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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 R3BailNqOXYVSRAs2EdQdj71zOx78m6rm5JVtMHJ7zuWx5WqqRqB8s9nOC+W1oK4
 GpB2ZIuXRVFiSyDiGBQu8w==

<SEC-DOCUMENT>0000950142-04-001088.txt : 20040405
<SEC-HEADER>0000950142-04-001088.hdr.sgml : 20040405
<ACCEPTANCE-DATETIME>20040405180541
ACCESSION NUMBER:		0000950142-04-001088
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040401
FILED AS OF DATE:		20040405

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CERES GROUP INC
		CENTRAL INDEX KEY:			0000215403
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		IRS NUMBER:				341017531
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		17800 ROYALTON RD
		CITY:			STRONGSVILLE
		STATE:			OH
		ZIP:			44136
		BUSINESS PHONE:		2165722400

	MAIL ADDRESS:	
		STREET 1:		17800 ROYALTON RD
		CITY:			STRONGSVILLE
		STATE:			OH
		ZIP:			44136

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CENTRAL RESERVE LIFE CORP
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			INSURANCE PARTNERS LP
		CENTRAL INDEX KEY:			0001012376
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08483
		FILM NUMBER:		04718747

	BUSINESS ADDRESS:	
		STREET 1:		201 MAIN ST
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
		BUSINESS PHONE:		8173908500

	MAIL ADDRESS:	
		STREET 1:		201 MAIN STREET
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			INTERNATIONAL MANAGED CARE LLC
		CENTRAL INDEX KEY:			0001276295
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08483
		FILM NUMBER:		04718748

	MAIL ADDRESS:	
		STREET 1:		C/O INSURANCE PARTNERS LP
		STREET 2:		54 THOMPSON ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10012
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-imcllc_040104ex.xml
<DESCRIPTION>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-04-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000215403</issuerCik>
        <issuerName>CERES GROUP INC</issuerName>
        <issuerTradingSymbol>CERG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001276295</rptOwnerCik>
            <rptOwnerName>INTERNATIONAL MANAGED CARE LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O INSURANCE PARTNERS, L.P.</rptOwnerStreet1>
            <rptOwnerStreet2>201 MAIN STREET</rptOwnerStreet2>
            <rptOwnerCity>FORT WORTH</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>76102</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001012376</rptOwnerCik>
            <rptOwnerName>INSURANCE PARTNERS LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O INSURANCE PARTNERS, L.P.</rptOwnerStreet1>
            <rptOwnerStreet2>54 THOMPSON STREET</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10012</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2004-04-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1344925</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1467039</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On April 1, 2004, International Managed Care, LLC (&quot;IMC Delaware&quot;) distributed 1,344,925 shares of the Issuer's Common Stock to its partners in a pro rata distribution, in which 1,331,476 of such shares were distributed to Insurance Partners, L.P. (&quot;IP Delaware&quot;), its managing member. IP Delaware distributed all of the shares it received to its partners in a pro rata distribution. No consideration was paid in connection with these distributions.</footnote>
        <footnote id="F2">All of the securities reported herein are held for the account of IMC Delaware, a Delaware limited liability company. IP Delaware, a Delaware limited partnership, is the managing member of IMC Delaware. Pursuant to Rule
16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the &quot;Act&quot;), IP Delaware is deemed to be the beneficial owner of the shares beneficially owned by IMC Delaware only to the extent of the greater of
its direct or indirect interest in the profits or capital account of IMC Delaware. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that IP Delaware is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities owned by IMC Delaware in excess of such amount.</footnote>
    </footnotes>

    <remarks>INTERNATIONAL MANAGED CARE, LLC
By: Insurance Partners,L.P.,
its managing member
By: Insurance GenPar,L.P.,
its general partner
By: Insurance GenPar MGP,L.P.,
its general partner
By: Insurance  GenPar MGP,Inc.,
its  general  partner

By: /s/  Robert A. Spass
Name:Robert A. Spass
Title:President

INSURANCE PARTNERS,L.P.
By: Insurance GenPar,L.P.,
its  general partner
By: Insurance GenPar MGP,L.P.,
its general partner
By: Insurance GenPar MGP,Inc.,
its general partner

By: /s/ Robert A. Spass
Name:Robert A. Spass
Title:President</remarks>

    <ownerSignature>
        <signatureName>Robert A. Spass (see Remarks)</signatureName>
        <signatureDate>2004-04-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Robert A. Spass (see Remarks)</signatureName>
        <signatureDate>2004-04-05</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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