Company Information

Get to know Affirmative Insurance Holdings

Founded in 1998 and headquartered in Addison, Texas, Affirmative Insurance Holdings, Inc. operated as a provider of non-standard personal automobile insurance. The company targeted individuals who had difficulty obtaining standard insurance due to their driving records, credit history, or other factors. It distributed its products through a network of independent retailers and a smaller number of company-owned retail locations. After facing significant financial difficulties, the company and its insurance subsidiaries were declared insolvent and placed into liquidation by state regulators in September 2015.

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Affirmative Insurance Holdings

United States

Founded in

1998 (28 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.