District Court, D. Maryland August 3, 1990, Civ. PN-88-783 (Narda, Inc. v. Rhode Island Hospital Trust National Bank)

NIEMEYER, District Judge.

OPINION AND ORDER

An employee benefit plan established by NARDA, Inc. (the National Appliance and Radio-TV Dealer’s Association) (“NAR-DA”) to provide its members with medical benefits, life insurance, and related benefits became insolvent in May 1986 because the value of claims of participants for medical benefits exceeded the premiums collected.