Does this excerpt look like it possibly came from the email you saw, cyclone?
"Supplementary Product Disclosure Statement
*Effective 21st December 2011*
In the coming days your support office will receive a package
including a new Supplementary Product Disclosure Statement (SPDS).
This is a one page flyer that will accompany your current PDS. This
SPDS relates to the withdrawal of insolvency cover for ********* ******** (trading as *** *********).
Why has the Supplementary PDS been issued?
After a review of ********* ******** our re-insurer has withdrawn
cover for the airline. This means there will be no Travel Services
Provider Insolvency cover for ********* ******** for policies issued
on or after 21st December."
Courtersy of my friendly travel agent contact.
A little different from your understandings, tourisman/1a sa.