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.
South Carolina Full Guaranty
Category:
State:
Multi-State
Control #:
US-OL4A024BD
Format:
Word;
PDF
Instant download
Description
How to fill out Full Guaranty?
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FAQ
The SC Property and Casualty Insurance Guaranty Association, a special creation of state law, is required to protect policyholders of an insolvent insurance company.
The maximum amount of protection provided by the Association to an individual, for all life insurance, annuities and structured settlement annuities is $300,000, regardless of the number of policies or contracts covering the individual.
Subject to policy contract provisions, conditions, deductibles, and limits, as well as those stated in South Carolina Law, Title 38, Chapter 31, the following limits may apply: Property Casualty Claim: Amount of each covered claim in excess of $250.00 and less than $300,000.00.
Life insurance policies, health insurance policies and annuity contracts written by member companies are protected, with certain limitations and conditions.
Although there is no maximum for workers compensation claims, the maximum amount WAGA can pay on other claims is $300,000. You may file a claim against the assets of the insurance company estate for amounts over that cap that are still within the limits of the applicable policy.
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.
Most states provide the following amounts of coverage (or more), which are specified in the National Association of Insurance Commissioners' (NAIC) Life and Health Insurance Guaranty Association Model Law: $300,000 in life insurance death benefits. $100,000 in net cash surrender or withdrawal values for life insurance.
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. Is my claim against the insolvent insurer affected by the Guarantee Association? Yes.
