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      &lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"&gt;&lt;b&gt;&lt;u&gt;NOTE

      11 &amp;#8211; Subsequent Events&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;

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      &lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"&gt;During

      the third quarter of 2013, the Company initiated a program to

      strategically sell certain fixed maturities to generate

      realized gains within the investment portfolio. Through

      August 1, 2013, the Company has generated realized gains of

      approximately $1,985,000 on fixed maturity sales proceeds

      totaling approximately $23,699,000. Included within these

      amounts is the Company&amp;#8217;s sale of its $3,000,000 Morgan

      Stanley market-indexed note for $3,945,000.&lt;/font&gt;

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