INSPIRE INSURANCE SOLUTIONS, INC.
________ SHARES OF COMMON STOCK
ISSUABLE UPON EXERCISE OF SUBSCRIPTION RIGHTS
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THE SUBSCRIPTION RIGHTS ARE EXERCISABLE UNTIL 5:00 P.M. EASTERN STANDARD TIME
ON _______ ___, 2001 UNLESS EXTENDED.
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To Our Clients:
We are sending this letter to you because we hold shares of INSpire
Insurance Solutions, Inc. common stock for you. INSpire Insurance Solutions has
commenced an offering of an aggregate of _________ shares of Common Stock, par
value $0.01 per share ("Common Stock"), of INSpire Insurance Solutions, at a
subscription price of $_____ per share of Common Stock (the "Subscription
Price"), pursuant to the exercise of non-transferable subscription rights
initially distributed on __________ ____, 2001 ("Subscription Rights"), to all
holders of record of shares of INSpire Insurance Solution's Common Stock, as of
the close of business on _________ ____, 2001. Each Subscription Right also
carries the right to oversubscribe at the Subscription Price for an unlimited
number of additional shares of Common Stock (to the extent available, subject to
proration). The Subscription Rights are described in the enclosed prospectus and
evidenced by a Subscription Certificate registered in your name or in the name
of your nominee.
Each beneficial owner of shares of Common Stock registered in your name
or the name of your nominee is entitled to _______ Subscription Rights for each
share of Common Stock owned by such beneficial owner. Shareholders will not
receive fractional Subscription Rights, but instead Subscription Rights will be
rounded up to the next largest full Subscription Right.
We are (or our nominee is) the holder of record of Common Stock held by
us for your account. We can exercise your subscription rights only if you
instruct us to do so.
We request instructions as to whether you wish to have us exercise the
subscription rights relating to the Common Stock we hold on your behalf, upon
the terms and conditions set forth in the Prospectus.
We have enclosed your copy of the following documents:
1. A Letter to Shareholders from the Company;
2. The Prospectus; and
3. The Beneficial Owner Election Form.
