-----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, FqWxplaHFvewfUW6HhVXYN/C9uBdurtuHmR3UDOmJriXBILhK7iguqqvOuQdBO1M z5GMKVDnG6524ZYAgDlJgA== 0000912057-02-006568.txt : 20020414 0000912057-02-006568.hdr.sgml : 20020414 ACCESSION NUMBER: 0000912057-02-006568 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20020215 ITEM INFORMATION: Bankruptcy or receivership ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUPERIOR NATIONAL INSURANCE GROUP INC CENTRAL INDEX KEY: 0000810463 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 954610936 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25984 FILM NUMBER: 02551570 BUSINESS ADDRESS: STREET 1: 26541 AGOURA RD CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8188801600 MAIL ADDRESS: STREET 1: 26541 AGOURA ROAD CITY: CALABASAS STATE: CA ZIP: 91302 8-K 1 a2070948z8-k.htm 8-K Prepared by MERRILL CORPORATION
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) February 15, 2002

SNTL Corporation
(Exact name of registrant as specified in its charter)


Delaware
 
0-25984
 
95-4610936
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)

       

 
    
    
    
    
    30101 Agoura Court #222,
Agoura Hills, California
(Address of principal executive offices)		       91301
(Zip Code)		    

Registrant's telephone number, including area code (818) 597-0042

Superior National Insurance Group, Inc.
(Former name or former address, if changed since last report.)


INFORMATION TO BE INCLUDED IN THE REPORT

Item 3. Bankruptcy.

        SNTL Corporation, along with its subsidiaries, SNTL Holdings Corporation (formerly, Business Insurance Group, Inc.), SN Insurance Administrators, Inc. and SN Insurance Services, Inc., filed their December of 2001 Monthly Debtor in Possession Operating Reports and their December of 2001 Debtor in Possession Interim Statements with the United States Bankruptcy Court for the Central District of California, copies of which are attached hereto as Exhibit 99.147 through Exhibit 99.154.

        THE MONTHLY OPERATING REPORTS CONTAIN FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION THAT HAVE NOT BEEN AUDITED OR REVIEWED BY INDEPENDENT ACCOUNTANTS AND MAY BE SUBJECT TO FUTURE RECONCILIATION AND ADJUSTMENTS.

Item 7. Financial Statements and Exhibits.

    (a)
    Financial Statements of Businesses Acquired.

      Not Applicable.

    (b)
    Pro Forma Financial Information.

      Not Applicable.

    (c)
    Exhibits.

Exhibit No.
   Description
99.147   Debtor in Possession Operating Report for the period from December 1, 2001 to December 31, 2001 (SNTL Corporation) with Schedules A through F.

99.148
 
Debtor in Possession Operating Report for the period from December 1, 2001 to December 31, 2001 (SNTL Holdings Corporation)(see Exhibit 99.147 for Schedules A through F).

99.149
 
Debtor in Possession Operating Report for the period from December 1, 2001 to December 31, 2001 (SN Insurance Administrators, Inc.)(see Exhibit 99.147 for Schedules A through F).

99.150
 
Debtor in Possession Operating Report for the period from December 1, 2001 to December 31, 2001 (SN Insurance Services, Inc.)(see Exhibit 99.147 for Schedules A through F).

99.151
 
Debtor in Possession Interim Statement for the period from December 1, 2001 to December 31, 2001 (SNTL Corporation).

99.152
 
Debtor in Possession Interim Statement for the period from December 1, 2001 to December 31, 2001 (SNTL Holdings Corporation).

99.153
 
Debtor in Possession Interim Statement for the period from December 1, 2001 to December 31, 2001 (SN Insurance Administrators, Inc.).

99.154
 
Debtor in Possession Interim Statement for the period from December 1, 2001 to December 31, 2001 (SN Insurance Services, Inc.).


SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    SNTL CORPORATION
(Registrant)

 
 
 
Date February 15, 2002   /s/  ALEX CORBETT      
                        (Signature)*
Alex Corbett
Senior Vice President and
Chief Financial Officer

*Print name and title of the signing officer under his signature.



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FORM 8-K
INFORMATION TO BE INCLUDED IN THE REPORT
SIGNATURES
 EX-99.147 3 a2070948zex-99_147.htm EXHIBIT 99.147 Prepared by MERRILL CORPORATION
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Exhibit 99.147

OFFICE OF THE UNITED STATES TRUSTEE

IN RE:   )   DEBTOR IN POSSESSION OPERATING REPORT
    )    
SNTL CORPORATION
(formerly SUPERIOR NATIONAL INSURANCE GROUP)		   )
)		   REPORT NUMBER 21
FOR THE PERIOD FROM: 01-Dec-01
    )   TO: 31-Dec-01
DEBTOR   )    
CHAPTER 11 CASE NO. SV00-14099-GM   )    

1. Profit and Loss Statement
 
 
 
Please see Attached Schedule A
A. Related to Business Operations:                
  Gross Sales                
       
       
  Less Sales Returns and Discounts                
       
       
    Net Sales                
           
   
  Less: Cost of Goods Sold                
    Beginning Inventory at Cost                
       
       
    Add: Purchases                
       
       
    Less: Ending Inventory at Cost                
       
       
      Cost of Goods Sold                
           
   
    Gross Profit                
               
   
Other Operating Revenue (Specify)
 
 
 
 
 
 
 
 
               

Less: Operating Expenses
 
 
 
 
 
 
 
 
  Officer Compensation                
       
       
  Salaries & Wages—Other Employees                
       
       
    Total Salaries & Wages                
           
   
    Employee Benefits                
           
   
  Payroll Taxes                
       
       
  Real Estate Taxes                
       
       
  Federal and State Income Taxes                
       
       
    Total Taxes                
           
   
  Rent and Lease Exp. (Real and Personal Property)                
       
       
  Interest Expense (Mortgage, Loan, etc.)                
       
       
  Insurance                
       
       
  Automobile Expense                
       
       
  Utilities (Gas, Electric, Water, Telephone, etc.)                
       
       
  Depreciation and Amortization                
       
       
  Repairs and Maintenance                
       
       
  Advertising                
       
       
  Supplies, Office Expenses, Photocopies, etc.                
       
       
  Bad Debts                
       
       
  Miscellaneous Operating Expenses (Specify)                
       
       
    Total Operating Expenses                
           
   
  Net Gain/(Loss) from Business Operations                
               

B. Not Related to Business Operations
 
 
 
 
 
 
 
 
               
  Income:                
    Interest Income                
           
   
    Other Non-Operating Revenues (Specify)                
           
   
    Gross Proceeds on Sale of Assets                
       
       
    Less: Original Cost of Assets plus Expenses of Sale                
       
       
      Net Gain/(Loss) on Sale of Assets                
           
   
    Total Non-Operating Income                
               
  Expenses Not Related to Business Operations:                
    Legal and Professional Fees                
           
   
    Other Non-Operating Revenues (Specify)                
           
   
      Total Non-Operating Expenses                
               
  NET INCOME /(LOSS) FOR PERIOD                
               
Revised April 1989       OPERATING REPORT       UST-4

PAGE 1

DEBTOR IN POSSESSION OPERATING REPORT NO. 21

2.
Aging of Accounts Payable and Receivable (exclude pre-petition debt from accounts payable):

 
    
   Accounts Payable
   Accounts Receivable
Current   Under 30 days   $ 0   $ 0
Overdue   31 - 60 days   $ 0   $ 0
Overdue   61 - 90 days     PLEASE SEE ATTACHED SCHEDULE B
Overdue   91 - 120 days   $ 0   $ 0
Overdue   121 + days   $ 0   $ 0
Total       $ 0   $ 0
3.
Statement of Status of Payments to Secured Creditors and Lessors:

 
    
    
    
   Post-Petition
Payments Not Made
 
   Frequency of
Payments per
Lease/Contract
   Amount of
Each Payment
   Next Payment Due
Creditor/Lessor
   Number
   Amount
    NONE                
4.
Tax Liability:

 
    
Gross Payroll Expense For Period   $93,582
Gross Sales for Period Subject to Sales Tax   $0

 
 
Date Paid
 
Amount
Paid *
 
Post Petition Taxes
Still Owing
Federal Payroll and Withholding Taxes   12/15/01 & 12/31/01   $21,154   0
State Payroll and Withholding Taxes   12/15/01 & 12/31/01   $4,436   0
State Sales and Use Tax   N/A   $0   N/A
Real Property Taxes   N/A   $0   N/A

      ALL PAYROLL TAXES PAID BY ADP

      * Attach photocopies of depository receipts from taxing authority or financial institution to verify that such deposits or payments have been made.

5.
Insurance Coverage

 
   Carrier/
Agent
   Amount of
Coverage
   Policy
Exp. Date
   Premium Paid
Thru Date
Worker's Compensation   See Schedule D            
Liability   See Schedule E            
Fire and Extended Coverage   See Schedule E            
Property   See Schedule E            
Theft   See Schedule E            
Life (Beneficiary:            )   See Schedule E            
Vehicle   See Schedule E            
Other   See Schedule E            

PAGE 2

DEBTOR IN POSSESSION OPERATING REPORT NO. 21

6.
Questions:

A.
Has the Debtor provided to any officers, directors, shareholders, or other principals compensation without the approval of the Office of the United States Trustee?

      / /: Yes            Explain:                                         

      /x/: No

    B.
    Has the Debtor, subsequent to the filing of the petition made any payments on its pre-petition unsecured debt, except as have been authorized by the Court?

      / /: Yes            Explain:                                         

      /x/: No

7.
Statement of Unpaid Professional Fees (Post-Petition Only):

Name of Professional
   Type
Professional
   Post-Petition
Unpaid Total
See Schedule F        
8.
Narrative Report of Significant Events And Events Out Of The Ordinary Course Of Business:
9.
Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter)

Quarterly
Period Ending
   Quarterly
Disbursements
for Quarter
   Quarterly
Fee
   Date Paid
   Amount Paid
   Check No.
   Quarterly
Fee Still Owing
    
12/31/2001   $ 497,717   $ 3,750               $ 3,750    

I, Alex Corbett—Chief Financial Officer, declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge.

Dated:   2/11/2002   Signed:   /s/  ALEX CORBETT      
   
     

PAGE 3

SCHEDULE A


SNTL, SNTLHC, SNIA, SNIS
Schedule of Operations
One Month ended December 31, 2001
[Bankruptcy filed April 26, 2000]
[unaudited]

(In thousands)
   SNTL
(formerly SNIG)
   SNTLHC
(formerly BIG)
   SNIA
   SNIS
   Elimination
   Consolidated
Total
  
Revenues:                                      

Commission income
 
$
—
 
$
(600
)(A)
$
(7,148
)(A)
$
(13,782
)(A)
$
—
 
$
(21,530
)

Net investment income
 
 
3
 
 
2
 
 
—
 
 
17
 
 
—
 
 
22
 
   
 
 
 
 
 
 
 
Total Revenues
 
 
3
 
 
(598
)
 
(7,148
)
 
(13,765
)
 
—
 
 
(21,508
)
   
 
 
 
 
 
 

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Interest expense
 
 
653
 
 
—
 
 
—
 
 
—
 
 
—
 
 
653
 

Bad debt expense
 
 
—
 
 
(600
)(A)
 
(7,148
)(A)
 
(13,782
)(A)
 
—
 
 
(21,530
)

General and administrative
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
(614
)
 
(53
)
 
239
 
 
1,501
 
 
—
 
 
1,073
 
   
 
 
 
 
 
 
 
Total Expenses
 
 
39
 
 
(653
)
 
(6,909
)
 
(12,281
)
 
—
 
 
(19,804
)
   
 
 
 
 
 
 
 
Income (loss) before income taxes and preferred securities dividends and accretion
 
 
(36
)
 
55
 
 
(239
)
 
(1,484
)
 
—
 
 
(1,704
)

Income tax (benefit) expense
 
 
—
 
 
—
 
 
19
(B)
 
4
(B)
 
—
 
 
23
 
   
 
 
 
 
 
 
 
Income (loss) before preferred securities dividends and accretion
 
 
(36
)
 
55
 
 
(258
)
 
(1,488
)
 
—
 
 
(1,727
)

Preferred securities dividends and accretion
 
 
(1,193
)
 
—
 
 
—
 
 
—
 
 
—
 
 
(1,193
)

Expenses not related to business operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Legal and Professional Fees
 
 
(351
)
 
—
 
 
—
 
 
—
 
 
—
 
 
(351
)
 
Other non—operating expenses
 
 
1
 
 
—
 
 
—
 
 
—
 
 
—
 
 
1
 
   
 
 
 
 
 
 

 
 
 
(1,579
)
 
55
 
 
(258
)
 
(1,488
)
 
—
 
 
(3,270
)

Equity in net income (loss) from subsidiaries
 
 
(1,696
)
 
(1,751
)
 
—
 
 
—
 
 
3,442
 
 
(5
)
   
 
 
 
 
 
 
 
Net (Loss) Income
 
$
(3,275
)
$
(1,696
)
$
(258
)
$
(1,488
)
$
3,442
 
$
(3,275
)
   
 
 
 
 
 
 
(A)
Reflects a write-off of commissions receivable and the reduction of the associated bad debt allowance. Nevertheless, Debtor continues to assert it's ownership of these commissions and will continue to pursue it's rights of offset and other methods to effectuate collection.
(B)
All amount reflect tax expense associated with the payment of taxes to various state tax authorities.

SCHEDULE B

SNTL Corporation and Subsidiaries in Bankruptcy
Aging of Accounts Payable and Receivable
As of December 31, 2001

SNTL Corporation
(formerly Superior National Insurance Group)

 
    
   Non-Intercompany Accounts
    
   Intercompany Accounts
  
 
    
   Accounts Payable
   Accounts Receivable
    
   Accounts Payable
   Accounts Receivable
  
Current   Under 30 days     881,042     21,000         —     925,283  
Overdue   31 - 60 days     281,043     —         —     348,039  
Overdue   61 - 90 days     532,834     —         —     711,738  
Overdue   91 - 120 days     300,000     —         —     119,929  
Overdue   121 + days     906,062     63,344         5,237,080     1,631,062 [E]
       
 
     
 
 
Total       $ 2,900,981   $ 84,344 [A]     $ 5,237,080   $ 3,736,052  
       
 
     
 
 

SNTL Holdings Corporation
(formerly Business Insurance Group)

 
    
   Non-Intercompany Accounts
    
   Intercompany Accounts
 
    
   Accounts Payable
   Accounts Receivable
    
   Accounts Payable
   Accounts Receivable
Current   Under 30 days     5,770     —         —     —
Overdue   31 - 60 days     —     —         —     —
Overdue   61 - 90 days     —     —         —     —
Overdue   91 - 120 days     —     —         —     —
Overdue   121 + days     —     0         22,000     20,200,924
       
 
     
 
Total       $ 5,770   $ 0 [D]     $ 22,000   $ 20,200,924
       
 
     
 

Superior National Insurance Services

 
    
   Non-Intercompany Accounts
    
   Intercompany Accounts
 
    
   Accounts Payable
   Accounts Receivable
    
   Accounts Payable
   Accounts Receivable
Current   Under 30 days     356,577     (0 )       736,198     4,432
Overdue   31 - 60 days     —     (0 )       270,726     4,738
Overdue   61 - 90 days     —     0         560,909     2,811
Overdue   91 - 120 days     (0 )   (0 )       (0 )   885
Overdue   121 + days     36,455     6,815,587         0     742,955
       
 
     
 
Total       $ 393,032   $ 6,815,587 [B]     $ 1,567,833   $ 755,822
       
 
     
 

Superior National Insurance Administrators

 
    
   Non-Intercompany Accounts
    
   Intercompany Accounts
 
    
   Accounts Payable
   Accounts Receivable
    
   Accounts Payable
   Accounts Receivable
Current   Under 30 days     97,518     —         193,517     —
Overdue   31 - 60 days     —     —         82,051     —
Overdue   61 - 90 days     —     —         153,641     —
Overdue   91 - 120 days     (0 )   —         120,815     —
Overdue   121 + days     —     0         2,023,963     98,383
       
 
     
 
Total       $ 97,518   $ 0 [C]     $ 2,573,987   $ 98,383
       
 
     
 

Consolidated

 
    
   Non-Intercompany Accounts
    
   Intercompany Accounts
 
    
   Accounts Payable
   Accounts Receivable
    
   Accounts Payable
   Accounts Receivable
Current   Under 30 days     1,340,907     21,000         929,715     929,715
Overdue   31 - 60 days     281,043     (0 )       352,776     352,776
Overdue   61 - 90 days     532,834     0         714,550     714,550
Overdue   91 - 120 days     300,000     (0 )       120,815     120,815
Overdue   121 + days     942,517     6,878,931         7,283,043     22,673,325
       
 
     
 
Total       $ 3,397,301   $ 6,899,931       $ 9,400,899   $ 24,791,181
       
 
     
 
[A]
Amounts in accounts payable do not include interest due and accrued on bank loan and Trust Preferred Securities.

[B]
Amounts shown in accounts receivable do not include $13.8 million commissions receivable that were written off in December 2001. Nevertheless, Debtor continues to assert it's ownership of these commissions receivable and will continue to pursue it's rights of offset and other methods to effectuate collection.

[C]
Amounts shown in accounts receivable do not include $7.1 million commissions receivable that were written off in December 2001. Nevertheless, Debtor continues to assert it's ownership of these commissions receivable and will continue to pursue it's rights of offset and other methods to effectuate collection.

[D]
Amount shown in accounts receivable does not include a $0.6 million receivable that was written off in December 2001. Nevertheless, Debtor continues to assert it's ownership of this receivable and will continue to pursue it's rights of offset and other methods to effectuate collection.

[E]
Amounts include a payment of $5.4 million pursuant to an Order Authorizing Release of Escrowed Funds to the Bank Group Pursuant to Stipulation dated November 9, 2000. The $5.4 million was paid from BIG for interest expense accrued on SNIG.

SCHEDULE C
December 31, 2001

SNTL (formerly SNIG)

3.
Statement of Status of Payments to Secured Creditors and Lessors:

 
    
    
    
   Post-Petition
Payments Not Made
    
 
   Frequency of
Payments per
Lease/Contract
   Amount of
Each Payment
   Next Payment Due
    
Creditor/Lessor
   Number
   Amount
    
NONE                        

Amounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries.

SNTLHC (formerly BIG)

3.
Statement of Status of Payments to Secured Creditors and Lessors:

 
    
    
    
   Post-Petition
Payments Not Made
    
 
   Frequency of
Payments per
Lease/Contract
   Amount of
Each Payment
   Next Payment Due
    
Creditor/Lessor
   Number
   Amount
    
NONE                        

Amounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries.

SNIA

3.
Statement of Status of Payments to Secured Creditors and Lessors:

 
    
    
    
   Post-Petition
Payments Not Made
    
 
   Frequency of
Payments per
Lease/Contract
   Amount of
Each Payment
   Next Payment Due
    
Creditor/Lessor
   Number
   Amount
    
NONE                        

mounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries.

SNIS

3.
Statement of Status of Payments to Secured Creditors and Lessors:

 
    
    
    
   Post-Petition
Payments Not Made
    
 
   Frequency of
Payments per
Lease/Contract
   Amount of
Each Payment
   Next Payment Due
    
Creditor/Lessor
   Number
   Amount
    
NONE                        

Amounts above do not include bank loan in default, which are partially secured by stock of Superior National Insurance Group, Inc. and its subsidiaries.

SCHEDULE D

SNTL Corporation and Subsidiaries in Bankruptcy
Debtor in Possession
Insurance Coverage
December 31, 2001

State
   Carrier
   Agent
   Amount of
Coverage
   Policy
Exp. Date
   Premium Paid Thru Date
Arizona   Liberty Mutual Group   Di Buduo & De Fendis Insurance Group   Statutory   12-Jul-01   12-Jul-02
California   State Compensation Insurance Fund   Hogan Insurance   Statutory   01-Jun-01   31-Jan-02
Colorado   Pinnacol Assurance   Di Buduo & De Fendis Insurance Group   Statutory   01-Jun-01   01-Jun-02
Illinois   Liberty Mutual Group   Di Buduo & De Fendis Insurance Group   Statutory   12-Jul-01   12-Jul-02
Kansas   Liberty Mutual Group   Di Buduo & De Fendis Insurance Group   Statutory   11-Aug-01   11-Aug-02
Missouri   Travelers Property & Casualty   Di Buduo & De Fendis Insurance Group   Statutory   02-Jun-01   02-Jun-02
New Jersey   Granite State Insurance Company   Di Buduo & De Fendis Insurance Group   Statutory   02-Jun-01   02-Jun-02
New York   The State Insurance Fund (N.Y.)   Hogan Insurance   Statutory   02-Jun-01   02-Jun-02
Oklahoma   State Insurance Fund   IRAA   Statutory   15-Nov-00   15-Nov-01
Pennsylvania   State Workrmens' Insurance Fund   Di Buduo & De Fendis Insurance Group   Statutory   03-Jun-01   03-Jun-02
Texas   Texas W/C Insurance Fund   Hogan Insurance   Statutory   18-Jul-01   18-Jul-02
Virginia   Liberty Mutual Group   Di Buduo & De Fendis Insurance Group   Statutory   11-Aug-01   11-Aug-02

Note 1:
 
Within all of the policies identified above the following entities are covered for Workers' Comp.: SNTL (formerly SNIG), SNTLHC (formerly BIG), SNIA, and SNIS.
Note 2:   A Virginia employee was added to the Kansas policy
Note 3:   The AZ, ILL policy was renewed and the AR & GA states were removed
December 31, 2001

Company
   Agent
   Type of Insurance
 Amount of Coverage
   Policy Exp. Date
   SCHEDULE E

Premium paid thru date
SNTL (formerly SNIG),
SNTLHC (formerly BIG),
SNIS, & SNIA		   Hogan Insurance   Commercial General Liability Package BWCP 001385
  General Liability
  Advertising Injury

  Employee Benefit Liability
$1 million per occurrence
$2 million aggregate excluded
$1 million per claim		  
11/1/2002		  
11/1/2002
SNTL (formerly SNIG),
SNTLHC (formerly BIG),
SNIS, & SNIA		   Hogan Insurance   Automobile (non-owned) RPC 435072
  Liability
  Physical Damage/Comp/Collision
$1 million
$30,000
$100 deductible comp/ $250 collision		   11/1/2002   11/1/2002
SNTL (formerly SNIG),
SNTLHC (formerly BIG),
SNIS, & SNIA		   Carpenter Moore   Directors & Officers (run-off)
  Hartford
  Lloyd's of London
  Gulf Insurance Company
  Executive Risk Indeminity
  Philadelphia Indemnity
$5,000,000
$5,000,000 xs $5,000,000
$10,000,000 xs $10,000,000
$10,000,000 xs $20,000,000
$10,000,000 xs $30,000,000		  
5/1/2003		  
5/1/2003
SNTL (formerly SNIG),
SNTLHC (formerly BIG),
SNIS, & SNIA		   Hogan Insurance   Employment Practice Liability $1 million per loss
& in the aggregate		   1/15/2003   1/15/2003
SNTL (formerly SNIG),
SNTLHC (formerly BIG),
SNIS, & SNIA		   Hogan Insurance   Commercial Umbrella—CUBW 793401
  Evanston Insurance Company		 $10 million per occurrence
$10 million aggregate		   11/1/2002   11/1/2002
SNTL (formerly SNIG),
SNTLHC (formerly BIG),
SNIS, & SNIA		   Hogan Insurance   Excess Liability
United National Insurance
  XTA0000927		 $10 million per occurrence
$10 million aggregate		   11/20/2001   11/1/2002
SNTL (formerly SNIG),
SNTLHC (formerly BIG),
SNIS, & SNIA		   Andreini & Co   Accident Policy (Trip/Travel)
  Hartford		 $500,000 to $1,000,000
$1.5 million aggregate
(single accident)		   12/31/2002   12/31/2001
Working on renewal
SNTL CORP & Sub's   Hogan Insurance   Professional Liability—(Binder)
  Indian Harbor Insurance		 $1 million per occurrence
$1 million aggregate		   2/8/2002   2/8/2002
Binder
BIG only   DiBudio & DeFendis   Professional Liability Run Off
BIG companies only/acts b/f 12-10-99
*$500,000 deductible		 $10 million per loss
& in the aggregate		   12/10/2004   12/10/2004

SCHEDULE F
December 31, 2001

SNTL (formerly SNIG), SNTLHC (formerly BIG), SNIS, SNIA

Name of Professional
   Type
Professional
   Post-Petition
Unpaid Total
    
Paul, Weiss, Rifkind, Wharton & Garrison   Legal fees   $ 162,987   Note A
Latham & Watkins   Counsel for Official Committee of Unsecured Creditors   $ 347,593   Note A
Steve Eldrige   Tax consulting   $ —    
Quinn Emanuel Urquhart Oliver & Hedges LLP   Special litigation counsel   $ 1,293,561   Note A & B
Mannat Phelps   Legal fees   $ 82,528   Note A & B
KPMG LLP   Audit & consulting fees   $ 413,364   Note A
Christopher Maisel   Facilitator fees   $ 41,200   Note B
Riordan & McKinzie   Corporate counsel   $ 244,781   Note A & C
Pachulski, Stang, Ziehl, Young & Jones LLP   General bankruptcy counsel   $ 766,989   Note A
Miller, Herbers, Lehmann & Assoc.   Legal fees   $ 108,723   Note A
Davis, Fox & Berke   Legal fees—Hanover lawsuit   $ 43,971    
Edward Shoop   Actuarial consulting fees   $ 125,532    

Note A—Amount includes 20% hold back on professional fees sanctioned by the Bankruptcy Court.

Note B—Amount represents fees & expenses through November 30, 2001.

Note C—SNIG has a retainer with Riordan & McKinzie. Retainer balance as of 12/31/01 is $692,297.60.



QuickLinks

SNTL, SNTLHC, SNIA, SNIS Schedule of Operations One Month ended December 31, 2001 [Bankruptcy filed April 26, 2000] [unaudited]
 EX-99.148 4 a2070948zex-99_148.htm EXHIBIT 99.148 Prepared by MERRILL CORPORATION

Exhibit 99.148

OFFICE OF THE UNITED STATES TRUSTEE

IN RE:   )   DEBTOR IN POSSESSION OPERATING REPORT
    )    
SNTL HOLDINGS CORPORATION
(formerly BUSINESS INSURANCE GROUP)		   )
)		   REPORT NUMBER 21
FOR THE PERIOD FROM: 01-Dec-01
    )   TO: 31-Dec-01
DEBTOR   )    
CHAPTER 11 CASE NO. SV00-14101-GM   )    

1. Profit and Loss Statement
 
 
 
Please see Attached Schedule A
A. Related to Business Operations:                
  Gross Sales                
       
       
  Less Sales Returns and Discounts                
       
       
    Net Sales                
           
   
  Less: Cost of Goods Sold                
    Beginning Inventory at Cost                
       
       
    Add: Purchases                
       
       
    Less: Ending Inventory at Cost                
       
       
      Cost of Goods Sold                
           
   
    Gross Profit                
               
   
Other Operating Revenue (Specify)
 
 
 
 
 
 
 
 
               

Less: Operating Expenses
 
 
 
 
 
 
 
 
  Officer Compensation                
       
       
  Salaries & Wages—Other Employees                
       
       
    Total Salaries & Wages                
           
   
    Employee Benefits                
           
   
  Payroll Taxes                
       
       
  Real Estate Taxes                
       
       
  Federal and State Income Taxes                
       
       
    Total Taxes                
           
   
  Rent and Lease Exp. (Real and Personal Property)                
       
       
  Interest Expense (Mortgage, Loan, etc.)                
       
       
  Insurance                
       
       
  Automobile Expense                
       
       
  Utilities (Gas, Electric, Water, Telephone, etc.)                
       
       
  Depreciation and Amortization                
       
       
  Repairs and Maintenance                
       
       
  Advertising                
       
       
  Supplies, Office Expenses, Photocopies, etc.                
       
       
  Bad Debts                
       
       
  Miscellaneous Operating Expenses (Specify)                
       
       
    Total Operating Expenses                
           
   
  Net Gain/(Loss) from Business Operations                
               

B. Not Related to Business Operations
 
 
 
 
 
 
 
 
               
  Income:                
    Interest Income                
           
   
    Other Non-Operating Revenues (Specify)                
           
   
    Gross Proceeds on Sale of Assets                
       
       
    Less: Original Cost of Assets plus Expenses of Sale                
       
       
      Net Gain/(Loss) on Sale of Assets                
           
   
    Total Non-Operating Income                
               
  Expenses Not Related to Business Operations:                
    Legal and Professional Fees                
           
   
    Other Non-Operating Revenues (Specify)                
           
   
      Total Non-Operating Expenses                
               
  NET INCOME /(LOSS) FOR PERIOD                
               
Revised April 1989       OPERATING REPORT       UST-4

Page 1

DEBTOR IN POSSESSION OPERATING REPORT NO. 21

2.
Aging of Accounts Payable and Receivable (exclude pre-petition debt from accounts payable):

 
    
   Accounts Payable
   Accounts Receivable
Current   Under 30 days   $ 0   $ 0
Overdue   31 - 60 days   $ 0   $ 0
Overdue   61 - 90 days     PLEASE SEE ATTACHED SCHEDULE B
Overdue   91 - 120 days   $ 0   $ 0
Overdue   121 + days   $ 0   $ 0
Total       $ 0   $ 0
3.
Statement of Status of Payments to Secured Creditors and Lessors:

 
    
    
    
   Post-Petition
Payments Not Made
 
   Frequency of
Payments per
Lease/Contract
   Amount of
Each Payment
   Next Payment Due
Creditor/Lessor
   Number
   Amount
    NONE                
4.
Tax Liability:

 
    
Gross Payroll Expense For Period   $0
Gross Sales for Period Subject to Sales Tax   $0

 
 
Date Paid
 
Amount
Paid *
 
Post Petition Taxes
Still Owing
Federal Payroll and Withholding Taxes   N/A   $0   N/A
State Payroll and Withholding Taxes   N/A   $0   N/A
State Sales and Use Tax   N/A   $0   N/A
Real Property Taxes   N/A   $0   N/A

      * Attach photocopies of depository receipts from taxing authority or financial institution to verify that such deposits or payments have been made.

5.
Insurance Coverage

 
   Carrier/
Agent
   Amount of
Coverage
   Policy
Exp. Date
   Premium Paid
Thru Date
Worker's Compensation   See Schedule D            
Liability   See Schedule E            
Fire and Extended Coverage   See Schedule E            
Property   See Schedule E            
Theft   See Schedule E            
Life (Beneficiary:            )   See Schedule E            
Vehicle   See Schedule E            
Other   See Schedule E            

Page 2

DEBTOR IN POSSESSION OPERATING REPORT NO. 21

6.
Questions:

A.
Has the Debtor provided to any officers, directors, shareholders, or other principals compensation without the approval of the Office of the United States Trustee?

      / /: Yes            Explain:                                         

      /x/: No

    B.
    Has the Debtor, subsequent to the filing of the petition made any payments on its pre-petition unsecured debt, except as have been authorized by the Court?

      / /: Yes            Explain:                                         

      /x/: No

7.
Statement of Unpaid Professional Fees (Post-Petition Only):

Name of Professional
   Type
Professional
   Post-Petition
Unpaid Total
See Schedule F        
8.
Narrative Report of Significant Events And Events Out Of The Ordinary Course Of Business:
9.
Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter)

Quarterly
Period Ending
   Quarterly
Disbursements
for Quarter
   Quarterly
Fee
   Date Paid
   Amount Paid
   Check No.
   Quarterly
Fee Still Owing
    
12/31/2001   $ 76,474   $ 750               $ 750    

I, Alex Corbett—Chief Financial Officer, declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge.

Dated:   2/11/2002   Signed:   /s/  ALEX CORBETT      
   
     

Page 3


 EX-99.149 5 a2070948zex-99_149.htm EXHIBIT 99.149 Prepared by MERRILL CORPORATION

Exhibit 99.149

OFFICE OF THE UNITED STATES TRUSTEE

IN RE:   )   DEBTOR IN POSSESSION OPERATING REPORT
    )    
SN INSURANCE ADMINISTRATORS   )   REPORT NUMBER 21
    )   FOR THE PERIOD FROM: 01-Dec-01
DEBTOR   )   TO: 31-Dec-01
    )    
CHAPTER 11 CASE NO. SV00-14102-GM   )    

1. Profit and Loss Statement
 
 
 
Please see Attached Schedule A
A. Related to Business Operations:                
  Gross Sales                
       
       
  Less Sales Returns and Discounts                
       
       
    Net Sales                
           
   
  Less: Cost of Goods Sold                
    Beginning Inventory at Cost                
       
       
    Add: Purchases                
       
       
    Less: Ending Inventory at Cost                
       
       
      Cost of Goods Sold                
           
   
    Gross Profit                
               
   
Other Operating Revenue (Specify)
 
 
 
 
 
 
 
 
               

Less: Operating Expenses
 
 
 
 
 
 
 
 
  Officer Compensation                
       
       
  Salaries & Wages—Other Employees                
       
       
    Total Salaries & Wages                
           
   
    Employee Benefits                
           
   
  Payroll Taxes                
       
       
  Real Estate Taxes                
       
       
  Federal and State Income Taxes                
       
       
    Total Taxes                
           
   
  Rent and Lease Exp. (Real and Personal Property)                
       
       
  Interest Expense (Mortgage, Loan, etc.)                
       
       
  Insurance                
       
       
  Automobile Expense                
       
       
  Utilities (Gas, Electric, Water, Telephone, etc.)                
       
       
  Depreciation and Amortization                
       
       
  Repairs and Maintenance                
       
       
  Advertising                
       
       
  Supplies, Office Expenses, Photocopies, etc.                
       
       
  Bad Debts                
       
       
Miscellaneous Operating Expenses (Specify)                
       
       
    Total Operating Expenses                
           
   
  Net Gain/(Loss) from Business Operations                
               

B. Not Related to Business Operations
 
 
 
 
 
 
 
 
               
  Income:                
    Interest Income                
           
   
    Other Non-Operating Revenues (Specify)                
           
   
    Gross Proceeds on Sale of Assets                
       
       
    Less: Original Cost of Assets plus Expenses of Sale                
       
       
      Net Gain/(Loss) on Sale of Assets                
           
   
    Total Non-Operating Income                
               
  Expenses Not Related to Business Operations:                
    Legal and Professional Fees                
           
   
    Other Non-Operating Revenues (Specify)                
           
   
      Total Non-Operating Expenses                
               
  NET INCOME /(LOSS) FOR PERIOD                
               
Revised April 1989       OPERATING REPORT       UST-4

Page 1

DEBTOR IN POSSESSION OPERATING REPORT NO. 21

2.
Aging of Accounts Payable and Receivable (exclude pre-petition debt from accounts payable):

 
    
   Accounts Payable
   Accounts Receivable
Current   Under 30 days   $ 0   $ 0
Overdue   31 - 60 days   $ 0   $ 0
Overdue   61 - 90 days     PLEASE SEE ATTACHED SCHEDULE B
Overdue   91 - 120 days   $ 0   $ 0
Overdue   121 + days   $ 0   $ 0
Total       $ 0   $ 0
3.
Statement of Status of Payments to Secured Creditors and Lessors:

 
    
    
    
   Post-Petition
Payments Not Made
 
   Frequency of
Payments per
Lease/Contract
   Amount of
Each Payment
   Next Payment Due
Creditor/Lessor
   Number
   Amount
    NONE                
4.
Tax Liability:

 
    
Gross Payroll Expense For Period   $37,348
Gross Sales for Period Subject to Sales Tax   $0

 
 
Date Paid
 
Amount
Paid *
 
Post Petition Taxes
Still Owing
Federal Payroll and Withholding Taxes   12/15/01 & 12/31/01   $6,818   0
State Payroll and Withholding Taxes   12/15/01 & 12/31/01   $1,153   0
State Sales and Use Tax   N/A   $0   N/A
Real Property Taxes   N/A   $0   N/A

      ALL PAYROLL TAXES PAID BY ADP

      * Attach photocopies of depository receipts from taxing authority or financial institution to verify that such deposits or payments have been made.

5.
Insurance Coverage

 
   Carrier/
Agent
   Amount of
Coverage
   Policy
Exp. Date
   Premium Paid
Thru Date
Worker's Compensation   See Schedule D            
Liability   See Schedule E            
Fire and Extended Coverage   See Schedule E            
Property   See Schedule E            
Theft   See Schedule E            
Life (Beneficiary:            )   See Schedule E            
Vehicle   See Schedule E            
Other   See Schedule E            

Page 2

DEBTOR IN POSSESSION OPERATING REPORT NO. 21

6.
Questions:

A.
Has the Debtor provided to any officers, directors, shareholders, or other principals compensation without the approval of the Office of the United States Trustee?

      / /: Yes            Explain:                                         

      /x/: No

    B.
    Has the Debtor, subsequent to the filing of the petition made any payments on its pre-petition unsecured debt, except as have been authorized by the Court?

      / /: Yes            Explain:                                         

      /x/: No

7.
Statement of Unpaid Professional Fees (Post-Petition Only):

Name of Professional
   Type
Professional
   Post-Petition
Unpaid Total
See Schedule F        
8.
    Narrative Report of Significant Events And Events Out Of The Ordinary Course Of Business:

9.
    Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter)

Quarterly
Period Ending
   Quarterly
Disbursements
for Quarter
   Quarterly
Fee
   Date Paid
   Amount Paid
   Check No.
   Quarterly
Fee Still Owing
    
12/31/2001   $ 149,858   $ 750               $ 750    

I, Alex Corbett—Chief Financial Officer, declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge.

Dated:   2/11/2002   Signed:   /s/  ALEX CORBETT      
   
     

Page 3


 EX-99.150 6 a2070948zex-99_150.htm EXHIBIT 99.150 Prepared by MERRILL CORPORATION

Exhibit 99.150

OFFICE OF THE UNITED STATES TRUSTEE

IN RE:   )   DEBTOR IN POSSESSION OPERATING REPORT
    )    
SN INSURANCE SERVICES   )   REPORT NUMBER 21
    )   FOR THE PERIOD FROM: 01-Dec-01
DEBTOR   )   TO: 31-Dec-01
    )    
CHAPTER 11 CASE NO. SV00-14100-GM   )
 		   

1. Profit and Loss Statement
 
 
 
Please see Attached Schedule A
A. Related to Business Operations:                
  Gross Sales                
       
       
  Less Sales Returns and Discounts                
       
       
    Net Sales                
           
   
  Less: Cost of Goods Sold                
    Beginning Inventory at Cost                
       
       
    Add: Purchases                
       
       
    Less: Ending Inventory at Cost                
       
       
      Cost of Goods Sold                
           
   
    Gross Profit                
               
   
Other Operating Revenue (Specify)
 
 
 
 
 
 
 
 
               

Less: Operating Expenses
 
 
 
 
 
 
 
 
  Officer Compensation                
       
       
  Salaries & Wages—Other Employees                
       
       
    Total Salaries & Wages                
           
   
    Employee Benefits                
           
   
  Payroll Taxes                
       
       
  Real Estate Taxes                
       
       
  Federal and State Income Taxes                
       
       
    Total Taxes                
           
   
  Rent and Lease Exp. (Real and Personal Property)                
       
       
  Interest Expense (Mortgage, Loan, etc.)                
       
       
  Insurance                
       
       
  Automobile Expense                
       
       
  Utilities (Gas, Electric, Water, Telephone, etc.)                
       
       
  Depreciation and Amortization                
       
       
  Repairs and Maintenance                
       
       
  Advertising                
       
       
  Supplies, Office Expenses, Photocopies, etc.                
       
       
  Bad Debts                
       
       
  Miscellaneous Operating Expenses (Specify)                
       
       
    Total Operating Expenses                
           
   
  Net Gain/(Loss) from Business Operations                
               

B. Not Related to Business Operations
 
 
 
 
 
 
 
 
               
  Income:                
    Interest Income                
           
   
    Other Non-Operating Revenues (Specify)                
           
   
    Gross Proceeds on Sale of Assets                
       
       
    Less: Original Cost of Assets plus Expenses of Sale                
       
       
      Net Gain/(Loss) on Sale of Assets                
           
   
    Total Non-Operating Income                
               
  Expenses Not Related to Business Operations:                
    Legal and Professional Fees                
           
   
    Other Non-Operating Revenues (Specify)                
           
   
      Total Non-Operating Expenses                
               
  NET INCOME /(LOSS) FOR PERIOD                
               
Revised April 1989       OPERATING REPORT       UST-4

Page 1

DEBTOR IN POSSESSION OPERATING REPORT NO. 21

2.
Aging of Accounts Payable and Receivable (exclude pre-petition debt from accounts payable):

 
    
   Accounts Payable
   Accounts Receivable
Current   Under 30 days   $ 0   $ 0
Overdue   31 - 60 days   $ 0   $ 0
Overdue   61 - 90 days     PLEASE SEE ATTACHED SCHEDULE B
Overdue   91 - 120 days   $ 0   $ 0
Overdue   121 + days   $ 0   $ 0
Total       $ 0   $ 0
3.
Statement of Status of Payments to Secured Creditors and Lessors:

 
    
    
    
   Post-Petition
Payments Not Made
 
   Frequency of
Payments per
Lease/Contract
   Amount of
Each Payment
   Next Payment Due
Creditor/Lessor
   Number
   Amount
    NONE                
4.
Tax Liability:

 
    
Gross Payroll Expense For Period   $142,868
Gross Sales for Period Subject to Sales Tax   $0

 
 
Date Paid
 
Amount
Paid *
 
Post Petition Taxes
Still Owing
Federal Payroll and Withholding Taxes   12/15/01 & 12/31/01   $32,293   0
State Payroll and Withholding Taxes   12/15/01 & 12/31/01   $4,444   0
State Sales and Use Tax   N/A   $0   N/A
Real Property Taxes   N/A   $0   N/A

      ALL PAYROLL TAXES PAID BY ADP

      * Attach photocopies of depository receipts from taxing authority or financial institution to verify that such deposits or payments have been made.

5.
Insurance Coverage

 
   Carrier/
Agent
   Amount of
Coverage
   Policy
Exp. Date
   Premium Paid
Thru Date
Worker's Compensation   See Schedule D            
Liability   See Schedule E            
Fire and Extended Coverage   See Schedule E            
Property   See Schedule E            
Theft   See Schedule E            
Life (Beneficiary:            )   See Schedule E            
Vehicle   See Schedule E            
Other   See Schedule E            

Page 2

DEBTOR IN POSSESSION OPERATING REPORT NO. 21

6.
Questions:

A.
Has the Debtor provided to any officers, directors, shareholders, or other principals compensation without the approval of the Office of the United States Trustee?

      / /: Yes            Explain:                                         

      /x/: No

    B.
    Has the Debtor, subsequent to the filing of the petition made any payments on its pre-petition unsecured debt, except as have been authorized by the Court?

      / /: Yes            Explain:                                         

      /x/: No

7.
Statement of Unpaid Professional Fees (Post-Petition Only):

Name of Professional
   Type
Professional
   Post-Petition
Unpaid Total
See Schedule F        
8.
Narrative Report of Significant Events And Events Out Of The Ordinary Course Of Business:
9.
Quarterly Fees: (This Fee must be paid to the United States Trustee every calendar quarter)

Quarterly
Period Ending
   Quarterly
Disbursements
for Quarter
   Quarterly
Fee
   Date Paid
   Amount Paid
   Check No.
   Quarterly
Fee Still Owing
    
12/31/2001   $ 2,233,900   $ 7,500               $ 7,500    

I, Alex Corbett—Chief Financial Officer, declare under penalty of perjury that the information contained in the above Debtor in Possession Operating Report is true and complete to the best of my knowledge.

Dated:   2/11/2002   Signed:   /s/  ALEX CORBETT      
   
     

Page 3


 EX-99.151 7 a2070948zex-99_151.htm EXHIBIT 99.151 Prepared by MERRILL CORPORATION

Exhibit 99.151

OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA

IN RE:
SNTL Corporation
(formerly Superior National Insurance Group)
DEBTOR
CHAPTER 11 CASE NO. SV00-14099-GM

DEBTOR IN POSSESSION INTERIM STATEMENT
STATEMENT NO. 21
FOR THE PERIOD FROM:  1-Dec-01
TO: 31-Dec-01

CASH ACTIVITY ANALYSIS

   DIP Payroll Account
   DIP WCMA/MLIF Account
   DIP Operating Account
   Pre-Petition Payroll Account
   Pre-Petition Operating Account Imperial Bank
   Pre-Petition Operating Account Bank of Bermuda
   Pre-Petition Investment Account
 
    
    
    
   CLOSED 5/12/00
   CLOSED 5/15/00
   CLOSED 5/19/00
   CLOSED 5/31/00
A. Total Receipts Per All Prior Interim Statements   $ 8,302,985.84   $ 4,984,737.74   $ 755,319.36   $ 127,139.87   $ 84.46   $ 45.84   $ 12.16

B. Less: Total Disbursements Per All Prior Interim Statements
 
$
8,281,198.62
 
$
4,981,554.85
 
$
719,726.04
 
$
127,139.87
 
$
84.46
 
$
45.84
 
$
12.16
   
 
 
 
 
 
 

C. Beginning Balance
 
$
21,787.22
 
$
3,182.89
 
$
35,593.32
 
$
0.00
 
$
0.00
 
$
0.00
 
$
0.00
   
 
 
 
 
 
 

D. Receipts During Current Period Per Attached Schedule
 
$
0.00
 
$
142,903.88
 
$
75,000.00
 
$
0.00
 
$
0.00
 
$
0.00
 
$
0.00
   
 
 
 
 
 
 

E. Balance Available
 
$
21,787.22
 
$
146,086.77
 
$
110,593.32
 
$
0.00
 
$
0.00
 
$
0.00
 
$
0.00
   
 
 
 
 
 
 

F. Less: Disbursements During Period Per Attached Schedule
 
$
2,800.11
 
$
75,010.00
 
$
77,071.75
 
$
0.00
 
$
0.00
 
$
0.00
 
$
0.00
   
 
 
 
 
 
 

G. Ending Balance
 
$
18,987.11
 
$
71,076.77
 
$
33,521.57
 
$
0.00
 
$
0.00
 
$
0.00
 
$
0.00
   
 
 
 
 
 
 
H. ACCOUNT INFORMATION    
  (1). DIP Payroll Account    
    (a) Depository Name and Location   Bank of America, 345 Montgomery Street, LL1, San Francisco, CA 94104
    (b) Account Number   15818-20438
  (2). DIP WCMA/MLIF Account    
    (a) Depository Name and Location   Merrill Lynch, 10 West Second Street, #400, Dayton, OH 45402
    (b) Account Number   77M07W63
  (3). DIP Operating Account    
    (a) Depository Name and Location   Bank of America, 345 Montgomery Street, LL1, San Francisco, CA 94104
    (b) Account Number   15815-16527
  (4). Pre-Petition Payroll Account    
    (a) Depository Name and Location   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   14173-04996              CLOSED 5/12/00
  (5). Pre-Petition Operating Account    
    (a) Depository Name and Location   Imperial Bank, 226 Airport Parkway, San Jose, CA 95110
    (b) Account Number   17-061-275                CLOSED 5/15/00
  (6). Pre-Petition Operating Account    
    (a) Depository Name and Location   Bank of Bermuda, 6 Front Street, Hamilton HM 11, Bermuda
    (b) Account Number   1010-584560                CLOSED 5/19/00
  (7). Pre-Petition Investment Account    
    (a) Depository Name and Location   Bank of New York, 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017
    (b) Account Number   350776                CLOSED 5/31/00
I. Other Monies On Hand: None    

I, Alex Corbett, Chief Financial Officer, declare under penalty of perjury, that the information contained in the above
Debtor in Possession Interim Statement is true and complete to the best of my knowledge:

Dated:   1/22/2002   Signed:   /s/  ALEX CORBETT      
   
     

PAGE 1

OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA

IN RE:
SNTL Corporation
(formerly Superior National
Insurance Group)
DEBTOR
CHAPTER 11 CASE NO. SV00-14099-GM

DEBTOR IN POSSESSION INTERIM STATEMENT
STATEMENT NO. 21
FOR THE PERIOD FROM:  1-Dec-01
TO: 31-Dec-01

CASH ACTIVITY ANALYSIS

   Pre-Petition
MLIF Account
   Pre-Petition Monarch Funds Account
   Pre-Petition Preemptive Rights Holding Account
   Pre-Petition Operating Account Chase
   Pre-Petition Equity Account
   Pre-Petition Concentration Acct Bank of America
   Pre-Petition Accounts Payable Bank of America
 
   CLOSED 6/6/00
   CLOSED 6/6/00
   CLOSED 5/15/00
   CLOSED 5/18/00
   CLOSED 5/15/00
   CLOSED
5/10/00
   CLOSED 5/15/00
A. Total Receipts Per All Prior Interim Statements   $ 1,215,440.20   $ 173.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
B. Less: Total Disbursements Per All Prior Interim Statements   $ 1,215,439.74   $ 173.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
C. Beginning Balance   $ 0.46   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
D. Receipts During Current Period Per Attached Schedule   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
E. Balance Available   $ 0.46   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
F. Less: Disbursements During Period Per Attached Schedule   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
G. Ending Balance   $ 0.46   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
H. ACCOUNT INFORMATION    
  (7). Pre-Petition MLIF Account    
    (a) Depository Name and Location   Merrill Lynch, 10 West Second Street, #400, Dayton, OH 45402
    (b) Account Number   77M07K15                CLOSED 6/6/00
  (8). Pre-Petition Monarch Funds Account    
    (a) Depository Name and Location   Imperial Bank-Monarch Funds, PO Box 446, Portland, ME 04112
    (b) Account Number   10-00054585-31-01                CLOSED 6/6/00
  (9). Pre-Petition Preemptive Rights Holding Account    
    (a) Depository Name and Location   Imperial Bank-Monarch Funds, PO Box 446, Portland, ME 04112
    (b) Account Number   17-108-832                CLOSED 5/15/00
  (10). Pre-Petition Operating Account    
    (a) Depository Name and Location   Chase Manhattan Bank, 4 Chase MetroTech Center, 18th Floor, Brooklyn, NY 11245
    (b) Account Number   910-2-662864                CLOSED 5/18/00
  (11). Pre-Petition Equity Account    
    (a) Depository Name and Location   Chase Manhattan Bank, 4 Chase MetroTech Center, 18th Floor, Brooklyn, NY 11245
    (b) Account Number   910-2-662856                CLOSED 5/15/00
  (12). Pre-Petition Concentration Account    
    (a) Depository Name and Location   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   14173-04939                CLOSED 5/10/00
  (13). Pre-Petition Accounts Payable Account    
  (a) Depository Name and Location   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
  (b) Account Number   77650-01167                CLOSED 5/15/00

PAGE 2


 EX-99.152 8 a2070948zex-99_152.htm EXHIBIT 99.152 Prepared by MERRILL CORPORATION
QuickLinks -- Click here to rapidly navigate through this document

Exhibit 99.152


OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA

IN RE:
SNTL Holdings Corporation
(formerly Business Insurance Group, Inc.
DEBTOR
CHAPTER 11 CASE NO. SV00-14101-GM

DEBTOR IN POSSESSION INTERIM STATEMENT
STATEMENT NO. 21
FOR THE PERIOD FROM: 1-Dec-01
TO: 31-Dec-01

CASH ACTIVITY ANALYSIS

   DIP General
Account
   DIP Accounts
Payable Account
   DIP WCMA/MLIF
Account
   Pre-Petition
Concentration Acct (1)
   Pre-Petition Money
Market Account
   Pre-Petition
Investment Acct (1)
   Pre-Petition
Investment Acct (2)
 
    
   CLOSED
7/31/00

    
   CLOSED
5/11/00

   CLOSED
5/18/00

   CLOSED
5/31/00

   CLOSED
5/31/00
A. Total Receipts Per All Prior Interim Statements   $ 690,073.06   $ 0.00   $ 6,399,068.52   $ 544,242.11   $ 105,830.95   $ 0.36   $ 0.97
B. Less: Total Disbursements Per All Prior Interim Statements   $ 670,542.48   $ 0.00   $ 5,349,507.94   $ 544,242.11   $ 105,830.95   $ 0.36   $ 0.97
   
 
 
 
 
 
 
C. Beginning Balance   $ 19,530.58   $ 0.00   $ 1,049,560.58   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
D. Receipts During Current Period Per Attached Schedule   $ 0.00   $ 0.00   $ 1,795.36   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
E. Balance Available   $ 19,530.58   $ 0.00   $ 1,051,355.94   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
F. Less: Disbursements During Period Per Attached Schedule   $ 207.25   $ 0.00   $ 75,735.83   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
G. Ending Balance   $ 19,323.33   $ 0.00   $ 975,620.11   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
H. ACCOUNT INFORMATION        
  (1). DIP General Account        
    (a) Name and Location of Bank   Bank of America, 345 Montgomery Street, LL1, San Francisco, CA 94104
    (b) Account Number   15819-20485    
  (2). DIP Accounts Payable Account        
    (a) Name and Location of Bank   Bank of America, 345 Montgomery Street, LL1, San Francisco, CA 94104
    (b) Account Number   15816-20491   CLOSED 7/31/00
  (3). DIP WCMA/MLIF Account        
    (a) Name and Location of Bank   Merril Lynch, 10 West Second Street, #400, Dayton, OH 45402
    (b) Account Number   77M07W61    
  (4). Pre-Petition Concentration Account        
    (a) Name and Location of Bank   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   14176-00505   CLOSED 5/11/00
  (5). Pre-Petition Money Market Account        
    (a) Name and Location of Bank   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   14179-03328   CLOSED 5/18/00
  (6). Pre-Petition Investment Account (1)        
    (a) Name and Location of Bank   Bank of New York, 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017
    (b) Account Number   046705   CLOSED 5/31/00
  (7). Pre-Petition Investment Account (2)        
    (a) Name and Location of Bank   Bank of New York, 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017
    (b) Account Number   046706   CLOSED 5/31/00
I. Other Monies On Hand: None        

I, Alex Corbett, Chief Financial Officer, declare under penalty of perjury, that the information contained in the above Debtor in Possession Interim Statement is true and complete to the best of my knowledge:

Dated: 1/22/2002
   Signed: /s/ ALEX CORBETT

PAGE 1

OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA

IN RE:
SNTL Holdings Corporation
(formerly Business Insurance Group, Inc.)
DEBTOR
CHAPTER 11 CASE NO. SV00-14101-GM

DEBTOR IN POSSESSION INTERIM STATEMENT
STATEMENT NO. 21
FOR THE PERIOD FROM: 1-Dec-01
TO: 31-Dec-01

CASH ACTIVITY ANALYSIS

   Pre-Petition
Concentration Acct (2)
   Pre-Petition Accounts
Payable Account
   Pre-Petition
Payable Account
   NOT
APPLICABLE
   NOT
APPLICABLE
   NOT
APPLICABLE
 
   CLOSED
5/10/00

   CLOSED
5/15/00

   CLOSED
5/12/00

    
    
    
A. Total Receipts Per All Prior Interim Statements   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
B. Less: Total Disbursements Per All Prior Interim Statements   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
C. Beginning Balance   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
D. Receipts During Current Period Per Attached Schedule   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
E. Balance Available   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
F. Less: Disbursements During Period Per Attached Schedule   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
G. Ending Balance   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
H. ACCOUNT INFORMATION        
  (1). Pre-Petition Concentration Account        
    (a) Name and Location of Bank   Bank of America, 345 Montgomery Street, LL1, San Francisco, CA 94104
    (b)Account Number   14999-02337   CLOSED 5/10/00
  (2). Pre-Petition Accounts Payable Account        
    (a) Name and Location of Bank   Bank of America, 345 Montgomery Street, LL1, San Francisco, CA 94104
    (b) Account Number   77651-00780   CLOSED 5/15/00
  (3). Pre-Petition Payroll Account        
    (a) Name and Location of Bank   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   12336-23733   CLOSED 5/12/00
  (4). NOT APPLICABLE        
    (a) Name and Location of Bank        
    (b) Account Number        
  (5). NOT APPLICABLE        
    (a) Name and Location of Bank        
    (b) Account Number        
  (6). NOT APPLICABLE        
    (a) Name and Location of Bank        
    (b) Account Number        
I. Other Monies On Hand: None        

I,                                                  , declare under penalty that the information contained in the above Debtor in Possession Interim Statement is true and complete to the best of my knowledge:

Dated:   Signed:
 

PAGE 2



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OFFICE OF THE UNITED STATES TRUSTEE CENTRAL DISTRICT OF CALIFORNIA
 EX-99.153 9 a2070948zex-99_153.htm EXHIBIT 99.153 Prepared by MERRILL CORPORATION

Exhibit 99.153

OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA

IN RE:
SN Insurance Administrators, Inc.
DEBTOR
CHAPTER 11 CASE NO. SV00-14102-GM

DEBTOR IN POSSESSION INTERIM STATEMENT
STATEMENT NO. 21
FOR THE PERIOD FROM: 12/1/2001
TO: 12/31/2001

CASH ACTIVITY ANALYSIS

   DIP Payroll Account
   DIP Operating Account
   DIP WCMA / MLIF Account
   DIP Operating Account
   Pre-Petition Payroll Account
   Pre-Petition Operating Account
   Pre-Petition Concentration Acct
   Pre-Petition Account Payable Acct
 
    
   CLOSED 2/01
    
    
   CLOSED 5/12/00
   CLOSED 6/1/00
   CLOSED 5/10/00
   CLOSED 5/15/00
A. Total Receipts Per All Prior Interim Statements   $ 12,735,019.47   $ 201,886.69   $ 744,039.85   $ 166,003.59   $ 89,716.19   $ 55.00   $ 0.00   $ 0.00
B. Less: Total Disbursements Per All Prior Interim Statements   $ 12,733,766.78   $ 201,886.69   $ 487,304.49   $ 139,503.63   $ 89,716.19   $ 55.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
 
C. Beginning Balance   $ 1,252.69   $ 0.00   $ 256,735.36   $ 26,499.96   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
 
D. Receipts During Current Period Per Attached Schedule   $ 0.00   $ 0.00   $ 658.49   $ 20,000.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
 
E. Balance Available   $ 1,252.69   $ 0.00   $ 257,393.85   $ 46,499.96   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
 
F. Less: Disbursements During Period Per Attached Schedule   $ 14.75   $ 0.00   $ 55,497.44   $ 25,971.05   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
 
G. Ending Balance   $ 1,237.94   $ 0.00   $ 201,896.41   $ 20,528.91   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
 
 
H. ACCOUNT INFORMATION    
  (1). DIP Payroll Account    
    (a) Bank name and location   Bank of America, 345 Montgomery Street, LL1, San Francisco, CA 94104
    (b) Account Number   15811-20465
  (2). DIP Operating Account    
    (a) Bank name and location   Imperial Bank, 226 Airport Parkway, San Jose, CA 95110
    (b) Account Number   17-402-552              CLOSED 2/01
  (3). DIP WCMA/MLIF Account    
    (a) Bank name and location   Merrill Lynch, 10 West Second Street, #400, Dayton, OH 45402
    (b) Account Number   77M07W62
  (4). DIP Operating Account    
    (a) Bank name and location   Bank of America, 345 Montgomery Street, LL1, San Francisco, CA 94104
    (b) Account Number   15816-16574
  (5). Pre-Petition Payroll Account    
    (a) Bank name and location   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   14177-04994              CLOSED 5/12/00
  (6). Pre-Petition Operating Account    
  (a) Bank name and location   Imperial Bank, 226 Airport Parkway, San Jose, CA 95110
    (b) Account Number   17-401-289              CLOSED 6/1/00
  (7). Pre-Petition Concentration Account    
    (a) Bank name and location   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   14178-04941              CLOSED 5/10/00
  (8). Pre-Petition Accounts Payable Account    
    (a) Bank name and location   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   77652-01166              CLOSED 5/15/00
I. Other Monies On Hand: None    

I, Alex Corbett, Chief Financial Officer, declare under penalty of perjury, that the information contained in the above Debtor in Possession Interim Statement is true and complete to the best of my knowledge:

Dated:   1/22/2002   Signed:   /s/  ALEX CORBETT      
   
     

PAGE 1


 EX-99.154 10 a2070948zex-99_154.htm EXHIBIT 99.154 Prepared by MERRILL CORPORATION

Exhibit 99.154

OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA

IN RE:
SN Insurance Services, Inc.
DEBTOR
CHAPTER 11 CASE NO. SV00-14100-GM

DEBTOR IN POSSESSION INTERIM STATEMENT
STATEMENT NO. 21
FOR THE PERIOD FROM: 1-Dec-01
TO: 31-Dec-01

CASH ACTIVITY ANALYSIS

   DIP General Account
   DIP Payroll Account
   DIP General Account—Chase
   DIP Fiduciary Account
   DIP Cananwill Trust Account
 
    
    
    
    
   CLOSED 3/7/01
A. Total Receipts Per All Prior Interim Statements   $ 35,054,720.19   $ 11,036,077.09   $ 24,050,719.18   $ 32,478,124.19   $ 766,173.14
B. Less: Total Disbursements Per All Prior Interim Statements   $ 34,904,964.99   $ 11,034,441.84   $ 23,941,048.23   $ 32,478,124.19   $ 766,173.14
   
 
 
 
 
C. Beginning Balance   $ 149,755.20   $ 1,635.25   $ 109,670.95   $ 0.00   $ 0.00
   
 
 
 
 
D. Receipts During Current Period Per Attached Schedule   $ 205,804.58   $ 10,000.00   $ 43.48   $ 0.00   $ 0.00
   
 
 
 
 
E. Balance Available   $ 355,559.78   $ 11,635.25   $ 109,714.43   $ 0.00   $ 0.00
   
 
 
 
 
F. Less: Disbursements During Period Per Attached Schedule   $ 182,468.29   $ 2,039.65   $ 830.17   $ 0.00   $ 0.00
   
 
 
 
 
G. Ending Balance   $ 173,091.49   $ 9,595.60   $ 108,884.26   $ 0.00   $ 0.00
   
 
 
 
 
H. ACCOUNT INFORMATION    
  (1). DIP General Account    
    (a) Depository Name and Location   Bank of America, 345 Montgomery Street, LL1, San Francisco, CA 94104
    (b) Account Number   15819-20480
  (2). DIP Payroll Account    
    (a) Depository Name and Location   Bank of America, 345 Montgomery Street, LL1, San Francisco, CA 94104
    (b) Account Number   15812-20431
  (3). DIP General Account—Chase    
    (a) Depository Name and Location   Chase Manhattan Bank, 4 Chase MetroTech Center, 18th Floor, Brooklyn, NY 11245
    (b) Account Number   323-894984
  (4). DIP Fiduciary Account    
    (a) Depository Name and Location   Imperial Bank, 226 Airport Parkway, San Jose, CA 95110
    (b) Account Number   17-402-536
  (5). DIP Cananwill Trust Account    
    (a) Depository Name and Location   Imperial Bank, 226 Airport Parkway, San Jose, CA 95110
    (b) Account Number   17-402-528

I, Alex Corbett, Chief Financial Officer, declare under penalty of perjury, that the information contained in the above Debtor in Possession Interim Statement is true and complete to the best of my knowledge:

Dated: 1/22/2002
   Signed: /s/ ALEX CORBETT

PAGE 1

OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA

IN RE:
SN Insurance Services, Inc.
DEBTOR
CHAPTER 11 CASE NO. SV00-14100-GM

DEBTOR IN POSSESSION INTERIM STATEMENT
STATEMENT NO. 21
FOR THE PERIOD FROM: 1-Dec-01
TO: 31-Dec-01

CASH ACTIVITY ANALYSIS

   DIP Operating Account
   DIP WCMA/MLIF Account
   DIP WCMA UIC Fiduciary Account
   DIP WCMA CIC Fiduciary Account
   DIP WCMA ZCIC Fiduciary Account
 
   CLOSED 3/7/01

    
    
    
    
A. Total Receipts Per All Prior Interim Statements   $ 203,544.36   $ 91,485,546.12   $ 4,005,866.68   $ 1,696,300.73   $ 227,567.07
B. Less: Total Disbursements Per All Prior Interim Statements   $ 203,544.36   $ 90,659,099.34   $ 450.00   $ 450.00   $ 450.00
   
 
 
 
 
C. Beginning Balance   $ 0.00   $ 826,446.78   $ 4,005,416.68   $ 1,695,850.73   $ 227,117.07
   
 
 
 
 
D. Receipts During Current Period Per Attached Schedule   $ 0.00   $ 8,225.14   $ 7,240.51   $ 3,065.55   $ 410.56
   
 
 
 
 
E. Balance Available   $ 0.00   $ 834,671.92   $ 4,012,657.19   $ 1,698,916.28   $ 227,527.63
   
 
 
 
 
F. Less: Disbursements During Period Per Attached Schedule   $ 0.00   $ 445,200.99   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
G. Ending Balance   $ 0.00   $ 389,470.93   $ 4,012,657.19   $ 1,698,916.28   $ 227,527.63
   
 
 
 
 
H. ACCOUNT INFORMATION    
  (6). DIP Operating Account    
    (a) Depository Name and Location   Imperial Bank, 226 Airport Parkway, San Jose, CA 95110
    (b) Account Number   17-402-544
  (7). DIP WCMA/MLIF Account    
    (a) Depository Name and Location   Merrill Lynch, 10 West Second Street, #400, Dayton, OH 45402
    (b) Account Number   77M07W64
  (8). DIP WCMA UIC Fiduciary Account    
    (a) Depository Name and Location   Merrill Lynch, 10 West Second Street, #400, Dayton, OH 45402
    (b) Account Number   77M07W77
  (9). DIP WCMA CIC Fiduciary Account    
    (a) Depository Name and Location   Merrill Lynch, 10 West Second Street, #400, Dayton, OH 45402
    (b) Account Number   77M07W78
  (10). DIP WCMA ZCIC Fiduciary Account    
    (a) Depository Name and Location   Merrill Lynch, 10 West Second Street, #400, Dayton, OH 45402
    (b) Account Number   77M07W79

PAGE 2

OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA

IN RE:
SN Insurance Services, Inc.
DEBTOR
CHAPTER 11 CASE NO. SV00-14100-GM

DEBTOR IN POSSESSION INTERIM STATEMENT
STATEMENT NO. 21
FOR THE PERIOD FROM: 1-Dec-01
TO: 31-Dec-01

CASH ACTIVITY ANALYSIS

   DIP WCMA Creditors
Fiduciary Account
   (1) Pre-Petition Concentration Account
   (2) Pre-Petition Concentration Account
   Pre-Petition Payroll Account
 
    
   CLOSED 5/11/00
   CLOSED 6/12/00
   CLOSED 5/11/00
A. Total Receipts Per All Prior Interim Statements   $ 5,125,766.56   $ 0.00   $ 4,941,903.92   $ 116,548.20
B. Less: Total Disbursements Per All Prior Interim Statements   $ 2,512,832.52   $ 0.00   $ 4,941,903.92   $ 116,548.20
   
 
 
 
C. Beginning Balance   $ 2,612,934.04   $ 0.00   $ 0.00   $ 0.00
D. Receipts During Current Period Per Attached Schedule   $ 4,364.76   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
E. Balance Available   $ 2,617,298.80   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
F. Less: Disbursements During Period Per Attached Schedule   $ 300,020.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
G. Ending Balance   $ 2,317,278.80   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
H. ACCOUNT INFORMATION        
  (11). DIP WCMA Creditors Fiduciary Account        
    (a) Depository Name and Location   Merrill Lynch, 10 West Second Street, #400, Dayton, OH 45402
    (b) Account Number   77M07W80    
  (12). Pre-Petition Concentration Account (1)        
    (a) Depository Name and Location   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   14172-03510   CLOSED 5/11/00
  (13). Pre-Petition Concentration Account (2)        
    (a) Depository Name and Location   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   14175-03509   CLOSED 6/12/00
  (14). Pre-Petition Payroll Account        
    (a) Depository Name and Location   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   14175-04995   CLOSED 5/11/00

PAGE 3

OFFICE OF THE UNITED STATES TRUSTEE
CENTRAL DISTRICT OF CALIFORNIA

IN RE:
SN Insurance Services, Inc.
DEBTOR
CHAPTER 11 CASE NO. SV00-14100-GM

DEBTOR IN POSSESSION INTERIM STATEMENT
STATEMENT NO. 21
FOR THE PERIOD FROM: 1-Dec-01
TO: 31-Dec-01

CASH ACTIVITY ANALYSIS

   (3) Pre-Petition Concentration Account
   (4) Pre-Petition Concentration Account
   Pre-Petition Operating Account
   Pre-Petition Cananwill Trust Acct.
   Pre-Petition Fiduciary Account
   Pre-Petition Accounts Payable Acct
 
   CLOSED 5/26/00
   CLOSED 5/31/00
   CLOSED 6/1/00
   CLOSED 6/8/00
   CLOSED 6/30/00
   CLOSED 5/15/00
A. Total Receipts Per All Prior Interim Statements   $ 915,515.91   $ 6,717,253.96   $ 203,544.36   $ 766,173.14   $ 34,083,192.19   $ 0.00
B. Less: Total Disbursements Per All Prior Interim Statements   $ 915,515.91   $ 6,717,253.96   $ 203,544.36   $ 766,173.14   $ 34,083,192.19   $ 0.00
   
 
 
 
 
 
C. Beginning Balance   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
D. Receipts During Current Period Per Attached Schedule   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
E. Balance Available   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
F. Less: Disbursements During Period Per Attached Schedule   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
G. Ending Balance   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00   $ 0.00
   
 
 
 
 
 
H. ACCOUNT INFORMATION        
  (15). Pre-Petition Concentration Account (3)        
    (a) Depository Name and Location   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   73662-11040   CLOSED 5/26/00
  (16). Pre-Petition Concentration Account (4)        
    (a) Depository Name and Location   Chase Manhattan Bank, 4 Chase MetroTech Center, 18th Floor, Brooklyn, NY 11245
    (b) Account Number   323-892531   CLOSED 5/31/00
  (17). Pre-Petition Operating Account        
    (a) Depository Name and Location   Imperial Bank, 226 Airport Parkway, San Jose, CA 95110
    (b) Account Number   17-061-429   CLOSED 6/1/00
  (18). Pre-Petition Cananwill Trust Account        
    (a) Depository Name and Location   Imperial Bank, 226 Airport Parkway, San Jose, CA 95110
    (b) Account Number   17-400-738   CLOSED 6/8/00
  (19). Pre-Petition Fiduciary Account        
    (a) Depository Name and Location   Imperial Bank, 226 Airport Parkway, San Jose, CA 95110
    (b) Account Number   17-400-967   CLOSED 6/30/00
  (20). Pre-Petition Accounts Payable Account        
    (a) Depository Name and Location   Bank of America, 2049 Century Park East, 2nd Floor, Los Angeles, CA 90067
    (b) Account Number   77658-01168   CLOSED 5/15/00
I. Other Monies On Hand: None        

PAGE 4


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