The Hartford 2015 Annual Report Download - page 207
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Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
12. Commitments and Contingencies (continued)
F-76
Guarantees
In the ordinary course of selling businesses or entities to third parties, the Company has agreed to indemnify purchasers for losses arising
out of breaches of representations and warranties with respect to the business or entities being sold, covenants and obligations of the
Company and/or its subsidiaries following the closing. These obligations are typically subject to various time limitations, defined by the
contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential obligation is subject to contractual
limitations, while in other cases such limitations are not specified or applicable. The Company does not expect to make any payments on
these guarantees and is not carrying any liabilities associated with these guarantees.