Monday, June 11, 2007
Insurance Mysteries Unraveled
Imagine: Dad dies, leaving you with an old life-insurance policy issued by a company you don't recognize.
Your goal is to find out whether this company is operating today in some form, whether it was bought out, merged, or went kaput. Ultimately, you want to know whether the policy you're holding is still in force.
"Insurance companies just don't disappear," said Rhonda Orin, a policyholder's attorney and managing partner of Anderson Kill & Olick in Washington, D.C. "You can't end a company without recording it. There's a record somewhere. It's just a matter of finding the record."
Insurance Mysteries Unraveled
Source: Seattle Times
Your goal is to find out whether this company is operating today in some form, whether it was bought out, merged, or went kaput. Ultimately, you want to know whether the policy you're holding is still in force.
"Insurance companies just don't disappear," said Rhonda Orin, a policyholder's attorney and managing partner of Anderson Kill & Olick in Washington, D.C. "You can't end a company without recording it. There's a record somewhere. It's just a matter of finding the record."
Insurance Mysteries Unraveled
Source: Seattle Times
Permalink posted by armandn @ 12:07 PM 
 |
 |  |
  |
