That's skewing the point altogether!! WOW! Lets stay focussed lol The insurance policy minimizes the risk to the bond holders, Bond insurance is transferred and diminished risk...
$$ from the Bond itself is used by the company for the company as set out in its prospectus to build the company for which the contributors to the INSURED BOND invested in following their own personal DD over and above the insurer of the bond also ;-)
Do you think they can make that interest payment with that insurance policy or pay the electric bill with the insurance policy?