A model regulator of a secure and developed insurance industry

WHAT HAPPENS TO MY POLICY IF AN INSURANCE COMPANY COLLAPSES?

If a company collapses or is de‐licensed, it operates on a run‐off basis. The company will continue to operate without taking on new business until its wound up or is again re‐ licensed. The policyholders are fully safeguarded by the IRA during that period of run‐off and the company will meet all its obligations with the clients.

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