…the Arizona Insurance Department also filed comments in the matter. The transaction is representative of a trend in several states which have adopted statutes permitting division or transfer of blocks…
…the insurance contract by assuring the viability, commitment and reputation of the property and casualty insurance industry.” Schmelzer said the insurance industry experiences relatively few insolvencies in part because companies,…
…relevant where the statute involves personal lines. Buddy Combs (OK), who was instrumental in passing the Oklahoma IBT statute, provided an update on a current bill designed to help implement…
…Data within the Data Mapper, The Data should be promptly deleted using these tools or by contacting GSI staff. Extenuating Circumstances If it is determined that the liquidator is unable…
Preamble The National Conference of Insurance Guaranty Funds (NCIGF) has entered into agreements with member state insurance guaranty associations and insurance receivers to assist in the transfer and distribution of…
…insurance companies authorized to transact insurance in Michigan. Membership in MPCGA is a condition for doing business in the state of Michigan. MPCGA was created by the Michigan Legislature in…
…is restructured pursuant to statutes in several states. These statutes, which are described as either Insurance Business Transfer (IBT) or Division statutes, permit a company to divest itself of certain…
…B The claimant name in the B record should not be left blank. If the claimant is the Insured then the insured name is entered in the field or whoever…
…in the following states, including the following: Connecticut: Division statute enacted in 2017 Georgia: Division statute enacted in 2018. Illinois: Division statute enacted in 2018. Iowa: Division statute enacted in…
…Pa.C.S.A. § 361) though its application to insurance policyholders is unclear. In 2014, Vermont passed its Legacy Insurance Management Act (LIMA). According to the RunOff Re.Solve website (runoffresolve.com), LIMA allows…