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In a recent statement, the American Insurance Association (AIA) expressed no plans at this time to seek financial assistance through the U.S. Treasury Department’s Capital Purchase Program (CPP). The Treasury is currently deliberating as to whether to include insurance companies under the CPP, which is part of the $700 billion emergency economic stabilization package approved by Congress. The primary purpose of the creation of the CPP is to inject capital into credit markets, preventing counterparty failure of such a magnitude as to pose a systemic risk to the financial system.

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