FIC: Life Insurers to Pay for Penn Treaty Insolvency Under Bill Filed
By: Katrina Callaway, FIC General Counsel Life insurers would be assessed by the Florida Life and Health Insurance Guaranty Association (FLAHIGA) for long term care insolvencies, including the Penn Treaty insolvency, under a Senate bill filed on February 24, 2017. The bill, SB 1242 by Sen. Brandes, is a priority of the Office of Insurance…