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Press Release

Cease & Desist Order Issued To Vespers, Chancellor
Friday, November 18, 2005
MEDIA CONTACT: Beth Scott, 850-413-2515

Tallahassee - Florida Insurance Commissioner Kevin McCarty issued a Cease and Desist Order to VESPERS, LLC, f/k/a Viatical & Elderly Settlement Providers, LLC, f/k/a National Insurance Deposit Exchange, LLC and Ronald John Chancellor of Washington, D.C. ordering VESPERS and Chancellor to cease operating as a viatical settlement provider in Florida.
The Office of Insurance Regulation charged that VESPERS and Chancellor, as the sole managing member, have been transacting business without a Certificate of Authority, as required by Florida's Viatical Settlement Act.  Evidence shows VESPERS and Chancellor entered into numerous viatical settlement contracts with Florida residents and continue to solicit residents in the state.
In a viatical settlement transaction, which in Florida include "life settlements," investors enter into contracts to purchase an interest in the future death benefits of life insurance policies. Upon the death of the insured, investors receive a portion of the death benefit that could exceed their initial investment.
"All Florida businesses and consumers should determine whether the company they are doing business with is authorized to operate in Florida," McCarty said.  "Unauthorized entities are not only illegal but don't offer customers the assurance of benefiting from the consumer protections and solvency standards required of authorized companies."
Prior to any transaction, consumers should call the Department of Financial Services consumer helpline at 1-800-342-2762, or visit www.flldfs.com to be sure a viatical company is authorized to do business in Florida.