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Questions & Answers > Plan of Rehabilitation > When will the Plan become effective?

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 will become effective as soon as certain conditions set forth in the Plan have been satisfied, including, but not limited to, entry of the confirmation order, receipt of a No-action Letter from the SEC, and the signing and delivery of certain documents important to the Plan process.

Last updated on October 8, 2010 by Ambac Policyholders Administrator