Schedule 13D
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
CITIZENS,
INC.
(Name
of
Issuer)
Class A Common Stock, no par
value
(Title
of
Class of Securities)
174740 10
0
(CUSIP
Number)
August 9,
2005
(Date
of
Event which Requires Filing of this Statement)
GAMASE
Policyholders Trust
c/o
Gala
Management Services, Inc.
Scotia
Plaza, 9th
Floor
Federico
Boyd Avenue 18 and 51 Street
Panama
5
Republic
of Panama
Attention:
Tomas Herrera
with
a
copy to:
Eduardo
Vidal
Hughes
Hubbard & Reed LLP
One
Battery Park Plaza
New
York,
New York 10004
Telephone: (212)
837-6590
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
If
the
filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
*The
remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities,
and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The
information required on this cover page shall not be deemed to be “filed” for
the purposes of Section 18 of the Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of the Act but shall be subject to all
other provisions of the Act (however, see the Notes)
SCHEDULE
13D
CUSIP
No. 174740
10 0
|
|
Page 2
|
1
|
NAME
OF REPORTING PERSONS
Galindo,
Arias & Lopez
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
N/A
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
£
(b) T
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
OO
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO
ITEMS 2(d) OR 2(e) £
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Republic
of Panama
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
0
|
8
|
SHARED
VOTING POWER
0
|
9
|
SOLE
DISPOSITIVE POWER
0
|
10
|
SHARED
DISPOSITIVE POWER
17,426,592
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,426,592
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* £
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.5%
|
14
|
TYPE
OF REPORTING PERSON*
PN
|
SCHEDULE
13D
CUSIP
No. 174740
10 0
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Page 3
|
1
|
NAME
OF REPORTING PERSONS
Gala
Management Services, Inc.
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
N/A
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
£
(b) T
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
OO
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO
ITEMS 2(d) OR 2(e) £
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Republic
of Panama
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
0
|
8
|
SHARED
VOTING POWER
0
|
9
|
SOLE
DISPOSITIVE POWER
0
|
10
|
SHARED
DISPOSITIVE POWER
10,872,844
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,872,844
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* £
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.0%
|
14
|
TYPE
OF REPORTING PERSON*
CO
|
SCHEDULE
13D
CUSIP
No. 174740
10 0
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Page 4
|
1
|
NAME
OF REPORTING PERSONS
GAMASE
Insureds Trust
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
N/A
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
£
(b) T
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
OO
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO
ITEMS 2(d) OR 2(e) £
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Republic
of Panama
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
0
|
8
|
SHARED
VOTING POWER
0
|
9
|
SOLE
DISPOSITIVE POWER
0
|
10
|
SHARED
DISPOSITIVE POWER
10,309,097
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,309,097
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* £
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.5%
|
14
|
TYPE
OF REPORTING PERSON*
OO
|
SCHEDULE
13D
CUSIP
No. 174740
10 0
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|
Page 5
|
1
|
NAME
OF REPORTING PERSONS
GAMASE
Agents Trust
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
N/A
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
£
(b) T
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
OO
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO
ITEMS 2(d) OR 2(e) £
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Republic
of Panama
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
0
|
8
|
SHARED
VOTING POWER
0
|
9
|
SOLE
DISPOSITIVE POWER
0
|
10
|
SHARED
DISPOSITIVE POWER
563,747
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,747
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* £
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
|
14
|
TYPE
OF REPORTING PERSON*
OO
|
SCHEDULE
13D
CUSIP
No. 174740
10 0
|
|
Page 6
|
1
|
NAME
OF REPORTING PERSONS
Regal
Trust (BVI) Ltd.
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
N/A
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
£
(b) T
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
OO
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO
ITEMS 2(d) OR 2(e) £
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin Islands
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
0
|
8
|
SHARED
VOTING POWER
0
|
9
|
SOLE
DISPOSITIVE POWER
0
|
10
|
SHARED
DISPOSITIVE POWER
6,553,748
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,553,748
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* £
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.5%
|
14
|
TYPE
OF REPORTING PERSON*
CO
|
SCHEDULE
13D
CUSIP
No. 174740
10 0
|
|
Page 7
|
1
|
NAME
OF REPORTING PERSONS
CICA
Policyholders Trust
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
N/A
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
£
(b) T
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
OO
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO
ITEMS 2(d) OR 2(e) £
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin Islands
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
0
|
8
|
SHARED
VOTING POWER
0
|
9
|
SOLE
DISPOSITIVE POWER
0
|
10
|
SHARED
DISPOSITIVE POWER
5,834,804
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,834,804
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* £
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.6%
|
14
|
TYPE
OF REPORTING PERSON*
OO
|
SCHEDULE
13D
CUSIP
No. 174740
10 0
|
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Page 8
|
1
|
NAME
OF REPORTING PERSONS
CICA Associates
Trust
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
N/A
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
£
(b) T
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
OO
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT
TO
ITEMS 2(d) OR 2(e) £
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin Islands
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
0
|
8
|
SHARED
VOTING POWER
0
|
9
|
SOLE
DISPOSITIVE POWER
0
|
10
|
SHARED
DISPOSITIVE POWER
718,944
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
718,944
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* £
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
|
14
|
TYPE
OF REPORTING PERSON*
OO
|
SCHEDULE
13D
CUSIP
No. 174740
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Page
9
|
Item
1. Security
and Issuer
The
class
of equity security to which this statement relates is the Class A Common Stock,
no par value (the “Common
Stock”),
of
Citizens, Inc., a Colorado corporation (the “Company”).
The
address of the principal executive offices of the Company is 400 East Anderson
Lane, Austin, Texas 78752.
Item
2. Identity
and Background
This
statement is being jointly filed by each of the following persons pursuant
to
Rule 13d-1(k) promulgated by the United States Securities and Exchange
Commission (the “Commission”)
pursuant to Section 13 of the United States Securities Exchange Act of 1934,
as
amended (the “Exchange
Act”):
(1)
Galindo, Arias & Lopez, a partnership organized under the laws of the
Republic of Panama (“GA&L”),
(2)
Gala Management Services, Inc., a corporation organized under the laws of the
Republic of Panama (“Gala
Management”),
(3)
GAMASE Insureds Trust, a trust established under the laws of the Republic of
Panama (“GAMASE
Insureds Trust”),
(4)
GAMASE Agents Trust, a trust established under the laws of the Republic of
Panama (“GAMASE
Agents Trust”),
(5)
Regal Trust (BVI) Ltd., a corporation organized under the laws of the British
Virgin Islands (“Regal”),
(6)
CICA Policyholders Trust, a trust established under the laws of the British
Virgin Islands (“Regal
Policyholders Trust”),
and
(7) CICA Associates Trust, a trust established under the laws of the British
Virgin Islands (“Regal
Associates Trust”,
together with GA&L, Gala Management, GAMASE Insureds Trust, GAMASE Agents
Trust, Regal and Regal Policyholders Trust, collectively, the “Reporting
Persons”
and
each, a “Reporting
Person”).
The
principal business address of each Reporting Person is c/o Galindo, Arias &
Lopez, Scotia Plaza, 9th
Floor,
Federico Boyd Avenue 18 and 51 Street, Panama 5, Republic of Panama.
The
principal purpose of the GAMASE Insureds Trust and Regal Policyholders Trust
(collectively, the “Policyholders
Trusts”,
and
each, a “Policyholders
Trust”),
as
described in their respective governing instruments attached hereto as Exhibits
1 and 2, is to provide their respective settlors (all of whom must be
policyholders of Citizens Insurance Company of America, a Colorado insurance
corporation and a wholly-owned subsidiary of the Company (“CICA”),
and
none of whom may be U.S. citizens or residents) with a long-term investment
vehicle to accumulate the policy dividends payable on their policies with CICA.
GAMASE Insureds Trust currently holds 10,309,097 shares of the Common Stock,
which constitute approximately 27.5% of the total Common Stock issued and
outstanding. Regal Policyholders Trust currently holds 5,834,804 shares of
the
Common Stock, which constitute approximately 15.6% of the total Common Stock
issued and outstanding.
The
principal purpose of GAMASE Agents Trust and Regal Associates Trust
(collectively, the “Agents
Trusts”,
and
each, an “Agents
Trust”,
and
together with the Policyholders Trusts, collectively, the “Trusts”,
and
each, a “Trust”),
as
described in their respective governing instruments attached hereto as Exhibits
3 and 4, is to provide their respective settlors (all of whom must be
consultants of CICA or their associates and none of whom may be
SCHEDULE
13D
CUSIP
No. 174740
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Page
10
|
U.S.
citizens or residents) with a long-term investment vehicle to accumulate the
commissions payable to each such settlor by CICA and to hold those amounts
for
the retirement, death or disability of such settlor. GAMASE Agents Trust
currently holds 563,747 shares and Regal Associates Trust currently holds
718,944 shares of the Common Stock, which constitute approximately 1.5% and
1.9%, respectively, of the Common Stock issued and outstanding.
The
principal business of Gala Management is to serve as the trustee of GAMASE
Insureds Trust and GAMASE Agents Trust. The principal business of Regal is
to
serve as the trustee of Regal Policyholders Trust and Regal Associates Trust.
The
principal purpose of GA&L is to operate as a law firm. All the partners of
GA&L are natural persons and residents of the Republic of Panama. GA&L
is the 100% owner of each of Gala Management and Regal.
During
the past five years, none of the Reporting Persons and, to the knowledge of
the
Reporting Persons, none of the executive officers or directors of the Reporting
Persons, if applicable, has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors), or has been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and
as
a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
Item
3. Source
and Amount of Funds or Other Consideration.
The
sources of funds for the purchase of the Common Stock held by the Trusts
are:
(a) Dividends,
commissions and other distributions made from time to time by CICA for the
benefit of the settlors;
(b) In
the case of GAMASE Insureds Trust and Regal Policyholders Trust, additional
voluntary contributions of settlors (limited to US$25,000 annually and subject
to a US$500 minimum); and
(c)
Interest and dividends earned on the trust corpus.
Non-U.S.
policyholders of CICA have, from time to time, opted into a Policyholders Trust
by means of an adherence agreement, pursuant to which the adhering policyholder
assigned to such Policyholders Trust all dividends payable by CICA under a
policy purchased. Non-U.S. insurance consultants and their associates generating
business for CICA have, from time to time, opted into an Agents Trust by means
of an adherence agreement, pursuant to which the adhering consultant or
associate assigned to such Agents Trust certain commissions payable by CICA
in
connection with business generated.
Currently,
the Trusts collectively have over 74,000 of such individual beneficiaries with
average holdings per beneficiary of less than 0.1% of the Common Stock, and
no
individual beneficiary’s holdings materially exceed such average. No beneficiary
has power to direct a
SCHEDULE
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Page
11
|
purchase
or sale of the Common Stock held by a Trust so long as such beneficiary has
not
liquidated such beneficiary’s participation in such Trust. Each beneficiary
retains the sole right to vote the shares of Common Stock as to which it is
the
beneficiary (and, as of August 9, 2005, the trustees no longer accept
proxies). As such, no trustee obtains any information or takes any actions
with
respect to the voting by individual beneficiaries and does not disclose to
any
beneficiary the identity of other beneficiaries.
Item
4. Purpose
of the Transaction
The
instruments governing each of the Trusts are attached as Exhibits 1 through
4
hereto. The Common Stock represents the only asset (other than cash) permitted
to be held by the Trusts. The trustees purchased Common Stock pursuant to such
instruments.
On
August
9, 2005, the board of directors of Gala Management and the board of directors
of
Regal each adopted a resolution waiving all proxy rights granted by the
beneficiaries to the trustees with respect to Common Stock held in the
Trusts.
The
Reporting Persons have no present plans or proposals that relate to or that
would result in any of the actions specified in clauses (a) through (j) of
Item
4 of Schedule 13D of the Exchange Act, except that the trustees plan to continue
to purchase Common Stock from time to time pursuant to the trust instruments,
as
a result of which the Reporting Persons may be deemed beneficial owners of
additional such shares. Trustees deliver shares of the Common Stock to settlors
to the extent of any such settlors’ liquidation of their participation in the
Trusts, and no trustee has sold any shares of the Common Stock owned by any
Trust.
Item
5. Interest
in Securities of the Issuer
(a) The
Reporting Persons may be deemed to be a group as defined in Rule 13d-5(b) under
the Exchange Act and, as such a group, may be deemed to beneficially own an
aggregate of 17,426,592 shares of the Common Stock, which constitute
approximately 46.5% of the outstanding shares of the Common Stock, based on
37,479,019 shares of the Common Stock outstanding as of August 1, 2005,
according to the Company’s Quarterly Report on Form 10-Q for the quarter
ended June 30, 2005, filed with the Commission on August 10, 2005, on
which are based all of the percentages of outstanding shares of Common Stock
set
forth herein. The foregoing and all other amounts of beneficial ownership set
forth herein are calculated pursuant to Rule 13d-3 under the Exchange Act
(“Rule
13d-3”).
GAMASE
Insured Trust holds 10,309,097 shares of the Common Stock (constituting
approximately 27.5% of the outstanding Common Stock) and may be deemed to
beneficially own such shares pursuant to Rule 13d-3.
Regal
Policyholders Trust holds 5,834,804 shares of the Common Stock (constituting
approximately 15.6% of the outstanding Common Stock) and may be deemed to
beneficially own such shares pursuant to Rule 13d-3.
SCHEDULE
13D
CUSIP
No. 174740
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Page
12
|
GAMASE
Agents Trust holds 563,747 shares of the Common Stock (constituting
approximately 1.5% of the outstanding Common Stock) and may be deemed to
beneficially own such shares pursuant to Rule 13d-3.
Regal
Associates Trust holds 718,944 shares of the Common Stock (constituting
approximately 1.9% of the outstanding Common Stock) and may be deemed to
beneficially own such shares pursuant to Rule 13d-3.
Gala
Management is the sole trustee of GAMASE Insureds Trust and GAMASE Agents Trust,
and therefore may be deemed to beneficially own 10,872,844 shares of the Common
Stock (constituting approximately 29.0% of the outstanding Common Stock)
pursuant to Rule 13d-3.
Regal
is
the sole trustee of Regal Policyholders Trust and Regal Associates Trust, and
therefore may be deemed to beneficially own 6,553,748 shares of the Common
Stock
(constituting approximately 17.5% of the outstanding Common Stock) pursuant
to
Rule 13d-3.
GA&L
owns a 100% interest in each of Gala Management and Regal, and therefore may
be
deemed to beneficially own 17,426,592 shares (constituting approximately 46.5%
of the outstanding Common Stock) pursuant to Rule 13d-3.
(b) No
Reporting Person has either sole or shared power to direct the vote with respect
to any Common Stock.
(c) The
schedule of transactions in Common Stock by the Reporting Persons over the
past
60 days is attached as Exhibit 5 hereto.
(d) Each
of
the Reporting Persons affirms that, so long as the shares are held in a Trust,
no person other than the applicable trustee has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale
of,
the Common Shares held in such Trust.
(e) Not
applicable.
Item
6. Contracts,
Arrangements, Understandings or Relationships with Respect to Securities of
the
Issuer
Except
for the instruments governing the Trusts, as described in Item 4 hereof and
attached as Exhibits 1 through 4 hereto, there are no other contracts,
agreements, understandings or relationships between the Reporting Persons and
any other person with respect to the Common Stock.
Item
7. Material
to be filed as Exhibits
Exhibit
1. Trust
Agreement of GAMASE Insureds Trust dated as of July 1, 1990 between the
Administrative Committee of Settlors and Gala Management Services, Inc., as
Fiduciary.
SCHEDULE
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13
|
Exhibit
2. Declaration
of Trust dated as of October 1, 1997 by Regal Trust (BVI) Ltd., establishing
the
CICA Policyholders Trust.
Exhibit
3. Trust
Agreement of GAMASE Agents Trust dated as of October 2, 1996 between the
Administrative Committee of Settlors and Gala Management Services, Inc., as
Fiduciary.
Exhibit
4. Declaration
of Trust dated as of January 1, 1998 by Regal Trust (BVI) Ltd.,
establishing the CICA Associates Trust.
Exhibit
5. Schedule
of Transactions over the Preceding 60 Days.
Exhibit
6. Joint
Filing Agreement.
Exhibit
7. Powers
of
Attorney.
SIGNATURES
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
October
6, 2005
|
GALINDO,
ARIAS & LOPEZ
|
|
|
|
By:
|
/s/
Tomas Herrera |
|
Name: Tomas
Herrera
|
|
Title:
Partner
|
|
GALA
MANAGEMENT SERVICES, INC.
|
|
|
|
By:
|
/s/
Tomas Herrera |
|
Name: Tomas
Herrera
|
|
Title:
Attorney-in-fact
|
|
GAMASE
INSUREDS TRUST
|
|
|
|
By:
|
/s/
Tomas Herrera |
|
Name: Tomas
Herrera
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Title:
Attorney-in-fact
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REGAL
TRUST (BVI) LTD.
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By:
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/s/
Tomas Herrera |
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Name: Tomas
Herrera
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Title:
Attorney-in-fact
|
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CICA
POLICYHOLDERS TRUST
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By:
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/s/
Tomas Herrera |
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Name: Tomas
Herrera
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Title:
Attorney-in-fact
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GAMASE
AGENTS TRUST
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By:
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/s/
Tomas Herrera |
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Name: Tomas
Herrera
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Title:
Attorney-in-fact
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CICA
ASSOCIATES TRUST
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By:
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/s/
Tomas Herrera |
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Name: Tomas
Herrera
|
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Title:
Attorney-in-fact
|