Questions About Debentures
||Does a "unit"
(debenture) have to be purchased in order to obtain insurance from
||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 ten
years of operation, AIM has achieved a very strong capital base and
terminated the requirement for new insureds to purchase units.
All debentures were redeemed in May 2007.