Did you know every state has a «state guarantee association» that provides millions in aid to a struggling life insurance company to avoid it going belly up? (insuranceblogbychris.com)
Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. (animalleague.planmylegacy.org)
Guarantee Association with S. Gage, Bad Faith Law Update Vol. (michels-lew.com)