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Question 2 of 13 in Insurance Company |
What do I do if my insurer goes bankrupt? |
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Call the company to find out the status of their bankruptcy and of your insurance. If they are not able to help you, call the state insurance department. The state insurance department will know about the plans for rehabilitating or taking over your company. Usually, a healthy company will be assigned to take over your company and honor your policy. Eventually you should get a new policy with the acquiring company. |
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