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Questions & Answers > General > What are the costs of the Rehabilitation and who pays for them?

The following questions and answers are provided to the general public for informational purposes only. They are not legal documents and do not bind the Segregated Account of Ambac Assurance Corporation, the Office of the Commissioner of Insurance, or the Rehabilitator to any position or interpretation of the rehabilitation court's orders in these proceedings, now or in the future. Interested parties should review the court documents available on this site and consult their own legal counsel with any questions they may have regarding any effect this rehabilitation proceeding may have on their legal rights and obligations.

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All costs will be borne by the Segregated Account, which is supported by the secured note and reinsurance policy from AAC. Taxpayer money is not being used to cover the liabilities of the Segregated Account or the administrative expenses of operating it.

Last updated on March 27, 2010 by Ambac Policyholders Administrator