Kentucky Medical Insurance Company obtained permission to Department of Insurance
Louisville, Ky. — (BUSINESS WIRE) - Kentucky Medical Insurance Company (Nasdaq: KYMDA) announced today that the Kentucky Department of Insurance has approved Kentucky Medical proposed merger with Michigan Physicians Mutual Liability Company of East Lansing, Michigan.
The merger is still subject to approval by the Kentucky Medical-shareholders. A special general meeting is for tomorrow in Louisville, Kentucky.
The company believes that the merger of the end of 1995. Terms of the merger provide that doctors in Michigan is the acquisition of all classes of Kentucky Medical Insurance Company reserve of $ 25375 million.
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