8-K December 27, 2006
UNITED
STATES
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 27, 2006
UTG,
INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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0-16867
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20-2907892
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(State
or other jurisdiction of
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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incorporation
or organization)
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5250
South Sixth Street
Springfield,
Illinois 62703
(Address
of principal executive offices and zip code)
(217)
241-6300
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2):
o
Written
communications pursuant to Rule 425 under the Securities Act
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
Section
1 - Registrant’s Business and Operations
Item
1.01. Entry into a Material Definitive Agreement
On
December 21, 2006, two subsidiaries of UTG, Inc. (the Company), American Capitol
Insurance Company and Texas Imperial Life Insurance Company, entered into
material definitive agreements (the “Agreements”) with Reserve National
Insurance Company, a subsidiary of Unitrin, Inc., to coinsure their Medicare
Supplement business. The agreements provide for 100% coinsurance of all Medicare
Supplement products of the subsidiaries, with the option to convert the
Agreements to assumption reinsurance agreements on a state by state basis as
regulatory approvals are obtained. The total annual premium of the Medicare
Supplement business is approximately $4,400,000.
In
addition, the subsidiaries entered into administrative service agreements
(Service Agreements) with Reserve National Insurance Company for the
administration of the insurance business subject to the coinsurance agreement
(Agreement) discussed above. The initial term of the Service Agreements are
for
an initial period of one year and may be terminated any time after the initial
period by giving ninety days notice by either party.
The
effective date of each of the above agreements is December 31,
2006.
Section
9 - Financial Statements and Exhibits
Item
9.01. Financial Statements and Exhibits.
(c)
Exhibits.
Exhibit
2(a)
― Coinsurance Agreement between American Capitol Insurance Company and Reserve
National Insurance Company
Exhibit
2(b) ― Coinsurance Agreement between Texas Imperial Life Insurance Company and
Reserve National Insurance Company
Exhibit
2(c) ― Administrative
Services Agreement between American Capitol Insurance Company and Reserve
National Insurance Company
Exhibit
2(d) ― Administrative Services Agreement between Texas Imperial Life Insurance
Company and Reserve National Insurance Company
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.
UTG,
INC.
Date: December
13, 2006 By:
/s/
Theodore C. Miller
Theodore C. Miller
Senior Vice President and Chief Financial Officer