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Does a "unit" (debenture) have to be purchased in order to obtain insurance from AIM?
No. Effective May 15, 2000, AIM no longer requires new insureds to purchase a unit in order to meet one of the requisites of obtaining insurance. The purchase of "units" (debentures) was initially required to capitalize AIM and continued to insure that it maintained an adequate capital base. After many years of operation, AIM has achieved a very strong capital base and terminated the requirement for new insureds to purchase units.
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