Examples of Guaranty association in a sentence
And, as noted below, this protection is not a substitute for consumers’ care in selecting companies that are well-managed and financially stable.The North Carolina Life and Health Insurance Guaranty association may not provide coverage for this policy.
Guaranty association" means the Maine Insurance Guaranty Association established by chapter 57, subchapter III, the Life and Health Insurance Guaranty Association established by chapter 62 and any other similar entity created by the laws of this State for the payment of claims of insolvent insurers.[PL 1991, c.
Assets held in trust and on deposit for the security or9 benefit of all policyholders or all policyholders and creditors, in10 more than a single state, shall be treated as general assets.11 "Guaranty association" means the New Jersey Life and Health12 Insurance Guaranty Association created in subsection a.
Guaranty association" means the Maine Insurance Guaranty Association established by chapter 57, subchapter III, the Life and Health Insurance Guaranty Association established by chapter 62 and any other similar entity created by the laws of this State for the payment of claims of insolvent insurers.[ 1991, c.
Coordination of Guaranty Association Responses Guaranty association coverage responsibilities under current law are determined by the residence of the covered person: A covered person is protected by the guaranty association of the jurisdiction where the person resides, even though the insurer whose liquidation triggers the association’s coverage responsibility may be domiciled in a different jurisdiction.