A Court authorized this notice because you have a right to know about a proposed settlement of this class action, including the right to claim money, and about all of your options, before the Court decides whether to give "final approval" to the settlement. If the Court approves the settlement, and after any appeals are resolved, payments will be made to everyone who submitted a valid claim. This notice explains the lawsuit, the settlement, your legal rights, what benefits are available, who may be eligible for them, and how to get them.

Judge John D. Allen in the Superior Court of Muscogee County, Georgia is overseeing this class action. The case is known as Desportes v. American General Assurance Company, Case No. SU-04-CV-3637. The people who sued are called the "Plaintiffs" and the insurance companies they sued are called the "Defendants."

The settlement includes these insurers: American General Assurance Company, Old Line Life Insurance Company, Sooner Life Insurance Company, USLIFE of Arizona, AG Bancassurance, AG Bancassurance Agency Services, American General Indemnity, United States Life Insurance Company, American Centennial Reinsurance Co., Wesco Insurance Reinsurance Co., American Centennial AGBA, Wesco AGBA, Balboa AGBA, General Fidelity Reinsurance AGAC, First Alliance Insurance Company, AI Life, AI Life of NY, AIG Life, AI Life Assurance Company of NY, USLIFE Credit Life Insurance Company, All American Life Insurance Company, and/or any and all of their respective parents (including American International Group, Inc. and American General Corporation), predecessors, affiliates and subsidiaries, excluding North Central Life Insurance Company.

The lawsuit claims that the Defendants broke their contracts when they did not refund unearned premiums to customers who bought credit life, credit disability, GAP, and involuntary unemployment insurance when their loan was paid off early. The lawsuit also alleges that Defendants got money from these unearned premiums that rightfully belonged to their customers, failed to properly administer their credit insurance by not refunding unearned premiums, and provided inadequate insurance coverage. The Defendants have denied all of these claims, and maintain that they did not act wrongfully or unlawfully.

An unearned premium is the portion of your premium that was not used up during the term of your loan, because your loan was paid off early.

This type of insurance is sold to people who take out a loan, for example to pay for an automobile, motorcycle, boat, furniture, etc.

In a class action, one or more people called "Class Representatives" (including Richard Desportes in this case) sue on behalf of people who have similar claims. All these people are a "Class" or "Class members." One court resolves the issues for all Class members, except for those who exclude themselves from the Class.

The Court did not decide in favor of the Plaintiffs or Defendants. Instead, both sides agreed to settle. That way, they avoid the cost and risks of a trial and the people affected will get compensation. The Class Representatives and their attorneys think the settlement is best for all Class members. The settlement does not mean that the Defendants did anything wrong.

If you bought a car, boat, or RV and financed it or bought other things like furniture, you may have bought credit insurance. If for any reason your loan was paid off early, for example, if your car was wrecked, refinanced, or you traded it in, you may be eligible for a repayment of any unearned premium. The settlement includes anyone who, at any time on or before November 17, 2006, bought a policy from one of the insurers listed under Which insurance companies are part of the settlement?, paid full premiums at the start of the loan, and did not receive a refund of unearned premiums when their loan was paid off early while the policy was still in force.

You are not included in the settlement if you received any benefits from your policy, were refunded any pre-paid premiums, already settled your claims with the Defendants and signed a release, your loan was in default, or your debt was discharged in bankruptcy.

If you are not sure whether you are included in the Class, you may contact class counsel with questions.

The settlement will provide a full refund of any unearned premiums that you paid plus an additional 15%. The Defendants will also donate at least $750,000 to one or more non-profit or tax-exempt organizations selected by the parties and the Court. Additionally, any checks distributed to Class members that are not cashed within 180 days after being mailed will also be donated. The Defendants will also change their business practices regarding unearned premium refunds and will enhance and simplify the ability of customers to obtain refunds under credit life, credit disability, GAP, and involuntary unemployment insurance. A Settlement Agreement, available at www.creditpremiumcase.com describes all of the details about the proposed settlement.

Payments will be based on the amount of credit insurance premiums you paid. For some people the refund checks could be more than $100.

To ask for a payment, you must complete and submit a claim form. You can get a claim form at www.creditpremiumcase.com. Please read the instructions carefully, fill out the claim form and mail it, postmarked by May 24, 2007, to:

Credit Premium Claims
PO Box 1647
Minneapolis MN, 55440-1647

The payments will be mailed to Class members who send in valid claim forms, after the Court grants "final approval" of the settlement, and any appeals are resolved. If Judge Allen approves the settlement after an upcoming hearing (see When and where will the Court decide whether to approve the settlement?) there may be appeals. If there are any appeals, resolving them can take time. Please be patient.

If the settlement becomes final, you will be releasing the Defendants who settled for all the claims identified in Section VII of the Settlement Agreement. These are called "Released Transactions". The Settlement Agreement is available by clicking the link. The Settlement Agreement describes the Released Transactions with specific descriptions, in necessarily accurate legal terminology, so read it carefully. Talk to Class Counsel (see The Lawyers Representing You) or your own lawyer if you have questions about the Released Transactions or what they mean.

To exclude yourself from the settlement, you must send a letter by mail saying that you want to be excluded from Desportes v. American General Assurance Company. Be sure to include the case number (No. SU-04-CV-3637), your full name, address, telephone number, the specific policy or policies you want to exclude, and your signature. You must mail your request for exclusion so that it is received by March 30, 2007 to:

Credit Premium Claims
PO Box 1647
Minneapolis, MN 55440-1647

You can't exclude yourself on the phone, by email, or at the website.

No. Unless you exclude yourself, you give up any right to sue the Defendants for the claims that this settlement resolves. You must exclude yourself from this Class to start your own lawsuit. Remember, any exclusion requests must be received by March 30, 2007.

No. If you exclude yourself, do not submit a claim form to ask for a payment.

The Court appointed Charles A. Gower, P.C. of Columbus, GA and Philips Branch, of Columbus, GA to represent you and other Class members as "Class Counsel". You do not have to pay Class Counsel. If you want to be represented by your own lawyer, and have that lawyer appear in court for you in this case, you may hire one at your own expense.

Class Counsel will ask the Court for $5,000,000 to cover attorneys' fees and reimbursement of their expenses, including payments of up to $7,500 to be awarded to each of the Class Representatives. The Defendants have agreed not to oppose these fees, expenses, and awards up to the amounts above. The Court may award less than these amount. The Defendants will separately pay the fees, expenses, and awards that the Court orders. These payments will not reduce the amount distributed to Class members. The Defendants will also separately pay the costs to administer the settlement.

You can object to the settlement if you don't like some part of it. The Court will consider your views. To do so, you must send in a written objection in the case, Desportes v. American General Assurance Company (No. SU-04-CV-3637). Be sure to include your full name, address, telephone number, and your signature. You must also include the specific reasons why you object to the settlement, any legal support or evidence to support your objection, and whether you or your attorney will be attending the hearing (see May I speak at the hearing?). You must mail your objection so that it is received by March 30, 2007, to the four addresses listed below:

Court	Class Counsel	Defense Counsel
Clerk of Court Superior Court of Muscogee County Government Center PO Box 1340 Columbus, GA 31902	Charles A. Gower Charles A. Gower, P.C. 1425 Wynnton Rd. PO Box 5509 Columbus, GA 31906 Ben B. Philips Philips Branch PO Box 2808 Columbus, GA 3190	Michael D. Mulvaney Maynard, Cooper & Gale, P.C. 1901 Sixth Avenue North 2400 AmSouth/Harbert Plaza Birmingham, AL 35203

Objecting is telling the Court that you oppose approval of the settlement. You can object only if you stay in the Class. Excluding yourself is telling the Court that you don't want to be part of the Class. If you exclude yourself, you have no basis to object because the case no longer affects you.

The Court has scheduled a Fairness Hearing at 9:00 a.m., on Tuesday, April 24, 2007, at the Courthouse for the Superior Court of Muscogee County, Government Center, 100 10th St., 7^th Floor, Columbus, Georgia. At this hearing, the Court will consider whether the settlement is fair, reasonable, and adequate. If there are objections, the Court will consider them. Judge Allen will listen to people who have asked to speak about an objection according to How do I tell the Court if I don't like the settlement? above. The Court may also decide how much to award Class Counsel as fees for representing the Class. At or after the hearing, the Court will decide whether to approve the settlement. We do not know how long this decision will take. The hearing may be moved to a different date without additional notice, so it is a good idea to check www.creditpremiumcase.com for updated information.

No. Class Counsel will answer questions that Judge Allen may have. But, you are welcome to come at your own expense. If you send an objection, you don't have to come to Court to talk about it. As long as you filed and mailed your written objection on time, the Court will consider it. You may also pay your own lawyer to attend, but it's not necessary.

If you submitted an objection to the settlement (see How do I tell the Court if I don't like the settlement?), you may ask the Court for permission to speak at the Fairness Hearing. To do so, you must send a letter saying that it is your "Notice of Intention to Appear in Desportes v. American General Assurance Company". Your Notice of Intention to Appear must be received no later than March 30, 2007, and must be sent to the addresses listed in How do I tell the Court if I don't like the settlement?, along with the following information:

• Name of the case (Desportes v. American General Assurance Company (No. SU-04-CV-3637);
• Your full name, address, telephone number, and signature;
• Detailed statement of the specific legal and factual basis for each objection;
• List of any witnesses you intend to call at the Fairness Hearing, and a description of the testimony to be offered; and
• List of exhibits and copies of all exhibits you intend to introduce at the Fairness Hearing.

If you do nothing, you'll get no payment from this settlement. Also, unless you exclude yourself, you won't be able to sue the Defendants for the claims resolved in this case, ever again.

This notice summarizes the proposed settlement. More details are in the Settlement Agreement, which is available at www.creditpremiumcase.com. If you have questions, visit the website, call toll free, or write to:

Credit Premium Settlement,
PO Box 1647,
Minneapolis, MN 55440-1647