By Katherine Billingham
Liquidation of an insurance company is the equivalent of a Chapter 7 bankruptcy and is the remedy of last resort for an insurer in financial difficulty. This chapter examines the timing, purpose and grounds for liquidation, as well as the process of the liquidation...
By Bruce Baty and Jodi Adolf
* * *
Chapter 102 discusses the consequences of an insurer insolvency for the policyholders, agents, excess insurers and reinsurers of the insolvent insurer.
The chapter begins in Section 102.01 with a general discussion of the liquidation process...