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Links and Contacts
Please find your state in the table below, and state-specific information will be provided. *All 50 states and the District of Columbia are included. StateGuaranty FundsDepartment of Insurance Alabama Alabama…
New Year, New Faces
…Virginia State Corporation Commission Bureau of Insurance Market Regulation and Consumer Affairs (D) Committee Chair: Chlora Lindley-Myers, Director, Missouri Department of Insurance, Financial Institutions and Professional Registration Vice Chair: Allen W. Kerr,…
Guaranty Fund Laws and Law Summaries
StateStatuteSummaryLast Update ALABAMA Complete Statute Summary 2/1/2024 ALASKA Complete Statute Plan of Operation Summary 2/1/2024 ARIZONA Complete Statute Complete Statute Thru 7/1/2015 Summary 2/1/2024 ARKANSAS Complete Statute Summary 2/1/2024 CALIFORNIA…
Remaining Ready: Preparedness is the Key to Effective Insolvency Management by the Property and Casualty Guaranty Fund System
…funds ensure continuity of practice and institutional knowledge of systems, laws and policies and the ability to train newly hired staff when activity increases. Standing professional staffs serve as repositories…
Protect the Integrity Of State Guaranty Funds
…provision requiring carriers that write auto insurance in Florida – but homeowners elsewhere – to also write homeowners policies in Florida. (The attorney general of Mississippi later suggested the same…
Merced Property & Casualty Company: A Deeper Dive (continued story from the 2019 Fall Workshop)
…cash value for all of those items. Then, when the consumer actually goes out and purchases those items, they provide proof, and only then can they be paid the difference….
Frequently Asked Questions
What is a guaranty fund? A guaranty fund, also known as a guaranty association, protects policyholders and claimants when an insurance company becomes insolvent. Guaranty funds are nonprofit entities created…
Recievers Who Signed
…Midland Yes NYLB 13676 Cosmopolitan Mutual Yes NYLB 18341 Inscorp Yes NYLB 19909 Centennial Insurance Company Yes NYLB 15466 Realm Yes NYLB 15741 United Community Yes NYLB 14230 Ideal Mutual…