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AMERICAN TRAVELLERS ANNOUNCES PRODUCT APPROVAL AND ACQUISITION

 AMERICAN TRAVELLERS ANNOUNCES PRODUCT APPROVAL AND ACQUISITION
 BENSALEM, Pa., Dec. 12 /PRNewswire/ -- American Travellers Corporation (NASDAQ: ATVC) announced today that its major insurance subsidiary, American Travellers Life Insurance Company, received approval from the State of California for its entire long-term care product line.
 American Travellers will conduct business in California under the name of ATL Life Insurance Company. California alone has more than 3.2 million senior citizens.
 The company has also announced that it has completed the acquisition of the book-of-business underwritten by Great Republic Insurance Company, Santa Barbara, Calif. This book-of-business has an annualized premium base of $5.8 million.
 "We are very pleased with the speed with which we have been able to obtain product approval in the State of California," stated company Chairman John A. Powell. "This approval, combined with the fact that the Great Republic acquisition gave us access to over 2,000 California agents, should provide the impetus necessary for a quick start in California in 1992."
 American Travellers Corporation, located in Bensalem, is engaged in the underwriting and sale of long-term care and supplemental accident and health policies and is licensed in 42 states plus the District of Columbia and the U.S. Virgin Islands.
 /delval/
 -0- 12/12/91
 /CONTACT: John A. Powell, chairman of American Travellers, 215-244-1600/
 (ATVC) CO: American Travellers Corporation; American Travellers Life Insurance
 Company ST: Pennsylvania IN: INS SU:


MK-CC -- PH031 -- 2107 12/12/91 16:25 EST
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Publication:PR Newswire
Date:Dec 12, 1991
Words:240
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