Conn. DOI Approves Sale of Aetna Life to ING Groep, N.V.

November 7, 2000

Connecticut Insurance Commissioner Susan F. Cogswell signed an order approving the acquisition of Aetna Life Insurance Company of America and Aetna Life Insurance and Annuity Company by ING Groep, N.V.

The approved order says that for a period of three years ING America Insurance Holdings Inc. shall file semiannually with the Insurance Department, commencing six months from consummation of the transaction, a report under oath of their business operations in Connecticut, including, but not limited to, changes to the business of the Domestic Insurers; employment levels and payroll totals; changes in officers or directors of the domestic insurers; any changes in location of their operations in Connecticut; and charitable contributions.

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