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Can insurance companies access your bank account? |
My freind got in a car accident and now he is being sued. He has small investments in mutual funds. Can the other oarty insurance company access his bank accounts and investment and find out exactly how much money he is worth? If the person is being sued, the insurance company most likely has legal representative and may request that your friend relinquish personal financial information. However, it does not really matter because once sued and if the person that is suing wins their suit, you must pay. If there is an inability to pay because of limited assets, the courts will set up a payment plan to the suing party (depending on state). |
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