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What happens when a company becomes insolvent?

April 26, 2017COMPANY happens insolvent

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What happens when a company becomes insolvent?

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Oregonians who buy most kinds of insurance sold in the state are protected if an insurance company becomes insolvent. When a company is insolvent, it is unable to pay the costs of doing business. Two funds provide this protection: the Oregon Life and Health Insurance Guaranty Association (OLHIGA) and the Oregon Insurance Guaranty Association (OIGA).