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Year Total Capital and Surplus
1977 $2,587,916
1978 2,956,429
1979 5,611,805
1980 7,814,415
1981 10,788,729
1982 23,013,556
1983 29,504,345
1984 38,905,712
1985 47,607,864
1986 60,006,224
1987 85,853,294
1988 102,949,055
Hereinafter, we use the term "Parthenon" to refer to the HCA
subsidiary providing insurance and reinsurance for petitioners.
During the years in issue, Parthenon did not declare any
formal dividends to HCA, other than the $2,250,000 dividend paid
to HCA during 1985.
Premium Setting
During the years at issue, Parthenon set the premiums
charged by Parthenon for insurance coverage of petitioners from
information provided by Parthenon's actuary. Up to and including
a portion of policy year 1986, actuarial services regarding
premium rates were provided by Wyatt, principally through Eldon
Klaassen (Mr. Klaassen), a consulting actuary. For a portion of
policy year 1986 and thereafter, actuarial services were provided
by Terry J. Biscoglia (Mr. Biscoglia), first as a consulting
actuary with Coopers & Lybrand, an international public
accounting and consulting firm, and then in the same capacity
with Wakely & Associates, a national firm of consulting
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