PROAIR Risk Retention Group, Inc.

On November 12, 2014, the Nevada Insurance Commissioner was appointed as Permanent Receiver of PROAIR Risk Retention Group, Inc. by the Eighth Judicial District Court of the State of Nevada. The receivership order enjoins the insurer, all of its officers, directors, stockholders, agents and employees from transacting any further business on behalf of the insurer or wasting or disposing of any assets or property of the insurer. In addition, all persons are hereby immediately restrained from the commencement or prosecution of any actions by or on behalf of the insurer or against the insurer. Further, all persons are restrained from obtaining any preferences, judgments, attachments, or other liens as to any property of the insurer, or making any levy against its assets or any part thereof.

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