Non-admitted carriers are a risky proposition as they neither offer nor guarantee such protection For example, your insured claim will most likely remain unpaid, in the event of bankruptcy or insolvency, as such carriers are not protected by «The California State Guarantee Fund». (autoquotenow.com)
They are not members of the U.S. state guarantee funds. (choicemutual.com)
The company started out as Golden State Guarantee Fund Insurance Company, it's founders, William Nickerson, Jr., Norman Oliver Houston and George Allen Beavers, Jr., were armed with $ 17,800 in assets, a small office space in Central Avenue and an army of dedicated agents. (usacoverage.com)