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HOW IS PP&CIGA TRIGGERED?

pp&ciga triggered
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HOW IS PP&CIGA TRIGGERED?

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In order for PP&CIGA to become responsible for the claims liabilities of a member insurer in Pennsylvania, a court of competent jurisdiction must issue a liquidation order with a finding of insolvency of the insurer. The Department of Insurance or a court-appointed liquidator controls the assets of the estate of the insolvent insurer. PP&CIGA does not have direct access to the assets of the estate. PP&CIGA actually becomes a creditor against the estate.

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