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: March 14, 1997
COMMISSION FILE NUMBER 1-9460
LAWRENCE INSURANCE GROUP, INC.
Delaware 13-3370656
(State of incorporation) (I.R.S. Employer ID No.)
500 Fifth Avenue, New York 10110
(Address of principal executive offices)
Registrant's telephone number: (212)-944-8242
Item 3. Bankruptcy or receivership
On February 28, 1997, Lawrence Group, Inc. which owns approximately 93% of the
registrant filed for a voluntary petition for bankruptcy under Chapter 11 of
the United States bankruptcy code. The petition was filed with the United
States Bankruptcy Court, Northern District of New York; Albany, New York.
The Honorable Judge Littlefield has been assigned to preside.
Item 5. Other events
As a result of the bankruptcy filing by Lawrence Group, Inc., on February 28,
1997 the Texas Department of Insurance (TDI) with the consent of United
Republic Insurance Company (URIC) placed URIC in conservatorship and appointed
Neal W. Rockhold of the TDI as Conservator. The Conservator is directed to take
charge of URIC and all its property, books, records, and effects and to conduct
the business thereof.
Trading of the Company's common stock (AMEX:LWR) was halted on March 4, 1997
and the Company consented to the removal of its listing on the American Stock
Exchange because it no longer fully satisfies all the financial and market value
guidelines for continued listing. It is expected that an over-the-counter
market for the company's common stock will be developed.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, hereunder duly authorized.
LAWRENCE INSURANCE GROUP, INC.
By:/s/ Albert F. Kilts
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Albert F. Kilts, President
8k03107
