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Court Approves 22% Second Dividend From Legion Indemnity

Monday, October 2, 2017 | 513 | 0 | 0 min read

The Illinois Office of the Special Deputy Receiver (OSD) has announced a court order approving a 22% second dividend from Legion Indemnity Co. on late-filed claims. Judge Celia Gamrath Cook County Circuit Court Judge Celia Gamrath on Thursday authorized the liquidator to make a distribution of Legion Indemnity’s estate assets in the amount of $5.4 million by the end of October to effectuate the second dividend on late-filed priority level “d” claims, OSD says. Priority level “d” includes claims by policyholders, beneficiaries, insureds and liability claims ag...

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