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IHC Affiliate Reports End To Tax Audit

By Staff Writer

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American Independence Corp. says the Internal Revenue Service has audited its 2003 and 2004 tax returns and found no problems.

The IRS made no changes to the reported tax for those periods, reports American Independence, New York.

American Independence, an insurance holding company that controls health insurers, has been an affiliate of Independence Holding Company, Stamford, Conn., since 2002.

IHC now owns about 49% of the stock of American Independence, according to IHC.

American Independence operations include Independence American Insurance Company; Independent Producers of America, a brokerage organization; and a general underwriter division that controls IndependenceCare, Marlton Risk Group and Risk Assessment Strategies.