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Insurance Regulation: Observations on the Receivership of Monarch Life Insurance Company

GGD-95-95 Published: Mar 22, 1995. Publicly Released: Mar 22, 1995.
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Highlights

Pursuant to a congressional request, GAO examined the placing of Monarch Life Insurance Company in receivership, focusing on: (1) whether the actions of the parent holding company or affiliated companies endangered the solvency of Monarch Life; and (2) the adequacy of regulatory oversight leading up to the insurance receivership.

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