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cedped t1_j9ntpio wrote

Reply to comment by BobBelcher2021 in Magnitude 7.2 earthquake strikes Tajikistan, near border with China by Papppi-56

and I'm 100% sure they'll find a way to weasel their way out from paying you if there is an earthquake. Either that or they'll delay it infinitely until they declare bankruptcy.

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KINK_KING t1_j9p5ags wrote

Looks like insurance companies are excepted from the Bankruptcy Code under 11 U.S.C. § 109(b). I don’t know anything about insurance codes, but state law controls. Probably go into receivership and if liquidated, a fixed payout from the state guaranty association for policy holders (similar to state version of FDIC for banks, depending on state).

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