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ITEM 1A. RISK FACTORS.
The following replaces isk factors are no longer applicable: (i) the risk factors contained in our 2023 Annual Report under the heading Risks Related to e-TeleQuote's Senior Health Insurance Distribution Business. All other r, as modified by Part II., Item 1A Risk fFactors contained in , in our 2023 AnnualQuarterly Report are incorporated herein by reference.
We may not be able to abandon on Form 10-Q for the quarter ended June 30, 2024; and (ii) the Companys ownership ofrisk factors pertaining to e-TeleQuote Insurance, Inc. (e-TeleQuote) by the anticipatcontained date, or at all, which would cause us to exit tin our 2023 Annual Report under the senior health insurance distribution business by an alternative methodings Risks Related that may not be as beneficial to stockholder value as the planned abandonment.
The Board of Directors (the Board) of the Company has determined that the Companys senior health business, which is operated through its wholly owned subsidiary, e-TeleQuote, does not have a clear path toward anticipated profitability within an acceptable timeframe in the increasingly challenging senior health distribution market. In connection with such decision, the Board has authorized management of the Company to abandon the Companys ownership of e-TeleQuote with a target date of September 30, o Information Technology and Cybersecurity and Risks Related to Legislative and Regulatory Changes. All other risk factors contained in our 2024. The Board has determined that an abandonment of e-TeleQuote would have certain advantages, including a quicker time frame for ceasing to operate the senior health business as well as maximization of tax benefits. If for any reason the abandonment is unable to be effectuated as expected, then the Company intends to exit the senior health business through another method, which may not be as beneficial to stockholder value as the planned abandonment.
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3 Annual Report are incorporated herein by reference.