Definition and meaning of Liquidation of Insurer :
Liquidation of Insurer: Action undertaken by a state Insurance Department to dissolve an impaired or insolvent insurer which cannot be restored to sound financial standing. Contrast with Rehabilitation of Insurer.
Definition and meaning of Liquidation of Insurer :
Liquidation of Insurer: Action undertaken by a state Insurance Department to dissolve an impaired or insolvent insurer which cannot be restored to sound financial standing. Contrast with Rehabilitation of Insurer.
Definition and meaning of liquidity margin of safety :
liquidity margin of safety: The ratio of liquidity resources (liquid investments, net operating cash flow, risk-adjusted soft capital) to liquidity exposure (unanticipated defaults on principal and interest, unanticipated draws on DSR surety policies, and municipal investment contracts (MICs) and deal-specific liquidity.)
LIQUIDATION: Enables the state insurance department as liquidator or its appointed deputy to wind up the insurance companyÕs affairs by selling its assets and settling claims upon those assets. After receiving the liquidation order, the liquidator notifies insurance departments in other states and state guaranty funds of the liquidation proceedings. Such insurance company liquidations are not subject to the Federal Bankruptcy Code but to each stateÕs liquidation statutes.
ELIXIRS - the liquid that a crystal/gemstone has been placed in over a period of time. When the stone/crystal is removed, the liquid is said to carry the essence of it. Elixirs, also known as tinctures, are usually used for healing purposes by drinking it.