Insurance Company Solvency

Insurance Company Solvency And Policyholder Protection

    posted on          2016-10-26 14:17:46, USA

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This article was originally published on line. With the near collapse of AIG, the world’s largest insurance companies many people were asking questions about the financial soundness of a variety of insurance companies. All states have a guarantee fund that provides some measure of protection to policyholders however, the funds apply only to “Admitted” insurance companies as opposed to “Non-Admitted” insurance companies which are not covered by the guarantee funds. The point here is if you are renewing your corporate insurance program and have a choice between and admitted versus a Non-Admitted insurance company, you can make an informed decision.

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