<PAGE>
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(A)
of the Securities Exchange Act of 1934
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[X] Soliciting Material Pursuant to Section 240.14a-11(c) or
Section 240.14a-12
Coastal Physician Group, Inc.
(Name of Registrant as Specified in its Charter)
Steven M. Scott, M.D.
(Name of Person Filing Proxy Statement)
------------------------------
Payment of Filing Fee (Check the appropriate box):
[ ] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1)
or 14a-6(j)(2).
[ ] $500 per each party to the controversy pursuant to
Exchange Act Rule 14a-6(i)(3).
[ ] Fee computed on table below per Exchange Act Rules
14a-6(i)(4) and 0-11.
(1) Title of each class of securities to which transaction
applies: N/A
(2) Aggregate number of securities to which transaction
applies: N/A
<PAGE>
(3) Per unit price or other underlying value of transaction
computed pursuant to Exchange Act Rule 0-11 (Set
forth the amount on which the filing fee is calculated
and state how it was determined): N/A
(4) Proposed maximum aggregate value of transaction: N/A
(5) Total fee paid: N/A
[X] Fee previously paid with preliminary materials.
[ ] Check box if any part of the fee is offset as provided
by Exchange Act Rule 0-11(a)(2) and identify the filing
for which the offsetting fee was paid previously.
Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
(1) Amount previously paid:
(2) Form, Schedule or Registration Statement Number:
(3) Filing Party:
(4) Date Filed:
Century American
Insurance Group
Century American Insurance Company
Century American Casualty Company
1991-1996
Century American Insurance Group
Company History
09/85 Established as off-shore captive in Cayman Islands
12/86 Domiciled in Tennessee as captive insurer
--Risk Retention Act of 1986
--Medical Group Purchasing Association
12/92 Converted to Regular Property/Casualty Insurer
07/93 Obtained North Carolina Property/Casualty License
12/93 Obtained Delaware Property/Casualty License
06/94 Acquired Century American Casualty Company
09/94 Received Initial Financial Rating from A.M. Best
Company of "B+"
06/95 "B+" Rating Reaffirmed
Century American Insurance Group
Insurance Holding Company System
Steven M. Scott, MD
Individual
|
Scott Medical
Partners, L.P. 1% General Partner
Partnership, TN 98% Limited Partner
|
American
Alliance Holding
Company 100% of Common Shares
Corporation, DE
|
100% of Common Shares
|
Century American
Casualty Co.
100% of Common Shares
Corporation, TX
Century American Insurance Group
Current Organizational Structure
Bertram E. Walls, MD, MBA
President/CEO
|
------------------------------------------------------------
| | | |
Mitchell W. Perry, David A. Long, ARM Jo L. Conroy Daniel C. Ryon, MBA
CPA, MBA Vice President/ Vice President/ Vice President/
Vice President/ Loss Control Underwriting Product Dev.
Finance
--------------------- ------------------- ----------------- ------------------
| | | |
| Financial |--Claims Management |--Underwriting | New Business
|--Reporting/ | | |--Development
| Accounting | | Rate Pricing/ |
| |--Risk Management |--Billing |--Reinsurance
| Investment | |
|--Management | Policyholder/ |--Policy Forms
| |--Customer |
|--Actuarial Services | Service | Regulatory
| | |--Compliance
| Information | Alternate
|--Technology |--Coverage
| |
|--Rate Development | MGPA
|--Coordination
Century American Insurance Group
Century American Licenses/Approvals
1996 and Beyond
[MAP OF U.S.]
Legend
- -------
o Licensed Regular Property and Casualty
/x/ Approved Surplus Lines/Non-Admitted or Equivalent
+ Operating on Non-Admitted - Independently Procured Basis
| Surplus Lines-Approval Pending
Century American Insurance Group
Selected Financial Overview
($000's)*
Gross Net Net Capital &
Year Premium Premium Income Surplus
---- ------- ------- ------ -------
1991 9,401 9,279 135 5,247
1992 13,050 10,574 609 10,477
1993 15,168 12,394 101 10,542
1994 15,833 13,368 703 12,011
1995 19,529 5,124 358 15,260
5-Year ROE
Century Industry
3% 23.1%
*Source: A.M. Best 1996 Quantitative Analysis Report
Century American Insurance Group
Selected Balance Sheet Overview
($000's)*
Admitted Capital &
Year Assets Liabilities Surplus
---- ------ ----------- -------
1991 15,201 9,954 5,247
1992 21,091 10,614 10,477
1993 28,609 18,067 10,542
1994 34,388 22,377 12,011
1995 27,707 12,447 15,260
*Source: A.M. Best 1996 Quantitative Analysis Report
Century American Insurance Group
Century Reinsurers
1991-1996
A.M. Best
Rating
--> Reliance Insurance Company A-
--> CNA A
--> TIG Re A
--> Western Indemnity A-
--> Everest Re A
Century American Insurance Group
Regulatory, Actuarial and Accounting
Peat Marwick 1991-1995 Unqualified Opinion
Tenn. Dept. of Insurance 1989-1994 Unqualified Opinion
(Audit performed Fall '95)
A.M. Best Rating 1994 B+ (Very Good)
1995 B+ (Very Good)
1996 B+ (Affirmation Pending)
Tillinghast 1991-1994 Statement of Actuarial
Opinion
Milliman & Robertson 1995 Statement of Actuarial
Opinion
Century American Insurance Group
Management Fees
($000's)*
1991 463.5
1992 436.7
1993 501.9
1994 539.1 8.1
1995 572.1 13.6
*No other fees or compensation were paid directly or indirectly to
Century American's Owner.
Century American Insurance Group
Capital & Surplus Overview
($000's)*
Change in Contributed Operations, Operations,
Year Capital & Capital, Net of Net Income All Other
Surplus Dividends
---- ------- --------- ---------- ---------
1991 637 1,300 135 (798)
1992 5,231 4,850 609 (228)
1993 64 (542) 101 505
1994 1,469 437 703 329
1995 3,249 3,215 358 (324)
*Source A.M. Best 1996 Quantitative Analysis Report
Century American Insurance Group
Loss Reserves Overview
($000's)*
Gross Ceded Net
----- ----- ---
December 31, 1995 62,236 48,191 14,045
* Century American generally structures its reinsurance
program to cap its losses on both a per loss and an
aggregate basis.
Century American Insurance Group
