You misunderstand me. I not not saying it is ok to take money and not provide a service. I am saying that it is more than likely that the service was actually provided. The AVP's bankruptcy would not effect whether or not the entity providing insurance coverage extended that coverage. Just because the insurance coverage you bought was called "AVPNEXT" doesn't mean they were underwriting the coverage.

For example, if someone had died at a tournament in 2009, and suffered one million dollars in damages that wasn't coming out of the AVP's pocket, it would be paid by an insurer.