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~; :~,~ <br /> <br />~' <br />-J- <br />SCHEDULE TO NOTICE OF VIOLATION <br />Notice of Violation No.: CV-2000-010 <br />NATURE OF VIOLATION: <br />Failure to maintain the Frontier Insurance Company Reclamation Bond #108486 in compliance with <br />applicable Statutes and Reeulations: On June 6. 2000, the U S Department of [he Treasury issued a notice <br />in [he Federal Reeister that it had revoked Frontier's Certificate of Attthority under 31 U S C. §& 9304-9308 <br />In addition, in its Quarterly Statement as of September 30, 2000 submitted to the New York and Colorado <br />Insurance Departments Frontier reported the following financial facts: (a) a loss for the year ending <br />December 31 1999 of $1 I 1 759 600 00 against a "surplus as rewards policyholders" for the year endin~c <br />December 31. 1999 of only $199,575.913.00; (b) a loss for the year 2000 to date of $28,376.289.00, against <br />a "surplus as reeazds policyholders" for the year 2000 to date of only $65 28.323.00. In its Quarterly <br />Statement as of June 30, 2000 submitted to the New York and Colorado Insurance Departments, Frontier <br />reported the followine financial facts: (a) a loss for the veaz 2000 to date of $31.948.997.00, against a <br />"sumlus as reeards policyholders" for the year 2000 to date of only $157,198.981.00. <br />ACT, REGULATION, OR PERMIT PROVISION(S) VIOLATED: <br />ACT <br />SECTION(S) C.R.S. 34-33-113 <br />REGULATION _ <br />SECTION(S) 3.01. 3.02.1. 3.02.2, 3.02.4(2)(b) <br />PERMIT <br />SECTION(S) C-81-041 <br />PORTION OF THE OPERATION TO WHICH THIS NOTICE APPLIES: <br />All lands within the approved permit area for Permit No. C-S 1-04 L <br />STEPS NECESSARY TO AHATE VIOLATION (REMEDIAL ACTION): <br />Replace the Frontier Insurance Comoanv Reclamation Hond #108486 with either: (a) a reclamation bond issued by <br />a company with a current and valid Certificate of Authority From the U.S. Department of the Treasury and in <br />compliance with all applicable Statutes and Reeulations; or (b) a Irrevocable Letter of Credit issued by a bank <br />acceptable [o DMG, in a manner in compliance with all applicable Statutes and re¢ulations: or fc) other bond which <br />complies fully with applicable Statutes and reeulations. <br />TIME FOR ABATEMENT (NOT MORE THAN 90 DAYS): <br />ON OR BEFORE January l6 , 20 00 <br />02?IF (3/95) <br />~/HITE -File <br />YELLOW -Operator <br />PINK -Specialist <br />