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• <br /> <br />i~'~/-/5,f' <br />r CrumaForster <br />Insurance <br />MINED LAND RECLAMATION DIVISION <br />DEPARTMENT OF NATURAL RESOURCES <br />1313 SHERMAN ST., ROOM 215 RECEIVEp <br />DENVER, CO 80203 <br />NOV 2 8 1994 <br />Da~~ October 28, 1994 <br />ivision of Mmerais a Geology <br />Dear Bondholder: <br />The purpose of this letter is to tell you of some changes we've made and how they affect you. <br />Our parent company, Talegen Holdlings, Inc. ('Talegen"), previously named Crum and Forster, Inc., has <br />recently restructured its subsidiaries into self-contained business units, each of which offers discrete <br />products and services and has Its own dedicated Insurance companies. The establishment of dedicated <br />companies permits enhanced manlagement focus on the insurance subsidiaries within each business unit <br />The restructuring of the insurance companies has been approved by the Insurance Departments of all <br />states in which the companies are riomiciled. <br />The insurance subsidiaries dedicated to the Crum & Forster Insurance business unit consist of United <br />States Fire Insurance Company, The North River Insurance Company, Premier Insurance Company, Crum <br />and Forster Insurance Company, Crum & Forster Underwriters Co. of Ohlo and Commonwealth Lloyd's <br />Insurance Company, each of whicfl has retained Its A- (Excellent) AM Best rating. These companies are <br />staffed by the same personnel who have handled your bond in the past and whose expertise is in <br />underwriting a broad range of fidelity/surety coverages through a select network of Independent agents and <br />brokers. Any such coverage previously written In another Talegen insurance company will be transferred to <br />one of the dedicated companies in the Crum & Forster Insurance business unit, so that Crum & Forster <br />Insurance will be aself-contained business unit with a portfolio of bonds and property/casualty policies <br />which directly reflect our book of business. <br />Since your bond was originally issued in a company which is now assigned to another Talegen business <br />unit, we would like to transfer your bond to one of the companies In the Crum & Forster Insurance business <br />unit, so that all Insurance coverage handled by Crum & Forster Insurance is in its own dedicated Insurance <br />companies. Accordingly, attached is a Notice and Certificate of Assumption. This is an endorsement that <br />would legally transfer your bond to United States Fire Insurance Company. Please read this Notice and <br />Certificate of Assumption carefully rrnd take the appropriate action Indicated. <br />Please be assured that all your rights as a bondholder, all the terms and conditions of your bond, and <br />the relationship between your agent/broker and those of us at Crum & Forster Insurance who have <br />serviced your account, will not orange as a result of this transfer. <br />We are confident that as a result of the restructuring we ere now a stronger business unit, fully focused on <br />meeting the needs of our fidelity/surety bondholders and property/casualty policyholders. If you have any <br />questions or would like additional financial Information on the insurance companies, please feel free to <br />contact your agent/broker directly, use our toll free number (800) 699-7991, or call me personally at (201) <br />490-6601. <br />Sincerely, <br />~i~~ <br />James A. Stark <br />President <br />United States Fire Insurance Company <br />United States Fire Insurance Company The North River Insurance Company <br />Crum end Forster Insurance Company Crum end Forster Insurance of Ohlo Premier Insurance Company <br />Commonwealth LJoyd's Insurance Company <br />