A fund to protect policy owners in the event of an insolvency of an insurance company. Insurance companies contribute to this fund in order to be licensed to sell their products and the proceeds are used to pay policy holders in case the insurance company becomes insolvent. Although it is funded by insurance companies, the fund is administered by a U.S state and consequently, benefits and coverage limits varies from state to state.
Related information about state guaranty fund:
- State Guaranty Fund Definition | Investopedia
A fund administered by a U.S. state to protect policy holders in the event that an insurance company defaults on benefit payments or becomes insolvent.
- State Guaranty Fund Web sites | National Conference of Insurance ...
State Guaranty Fund Web sites. All 50 states and the District of Columbia are served by property and casualty guaranty funds. Below states which do not have a ...
- The untold story: state guaranty funds
Nov 6, 2006 ... Each state guaranty fund is structured uniquely with boards and assessments ( See chart, Net Annual Average Assessment) of companies ...
- What Are Guaranty Associations? / What Do They Cover? /
Every state guaranty fund covered at least $100,000 of cash value in the event of carrier insolvency, and Advantage Compendium found only three failed ...
- State Guaranty Funds - Financial Dictionary - The Free Dictionary
State Guaranty Fund. With these heightened public concerns, agents now find themselves facing increased questions about insurer balance sheets, fiscal ...
- Guaranty Fund - Financial Dictionary - The Free Dictionary
State Guaranty Fund ... within that state are protected because, if the company defaults on its payments, the state guaranty fund will pay the policyholder instead .
- New York State Guaranty Fund for Annuities and Life Insurance
The Office of General Counsel issued the following opinion on February 11, 2008 representing the position of the New York State Insurance Department.
- An Analysis of State Guaranty Fund Assessments for Property ...
An Analysis of State Guaranty Fund Assessments for Property/Casualty Insurers from. 1979-90. *. By: Daniel T Winkler, George B. Flanigan, and Joseph E.