Guaranty Funds

2 Posts
1 Sections
1 Types

October 3, 2023 5 min read Definitions

Guaranty Funds in General Insurance: What You Need to Know

Insurance Finance Law Insurance Guaranty Funds Insolvency Funds Consumer Protection State Regulations

Learn about guaranty funds, also known as insolvency funds, mandated by state law to protect policyholders when insurers are unable to cover debts or unpaid claims.

October 3, 2023 5 min read Definitions

Insurance Guaranty Act: Protecting Policyholders When Insurers Fail

Finance Insurance Consumer Rights Insurance Insolvency Policyholders Guaranty Funds Consumer Protection

Learn about the Insurance Guaranty Act, which ensures policyholders are protected in case their insurer becomes insolvent. This crucial act provides the necessary funds as a guaranty.