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  2. Guaranty association - Wikipedia

    en.wikipedia.org/wiki/Guaranty_association

    Major insolvencies have occurred at least 62 times since the conspicuous collapse of the Executive Life Insurance Company in 1991. [5]Annuity contracts are protected against insurance company insolvency up to a specific dollar limit, often $100,000, but as high as $500,000 in New York, [6] New Jersey, [7] and the state of Washington. [8]

  3. Insolvency - Wikipedia

    en.wikipedia.org/wiki/Insolvency

    It has been suggested that the speaker or writer should either say technical insolvency or actual insolvency in order to always be clear – where technical insolvency is a synonym for balance sheet insolvency, which means that its liabilities are greater than its assets, and actual insolvency is a synonym for the first definition of insolvency ...

  4. Trade credit insurance - Wikipedia

    en.wikipedia.org/wiki/Trade_credit_insurance

    Trade credit insurance, business credit insurance, export credit insurance, or credit insurance is a type of insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy.

  5. What happens to an annuity if your insurance company ... - AOL

    www.aol.com/finance/happens-annuity-insurance...

    While rare, an annuity issuer failing can be a nightmare for policyholders.

  6. What to know about financial insolvency

    www.aol.com/finance/everything-know-financial...

    A wide range of circumstances can lead to an individual’s or company’s insolvency. Some of the most common include: ... if your Form 1099-C reports $1,000 of canceled debt and your liabilities ...

  7. Insurance policy - Wikipedia

    en.wikipedia.org/wiki/Insurance_policy

    In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.

  8. Financial Services Compensation Scheme - Wikipedia

    en.wikipedia.org/wiki/Financial_Services...

    90% of the claim with no upper limit. Compulsory insurance is protected in full. Unlimited Funeral plans: 100% of the first £85,000 per person per authorised firm (for claims against firms declared in default on or after 29 July 2022) £85,000 Long-term insurance (e.g. Whole of life assurance, Term life insurance and/or critical illness insurance)

  9. Can lawmakers save the collapsing Florida home insurance market?

    www.aol.com/finance/lawmakers-save-collapsing...

    Between home insurance companies going insolvent, limiting their risk or leaving the state altogether, Florida has lost over 30 insurance providers — or some form of coverage from these ...