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Identify the company that went insolvent in 2000 after the insurance company's directors unlawfully used money from people holding guaranteed annuity rate policies to subsidize people with current annuity rate policies .
Equitable Life Assurance Society
Current Score 1/1 (100%) 43 Questions Remain
Though never technically insolvent, the UK government set up a compensation scheme for policyholders under the Equitable Life (Payments) Act 2010.
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The correct answer was Equitable Life Assurance Society