Unless the policyholder paid premiums with fake(counterfeit) money, they should make the company pay the claims, because they made them believe it was a real policy!
I agree, but if the “company” just doesn’t have the money, they don’t have it. Yes, seize that company’s assets, but if its only worth $250k, but they have $500k in claims, the insured’s shouldn’t be punished. You can’t get blood from a turip.
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Unless the policyholder paid premiums with fake(counterfeit) money, they should make the company pay the claims, because they made them believe it was a real policy!
I agree, but if the “company” just doesn’t have the money, they don’t have it. Yes, seize that company’s assets, but if its only worth $250k, but they have $500k in claims, the insured’s shouldn’t be punished. You can’t get blood from a turip.