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Back to top In order for PP&CIGA to become responsible for the claims liabilities of a member insurer in Pennsylvania, a court of competent jurisdiction must issue a liquidation order with a finding of insolvency of the insurer.
* Credit insurance, vendors’ single interest insurance or collateral protection insurance or any similar insurance protecting the interests of a creditor arising out of a creditor/debtor transaction. * Workmen’s compensation and employer’s liability insurance.
Back to top After an Order of Liquidation with a finding of insolvency has been entered, cases are distributed by the Liquidator to the guaranty association where the insured resides or in the case of a business where they are principally located.
* Fidelity or surety bonds or any other bonding obligations. * Any insurance provided by or guaranteed by government.
* Mortgage, guaranty, financial guaranty or other forms of insurance offering protection against investment risks. * Any transaction or combination of transactions between a person, including affiliates of such person, and an insurer, including affiliates of such insurer, which involves the transfer of investment or credit risk unaccompanied by transfer of insurance risk.