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Questions & Answers > General > Why are claims payments suspended prior to approval of the Plan of Rehabilitation?

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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OCI has implemented a temporary moratorium on claims payments to Segregated Account policyholders to provide a measured transition into rehabilitation and to conserve claims-paying resources while the Plan of Rehabilitation is finalized.

Last updated on March 27, 2010 by Ambac Policyholders Administrator