Rumors are flying about a Troubled Asset Relief Program announcement.

Obama administration officials apparently plan to announce Tuesday that they will let 12 insurers participate in the TARP program.

A number of publicly traded life insurance holding companies have announced moves to acquire banks or thrifts in an effort to qualify for participation, and others that owned banks or thrifts before the current crisis began also may have applied for TARP help.

Some large mutual insurers have gone out of their way to express their lack of interest in the program.