UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
(Date of earliest event reported)
UNIVERSAL AMERICAN FINANCIAL CORP.
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(Exact name of registrant as specified in its charter)
New York 0-11321 11-2580136
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
Mt. Ebo Corporate Park, Route 22, Brewster, New York 10509
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number
including area code (914) 278-4094
UNIVERSAL HOLDING CORP
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER ITEMS
On September 24, 1996, American Pioneer Life Insurance Company ("American
Pioneer"), a wholly-owned subsidiary of the Company, entered into an assumption
reinsurance agreement (the "Agreement") with First National Life Insurance
Company ("First National"), an Alabama carrier, whereby American Pioneer will
assume approximately $5 million of annual Medicare Supplement insurance premium
sold by First National to members of the Florida Retired Educators Association
("FREA").
This Agreement was subject to the approvals of the Alabama Insurance Department
(approval received on September 25, 1996), the Florida Insurance Department
(approval received on October 8, 1996) and the Florida Retired Educators
Association (approval received on October 4, 1996).
The Agreement became effective on October 8, 1996, retroactive to October 1,
1996, and covers approximately 3,000 individuals. As part of the Agreement,
First National assigned its marketing agreement with FREA to American Pioneer.
This agreement provides for American Pioneer to make available to all eligible
members of FREA (approximately 12,000) certain insurance products, including
Medicare Supplement, Home Health Care, Single Premium Deferred Annuities,
Flexible Premium Deferred Annuities and Tax Sheltered Annuities.
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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 thereunto duly authorized.
UNIVERSAL AMERICAN FINANCIAL CORP.
By: /s/ ROBERT A. WAEGELEIN
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Robert A. Waegelein
Senior Vice President
Chief Financial Officer
Dated: October 21, 1996