Questions & Answers > General > Why do my premium payments go to AAC if my policy has been moved to the Segregated Account?
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.
Search the FAQ for entries containing:While certain policies have been allocated to the Segregated Account, AAC 's General Account will continue to administer the policies, including collecting premiums. Any installment premiums received by AAC's General Account in conjunction with Segregated Account policies have been pledged to secure the General Account's obligations to the Segregated Account. (For more information, please see Exhibit G and Exhibit H to the Verified Petition for Order of Rehabilitation, available in the Court Filings section.)
Last updated on April 5, 2010 by Ambac Policyholders Administrator
