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Sentences with phrase «guaranty association act»
The National Association of Insurance Commissioners has proposed the State Life and Health Insurance
Guaranty Association Act
.
https://en.wikipedia.org/
Guaranty associations act
as a sort of last resort: An insurer can't pay what's needed from their reserves, and they can't cover everything even with their reinsurance, so a guaranty association steps in.
https://www.policygenius.com/
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