CREDIT CARD ISSUED TO AIIHC
OR ANY SUBSIDIARY OR ANY OTHER PERSON FOR WHICH AIIHC OR ANY SUBSIDIARY IS
RESPONSIBLE FOR CHARGES MADE THEREON, THE ISSUER OF SUCH CREDIT CARDS, THE
IDENTIFYING NUMBERS OR SYMBOLS THEREOF AND THE NAMES OF ALL PERSONS TO WHICH
SUCH CARDS HAVE BEEN ISSUED OR TO WHOM ACCESS TO SUCH CARDS HAS BEEN GIVEN AND
(C) THE NAMES AND TITLES OF ALL DIRECTORS AND OFFICERS OF AIIHC AND EACH OF THE
SUBSIDIARIES AND OF EACH TRUSTEE, FIDUCIARY OR PLAN ADMINISTRATORS OF EACH
EMPLOYEE BENEFIT PLAN OF AIIHC AND EACH SUBSIDIARY.
SECTION 2.21
OPERATIONS INSURANCE. SCHEDULE 2.21 CONTAINS A
TRUE AND COMPLETE LIST AND DESCRIPTION OF ALL LIABILITY, PROPERTY, WORKERS
COMPENSATION, DIRECTORS AND OFFICERS LIABILITY, AND OTHER SIMILAR INSURANCE
POLICIES OR AGREEMENTS THAT INSURE THE BUSINESS, OPERATIONS, OR AFFAIRS OF AIIHC
AND EACH OF THE SUBSIDIARIES OR AFFECT OR RELATE TO THE OWNERSHIP, USE, OR
OPERATIONS OF ANY OF THE ASSETS OR PROPERTIES OF AIIHC OR ANY OF THE
SUBSIDIARIES. EXCLUDING INSURANCE POLICIES THAT HAVE EXPIRED AND BEEN REPLACED
BY AIIHC OR A SUBSIDIARY IN THE ORDINARY COURSE OF BUSINESS, NO INSURANCE POLICY
HAS BEEN CANCELED WITHIN THE LAST YEAR EXCEPT AS DISCLOSED IN SCHEDULE 2.21,
AND, TO THE KNOWLEDGE OF SELLER, AIIHC AND EACH OF THE SUBSIDIARIES, NO THREAT
HAS BEEN MADE TO CANCEL ANY INSURANCE POLICY OF AIIHC OR ANY OF THE SUBSIDIARIES
DURING SUCH PERIOD. EXCEPT AS DISCLOSED IN SCHEDULE 2.21, ALL SUCH INSURANCE
WILL REMAIN IN FULL FORCE AND EFFECT WITH RESPECT TO PERIODS BEFORE AND THROUGH
THE CLOSING. NO EVENT HAS OCCURRED, INCLUDING, WITHOUT LIMITATION, THE FAILURE
BY AIIHC OR ANY OF THE SUBSIDIARIES TO GIVE ANY NOTICE OR INFORMATION OR AIIHC
OR ANY OF THE SUBSIDIARIES GIVING ANY INACCURATE OR ERRONEOUS NOTICE OR
INFORMATION, WHICH LIMITS OR IMPAIRS THE RIGHTS OF SUCH PARTY UNDER ANY SUCH
INSURANCE POLICIES.
SECTION 2.22
INVESTMENT PORTFOLIO AND OTHER ASSETS. AIIHC AND
EACH OF THE SUBSIDIARIES OWNS AN INVESTMENT PORTFOLIO ACQUIRED IN THE ORDINARY
COURSE OF BUSINESS, AND A TRUE AND COMPLETE LIST OF THE SECURITIES AND OTHER
INVESTMENTS IN SUCH INVESTMENT PORTFOLIO, AS OF MARCH 31, 2004 WITH RESPECT TO
MORTGAGE LOANS AND DEBT AND EQUITY SECURITIES AND OTHER INVESTMENTS, WITH TRUE
AND CORRECT INFORMATION INCLUDED THEREON AS TO THE COST OF EACH SUCH INVESTMENT
AND THE MARKET VALUE THEREOF AS OF SUCH DATE, IS LISTED IN SCHEDULE 2.22. EXCEPT
AS OTHERWISE SET FORTH IN SCHEDULE 2.22, (I) NONE OF THE INVESTMENTS INCLUDED IN
SUCH INVESTMENT PORTFOLIO IS IN DEFAULT IN THE PAYMENT OF PRINCIPAL OR INTEREST
OR DIVIDENDS OR IMPAIRED TO ANY EXTENT, (II) ALL INVESTMENTS INCLUDED IN SUCH
INVESTMENT PORTFOLIO COMPLY WITH ALL MATERIAL INSURANCE LAWS AND REGULATIONS OF
EACH OF THE STATES TO WHICH AIIHC AND EACH OF THE SUBSIDIARIES IS SUBJECT
RELATING THERETO, (III) SUCH INVESTMENTS CONSTITUTE ALL OF THE INVESTMENTS OR
HOLDINGS (INCLUDING LOANS TO AGENCIES) OF AIIHC AND EACH OF THE SUBSIDIARIES
OTHER THAN ANY DISCLOSED IN
18
SCHEDULE 2.22 AND (IV) AIIHC OR THE SUBSIDIARIES, AS