American Independence Corp. (NASDAQ: AMIC) |
 American Independence Corp is an insurance holding company specializing in employer medical stop-loss and managed care. Headquartered at 485 Madison Avenue, New York, New York, AMIC has been affiliated with Independence Holding Company since 2002. Currently, IHC owns 49 percent of AMIC's stock, and IHC's senior management provides management expertise to AMIC.
AMIC is comprised of an insurance company, Independence American Insurance Company , a brokerage organization, Insurance Producers of America. and a managing general underwriter (MGU) division.
Independence American Insurance Company is a property and casualty insurance company domiciled in Delaware and currently licensed in 49 states and the District of Columbia. It is rated A- (Excellent) by A.M. Best Company. Independence American is approved to write employer medical stop-loss and provider excess loss insurance in many states.
The MGU Division consists of Marlton Risk Group and Risk Assessment Strategies. Marlton Risk Group, based near Philadelphia, Pennsylvania, and Risk Assessment Strategies, based outside Hartford, Connecticut, specialize in employer medical stop-loss. All of these companies also market group life, short-term medical and dental insurance.
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