PMI Group Inc. adopted a plan to protect shareholders' interests in the event of an unfair and coercive takeover attempt.

It said the shareholder rights plan was not adopted in response to any effort to acquire control of the company and that its board of directors was unaware of any such effort.

PMI Group, through its subsidiary PMI Mortgage Insurance Co., is the third-largest private mortgage insurer in the United States, based on 1996 yearend insurance in force of $77.3 billion.

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