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When insurance company files insolvency in what order does the creditor get repaid back for loans?
Wiki User
∙ 11y ago
When an insurance company passes through acute financial stringency, it can apply for insolvency before the court of law. They will depute temporary caretaker,assess their financial condition (both their market loans,physical and liquid assets. The policy holders will get the top priority to get back their due money, followed by the creditors. The residue fund,after deducting all legal expenses, will be hand over to the stakeholders of the insurance company.
Wiki User
∙ 11y ago
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Should insurance settlements be repaid when stolen goods are recovered?
That is up to the discression of the insurance company.
Does a cosigner have to have good credit?
Absolutely. The whole point to having a co-signer is the creditor wants assurance that the debt will be repaid.
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
does a grant have to be repaid?
does a grant have to be repaid
If you have about 50000 of credit card debt that is 10 years old and you have not filed for bankruptcy does the debt still have to be repaid?
It depends on if the debt has been charged-off. Typicall after a debt is charged-off the original creditor has a specific time period depending on the state in which the debtor reside to file suit to obtain a judgment in order to force the repayment of the debt. If the time period mentioned above elaspes without the creditor filing suit then typically the answer would be that the debt does not need to be repaid. However, if you made partial payments to the creditor after the charge-off date you have started the clock over on that time period and the creditor get another chance. The best thing to do is contact a bankruptcy attorney for all the detail concerning the specifics of you particular situation.
Should insurance settlements be repaid when stolen goods are recovered?
That is up to the discression of the insurance company.
What is it called when one insurance company is repaid by another insurance company?
Subrogation, It's basically when an insured's insurance carrier pays for the damage done to their vehicle, even though it was the other parties fault. The insured's carrier will then go after the other parties carrier for reimbursement.
Does a cosigner have to have good credit?
Absolutely. The whole point to having a co-signer is the creditor wants assurance that the debt will be repaid.
Who are first in line to be repaid if a company is dissolved?
creditors
How do you obtain insurance in NJ if your driving privileges in MN were suspended for parking tickets 8 years ago?
Pay what you owe and negotiate with an insurance broker for the best company and deal. Since you have repaid your debt and you had no moving violations or accidents this should be easy.
If a creditor loans money for a 5 year period during which there is intense deflation will his repaid loan buy more or less goods or services?
more
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
Who are first in line to be repaid if a company is dissolvedHow is the market cap determined?
creditors
What was wage slavery in company towns?
A system for holding workers to their jobs until debts were repaid
does a grant have to be repaid?
does a grant have to be repaid
If you have about 50000 of credit card debt that is 10 years old and you have not filed for bankruptcy does the debt still have to be repaid?
It depends on if the debt has been charged-off. Typicall after a debt is charged-off the original creditor has a specific time period depending on the state in which the debtor reside to file suit to obtain a judgment in order to force the repayment of the debt. If the time period mentioned above elaspes without the creditor filing suit then typically the answer would be that the debt does not need to be repaid. However, if you made partial payments to the creditor after the charge-off date you have started the clock over on that time period and the creditor get another chance. The best thing to do is contact a bankruptcy attorney for all the detail concerning the specifics of you particular situation.
How did the London Company attract more settlers to the Jamestown settlement?
the company hoped to be repaid in silver and gold from jamestown
