The utility's
bond insurers also agreed to buy $ 128 million in new bonds that will help the utility keep operating.
Not exact matches
If
bonds are
also insured as to the timely payment of principal and interest, no representation is made as to the
insurer's ability to meet its commitments
The Capital Base included in CPR is
also likely to be overstated because the investment assets of the
bond insurers consist primarily of
bond insurer guaranteed obligations that are valued inclusive of the guarantee, when they should be valued on an unwrapped basis.
Cumberland is a unique firm in that it both acts for investors as an independent total return
bond manager and
also advises municipal borrowers and
insurers in structuring offerings.
We
also act for
Insurers in fidelity and surety
bond claims, in advancing subrogated claims, and as class action monitoring counsel.
Although it's true that most types of permanent life offer guaranteed growth and protection from the fluctuations of the stock market, it's
also true that historically (even factoring in the Great Recession) the stock market outperforms the
bond market that
insurers typically invest in.
In most cases, you are required to lodge an FIR, place an advertisement in the newspapers and
also provide the
insurer with an indemnity
bond on stamp paper.
Life
insurers invest primarily in corporate
bonds but
also significantly in corporate equities.
You can
also post a
bond or qualify as a self -
insurer if you choose not to have insurance.
Some
insurers will
also accept an indemnity
bond or declaration from you to issue a duplicate policy.