Reinsurer, Insolvent Insurer Seek Waiver Of Compliance Regarding $5M In Funds

Mealey's (November 13, 2019, 4:04 PM EST) -- AUSTIN, Texas — A reinsurer and an insolvent insurer, as debtors, ask a Texas federal bankruptcy court in a Nov. 12 brief to waive compliance requirements for $5 million in proceeds from a life insurance policy with the account where the proceeds are currently being held (In re:  Capson Corp., et al., Nos. 19-10890, 19-10893 & 19-10894, W.D. Texas Bkcy.)....