<PAGE>

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                       OFFICE OF THE UNITED STATES TRUSTEE
                                                                          PAGE 1
                         CENTRAL DISTRICT OF CALIFORNIA
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IN RE:                               )    DEBTOR IN POSSESSION INTERIM STATEMENT
                                     )
 SN Insurance Administrators, Inc.   )                  STATEMENT NO.  14
                                     )           FOR THE PERIOD FROM:   5/1/2001
                               DEBTOR)                            TO:  5/31/2001
-------------------------------------
CHAPTER 11 CASE NO. SV00-14102-GM    )
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<TABLE>
<CAPTION>
                                                      -------------------------------------------------------------------------
                                                      DIP Payroll       DIP Operating     DIP WCMA/MLIF      Dip Operating
                                                        Account            Account           Account            Account
                                                      -------------------------------------------------------------------------
                                                                         CLOSED 2/01
<S>                                                    <C>              <C>               <C>                 <C>
CASH ACTIVITY ANALYSIS

A.  Total Receipts Per All Prior Interim Statements    $12,538,957.42   $201,886.69       $734,892.11         $86,003.59

B.  Less: Total Disbursements Per All Prior            $12,530,191.47   $201,886.69       $187,652.92         $53,860.94
          Interim Statements
                                                      -------------------------------------------------------------------------
C.  Beginning Balance                                  $     8,765.95   $      0.00       $547,239.19         $32,142.65
                                                      -------------------------------------------------------------------------
D.  Receipts During Current Period

    Per Attached Schedule                              $    36,916.74   $      0.00       $  2,178.13         $     0.00

                                                      -------------------------------------------------------------------------
E.  Balance Available                                  $    45,682.69   $      0.00       $549,417.32         $32,142.65

                                                      -------------------------------------------------------------------------
F.  Less: Disbursements During Period

        Per Attached Schedule                          $    37,545.96   $      0.00       $ 36,936.74         $11,451.43

                                                      -------------------------------------------------------------------------
G.  Ending Balance                                     $     8,136.73   $      0.00       $512,480.58         $20,691.22

                                                      -------------------------------------------------------------------------

<CAPTION>
                                                      -----------------------------------------------------------------------------
                                                        Pre-Petition      Pre-Petition        Pre-Petition       Pre-Petition
                                                       Payroll Account  Operating Account  Concentration Acct  Account Payable Acct
                                                      -----------------------------------------------------------------------------
                                                       CLOSED 5/12/00    CLOSED 6/1/00       CLOSED 5/10/00       CLOSED 5/15/00
<S>                                                    <C>               <C>                 <C>               <C>
CASH ACTIVITY ANALYSIS

A.  Total Receipts Per All Prior Interim Statements   $89,716.19         $55.00              $0.00             $0.00

B.  Less: Total Disbursements Per All Prior           $89,716.19         $55.00              $0.00             $0.00
          Interim Statements
                                                      -------------------------------------------------------------------
C.  Beginning Balance                                 $     0.00         $ 0.00             $0.00              $0.00

                                                      -------------------------------------------------------------------
D.  Receipts During Current Period

    Per Attached Schedule                             $     0.00         $ 0.00             $0.00              $0.00

                                                      -------------------------------------------------------------------
E.  Balance Available                                 $     0.00         $ 0.00             $0.00              $0.00

                                                      -------------------------------------------------------------------
F.  Less: Disbursements During Period

        Per Attached Schedule                         $     0.00         $ 0.00             $0.00              $0.00

                                                      -------------------------------------------------------------------
G.  Ending Balance                                    $     0.00         $ 0.00             $0.00              $0.00

                                                      -------------------------------------------------------------------
</TABLE>

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 Opearting 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 Concentratoin 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: 6/25/01                            Signed: /s/ Alex Corbett
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