Special Deputy Receiver Asks Court To Discharge It And Receiver
(November 13, 2015, 7:30 AM EST) -- AUSTIN, Texas — The special deputy receiver (SDR) of an insolvent insurer told a Texas court on Nov. 5 that it had made a final distribution of the insurer’s remaining assets and wished to terminate the receivership proceedings (State of Texas v. Western Indemnity Insurance Company, No. D-1-GV-03-002024, Texas, 261st Dist., Travis Co.).
(Final accounting and application to terminate receivership available. Document #10-151120-029X.)
The Travis County 261st District Court placed Western Indemnity Insurance Co. into receivership on June 5, 2003. The state’s insurance commissioner was named...