Ai BA Insurance has one reinsurance agreement with Alpha Re which contains an insolvency clause. BA has been failing financially and is currently in the process of liquidation by the state insurance department. Concerning BA's remaining contractual relationship with Alpha Re, which one of the following best explains this situation? Available answer options Select only one option A The state insurance department liquidator takes over the control and authority for paying the remaining claim amounts to policyholders. B As all states require the insolvency clause in their reinsurance contracts, BA will receive the same treatment in this situation no matter where the company is domiciled. C The insolvency clause mandates that Alpha Re will pay its financial obligations as long as BA has paid its obligations to the underlying policyholders. D BA still retains control and authority for settling and paying the remaining claim amounts due to its policyholders