Texas Hold'em: The Rule 11 Agreement

Posted on May 27, 2008 by Bill Stalter

The Cassitys have a rearguard strategy after all.

The Texas Department of Insurance paid a price for gaining control of NPS and its sister insurance companies: A Rule 11 Agreement.   Texas has agreed to not bring litigation against the companies, or various individuals and firms related to NPS.  A very steep price, but one Texas may have felt it had to pay in order to gain control of the NPS/Lincoln records. 

The $640 million question is who will pursue the Cassitys if the NPS cupboard turns out to be bare? 

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question - May 28, 2008 9:23 AM

Can the other states go after the Cassitys? I know that the Mo Attorney Generals Office is still conducting their legal investigation. Illinois seems to be really angry with them too. A woman in the Cassity loop is starting up her own preneed company. Can she be bankrolled by the Cassitys or are their funds frozen?

Bill - May 29, 2008 11:41 AM

The Agreed Order would not preclude other states from pursuing legal actions against the companies or their owners. It would difficult to answer the second question.

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