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Health Insurance Group Conseco Announces Oversight Trust

Conseco, Inc. (NYSE: CNO) – announced today a plan to transfer Conseco Senior Health Insurance Company
(CSHI) to an independent trust to be named Senior Health Care Oversight Trust
(the “Independent Trust”) for the exclusive benefit of CSHI’s long-term care
policyholders.  What will come of this? 

Consummation of the plan, which is conditioned on the receipt
of the approval of the Pennsylvania Insurance Department, is expected to take
place in the fourth quarter of 2008.

Will this make is appealing for other health insurance groups to offer Conseco products?  What do you think?

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This entry was posted on Monday, August 11th, 2008 at 5:43 pm and is filed under Group Health Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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