Exhibit 20
OFFICER'S CERTIFICATE
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Xxxxx Xxxxxxx, Treasurer of Trans-World Insurance Company d/b/a Educaid (the
"Servicer"), in accordance with Section 4.8 of The Sale and Servicing Agreement
(the "Agreement") dated as of December 27, 1996 wherein Trans-World Insurance
Company d/b/a Educaid is the "Servicer" states the following:
(i) the Servicer has fully complied with the provisions of Articles IV
and VII;
(ii) the Claims Administrator has fully complied with Section 7.1;
(iii) a review of the activities of the Servicer during 1996 and of its
performance under the Agreement has been made under my supervision; and
(iv) to the best of my knowledge, based on my review, the Servicer has
fulfilled all its obligations under the Agreement throughout 1996 and there has
been no default in the fulfillment of any such obligation.
TRANS-WORLD INSURANCE COMPANY
d/b/a EDUCAID
by: /s/ Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx
Treasurer
