Exhibit D illustrates the number of Earthquake (EQ) policies held by CEA and non-CEA Companies. The percentage of policies written through the CEA decreases every year and amounts to 66% of Earthquake policies written in 2000. Whereas the non-CEA companies remained relatively the same since 1997 - increasing approximately 1.6%. Note that while the number of actual CEA policies has declined, the premium has increased as shown in Exhibit B.
Chart (PDF version)

| 1996 |
1,884,615* |
501,131 |
| 1997 |
1,103,938 |
436,908 |
| 1998 |
942,469 |
429,193 |
| 1999 |
920,358 |
442,836 |
| 2000 |
838,635 |
443,765 |
*Includes Earthquake policies issued by CEA member companies before being renewed through a CEA policy.