Judge Approves Agreement To Recover $100,000 Special Deposit Held In Trust
(March 7, 2016, 11:14 AM EST) -- MASON, Mich. — A Michigan state judge on Feb. 23 approved an agreement under which a special deposit held in trust to secure coverage of policies in another state will be returned to a rehabilitation estate (Ken Ross, Commissioner of the Office of Financial and Insurance Regulation v. American Community Mutual Insurance Company, No. 10-397-CR, Mich. Cir., 30th Jud. Cir., Ingham Co.).
(Order available. Document #10-160325-005R.)
Judge William E. Collette of the Ingham County 30th Judicial Circuit Court ordered American Community Mutual Insurance Co. into rehabilitation...