Washington Guaranty by Distributor to Corporation of Payment of Distributorship Funds by Assignee Due to Assignment

State:
Multi-State
Control #:
US-60391
Format:
Word; 
Rich Text
Instant download

Description

The guarantor consents and agrees that his direct and immediate liability under this guaranty shall be joint and several and he will render any payment or performance required under the Agreement upon demand if the distributor fails or refuses punctually to do so.
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FAQ

The funding for the Washington Life and Disability Guaranty Association comes primarily from assessments on insurance companies licensed to operate in Washington. This financial structure ensures that funds are available to cover claims when an insurer fails. Essentially, when using the Washington Guaranty by Distributor to Corporation of Payment of Distributorship Funds by Assignee Due to Assignment, stakeholders benefit from added financial security. This system safeguards policyholders during uncertain times.

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Washington Guaranty by Distributor to Corporation of Payment of Distributorship Funds by Assignee Due to Assignment