GENERAL

Arista Investors Corp. (the "Registrant") through its wholly-owned subsidiary, Arista Insurance Company ("Arista"), a New York corporation (Registrant and Arista are sometimes hereinafter individually or collectively referred to as the "Company"), was engaged in the sale and underwriting of statutory, super statutory and voluntary disability benefits insurance (collectively, the "Insurance") in the State of New York from October 11, 1979 to June 30, 1998. Since July 1, 1998, the Registrant has been engaged as a third party administrator and as a managing general agency with respect to a substantial portion of the business administered herein. See "- TPA...