-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ae6DkS1dYztbVl6ajy2Vzri61uqxCHPcn2X93x0DipzWAXugYMp90UDoQqqwJjg7 VhnkrWiaq3x7LxeEq9hxwQ== 0000780118-95-000007.txt : 19951226 0000780118-95-000007.hdr.sgml : 19951226 ACCESSION NUMBER: 0000780118-95-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19951215 ITEM INFORMATION: Other events FILED AS OF DATE: 19951222 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMWEST INSURANCE GROUP INC CENTRAL INDEX KEY: 0000780118 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 952672141 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09580 FILM NUMBER: 95603666 BUSINESS ADDRESS: STREET 1: 6320 CANOGA AVE STE 300 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 BUSINESS PHONE: 8187041111 MAIL ADDRESS: STREET 1: 6320 CANOGA AVENUE SUITE 300 STREET 2: PO BOX 4500 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 15, 1995 Amwest Insurance Group, Inc. (Exact name of Registrant as specified in its charter) Delaware 1-9580 95-2672141 (State or other jurisdiction (Commission (IRS Employer of incorporation) File number) Identification No.) 6320 Canoga Avenue, Suite 300, Woodland Hills, California 91367 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (818)704-1111 This document contains a total of 4 pages. The exhibit index begins on Page 3. Page 1 of 4 Pages ITEM 5. Other Events. On December 15, 1995, the Registrant announced the affirmation by the Supreme Court of the State of California pertaining to the decision by the Second District Court of Appeal overturning Insurance Code Section 1861.135 which exempted surety from major provisions of California Proposition 103. A copy of the press release dated December 15, 1995, announcing the above is attached hereto as Exhibit 99-1. ITEM 7. Financial Statements and Exhibits The following is furnished as an Exhibit to this report: 99-1 Press Release of Registrant dated December 15, 1995. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. AMWEST INSURANCE GROUP, INC. Dated: December 21, 1995 By:/s/ STEVEN R. KAY Steven R. Kay Senior Vice President Chief Financial Officer Page 2 of 4 Pages INDEX OF EXHIBITS Exhibit Sequentially Number Description Numbered Page (*) 99-1 Press Release of Registrant dated 4 December 15, 1995. (*) This information appears only in the manually signed original of this Current Report on Form 8-K. Page 3 of 4 Pages EX-2 2 PRESS RELEASE AMWEST INSURANCE GROUP, INC. ANNOUNCES SUPREME COURT RULING REGARDING PROPOSITION 103 Friday, December 15, 1995 - Amwest Insurance Group, Inc. (AMEX-PSE-AMW) announced that on Thursday, December 14, 1995, the Supreme Court of the State of California affirmed the decision of the Second District Court of Appeal overturning Insurance Code Section 1861.135 which exempted the surety insurance industry from major provisions of Proposition 103. Accordingly, the surety insurance industry will no longer be exempted from the rate rollback and prior approval provisions contained in Proposition 103. To date, the Company has not received any calculations from the California Department of Insurance regarding the Company's Proposition 103 rollback amount. The Company anticipates that it will accrue during the fourth quarter of 1995 its estimated rollback obligation pursuant to Proposition 103, the amount of which has not yet been determined. However, as previously disclosed in the Company's Annual Report on Form 10-K and subsequent filings on Form 10-Q, the Company believes that the ultimate rollback amount will have a significant impact on the Company's 1995 earnings, but is not expected to materially adversely impact the Company's financial position. Amwest is a Woodland Hills, California based insurance holding company, specializing in surety bonds, including contract performance, court and license and permit bonds. # # # # # # # -----END PRIVACY-ENHANCED MESSAGE-----