• 2/17/2009: MBIA Illinois¹ Reinsurance Agreement,
  Effective January 1, 2009 (Amended and restated on 3/11/09 to incorporate comments received from the rating agencies)
  • Covered Policies: (excerpted from Section 2.01 of the Reinsurance Agreement) This Agreement shall coverall insurance policies in effect as of the Effective Date and issued or reinsured by the Company prior to the Effective Date that provide insurance against financial loss by reason of nonpayment of obligations arising under Issues sold or created by Issuers and characterized by the Company as United States public finance business, other than policies reinsured by the Company under the FGIC Reinsurance Agreement (collectively, the “Covered Policies”).
• 2/17/2009: New York State Insurance Department Approval Letter for the Request From MBIA Insurance Corporation and related subsidiaries and affiliates for the approval of transactions under Articles 13, 14, 15, 41, 69 and 71 of the New York State Insurance Law
• 2/17/2009: FGIC Assignment Agreement to MBIA Illinois¹ Effective January 1, 2009
• 2/17/2009: MBIA Illinois¹ Second-to-Pay Policy for MBIA Insurance Corp. Policyholders Effective January 1, 2009
• 2/17/2009: MBIA Illinois¹ Second-to-Pay Policy for FGIC Policyholders Effective January 1, 2009
• 2/18/2009: MBIA Establishes Separate Public Finance Bond Insurance Company and Advances Transformation Strategy

¹MBIA Illinois has been renamed National Public Finance Guarantee Corporation (“National”)