The Patriot-News series examines the causes and impact of the collapse of Corporate Life Insurance Co., a small firm in West Chester, PA. Apparent fraud by the company and failed regulation by the Pennna. Insurance Dept. led to the collapse. A state court judge also issued a secrecy order to prohibit the public from knowing what was going on. The state attorney general is working with the new insurance commissioner to develop guidelines in cases of potential fraud and the governor has signed over money for insurance fraud investigations, Dec. 18 - 20, 1994.