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KENTUCKY CENTRAL LIFE INSURANCE COMPANY ASKS KENTUCKY INSURANCE COMMISSIONER TO TAKE ACTION TO PRESERVE ASSETS OF THE COMPANY

 LEXINGTON, Ky., Feb. 12 /PRNewswire/ -- Kentucky Central Life Insurance Company (NASDAQ: KENCA) announced that it has today asked the Insurance Commissioner of the Commonwealth of Kentucky to take appropriate steps to preserve the assets of the Company and to protect its policyholders, shareholders, creditors and other interested persons. This action was taken following issuance by the Insurance Commissioner of the State of California of an order requiring the Company to cease and desist from transacting insurance business in the state of California and threatened action by other states.
 It is anticipated that the Kentucky Insurance Commissioner will promptly petition a court in Kentucky for an order empowering the Commissioner to take appropriate actions.
 -0- 2/12/93
 /CONTACT: Brent A. Clay, V.P. Public Relations, Kentucky Central Life Insurance Company, 606-253-5271/
 (KENCA)


CO: Kentucky Central Life Insurance Company ST: Kentucky IN: INS SU:

MM -- CH007 -- 6191 02/12/93 13:58 EST
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Publication:PR Newswire
Date:Feb 12, 1993
Words:152
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