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STITES &~~ARBISONPLI_C <br />arraax (rs <br />March 19, 2001 <br />~~~~~~~~ <br />!ae 22 2001 <br />OFFICE OF THE <br />ATTOR,ti'EY GENF~AL <br />Robert D. Clazk, Esq. <br />Assistant Attorney General <br />Business and Licensing Section <br />I52~ Sherman Street <br />Fifrh Floor <br />Denver, Colorado 80203 <br />RE: Powderhom Coal and Frontier Insurance Company <br />Dear Mr. Clark: <br />iii iiiiiiiiiiiu iii <br />999 <br />:"ai3i 2~3~~1== ~ ax <br />N~N'N , ~:'? i : , <br />W. Blaine Early, III <br />18 5 91 2 26 2264 <br />6early@Siiies.com <br />In accord with the recent discussions on this matter, Bill Gorton asked that I forward to <br />you the enclosed actuazial opinions regazding Frontier Insurance Company. The supporting <br />documentation actuarial reports are being prepazed, and these voluminous reports will be <br />forwarded to you in due course. <br />Sincerely, <br />Cam./ 9 ~~u.'£-~CZ ,~ <br />W. Blaine Early, III <br />Enclosures <br />cc: William T. Gorton III, Esq. <br />BP69:336i4:7439i: LEXBJGTON <br />Aaanta, GA Frankfort, KY Hyden, KY Je Hersonvdle, IN Lexing[u n, :('! Lowsville, .f! iJas hville, ?F! `Nashin g;an, GL <br />