…of Governors, appointed by the Director of the Department of Insurance and Financial Services (“DIFS”), oversees MPCGA. Additional information is available at http://www.mpcga.com/. Contact: Michigan Property and Casualty Guaranty Association…
…Services Committees. Cross-section of senior members and freshman members, including: Senate Banking Committee Chairman, Mike Crapo Housing, Community Development, and Insurance Subcommittee Chairman, Lacy Clay Housing, Community Development, and Insurance…
…NCIGF, the system’s support organization. In January 2008 the SPC committee returns to the birthplace of the SPC initiative, Orlando, to present the strategic plan to guaranty fund managers, a…
…subject to divisions. Hence, types of insurance such as personal lines, workers compensation and long- term care could be involved. At its October 2019 meeting, the NCIGF Board of Directors…
…a note that exceeds 1000 characters. 2017-01-17 New Coverage Code NA Law and ordinance coverage code added for farm owners, fire, homeowner’s and mobile home policies. (545025, 575025, 635025, and…
For a basic overview of the insolvency process and guaranty fund laws, click here. For media inquiries about life and health guaranty funds please visit https://www.nolhga.com. For media inquiries about…
Company Division Statutes, also known as restructuring statutes or business transfer mechanisms, are gaining steam in the state legislatures. These are statutes that permit an ongoing insurance company to divest…
…the company’s “estate.” The commissioner marshals the company’s assets, determines liabilities and begins distributing assets to the estate’s creditors. A company in liquidation is unable to issue new policies. Its…
…In addition, many of these insolvencies, such as Reliance, Fremont Indemnity Company and Legion Insurance Company, were larger than any the system had before absorbed. The insolvency of a large…
…azuRe Advisors, Inc., Oliver Horbelt formerly of Centre Group of Companies, Richard Whatton of Independent Services Group and Tim Graham, LaSalle Re. Although both systems recognized the importance of making…