Questions & Answers > Policyholders (7 entries)
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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Swap dealers, municipal and other swap counterparties and/or their advisors should contact Ambac Assurance directly at [email protected] to determine what courses of action may be available to them in connection with ...
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For additional questions click here or call the Ambac Policyholder Hotline at 1-877-301-2046. Please check here for future updates about how the Plan of Rehabilitation may affect your policy.
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If a policy allocated to the Segregated Account covers a performing asset, you will continue to receive payments based on the underlying performing asset as before. However, the majority ...
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Payment periods will vary. Once the distribution process has begun, policyholders will be compensated as claims become due, subject to the terms of the Plan of Rehabilitation, once it is approved ...
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All policies will continue in force; however, OCI anticipates that any claims arising in the future will be payable partially in cash and partially in deferred payment obligations pursuant to the ...
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All policies will continue in force; however, OCI anticipates that claims will be payable partially in cash and partially in notes pursuant to the Plan of Rehabilitation, once it is approved. ...
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The policies insuring bonds issued for the Las Vegas Monorail will be transferred to Segregated Account. After the moratorium period, it is anticipated that these policyholders will receive a ...