Phrases with «guaranty funds»

"Guaranty funds" refers to money set aside by organizations or governments to ensure that people or entities are compensated in case of financial loss. These funds act as a backup or safety net, providing support and financial protection to those who may experience losses or damages. Full definition

guaranty funds

Sentences with «guaranty funds»

Though poential losses to policyholders would be unlikely to be large, assessments would be made to other insurer though the state guaranty funds in order to keep policyholders whole, but potentially at a cost to the other insurers. (alephblog.com)
The insurers are surplus lines carriers and are not backed by any state insurance guaranty fund if they become insolvent. (progressive.com)
States have guaranty funds in order to protect citizens if their insurance company goes out of business, but they may not cover the full face value of the policy. (usacoverage.com)
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Phrases with «guaranty funds»

Sentences with «guaranty funds»

See also