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Questions & Answers > Plan of Rehabilitation > What is 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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The Plan of Rehabilitation (the Plan) for the Segregated Account of Ambac Assurance Corporation (Segregated Account) is a document that details how holders of policies that have been allocated to the Segregated Account will be treated.

It was prepared by the Wisconsin Office of the Commissioner of Insurance (OCI) and filed on October 8, 2010 in the Dane County Circuit Court in Wisconsin, which has jurisdiction over the Rehabilitation Proceeding. 

Last updated on October 8, 2010 by Ambac Policyholders Administrator