Arista Investors Corp., through its subsidiary, Arista Insurance Company, was engaged in the sale and underwriting of statutory, super statutory and voluntary disability benefits insurance in the State of New York from October 11, 1979 to June 30, 1998. Since July 1, 1998, the Company 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. In addition to the sale and underwriting of the insurance business, prior to July 1, 1998, pursuant to agreements effective July 1, 1993, January 1, 1995 and March 1, 1996, Arista also acted as a third-party administrator for the statutory disability benefits books of business of The Guardian Life Insurance Company of America, the United States Life Insurance Company in the City of New York and Hartford Life and Accident Insurance Company, respectively.
ARISTA INVESTORS CORP. 
