(9) Failure to provide required disclosures, such as explanation of benefits statements, coverage issues, fraud warnings, free-look periods, right of appeal or
guaranty fund notices
Ekren said the most important measure they would take in the future would be the support package for the real sector which included increasing efficiency of the credit
guaranty fund, introduction of an incentive mechanism for sectors and regions and restructuring of companies.
Currently, agents are prohibited from discussing the Florida Insurance
Guaranty Fund with their customers.
Perhaps nothing better reflects public policy's virtues and inherent challenges than the state property and casualty
guaranty fund system.
UnitedHealth can pay the $350 million Penn Treaty
guaranty fund assessment over several years, and it hopes to recover much of the charge through state insurance premium tax credits over time, according to David Wichmann, the company's president.
The new law makes three significant changes to the
guaranty fund statute.
He said that Workers Compensation benefits provided by insurance are backed by a state
guaranty funds, so that, if an insurer goes insolvent, the
guaranty fund, which is financed by all carriers participating in that state, will ensure the payment of claims.
The Members' Equity Value, Accumulated Retained Earnings and
Guaranty Fund will be invested with CISP.
Mike Bell, Norman, was appointed to serve as a member of the Self-Insurance
Guaranty Fund Board for the remainder of a term expiring Nov.