American Independence Corp. (NASDAQ: AMIC) today announced the
completion of an Internal Revenue Service income tax audit covering the
2003 and 2004 tax years.
As discussed in AMIC’s annual report on Form
10-K for the period ended December 31, 2007, the Internal Revenue
Service was conducting an audit of AMIC’s 2003
and 2004 consolidated income tax returns. AMIC is pleased to announce
that the Internal Revenue Service has successfully concluded its audit
of the consolidated income tax returns for such years and made no
changes to the reported tax for those periods.
About American Independence Corp.
AMIC, through Independence American Insurance Company and its other
subsidiaries, offers health insurance solutions to individuals and
employer groups. AMIC provides to the individual and self-employed
markets health insurance and related products, which are distributed
through its subsidiaries, Independent Producers of America, LLC and
healthinsurance.org, LLC. AMIC markets medical stop-loss, small group
major medical, and managed care insurance and reinsurance through
managing general underwriters, including IndependenceCare Holdings LLC,
Marlton Risk Group LLC and Risk Assessment Strategies, Inc.
American Independence Corp.
David T. Kettig, 212-355-4141
Ext. 3047
www.americanindependencecorp.com
