Enables the state insurance department as liquidator or its appointed deputy to wind up the insurance company’s affairs by selling its assets and settling claims upon those assets. After receiving the liquidation order, the liquidator notifies insurance departments in other states and state guaranty funds of the liquidation proceedings. Such insurance company liquidations are not subject to the Federal Bankruptcy Code but to each state’s liquidation statutes.
Categories
- Insurance Blog
- Insurance Recommend (1)
- Insurance Review
- Insurance Terms
Monthly Archives
- August 2008 (1)
- June 2008 (1)
- May 2008 (1)
- April 2008 (1)
- March 2008 (4)
- February 2008 (2)
- January 2008 (3)
- December 2007 (4)
- November 2007 (27)
- October 2007 (36)
- September 2007 (2)
- October 2006 (5)
- September 2006 (3)
- August 2006 (1)
- July 2006 (4)
- June 2006 (3)
- May 2006 (2)
- April 2006 (4)
- March 2006 (4)
- February 2006 (5)
- October 2005 (1)
- September 2005 (4)
- August 2005 (10)
- July 2005 (289)
OpenID accepted here
Learn more about OpenID
About this Entry
This page contains a single entry by David published on July 13, 2005 12:10 AM.
LIMITS was the previous entry in this blog.
LIQUIDITY is the next entry in this blog.
Find recent content on the main index or look in the archives to find all content.
Subscribe to News Feed