Judge Says ACA Insurer Is Insolvent, Orders Liquidation
Mealey's (October 3, 2016, 9:06 AM EDT) -- CHICAGO — An Illinois judge on Sept. 29 ordered the liquidation of an insolvent Patient Protection and Affordable Care Act (ACA) marketplace insurer and terminated a previously ordered rehabilitation (People of the State of Illinois, ex rel. Anne Melissa Dowling, Acting Director of Insurance of the State of Illinois v. Land of Lincoln Mutual Health Insurance Company, No. 2016CH09210, Ill. Cir., Cook Co., Chanc. Div.).
(Agreed order of liquidation available. Document #10-161028-008R.) The people of the State of Illinois, upon the relation of Anne Melissa Dowling,...