Texas High Court Denies Review Of Reinsurance Risk Pool Tax Decision
Mealey's (September 13, 2017, 7:12 AM EDT) -- AUSTIN, Texas — On Sept. 1, the Texas Supreme Court declined to review an appellate court’s ruling that two insurers may not recover more than $1.1 million in taxes, penalties and interest on reinsurance agreements issued to two Texas self-funded risk pools (Argonaut Insurance Co., et al. v. Glenn Hegar, et al., No. 16-0663, Texas Sup., 2017 Tex. LEXIS 776).
The Supreme Court denied a petition filed by Argonaut Insurance Co. and Argonaut Great Central Insurance Co. (collectively, Argonaut), challenging a June 2015 ruling that premium...