| Service of Process on Insurer |
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| In order for an insured or any other party to sue an insurer, a court must obtain personal jurisdiction over the insurer. To accomplish this, an insurer must be served with process in a proper manner. There are several methods of serving an insurer.More... |
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| Insurer Insolvency Proceedings |
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| The insurance industry is heavily regulated in order to protect insureds, creditors of insurers, and the general public. Such protection is needed due to the potential for insurers to become insolvent. Extensive statutes have been enacted in relation to the operation and solvency of insurers. Their provisions relate to the types of proceedings that may be initiated in response to an insurer's financial difficulties. Such proceedings include summary and delinquency proceedings.More... |
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| Insurer Liquidation |
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| An insurer may encounter such financial difficulties that render it unable to continue its business. In such a case, the insurer may be liquidated so that the interests of its insureds, its creditors, and the public are protected.More... |
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| Financial Guaranty Insurance |
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| Financial guaranty insurance imposes on an insurer the obligation to pay the financial obligations of a borrower to a creditor if the borrower defaults in payment.More... |
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| Professional Liability Insurance - Errors and Omissions Policies |
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| Professional liability policies, also called errors and omissions (E&O) policies, are purchased by professionals to protect themselves from liability arising from their performance of professional services. E&O policies are typically purchased by those in the medical, legal, and banking professions, but policies may be issued for many other professions. Directors and officers liability policies are also included within the scope of professional liability insurance, but this article focuses on E&O policies.More... |
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