Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance > Term Insurance

Penn Treaty Files 2007 Statements On Time

X
Your article was successfully shared with the contacts you provided.

Penn Treaty American Corp. has met the filing deadlines for audited 2007 financial statements for 3 subsidiaries.

The filings might help Penn Treaty, Allentown, Pa., get approval from Florida regulators to resume sales in Florida.

The filings cover Penn Treaty Network America Insurance Company, American Network Insurance Company and American Independent Network Insurance Company of New York.

Penn Treaty, a long term care insurer, says it now will focus on completing its annual form 10-K report for the period.

Penn Treaty last year restated 2005 financial results. The company said it had found errors that had increased its reported book value by about $1 million.

In June 2007, Florida regulators shut Penn Treaty out of the state’s LTC insurance market for 12 months because of concerns about the delayed filing of audited 2006 statements.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.