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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
97196	American Independence Corp	AMIC	Accident & Health Insurance (6321)	111817252

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
701869	Independence Holding Co	96 Cummings Point Road Stamford CT 06902		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-03-03	14,156	$4.96	1,118,589	No	4	P	Direct
Common Stock	Acquisiton	2010-03-05	13,512	$5.22	1,132,101	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock (See Footnote 1)	196,053	Indirect	See Footnote 1
Common Stock (See Footnote 2)	2,926,810	Indirect	See Footnote 2

Footnotes

These shares are beneficially owned by Madison National Life Insurance Company, Inc. ("MNL"), which is an indirect wholly-owned subsidiary of the Reporting Person. The Reporting Person and MNL independently manage their respective portfolios.
These shares are beneficially owned by Madison Investors Corporation, which is an indirect wholly-owned subsidiary of the Reporting Person. The Reporting Person and Madison Investors Corporation independently manage their respective portfolios.