Judge Authorizes Liquidator To Enter Agreements With Insurance Guarantors

Mealey's (November 17, 2016, 7:56 AM EST) -- CHICAGO — An Illinois judge on Oct. 18 approved a plan under which the liquidator of an insolvent Patient Protection and Affordable Care Act marketplace insurer would enter into agreements allowing distribution of assets of the insurer’s estate to various states’ insurance guaranty associations (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.)....