A South Carolina administrative law judge will hold a Friday hearing on whether Atlantic Coast Life Insurance Co. can continue writing new policies.
Atlantic Coast is owned by Advantage Capital Partners, known as A-Cap. Claiming the insurer’s underlying financial condition is poor, South Carolina regulators banned Atlantic Coast from writing new life policies after Dec. 31, 2024. The South Carolina Department of Insurance order also covers Southern Atlantic Re, another A-Cap insurer.
Chief Administrative Law Judge Ralph King Anderson III granted a stay from the order Dec. 30…