Abstract
Ever wonder what happens when your insurance company becomes insolvent, and the risks you paid to insure are suddenly thrust back upon you? The topic of insurance insolvency suffers from a lack of attention. This article reviews the history of insurance insolvency laws and recommendations for improvements. The work of the National Association of Insurance Commissions is discussed, as well as a look to what lies ahead in the future for this vital group.
- © 2004 Institutional Investor, LLC
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