Connie Lee Insurance Co. said Monday that net income for the third quarter of 1993 was $1.9 million, up 29% from the $1.5 million the municipal bond insurer earned last year in the same period.

For the first nine months of 1993, Connie Lee said net income rose 24%, to $5.4 million from $4.3 million in the same period last year.

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