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| DP Insurance Agency/Formosa Insurance
Service Inc. were established in April 1984, with Mr. David Pan as President and
Ms. Ivy Lau as Vice President. Ms. Lau started her career in the insurance
field in 1987 while Mr. Pan has been in the insurance field since 1980. Both are
holders of Agent and Broker licenses for Life, Property & Casualty in the State of
California. Since its beginning DP/Formosa has been directly appointed by major
property insurance companies in the industry such as Kemper Ins. Co., Zurich Ins.,
Travelers, and Yasuda Ins. |
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| The Agency's annual gross premium written
volume reached 12,000,000 for the 1999 fiscal year, an increase of 11% from 1998. |
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| Currently DP/Formosa carries Errors &
Omissions policy with American Reliable Insurance Company with a limit of 1,000,000 |
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