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Article written for the local government financing community. Describes bond insurance, the insurers, how to purchase it, and feasibility.
site exerpt
Municipal Bond Insurance Issuers that meet certain credit criteria can purchase municipal bond insurance policies from private companies. The insurance guarantees the payment of principal and interest on a bond issue if the issuer defaults. Bond ratings are based on the credit of...Article discusses alternative risk transfer (ART) mechanisms as they relate to financial lines. Includes coverage of surety, financial guarantee, and structured credit.
http://www.irmi.com/expert/articles/clark005.asp