UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~July~~August 2421, 2012

Penn Treaty American Corporation

(Exact name of registrant as specified in its charter)

Pennsylvania		001-14681		23-1664166
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2500 Legacy Drive, Suite 130 Frisco, TX 75034

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (469) 287-7044

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

AsOn ~~previously reported in a Current Report on Form~~August ~~8-K~~21, ~~filed on May 18~~2012, ~~2010 by~~ Penn Treaty American Corporation (the “Company”), oncommenced ~~May 10,~~the ~~2010,~~mailing ~~the~~of ~~Insurance~~a ~~Commissioner~~letter to its shareholders of record. The shareholder letter describes the ~~Commonwealth~~status of ~~Pennsylvania~~the (proceedings relating to the “Pennsylvania Insurance Commissioner~~”),~~’s inefforts ~~his~~to ~~official~~liquidate ~~capacity~~the asCompany’s ~~Rehabilitator~~direct ofand indirect subsidiaries, Penn Treaty Network America Insurance Company (“PTNA”), ~~filed~~and inAmerican ~~the~~Network ~~Commonwealth~~Insurance ~~Court~~Company (“ANIC”). The shareholder letter also describes the settlement of ~~Pennsylvania~~the lawsuit against the Company regarding paid time off obligations and a ~~Complaint~~federal ~~against~~income tax refund received by the Company. The shareholder letter describes the disposition of the fee petition filed by the Company and Eugene Woznicki, the ~~parent~~Chairman of the boards of the Company, PTNA~~. The~~ ~~Insurance~~and ~~Commissioner~~ANIC, ~~alleged~~seeking ~~that~~reimbursement of certain of the Company’s expenses from PTNA isand ~~owed~~ANIC ~~approximately~~and $2the receipt of such funds.3 ~~million~~The ~~from~~shareholder letter also provides certain internally prepared, unaudited, and not independently reviewed, financial information of the Company (not including financial information related to athe ~~federal~~Company’s ~~tax~~direct ~~refund~~or ~~and~~indirect ~~certain~~subsidiaries) ~~accrued~~as ~~paid~~of ~~time~~July 31, ~~off liabilities~~2012.

OnA ~~July 20,~~copy ~~2012,~~of the ~~Insurance~~shareholder ~~Commissioner~~letter ~~and~~is ~~the~~filed ~~Company~~as ~~entered into a Settlement Agreement and Release (the “Settlement Agreement”) pursuant to which the Company would pay $1~~Exhibit 99.21 ~~million~~ to ~~PTNA. On~~this ~~July 24,~~Current ~~2012,~~Report aon ~~Praecipe to Discontinue was filed with the Commonwealth Court of Pennsylvania settling, discontinuing and ending the case between the Insurance Commissioner and the Company~~Form 8-K.

AItem ~~copy of the form of Settlement Agreement is filed with this Form 8-K and attached hereto as Exhibit 99~~9.101. ~~The~~Financial ~~foregoing~~Statements ~~description~~and ~~of the Settlement Agreement is qualified in its entirety by reference to the full text of the form of Settlement Agreement, which is incorporated herein in its entirety by reference~~Exhibits.

~~On July 6, 2012, by order of the Commonwealth Court of Pennsylvania~~ (~~the “Order”~~d), the court granted the Intervenors’ Petition to Recover Professional Fees, Costs and Other Expenses Awarded Pursuant to 40 P.S. §221.18(a) (the “Fee Petition”) whereby the Insurance Commissioner is ordered to reimburse the Intervenors, Eugene J. Woznicki and the Company, for professional fees, costs and other expenses of the defense of the rehabilitation proceeding, in equal amounts from the estates of PTNA and ANIC within ten days of the date of the Order. The amounts due to the Company pursuant to the Fee Petition were paid by the Insurance Commissioner on July 16, 2012. Exhibits

~~Item 9.01 Financial Statements and~~ Exhibits.

~~(d) Exhibits~~99.1 Penn Treaty American Corporation Letter to Shareholders dated August 21, 2012.

Exhibit		Description
99.1		Form of Settlement Agreement and Release dated as of July 20, 2012 by and between Michael F. Consedine, Insurance Commissioner of the Commonwealth of Pennsylvania, in his official capacity as Rehabilitator of Penn Treaty Network America Insurance Company and Penn Treaty American Corporation.

2SIGNATURES

~~SIGNATURES~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PENN TREATY AMERICAN CORPORATION

August 21, 2012	By:	/s/ Eugene Woznicki
	Eugene Woznicki
	Chief Executive Officer

		PENN TREATY AMERICAN CORPORATION
July 30, 2012	By:	/s/ Eugene Woznicki
		Eugene Woznicki
		Chief Executive Officer

3EXHIBIT INDEX

EXHIBIT INDEX

Exhibit		Description

99.1		Penn Treaty American Corporation Letter to Shareholders dated August 21, 2012.

Exhibit		Description
99.1		Form of Settlement Agreement and Release dated as of July 20, 2012 by and between Michael F. Consedine, Insurance Commissioner of the Commonwealth of Pennsylvania, in his official capacity as Rehabilitator of Penn Treaty Network America Insurance Company and Penn Treaty American Corporation.

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