Posted by Kai Harris 2 years ago In:

Kai Harris
Kai Harris Asked:

What is the Guaranty Fund?

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Answers

daltion
daltion Answered:

Most states have guaranty funds to help pay the claims of financially impaired insurance companies. State laws specify the lines of insurance covered by these funds and the dollar limits payable. Coverage is usually for individual policyholders and their beneficiaries and not for values held in unallocated group contracts. Most states also restrict insurance agents and companies from advertising the funds’ availability.

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