Re: Program enhancements effective March 1, 2011

We are very pleased to advise you that 2012 will be 30 years that Armstrong-McCready Inc. and the Canadian Athlete Insurance Program (CAIP) has been serving the Canadian Sport Community. First and foremost, we would like to take this opportunity to extend a thank you to all the CAIP members who have supported and benefited from this program over the years. CAIP has certainly evolved over the years to become the premier provider of specialized medical insurance to Canadian Athletes at all levels and in all sports.

We are very proud of the fact that we have been able to continue and even expand on the “Overuse” benefit. Overuse coverage has been unique to CAIP since the beginning and has always been the most popular and sought after benefit amongst Canada’s athletes. Additionally, we have been able to maintain our original commitment to provide the same level of insurance coverage and at the same rates to all Canadian athletes regardless of their sporting activity.

Please be advised that effective March 1^st, 2011, the following enhancements to the CAIP program have taken effect. We confirm that the premium rates remain unchanged.

In Canada Insurance

Physiotherapy, Athletic Therapy and Massage Therapy

The per treatment limit has increased from $45 to $50. The maximum reimbursement has increased as follows:

Level Annual maximum Number of treatments

Bronze $500 10

Silver $1,000 20

Gold $1,500 30

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Chiropractor – Overuse

The per treatment limit has increased from $35 to $40. The maximum reimbursement has increased as follows:

Level Annual Maximum Number of Treatments

Bronze $280 7

Silver $600 15

Gold $800 20

Orthotic Inserts – Overuse

The Overuse Reimbursement Expense for Orthotic Inserts have increased as follows:

Level Annual Maximum

Bronze $150

Silver $300

Gold $500

Paramedical Services

The per treatment limit has increased from $35 to $40. The maximum reimbursement has increased as follows:

Level Annual Maximum Number of Treatments

Bronze $280 7

Silver $600 15

Gold $800 20

In March 1, 2009 we introduced four new benefits that are listed below, in the “In Canada” policy at the silver and gold levels only. We are very pleased to announce that these four benefits now form part of the “In Canada” policy at the Bronze Level as shown:

Benefits Bronze Level

Family Transportation and Accommodation - $2,500

Evacuation - $2,500

Repatriation - $2,500

X-Rays and Lab Exams - $300

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Out of Canada Policy

We are very pleased to advise that the Medical Reimbursement Expense Benefit amount in the Out of Canada policy has increased from $250,000 to $500,000. For those Sports that have the Annual Out of Canada policy option, we will be sending you endorsements to your policies reflecting this change.

The new wordings will be posted on our web site very shortly.

As many of you are aware, CAIP is available to all Canadian Athletes, Coaches, Managers and Officials who are members of a sport governing body. A sport governing body can be a National Sport Organization, Provincial Sport Organization, Canadian Sport Center, Sport Teams, Leagues or Clubs. Anyone of these sport bodies can contact us directly to arrange CAIP insurance for their members.

CAIP has certainly evolved and expanded over the years. To summarize, we show below some of the highlights of CAIP:

“Overuse” coverage
Choice of plans – Bronze, silver and Gold
CAIP is available to all Canadian Athletes
Insurance is automatic
No application forms to complete
No exclusions for pre-existing medical conditions
A registered Physiotherapist or certified Athletic Therapist (CATA) can complete and sign the Physician statement of the claim form for treatment for Physiotherapy, Athletic Therapy and/or Massage Therapy.
Close to 30 years experience in providing insurance protection to Canadian Athletes at all levels and in all Sports.

We hope you find these coverage enhancements helpful. Please do not hesitate to contact me should you have any questions.

Sincerely,

Michael Kirsch