Penn treaty subsidiaries given OK to write new LTC policies. (Long Term Care).(Brief Article)

The Pennsylvania Insurance Department has approved a plan that lets two key subsidiaries of Penn Treaty American' Corp., Allentown, Pa., return to the long term care insurance market in Pennsylvania and 22 other states.

Penn Treaty, one of the insurers that developed the modern U.S. LTC insurance industry, reported strong sales, but it ran into trouble in early 2001, when some state regulators asked whether it had enough capital to support its growth.

Penn Treaty agreed in September 2001 to suspend new LTC insurance sales while it dealt with regulators' conc