Sentences with phrase «guaranty fund»

Equally, since Maryland's Guaranty Fund (which licensed contractors fund through the fees we pay) does not offer the opportunity for restitution to those who own more than three properties, investors here have no incentive from a compliance standpoint to hire licensed contractors, and many don't.

Bitcoin futures will fall into CME's Base Guaranty Fund for futures and options on futures, as any newly listed futures.

In each state their is a State Guaranty Fund that provides security for up to $ 300,000 per life insuranc epolicy, usually.

There are certainly horror stories out there of people who ended up having to go to the state guaranty fund to get their claims paid after an insurance company was declared insolvent.

Arizona Life & Health Insurance Guaranty Fund - State guaranty associations are there to provide protection and continuing coverage, even in the event that a insurance company becomes insolvent.

Either the insurance company or the guaranty fund will begin to instruct what the next steps will be, as you don't want to stop making payments on the policy.

What the guaranty fund covers is if something did happen to your insurance company, and it became insolvent.

Every state has an insurance guaranty fund that will pay some claims if the insurance company goes bust.

These include: The Virginia Department of Insurance, Virginia Life and Health Insurance Guaranty Fund, and Virginia Life Insurance Company Ratings.

The insurers are surplus lines carriers and are not backed by any state insurance guaranty fund if they become insolvent.

Claims under this insurance may not be made against any state guaranty fund.

Guaranty association otherwise known as state guaranty fund is the safety net provided by the state to the policyholders to ensure that they will be financially protected in case their insurer is declared insolvent.

Thanks to Peter Birnbaum» 83, president and CEO of Attorneys» Title Guaranty Fund Inc. (ATG).

We are members of Attorneys Title Guaranty Fund, and as such can fully serve your needs and protect your family's largest investment.

The list of Permitted Cover accepted by ICE Clear Singapore to cover original margin and guaranty fund requirements is limited to cash and securities that demonstrate low credit, liquidity and market risk.

The living buy up the pieces of the dead that are attractive, and kick money into the guaranty fund.

The dead are seized and sold off, with the guaranty fund taking a hit, as well as any investors in the operating company getting wiped out.

When it comes to the US, specialty insurance companies are non-admitted, which means they don't participate in the state guaranty fund and have overall less regulations.

To learn more about what your state's guaranty fund association covers, click here for a full list of each state's guaranty fund association and their websites.

Each state has it's own «insurance guaranty fund», which would help you recover your insurance pay out if an insurance company became insolvent.

While there's little reason to fear a catastrophic loss of pensions — Ontario retirees do have the Pension Benefits Guaranty Fund after all — it's prudent never to put all your eggs into a single basket, whether it be a single corporate pension, government benefits like CPP or OAS, or personal savings.

There are certainly horror stories out there of people who ended up having to go to the state guaranty fund to get their claims paid after an insurance company was declared insolvent.

Every New Yorker who pays for home, auto or business insurance would foot the bill: In the event of PRI's demise, its unpaid claims would be paid by the state's insurance company guaranty fund, with the cost ultimately passed on to policyholders statewide.

Estimating that hospitals alone are owed $ 165 million, the Greater New York Hospital Association is pushing for state lawmakers to create a so - called guaranty fund, financed through a tax on health insurance, which would reimburse providers for attributable to the Health Republic collapse and to any future insurance company failure.25

Insurers pay into a property and casualty guaranty fund that in essence operates as an insurance pool for insurance companies.

If PRI lost enough business and became insolvent, any outstanding claims would be paid out of a state property and casualty guaranty fund that is funded by insurance companies — which in turn get the money from their ratepayers.

As budget negotiations move into high gear, and calls for the creation of an insurance Guaranty Fund take to the airwaves, the state Conference of Blue Cross and Blue Shield Plans is counter-punching, saying the creation of a fund is yet another hidden tax on health insurance.

«Rather than a guaranty fund tax, to address the immediate problem we would propose use of state dollars analogous to the state funds being used to bail out failing hospitals in New York.»

Such risks and uncertainties include, but are not limited to: our ability to achieve our financial, strategic and operational plans or initiatives; our ability to predict and manage medical costs and price effectively and develop and maintain good relationships with physicians, hospitals and other health care providers; the impact of modifications to our operations and processes; our ability to identify potential strategic acquisitions or transactions and realize the expected benefits of such transactions, including with respect to the Merger; the substantial level of government regulation over our business and the potential effects of new laws or regulations or changes in existing laws or regulations; the outcome of litigation, regulatory audits, investigations, actions and / or guaranty fund assessments; uncertainties surrounding participation in government - sponsored programs such as Medicare; the effectiveness and security of our information technology and other business systems; unfavorable industry, economic or political conditions, including foreign currency movements; acts of war, terrorism, natural disasters or pandemics; our ability to obtain shareholder or regulatory approvals required for the Merger or the requirement to accept conditions that could reduce the anticipated benefits of the Merger as a condition to obtaining regulatory approvals; a longer time than anticipated to consummate the proposed Merger; problems regarding the successful integration of the businesses of Express Scripts and Cigna; unexpected costs regarding the proposed Merger; diversion of management's attention from ongoing business operations and opportunities during the pendency of the Merger; potential litigation associated with the proposed Merger; the ability to retain key personnel; the availability of financing, including relating to the proposed Merger; effects on the businesses as a result of uncertainty surrounding the proposed Merger; as well as more specific risks and uncertainties discussed in our most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.cigna.com as well as on Express Scripts» most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.express-scripts.com.

Guaranty fund assessment expense of approximately $ 54 million pretax, or $ 0.23 per diluted common share, to support the policyholder obligations of Penn Treaty (an unaffiliated long - term care insurance company); GAAP measures affected in this release include consolidated pretax income, EPS, and consolidated operating cost ratio.

Guaranty fund assessment expense of approximately $ 54 million pretax, or $ 0.24 per diluted common share, to support the policyholder obligations of Penn Treaty (an unaffiliated long - term care insurance company).

I can't be totally certain here, but I suggest that all major state insurance regulators should send Ben Bernanke, Tim Geithner, and Hank Paulson some really nice gifts, because had AIG's life companies failed, the state guaranty funds would have been hard pressed to come up with something north of $ 10 billion by surcharging the other insurance companies doing business in each state.

Their policy holders were not left out in the cold altogether — most states have guaranty funds for exactly this purpose, making sure that claims are paid.

Given the project that I am currently working on, I can't reveal the name, but the guaranty funds would be more than capable of handling the failure.

Life insurer insolvency means the pension is at risk, subject to the limits of the state guaranty funds.

MYGAs are backed primarily by the issuing insurance company, and additionally by State Guaranty Funds

Given that MYGAs are not backed by the FDIC and instead by state guaranty funds, it's an important factor to consider.

Some policyholders get soaked as well, as most state guaranty funds limit covered payments to $ 300,000.

http://t.co/HfuZO3QO Probably not; small annuitants have protection from guaranty funds $ $ Mar 21, 2012

Fixed annuities offered by legal reserve life insurance companies like Liberty Bankers are further protected by various state insurance department guaranty funds.

If not, the guaranty funds will pick up the slack.

I can't be totally certain here, but I suggest that all major state insurance regulators should send Ben Bernanke, Tim Geithner, and Hank Paulson some really nice gifts, because had AIG's life companies failed, the state guaranty funds would have been hard pressed to come up with something north of $ 10 billion by surcharging the other insurance companies doing business in each state.

Their operation life insurance companies are likely healthy, but if not, the State Guaranty funds are around to protect things.

Good thing, given that the Confederation insolvency would kill of my line of business two ways: 1) charges from the 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.

Assessments and other surcharges for guaranty funds and second injury funds and other mandatory pooling arrangements may reduce our profitability.

The state guaranty funds will likely protect you if your policy is underneath the coverage limits, but still it is a bother.

With credit risk, consider what the state guaranty funds will cover in insolvency, and realize that any payments over that amount could be lost due to insurer insolvency.

Even with the guaranty funds backing the insurers, the full value of large policies is not guaranteed, much like large depositors in the banks.

The state guaranty funds stand behind the insurance companies, and no one has failed to receive a death benefit on a timely basis as a result.