UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

SEC File Number: 001-14681

 

CUSIP Number: 707 874 400

 

(Check one:)

 

x Form 10-K o Form 20-F o Form 11-K o Form 10-Q o Form 10-D o Form N-SAR

oForm N-CSR

 

For Period Ended: December 31, 2008

 

For the transition period ended: Not applicable

 

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: Not applicable

 

PART I - REGISTRANT INFORMATION

 

    Penn Treaty American Corporation   

Full Name of Registrant

 

           Not applicable          

Former Name if Applicable

 

                     3440 Lehigh Street                  

Address of Principal Executive Office (Street and Number)

 

    Allentown, PA 18103    

City, State and Zip Code

 

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PART II - RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate) o

 

(a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

 

(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and

 

(c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III - NARRATIVE

 

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report, or portion thereof, could not be filed within the prescribed time period.

 

Effective January 6, 2009, two of the Registrant’s insurance subsidiaries, Penn Treaty Network America and American Network Insurance Company (the “Insurance Subsidiaries”), by consent and by order of the Commonwealth Court of Pennsylvania, entered rehabilitation and have been placed under the statutory control of the Pennsylvania Insurance Department. Substantially all of the Registrant’s long term care insurance business is conducted through the Insurance Subsidiaries. The entry into rehabilitation of the Insurance Subsidiaries has caused a diversion of Management’s time and attention, which, combined with the previously reported economic restructuring plan and the effect on its financial statements of the settlement agreement with the Registrant’s former primary reinsurer, Imagine International Reinsurance Limited, has caused the delay in completing the Annual Report on Form 10-K on a timely basis.

 

 

 

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PART IV - OTHER INFORMATION

 

 

 

(2)       Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).

 

 

The Registrant has not filed Quarterly Reports on Form 10-Q for the quarters ended March 31, 2006, June 30, 2006, September 30, 2006, March 31, 2007, June 30, 2007, September 30, 2007, March 31, 2008, June 30, 2008, September 30, 2008 or an Annual Report on Form 10-K for the year ended December 31, 2007.

 

(3)       Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

 

 

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

For the reasons stated above, the Registrant has not yet determined its results for the quarter ended March 31, 2008.

 

    Penn Treaty American Corporation    

(Name of Registrant as Specified in Charter)

 

 

 

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has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).