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September 12, 1992 | From Times Staff and Wire Reports
First Executive Reorganization Takes Effect: The court-approved reorganization of Los Angeles-based First Executive Corp., the bankrupt life insurance holding company, has taken effect. Under the plan, a majority of the stock in the reorganized First Executive, renamed First Lincoln Holdings, will be distributed to creditors, including lending banks and holders of First Executive notes.
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BUSINESS
September 12, 1992 | From Times Staff and Wire Reports
First Executive Reorganization Takes Effect: The court-approved reorganization of Los Angeles-based First Executive Corp., the bankrupt life insurance holding company, has taken effect. Under the plan, a majority of the stock in the reorganized First Executive, renamed First Lincoln Holdings, will be distributed to creditors, including lending banks and holders of First Executive notes.
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BUSINESS
April 12, 1991 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Insurance executives, nervously assessing Thursday whether the seizure of one of the nation's biggest life insurers would damage consumer confidence, moved quickly to provide assurances about the strength of the industry. Executive Life Insurance Co., the California subsidiary of Los Angeles-based First Executive Corp., was placed in a court-supervised conservatorship Thursday at the request of the state Department of Insurance.
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