We have visited the Web site of P & C Insurance Compensation Corporation:

http://www.pacicc.com

Here is a very instructive web site. Insurance company failures, although rare, can and do occur. That’s why Canada’s property and casualty (P & C) insurance companies fund a special program, approved by government regulators, to protect policyholders and claimants, up to specific limits.

You don’t need to apply for protection; it is extended automatically to eligible policies.

The PACICC’s web site, the industry-funded, non-profit Property and Casualty Insurance Compensation Corporation (PACICC), contains the following sections:

• Who we are and our role
• Members of PACICC
• What to do if your insurer fails
• Related links
• Announcements
• Annual report
• Bylaw & memorandum of operation
• Questions and answers

There is also a similar organism in case of failure of persons insurance, called COMPORP – Canadian Life and Health Insurance Insurance Compensation Corporation at .
 

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Readers, as well as insurance companies, associations, and entities are encouraged to let us know their Web page. We will be pleased to check it out and tell our readers about it.