PCF extends payment suspension to policyholders, creditors by three insurers
The three companies have been under statutory management since March, with the PCF appointed to manage their affairs.
On September 22, the Policyholders Compensation Fund (PCF) announced an extension of payment suspensions by Corporate Insurance Company, Trident Insurance Company, and KUSCCO Mutual Assurance Company, each for an additional two months. This decision, effective from September 10, 2026, applies to policyholders, claimants, and creditors of the three insurers.
The suspension began on March 10, 2026, when the PCF took over the insurers' management due to their financial instability and failure to meet solvency requirements. The PCF, appointed as the statutory manager, is currently evaluating the insurers' financial status, liabilities, claims, and outstanding obligations.
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