How to check the financial health of defendant's insurer

• Author: David Frangiamore
• Pages: 333-340

FINANCIAL HEALTH OF

DEFENDANT’S INSURER

5A-1

CHAPTER 5A

HOW TO CHECK THE FINANCIAL

HEALTH OF DEFENDANT’S INSURER

By Kevin M. Quinley, CPCU, AIC, ARM, Senior Vice President, Medmarc

Insurance Group, Chantilly, VA. and updated by David Frangiamore

§500A IN GENERAL

§505A THE PROBLEM OF THE GLOBAL ECONOMY AND THE

CONSOLIDATION OF FINANCIAL SERVICES FIRMS

§510A INSURER RATING SOURCES

§520A RATING RESOURCES

§530A IRIS TESTS

§540A A PRIMER ON INSURER INSOLVENCY

§550A WHAT TO DO WHEN WARNING SIGNALS FLASH

§560A HOW TO SECURE FUNDS BEFORE THE INSURER GOES INTO RECEIVERSHIP—

MAKE THE INSURER POST A BOND

KEY POINTS TO REMEMBER