peter pantasis
Junior Member
What is the name of your state (only U.S. law)? California
Does any one know what happens when a long term care insurance company goes out of business? does another insurance company take over there policies? if so, does the new insurance company get to choose which policies they take over? for example, can they take over only those policies were premiums are being paid and ignore those policies were claims are being paid? thank you in advance for your answer.
Does any one know what happens when a long term care insurance company goes out of business? does another insurance company take over there policies? if so, does the new insurance company get to choose which policies they take over? for example, can they take over only those policies were premiums are being paid and ignore those policies were claims are being paid? thank you in advance for your answer.