Insolvent

by lakemen » Sat Jul 08, 2006 06:30 am
Posts: 1260
Joined: 18 May 2005

Insolvent

Having insufficient financial resources to meet financial obligations.

Total Comments: 5

Posted: Tue Dec 18, 2007 01:31 am Post Subject:

Like not being able to pay off debts or keep up with insurance premiums?

Posted: Thu Dec 20, 2007 07:15 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.

Posted: Tue Dec 25, 2007 06:09 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

Posted: Wed Dec 26, 2007 02:27 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.

Posted: Sat Jan 05, 2008 08:15 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.

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