Israel ondemand

 
OnDemand Policyholder protection funds
Levitan, Sharon & Co
  • Israel
  • May 12 2015

There is no protection fund system for insurance companies in Israel. However, there are alternative arrangements to protect policy holders, including the separation of long-term insurance from general insurance and the power of the insurance commissioner to appoint a special administrator for an insolvent insurer with the right to prioritise insureds over other creditors, subject to court approval.

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