I, FRED A. BUCK, declare:

1. I am a Special Deputy Insurance Commissioner. The statements contained in this declaration are not all within my personal knowledge, and I am informed that no single officer of the Conservation and Liquidation Office ("CLO") has personal knowledge of all these matters. The statements herein are based on information assembled by authorized employees of the CLO, and I am informed and believe that the statements based upon that information are true. As to those matters that are within my own personal knowledge, the statements are true. If called upon as a witness, I would testify as set forth herein.
2. I am responsible for the supervision and management of all matters pertaining to all companies for which the Insurance Commissioner has been appointed conservator or liquidator and which are managed by the CLO, including but not limited to supervision and management by the CLO's financial, investment, accounting, claims, and reinsurance departments and personnel.
3. I have overall custody and control of the CLO's files and records pertaining to all companies in liquidation, including Coastal Insurance Company in Liquidation ("the Estate"), and am responsible for the maintenance of such files and records in the ordinary course of business. I am familiar with the business and record keeping practices of the CLO.
4. I am responsible for all claims, financial, investment, accounting, tax, actuarial, and reinsurance matters pertaining to the liquidation of the Estate and am responsible for the manner in which the Estate will be concluded.
5. On February 26, 2004, this Court entered its "Orders (1) Settling And Approving Final Report and Account of Conservator and Liquidator from February 2, 1989 to November 30, 2003, (2) Approving Assignment of Receivables to the California Insurance Guarantee Association, (3) Final Distribution of Assets, (4) Settling and Approving Same, (5) Discharging Liquidator And Releasing Commissioner From Liability and Dismissing Action"(collectively, the "Order").
6. Pursuant to paragraph 4 of the Order, on or about March 12, 2004, 1,534 distributions were made by the Liquidator via check issuance or electronic transfer in total amount of $38,969,533.73 (such amount reflecting investment earnings through the distribution date). During the period from March 12, 2004 to September 29, 2004, 369 checks were presented for payment by the recipients thereof and electronic transfers accepted in total amount of $38,780,297.25. During that same period, it was determined that 1,165 checks were returned or were outstanding, representing the amount of $189,236.48. On September 29, 2004, the sum of $189,236.48 escheated to the State of California in accordance with the Order and Section 1517 (b) of the Code of Civil Procedure.
7. The Liquidator retained $173,680.00 from the Estate prior to making the payment described in Paragraph 6 above for payment of administrative expenses incurred after November 30, 2003 with respect to the estate.
8. The Order provided that the Commissioner shall be discharged as Liquidator of the Estate upon the filing of a declaration that he distributed the assets thereof in accordance with the terms of the Order. As set forth in paragraphs 1 -7 above, the Commissioner has transferred all residual assets of the Estate and has taken all action necessary pursuant to the terms of the Order, and the Estate is closed concurrent with the filing of this declaration.

I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct.

Executed this 13^th day of October, 2004, at San Francisco, California.