MIGA Is Not Required To Reimburse Under Insolvency Policy, Miss. High Court Says

MIGA Is Not Required To Reimburse Under Insolvency Policy, Miss. High Court Says

JACKSON, Miss. - Mississippi Insurance Guaranty Association (MIGA) is not obligated to reimburse Mississippi Workers' Compensation Self-Insurers Guaranty Association (SIGA) under an insolvent insurance policy for SIGA's statutorily obligated payments to an insured because those payments are not a covered claim, a majority of the Mississippi Supreme Court held April 19 (Mississippi Insurance Guaranty Association v. Mississippi Workers' Compensation Individual Self-Insurer Guaranty Association f/k/a Mississippi Workers' Compensation Self-Insurer Guaranty Association, No. 2010-CA-01615-SCT, Miss. Sup.; 2012 Miss. LEXIS 197).

Find full version on lexis Advance®
Access this news story on lexis.com®