Nebraska Guaranty by Corporation - Complex
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How to fill out Guaranty By Corporation - Complex?
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FAQ
The Guaranty Fund is funded through assessments against member insurers made after a member insurer is declared insolvent by a court of law. These funds are used to pay valid claims, as well as administrative expenses.
KIGA is part of a non-profit, state-based, statutorily-created system that pays certain covered claims of insolvent property and casualty insurance companies. By paying these claims, KIGA protects policy holders and claimants.
The purpose of this Guaranty Association is to assure that policyholders will be protected, within limits, in the unlikely event that a member insurer becomes financially unable to meet its obligations.
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.
PPCIGA provides a means for the payment of covered claims under certain property and casualty insurance policies, to avoid excessive delay in the payment of such claims, and to avoid financial loss of claimants or policyholders as a result of the insolvency of a member company.