Exam term
Liquidation
The last-resort proceeding that winds up an insolvent insurer, ending its business and distributing its assets to creditors and policyholders.
Lessons that use this term
- Insolvency, CLHIGA, and Fair Claims Settlement Practices Regulations California
- New York Superintendent's powers and insurer regulation: certificate of authority, solvency, claim practices, and agent appointments New York
- Life Insurance Company Guaranty Corporation of New York (Ins. Law art. 77) New York