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GE Unit Sells LTC Policy Administration Rights

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NU Online News Service, Feb. 26, 2004, 6:11 p.m. EST – Long Term Care Group Inc., El Segundo, Calif., has acquired a block of administration business from ERC Long Term Care Services.[@@]

ERC sold LTC Group the right to administer a block of 20,000 individual LTC policies written by 13 insurers. LTC Group will take over administration by June 30.