Key distribution partners, service providers and vendors provide important services to all lines of insurance companies. They may each perform critical functions, hold key data or process funds for insurance companies. Join lawyers from our Insurance and Restructuring & Insolvency practices as we discuss the basics of how an insurance company can protect its policyholder relationships, data and operations in the event of an unexpected bankruptcy or reorganization.
Topics will include due diligence and filing a proof of claim, implications of an automatic stay on recovering data or funds, regulatory implications of a bankruptcy filing by an agent, TPA or MGA, and strategies to stay informed on key distribution partners, service providers and vendors to identify if they are contemplating a bankruptcy filing.