Ala. High Court: Insurance Guaranty Association Is Not Entitled To Reimbursement

Ala. High Court: Insurance Guaranty Association Is Not Entitled To Reimbursement

MONTGOMERY, Ala. - A state insurance guaranty association, substituting for an insolvent insurer, is not entitled to reimbursement for payment of a workers' compensation claim because an insured's net worth did not exceed $25 million under state law precedent at the time of the insurer's insolvency, the Alabama high court affirmed Feb. 15 (Alabama Insurance Guaranty Association v. Mercy Medical Association and Catholic Health East Inc., No. 1111206, Ala. Sup.; 2013 Ala. LEXIS 12).

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