Company Information and Guaranty Activation

Fremont Indemnity Company, a California corporation, was found be insolvent and an Order of Liquidation was entered on July 02, 2003 in the Superior Court of the State of California For the County of Los Angeles.

The NCIGA was activated on July 09, 2003 and the initial loss information was nine WC claims with exposure of $654,000.

Recent Developments

Fremont has made an early distribution of $251,681 to the IGA which, as of December 31, 2007, has issued payments of $688,000 covering claims, unearned premium, and claim related expenses.

Three WC claims remain open reserved at $1.6 million.

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Contacts

The insolvency is being handled by the California Conservation and Liquidation Office www.caclo.org\perl

Contact persons at Liquidator's office

Donna Hart at 415 676-2116, hartd@caclo.org

Susie Elkins at 415 676-5078, elkinss@caclo.org

Claims and Claims Administration - NCIGA

Assessment Information

After the receipt of the $218,944.64 special deposit fund, the IGA accessed member companies $1,668,198 as the true exposure of the insolvency was determined to be approximately $2.5 million after receipt of further information.

Claim Status

As of December 31, 2007, three of the 12 WC claims received remain open with reserves of $1.6 million. Payments to date total $688,000.

Liquidation Estate

Proof of Claim

The bar date for filing with the estate is June 30, 2004 and should a proof of claim should be filed with the CLO at the following address:

Conservation and Liquidation Office
PO Box 26899
San Francisco, CA 94126-0899

Early Access

As of December 31, 2007 the IGA has received Early access of $251,681.