Exhibit 21.1

Subsidiaries of the Registrant
Independence American Holdings Corp. (DE)
	Independence American Insurance Company (DE)
	IndependenceCare Holdings LLC (DE)
		IndependenceCare Underwriting Services - Minneapolis, LLC (MN)
		IndependenceCare Underwriting Administrators, LLC (MN)
		IndependenceCare Underwriting Services - Tennessee, LLC (TN)
		IndependenceCare Underwriting Services, LLC - Southwest (TX)
		IndependenceCare Underwriting Services - MidAtlantic L.L.C.
	Risk Assessment Strategies, Inc. (DE)
		IndependenceCare Management Corp. (DE)
	Voorhees Risk Management LLC