Judge Dismisses Rehabilitation Following Insolvent Insurer’s Sale
(April 27, 2016, 11:31 AM EDT) -- EAST BATON ROUGE, La. — A Louisiana judge on April 8 granted a rehabilitator’s motion to dismiss a rehabilitation proceeding after a formerly insolvent insurer was sold and returned to operation (James J. Donelon, Commissioner of Insurance for the State of Louisiana v. Mothe Life Insurance Company and its Wholly Owned Subsidiary, DLE Life Insurance Company, No. 633 396, La. Dist., East Baton Rouge Parish).
(Order available. Document #10-160527-009R.)
James J. Donelon, commissioner of insurance for the State of Louisiana, petitioned the 19th Judicial District Court...