Plan of Rehabilitation Questions & Answers > Rehabilitation > Is the policyholder still responsible for paying installment premiums to AAC Assurance Corp. (AAC) on policies allocated 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.
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Yes, installment premiums must still be paid in order to continue coverage under policies allocated to the Segregated Account. There are no changes to how you make your premium payments.
Last updated on October 7, 2010 by Ambac Policyholders Administrator
