Company News

PRESS RELEASE

Insurer Adds South Carolina License

Oklahoma City, Ok, November 11, 2008:  The South Carolina Department of Insurance approved the State of South Carolina Insurance License for AmFirst Insurance Company on October 15, 2008. AmFirst whose administrative offices are at 5722 I-55 North Frontage Road, Jackson, Mississippi 39211, is proud to announce its South Carolina license can now be added to its eight other licenses.

AmFirst Insurance Company specializes in writing supplemental medical products such as medical gap plans, dental, vision, and mini-med plans.

AmFirst products are marketed by MorganWhiteGroup, a Jackson, Mississippi third party administrator and marketer of supplemental insurance products.

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AmBest Ratings Announcement

A.M. Best Assigns Ratings to AmFirst Insurance Company

A.M. Best Co. has assigned a financial strength rating (FSR) of B+ (Good) and an issuer credit rating (ICR) of "bbb-" to AmFirst Insurance Company (AmFirst) (Oklahoma City, OK). The outlook assigned to both ratings is stable.

The ratings reflect AmFirst's niche market focus in selling its group medical gap and association dental coverages. These products continue to produce good profit margins, which have helped AmFirst to grow its capital and surplus position. The company's relationships with certain other larger insurers has enabled it to expand into additional territories, have access to new business opportunities and help keep its expense structure at acceptable levels.

Being a young and growing company, AmFirst faces challenges on profitably building its book of business while keeping its expense levels in line and not encountering servicing issues. Given its modest capitalization level, it does not have a large margin for error. While the company is actively looking to write business in new states through its relationships with other insurers and on a direct basis, AmFirst currently has concentrated its book of business in Mississippi. This concentration exposes the company to potential economic, regulatory and competitive challenges.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit Best's Rating Center.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

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AmBest Ratings Announcement

AmFirst Insurance Company Ltd. assumes all AmFirst Insurance Company of Oklahoma’s International Policies

We are very proud to announce that on December 31, 2005 AmFirst Insurance Company, Ltd will assume all of the AmFirst Insurance Company of Oklahoma’s International Medical Policies. There will be no changes in coverage or price at the assumption date. The reinsurers for AmFirst of Oklahoma (The Marlborough and Amlin Syndicates at Lloyd’s) will also remain as the reinsurers for AmFirst, Ltd.

AmFirst Insurance Company, Ltd. is a Bermuda domiciled insurance company that was formed by the owners of Morgan-White and AmFirst Insurance Company of Oklahoma in January of 2005 and approved for operation by the Bermuda Monetary Authority in February of 2005. The Bermuda Insurance Industry is now considered to be as important as London Market. Requirements for new companies are very strict and capital requirements are substantial. Bermuda is now the insurance international insurance home for several large U.S. companies such as Nationwide Insurance Company and MetLife. AmFirst Insurance Company, Ltd. is owned by the same insurance holding company as AmFirst of Oklahoma.

The first time that any premium changes could be made is on the renewal date of your policy in 2006.

Assumption Certificate

Memo to AmFirst Insurance Clients

Memo to MorganWhite Administrators International

PRESS RELEASE

AmFirst Insurance Company
Registered Office:
201 Robert S. Kerr Avenue, Suite 600
Oklahoma City, Oklahoma 73102-4267
David R. White, President
601-956-2028, ext. 105
Fax: 601-957-6838

FOR IMMEDIATE RELEASE
9:00 a.m. EDT, August 17, 2005

Insurer Adds Texas License

OKLAHOMA CITY, OK, AUGUST 17, 2005: The Texas Department of Insurance approved the State of Texas Insurance License for AmFirst Insurance Company today. AmFirst whose administrative offices are at 407 Briarwood Drive, Suite 201, Jackson, Mississippi 39206, is proud to announce its Texas license can now be added to its licenses in Mississippi and Oklahoma.

AmFirst Insurance Company specializes in writing supplemental medical products such as medical gap plans, dental, vision, and mini-med plans. These very successful AmFirst products can now be available to the over 17 million citizens of Texas.

AmFirst products are marketed by MorganWhiteGroup, a Jackson, Mississippi third party administrator and marketer of supplemental insurance products.

PRESS RELEASE

AmFirst Insurance Company
Registered Office:
201 Robert S. Kerr Avenue, Suite 600
Oklahoma City, Oklahoma 73102-4267
David R. White, President
601-956-2028, ext. 105
Fax: 601-957-6838

FOR IMMEDIATE RELEASEAMFIRST INSURANCE COMPANY IS APPROVED AS A MEMBER OF THE FEDERAL HOME LOAN BANK OF DALLAS.

AmFirst Insurance Company becomes member of the Federal Home Loan Bank of Dallas.

Oklahoma City, Oklahoma, July 31, 2003- AmFirst Insurance Company announced today that its application to become a member of the Federal Home Loan Bank of Dallas has been accepted on July 30, 2003. The Federal Home Loan Bank System consisting of 12 regional banks was created in 1932 by the Federal Home Loan Act of the Congress of the United States of America. The Federal Home Loan Bank System is regulated by the Federal Housing Finance Board. The Finance Board is an independent regulatory agency of the executive branch of the U.S. Government, with a five member board. Four board members are appointed by the President of the United States and the fifth member is the Secretary of the Department of Housing and Urban Development.

The Finance Board ensures the FHLBanks, which are privately capitalized, government- sponsored enterprises, operate in a safe and sound manner, carry out their housing and community development finance mission, and remain adequately capitalized and able to raise funds in the capital markets.

The FHLBank System is authorized by the United States Government to issue debt which:

1) Is subject to approval by the United States Treasury
2) Can be purchased by the United State Treasury
3) Is exempt from state and local income taxes
4) Eligible for investment by national banks and thrifts
5) Eligible for collateral for certain public deposits
This announcement is very good news for AmFirst's insureds. Among the requirements to become a member of the Federal Home Loan Bank are:
1) the insurance company or bank must be duly organized under the laws of any state or the United States;
2) the insurance company or bank must be subject to inspection and regulation under the banking laws or similar state or federal laws;
3) the insurance company or bank must be in a financial condition that such FHLBank advances (loans) may be safely made;
4) the insurance company or bank must have character of management and a home financing policy consistent with sound and economical home financing.

AmFirst's insureds now have the added protection and confidence that AmFirst Insurance Company has not only met the financial solvency requirements of the Oklahoma Insurance Department, but now has been reviewed and passed the financial solvency requirements of a United States Government sponsored and regulated banking system.