TED O. HALL, JD, CPA Mr. Hall is an expert in insurance finance, accounting, and taxation issues. Since 1991, he has practiced as an independent financial and tax consultant to insurance companies and insurance related entities. His prior experience includes eleven years with the international accounting firm of Ernst & Young, where he was the Engagement Partner on various insurance company accounts and was a member of the firm's National Insurance Industry Specialization Group. EDUCATION San Jose State University San Jose, CA Major: Business Administration Bachelor of Science, 1965 San Jose State University San Jose, CA Majors: Management and Finance Master of Business Administration (MBA), 1969 Golden Gate University San Francisco, CA Majors: Accounting and Tax Golden Gate University San Francisco, CA Major: Law Doctor of Jurisprudence, 1979 REPRESENTATIVE PROFESSIONAL ENGAGEMENTS The following are representative professional engagements that Mr. Hall has been involved with as an independent consultant and Certified Public Accountant: Fireman's Fund Insurance Company. Retained as an expert witness to testify on the application of recoveries from other carriers for defense costs incurred by an insured in national asbestos bodily injury cases. Involved with the development of a financial model to defend Fireman's Fund from punative damages claimed in the same case. Hawaii Medical Service Association, Blue Cross/Blue Shield of Hawaii. Engaged by the management of this company in establishing a workers compensation subsidiary. This project included review of various workers compensation policy and claims management systems and consultation as to financial and tax issues relevant to the formation of the subsidiary. Centaur Insurance Company. Retained as a consultant by legal counsel to review the financial reporting between Centaur and Mission Insurance Company as it regarded certain reinsurance agreements between the companies. Centaur was a captive insurance company to insure ambulance companies for injury and property damage to third parties resulting from the operation of ambulances. AzStar Casualty Company. Engaged by legal counsel to independently review the financial performance and solvency of the carrier prior to its being placed into receivership. American Western Life Insurance Company. Tax research and compliance services to this accident and health insurance company. Involved with tax issues concerning the proposed sale of the company. The Hawaiian Insurance & Guaranty Company. Engaged by the company's management to provide an independent evaluation of the company's internal financial projections in connection with the proposed sale of the company. Civil Service Employees Insurance Company. Engaged by the French parent company to consult regarding financial structures that may be employed in the proposed sale of the company. MedAmerica Mutual Risk Retention Group. Engaged by the company for the initial organization of the company, the subsequent formation of a Purchasing Group as a sales front for the RRG, and various reorganizational studies to increase income and surplus. Summit Fidelity and Surety Company. Engaged as a financial and tax advisor to the company's parent company, Hampton Court Holdings, Inc., in the financial structuring of the sale of the company. Norcal Mutual Insurance Company. Engaged as financial and tax advisor to Norcal in its purchase of the El Camino Insurance Exchange, a reciprocal insurance exchange. The structure of the acquisition was designed to comply with special financial and accounting issues of concern to reciprocal exchanges. Pacific Guardian Life Insurance Company. Engaged as an advisor to the company in its acquisition of Hawaiian Life Insurance Company from the American General group. Lecture and Teaching Engagements Lecturer in various national and international professional education programs, including: Nevada Society of Certified Public Accountants, January 2001. California State University, Sacramento--School of Business Administration, Visiting Lecturer, 1996. Crittenden Seminars, 1996. Chartered Property Casualty Underwirters Society, 1991 and 1996. The Hartford Institute on Insurance Taxation, 1986-88. Insurance Accounting and Systems Association, 1981-91. Risk and Insurance Management Society, 1991. Various Ernst & Young sponsored seminars. Professional Writings Writings include various text and journal articles, including: "Basic Primer on Reciprocal Insurance Exchanges", www.captiveguru.com, August 2002. The Captive Insurance Manual, (Co-author), Chatsworth, CA: CCH Insurance Services, NILS Publishing Co., 2000. Rupp's, Insurance and Risk Management Glossary, 2nd Ed., (Subject Reviewer), Chatsworth, CA: NILS Publishing Co., 1996. Practical Risk Management, (Contributor, Topic B-5, Taxes), Lake Forest, CA: ArmTech, 2000. The Alternative Market, (Co-author), Dallas, TX: International Risk Management Institute, 1994. "Small Captives: Tax Factors," Captive Insurance Company Reports, Stamford, CT: Tillinghast, May, 1993. "Financial Issues for the Insurance Executive," Hot Topics, San Francisco, CA: Hall & Associates, Nov., 1993. Taxation of Property and Casualty Insurance Companies, New London, CT: Center for Tax Education and Research, 1988. Taxation of Life Insurance Companies and Their Products, San Francisco, CA: Arthur Young and Company, 1984; Editor. Insurance Tax Update, San Francisco, CA: Arthur Young and Company, 1983-86. Professional Associations American Institute of Certified Public Accountants California Society of Certified Public Accountants Nevada Society of Certified Public Accountants Chairman, Litigation Consulting Interest Group Member, Nevada Society of CPAs, 8/31/03 - 7/31/05 Risk & Insurance Management Society, Inc. -- "Friends of RIMS" Member