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Page 1: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 2: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 3: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 4: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 5: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 6: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 7: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 8: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 9: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 10: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 11: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 12: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 13: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 14: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 15: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 16: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 17: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 18: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 19: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 20: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 21: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 22: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 23: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 24: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 25: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 26: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 27: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 28: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 29: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 30: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 31: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased
Page 32: Pursuant to Its Authority under the Managing General Underwriting Agreement. HMA Direct Engaged in the Business of Insurance. 18. FACT: Stop loss insurance coverage is purchased

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