Exam term
Rehabilitation
A court-supervised proceeding in which the state's insurance regulator manages a troubled insurer to restore it to financial health. It fits an insurer whose condition is not yet hopeless, as distinguished from liquidation.
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