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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 31, 1999
FORTIS BENEFITS INSURANCE COMPANY
(Exact Name of Registrant
as Specified in Charter)
Minnesota 33-46620 81-0170040
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(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
500 Bielenberg Drive, Woodbury, MN 55125
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (651) 738-4000
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
(a) Effective as of March 31, 1999, Fortis Insurance Company, a Wisconsin
insurance company (f/k/a Time Insurance Company) ("FIC"), issued a dividend of
all the capital stock of Fortis Benefits Insurance Company, a Minnesota
insurance company (the "Registrant"), to its parent corporation Interfinancial
Inc., a Georgia corporation ("Interfinancial"). No consideration was paid for
the dividend. Prior to the dividend, the Registrant was owned directly by FIC,
which in turn was owned by Interfinancial. Interfinancial is now the direct
parent of the Registrant and the owner of 100% of the voting securities of the
Registrant. Interfinancial remains the direct parent corporation of FIC. The
Insurance Department of the State of Wisconsin approved the change of control of
the Registrant in a letter dated February 17, 1999 and the Board of Directors of
FIC approved the dividend effective as of March 31, 1999.
This change in ownership of the Registrant is part of a larger internal
reorganization of the Fortis, Inc. life and health companies. However, the
ultimate controlling persons of the Registrant remain Fortis, Inc., and its two
parent companies, Fortis (NL) (f/k/a Fortis AMEV N.V.) and Fortis (B) (f/k/a
Fortis AG S.A.).
(b) Other than as described herein, the Registrant does not know of any
arrangements, the operation of which at a subsequent date, may result in a
change of control of the Registrant.
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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 hereunto duly authorized.
FORTIS BENEFITS INSURANCE
COMPANY
BY: /s/ Douglas R. Lowe
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NAME: Douglas R. Lowe
TITLE: Vice President and Associate
General Counsel
Dated: April 6, 1999
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