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- Lincoln run-off plan approved
Lincoln run-off plan approved
- By ILS corp
- Published 06/4/2009
- ILSTV Stories
- Unrated
Kingsway Financial Services has announced that the Pennsylvania Insurance Department has completed its review of a proposed Risk Based Capital plan filed by Lincoln General Insurance Company.
The Department determined that Lincoln General's Plan is satisfactory and may be implemented immediately.As previously announced, Lincoln General submitted its Plan to the Department on May 7th, 2009.
Lincoln General is a subsidiary of Kingsway.
A run-off is the liability of an insurance company for future claims that it expects to pay and for which a reserve has been established.

