This excerpt taken from the ANLY 8-K filed Apr 13, 2005.
Insurance. The Horizons Disclosure Schedule sets forth all of Horizons and its Subsidiaries insurance policies, including third party policies under which Horizons claims coverage. Horizons has furnished or made available to Analysts complete and correct copies of each such policy. Subject to expiration in accordance with the policy terms, neither Horizons nor any Subsidiary of Horizons
has received notices of any pending or threatened cancellation or otherwise with respect to any insurance policies in force naming Horizons, any of its Subsidiaries or employees thereof, as an insured or beneficiary or as a loss payable payee. There are no material pending claims against such insurance policies by Horizons or any Subsidiary of Horizons as to which insurers are defending under reservation of rights or have denied liability, and there exists no material claim under such insurance policies that has not been properly filed by Horizons or a Subsidiary. Horizons (or one of its Subsidiaries) now maintains, and has maintained during the immediately preceding three-year period, policies of insurance with respect to all material properties, assets, and business activities of Horizons and each of its Subsidiaries against such casualties, risks, and contingencies as are customarily insured against by entities owning similar properties or assets or engaged in similar business activities. Neither Horizons or any of its Subsidiaries is in default in any material respect with respect to any provision contained in an insurance policy.