Note 7. Other Intangible Assets

3 Months Ended

Sep. 30, 2012

Note 7. Other Intangible Assets:

Note 7. Other Intangible Assets

7.             Other Intangible Assets

The change in the carrying amount of other intangible assets for the nine months ended September 30, 2012 is as follows (in thousands):

	Other Intangible
	Assets
Balance at December 31, 2011	$	906
Acquired broker relationships		1,825
Amortization expense		(231)
Balance at September 30, 2012	$	2,500

In July 2012, AMIC acquired the assets and renewal contract rights of a MGU of medical stop-loss business for an aggregate purchase price of $1,825,000.  The purchase price consists of $1,300,000 in cash and $525,000 in contingent consideration expected to be paid in early 2013 based on expected growth in the acquired block of business.  AMIC recorded other intangible assets representing broker relationships, which will be amortized over a weighted average period of 7.0 years.