NEW YORK--(BUSINESS WIRE)--Financial Guaranty Insurance Company (“FGIC”) announced that the Superintendent of Financial Services of the State of New York, in his capacity as the court-appointed rehabilitator of FGIC, has determined the conditions to the effective date of the Plan of Rehabilitation for FGIC (the “Plan”) have been satisfied and accordingly, the Plan has become effective and the Rehabilitation Proceeding is terminated.
Information about FGIC’s plan of rehabilitation, including copies of the Plan, is available at FGIC’s Policyholder Information Center www.fgic.com/policyholderinfocenter/.
FGIC is a wholly owned subsidiary of FGIC Corporation, an insurance holding company. Please visit www.fgic.com.
This notice contains “forward-looking statements” – that is, statements related to possible future events. Forward-looking statements often address expectations and beliefs as to future performance, results and business plans. You should not place undue reliance on forward-looking statements because they speak only as of the date they are made and are necessarily subject to risks and uncertainties that could cause actual results and performance to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are based upon FGIC management’s current expectations and beliefs concerning future events. FGIC undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.