Dear Friends of IEI:

Dreams Become Reality
The year 2003 will mark the 15th Anniversary of The Insurance Education Institute. What started as a dream of IEI founders Jim Osborne and Hap Walters has turned into the nation’s leading source of insurance education. The Foundation has now educated over 2,100 teachers representing all fifty states, Puerto Rico, Bermuda, and the District of Columbia on the basic principles of insurance. With your continued support, IEI has become the banner carrier for the insurance industry, improving the knowledge and understanding of insurance for the next generation of insurance consumers.

NAII / IEIGolf Tournament Winners
The inaugural NAII/IEI Golf Tournament was held on October 26th at the challenging Malibu Country Club in Malibu, California. The 18-hole, scramble event was won by a team of David Fox, Blake Stock, and Edmund Dabrowski pictured here with special guest, Mark Taborn.

Thank You to Golfers and Sponsors
For the first time in Foundation history, a fundraising golf tournament was held in connection with both the NAMIC and the NAII annual meetings. Both events were successful thanks to the participants and the following sponsors.

Sponsors:
American Agricultural Insurance Co.*
American Re*
Aon Re, Inc.*
Benfield Blanch*
ChoicePoint
Employers Reinsurance Corp.
Ernst & Young LLP
Farmers Mutual Hail Insurance Company of Iowa*
Farm Mutual Reinsurance Plan, Inc.
GeneralCologne Re*
GE Reinsurance Corp.
Guy Carpenter & Co.*
Guy Carpenter
Hartford Re*
Hartford Steam Boiler Inspection & Insurance Co.*
Holborn Corp.*
John B. Collins Associates*
John P. Woods Co.*
NAII
NAMIC
NAMIC Merit Society
NAMICO
National Independent Statistical Service
New York Insurance Association
MSO, Inc.
PMA Re Management Company*
RLI
Scottsdale Insurance Company
Sirius International
Towers Perrin Reinsurance*
VESTA Insurance Company
W. J. Lehrke

Hold the Date
The date has been set for the 2003 John C. Etling Memorial Shoot. The sporting clay event will be held at The Gilchrist Club in St. Petersburg, Florida, on February 17-19, 2003. The monies raised from this special event will go to the John C. Etling Award fund at IEI. This award is presented to the teacher at each of the IEI institutes who demonstrates the highest degree of excellence. The award is given as a memorial tribute to John C. Etling to honor his commitment to insurance education. The shoot is sponsored by John’s company GeneralCologne Re.

Welcome New IEI Board Members
The IEI had five new Board Members elected in 2002.

Virgil Applequist Executive Vice President & General Manager American Agricultural Insurance Co.	John C. Millen Vice President Nationwide
Arlan Friesen Vice President Lincoln National Corp.	Tom E. Gross Senior Vice President GeneralCologne Re
Jack Snyder Senior Vice President & ChIEI Marketing Officer American Re-Insurance Co.

New Contributor
IEI welcomes the following new contributor since our last publication in October. We are pleased to recognize the support of:
Employers Reinsurance Corporation

On behalf of the entire staff at IEI, we wish you and yours a very Happy Holiday Season and a Prosperous New Year!

Sincerely,

Jack Clanton
CEO