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  2. Guaranty association - Wikipedia

    en.wikipedia.org/wiki/Guaranty_association

    Annuity contracts are protected against insurance company insolvency up to a specific dollar limit, often $100,000, but as high as $500,000 in New York, [6] New Jersey, [7] and the state of Washington. [8] California is the only state that has a limit less than 100%; the limit is 80% up to $300,000. [9] This protection is not insurance. When an ...

  3. Insolvency - Wikipedia

    en.wikipedia.org/wiki/Insolvency

    It has been suggested that the speaker or writer should either say technical insolvency or actual insolvency in order to always be clear – where technical insolvency is a synonym for balance sheet insolvency, which means that its liabilities are greater than its assets, and actual insolvency is a synonym for the first definition of insolvency ...

  4. Liquidation - Wikipedia

    en.wikipedia.org/wiki/Liquidation

    If a limited company’s liabilities outweigh its assets, or the company cannot pay its bills when they fall due, the company becomes insolvent. If the company is solvent , and the members have made a statutory declaration of solvency, the liquidation will proceed as a members' voluntary liquidation (MVL).

  5. What happens to an annuity if your insurance company ... - AOL

    www.aol.com/finance/happens-annuity-insurance...

    While rare, an annuity issuer failing can be a nightmare for policyholders.

  6. What to know about financial insolvency

    www.aol.com/finance/everything-know-financial...

    This type of insolvency typically pertains to business finances but may also impact individuals. Don’t assume that carrying a little debt means you or your company are insolvent. Taking on debt ...

  7. Bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy

    For companies, formal bankruptcy is a normal effect of insolvency, even if there is a reconstruction mechanism where the company can be given time to solve its situation, e.g. by finding an investor. The government can pay salaries to employees in insolvent companies which do not pay them, but only if the company is declared bankrupt.

  8. Receivership - Wikipedia

    en.wikipedia.org/wiki/Receivership

    State Insurance Departments are accredited by the National Association of Insurance Commissioners (NAIC)—which states, "State law should set forth a receivership scheme for the administration, by the insurance commissioner, of insurance companies found to be insolvent as set forth in the NAIC's Insurer Receivership Model Act." [5]

  9. Trade credit insurance - Wikipedia

    en.wikipedia.org/wiki/Trade_credit_insurance

    Trade credit insurance, business credit insurance, export credit insurance, or credit insurance is a type of insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy.