Judge Gives Special Deputy Receiver OK To Enter Reinsurance Settlements

Mealey's (January 5, 2016, 7:30 AM EST) -- AUSTIN, Texas — A Texas judge on Dec. 21 granted the special deputy receiver (SDR) of an insolvent insurer’s application for authority to enter into settlements with three reinsurers (The State of Texas v. Santa Fe Auto Insurance Co., No. D-1-GV-13-000204, Texas Dist., Travis Co., 419th Jud.).

(Order available. Document #10-160129-003R.)

The Texas Department of Insurance’s application for an order liquidating Santa Fe Auto Insurance Co was granted by the Travis County 419th Judicial District Court on April 5, 2013. The court appointed Texas’ insurance commissioner...
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