ABSTRACT
In the first case, the firm responsible is no longer in any position to settled valid claims. The policyholder’s interest can only be protected by an alternative source of funding.
In the other three cases, it is not a matter of the firm being unable to meet their responsibilities but unwilling. This can be resolved by the courts in many cases, but in view of the huge number of policies written each year, it is certainly desirable that a quick, cheap forum is available for any disputes to be settled.
