Liquidator Asks Court To Allow Insurance Guaranty Association To Keep Funds

Mealey's (March 17, 2017, 7:36 AM EDT) -- HARRISBURG, Pa. — The liquidator of an insolvent insurer asked a Pennsylvania court on March 10 to approve a proposal under which a different state’s insurance guaranty association will retain certain funds given to it by that state’s ancillary receiver so that the liquidator will not have to make future distributions to the association (In re:  Legion Insurance Company [In Liquidation], No. 1 LEG 2002, Pa. Cmwlth.)....

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