Unlike most companies, insurers are not able to become debtors under the United States Bankruptcy Code. Instead, they are subject to a proceeding under the supervision of the state where the insurer is domiciled. While many of the concepts are similar to bankruptcy, each state has its own insurance code to address how an insolvency or rehabilitation will proceed. Listen to this podcast to learn more about those procedures, as well as the financial solvency tools that states monitor to ensure their insurers are financially stable.
Featuring: Fred Marro, Esq., President, Westmont Associates, Inc.
Joseph DiMemmo, CPA, former Deputy Insurance Commissioner, Pennsylvania Insurance Department’s Office of Corporate and Financial Regulation
Hosted by: Dan Cotter, Attorney, Howard & Howard Attorneys PLLC

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