In many western countries insurance companies must keep quite a large percentage of policy payment revenue in a special account where the money can be withdrawn only to pay claims. Does anyone know what is the situation here in the D.R. I ask because if I take an insurance against an earthquake, I'm somewhat doubtful I'll actually get paid if there's a massive earthquake with massive damage all through-out Santo Domingo or Santiago. I'm guessing that at that point the insurance companies here will default on their payments as the amount of claims could overwhelm them.
Anyone have any facts?
:ermm:
Anyone have any facts?
:ermm: