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Finance 431: Property-Liability Insurance - page 8 / 35

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Who Benefits from Insurance?

Asset-Backed Issuers

Higher ratings on bonds and securities allow for lower interest payments and thus lower borrowing costs to issuers.

Municipal Issuers

Higher ratings leads to a decrease in financing costs.

Small municipal issuers receive ratings of bond insurer instead of having to file for expensive agency ratings.

Helps marketability of lesser known issuers: local town agency.

Taxpayers

Tax-exempt features on municipal bonds saves a lot of money for taxpayers.

Investors

Guaranteed to receive interest payments and principal in the event of the issuer defaulting.

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