 31, 1995.
(c) Number of shares as to which person filing has:
(i) Sole power to vote or to direct the vote:
Physicians: 520,000 shares (1)
Sequoia: 87,000 shares
------------
(1) Includes 87,000 shares owned of record and beneficially by
Sequoia.
(ii) Shared power to vote or to direct the vote:
Physicians: 0 shares
Sequoia: 0 shares
Page 5 of 9 Pages
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(iii) Sole power to dispose or to direct the disposition of:
Physicians: 520,000 shares (1)
Sequoia: 87,000 shares
------------
(1) Includes 87,000 shares owned of record and beneficially by
Sequoia.
(iv) Shared power to dispose or to direct the disposition of:
Physicians: 0 shares
Sequoia: 0 shares
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.
Sequoia has the right to receive dividends from, and the proceeds
from the sale of, the 87,000 shares of AMVestors Financial
Corporation reported herein as owned of record and beneficially by
Sequoia and beneficially by Physicians.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the Parent
Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the
Group.
Please see Exhibit 1.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
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.
Page 6 of 9 Pages
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SIGNATURE
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: May 2, 1996 PHYSICIANS INSURANCE COMPANY OF OHIO
By: /s/ James F. Mosier
James F. Mosier, General Counsel
and Secretary
Dated: May 2, 1996 SEQUOIA INSURANCE COMPANY
By: /s/ James F. Mosier
James F. Mosier, Secretary
EXHIBIT 1
MEMBERS OF GROUP
Name of Corporation Classification
Physicians Insurance Company of Ohio Insurance Company
Sequoia Insurance Company Insurance Company
For a copy of the Joint Filing Agreement, please see Exhibit 2.
EXHIBIT 2
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f)(1) under the Securities Exchange Act of
1934, the persons named below hereby agree to the joint filing on behalf of
each of them of a statement on Schedule 13G (including any amendments thereto)
with respect to the shares of Common Stock, without par value, of AMVestors
Financial Corporation beneficially owned by each of them and further agree
that this Joint Filing Agreement be included as an exhibit to such joint
filings.
IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing
Agreement as of the 2nd day of May, 1996.
PHYSICIANS INSURANCE COMPANY OF OHIO
By: /s/ James F. Mosier
James F. Mosier, General Counsel
and Secretary
SEQUOIA INSURANCE COMPANY
By: /s/ James F. Mosier
James F. Mosier, Secretary
