That could be true of any funds held overseas, depending how the particular financial institution operates. For that matter, insurance companies could take several days to approve or pay out medical coverage amounts - and might refuse to pay for anything. There are no sure things. They could protect against that by just requiring a multiplier if funds are in liquid securities rather than cash - say, $500k (or even $1M) in brokerage assets as a substitute for the $100k in cash. Any widely traded security can be turned into cash virtually overnight in the US, and I'm sure a body called the "Board of Investment" understands that. But as you say - TIT 🤷
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