American Independence Corp. (AMIC) is a holding company engaged in health insurance and reinsurance. The Company provides specialized health coverage and related services to commercial customers and individuals. The Company’s wholly owned subsidiary, Independence American Insurance Company (Independence American), markets its products through AMIC’s managing general underwriter and agency subsidiaries and through independent brokers, producers and agents. The other subsidiaries of the Company are IndependenceCare Underwriting Services – Minneapolis, L.L.C. (IndependenceCare); Marlton Risk Group LLC (Marlton) and Risk Assessment Strategies, Inc. (RAS). AMIC also has a minority investment in Majestic Underwriters LLC (Majestic). IndependenceCare, Marlton and RAS are collectively referred to as the managing general underwriters (MGUs). The MGUs are responsible for marketing, underwriting, billing and collecting premiums, and, through an affiliate and medical management.