tag:blogger.com,1999:blog-6660460810418738523.post5151512647552406386..comments2008-09-27T18:25:18.222-04:00Comments on Riscario Insider: Oblivion: What Happens If My Life Insurance Compan...Promodhttp://www.blogger.com/profile/11239089296177027814noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6660460810418738523.post-19765210609004120642008-09-27T18:25:18.222-04:002008-09-27T18:25:18.222-04:00Thanks for your comment, Byron. The process is dif...Thanks for your comment, Byron. The process is different in Canada but the results are similar: the promises made in the policy contracts are kept and claims get paid eventually.Promodhttp://www.blogger.com/profile/11239089296177027814noreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-55922659545424967962008-09-23T11:25:16.319-04:002008-09-23T11:25:16.319-04:00This is unlikely to happen. However, if there is c...This is unlikely to happen. However, if there is concern about the ability of ANY insurance company to pay claims, every State insurance commissioner has the authority to essentially merge the assets of any troubled insurer through a takeover by more solvent insurers. This method has been used successfully and repeatedly to prevent the default of even one payment of a death claim in over a hundred years in the United States and to make sure that every in-force policy is honored based on the original terms and conditions.Byron Udellwww.accuquote.comnoreply@blogger.com