This office lease guaranty states that the guarantor unconditionally guarantees to the landlord the full and timely performance and observance of all of the terms, covenants, and conditions of the lease.
This office lease guaranty states that the guarantor unconditionally guarantees to the landlord the full and timely performance and observance of all of the terms, covenants, and conditions of the lease.
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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.
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 Kansas Life & Health Insurance Guaranty Association was created by the Kansas Legislature in 1972 to protect state residents who are policyholders and beneficiaries of policies issued by an insolvent insurance company, up to specified limits.
The maximum total amount the Guarantee Association will provide for any one individual for life insurance and annuity coverage is $300,000, even if that individual is covered by multiple life insurance policies and annuities.
What is a life and health insurance guaranty association? Life and health insurance guaranty associations were created to protect policy owners and beneficiaries of policies issued by licensed life or health insurance companies that have been placed in liquidation by a court order with a finding of insolvency.
In the event that a member insurer is found to be insolvent and is ordered to be liquidated by a court, the Guaranty Association Act enables the Guaranty Association to provide protection (up to the limits spelled out in the Act) to Kansas residents who are holders of life and health insurance policies and individual ...
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 state insurance commissioner gives insurance guaranty associations their powers. Most of these organizations are funded with the money they collect from conducting assessments of member insurers. The total payout in most states is capped at $300,000 per individual.