"Just so we all understand, selling the policy to a secondary insurer shifts the risk of loss to the new insurer, correct?"
Although a new insurer may be able to provide good coverage, it does not have a record to examine.
The addition of new insurers in this area have increased the availability of domestic cover for companies.
And there is no guarantee that the new insurer will offer the same terms to existing customers.
It was not clear whether the company has obtained a new insurer.
In the 1940s Congress passed legislation that supported the new third-party insurers.
It was not clear whether City Express of Brooklyn had obtained a new insurer.
But after that, under the state plan, former HIP patients will have to abide by the rules of their new insurers.
The couple were not able to find a new insurer until they persuaded their son Shannon, a railroad conductor, to join them.
Under the plan, those syndicates would pool their $6 billion in reserves into a single new insurer to be set up by Lloyd's.