Insolvent

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Author

Posted: Sat Jul 08, 2006 6:30 am Post subject: Insolvent

Insolvent Having insufficient financial resources to meet financial obligations.

lakemen

Site Admin

Joined: 18 May 2005
Posts: 1279

319.21 Dollars($)

Posted: Tue Dec 18, 2007 1:31 am Post subject:

Like not being able to pay off debts or keep up with insurance premiums? _________________ I have a new personal crusade. I'm going to hunt down the people who have strong opinions on subjects they don't understand. Then I'll bop them with this cardboard tube.- Dogbert I ain't a legal expert, take what I say with a grain of salt.

Quenlin

Preferred member

Joined: 13 Dec 2007
Posts: 193

Location: US
1.68 Dollars($)

Posted: Thu Dec 20, 2007 7:15 pm Post subject:

Sounds like a common problem in our society, I know this is not just an insurance issue, look at the mortgage industry and all the foreclosures going on with people, so these people would fall under "Insolvent" Not having enough money or financial resources to cover mortgage or any other debt.

dreamer

Senior member

Joined: 13 Dec 2007
Posts: 207

50.09 Dollars($)

Posted: Tue Dec 25, 2007 6:09 pm Post subject:

well, my friend you are not the only one who is dealing with this problem.... look around you and you will meet thousands with this problem.... have a chat with them _________________ INDIAN_TUSHAR Earn Money Here.. www.indiancashmaker.in

tusharagg87

Senior member

Joined: 23 Dec 2007
Posts: 207

Location: india
12.81 Dollars($)

Posted: Wed Dec 26, 2007 2:27 am Post subject:

It is part of the economy, price of gasoline has gone through the roof and you feel it everywhere, price of food, price of clothing and it costs us alot more to go to work these days. Hopefully things will improve soon, thank goodness it has been a mild winter so far.

dreamer

Senior member

Joined: 13 Dec 2007
Posts: 207

50.09 Dollars($)

Posted: Sat Jan 05, 2008 8:15 pm Post subject:

Insolvent means the insurance company is unable to meet it's financial obligations - they are unable to pay their claims of their policyholders. However, insolvency does not relieve the insurance company of its obligations under an insurance contract. _________________ Learn how term life insurance works and compare free, instant term life insurance quotes at http://www.term-life-online.com