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State 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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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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. This settlement is conditioned upon its adoption by at least 35 of the remaining 43 states and the District of Columbia by March 1, 2011, and settlements of AIG's pending litigation with insurer members of the workers compensation residual market and separate claims by insurance guaranty funds. DID YOU KNOW MOST STATE GUARANTY ASSOCIATIONS, in the case of an insolvent property/casualty insurer, will pay to a limit of $300,000, according to the National Conference of Insurance Guaranty Funds. |
Guaranty Funds |
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