District of Columbia Guaranty of Payment of Dividends on Stocks
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How to fill out Guaranty Of Payment Of Dividends On Stocks?
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FAQ
The purpose of the Association is to provide insolvency insurance for each member insurer and discharge its obligations under its insurance policies and to protect the policyholders against loss arising from the failure of an insolvent member insurer.
The District of Columbia Life and Health Insurance Guaranty Association provides coverage of claims under some types of policies if the insurer becomes impaired or insolvent. COVERAGE MAY NOT BE AVAILABLE FOR YOUR POLICY. Even if coverage is provided, there are significant limitations and exclusions.
Welcome to the District of Columbia Life & Health Insurance Guaranty Association ("guaranty association") Web site. We hope you find this site helpful in providing information regarding the purpose of the guaranty association and how it protects resident policyholders in the event of an insurance company insolvency.
The Corporation funds its coverage obligations from three sources - the assets of the insolvent insurer, premiums due after liquidation, and assessments of the Corporation's member insurers.
The association provides coverage for: (three bullet points) - individual life, health, annuity, and supplement policies. - certificates under group policies and contracts. - unallocated annuity contracts issued by member insurers.
A guaranty fund (or guaranty association) is an organization established by state law. Its purpose is to protect policyholders from insurer insolvencies. It pays claims an insurer would have paid had it not become financially impaired.
The purpose of the Insurance Guaranty Association is to protect policyholders when an insurance company becomes insolvent. Benefits paid to claimants and policyholders are subject to limits.
