Mealey's (July 14, 2021, 2:33 PM EDT) -- HARRISBURG, Pa. — A Pennsylvania court on July 9 denied the state’s insurance commissioner’s application seeking a declaration that she is authorized under Article V of the Insurance Department Act of 1921 to allocate assets from insolvent insurers’ estates to pay policyholder claims for benefits that exceed applicable statutory guaranty association limits and accrue more than 30 days after the policies were terminated by virtue of the insurers’ liquidation, finding “simply no statutory authority for this well-intentioned proposal.”...