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State Guaranty Fund
(redirected from Guaranty Fund)

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State Guaranty Fund
A fund administered by the government of a U.S. state protecting policyholders and pensioners from the default of an insurance company. That is, if an insurance company is licensed to operate in a given state, policyholders within that state are protected because, if the company defaults on its payments, the state guaranty fund will pay the policyholder instead. Insurance companies pay a small percentage of their revenues to different states to finance state guaranty funds.
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Based on the rules governing the re-house firms, each new outlet of the re-house firms has to turn in operating guaranty of NT$250,000 (US$8,065) to the Real Estate Agents Transaction Guaranty Foundation and at the end of 2010 such guaranty funds accumulated to NT$13.
Number of Taiwan's re-house firms hit record high of 5,806 in 2010 by Li, Judy / The Taiwan Economic News
The residual market and guaranty fund claims arise from the under-reporting of workers compensation insurance premium by AIG and its impact on the assessments charged others for the operation of the residual market and guaranty fund systems.
AIG to Pay $100 Million in Fines Under Multi-State Settlement in ... by PR Newswire
The guaranty fund may pay the policyholder a portion of this unearned premium.
Online Auto Insurance Emphasizes Value of Choosing the Best-Rated ... by PR.com (Press Releases)
 
 
 
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