Full text of legislative history behind the Post Assessment Property and Liability Insurance Guaranty Association Model Act.
Maine Post Assessment Property and Liability Insurance Guaranty Association Model Act Legislative History
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FAQ
Florida Insurance Guaranty Association FIGA is a nonprofit corporation created by the Florida Legislature in 1970. FIGA services pending claims by or against Florida policyholders of member insurance companies which become insolvent and are ordered liquidated.
PPCIGA is an association of insurers licensed to write property and casualty insurance on a direct basis in The Commonwealth of Pennsylvania. Subject to statutory limits, PPCIGA assumes the insurance policy obligations of licensed insolvent insurers in Pennsylvania for residents and/or property located in the state.
Registered Agent Meenan, P.A. Please note that Mr. Meenan is the registered agent for FIGA only.
Insurance guaranty associations provide protection to insurance policyholders and beneficiaries of policies issued by an insurance company that has become insolvent and is no longer able to meet its obligations. All states, the District of Columbia, and Puerto Rico have insurance guaranty associations.
The maximum amount FIGA will cover is generally $300,000 per claim. An additional $200,000 is available for structures and contents on homeowners' claims. No claim will be paid in excess of this cap. For more information on FIGA's claim handling see the FAQ section of this website.
Insurance guaranty associations provide protection to insurance policyholders and beneficiaries of policies issued by an insurance company that has become insolvent and is no longer able to meet its obligations. All states, the District of Columbia, and Puerto Rico have insurance guaranty associations.
The Pennsylvania Life & Health Insurance Guaranty Association was created by the Pennsylvania legislature in 1978 to protect state residents who are policyholders and beneficiaries of policies issued by an insolvent insurance company, up to specified limits.
Louisiana law protects policyholders if their insurance companies have financial problems and can't pay claims or debts. Most insurance companies that do business in the state must belong to a guaranty association. Guaranty associations help pay policy claims if an insurance company fails or becomes insolvent.
The health insurance protection for which the Guarantee Association may become liable shall be the contractual obligations for which the insurer is liable or would have been liable if it were not an insolvent insurer, up to a maximum benefit of $200,000.
An insurance guaranty association is a state-sanctioned organization that protects policyholders and claimants in the event of an insurance company's impairment or insolvency.