Guaranty Fund Insolvency Fund

Definition of "Guaranty fund (insolvency fund)"

Brian Joyner
Brian Joyner United Country McIver Land & Realty

Aggregate sums, in certain states, to pay claims of insolvent insurance companies. These funds are maintained by contributions of companies operating in a particular state in proportion to their business written in the state. A guaranty fund insures the integrity of the insurance business.

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