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American Independence Corp.
American Independence Corp. Announces Acquisition of National Marketing Organization Distributing Individual Major Medical Policies
May 3rd, 2008
American Independence Corp. (NASDAQ: AMIC) announced that it has significantly expanded its ability to sell individual and limited medical plans to the self-employed, under-insured and uninsured markets through the acquisition of the assets of Insurance Producers Group of America, Inc. and its operating subsidiaries. AMIC owns a 51% interest in the company resulting from the acquisition, which has been renamed Independent Producers of America, LLC ("IPA"). IPA operates under a controlled career agent distribution model in which independent producers sell products approved by IPA and AMIC. It is expected that, within 12 months, the majority of the premium generated will be placed through...
Source: Law & Health Weekly (2008-05-03)
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