Independent Holding Company is joining with Fringe Benefit Group to offer a new group limited-benefit health insurance program.

The program will offer guaranteed issue insurance with no pre-existing condition limitations, according to IHC, Stamford, Conn.

Standard Security Life Insurance Company of New York, an IHC subsidiary, will insure the plans, and Fringe Benefit, Austin, Texas, will market and administer the plans.

The companies are hoping the program will generate $25 million in annual premium revenue, IHC says.