X0303 4/A 2008-07-01 2008-07-03 0 0001065201 AMERINST INSURANCE GROUP LTD None 0001437821 Klunk David R 534 EAST KING STREET LITTLESTOWN PA 17340 1 0 0 0 Common Stock 2008-07-01 4 A 0 138 0 A 4138 D This amendment to the Form 4 is being filed to revise the form of ownership from "Indirect" through the Phillip R. Friedman and Associates, LLP, to "Direct" by the reporting person. David R. Klunk 2008-07-10