Reinsurance Participation Agreement Is An Insurance Contract, 4th Circuit Rules

Mealey's (January 14, 2019, 1:23 PM EST) -- RICHMOND, Va. — In a dispute over billings for a workers’ compensation program, the Fourth Circuit U.S. Court of Appeals affirmed Jan. 14 that a reinsurance participation agreement (RPA) is an insurance contract for purposes of Virginia Code Section 38.2-312 (Minnieland Private Day School v. Applied Underwriters Captive Risk Assurance Company Inc., 17-2385, 4th Cir., 2019 U.S. App. LEXIS 1188)....