Notice to Employees and Eligible Employees of Banner Health

This document is about a notice to employees and eligible employees of Banner Health regarding an application for authorization under Prohibited Transaction Exemption 96-62 to allow the reinsurance of risks and receipt of premiums by Samaritan Insurance Funding (USVI), Ltd., Banner's captive insurance company, for the basic and supplemental life insurance benefits offered under the Banner Health System Flex Plus Plan. The notice outlines the proposed transaction, the parties involved, the benefit improvements that will be provided, and the employee's right to comment on the tentative authorization.