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What does it mean for ACA to be a run-off company?

April 26, 2017ACA COMPANY mean run-off

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What does it mean for ACA to be a run-off company?

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Following the restructuring, the Company is operating as a run-off company, overseeing its remaining portfolio of public finance exposures of approximately $7 billion. This means the Company will not issue any new insurance policies without prior written consent of the MIA. However, the Company continues to guarantee timely payment of principal and interest when due on its remaining portfolio of public finance exposures.