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What is "net worth"?

Insureds whose net worth exceeds $25 million on December 31 of the year next preceding the date the insurer becomes an insolvent insurer, provided that an insureds's net worth on such date is deemed to include the aggregate net worth of the insured and all of its subsidiaries as calculated on a consolidated basis. These insureds will be required to reimburse the OIGA for losses and expenses relating to claims paid on their behalf.



faq | by Dr. Radut