Exhibit 99.3
March 29, 2005
PricewaterhouseCoopers LLP
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Sirs:
The undersigned duly authorized representative of A.I. Credit Corp, AICCO, Inc.
("AICCO I"), AICCO, Inc. ("AICCO II), Imperial Premium Finance, and Imperial
Premium Funding Inc. (collectively, the "Servicers") as Servicers pursuant to
the Series 2004-1 AICCO Premium Finance Master Trust, (the "Trust"), Sale and
Servicing Agreement dated November 8, 1999 (the "Sales and Servicing Agreement")
by and among the Servicers and XX Xxxxxx Xxxxx, as indenture trustee (the
"Trustee"), do hereby certify that the Servicers have complied in all material
respects with the following sections of Article 5 of the Trust's Base Indenture
(as supplemented by the 2004-1 Series Supplement), and Article III and IV of the
Trust's Sales and Servicing Agreement as noted below, subclause (c) of Section
2.01 of the Trust's Sales and Servicing Agreement and subclause (ii)(A) of
subsection 2.06(d) of the Trust's Sales and Servicing Agreement (copies of these
sections are attached).:
Article II (Sales and Servicing Agreement)
------------------------------------------
|X| Section 2.01 (c)
|X| Section 2.06(d)(ii)(A)
Article II (Base Indenture)
---------------------------
|X| Section 2.20 (Not applicable)
Article III (Sales and Servicing Agreement)
-------------------------------------------
|X| Any Section marked as "Reserved" is not applicable
|X| Xxxxxxx 0.00 (x), (x), (x), (x), (x), (x), (x)
|X| Section 3.02
|X| Section 3.03 (Not applicable)
|X| Section 3.04 (b), (c), (d)
|X| Section 3.05
|X| Section 3.06
|X| Section 3.07
|X| Section 3.08
|X| Section 3.09
Article IV (Sales and Servicing Agreement)
------------------------------------------
|X| Any Section marked as "Reserved" is not applicable
|X| Section 4.01
|X| Section 4.02
|X| Section 4.03
Article 5 (Base Indenture)
--------------------------
|X| Section 5.1
|X| Section 5.2
|X| Section 5.3
|X| Section 5.4
|X| Section 5.5
|X| Section 5.6
|X| Section 5.7
|X| Section 5.8
|X| Section 5.9
Article 5 (Series Supplement 2004-1)
---------------------------- -------
|X| Any Section marked as "Reserved" is not applicable
|X| Section 5.10
|X| Section 5.11
|X| Section 5.12
|X| Section 5.13
|X| Section 5.14
|X| Section 5.15
|X| Section 5.16
|X| Section 5.17
|X| Section 5.18
|X| Section 5.19
|X| Section 5.20
|X| Section 5.21
|X| Section 5.22
|X| Section 5.23
|X| Section 5.24
|X| Section 5.25
|X| Section 5.26
|X| Section 5.27
|X| Section 5.28
|X| Section 5.29
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A.I Credit Corp.
AICCO Inc. I
AICCO Inc. II
Imperial Premium Finance Inc.
Imperial Premium Funding Inc.
By: /s/ Xxxxxxx Xxxxxx
---------------------------------
Xxxxxxx Xxxxxx
Senior Vice President, Controller
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